Business
Used-Car Sales In India To Cross One Crore Annual Mark By 2030: Report
NEW DELHI: The Indian used-car market is expected to cross 1 crore sales mark annually by 2030 with offtakes increasing across both urban and smaller towns, according to a report by CARS24. As per the ‘Gear of Growth: The 2024 Indian Used-Car Market Report’, Maharashtra, Uttar Pradesh and Delhi...
RBI Monetary Policy Committee Member Nagesh Kumar Advocates Two Inflation Rates
NEW DELHI: RBI Monetary Policy Committee member Nagesh Kumar has suggested that there should be two inflation rates – one including food prices and the other without food prices – so that relevant rates could be taken into account for policy making. Chief Economic Advisor V Anantha Nageswaran in...
EPFO Adds 14.63 Lakh Net Members In November
NEW DELHI: Retirement fund body EPFO has added 14.63 lakh net members in November 2024, a growth of 4.88 per cent over the same month last year, according to the latest payroll data. The growth in net member additions signifies increased employment opportunities and heightened awareness of employee benefits,...
Some Equity Research Firms Shutting Shops After SEBI’s New Guidelines On Research Analysts
NEW DELHI: Markets regulator SEBI’s new guidelines on research analysts (RAs) are forcing several equity research firms publicly announcing plans to shut down their shops due to heightened compliance and operational requirements. The Securities and Exchange Board of India (Sebi), on January 8, came out with guidelines for Research...
Hindustan Unilever Stock Declines Nearly 4 Per Cent After Earnings Disappoint Investors
NEW DELHI: Shares of Hindustan Unilever Ltd declined nearly 4 per cent in the morning trade on Thursday after the FMCG major’s December quarter earnings failed to cheer the investors. The scrip of the company fell 3.8 per cent to Rs 2,253.85 apiece on the NSE. On the BSE,...
Irregularities Found In One Rupee Crop Insurance Scheme For Farmers
MUMBAI: Maharashtra Agriculture Minister Manikrao Kokate has admitted irregularities in the implementation of the one rupee crop insurance scheme for farmers, noting places of worship were shown as agricultural lands to claim benefits. More than four lakh crop insurance applications, some filed even by those residing outside Maharashtra, have...
Govt Draft E-Commerce Norms Need Tweaks To Suit Varied Biz Models: Experts
BENGALURU: Even though the government’s draft guidelines for ecommerce (ecom) platforms, which mandate self-regulatory measures to protect consumers from fraudulent practices, are well-intentioned, they must be tailored to accommodate the diverse business models adopted by different ecom companies, according to industry executives and experts. The draft guidelines, titled “E-commerce...
SEBI Plans Sips As Low As 250 To Widen Mutual Funds Reach
MUMBAI: Markets regulator Sebi on Wednesday proposed to launch monthly systematic investment plans (SIPs) for ticket size as low as Rs 250, aiming for wider financial inclusion. Calling this sachetisation of mutual funds, Sebi would partially subsidise the costs incurred by all the intermediaries for these small-ticket SIPs, it...
Executive Orders Signed By Trump Unlikely To Impact Budget 2025: Economists
NEW DELHI: A slew of sweeping executive orders signed by US President Donald Trump on the first night of his second presidency is unlikely to have a huge impact on the Budget as the government has factored in the broad policy action, according to economists. The economists, however, say...
India Hopeful Of Sector-Specific Deals As US Tariff Action Looms
NEW DELHI: India is evaluating multiple options to cope with the Trump 2.0 administration’s imminent tariff policies, including a truncated bilateral trade deal, and sector-specific give-and-take arrangements, official sources said here on Wednesday, requesting anonymity. The sources, however, maintained that no action plan has been firmed up yet. Decisions...
Major Relief To Mauritius Investors As Tax Board Clarifies On New Rule
NEW DELHI: In a major relief for foreign investors in India from Mauritius, Singapore and Cyprus, the Central Board of Direct Taxes (CBDT) has clarified that investments from these countries made prior to April 1, 2017 would be eligible for benign or zero capital gains tax, irrespective of whether...
Asset Monetisation Scheme 2.0 With Rs 2-Lakh Crore Annual Target On The Cards
NEW DELHI: With the current National Monetisation Pipeline (NMP) programme ending in March this year, the Centre may announce its next phase with annual asset monetisation goals of Rs 2 lakh crore for the next 4-5 years, to mobilise capital for investments and re-investments. The government had set an...
Petroleum Minister Sees Chances Of Higher Oil Imports From The US
NEW DELHI: India on Tuesday welcomed US president Donald Trump’s statement after assuming office to ramp up oil and gas production by the world’s largest economy, and “export American energy all over the world.” “There is a possibility of more energy purchase between India and U.S.,” minister for petroleum...
IDBI Selloff Picks Up Pace As Suitors Get Data Access
NEW DELHI: IDBI Bank’s potential suitors have been granted confidential data access to carry out due diligence on the lender after a 12-month hiatus, during which their applications underwent government scrutiny, said people familiar with the matter. The development marks a step forward in the disinvestment process, through which...
US Global ‘Supplemental Tariffs’ To Target Trade-Surplus Countries
NEW DELHI: After assuming office as the 47th president of the United States, Donald Trump laid out an “America First Trade Policy”, which includes imposing global “supplemental tariffs” to address what he termed “unfair and unbalanced trade”. He also threatened a 100 per cent tariff on BRICS nations, including...
SEBI Proposes Pre-Listing Trading For Initial Public Offerings
MUMBAI: In a bid to curb grey market activity, the Securities and Exchange Board of India (SEBI) is working on a regulated trading mechanism that would enable investors to sell shares once they are allotted in an initial public offering (IPO), chairperson Madhabi Puri Buch said on Tuesday. Buch...
Bridgestone India Expects Seven-Eight Per Cent Growth In Replacement Demand In 2025
MUMBAI: Bridgestone India is expecting around seven-eight per cent growth in the replacement demand this calendar year after seeing a disruption owing to multiple factors in 2024, a top company executive has said. The Indian arm of the Japanese tyre company Bridgestone Corporation also said that along with increasing...
Chemical Industry Seeks Tweaking In Customs Duties In Budget
NEW DELHI: The chemicals industry has sought tweaking in customs duties in the forthcoming Budget on certain products such as Polyethylene Terephthalate and Polyvinyl Chloride with a view to cut imports from China and boost domestic manufacturing. China is currently the world’s biggest exporter of key products like Polyethylene...
