Rite Aid Closes Its Remaining Stores
The company said it had closed its remaining 89 stores this week after struggling for years to stay in business and filing for bankruptcy protection twice. Source link
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Auto companies face logistical woes amid festive rush
NEW DELHI: The festive rush is there but car and two-wheeler companies, flush with orders after GST reduction and price cuts, are now facing a unique problem — ‘on time delivery’ of vehicles during festivals.While customers are seeking delivery around Dhanteras and Diwali, companies are finding it challenging to do so due to shortage of…
Related party lending rules eased for banks
MUMBAI: RBI has released a draft circular revising its framework for lending to related parties, a move expected to significantly improve ease of doing business in the financial sector. By introducing scale-based materiality thresholds, the draft ensures that only sizeable loans to related parties require board or committee approval, replacing earlier blanket restrictions that often…
Kennedy’s Ties to Ally Leading Vaccine Lawsuits Raise Ethical Concerns
Aaron Siri is leading legal efforts on policies that dovetail with parts of Health Secretary Robert F. Kennedy Jr.’s government agenda. Source link
Navratri sales hit 10-year high on GST cuts: Officials
NEW DELHI: On the back of a fillip provided by a reduction in GST on 375 items, Indian consumers flocked to stores and car dealerships resulting in the highest Navratri sales in over a decade, govt officials said, citing industry data.They argued that the move lowered prices, helping families upgrade vehicles, buy white goods and…
Groups File Suit Over Trump’s $100,000 H-1B Visa Fee
The suit argues that the new fee would harm schools, hospitals, churches and small businesses across the country. Source link
Push for efficiency: Maharashtra launches ‘e-bond’ system; replaces stamp paper bonds for trade
The Maharashtra government on Friday rolled out an electronic bond, or ‘e-bond’, system for import and export transactions, replacing traditional stamp paper bonds, officials said. The move is aimed at simplifying trade procedures, accelerating business operations, and modernising the state’s economy.Revenue Minister Chandrashekhar Bawankule said Maharashtra has become the 16th state in India to adopt…
Watch video: Train to Kashmir delivers first batch of cars from factory; why it’s a game changer
Kashmir on Friday witnessed a first-of-its-kind milestone in automobile logistics, with the arrival of its maiden dedicated car carrier rake by Indian Railways.A special train carrying 116 brand-new Maruti Suzuki vehicles, including Brezza, Dzire, WagonR and S-Presso, rolled into the Anantnag Goods Shed directly from the company’s Manesar plant in Haryana, PTI reported. This marks…
Why Are H-1B Visas Suddenly a Big Deal? One Reason: Tech Jobs Disappeared
The president’s decision to charge employers $100,000 per visa for skilled workers seemed to come out of nowhere. But the grievance behind it has been simmering. Source link
Billion dollar boost loading? Why Taylor Swift’s The Life of a Showgirl album may be just what US Fed & Powell needed – explained
The Life of a Showgirl (Image courtesy: Taylor Swift Instagram) The US economy is faced with the twin conundrum – growth challenges are mounting, and inflation is not in the US Federal Reserve’s comfort zone. At such a time, the release of Taylor Swift’s latest album, The Life of a Showgirl, may spell good news…