Trak.in » Business
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Trak.in is a blog that tracks all the buzzing stories in Indian business world. This blog covers stories, news, views on Indian companies, Indian leaders, Indian business tycoons and more.
Trak.in » Business
10h ago
A government-appointed committee is presently considering the idea of making commonly used drugs available at general stores in India.
Government May Allow Sale Of Common Medicines In General Stores
The commonly used drugs such as cough and cold medicines, antacids, and fever-reducing drugs are being considered in this initiative.
Further, the committee is entrusted with formulating India’s over-the-counter (OTC) drug policy.
They have discussed this proposal during a recent meeting, as per a media report.
The idea is already implemented in many countries such as the US as they allow sale of ..read more
Trak.in » Business
10h ago
You will be amazed to know that the two of the best-selling baby-food brands by Nestle in India contain high levels of added sugar.
Nestle Adds Sugar In Baby Products
Contrary to this, baby food products are sugar-free in the United Kingdom, Germany, Switzerland, and other developed nations, highlighted by a latest investigation done by Public Eye.
Further, this report highlights that Nestle, which is the world’s largest consumer goods company, adds sugar and honey to infant milk and cereal products.
You will be surprised to know that in several countries, this is a violation of interna ..read more
Trak.in » Business
2d ago
Aditya Birla Capital has invested Rs 100 crore in building the ‘Aditya Birla Capital Digital’ application, according to the company’s CEO, Vishakha Mulye.
The declaration was given during a conversation following the app’s launch in Mumbai.
Read on to find out all the details about this new app!
Aditya Birla Capital Invests Rs. 100 Crore To Build Aditya Birla Capital Digital App
The business unveiled the omnichannel ABCD D2C platform, which unifies all of the group’s offerings.
Although Svatantra Microfinance services are not included in the application at this time, Mulye stated that they mi ..read more
Trak.in » Business
3d ago
Tesla is eyeing potential showroom locations in New Delhi and Mumbai as part of its plans to commence sales in India later this year. With global vehicle deliveries declining in the first quarter, Tesla is intensifying efforts to enter new markets, starting with showrooms spanning 3,000 to 5,000 square feet and service hubs in each city.
Production in Germany for Indian Market
Exporting Right-Hand Drive Cars
The electric carmaker has initiated production of right-hand drive vehicles at its German plant for export to India. This move aligns with India’s recent reduction of electric vehicle imp ..read more
Trak.in » Business
3d ago
Elon Musk’s Tesla has announced plans to lay off over 10% of its global workforce, affecting more than 14,000 employees. Citing duplication of roles and the need for cost reduction, Musk has emphasized the necessity for restructuring as the company enters its next growth phase.
Rationale Behind Layoffs
Duplication of Roles and Cost Reduction
In an internal email, Musk highlights the rapid growth of Tesla as a contributing factor to duplicated roles within the organization. As part of efforts to enhance productivity and reduce costs, the company undergoes a comprehensive review, resulting in t ..read more
Trak.in » Business
3d ago
With 56% of Kolkata’s population relying on buses for daily commuting, the news of half the privately-owned bus fleet facing scrapping after 15 years of service spells trouble for the city’s transportation system.
The current fleet of 3,500 buses is already a significant drop from pre-pandemic levels, and with only 26 new buses added this year, the gap between demand and supply widens.
Viability Issues and Declining Public Transport
Challenges Faced by Bus Operators
Viability issues, compounded by stagnant bus fares since 2018, have deterred private bus operators from investing in new vehicle ..read more
Trak.in » Business
3d ago
There is a major shift in India’s electoral landscape which is much closer than we realize.
In a latest update by a SBI report suggests that the women voters in India will surpass male voters from 2029 onwards.
More Women Participation Anticipated In 2029 Election
Describing it further in the SBI report, it has projected a total voter turnout of around 68 crore, of which women voters could be at 33 crore (49%) for the upcoming general election in 2024.
In simple words, the women voters at 37 crore could be outstripping registered men voters at 36 crore from 2029 onwards, as highlighted in the ..read more
Trak.in » Business
3d ago
Flipkart, the leading e-commerce marketplace in India, has announced the much-awaited 6th edition of Super Cooling Days 2024, promising customers an extraordinary shopping experience for cooling home appliances. Scheduled from April 17 to April 23, 2024, this annual sale extravaganza offers fantastic deals on a wide range of products, including Air Conditioners (ACs), Refrigerators, Air Coolers, and Fans.
A Diverse Selection of Cooling Home Appliances
Flipkart’s Super Cooling Days will feature an extensive lineup of cooling appliances tailored to meet diverse customer preferences and budgets ..read more
Trak.in » Business
4d ago
Ride-hailing giants Ola, Uber, and Rapido have made a strategic decision to remove the in-app wallet payment feature from their platforms for auto-rickshaws. This move aims to facilitate direct payments to drivers amid a growing trend of auto drivers shifting to alternative platforms and to mitigate GST taxation costs on each ride.
Leveling the Playing Field
The decision to remove the wallet payment option stems from a desire to establish a level playing field within the industry. With competitors like Namma Yatri offering direct payment features to drivers and thereby reducing tax costs, Ola ..read more
Trak.in » Business
4d ago
The struggling pharmaceutical giant Bayer CEO is doing away with middle managers and 99% of the company’s 1,362-page corporate handbook, in a bold move to claw back $2.15 billion.
Bayer Getting Rid Of Bosses
The move will leave almost 100,000 employees to fend for themself.
When it comes to, it is a 160-year-old German company known for inventing aspirin.
But now, the company has been stuck in a rut due to its market cap having plunged to a two-decade low.
This event has been spurred by its so-far disastrous acquisition of Monsanto.
According to the Bayer CEO, Bill Anderson, flattening hierar ..read more