New Delhi (IANS) Inflation risks for 2021 remain skewed to the upside, especially core readings, on higher commodities’ prices, said DBS Group in a research report. Accordingly, the report cited higher commodities’ prices, rigidity in fuel taxes and idiosyncratic factors apart … read more
New Delhi (IANS) India’s domestic road logistics sector is likely to grow by 6-9 per cent in FY22, ratings agency ICRA said. It said that the logistics sector reported a strong recovery over H2 FY2021, a sharp contrast to the steep … read more
New Delhi (IANS) In a major move towards ease of doing business, new guidelines direct that businesses buying shares or commodities traded through recognised exchanges will not be required to deduct TDS on the transaction. The Central Board of Direct Taxes … read more
New Delhi (IANS) Rise in the use of electric vehicles will result in increasing imports to India from Germany, said a Grant Thornton Bharat-FICCI report. At present, India and Germany aim to partner by leveraging advantages on each side and intensify … read more
Bengaluru (IANS) Union Finance Minister Nirmala Sitharaman on Friday ruled out any cut in excise duty levied on petroleum products for now. Addressing a press conference here, she said that there is no such proposal at the present to reduce prices … read more
Mumbai (IANS) Reliance Infrastructure Ltd is in talks with Singapore based-Cube Highways to sell its 4 road assets for an enterprise value of Rs 1,430 crore. The company will use the proceeds from the sale to cut down its debt. Singapore-based … read more
New Delhi (IANS) The low base of last year due to the stringent national lockdown aided in propping up India’s eight major industries’ output during May 2021 on a year-on-year basis. The pandemic-triggered national lockdown (from late March 2020) during Q1FY21 … read more
Mumbai (IANS) The SEBI board on Tuesday approved a proposal to introduce a framework for Accredited Investors in the Indian securities market. ‘Accredited Investor’ is a term referred to a class of investors who may be considered to be well informed … read more
New Delhi (IANS) Giving a major push to the domestic electronics industry, the Centre has decided to extend the tenure of the Production Linked Incentive (PLI) scheme for large-scale electronics manufacturing by one year till FY 2025-26. The participating companies will … read more
Bengaluru (IANS) Hundreds of distressed mango growers in Karnataka’s Kolar district have been dumping mangos on roads near Srinivasapura over a week due to steep fall in demand and crash in their prices, traders said on Sunday. “As demand for some … read more