Business

India has 350 mn online transacting users, will double by 2030
Business, National, Technology

India has 350 mn online transacting users, will double by 2030

Bengaluru, Dec 14: India currently has around 350 million online transacting users across e-commerce, shopping, travel and hospitality, and OTT and the number is set to double by 2030, a new report showed on Wednesday. There are about 40-45 million mature users who spend a considerable share of their wallet online (more than 50 per cent). "We expect online transactors to become 2X by 2030, with mature users being the faster-growing cohort," said Mukesh Kumar, Engagement Manager, Redseer Strategy Consultants. "We also estimate that these mature users would account for $400 billion online spending by 2030," he mentioned. At 780 million, India is home to the second-largest Internet user base in the world, which is more than 2 times of the US populatio...
J&K Bank has the highest income taxpayer in Chandigarh
Business, Kashmir, State

J&K Bank has the highest income taxpayer in Chandigarh

Srinagar, Dec 2: Income tax department conducted an Awareness-Cum-Interaction Program on the importance of Voluntary Compliance to Income Tax Act, 1961 right here at J&K Bank’s Corporate Headquarters. Lauding J&K Bank at the event for paying the highest quantity of income tax in Chandigarh circle, Gulzarin, Akhtar instructed the individuals, “I am happy to inform that J&K Bank is the very best taxpayer not most effective in J&K but in the entire Amritsar circle which covers Jalandhar, Shimla, J&K besides Amritsar. It speaks volumes approximately the incredible fulfillment story this economic organization has come to be. The sturdy KYC culture of organization is very appreciable and that I hope J&K Bank keeps on improving on each functioning front.” J&K Ban...
Indian handicraft exports growing steadily says Piyush Goyal
Business

Indian handicraft exports growing steadily says Piyush Goyal

Ministry of Commerce and Industry and Textiles Minister Piyush Goyal said on Monday that the country’s handicraft exports were rising progressively and have been a long way advanced to any gadget-made merchandise. Talking at an awards rite where artisans and handloom workers had been honoured, the Minister said that, with India all set to expect the presidency of the G20 on December 1, there could be ample opportunities to show the wealthy heritage of handicraft and handloom merchandise to diverse international dignitaries who could be travelling the country to attend numerous meetings associated with the grouping. Prime Minister Narendra Modi, Goyal said, usually prefers gifting handloom and handicraft products to all overseas dignitaries, whom he meets at numerous global fora. I...
Tuesday: Indian stock markets touched new highs
Business, National

Tuesday: Indian stock markets touched new highs

Chennai, Nov 29: For the second day in succession the Indian stock markets flared up with the Sensex of BSE and Nifty of NSE touching record highs on Tuesday. The Sensex of BSE on Monday touched a record high of 62,877.73 points after opening at 62,362.08 points and touched a low of 62,362.08 points during the day. The Sensex had closed at 62,504.80 points on Monday after hitting an all time high of 62,701.40 points. The Sensex is at 62,828.01 points up by 323.21 points. At the NSE, the Nifty opened 18,552.45 points after previously closing at 18,562.75 points. Then the Nifty rallied up to 18,659.75 points and touched a low of 18,552.15 points.