As many as 448 notices were served to e-Commerce entities for violations of the declaration during the last one year and nine months and approx Rs 78 lakh penalty was charged from companies as compounding fees for violation of the declaration, the Ministry of Consumer Affairs, Food and Public Distribution informed on Wednesday.

The Union Minister Ashwini Kumar Choubey in a written reply to a question in Lok Sabha on Wednesday informed that the Legal Metrology (Packaged Commodities) Rules 2011 under the Legal Metrology Act, 2009 provides that an E-Commerce entity shall ensure that name and address of the manufacturer or packer or importer.

Netflix Inc. may have calmed investors’ worst fears with a second-quarter subscriber loss that was better than expected, but a closer look at the streaming giant’s results indicate it still faces significant hurdles.

Wall Street cheered Tuesday’s subscriber numbers, which were only half as bad as the company forecast. Netflix also projected a return to subscriber growth in the current quarter. The shares rose 7.4 per cent on Wednesday and the positive sentiment lifted other media stocks, including Walt Disney Co and Paramount Global.

Top executives of eight domestic tech firms, including Paytm founder Vijay Shekhar Sharma and Oyo founder Ritesh Agarwal, will appear before a key parliamentary panel on Thursday to discuss the market behaviour of technology platforms amid rising anti-competition concerns.

BJP leader and former Union minister Jayant Sinha-chaired Parliamentary Standing Committee on Finance has been looking into various aspects of competition in the marketplace, especially with respect to technology majors.

UPSC recommended 4,119 candidates for different central government jobs during 2021-22, the lowest in 10 years, according to a Personnel Ministry data made public in Lok Sabha on Wednesday.

"Every year, the Union Public Service Commission (UPSC) conducts its examinations as per the programme of examinations (calendar) year notified by the Commission well in advance for a calendar year," Union Minister of State for Personnel Jitendra Singh said in a written reply.

Diversified conglomerate ITC Limited on Wednesday said that the company will continue to deliver robust growth despite key concerns such as inflation.

Speaking at the company's AGM virtually, CMD of ITC Sanjiv Puri said that in the FMCG space, the firm has nurtured 25 brands and the newer ones will garner an annual consumer spend of Rs 24,000 crore.

Rajarshi Gupta has taken over as Managing Director of ONGC Videsh Ltd (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC).

He replaces Alok Gupta who superannuated last month.

The government on Wednesday slashed the newly-introduced windfall tax on petrol, diesel, aviation fuel, and crude oil following global oil price ease from a sharp spike.

The move, which is effective from July 20, will give relief to top fuel exporters like Reliance Industries, and oil explorers like Oil and Natural Gas Corporation (ONGC).

The Central Bureau of Investigation has named 41 people, including senior officials of Eastern Coalfields Limited, in its charge sheet filed at a court in West Bengal's Asansol in a multi-crore coal pilferage scam.

Among others who find mention in the charge sheet are private companies and unknown officials of the CISF and Railways, a CBI statement said.

Amazon has filed a lawsuit against administrators of more than 10,000 Facebook groups it accuses of coordinating fake reviews in exchange for money or free products.

The Seattle-based e-commerce giant said in a statement posted on its website Tuesday the Facebook groups were set up to recruit people willing to post incentivized and misleading reviews across its stores in the U.S. the UK, Germany, France, Italy, Spain and Japan.

Marriott International has signed an agreement with BeeKay Group to bring five new hotels to Jharkhand and West Bengal, the company said in a statement on Monday. Slated to open between 2024 and 2026, the agreement is expected to add more than 700 rooms to Marriott International’s existing portfolio in the country.

Marriott's Le Méridien brand is expected to debut in East India with the opening of Le Méridien Ranchi. Other planned openings include Courtyard by Marriott Asansol, Fairfield by Marriott Maithon, Fairfield by Marriott Ranchi, and Fairfield by Marriott Deoghar.

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