NEW DELHI: An increasing number of C-suite executives have a positive perception of GST with many highlighting further reforms like rationalising tax rates and effective dispute resolution process as focus areas to usher in GST 2.0, a Deloitte survey said on Wednesday. The Deloitte GST@7 survey, engaging C-suite and...
MUMBAI: German auto component supplier ZF Group on Wednesday said it has sold a 7.5 per cent stake in its Indian subsidiary ZF Commercial Vehicles Control System (CVCS) India to increase liquidity and financial flexibility for growth. The sale of shares has no effect on ZF’s control over ZF...
NEW DELHI: Farm equipment and construction equipment firm, Escorts Kubota Ltd on Wednesday said it has withdrawn its plan to set up a new manufacturing plant at Ghiloth in Rajasthan due to failure to meet all the key requirements for a large-scale project. The company, which has lined up...
NEW DELHI: Fitch Ratings on Tuesday raised its growth estimates for India by 20 basis points to 7.2 per cent — same as that of the Reserve Bank of India (RBI) — citing positive economic outlook driven by recovering consumer confidence and increased investment. “Investment will continue to rise...
NEW DELHI: The government is undertaking a revamp of the production linked incentives (PLIs), by relaxing the norms for release of funds, adding more sectors under the scheme’s ambit, and extending the benefits to MSMEs in many labour-intensive sectors via special carve-outs. The restructuring would also include incentives for...
NEW DELHI: In a move to familiarise state governments with the new labour codes, the Ministry of Labour & Employment plans to conduct a training workshop for state government labour officials in the coming months, according to sources familiar with the matter. “In our discussions with state officials, it...
NEW DELHI: The National Financial Reporting Authority (NFRA) will wrap up its first annual inspection of eight audit firms – including the Big Five – and reveal its findings by October or November, people aware of the auditing regulator’s plans said. The inspection, focused on the processes and standards...
NEW DELHI: Key infrastructure sectors including renewable energy and roads and real estate are expected to see an investment growth of approximately 38 per cent in fiscals 2025 and 2026, in comparison to previous two fiscals to Rs 15 lakh crore, stated a report by CRISIL Ratings. The surge,...
NEW DELHI: Notwithstanding the fact that a significant percentage of professionals in India say that their company is doing enough to cultivate a culture of learning, 9 in 10 professionals find it hard to prioritise learning due to work and family commitments, says a report. According to new research...
NEW DELHI: Google on Tuesday said its AI assistant Gemini is now available as an app for Android smartphone users in India with support for English, Hindi and eight other Indian languages. For iPhone users, access to Gemini will be rolled out through the Google app over the next...
NEW DELHI: State-owned NBCC (India) Ltd has bagged a Rs 70 crore project from Grid Controller of India for executing interior works in new corporate office in the national capital. In a statement, NBCC said it has inked a memorandum of understanding with Grid Controller of India Ltd (Grid-India)...
NEW DELHI: Average monthly rent for residential properties has risen 2-4 per cent so far this quarter compared with the January-March period across seven major cities, according to Anarock. Real estate consultant Anarock said that the growth in housing rent across the top seven cities — Delhi-NCR, Mumbai Metropolitan...
NEW DELHI: Capital markets watchdog Sebi has started the process to recruit an executive director and invited applications to fill the vacancy. The Securities and Exchange Board of India (Sebi) has invited applications for the post until July 18. The appointment of executive director will be on a deputation...
NEW DELHI: India’s merchandise trade deficit widened to a seven-month high of $23.78 billion in May due to burgeoning imports, particularly of petroleum, vegetable oils, and transport equipment. The data released by the commerce department on Friday showed merchandise exports grew 9.13 per cent to $38.13 billion while imports...
NEW DELHI: Wholesale inflation rose to a 15-month high of 2.61% in May from 1.26% in April as food inflation rallied further and global metal prices fed into manufactured product inflation, data released Friday showed. Manufactured products, which account for nearly two-thirds of weight in the Wholesale Price Index...
MUMBAI: As India tries to grow faster, the country needs to grapple with “unfavourable” factors like slowing globalisation, divisive world politics and the raging issue of climate change, Chief Economic Adviser V Anantha Nageswaran said on Friday. China, which grew at almost double digits between 1980 and 2015, did...
NEW DELHI: To encourage social sector spending, markets regulator Sebi has suggested that the government should allow tax benefits to companies investing in zero coupon zero principal bonds issued by not-for-profit organisations listed at the social stock exchange. Talking to reporters here on Friday, Sebi’s Whole Time Member Kamlesh...
NEW DELHI: After adding 11.7 million workers in the October 2022-September 2023 period from the pandemic lows in April 2021-March 2022, total workers employed in the vast informal sector in India — at 109.6 million — still remains below the pre-pandemic period. This is according to the latest fact...