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The Dollar Business Bureau  Telecommunication conglomerate Verizon concluded the $4.5 billion deal of Yahoo’s takeover on Tuesday, ending the web company’s 21-year history as an independent entity. The deal also brings to an end the  5-year rule of Yahoo’s CEO Marissa Mayer, who is not joining the new company. She will take a compensation package presently worth around $127 million that includes severance pay and stock awards which will be fully conferred with the completion of deal. The properties of Yahoo including its email, finance and Tumblr will be joined with AOL, which Verizon purchased in 2015. The joint corporate entity covering over 50 media, advertising and technology brands will now be called Oath. The new entity will be led by Tim Armstrong, the former ...

By Abin Daya It just might be that things are slowly falling in place for the Indian economy. The Nikkei Purchasing Manager’s Index for Manufacturing and Services has positive news, both in performance and sentiments. What we now need is better capacity utilisation leading to improvement in private investment. A good monsoon this year should create that. Some indication of that is also seen in the performance of the infrastructure industries during the month of March. Performance improved from 1% growth in Feb, to 5% growth in Mar, though it was far from the 9.3% growth achieved a year back. While growth for the full year improved from the previous FY, the fertiliser industry seems to have been badly affected. One topic that ...

The Dollar Business Bureau The government has extended the period of services export for rewards under the Services Exports from India Scheme (SEIS) upto March 31, 2017. Currently, the services and rates of rewards were applicable only for services exports made between April 1, 2015 and March 31 2016. “The earlier notified period of services export rendered between 1-4-2015 to 31-03-2016, as per the list comprising rates and conditions for rewards under the SEIS notified vide Public Notice No.3/2015-20 dated April 1, 2015 as amended vide Public Notice no.42/2015-20 dated 26.10.2015, is extended upto 31.03.2017,” the Directorate General of Foreign Trade (DGFT) said in a notification on Friday. The list of services/rate is subject to review with effect from April 1, 2017, the notification ...

Interview by Sisir Pradhan | The Dollar Business The Dollar Business (TDB): Why should media and entertainment be a part of Make in India, which looks at the larger economy from manufacturing point of view and developing infrastructure? Are you surprised that Prime Minister Narendra Modi has also earmarked media and entertainment as one of 25 sectors under the Make in India initiative? Jagi Mangat Panda (JMP): Not at all! Because I don’t think it should be only manufacturing, I believe that any large industry which is capable of generating millions of jobs should be a part of Make in India campaign. I was happy to see and pleasantly surprised to see media and entertainment sector has been included in ...

Himanshu Vatsa | The Dollar Business  The government must bring a separate policy with a set of guidelines for brand endorsement involving influential personalities as part of promotional campaigns of any product, a traders’ body has said. According to the Confederation of All Indian Traders (CAIT), the row over Nestle’s noodle— Maggi— has provided an opportunity for the government to formulate a stringent policy for brand endorsement. “When there is a mass scale of brand endorsement being done by celebrities, there should be a policy for brand ambassadors in the larger interest of consumers. Several developed countries including the US already have laws to deal with this issue,” said Praveeen Khandelwal, Secretary General of CIAT. Speaking to The Dollar Business, Khandelwal ...