Many of these deals come at a time that the Indian market is still growing in consumption, but monetization has become harder. Subscription prices are low, advertisement rates are under pressure and competition between platforms is intense. Everyone is fighting for the same audience and content costs have gone up faster than revenues. Last year,…
For Barrett, who co-founded the brand with her Irish husband Robert Barrett at Rebel City Distillery, the listing marked a shift from “interesting newcomer” to something closer to mainstream. “We weren’t sure how Irish consumers would respond to South Asian flavour profiles,” she said. “But they embraced it.” Dai Bowes can attest to that. The…
India has backed calls for a balanced outcome on cotton at the World Trade Organization (WTO), saying issues such as domestic support, market access and development assistance need to be addressed together. India also reiterated that it already offers duty-free access for cotton imports from least-developed countries. In contrast, major players including the United States…
Bank holidays next week: Banks will be closed for at least two days next week due to occasions like Republic Day, which is a national holiday. The Republic Day bank holiday has led to the confusion if banks across India will be closed on the day. To answer the question, it must be said that…
Bank employee unions have given notice for a nationwide strike on 27 January to press for a long-pending demand for a five-day work week. If the strike proceeds, it will disrupt public sector banking operations for three consecutive days as banks will remain closed on Sunday, 25 January in line with Reserve Bank of India…
Bank holiday today: Public and private banks in all states across India are closed today for fourth Saturday weekend holiday. Notably, this is a long weekend off (Friday to Monday) in many states, as 23 January was regional holidays in Odisha, Tripura and West Bengal, 24 January is the fourth Saturday, 25 January is a…
Mumbai: IndusInd Bank is banking on its commercial vehicle (CV) and microfinance portfolios to regain lost ground, as the lender attempts to move past accounting issues and leadership transition, managing director and chief executive officer (CEO) Rajiv Anand said. With the new leadership team in place, which management is confident of, the bank believes that…
MUMBAI : Amid persistent tightness in liquidity conditions, the Reserve Bank of India (RBI) today announced its third tranche of open market operations (OMOs) for the purchase of government securities worth ₹1 trillion and dollar-rupee buy/sell swaps of $10 billion, to be conducted in February. The central bank will purchase government securities worth ₹50,000 crore…
Banks, IT firms and data centres could see price changes for the private high-speed broadband lines they use to move data securely and run critical operations, as the telecom regulator has initiated its first review of domestic leased circuits (DLCs) prices in over a decade. A DLC is a dedicated broadband line that telecom operators…
The Karnataka High Court on Friday permitted bike taxis to ply in the state. The court ruled that while the government is empowered to frame regulations and impose conditions to govern bike taxi operations, it cannot refuse to accept applications for taxi permits solely on the ground that the vehicle in question is a motorcycle….