TikTok’s parent ByteDance plans USD 1 billion investment in India in next 3 years

TikTok’s parent ByteDance plans USD 1 billion investment in India in next 3 years

NEW DELHI: Unfazed by the ban on TikTokin India, the popular Chinese short video app’s parent ByteDance remains “very optimistic” and plans to invest USD 1 billion in the country over the next three years. ByteDance — touted to be among...
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Holiday shoppers used their phones to spend $1 billion this Thanksgiving

Holiday shoppers used their phones to spend $1 billion this Thanksgiving

Shoppers weren’t afraid to pull out their smartphones to shop on Thanksgiving, to the tune of $1 billion. Sales online Thanksgiving Day totaled $3.7 billion, up 28 percent from a year ago, Adobe Analytics said in a report Friday. That...
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Say What? Small Businesses Racked Up More Than $1 Billion in Sales During Amazon Prime Day

Say What? Small Businesses Racked Up More Than $1 Billion in Sales During Amazon Prime Day

Saying Prime Day 2018 started with a bang is an understatement. Small and medium-sized businesses were able to generate more than $1 billion in sales on the first day. Prime Day 2018 Results Small businesses who took part in the...
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Govt notifies new accounting standard that comes into effect on April 1

Govt notifies new accounting standard that comes into effect on April 1

Companies will have to adopt more detailed revenue recognition ways from April 1 as the government has notified a new accounting standard. The corporate affairs ministry has notified Indian Accounting Standard (Ind AS) 115 which would be effective from the...
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$1 Billion Embassy, Which Donald Trump Mocked, Opens In London

$1 Billion Embassy, Which Donald Trump Mocked, Opens In London

The embassy is located where council leader disputed Trump’s description of the area. LONDON:  The gleaming new U.S. embassy in London opened on Tuesday with little fanfare and no official ribbon cutting. President Donald Trump sparked a furor here las...
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Stimulus, farm waiver to push up fiscal deficit by 1%: RBI

Stimulus, farm waiver to push up fiscal deficit by 1%: RBI

Cutting its growth estimate for the current fiscal, the RBI warned on Wednesday that any economic stimulus and farm debt waivers could push up fiscal deficit by 1 percentage point, potentially stoking inflation. Such measure could lead to inflation surging...
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