LONDON/NEW DELHI: India remains the world’s top arms importer and its imports increased by 4.7 per cent between 2014–2018 and 2019–2023, Swedish think tank SIPRI said in a new report on Monday. Russia continued as India’s main arms supplier, the Stockholm International Peace Research Institute (SIPRI) said, adding around...
BENGALURU: India Inc’s hiring sentiment for the April-June quarter is the highest across 42 countries covered in a global survey by workforce solutions company ManpowerGroup. The net employment outlook seen as a bellwether of labour market trends in India for the next quarter at 36% is 14 percentage points...
NEW DELHI: The government has abolished wireless operating licence and launched a regulatory sandbox for quick and online approval of product testing, Union Communications and IT Minister Ashwini Vaishnaw said on Monday. While speaking at the curtain raiser of the telecom sector event India Mobile Congress (IMC) 2024, the...
NEW DELHI: The Department of Pharmaceuticals has revamped a scheme which entails financial assistance to drug companies to help them upgrade their facilities to produce medicines conforming to global standards, an official release said on Monday. As per the revamped Pharmaceuticals Technology Upgradation Assistance Scheme (PTUAS), the government has...
MUMBAI: Sebi chairperson Madhabi Puri Buch on Monday said there are pockets of “froth” in small and mid-cap stocks which appear like “irrational exuberance” to the capital markets regulator. Buch also said that Sebi has evidence, pointing to signs of “price manipulation” in the small and medium enterprises (SME)...
NEW DELHI: AstraZeneca Pharma India Ltd and Mankind Pharma Ltd on Monday said they have entered into an agreement for exclusive distribution of the Symbicort brand, an asthma medicine, in India. Symbicort is owned by AstraZeneca, which will retain the intellectual property rights and will continue to be the...
NEW DELHI: Control Print Ltd on Monday announced the acquisition of 50.49 per cent in UK-based Codeology Group Ltd, a provider of print and apply systems, for £1 million (over Rs 10 crore). The acquisition will help Control Print get a toehold in the UK market, leading to new...
India on Sunday signed a trade and economic partnership agreement with the European Free Trade Association (EFTA) – a grouping of Switzerland, Norway, Liechtenstein and Iceland – that includes a binding $100-billion investment commitment. As part of the Trade and Economic Partnership Agreement (TEPA), EFTA has committed to promote...
NEW DELHI: The Centre may a draw up a comprehensive scheme to provide concessional capital support to the tune of Rs 1 trillion to private sector to encourage them to adopt indigenous deep-tech and cutting-edge technologies in defence, energy and electronics. The scheme, to be run for an initial...
While Tata Sons’ initial public offer (IPO) has been in focus for the past week, but there are five other companies who also have to launch their offers in slightly-over one year. These include companies like Bajaj Housing Finance and five other shadow banks including Piramal Capital and Housing...
NEW DELHI: Fast-moving consumer goods (FMCG) companies may hike prices by 2-3% by the second half of 2024-25, led by volatile commodity prices, notably of food and crude oil, and wage inflation. Small, calibrated price hikes may also boost price-led growth, which has been flat to negative for most...
MUMBAI: Nearly 665 million Indians or 45 per cent of the rural population did not have access to the internet as of 2023. Difficulty in understanding internet procedures, insufficient awareness of its benefits, and a lack of interest have emerged as the top reasons for a gap in internet...
NEW DELHI: The income tax department on Sunday said it has started sending emails and SMSs to assessees whose taxes paid during the current fiscal are not commensurate with financial transactions. The department is undertaking an e-campaign, which aims to inform such persons/entities of significant financial transactions, through email...
NEW DELHI: Many developed and developing countries including Bangladesh, Sri Lanka, and nations of the Gulf region are keen to start trade in rupee with India as it would help cut transaction costs for businesses, Commerce and Industry Minister Piyush Goyal has said. He expressed confidence that the development...
NEW DELHI: Premium spirits and wine importers’ body ISWAI has urged state governments to implement an inflation-based pricing model, highlighting that industry margins have shrunk due to a rise in raw material costs. As the cost of raw materials used to produce alcohol has gone up substantially and theP...
NEW DELHI: After delivering back-to-back innovations in fuel grades, Indian Oil Corporation (IOC) has now set sight on the Grand Prix and will in next three months start producing fuel used in adrenaline-pumping Formula One or F1, motor racing. The firm’s refinery at Paradip in Odisha will in three...
NEW DELHI: The combined market valuation of seven of the top-10 most valued firms climbed Rs 71,301.34 crore in the holiday-shortened last week, with Bharti Airtel emerging as the lead gainer. In a record-breaking rally last week, the BSE benchmark climbed 374.04 points or 0.50 per cent. Stock markets...
NEW DELHI: The Ministry of Corporate Affairs on Friday increased the asset and turnover thresholds for mergers and acquisitions of firms that would require the approval of the antitrust regulator, sparing small deals from mandatory scrutiny and reducing the compliance burden. According to a notification by the ministry, two...