Business highlights
DCM11 BIZ-YEAR-RETAIL
Retail industry expects growth in second half of 2020
New Delhi: As economic slowdown continues to hurt sales, the Indian retail industry expects to bounce back in the second half of 2020 on the back of consumer demand revival and increased spending.
DCM24 BIZ-YEAR-FUNDS
India Inc garners Rs 8.7 lakh cr from markets in 2019, debt preferred route
New Delhi: Marking a major upswing in fund raising activities, Indian companies garnered Rs 8.7 lakh crore from domestic and overseas markets in 2019 -- up 20 per cent from the previous year -- with debt instruments remaining the most preferred route for financing business needs.
DCM28 BIZ-YEAR-SOCIAL MEDIA
Citizenship bill, Article 370 flavoured up social media platforms this year
New Delhi: The town squares of Twitter, Facebook and WhatsApp were buzzing this year with people debating issues like Citizenship Amendment Act and scrapping of Article 370 with memes going viral, even as these companies battled the menace of fake news, data breaches and attempts by the government to frame rules to make social media platforms more accountable. DCM15 BIZ-LABOUR-SANTUSHT
Labour Ministry mulls 'Santusht' portal in Jan for speedy resolution of grievances
New Delhi: The labour ministry has chalked out a plan to launch a new portal 'Santusht' next month for speedy redressal of worker as well as employer grievances and ensuring effective implementation of labour laws at the grassroot level, a source said.
DCM17 BIZ-RBI-HFC
HFCs' share in realty loans doubles since 2016: RBI
Mumbai: The loss of public sector banks' share in credit market, especially the realty sector, has been the gain for housing finance companies as their share saw doubling in the past three years to 23.81 per cent as of June 2019, according to the latest RBI data.
DCM18 BIZ-LEASING-OFFICE SPACE
Office space leasing in Delhi-NCR jumps 2-fold to record 10.82 mn sq ft in 2019: Report
New Delhi: Net leasing of office space jumped over two-fold to record 10.82 million sq ft this year in the national capital region, driven by new supply and rising demand for quality workspace from corporates, according to property consultant JLL India.
DCM20 BIZ-TAX-DIN
All communications to taxpayers to bear DIN: CBIC
New Delhi: The Customs department has made quoting of electronically generated document identification number (DIN) mandatory in all communications, including e-mails, sent to taxpayers with an aim to bring in transparency in the administration.
DCM30 BIZ-AIRTEL-PRE PAID
Airtel raises minimum recharge for pre paid users
New Delhi: Telecom operator Bharti Airtel on Sunday hiked its mandatory minimum recharge for pre-paid customers to Rs 45 from Rs 23. BAL