NEW DELHI: Amid rising expectations of higher tariffs on Chinese goods, exporters are in talks with govt to be ready to tap into possible opportunities across at least half-a-dozen sectors, ranging from textiles and leather to chemicals, electronics, auto parts and toys, by partnering American trade bodies and creating awareness about Indian products in the…
MUMBAI: India’s insurance penetration, which is measured as a ratio of annual premium to GDP, dipped in FY24 for the second year in a row after touching a peak of 4.2% in the wake of Covid.According to regulator Irdai’s annual report released on Monday, India’s insurance penetration was 3.7% in FY24 compared to 4% in…
Experts say that the resistance levels remain at 23,850-23,870, with a bearish gap at 24,000-24,150. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Tuesday. While BSE Sensex was above 78,500, Nifty50 was above 23,750. At 9:18 AM, BSE Sensex was trading at 78,540.17, up 47 points…
Axis Securities has a ‘buy’ recommendation on V-Mart Retail with a target price of Rs 4,180 (+8%). Analysts said that the value retailer’s losses from Limeroad’s acquisition are reducing while its new store additions are on track. It’s also redefining affordable fast-tracking fashion for Gen-Z while footfalls in its stores are expected to go up.Yes…
NEW DELHI: Japanese companies Honda and Nissan’s plans to merge operations in view of tough business challenges may not only impact their global operations but may prove to be a tough road to navigate in India, especially in view of their independent large production set-ups and presence of Renault of France as an alliance partner…
NEW DELHI: A compliance audit of I-T collections from 11 distilleries and breweries in UP, Maharashtra, Karnataka, and Delhi has uncovered significant under-reporting of sales, with the Comptroller and Auditor General estimating the tax implications of this “short accounting” at approximately Rs 12,800 crore over a 10-year period.The CAG report, tabled in Parliament last week,…
NEW DELHI: The Adani Group, that operates airports in seven cities including Mumbai and is building a greenfield one at Navi Mumbai, is expanding its presence in the aviation space. It is acquiring India’s biggest private sector MRI (maintenance, repair & overhaul) player Air Works for an enterprise value of Rs 400 crore. Adani Defence…
NEW DELHI: Centre’s decision to levy different tax rates on popcorn based on whether it contains sugar or salt has faced extensive backlash on social media, with two former government economic advisers criticising the taxation framework established in 2017.The GST Council, led by the finance minister Nirmala Sitharaman, issued a order on Saturday announcing 5%…
The first stock market holiday of 2025 will be on February 26 for Mahashivratri celebrations. Stock market BSE, NSE holidays 2025: The stock exchanges in India have announced 14 trading holidays for 2025. In February, May, November and December there will be one holiday, while March and August will have two holidays each. April and…
Indian Railways is also developing domestic manufacturing capabilities for bullet trains. (AI image for representative purpose) India’s first bullet train design: India and Japan are close to finalising the design specifications for bullet trains on the Mumbai-Ahmedabad High-Speed Rail (MAHSR) Corridor, which will facilitate the tender process.The Japanese Shinkansen trains are undergoing modifications to suit…
