NEW DELHI/MUMBAI: Aiming to set off a “cracker of a Diwali”, as Prime Minister Narendra Modi put it, the proposed rationalisation of Goods and Services Tax (GST) rates could provide a lift to the struggling packaged foods sector by boosting consumption and reviving urban demand. Diwali, traditionally the peak season for household and discretionary spending…
NEW DELHI: Amid expectations of job losses due to higher tariffs, exporters are seeking support for workers who would be hit by the impact of US President Donald Trump’s actions.At a meeting of export promotion councils convened by the federation of indian export organisations on Monday, most businesses suggested that a package from the Centre…
MUMBAI : The markets regulator is seeking to make it easier for India’s largest firms to go public. Sebi has proposed easing minimum public offer (MPO) norms and extending timelines for meeting minimum public shareholding (MPS) requirements. The proposals have been submitted to the govt for amending the Securities Contracts (Regulations) Rules.Currently, firms with a…
MUMBAI: Reliance Consumer Products (RCPL) bought a majority stake in a joint venture with Naturedge Beverages, marking its foray into the healthy functional beverages space. Naturedge Beverages is from the house of the 108year-old Baidyanath Group, which has a legacy of making Ayurvedic products.The acquisition comes at a time when there is a shift among…
BENGALURU: E-commerce majors Amazon India and Flipkart are expanding their workforce by about 1.5 lakh temporary staff each to handle the surge in orders expected during the upcoming festive season, people aware of the matter said.Amazon on Monday announced that it has created more than 1.5 lakh seasonal job opportunities across its fulfilment centres, sortation…
MUMBAI: IndiGo and IDFC FIRST Bank have launched a co-branded credit card that will be available on both Mastercard and RuPay networks, offering customers wider acceptance and flexibility, including the ability to make UPI payments through RuPay.The IndiGo IDFC FIRST Credit Card is aimed at frequent travelers and comes with accelerated rewards on IndiGo bookings…
The newly launched FASTag Annual Pass has seen a remarkable response, crossing the landmark figure of five lakh users across the country within just four days, an official statement said on Monday.Introduced on Independence Day, the pass allows non-commercial vehicle users to make a one-time payment of Rs 3,000 for one year’s validity or 200…
India’s consumption story could soon receive a major boost, with a mix of tax reforms and economic measures paving the way for stronger domestic demand, according to a new Morgan Stanley report.The report, dated August 17, said an overhaul in GST rate slabs, along with support from personal income tax cuts, monetary policy easing, signs…
Wall Street began the week on a cautious note on Monday, with investors holding back as they waited for a busy line-up of corporate earnings and a key speech from the Federal Reserve chief later this week.US stocks began the day trading near their record highs but slowly drifted in red.The Dow Jones Industrial Average…
India’s unemployment rate eased to 5.2% in July, from 5.6% in June, according to the government’s latest labour force survey, released on Monday.The Periodic Labour Force Survey (PLFS), conducted by the Ministry of Statistics and Programme Implementation (MoSPI), showed that the unemployment rate in May had also stood at 5.6%.Data collected under the current weekly…
