Economic Times5/6/2026BusinessIndia
BackG7 decries 'economic coercion' in swipe at China
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Developing·8m ago
Microsoft's Xbox Division Announces Major Restructuring and Layoffs
Microsoft's Xbox division is cutting approximately 3,200 jobs, marking its most significant restructure in history. CEO Asha Sharma cited slower-than-expected growth, rising costs, and industry challenges, stating the business is "not healthy" and lost 64 cents per dollar invested.
Times of India
Business·28m ago
What Happens When You Miss a Term Insurance Premium Payment?
Missing a term insurance premium doesn't immediately cancel coverage. A grace period allows for payment, and nominees can receive benefits if death occurs. Unpaid premiums after the grace period cause the policy to lapse, stopping life cover. Lapsed policies can be revived within five years, often requiring health checks.
Economic Times
Developing·28m ago
RBI Pushes for Interoperability in Trade Receivables e-Discounting System
The Reserve Bank of India is advocating for interoperability within the Trade Receivables e-Discounting System (TReDS). This initiative aims to prevent business concentration among a few entities, drawing parallels to early issues on the UPI platform. Industry discussions and a process note have been shared.
Economic Times
Developing·29m ago
Flipkart Extends Zero-Commission Model to All Fashion Items
Flipkart has removed commission fees for all fashion items, regardless of price, to attract Gen Z consumers and expand its product offerings ahead of the festive season. This move builds on its existing zero-commission policy for products under Rs 1,000 and its Shopsy platform.
Economic Times
Developing·30m ago
Amazon and Flipkart Sales Kick Off Mid-Year Sale Cycle with Mixed Results
Amazon's Prime Day and Flipkart's GOAT sales have launched the mid-year sale period with varied outcomes across product categories. These sales, running from July 4-6 and July 4-9 respectively, are seen as indicators for the crucial festive season ahead.
Economic Times
Developing·1h ago
Funeral Expenses in Rawalpindi Become Unaffordable, Pushing Families into Debt
Rising inflation in Rawalpindi, Pakistan, has made funeral and burial costs unaffordable for low-income families, forcing them to take out loans for burial rites. Despite economic growth, the financial burden on citizens remains high due to government budget priorities and IMF commitments.
Economic Times