NEW DELHI: It will be the micro SUVs, and not the mini affordable cars, that are likely to be the big winners in govt’s decision to cut GST on smaller vehicles, company officials and industry experts say.While Maruti Suzuki, the biggest seller of mini cars in the country, is confident that hatchbacks will get a…
NEW DELHI: At least four large initial public offers (IPOs) are expected to mop up anywhere between $4 billion and $5 billion in a span of 45-60 days, starting early Oct.First up will be the Tata Capital issue, estimated to be of around Rs 17,000 crore, which is expected to open in the first week…
CHENNAI: Finance minister Nirmala Sitharaman on Sunday said the GST reforms are a huge victory for every citizen.Taking into account that every state in India has its own festivals, it has been decided to implement the GST reforms much ahead of PM Modi’s instruction of launching them before Deepavali festival, Sitharaman said at an event…
MUMBAI: The reclassification of real-estate investment trusts (REITs) as equity will make them eligible for inclusion in benchmark indices, drawing in mutual funds and institutional investors.Developers stand to benefit from lower financing costs and more diversified funding, while investors can diversify into real estate with opportunity for steady dividends and potential capital appreciation without the…
Indian Gen Zs are crazy about everything Korean – the trend is not new, but what makes it interesting is that it has sustained in the digital age of fast-changing fads. It started with BTS and ‘Crash Landing on You’ and then swept the food, fashion and beauty spaces. The trend picked up during the…
NEW DELHI: Inflation has largely remained benign across states and overall, but Kerala continues to top the charts with the highest retail inflation rate in Aug. Rising gold and coconut oil prices are seen to be the reason behind the spurt. Latest data from the National Statistics Office (NSO) showed Kerala had the highest inflation…
Kolkata: Tega Industries will raise Rs 3,300 crore to fund its acquisition of US-based mining equipment-maker Molycop, in consortium with NYSE-listed Apollo which manages funds worth over $840 billion.The board of the Kolkata-based maker of mining and mineral-processing gears approved raising Rs 4,000 crore on Saturday. The total cost of the acquisition will be over…
New Delhi: Nayara Energy – part-owned by Russian oil giant Rosneft PJSC and blacklisted by the European Union in July – is facing difficulties in securing non-Russian crude supplies for a second month in a row as western shipping companies refused to ferry oil for it, ship tracking data showed. agencies Source link
New Delhi: The Confederation of Indian Industry on Sunday suggested a framework for a National Global Capability Centres Policy, that can position the country as the global HQ for innovation-driven GCCs, generate 20-25 million jobs and contribute up to $600 billion in economic impact. Source link
NEW DELHI: Govt has reopened the application window for the PLI scheme for white goods (ACs and LED lights) for 30 days, a statement released on Sunday said. The window will remain open from Sept 15 to Oct 14.“The application window is being reopened based on the appetite of the industry to invest more under…
