The government decision's to waive off compound interest payment for small borrowers during the six-month moratorium period should be implemented by November 2, said the Supreme Court
on Wednesday, according to multiple media reports. The government's decision is welcome, but we need to see concrete results on the ground, said the court as it set November 2 as the next date of hearing in the matter, according to CNBC-TV18. Read More...
A top apparel industry
watchdog has launched an investigation into underwear maker Jockey International's Indian partner Page Industries Ltd following allegations of human rights abuses at one of its factories, the watchdog told Reuters. The investigation by US-based Worldwide Responsible Accredited Production (WRAP) comes after Norway's $1 trillion sovereign wealth fund dropped Page from its investment portfolio due to concerns of human rights violations at "Unit-III" - one of Page's Jockey manufacturing sites in Bengaluru. Read More...
The impact of Covid-19 has been severe on the Indian start-up ecosystem during the lockdown as 15 per cent of start-ups have halted operations. According to a report by TIE Delhi-NCR and Zinnov, 44 per cent of start-ups have cash runway for less than 6 months, 41 per cent of startups
have been impacted negatively while 52 per cent are struggling to raise capital. Read More...
Apple Inc on Tuesday launched its next-generation iPhone
12, with faster 5G connectivity that the California company hopes will spur consumers to trade in their old phones and keep its sales booming through the end of the year. The core of the line-up, the iPhone
12 with a 6.1-inch display, will sell for $799, while a 'Mini' version with a 5.4-inch screen will be slightly cheaper at $699. A 'Pro' version with three cameras and a new 3-D 'lidar' sensor starts at $999, with the largest 'Pro Max' starting at $1,099 and going up to $1,399. Read More...
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