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A vehicle drives past solar panels installed at the Adani Green Renewable Energy Plant in Khavda, Gujarat. | Photo Credit: AFP Shares of Adani Green Energy jumped 9% on Monday (December 2, 2024) morning after Adani group chairman Gautam Adani said his conglomerate was committed to compliances and “every attack makes us stronger” amid recent…
Read More “Adani Green Energy shares jump 9% in morning trade” »
Taxed at a significantly lower rate following the introduction of the concessional tax regime in 2019, India’s largest corporates may have saved over ₹3 lakh crore in tax payments since then. This is in addition to over ₹8 lakh crore in revenue foregone through various deductions granted to companies in the decade since 2012-13 (FY13)….
Read More “Tax cuts may have saved 3 lakh crore rupees for India’s largest corporates: Data” »
Image used for representative purpose only | Photo Credit: N. Bashkaran Factory activity expansion in India’s private sector fell to a joint-11 month low in November, while firms raised prices at the swiftest pace in over eleven years as input cost pressures began to bite, as per the survey-based HSBC India Manufacturing Purchasing Managers’ Index…
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The North East Tea Association said producers should be at liberty to sell their produce in whatever manner they feel comfortable. | Photo Credit: ANI GUWAHATI A February 26 gazette notification making it mandatory for producers to sell 100% of their dust teas through public auction was against the government’s much-vaunted policy of ease of…
The move comes amid a recent World Bank report which said women faced a sharp drop in their labour force participation post-marriage in India. Image for representation | Photo Credit: Getty Images The Centre will soon bring out a national policy document on female labour force participation with a focus on providing an enabling atmosphere…
Read More “Centre working on national policy paper on female labour force participation” »
Photo used for representation purpose only. Growth in Gross Goods and Services Tax (GST) revenues slowed to 8.5% in November from 8.9% in October, with the indirect tax receipts easing to a little over ₹1.82 lakh crore from ₹1.87 lakh crore in the previous month. However, net GST revenues, after factoring in refunds to…
Read More “Net GST revenues up 11.1% in November amid sharp drop in refunds” »
Neighbouring States such as Odisha and Jharkhand rely heavily on West Bengal for their potato supply. Representational file image. | Photo Credit: PTI Potato traders of West Bengal threatened to go on strike on Tuesday (December 3, 2024) if the State government does not lift restrictions on selling to other States. West Bengal recently re-imposed…
Representational image only. File | Photo Credit: Special arrangement Foreign investors pulled out ₹21,612 crore ($2.56 billion) from the Indian equity market in November, mainly owing to the rising U.S. bond yields, strengthening dollar and expectation of a slowdown in the domestic economy. While the sell-off continues, the quantum of net outflow significantly reduced compared…
Read More “FPIs’ selling spree continues in November at ₹21,612 crore” »
Adani Group chairman Gautam Adani speaks at an event in Jaipur on November 30, 2024. | Photo Credit: AP The story so far: Last week, the U.S. Department of Justice charged two officials of a renewable energy company listed in the U.S. in connection with a bribery scheme allegedly perpetrated by Gautam Adani, chairman of…
Dolby Global Vice President for Commercial Partnerships Javier Foncillas says that this is the first time they are entering India car market and it offers huge opportunity. Having successfully penetrated into the Chinese automobile sector within a short duration, Dolby is betting big on the Indian market to replicate its success story, said a top…
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