Now, all quasi-judicial adjudication and appeal cases related with indirect taxes will mandatorily be heard in virtual mode as Central…
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India-Nepal inter-govt committee on trade, transit to discuss enhancement of ties
The India-Nepal inter-governmental committee on trade, transit and cooperation is likely to meet this month to discuss ways to intensify…
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‘Govt needs to protect millet production areas’
The Governments should take measures to protect the millet production areas to promote biodiversity while supporting farmers engaged in growing…
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CBDT got over 6500 suggestions for revamping I-T Act
The government has received over 6,500 suggestions for revamping more than six-decades-old Income Tax Act, Finance Ministry said on Monday.…
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Pest-proofing sea-going containers – The Hindu BusinessLine
Engineers, technologists, regulators and shipping experts will gather at a conference in Rotterdam this November to consider redesigning the exterior…
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Why construction gear is less in demand
The $9.5-billion Indian construction equipment (CE) sector is likely to record muted sales growth in FY25 as the Lok Sabha…
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Heavy rains lash Southern India; IMD forecasts more downpour for Tamil Nadu and Kerala
Due to deep circulation in the Gulf of Mannar, South Peninsular India and Tamil Nadu’s southern region received heavy rainfall…
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Asian Development Bank lauds India’s fossil fuel subsidy reforms
India has since 2010 made noteworthy progress on fossil fuel subsidy reform through a calibrated ‘remove’, ‘target’, and ‘shift’ approach,…
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No sparkles in October passenger vehicle wholesales for Maruti, Tata
The overall passenger vehicle wholesales (dispatches to dealers) saw a mixed trend in October with Maruti Suzuki India (MSIL), Tata…
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US puts 19 Indian entities on sanctions list for ‘enabling’ Russia’s war against Ukraine
The US has announced sanctions against 19 private entities from India and two Indian nationals, which featured in a list…
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Asia needs to spend more to adapt to climate change, limit its damage: Bank study
Countries in Asia will suffer worse damage from the climate crisis than other regions and are falling far behind in…
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Great Eastern Shipping to sell 19-year-old product tanker
The Great Eastern Shipping Company Limited (G E Shipping) announced today it has entered into an agreement to sell its…
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Goyal explores cooperation in fertilisers, petrochem, mining in meeting with Saudi Minister
Commerce & Industry Minister Piyush Goyal had wide-ranging discussions on India’s bilateral ties and trade and potential areas for further…
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Global rice prices drop over 10% after India lifts all curbs on exports
Rice prices in the global market have dropped by over 10 per cent over the past fortnight, mainly because of…
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RBI steadily building up gold reserves
The Reserve Bank of India’s yen for gold seems unstoppable, notwithstanding the increase in price of the yellow metal. This…
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Govt proposes 15 Yrs PPA for FDRE projects with battery storage
The Power Ministry has proposed a 15-year power purchase agreement (PPA) for tariff-based competitive bidding of 15 years in (TBCB)…
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UPL recognised as top patent applicant in agro-chemical research
UPL, a global provider of sustainable agricultural solutions, has been recognised as the top Patent Cooperation Treaty (PCT) applicant in…
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Maharashtra’s sugar mills warn of potential halt to cane crushing season over MSP and ethanol price stalemate
The sugar industry in Maharashtra has issued a warning that many sugar mills may be unable to start their crushing…
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Food Minister assures “every grain” of paddy will be procured in Punjab
Union Food Minister Pralhad Joshi on Sunday assured that “every grain” in the current rice procurement season in Punjab, the…
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Brands hop on to quick commerce this festive season
D2C brands are joining the queue to launch campaigns exclusively with quick commerce platforms to acquire new customers and drive…
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Experts downplay panic amidst $12 billion FPI sell-off in Indian equity markets in October
Foreign Portfolio Investors (FPIs) may have caused turbulence in Indian equity markets with their substantial $12 billion in gross sell-offs…
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Corporates can file ITR for FY25 till November 15
The Income Tax Department has extended the due date for filing returns by corporates and individuals whose accounts need to…
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Gujarat HC orders release of SW South Wind I after pact with exporting firm
The Gujarat High Court on Friday ordered the release of merchant vessel SW South Wind I following a settlement between…
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ONDC set to launch its own buyer app, DigiHaat to widen seller participation from diverse sectors
In a strategic, the Open Network for Digital Commerce (ONDC) has decided to launch its own buyer app “DigiHaat” through…
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AgroStar partners Spanish firm Biorizon Biotech to offer advanced biologicals to Indian farmers
Agritech firm AgroStar has announced a strategic partnership with Spanish company Biorizon Biotech to bring advanced biological and biocontrol products…
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India not to roll back edible oil duty hike despite global price surge
Albeit global prices of edible oils having increased in the past month, the government feels consumers will have to adjust…
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India to continue supporting Global South with strong forex reserves, says FM Sitharaman
Finance Minister Nirmala Sitharaman has assured that assistance will continue to be provided to global South countries. These countries are…
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Indian entertainment industry lost ₹22,400 crore to piracy in 2023: EY-IAMAI Report
The Indian entertainment industry suffered a staggering loss of ₹22,400 crore in 2023 due to piracy, according to a report…
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Seaweed-based nutraceutical product of CMFRI launched
The State Industries Minister P Rajeeve has launched seaweed-based nutraceutical product developed by ICAR-Central Marine Fisheries Research Institute’s (CMFRI) for…
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Digital crop survey unearths unusually high acreage under paddy
The area under kharif paddy this year is believed to have increased by over 65 lakh hectares (lh) from 407…
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IMD upgrades storm outlook to severe cyclone as ‘low’ becomes well-marked over Bay of Bengal
The India Meteorological Department (IMD) has upgraded cyclone outlook over east-central Bay of Bengal to that of a severe cyclone…
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Western Carriers seeks to haul more post IPO
Logistics company Western Carriers, which went public last month, will focus on adding new customers and enhancing capability across sectors…
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Indian alcobev sector set for 8-10% revenue growth in FY25; festive period peak season to drive sales
Major Indian alcoholic beverages companies are likely to report revenue expansion of 8-10% in FY2025, led by steady demand for…
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BCAS chief meets airline CEOs over bomb scares
Bureau Civil Aviation Security director general Zulfiquar Hasan has said all security protocols in the country are robust and passengers…
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As incentives soar, solar PV manufacturers strategically choose states
Bigger incentives offered by Odisha have lured Saatvik Solar, one of the largest solar module manufacturers in India, to kick…
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DAP sales in September drops by 50% to less than 8 lakh tonnes
As the agriculture minister chairs the annual conference on Rabi crops on Saturday, where strategies will be chalked out with…
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Run-up to COP29: Climate induced loss and damage to agri-food systems cries for attention
Small and marginal farmers are key stakeholders agri-food systems increasingly at risk from climate induced loss and damage. While agri-food…
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IFBA releases report on food wastage, suggests policy actions and global collaboration
Ind Food & Beverage Association (IFBA) has released a report on food wastage, wherein it is recommended that the wastage…
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Tarun Singh of Highbrow Securities acquires 3.5% stake in Magnus Farm Fresh
Tarun Singh, Managing Director of Highbrow Securities, has acquired a 3.5 per cent minority stake in Magnus Farm Fresh Pvt…
Read MoreNatural rubber production up 2% in FY24: Rubber Board
India’s natural rubber production has shown a steady growth, registering a 2.1 per cent increase in FY2023-24 at 8.57 lakh…
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Declining fish stock: India, UK researchers develop app to help fishermen
In an effort to address the challenges of depleting fish stocks along the Kerala coast, researchers in the UK and…
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MIB invites applications for e-auction of 730 private FM radio channels
The Information & Broadcasting Ministry has issued a notice inviting applications from prospective bidders for e-auction of 730 private FM…
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Room Air-conditioner industry size estimated to grow to 12.5 million units in FY25 : ICRA
Room air-conditioner industry is expected to garner 20-25 per cent sales volume growth compared to last year and reach a…
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SOPA estimates India soyabean output to rise 6% on higher yields
The production of soyabean, a key kharif oilseed, is estimated to increase this year by 6 per cent to over…
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India’s cement demand to grow 7-8% as construction activity picks up post-monsoon
Cement demand is set to grow slower at 7-8 per cent year-on-year to 475 million tonnes this fiscal, after clocking…
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PM Internship Scheme draws massive response, 1.55 lakh youth register on day 1
The Prime Minister Internship Scheme (PMIS) has received an enthusiastic response from aspiring interns, with 1,55,109 candidates registering on the…
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Mitigating emissions from agriculture – The Hindu BusinessLine
Agriculture, while essential for feeding the world and supporting livelihoods, is also a significant contributor to global greenhouse gas (GHG)…
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Youth registration goes live for PM Internship Scheme
The window for youth registration under the much talked about PM Internship Scheme (PMIS) opened on Saturday. As many as…
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Centre releases 1st instalment of finance commission grant for local bodies in Andhra, Rajasthan
The Union Government has released the first instalment of the 15th Finance Commission grants for 2024-25 to Rural Local Bodies…
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Train accident near Chennai: Mysuru-Darbhanga Express collides with goods train, 12 coaches derailed
A rear-end collision occurred at Kavarapettai Railway Station around 8:30 p.m., involving Train No. 12578 Mysuru-Dibrugarh-Darbhanga Express, which had LHB…
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Government schemes catapulting India to become developed nation: Amit Shah
Union Home Minister Amit Shah on Thursday said India was a market of 50 crore people as rest of the…
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Delhi ITAT allows US LLC to avail of India-US tax treaty benefits
The Delhi Income Tax Appellate Tribunal (ITAT) has allowed a limited liability corporation (LLC) and a tax resident of US…
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Spices Board ties up with Uttarakhand for indigenous spice promotion
The Spices Board has joined hands with Uttarakhand Government and House of Himalayas — a brand launched by Prime Minister…
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PM Internship Scheme spurs surge in opportunities, reaches 50,000 mark
The number of internship opportunities posted in the dedicated portal for the PM Internship Scheme surged as of Wednesday to…
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SpiceJet settles $132-million dispute with lessor Babcock & Brown
In one of its largest settlements yet, SpiceJet has resolved a $131.85-million dispute with lessor Babcock & Brown Aircraft Management.…
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Private sector fuels NPS surge with near 45% y-o-y jump in AUM as of Sept 28
Private sector NPS assets’ growth continue to be on a roll, clocking a near 45 per cent year-on-year growth as…
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Digital Competition Bill: House Panel seeks update amid delay in passage
The Parliamentary Standing Committee on Finance headed by Bhartruhari Mahtab has sought an update on the status of the Digital…
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Govt to pump around $11 billion for construction of new and expand existing airports: Civil Aviation Minister
By the end of 2030, the domestic air passenger traffic is projected to reach up to 300 million and the…
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Rubber Board launches ‘Replant & Reap Reward’ campaign to boost production
Aimed at making the country self-sufficient in natural rubber production, the Rubber Board has initiated a campaign — ‘Replant and…
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Maersk’s female workforce grows from strength to strength
The number of Indian women seafarers employed by AP Moller-Maersk, a global integrator of logistics, has surged from 41 to…
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RBI’s policy review: Status-quo on interest rate likely, say experts
The Reserve Bank is unlikely to cut the benchmark interest rate in its forthcoming bi-monthly monetary policy review later in…
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India’s forex reserves to surge beyond $750 billion by March 2025
India’s foreign exchange reserves (FER) may see another year of robust accretion in FY25, supported by overseas inflows into the…
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Mangrove conservation is key to protecting biodiversity
Mangroves, often overlooked and undervalued, play a crucial role as guardians of coastal biodiversity worldwide. These unique ecosystems, characterised by…
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Cut-off yield on 10-year G-Secs ends at 6.79% on Middle-East conflict
The cut-off yield on the new 10-year Government Security (G-Sec) came in higher at 6.79 per cent as the yield…
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Escalating conflict in West Asia threatens to disrupt India’s crude oil trade
As the threat of a full-scale conflict between Iran and Israel becomes more pronounced, analysts and trade sources say a…
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Tomato, onion and potato farmers get only a third of retail price: RBI study
The value chain analysis of the triune of Indian cooking – tomato, onion and potato (TOP) – suggests that farmers…
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India Inc expected to hike salaries by 9.5% in 2025: Aon survey
India Inc is expected to give an average salary increase of 9.5 per cent in 2025, as per the latest…
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EC proposes a year’s extension of deadline for implementing deforestation regulation
Giving in to pressure from India, the US, Indonesia and Brazil, the European Commission has said that it proposes to…
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Fuel consumption: Monsoons, subdued industrial activity drags diesel consumption to lowest in two years during September
India’s diesel consumption slipped to its lowest in the last two years during September 2024 due to subdued manufacturing activity…
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Aviation security body advisory for parcel, mail loaded onto commercial aircraft
The Bureau of Civil Aviation Security (BCAS) has issued an advisory, tightening security measures for cargo (parcels) and mail, especially…
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Sahyadri Farms marks record turnover of ₹1,548 crore in FY24 amidst global challenges
Sahyadri Farms, India’s largest farmer-producer company, founded by Vilas Shinde in 2011 achieved a turnover of ₹1,548.9 crore in FY…
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GST on soft drinks should be based on sugar content: Indian Beverage Association
The beverage industry has called for layered GST on carbonated soft drinks based on sugar content to incentivise consumption and…
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Govt extends I-T audit report filing date to Oct 7
The income tax department has extended the date for filing audit report for 2023-24 by 7 days till October 7.…
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Centre proposes 2022-23 as new base year for GDP computation
The Statistics Ministry is likely to publish economic growth data, measured in terms of GDP (Gross Domestic Product) with new…
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Regulatory, policy reforms crucial for future of India’s pharma R&D: Report
India’s regulatory and policy reforms are crucial for shaping the future of pharmaceutical research and development by streamlining approval processes,…
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Centre to further streamline mechanism to deal with cyber security, cyber crime
In an effort to further streamline cyber security and measures against cyber crime, President Droupadi Murmu allocated responsibilities to three…
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Privately placed debt issuance, ECBs surge on lower cost of funds
While equity fund raising has been grabbing the headlines, corporates have raised more funds through private debt placements and external…
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Payment for imported software is not royalty: Supreme Court
The Supreme Court on Friday reaffirmed its decision that payments made by resident Indian end-users/distributors to non-resident computer software manufacturers/suppliers,…
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GST Council sets up GoM on compensation cess, panel to submit report by Dec 31
The Goods and Services Tax (GST) Council has set up a 10-member GoM, headed by Minister of State for Finance…
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Sanjeev K Asthana is new president of SEAI
Sanjeev K Asthana, CEO, Patanjali Foods Ltd, has been appointed as the President of The Solvent Extractors Association of India.…
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IMD sees no respite for west Maharashtra, east India as cyclonic circulation shifts base to Vidarbha
Mumbai and adjoining areas as well as the meteorological subdivision of Madhya Maharashtra around the city of Pune witnessed severe…
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Pakistan may lose out on getting GI tag for its basmati from EU
The European Commission (EC) is unlikely to provide Protected Geographical Indication (PGI) tag for Pakistan’s basmati rice in the European…
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Isolated extreme heavy rain warning for Konkan & Goa, Madhya Maharashtra, Gujarat today
Isolated extremely heavy rain has been forecast over Konkan & Goa and Madhya Maharashtra on Wednesday and Thursday, and Gujarat…
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India’s manufacturing share set to rise to 25% of GDP by 2047: Piyush Goyal
The mood about India across the world is phenomenal in terms of investment interest, and the country’s manufacturing share is…
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Fresh low-pressure area may disrupt monsoon withdrawal over north-west India
South-west monsoon has started withdrawing from extreme north-west India almost a week behind schedule, but the ensuing transition season to…
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IDH to hold 2-day flagship event SUTRA from October 17
Sustainable trade initiative IDH in collaboration with Sattva will hold its flagship event, ‘The Sustainable Trade Summit (SUTRA) 2024,’ on…
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SpiceJet will induct new aircraft, expand network, says Chairman Ajay Singh
SpiceJet will acquire new aircraft, invest in new technologies and expand in new markets, the airline’s chairman Ajay Singh said…
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Plantation commodity producers told to focus on value addition
As overseas demand grows for Indian plantation commodities, the growers were told to focus more on value addition and processing…
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What the Government can do to help farmers overcome climate change impact
Rajesh Mohan Ghadge, a small wheat farmer from Phaltan, Satara in Maharashtra, stands on the frontlines of a growing crisis…
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Banks asked to implement effective measures for optimising recovery from pending cases at DRT
The Finance Ministry has urged banks to have clearly defined policy on small and high value cases that are pending…
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The power of bamboo: A renewable resource to combat climate change
As the world contends with the harsh realities of climate change — escalating carbon emissions, deforestation, and environmental degradation —…
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Digital Payments in India soar to new heights: Finmin
India’s digital payments journey reached new milestones, recording a 44 per cent compounded annual growth rate (CAGR) in transaction volumes,…
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India aims to push automobile sector to greater heights, need to bring down logistics costs: Nitin Gadkari
Minister for Road Transport and Highways Nitin Gadkari said on Thursday that the government’s focus is to make India’s automobile…
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World experienced warmest land and ocean temperatures in August, says US weather agency
Global land and ocean temperatures were the warmest on record in August 2024. Land temperatures were the warmest on record,…
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Flux in global markets tightens domestic financial conditions in August: Crisil Index
Domestic financial conditions were tighter in August, relative to July, CRISIL’s Financial Conditions Index (FCI) shows. The gauge, which captures…
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India must continue to lead at WTO by making the right compromises: WTO Director General
India is a leader at the WTO with a lot of clout but needs to make the right compromises and…
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Finance Ministry kicks off Budget exercise for FY 2025-26
The Finance Ministry issued a budget circular to kick off the budget exercise for fiscal year 2025-26. The budget is…
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Windfall levy on domestically-produced levy brought to zero
New Delhi The Finance Ministry late on Thursday brought down windfall tax on domestically produced crude to zero from ₹1,800…
Read MoreCISTA urges Agriculture Ministry to recognise small tea growers as farmers, calls for FPC inclusion
The Confederation of Indian Small Tea Growers’ Associations (CISTA) on Monday urged the Union Agriculture Ministry to recognise small tea…
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Govt may resume retail sales of rice, atta, pulses under ‘Bharat’ brand from Oct
After launching retail sales of onion directly to consumers at ₹35/kg, the Centre may resume from October sales of select…
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FinMin asks PSBs to undertake pilot of new credit assessment model for MSMEs
In line with its Budget announcement earlier this year, the Finance Ministry has asked Public Sector Banks (PSBs) to undertake…
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Foreign banks expect RBI to keep rates unchanged in October MPC meeting
Foreign Banks expect the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) to keep the benchmark repo rate unchanged…
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ICF, BEML set out to develop high-speed trains
Indian Railways is working on its own high-speed train model – of speeds at 250 km per hr and above…
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India’s import duties are too high, must come down, says CEA Nageswaran
India’s import duties are too high and must come down, feels Dr V Anantha Nageswaran, Chief Economic Adviser to the…
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Powering the future of farming: How EV tractors are redefining agricultural efficiency
The agricultural sector has always been the backbone of human civilisation, responsible for feeding the world’s growing population. Yet, this…
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Indian government removes $950/tonne floor price on Basmati rice exports
The Indian government has removed the $950 a tonne minimum export price (MEP) on basmati rice after coming under pressure…
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RBI Guv Shaktikanta Das signals no policy change despite dip in inflation
Reserve Bank of India’s governor Shaktikanta Das signalled he’s in no hurry to cut interest rates despite the recent softening…
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‘Weak’ La Nina likely to emerge during Sept-Nov, says US weather agency
The Climate Prediction Centre (CPC), an arm of the US weather agency National Oceanic and Atmospheric Administration (NOAA), has raised…
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PM Modi to release first installment to PM Awas Yojana beneficiaries in Jharkhand on Sept 15
Prime Minister Narendra Modi is likely to release over ₹5,600 crore to 19.40 lakh beneficiaries as the first installment under…
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Union Cabinet approves ₹1.02 lakh crore for electric vehicles, rural connectivity, Ayushman Bharat expansion
The Union Cabinet on Wednesday approved a slew of measures to boost electric vehicles (excluding cars), rural connectivity, and hydropower…
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April-June spices exports marginally down at $1.15 billion on dip in chilli shipments
A 29 per cent decline in shipments of chillies has pulled down overall spices exports by some one per cent…
Read MoreBrent oil falls below $70 per barrel, lowest level since December 2021 as OPEC cuts forecast
HOUSTON Global oil benchmark Brent crude futures sank below $70 a barrel on Tuesday for the first time since December…
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Homebuyers to benefit as differential tax rates on preferred locations is scrapped, reducing overall costs
If you’re planning to buy a house in a preferred location, there’s no need to worry about additional GST. The…
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GST Council to consider rate rejig on health, life insurance in Nov
The GST Council will consider rate re-structuring for health and life insurance premia in its next meeting to be held…
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SpiceJet’s Ajay Singh may sell over 10% stake in airline to raise funds
SpiceJet promoter and chairman Ajay Singh may offload more than 10 per cent stake in the struggling carrier as part…
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India may consider allowing sugar export after December, to prioritise ethanol for now
Sugar mills, which are expecting a positive decision on their demand to permit export of some quantity of sugar next…
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Driving sustainability: How demand consolidation companies are minimising fresh fruit waste
Food waste is one of the most pressing challenges facing the global food system today. According to the Food and…
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Air India posts 60% fall in losses at ₹4,444 crore in FY24: Tata Group
Tata Group-owned Air India shaved off its losses by 60 per cent to ₹4,444.10 crore in FY24 over the previous…
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SpiceJet to issue shares worth ₹250 crore to lessor Carlyle Aviation
Aircraft lessor Carlyle Aviation Management Ltd will receive shares worth over ₹250 crore ($30 million) in SpiceJet as a part…
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‘Geopolitics will not affect fundamental momentum of Indian economy’
Reducing tariff and non-tariff barriers to trade need not go against India’s ‘Make in India’ policy and can, instead, complement…
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2024 set to become the warmest year on record, says European weather agency
Globally, the average temperature between September and December needs to drop by at least 0.30°C for 2024 to not become…
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With the monsoon progressing well, RBI Governor optimistic about favourable food inflation outlook
The balance between inflation and growth is well-poised, with there being greater optimism that food inflation outlook could become more…
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Tin prices will likely rule elevated for remainder of the year
Tin prices will likely remain elevated for the rest of this year as Myanmar’s Man Maw mine is yet to…
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EPS beneficiaries can access pension from branches of all banks from January 1: Labour Minister Mandaviya
Centre proposes to make life easy for millions of Employee Pension Scheme (EPS) pensioners with a decision to implement a…
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ELI Scheme: Labour Minister Mandaviya meets employers’ organisations, invites suggestions
The Union Labour Ministry on Tuesday invited suggestions from employers’ organisations on the proposed Employment Linked Incentive (ELI) scheme. The…
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Rising cost amid weak demand may force steel companies to cut output
Steel companies are facing potential production cuts due to rising inventory levels, slowing demand, rising production costs, and a surge…
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Syngenta’s CEO Jeff Rowe launches I-RISE program to skill young farmers
Global seeds and pesticides major Syngenta has launched a programme titled ‘I-RISE’ (Inculcating Rural India Skill Enhancement) to train one…
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FSIB Recommends Rama Mohan Rao Amara for SBI MD post
The Financial Services Institutions Bureau (FSIB), a head-hunter for State-owned financial services entities, has recommended Rama Mohan Rao Amara for…
Read MoreOver 1,300 units operational under PLI scheme, generating 7-8 lakh jobs
An estimated 1,300 units have been set up so far under the ambitious Production Linked Incentive (PLI) scheme, largely in…
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Steel imports break ship recyclers
A key factor behind the reduced demand for local steel is the dumping of cheaper steel into India by countries…
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India predicts ample monsoon rain next month in boost to crops
India is forecast to receive above-normal rains in the last month of the June-September monsoon season, brightening prospects for a…
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IMD predicts ‘above normal’ rainfall in September; Kharif crops maybe at risk
India will likely have three consecutive months of surplus rains as the India Meteorological Department (IMD) on Saturday predicted “above…
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India to discuss stalled development projects with Bangladesh after normalcy returns: MEA
India will hold talks with Bangaldesh’s government on its development projects stalled because of the political turmoil once normalcy returns…
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Non-grape wine manufacturers in Maharashtra allege discrimination under the revised VAT scheme
While grape winemakers flourish in Maharastra, which accounts for 90 per cent of the alcohol produced in the country, fruit…
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Mastercard chooses India for world debut of Payment Passkey Service
Mastercard, a global technology in the payments industry, on Thursday announced the worldwide launch of its new Payment Passkey Service…
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AVPL International partners DeHaat to take agritech solutions to farmers
Drone solutions provider AVPL International has formalised a strategic partnership with agtech firm DeHaat to take drone and agri-technology solutions…
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ELI Scheme: Mandaviya meets central trade unions, invites suggestions
The Union Labour Ministry on Wednesday invited suggestions from the central trade unions on the formulation of the proposed Employment…
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Paytm gets Finmin approval for downstream investment into its payment services arm
One97 Communications Ltd (OCL), which owns the brand Paytm, has received the Finance Ministry’s approval for its “downstream investment” into…
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LIC knocks IRDAI doors for review of Surrender Value Guidelines
Insurance behemoth LIC is understood to have approached insurance regulator IRDAI, seeking a review of final Surrender Value Guidelines issued…
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#VisitWayanad campaign begins to woo tourists back
#VisitWayanad, a social media campaign to woo tourists back to the hill district after the landslides on July 30 has…
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Verify PAN status before payment: Crores still unlinked to Aadhaar
A check about status of deductee’s PAN (Permanent Account Number) before making payment can help in avoiding notice from the…
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FADA calls for action against overfunding as passenger vehicle inventory hits record high
The Federation Of Automobile Dealers Association (FADA) are planning to approach financiers asking them to stop overfunding automobile dealers. Dealers…
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India-Australia CECA: Focus on key areas to expedite trade pact
India and Australia focussed on narrowing differences in key areas of goods, services, digital trade, government procurement and Rules of…
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Overseas tours costlier by over 10% on strong demand, increased airfares and room rates
Overseas tour costs have surged 10-15 per cent year-on-year on the back of rise in airfares and hotel rates, but…
Read MoreCabinet approves unified pension scheme for Central Govt employees
In a mega pension deal for government employees, the Modi 3.0 Government on Saturday announced the roll-out of a new…
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Pick of BL commodities – August 25, 2024
1) The Centre has come up with a draft Sugar (Control) Order, 2024, saying technological advancements in the production process…
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FM Sitharaman urges synergy between trade and tax authorities
Finance and Corporate Affairs Minister Nirmala Sitharaman on Friday urged the business community to proactively and regularly engage with GST…
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Indian garments, leather products to hit US and Europe shelves in time for X-Mas and New Year
Despite the crisis looming over the Red Sea, Indian garments and leather products will make it to the shelves in…
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Govt supports e-commerce but demands fair play and honesty, says Piyush Goyal
A day after lashing out against e-commerce giant Amazon for suspected predatory pricing practices, Commerce & Industry Minister Piyush Goyal…
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India’s food inflation to drop in coming months, says government report
India’s food inflation is likely to fall in the coming months thanks to good harvests after monsoon rains replenished water…
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India, Africa should target doubling bilateral trade to $200 billion in 7 years: Goyal
India and Africa should target doubling two-way trade to $200 billion in seven years and try and include more African…
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Natural rubber prices decline on rising imports, domestic arrivals
After surging to a record high of ₹255 for RSS-4 in the previous weeks, natural rubber prices moved south to…
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India and Japan sign agreement for green ammonia export
India and Japan on Tuesday signed their first project offtake agreement for the export of green ammonia to the latter…
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Gem, jewellery exports down 23% on global uncertainty
Gem and jewellery exports continued their downward trend and plunged 23 per cent in July to $1.66 billion (₹13,922 crore)…
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TN CM Stalin urges Union Minister to increase fund allocation for railway projects in the State
Tamil Nadu Chief Minister MK Stalin on Monday expressed dismay over the reported reduction in fund allocation for Southern Railway…
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Domestic air traffic drops 1.6% to 12.9 million sequentially in July
Domestic air traffic declined by 1.6 per cent to 12.9 million on a sequential basis in July, with the end…
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PMO orders heightened surveillance for mpox, urges testing labs to stay alert
Prime Minister’s Office (PMO) on Sunday directed Secretaries and senior officials of various departments to enhance surveillance on Monkeypox or…
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Harrisons Malayalam announces relief measures for tea workers affected by Wayanad landslides
Harrisons Malayalam Ltd has announced a series of relief measures aimed at providing immediate support and long-term recovery for individuals…
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DGH ups its skills to better manage India’s E&P space
To create more transparency in data mining and accessibility as well as preparing itself for monitoring all types of energy…
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Pick of BL commodities – August 18, 2024
1. India received 153 mm in the first half (1-15) of August, which is 15 per cent above normal of…
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India launches anti-dumping probe into steel imports from Vietnam
India has initiated an anti-dumping investigation on imports of hot-rolled flat steel products coming in from Vietnam. The investigation will…
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Agri sector that feeds 140 crore is yet to reach 50% mechanisation
Indian farming sector, which feeds more than 140 crore population, is yet to reach the 50 per cent mark in…
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Bangladesh turmoil: Govt, garment exporters weigh opportunities for India
Textile Ministry has held preliminary discussions with industry players on the possible implications of the Bangladesh political crisis on Indian…
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Onam travel demand drives up air fares by 20-25%
Airfares to Kochi, Kozhikode and Thiruvanathaputaram have increased by 20 to 25 per cent on a year-on-year basis as natives…
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India wants improvement in trade with Bangladesh, says Commerce Secretary
Disruptions in India’s trade with Bangladesh have been largely addressed and the government is hoping for full restoration of exports…
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As palm oil shipments surge to 20 month-high, India’s edible oil imports up 4.8% in July
A surge in palm oil imports led to the overall increase in edible oil imports during July. According to the…
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Bangaldesh agitation: Punish those responsible for death, destruction in the name of agitation, says Sheikh Hasina
Ousted Bangladeshi PM Sheikh Hasina, in her first public outreach after fleeing her country on August 5, has said that…
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JR Farms plans to bring more farmers under organic farming network
Jaipur-based JR Farms, which has created a supply chain that delivers organic produce to customers, is planning to increase the…
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SpiceJet operations from Mumbai normal, airport withdraws disruption advisory
SpiceJet and Mumbai airport have resolved the issue of overdue payments and all its flights are operating normally. SpiceJet released…
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As organic rice exports soar during April-July, trade smells something ‘fishy’
Organic rice exports from India during the first four months of the 2024-25 fiscal have exceeded the total organic rice…
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Finance Ministry poised for overhaul with new Finance, Expenditure, Public Enterprises Secretaries
As the Finance Ministry gets ready for the Union Budget 2025-26, the bureaucracy will undergo changes with the designation of…
Read MoreBengaluru’s metro status denied: Is Census data key for HRA review?
The Indian Constitution recognises Bengaluru, along with Delhi, Mumbai, Kolkata, Pune, Hyderabad, and Chennai, as metro cities. However, only four…
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New Company, LLP Registrations Up Nearly 5% So far This Fiscal: MCA
Reflecting the favourable business climate in the country, the number of new company and LLP incorporations increased by nearly 5…
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India’s garment & knitted fabric sector experiencing some ‘uncertainty’ due current situation in Bangladesh, says FM Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said that the Indian garment sector is facing a bit of uncertainty due to…
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Bank deposit, locker holders can soon name up to 4 nominees
Soon, deposit holders or locker holders can name up to four persons as nominees, according to a new Bill containing…
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Maharashtra government engages with fishing community on Vadhavan Port development
The Maharashtra government has initiated a series of dialogues with the fishing community and locals in Dahanu, Palghar, and other…
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India is engaged with authorities in Dhaka to track evolving situation: MEA
India is engaged with authorities in Dhaka to track the evolving situation in the country and hopes that normalcy will…
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India receives 44% surplus rains in 1st week of August, monsoon 7% above normal
Over 44 per cent surplus rainfall in the first week of this month has led to the overall monsoon precipitation…
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Two years on, Akasa Air sees 25% growth in corporate biz
Akasa Air is seeing a growth in corporate sales as it continues to expand its network. The Mumbai-headquartered airline which…
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PM to unveil DCR Puttur’s new cashew hybrids among 109 crop varieties next week
Two cashew hybrids — ‘Netra Jumbo-1’ and ‘Netra Ganga’ — from the Directorate of Cashew Research (DCR), Puttur, will be…
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No more GST notices for FY18: CBIC eases norms for foreign firms
Companies with head offices or branches abroad will not get any more show-cause notices (SCNs) regarding the GST dues for…
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Rupee recovers from all-time low level, closes 16 paise higher at 83.93 per USD
The rupee recovered from its all-time low level and settled for the day 16 paise higher at 83.93 (provisional) against…
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BCIC announces new office bearers for the year
The Bangalore Chamber of Industry and Commerce (BCIC) has announced new office bearers for 2024-25. Vineet Verma, Director, of Brigade…
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PDRL’s AeroGCS software to be used in drone spraying on 3 crore acres of farmlands
AeroGCS, a drone ground control station software by the drone-tech company PDRL, will be involved in spraying on farms by…
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Andhra Pradesh hastens to add new ports, airports
Andhra Pradesh is speeding up ongoing airport and port projects, and finalising a slew of new proposals since the formation…
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New office bearers for All India Spices Exporters Forum
Emmanuel Nambusseril and Nishesh Shah have been appointed as the Chairman and Vice Chairman respectively of the All India Spices…
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India to host ASEAN-India trade agreement review talks in November
India will host the next round of negotiations to review the Asean-India Trade in Goods Agreement (AITIGA) in November this…
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Texmaco secures ₹243 crore order for Mumbai Railway power supply projects
City-based engineering company Texmaco Rail & Engineering Ltd on Saturday said it has secured orders worth ₹243 crore from the…
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Paddy growers demand “assured price” to expand area under natural farming
Paddy farmers have a major demand to take up natural farming — an assured price for their chemical-free produce. This…
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Bengaluru-based firm attempting to bring unused farmlands back to life
A Bengaluru-based start-up is trying to bring unused farms back to life by buying these neglected lands, developing them and…
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Maruti, Hyundai, Tata domestic sales decline in July on yearly basis
The domestic passenger vehicle (PV) wholesale (dispatches to dealers) in July saw major companies including Maruti Suzuki India (MSIL), Hyundai…
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Sahyadri Farms introduces the patented ‘Tango’ mandarin variety among Indian farmers
Sahyadri Farms, India’s largest farmer-owned horticulture ecosystem, has announced the introduction of the renowned patented “Tango” mandarin variety in India.…
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Kelly Ortberg named Boeing CEO: Industry veteran to tackle safety and trust issues
Kelly Ortberg, the former Rockwell Collins boss tapped to lead Boeing, has a background that threads a delicate needle for…
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Dairy industry to see healthy growth on strong demand
The Indian dairy industry is set for a revenue growth of 13-14 per cent this fiscal, as strong consumer demand…
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Smart macro and fiscal policies yielded massive capital gains for investors, says CEA Nageswaran
The astute macroeconomic and fiscal policies adopted by the Centre over the last five years have played a key role…
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America overtook UAE as India’s second largest LNG supplier in 2023
The US displaced the UAE to emerge as India’s second largest supplier of liquefied natural gas (LNG) in 2023, accounting…
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Cotton exports up 68 per cent at 26 lakh bales till June-end
India’s cotton exports in the first nine months of marketing year 2023-24 were up 68 per cent at 26 lakh…
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Steady demand, higher realisations to drive revenues of edible oil palm refiners, says CRISIL study
Revenues of domestic refiners of edible palm oil are expected grow by about a tenth this fiscal on steady demand…
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Losing spice: Kashmir’s prized saffron crop hit by dry spells
It’s with pensive eyes that 60-year-old Ali Mohamed Reshi gazes over his saffron farm in Pulwama’s Lethpora area, some 22…
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Capital gains is the fastest growing income class, can be taxed higher: Finance Secretary TV Somanathan
Capital gains is the fastest growing income class in India; it deserves to be taxed at a higher rate, on…
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