NEW DELHI: Japanese imaging and optical products major Canon believes that it has a good opportunity in India for its semiconductor lithography equipment required for chip fabrication, and it is in negotiations with companies setting up facilities here, said its India President and CEO Toshiaki Nomura.Though Canon did not disclose names, it said there are…
MUMBAI: Rohan Mirchandani, co-founder at yoghurt brand Epigamia, passed away on Dec 21 at the age of 42 due to a sudden cardiac arrest, the company said in a statement.Mirchandani, an alumni of The Wharton School and NYU Stern School of Business, set up Epigamia parent Drums Food International in 2013. He introduced the flavoured…
MUMBAI: The IPO for Sri Lotus Developers & Real Estate is sure to be a star-studded affair. From super starts like Amitabh Bachchan and Shah Rukh Khan, to other big names like Ajay Devgn, Hrithik Roshan, Sara Ali Khan, Ektaa Kapoor, Tiger Shroff and Rajkumar Rao, all have recently bought small stakes in the company….
BENGALURU: Freshworks founder Girish Mathrubootham recently sold shares in the software-as-a-service company worth nearly $40 million, according to US SEC filings.Mathrubootham sold 2.5 million shares in two tranches on Dec 18 and 19, reducing his stake in the company from approximately 5% to around 4%. Source link
BENGALURU: Fraudsters are buying electric vehicles (EVs) on finance, selling the vehicle’s new battery, which is often more than 50% of the cost of the vehicle, by installing a used one, defaulting on payments, and surrendering the vehicle.This is seriously impacting the business of financiers, since the vehicle they receive is of considerably lower value…
NEW DELHI: Toothpastes and toilet soaps, traditionally focused on functionality, are now shifting their emphasis to ingredients, reflecting a broader consumer preference for natural and plant-based ingredients. FMCG players and research agencies point out that the trend is becoming more pronounced, with this spilling over into haircare and other personal care products. Recent product launches…
JAISALMER: Cigarettes could be among the first products to be brought under the “track and trace mechanism” that was cleared by the GST Council on Saturday, with pan masala also being a likely candidate for inclusion.The Council led by FM Nirmala Sitharaman has cleared amendments to the Central GST Act to empower govt to enforce…
JAISALMER: The GST Council on Saturday decided to waive tax on gene therapy used to treat cancer and reduced the levy on fortified rice kernels used in PDS to 5%, but deferred a call on lower rates for health and term assurance and food delivery services as more consultations were required.The all-powerful panel led by…
MUMBAI: Former finance minister Arun Jaitley had encouraged Raghuram Rajan to take decisive action on cleaning up bad loans of Indian banks, the former RBI governor said in a recent interview to a news portal and asserted that the build-up of non-performing assets (NPAs) in the banking sector, worsened by corruption, delayed clearances, and the…
GST council has sanctioned a rate increase to 18% from 12% for transactions involving the sale of old and used cars. GST Council Meeting latest update: The ongoing 55th GST council meeting in Jaisalmer is addressing crucial taxation matters, including revisions for AAC blocks, fortified rice and flavoured popcorn categories.According to ET’s Deepshikha Sikarwar, the…
