Union minister for railways, information & broadcasting, and electronics & IT Ashwini Vaishnaw NEW DELHI: India’s mobile phone manufacturing sector has generated Rs 25,000 crore in direct tax collections, exceeding the Rs 19,000 crore paid out by the government as incentives under its production-linked incentive (PLI) scheme.Union minister for electronics and information technology Ashwini Vaishnaw…
Dalal Street’a movement will be guided by elevated crude oil prices, global market cues and the US Federal Reserve’s policy commentary, with investors also tracking Jio Platforms’ much-anticipated stock market debut. Earlier on Tuesday, benchmark indices ended nearly flat, as gains in broader market segments contrasted with weakness in banking, financial and IT shares. Rupee…
NEW DELHI: Following up on GST Council decisions, Central Board of Indirect Taxes and Customs has issued over half a dozen detailed circulars on steps to reduce litigation and appeals, issuing show cause notices to taxpayers and speeding up registrations and changes that businesses need to make. In addition, it has sought to address concerns…
Government has identified around 120 products for a domestic manufacturing push to cut import dependence (AI-generated image) NEW DELHI: Government has identified around 120 products, including intermediates and capital goods, for domestic manufacturing push and to reduce dependence on imports, with a separate plan for tunnel boring machines in the works after China imposed restrictions…
“This Trade Facilitation Portal is a landmark initiative,” said Piyush Goyal The India-US Trade Facilitation Portal has attracted around 3,500 registrations within months of its launch, commerce and industry minister Piyush Goyal said, highlighting its role in helping Indian exporters, particularly MSMEs and first-time exporters, connect with American buyers.In a post on X, Goyal described…
Indian equities are likely to start Tuesday’s session on a weak note, with high crude oil prices and uncertainty over the US Federal Reserve’s policy outlook keeping investors cautious. GIFT Nifty pointed to a lower opening for the Nifty 50 after the Sensex and Nifty gained 0.7% each on Monday, ending a four-session losing streak….
Meta Platforms Inc is seeking to raise as much as $95 billion from selling common and preferred stock, supporting its development in AI with one of the largest equity offerings in history. The company is offering about $35 billion of common and preferred stock, according to a statement Monday. It also plans to raise as…
MUMBAI: Tata Motors’ €3.91 billion (Rs 42,561 crore) acquisition of Italian commercial vehicle maker Iveco has cleared the key acceptance threshold, paving the way for the Indian group to take full ownership of the company and delist the stock from Euronext Milan.The offer secured acceptances representing 87.8% of Iveco’s shares by the close of the…
File photo: SBI chairman CS Setty during a press conference in Mumbai MUMBAI: State Bank of India expects interest rates to rise by 50 basis points in Dec, with chairman C S Setty saying higher rates could affect discretionary consumption credit demand but were unlikely to significantly dent overall credit growth given a 7.1% growth…
File photo: Commerce and industry minister Piyush Goyal HAGUE: Highlighting the growing regulatory burden in Europe, commerce and industry minister Piyush Goyal Monday said businesses wanted greater freedom, simpler procedures and less paperwork, while urging Dutch companies to deepen their engagement with India and tap opportunities in its expanding economy.Goyal said he had repeatedly raised…
