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,…
Franco Pereyra (Image credit: LinkedIn) Buenos Aires-based entrepreneur Franco Pereyra has stirred a debate with his perspective on the issue of pay disparities in global remote work. Pereyra, co-founder of Hire With Near, argued in a post on LinkedIn that paying overseas workers, from countries like India, less than their US counterparts isn’t inherently wrong….
Experts say that the resistance levels remain at 23,850-23,870, with a bearish gap at 24,000-24,150. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Tuesday. While BSE Sensex was above 78,500, Nifty50 was above 23,750. At 9:18 AM, BSE Sensex was trading at 78,540.17, up 47 points…
