NOIDA: The Noida International Airport is expected to launch its flight service by April 2025, missing its September 2024 deadline due to construction delays. Recently there were reports of delay in construction works at the greenfield airport coming up in the Jewar area of Uttar Pradesh’s Gautam Buddh Nagar...
NEW DELHI: With retail inflation nearing the RBI’s target of 4 per cent, the monetary policy needs to shift focus on promoting growth, RBI MPC member Jayanth R Varma said on Monday. Varma further said CPI inflation in 2024-25 is projected to be only about 0.5 percentage point above...
NEW DELHI: Industry body India Energy Storage (IESA) has demanded that the government reduce the goods and services tax (GST) on batteries and electric vehicles charging infrastructure services as well battery swapping. Ahead of the India Energy Storage Week 2024 (IESW) in New Delhi from July 1-5, 2024, the...
MUMBAI: Passenger vehicle sales is projected to grow at a moderate 3-5 per cent this financial year on account of a high-base effect of FY24, shrinking order book and subdued demand for entry-level variants, a report said on Monday. According to the report by credit ratings agency CareEdge, following...
MUMBAI: The Goods and Services Tax (GST) Council’s decision to not levy tax on co-insurance premium and reinsurance commission retrospectively will be a consolation for general insurance companies, experts said. The 53rd GST Council headed by Finance Minister Nirmala Sitharaman on Saturday announced that no tax will be levied...
NEW DELHI: The finance ministry is assessing the possibility of raising the standard deduction limit for income taxpayers under the new regime, without tinkering with the exemption-laced older regime. Besides, as the NDA govt readies to present its first Budget of its third term, it is unlikely to undertake...
MUMBAI: E-commerce platforms are stepping up product checks in their dark stores and warehouses to ensure consumer safety amid a spate of instances of food contamination. Plans are afoot to rejig internal policies, with some platforms even willing to delist sellers in case of repeated violation of safety protocols...
NEW DELHI: The Goods and Services Tax (GST) Council’s decision to provide tax exemption on corporate guarantees in two scenarios – transactions that qualify as “export of services” and recipients who can claim full input tax credit – may not provide any relief to the power or real estate...
NEW DELHI: To curb the surge in import of edible oils, which has adversely impacted domestic oilseed prices, the Commission for Agricultural Costs and Prices (CACP) in the agriculture ministry has recommended a “dynamic import duty structure” for these farm goods. The proposed tariff system will be based on...
MUMBAI: The Securities and Exchange Board of India (Sebi) is expected to soon come out with a series of proposals that will provide significant regulatory relaxations to registered investment advisors (RIAs), said sources close to the development. The consultation paper, which is expected in July, is likely to eliminate...
NEW DELHI: Almost a third of India is under “severe financial stress” and consumers are finding it difficult to manage their expenses though inflation has eased, said a new report by Kantar on Friday, adding the rural market was a “bright spot”. “Inflation might have slowed down to acceptable...
NEW DELHI: The Centre will announce the results of its maiden round of critical mineral auctions, initiated in November last year, on Monday. The Ministry of Mines will also launch the fourth round of auctions of around 15 blocks on the same day, Business Standard has learnt. Results for...
NEW DELHI: The rapid deployment of 5G across India has led to a jump in data usage, which has put mobile phone networks under strain and dragged down download speeds, mobile analytics company Opensignal said in a report. The average download speeds in the first quarter of 2024 on...
KOLKATA: Associations of tea producers in Asia and Africa have flagged concerns over the global mismatch of demand and supply and called for an early restoration of equilibrium, according to a statement issued by a planters’ body on Friday. In a meeting of the stakeholders of the global tea...
NEW DELHI: Rural India remains a “bright star” for the growth of fast-moving consumer goods sales and the region is expected to maintain better pace of expansion than urban areas in the second quarter of 2024, a report said on Friday. According to a report from data, insights and...
NEW DELHI: Hindustan Zinc Ltd on Friday said it has partnered with US-based AEsir Technologies, Inc for development of next-generation zinc batteries. The company has signed a memorandum of understanding (MoU) with AEsir Technologies, Inc., a company that specialises in next-generation zinc battery technologies, to be the preferred supplier...
NEW DELHI: Sun Pharmaceutical Industries on Friday said it has inked a licensing pact with Takeda Pharmaceutical Company to commercialise a novel gastrointestinal drug in India. The company has entered into a non-exclusive patent licensing agreement with Takeda to commercialise Vonoprazan tablets in strengths of 10 and 20 mg...
NEW DELHI: The average Indian household’s consumption of bottled soft drinks has increased in the last two years, breaching annual penetration of 50 per cent in FY24, a report said. According to the latest Kantar FMCG pulse report, this trend is expected to rise further with intensifying summer. It...