NEW DELHI: The Union Budget FY25 should focus on offering relief to taxpayers, especially in the lower income brackets, to stimulate consumption, industry players suggested. Finance Minister Nirmala Sitharaman is scheduled to present the full Budget for fiscal 2024-25 on July 23 which will be the first major policy...
KOLKATA: Retail prices for vegetables, eggs, and poultry meat remain high in Kolkata markets, causing suffering for the common man. Tomato prices have soared to Rs 80-100 per kg from Rs 45-50 a month ago, while Brinjal is selling for Rs 110-140 per kg, a jump of nearly 150...
NEW DELHI: German luxury carmaker Mercedes-Benz on Monday reported a 9 per cent growth in sales at 9,262 units in India in the first half of 2024, its highest ever half-yearly sales in the country, riding on strong demand across categories and availability of volume models. The company had...
NEW DELHI: The Artificial Intelligence (AI)-Powered Skill India Digital Hub (SIDH) Masterclass, held last week, showcased remarkable global participation, with notable engagement from South African countries. Interestingly, a few from Pakistan and China also took part under India’s flagship skilling platform SIDH. This significant event on July 4, focusing...
MUMBAI: The ‘silence’ of many ‘portfolio management service’ (PMS) firms has raised the regulator’s hackles in a runaway market. The Securities and Exchange Board of India (Sebi) is unable to reach out to a large number of PMS service providers who are not responding to queries, said a senior...
NEW DELHI: The Union Budget for 2024-25 may announce a set of measures to placate the middle class, and the low-income population, which are hit by sticky food inflation and an income stagnation. While policymakers are working out the incentives, official sources said these could include personal income tax...
MUMBAI: The telecom sector workforce growth in FY25 is expected to taper down to around 30% to 6.79 million, just a tad below 31% in FY24, but sharply lower than the 51% in FY23, reflecting the slowing capex of the country’s two large operators – Reliance Jio and Bharti...
NEW DELHI: India Inc is expected to post good profit numbers for the April-June quarter, with sectors like automobiles, banking, metals, capital goods and pharmaceuticals doing reasonably well during the period. Information technology (IT) players are also expected to chip in with a decent performance thanks to an improving...
NEW DELHI: An exporter in Chennai, who runs multiple units, was forced to deregister one of the entities that was registered on Udyam – the portal for micro, small and medium enterprises – as some large buyers did not want to be caught in govt mandate requiring actual payment...
NEW DELHI: With the new government taking charge in Britain, senior officials of India and the UK will hold the next round of talks this month for the proposed free trade agreement to resolve the pending issues and close the negotiations, an official said. The India-UK talks for the...
NEW DELHI: As many as 73 per cent Indians prefer to read ingredient lists and nutritional value before purchasing any snack, reveals a new survey, highlighting the majority of Indians’ growing inclination towards healthy snacking. Based on a survey of over 6,000 people across India, the Healthy Snacking Report...
KOLKATA: The Sebi-appointed expert group on exchange-traded derivatives started discussions on seven proposals to address regulatory issues and protect small investors from risks in index and stock option trading, sources said. The panel members would recommend short-term strategies to bolster investor protection and improve risk metrics in this market...
NEW DELHI: India’s coal import rose 5.3 per cent to 52.29 million tonnes (MT) in the first two months of the ongoing fiscal as against the year-ago period. The country’s coal import was 49.62 MT in April and May in FY24, according to data compiled by mjunction services ltd...
NEW DELHI: Fast-moving consumer goods companies expect single-digit volume growth along with expansion in margins during the April-June quarter of this fiscal, helped by a revival in rural demand and a stable urban market. Listed FMCG companies such as Dabur, Marico and Adani Wilmar in their latest quarterly updates...
India’s export of petroleum products declined by 5% in June to 1.19 million barrels per day against 1.24 million barrels per day registered in May, data from energy cargo tracking firm Vortexa showed. On an year-on-year basis, exports fell over 8% in June. While exports to Europe rebounded by...
KOLKATA: Damodar Valley Corporation (DVC) on Friday announced that it has planned to invest Rs 20,000 crore by 2030 to install nearly 4,000 MW of solar capacity, a top official said. The corporation, created for flood control and development in the Damodar Valley, envisions investment worth Rs 50,000-60,000 crore...
NEW DELHI: Steel Authority of India Ltd will be investing Rs 6,500 crore towards capex during the current financial year as part of its Rs 1 lakh crore investment plan over the next few years, SAIL CMD Amarendu Prakash said on Friday. Speaking to mediapersons on the sidelines of...
NEW DELHI: An India-Russia joint venture that was set up to produce the AK-203 assault rifles has completed its first phase with the delivery of 35,000 sets to the Indian Army and the facility at Amethi is now fully equipped to produce the rifles in large numbers. The Amethi...