MUMBAI: Govt has allowed companies to display revised MRPs on old packs of products that remain unsold, in a relief to packaged goods manufacturers who were awaiting clarity on labelling and packaging to devise strategies around passing on GST benefits to consumers. Firms will however, have to clear their old stock by Dec 31. In…
MUMBAI: Calling into question CBI’s “pick-and-choose policy”, a special court recently discharged KV Brahmaji Rao, a former executive director of Punjab National Bank (PNB), seven years after he was first accused in the Rs 23,000-crore fraud case involving fugitive jewellery businessman Nirav Modi.Among the 25 accused individuals and companies in the case, Rao is the…
MUMBAI: The rejigging of GST slabs will make products more affordable for consumers, easing stress for the entry level market segment, said Nyrika Holkar, executive director at Godrej Enterprises Group (GEG), which is expecting reduction in taxes to give a boost to festive purchases. The move, Holkar said, will also push premiumisation. Availability of financing…
India is looking to expand its textile exports to 40 countries after US imposed 50% tariff on Indian imports, Union minister Giriraj Singh said on Tuesday.The minister said that these 40 countries represent nearly $600 billion in textile and apparel imports, offering vast opportunities for India to enhance its market share. He also added that…
Wall Street traded mixed on Tuesday as investors awaited key US inflation figures and an Apple event expected to showcase the launch of new iPhones.The Dow Jones Industrial Average jumped 79 points or 0.17% to trade at 45,594. Nasdaq, on the other hand, slipped 11 points or 0.05%, reaching 21,786. S&P 500 remained flat at…
The US job market turned out to be much weaker in 2024 and the early part of this year than initially reported, newly released government figures have shown, adding to concerns about the state of the country’s economy. Fresh estimates by the US labour department on Tuesday highlighted that employers hired 911,000 less workers between…
The European Union has shown green light for exports of 102 additional Indian marine establishments, offering an immediate 20% increase in shipments to the bloc, officials said.The development comes at a crucial time, as seafood exports to the EU stood at $1.1 billion in FY24, cementing the region’s role as a vital market for Indian…
India must urgently reform its mining policies to attract investment into copper exploration, as demand for the metal surges globally and at home, a new report has cautioned.“Given the rising copper demand across the world and India’s growing copper needs, India must explore and extract more copper, as large resources and reserves lie unexplored and…
Internet services in parts of Africa, Asia and the Middle East have been disrupted after undersea cables in the Red Sea were cut, highlighting the vulnerability of the global network infrastructure just a year after a similar incident.As the news came to light, many are left wondering as to what may have cut the lines.According…
Indian equity markets fell sharply after the US President raised tariffs on Indian exports to 50 per cent in August, creating headwinds for the country’s manufacturing sector and potential economic growth. Further declines were seen due to the escalating Russia-Ukraine conflict. The fall was partially offset by expected benefits from the Prime Minister’s GST reforms,…
