NEW DELHI: The need to get back to 7-8% growth against the backdrop of global challenges, geopolitical tensions and to ensure that the country remains on track to reach developed nation status by 2047 dominated deliberations at a meeting of economists with PM Modi Tuesday.At pre-Budget consultations under the theme – ‘Maintaining India’s growth momentum…
NEW DELHI: As Nissan and Honda look to work out a strategy to combine businesses for survival and higher competitiveness, they are not alone in striking collaborations. Indian car companies and two-wheeler players are increasingly going for tie-ups and joint ventures as they try to strike synergies for efficient product and platform development as well…
NEW DELHI: While maintaining that only registered businesses involved in sale and purchase of vehicles, govt sources have said goods and servcies tax (GST) of 18% will be applicable on the margin of sale – the difference between the price at which the vehicle was bought by the business and the price realised on sale.So,…
NEW DELHI: Small businesses across manufacturing, trade and services in the country employed more than 12 crore workers between Oct 2023 and Sept this year, adding more than one crore employees since 2022-23, while total number of units rose from 6.5 crore to over 7.3 crore in 2023-24, highlighting the crucial sector’s recovery from the…
MUMBAI: The rupee weakened to its all-time low for the sixth consecutive trading session on Tuesday as a rise in US bond yields boosted the dollar and strong demand for the greenback from importers added to the lingering pressure on the local currency.The rupee declined to 85.21 against the US dollar, eclipsing its previous record…
NEW DELHI: Amid rising expectations of higher tariffs on Chinese goods, exporters are in talks with govt to be ready to tap into possible opportunities across at least half-a-dozen sectors, ranging from textiles and leather to chemicals, electronics, auto parts and toys, by partnering American trade bodies and creating awareness about Indian products in the…
MUMBAI: India’s insurance penetration, which is measured as a ratio of annual premium to GDP, dipped in FY24 for the second year in a row after touching a peak of 4.2% in the wake of Covid.According to regulator Irdai’s annual report released on Monday, India’s insurance penetration was 3.7% in FY24 compared to 4% in…
MUMBAI: India’s economic growth is likely to improve in the second half of the current fiscal, driven by festive activity and an upswing in rural demand, RBI’s state of the economy report said. It also expects a moderation in the prices of food items, including rice, pulses, and vegetables.“Going forward, high-frequency indicators available so far…
CHENNAI: Close on the heels of the Competition Commission of India (CCI) approving UltraTech Cement‘s acquisition of India Cements, the latter has announced that it has become a subsidiary of UltraTech. The development will facilitate UltraTech adding India Cements’ 14.5 million tonnes capacity spread across Tamil Nadu, Telangana, Andhra Pradesh, and Rajasthan to its consolidated…
BENGALURU: Fintech unicorn Razorpay on Monday said it is extending employee stock options (ESOP) worth Rs 1 lakh to each of its over 3,000 staffers.“This marks the first time Razorpay has extended ESOPs of this magnitude, offering each current employee shares worth Rs 1 lakh. This initiative reflects our deep-rooted commitment to an employee-first ethos,…
