Paytm Mall eyes sales worth $500 million during festive season

Paytm Mall eyes sales worth $500 million during festive season

Paytm Mall on Wednesday said it expects to facilitate sales worth $500 million during the festive season through its platform. Like its rivals Amazon India and Flipkart, Paytm Mall is also offering a sale on its platform between September 20-23. “We are well on our way to achieve half a billion dollar of sales this festive season. We are giving a number of offers and discounts to consumers during the festive season,” Paytm Mall Chief Operating Officer Amit Sinha told PTI. Early this year, Alibaba-backed Paytm had spun off Paytm Mall…

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Sales accounted under GST could distort September quarter picture

Sales accounted under GST could distort September quarter picture

Investors are in for a surprise when the September quarter results are declared. This will be the first earnings season post-goods and services tax (GST) and differences in how sales will be recorded now are likely to distort reported growth figures. Companies have cautioned about this in their analyst meets and conference calls. Some may provide some comparison to help investors figure out underlying growth but others may not. In the absence of a mandatory requirement to disclose, investors may be left holding numbers that are not comparable. Nestlé India…

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Antibiotics sales for use in US farm animals rose in 2015, FDA reports

Antibiotics sales for use in US farm animals rose in 2015, FDA reports

LOS ANGELES –  U.S. sales and distribution of antibiotics approved for use in food-producing animals increased 1 percent from 2014 to 2015, the U.S. Food and Drug Administration said in a report on Thursday. The report comes as scientists warn that regular use of antibiotics to promote growth and prevent illness in healthy farm animals contributes to the rise of dangerous, antibiotic-resistant “superbug” infections, which kill at least 23,000 Americans each year and pose a significant threat to global health. An estimated 70 percent of antibiotics used to fight human…

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Nokia Posts Falling community sales, Lifts price-Saving objectives

Nokia Posts Falling community sales, Lifts price-Saving objectives

Nokia’s net sales of telecoms equipment fell more than anticipated in the first quarter because the Finnish employer warned on Tuesday that income in its mainstay enterprise might decline this 12 months due to slowing call for in China. In its first unified profits record on account that taking control of rival Alcatel-Lucent in January, Nokia also nudged up its value-slicing goal for the merger, pronouncing it was now in search of financial savings of “above” EUR 900 million (more or less Rs. 6,828 crores) in the path of 2018,…

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iPhone SE Launch Could Counter Drop in Sales for Apple

iPhone SE Launch Could Counter Drop in Sales for Apple

Apple Inc is expected to launch a smaller, cheaper iPhone on Monday aimed at emerging markets and possibly China, the world’s biggest buyer of smartphones, as it looks to reverse a decline in worldwide sales of its most important product. The launch of such a phone – expected to be called the iPhone SE – would represent Apple’s second bid for the crowded mid-tier market after an unsuccessful foray three years ago. It might give the world’s best-known technology company a boost in the fast-growing Indian, Middle East and African…

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