Online fashion retail company Myntra is going to make changes to its fee structure on product returns for customers with high return rates, The Economic Times (ET) has reported.

The experiment is being introduced under a project called "return-as-a-service" and it comes a few months after Myntra applied a flat "convenience fee" ranging from Rs 199 to Rs 299 on every order made by customers with a high rate of product returns, the report said.

The Union Cabinet cleared the women’s reservation Bill in its meeting late Monday evening.

“Only the Modi government had the moral courage to fulfil the demand for women’s reservation, which was proved by the approval of the Cabinet. Congratulations PM Narendra Modi and congratulations to the PM Modi government,” tweeted Prahlad Singh Patel, minister of state for food processing industries.

Canada expelled a top Indian diplomat Monday as it investigates what Prime Minister Justin Trudeau called credible allegations that India's government may have had links to the assassination in Canada of a Sikh activist.

Trudeau said in Parliament that Canadian intelligence agencies have been looking into the allegations after Sikh leader Hardeep Singh Nijjar, a strong supporter of an independent Sikh homeland known as Khalistan, was gunned down on June 18 outside a Sikh cultural centre in Surrey, British Columbia.

The Ministry of Finance on Monday okayed a series of welfare measures for the benefit of Life Insurance Corporation of India (LIC) agents and employees, such as a raise in gratuity limit, eligibility for renewal commission, and term insurance cover.

The measures are related to the amendments made to the LIC (Agents) Regulations, 2017, Enhancement of Gratuity Limit, and Uniform Rate of Family Pension among others.

The National Investigation Agency on Saturday raided 31 locations in Tamil Nadu and Telangana to thwart a radicalisation and recruitment campaign by proscribed global terror group ISIS, an official said.

Several digital devices, documents and incriminating books in vernacular and Arabic languages, and Rs 60 lakh as well as USD 18,200 in cash were seized during the searches, a spokesperson of the federal anti-terror agency said.

Franklin Templeton Mutual Funds (FT MF) deserves credit for the way they managed to tide over the debt crisis in the wake of Covid-19 in 2020, veteran banker Deepak Parekh said at an FT MF event in Mumbai on Friday.

FT MF had wound up six of its debt schemes in April 2020, citing redemption pressure amid a lack of liquidity in the bond market.

Ahead of Prime Minister Narendra Modi's birthday on September 17, Yoga followers hosted four 'yog shivirs' in Gujarat's Rajkot to create awarness among the people for yoga. The two-day event held to celebrate PM Modi's 73rd birthday was attended by more than 500 people in Rajkot.

Similar Yog Shivirs were also held across Gujarat by different teachers and various institutes, where thousands of people from all age groups participated in the shivirs, and mass Surya Namaskar programme was performed.

FMCG major Dabur India said on Friday that it is planning to grow its Home and Personal Care (HPC) segment in double digits and targeting revenue of Rs 7,000 crore in the medium term. The company is also targeting Rs 5,000 crore in sales from its healthcare segment.

Both the verticals, HPC and healthcare, part of the care segment, are major contributors to Dabur's business. In FY23, they accounted for 56.2 per cent of the consolidated sales of Dabur, which were Rs 11,530 crore.

The price of 24-carat gold rose Rs 220 during Saturday's early trade, with ten grams of the precious metal selling at Rs 59,670, according to the GoodReturns website. Silver jumped Rs 500 with 1 kg of the precious metal selling at Rs 74,000.

The price of 22-carat gold rose Rs 200, with the yellow metal selling at Rs 54,700.

The United Kingdom on Friday announced a joint investment package with Tata Steel worth £1.25 billion (about $1.55 billion), including a government grant of £500 million ($621 million,) to secure the future of Port Talbot operations in Wales — the country’s largest steelworks — giving a fresh lease of life to the structurally weak business.

The joint investment package said to be the largest in the UK steel industry in decades would pave the way for greener steelmaking at the Welsh unit, by replacing coal-powered blast furnaces nearing the end of their effective life with a state-of-art 3 million tonne electric arc furnace (EAF).

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