Miscellany

Miscellany

Food techs look at strategic tie-ups with F&B chains

After facing the ire of restaurant partners in select pockets, food aggregators are likely to go slow on private labels and instead are seeking to enter into exclusive tie-ups with large food and beverages chains for better margins.

Online private label biz makes rapid strides

Private label brands in online retail are expected to grow seven-fold to touch the size of $15 billion in five years. Electronic accessories, fashion, beauty and personal care are some of the high-growth categories.

Exporters may get incentives based on R&D, specific clusters under new FTP

Exporters are likely to get incentives based on parameters like research and development, product-specific clusters and production pattern under a five-year foreign trade policy (FTP) to be released later this year, an official said.

The commerce ministry is working on recasting the existing export incentive schemes in line with the global trade norms of the World Trade Organisation (WTO).

Brexit may see more students heading to UK

Brexit, if it happens, could see greater flow of Indian students to the United Kingdom. A probable reinstatement of post-study work visa can lead to an immediate rise in flow by 30 40 per cent and doubling and tripling of student population in the ensuing years.

Experts believe that Brexit will further squeeze government financial aids to the UK universities. This, in turn, would see education institutions pressuring the government to relax the post-study visa norms, leading to higher intake of international students.

Know all about online political ads from Google this time

Ahead of the Lok Sabha Elections 2019, global tech major Google said it would help bring more openness to election advertising online to enable voters to get the election-related information they need.

To bring more transparency to the online election ads, Google will introduce an India-specific Political Advertising Transparency Report and searchable Political Ads Library. These will provide comprehensive information about who is purchasing election ads on Google platforms and how much money is being spent.

Yamaha launches third generation FZ-FI and FZS-FI bikes with ABS

Japanese giant Yamaha Motor on Monday expanded the fast selling 150 cc range of bikes by launching the all new third generation 150 cc FZ-FI and FZS-FI bikes with ABS to boost sales in Asia’s third biggest economy.

The Yamaha FZ-FI and Yamaha FZS-FI bikes are priced at Rs 95,000 and Rs 97,000 respectively at Delhi showroom.

The new FZ bikes, now coupled with stylish and sporty features, would flaunt a design proportion that resembles a classic ambush pose of an urban fighter.

Microsoft to skill 5 lakh youth in three years

Redmond-based technology major Microsoft has an ambitious mandate to train, skill and develop 500,000 youth across India in the next three years. To this end, the company will set up artificial intelligence (AI) labs in 10 universities and will also upskill over 10,000 developers.

Continental to invest in clean tech

The Euro 44.4 billion Dax-listed German technology major Continental is investing about Rs 800-Rs 900 crore in low-emission technologies for the world’s fifth largest automotive industry in India over the next two years.

The 10-year-old Continental India is also creating 2,000 jobs as it plans to increase its permanent headcount from the present 8,000 to 10,000 by 2020.

PwC a mouthpiece of e-comM giants: traders

Traders have alleged that Pricewaterhouse Coopers(PwC) is a mouthpiece of global e-commerce giants and that it was misleading the policy makers. It also asked PwC to prove the veracity of the figures mentioned in a "draft analysis report" which had reportedly estimated the impact of the FDI curbs on the sector. However, PwC denied the existence of any such report and termed media reports as incorrect.

Kumbh Mela sends hotel tariffs to sinful heights

The room tariffs in and around the Kumbh Mela site has gone up by more than 100 per cent, as the supply is not able to meet the huge demand for inventory.

Almost 14 crore pilgrims come over the 49 days of celebrations that started this week in Prayagraj. Travel service providers say too limited inventory is available, as the celebrations occur only once in six years. More visitors are expected this time compared to the last Kumbh, as better air, rail and road connectivity is supporting arrivals.

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