Private label products are goods sold by retailers under their own brand names. Many brick-and-mortar retailers and ecommerce companies have private labels, which offer a fatter margin than selling third-party brands. Amazon, for instance, sells many products under the Amazon Basics brand.
From October 1, 2021, banks are required to reach out to customers before deducting money towards payments based on standing debit instructions.
While Covid-related services such as booking vaccination slots, downloading certificates and finding other resources dominate the list, several other use cases have also been launched on the WhatsApp platform.
On January 12, the board of directors of TCS had approved the buyback of up to 4 crore shares for an aggregate amount not exceeding Rs 18,000 crore.
The 30% tax (and TDS) on crypto income announced in the Budget is seen by some as “recognition” of the blockchain industry. But many others also believe a high tax regime and stringent taxation terms could stunt growth in a sector populated largely by bootstrapped start-ups.
The acquisition will strengthen Revolut’s foundation in India and accelerate its plans to offer remittance and forex services to Indian customers. The company did not disclose the contours of the deal.