Business Standard - June 09, 2022
Business Standard - June 09, 2022
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In this issue
June 09, 2022
Amazon goes tough on fraud, bans 4 bn bad listings in 2021
In 2021, Amazon prevented 4 billion bad listings from making it to its website and removed over 3 million fake goods, compared to over 2 million a year earlier, a senior company official said.
2 mins
RCap CoC to extend resolution plan date
As of now, only three bidders Piramal, YES Bank and Indusind are actively engaged with the lenders for RCap
1 min
TN body bans Abbott for 5 years for hiding info
The Tamil Nadu Medical Services Corporation (TNMSC) has blacklisted pharma major Abbott Healthcare for five years for allegedly "hiding information" while participating in the tender process.
1 min
Ecosystem equipped to implement tokenisation
With less than a month to go for the Reserve Bank of India's (RBI's) new card data storage norms to kick in, the ecosystem is better prepared this time around. However, the transition to the new regime may not be entirely seamless. Teething problems may arise, given how complex the implementation process itself is.
2 mins
Hardening yields to buoy debt mutual fund prospects
The yield on the 10-year government security (G-Sec) dipped on Wednesday even as the Reserve Bank of India (RBI) hiked the repo rate by 50 basis points (bps) to 4.90 per cent. In the previous trading session, the 10year G-Sec had ended at a 40month high of 7.518 per cent.
1 min
Goods or services? GST law panel's crypto dilemma
Tax treatment decision after there's clarity on classification
2 mins
Business Standard Newspaper Description:
Publisher: Business Standard Private Ltd
Category: Newspaper
Language: English
Frequency: Daily
Business Standard is India's leading business daily.
A preferred choice of serious business readers, Business Standard is acknowledged as a quality leader.
Business Standard stands for reporting that stresses accuracy and credibility, commentary that is informed, independent and fair, and journalism that is rooted in ethical conduct and defined by a sacrosanct bond with the reader. All Business Standard journalists sign on to a code of conduct that is available on the website.
Business Standard's editorial team is led by Shyamal Majumdar.
The English newspaper is published from 12 centers - New Delhi, Mumbai, Kolkata, Bengaluru, Chennai, Ahmedabad, Hyderabad, Chandigarh, Lucknow, Pune, Kochi and Bhubaneswar. It is also printed from Bhopal.
The Hindi Business Standard is published from eight centres - New Delhi, Mumbai, Kolkata, Patna, Lucknow, Bhopal, Chandigarh and Raipur.
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