Category: Business

Get-Rs.-2-Lakh-Accidental-Cover-At-Rs.-12-Under-PMSBY

Get Rs. 2 Lakh Accidental Cover At Rs. 12 Under PMSBY

Pradhan Mantri Suraksha Bima Yojna (PMSBY) is offering accidental insurance at Rs. 12 to the poor and low-income group people. The security cover is for one year but it can be renewed every year. Run by government of India, the scheme covers accidental death and disability.

Low cost PMSBY

People aged between 18-70 years of age with savings accounts can take advantage of this insurance scheme. The scheme covers accidental death including murder and disability. But temporary and partial disabilities aren’t covered under the insurance.

Highlights of PMSBY

• Rs. 2 lakh insurance for death … Read the rest

Fresh-Funds-For-Ambani-Led-Jio

Fresh Funds For Ambani Led Jio

Jio Platforms Ltd. received another financial stimulus of $873 million from General Atlantic that invested in Airbnb Inc. and Uber Technologies Inc. It has taken a 1.3% stake in the digital services business of billionaire Mukesh Ambani, Reliance Industries Ltd.

More dollars for billionaire Ambani

The latest stimulus from the US based private equity fund General Atlantic increased the enterprise value of Reliance Industries Ltd. The company now values Rs. 5.16 trillion ($68 billion). And the total transaction raised by Jio is increased to almost $9 billion. It includes stakes bought by Facebook Inc., Silver … Read the rest

Booze-To-Cost-70-More-In-Delhi-From-Today

Booze To Cost 70% More In Delhi From Today

Delhi government decided to add a 70% corona tax on liquor sale. The tax will be applied to the MRP (maximum retail price) of each bottle. The decision was taken on Monday and it will be implemented from Tuesday. The government wants to increase its revenue with liquor sale.

70% on liquor sale in Delhi

The Delhi CM Arvind Kejriwal chaired a cabinet meeting on Monday morning to discuss ways to harvest liquor sale to boost revenue of the state that is down by more than 100% in comparison to last year. Delhi’s revenue in April 2019 was Rs. 3,500 … Read the rest

E-retailers-Want-To-Take-Part

E-retailers Want To Take Part In Joint Fight Against COVID-19

E-commerce giants Amazon and Flipkart again put the case for sale of non-essential goods and asked for permission to sell the items that have become essentials over a prolonged period. Also, the ecommerce companies promised to make deliveries while following the lockdown conditions of social distancing.

Amazon delivery

It said that ecommerce offered the safest way for sellers/retailers to serve the needs of citizens while ensuring social distancing. Amazon was committed to keep citizens safe and that e-commerce can play a crucial role in the joint fight against the pandemic said the company. It further maintained it can help in … Read the rest

Local-Shops-On-Amazon

What Are Local Shops On Amazon?

Local Shop on Amazon is new initiative by Amazon. The programme is launched to scale the business by starting selling goods directly from local shops. But the real objective is to get an edge over Reliance’s JioMart and Walmart-owned Flipkart.

Amazon’s new programme

The US e-commerce giant has promised to invest Rs. 10 crores in its “Local Shop on Amazon” programme. The company has already started the project with over 5,000 traditional retailers. The programme will provide the convenience of ordering goods online and scalability to offline retailers.

The pilot project has been kicked off in over 100 cities including … Read the rest

Facebook-Invests-5.7-Billion-In-Reliance-Jio

Facebook Invests $5.7 Billion In Reliance Jio

Reliance Industries share took a high jump when the social media giant Facebook announced buying a minority stake in Reliance Jio. It would invest $5.7 billion (Rs. 43,574 crore) in the Mukesh Ambani owned telco firm. With the investment, Facebook will become the largest minority shareholder in Jio Platforms Limited.

Highlights of the share market news

• Reliance Industries witnessed a jump of 103 points (8.33%) from Rs. 1,236 to Rs. 1,339

• Sensex traded 131 points higher at 30,758

• Reliance Industries share was also a top gainer on Nifty

• On NSE, its share gained over 8% to … Read the rest