Tag: manufacturing

MRF Q1 profit drops 1.3% on input costs

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MRF Q1 profit drops 1.3% on input costs

MRF Limited reported a consolidated total income of ₹8,610.56 crore for the quarter ended June 30, 2026, up from ₹7,804.23 crore in the corresponding quarter last year. Revenue from operations grew 9.7% year-on-year and 4.8% over the previous quarter. However, consolidated net profit came in at ₹495.35 crore, down 1.3% from ₹501.82 crore a year…

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MSMEs to be hit by 18% GST for job work

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MSMEs to be hit by 18% GST for job work

Representative image | Photo Credit: Reuters The GST rate for labour charges (job work) has been increased from 12% to 18% and it is expected to hit hard the Micro, Small, and Medium-scale Enterprises (MSMEs). C. Sivakumar, president of the Coimbatore Tiruppur district Micro and Cottage Entrepreneurs Association, said one of the long-pending demands of…

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Job creation is key for advancement of the country, says Rolls-Royce India president

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Job creation is key for advancement of the country, says Rolls-Royce India president

Kishore Jayaraman, president of Rolls-Royce, India and South Asia, spoke at a session on “Smart Manufacturing” organised by TexasVentures and CODISSIA in Coimbatore city on Friday June 7, 2024. | Photo Credit: PERIASAMY M Creation of jobs is key for advancement of the country, said Kishore Jayaraman, president of Rolls-Royce, India and South Asia, in…

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