Business Roundup # 26

Business News

GST jobs boost

The introduction the Goods and Services Tax (GST) will boost the job market, introducing more than one lakh opportunities, a report said.

The GST, to be launched on July 1, will fuel demand for professionals in many sectors of the economy. There many an immediate demand for those seeking jobs in specialised areas such as taxation, accounting and data analysis.

Affordable phones launched

Motorola is accelerating its efforts to cash in on the affordable smartphone (Rs 6,000 to Rs 10,000) segment with the launch of Moto C Plus for Rs 6,999.

Earlier this month, the company had launched Moto C for Rs 5,999, which is Motorola’s cheapest device in the Indian market. Moto C Plus will be available online while Moto C through retail stores.

Hotels committed

Top global hotel chains are committed to their investments and development in India despite the luxury hotels being taxed 28 per cent under the GST, says a report.

Hilton, Hyatt Hotels and Resorts and Carlson Rezidor are upbeat about investing in India and are putting g plans in place for a smooth transition for the GST regime.

Rain spoilsport

Early rains have played spoilsport on the sales of soft drinks and ice-creams in June, according to a report.

Sales of such products have dropped nearly five per cent so far in June, compared with the same period last year.  However, sales of air-conditioners and refrigerators have risen due the imminent rollout of the GST.

Payment feature

Messaging app Hike has added a payment feature to catch on with the growing digital transactions in the country, says a report.

It is the first messaging platform in India to add an integrated wallet. More than its 100 million users can now transfer money and pay their mobile phone bills using the payments feature.

Analytics backed

Indian companies are more committed analytics than their global counterparts, a study by EY reveals.

According to a report, Indian firms are more open to adopting analytics-driven business decisions than foreign companies, says the study. Indian executives are upbeat about using analytics in leveraging it for decision-making, an EY official said.

India eyed

US-based sports shoe brand Saucony will tie up with Reliance Retail to tap into the growing Indian market for footwear, says a report.

Reliance Retail, as the Indian franchisee of the US firm, will have rights to distribute Saucony products and even open standalone stores for it. Reliance Retail is already gauging the popularity of the brand at some outlets.

Regional connectivity

GoAir may seek tie-ups with regional carriers to provide services to smaller cities in the country, a report reveals.

The company is already in talks with some carriers to explore such services. However, the company does plan to buy smaller aircraft for the purpose.

Employment creation set

India’s renewable energy sector will create a significant number of jobs besides boosting the country’s green drive, according to a survey.

A report quoted a study conducted by the Council on Energy, Environment and Water and the Natural Resources Defence Council as saying that around 300,000 jobs will be created by the sector in the next five years.

Tata acquiring firm

The Tata Group is acquiring the management team and technology infrastructure of a Gurgaon-based company as it seeks to enter the online grocery business.

The group is buying out GrocerMax as consumers are increasingly placing orders for their products online, according to a report. The team will help set up an online platform, Trent Hypermarket, which will be an equal joint venture between Tata and British retailer Tesco.

Babu Kalyanpur

Babu Kalyanpur, ( Consulting Editor) has rich experience in both sports and business journalism. Babu has led news desks in Pune and Bahrain and writes extensively on his passion, sports and business besides current affairs and matters of importance to Pune.

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