IndiGo profit slips 18 pc to ₹2,448 crore over forex loss
InterGlobe Aviation, which operates IndiGo, saw an 18.3 per cent decline in net profit in third quarter FY25 to ₹2,448 crore on a year on year basis as rupee depreciation offset the gains of strong passenger demand and revenue growth. While revenue from operations grew 13.7 per cent to ₹22,110
Agrochem makers seek cut in duty, GST rationalisation in Budget
Agrochemical makers are looking forward to the uniform basic customs duty, rationalisation of GST and introduction of the 200 per cent deduction on R&D expenses in the forthcoming Budget. CropLife, a body of agrochemical makers has suggested key measures to the government such as maintaining a uniform basic customs duty
Govt employees clock fewer hours than corporate workers: EAC-PM Report
Amidst debate on working hours, a working paper from Economic Advisory Council to the Prime Minister (EAC-PM) has said that government employees work much less than corporate employees. The paper has been prepared by Shamika Ravi, member of the EAC-PM. She has used time-use data (published in 2019) in the
Indian govt may announce special fund for oilseeds purchase in Budget
The Government is considering the creation of an oilseed buffer corpus like the pulses buffer. This development comes even as the purchase of oilseeds is allowed by the Centre at the minimum support price (MSP) after the approval of the Agriculture Ministry. A separate fund may help States undertake oilseeds
Trump administration’s policies may drive shift in Indian students’ higher education choices
The Trump administration’s policies on citizenship, stricter immigration, and visa rules may influence the preferences of Indian students pursuing higher education in the United States, according to industry players. Indian students represent the largest international student community in the US, with 3,31,602 enrolled during the 2023-24 academic year. However, industry
Trump’s tariff woes: India ready to ‘talk it out’
India has indicated its willingness to sort out tariff woes of the Donald Trump-led regime in the US through “constructive dialogue”. “The new US government has come in recently. Whatever trade issues are there we will talk it out, we will discuss…And we want to further enhance and expand our
Dry fruits body NDFC seeks import duty rationalisation, lower GST in Budget
The Nuts and Dry Fruits Council (India) has sought rationalisation of walnut import duty on a per-kg basis and reduce GST to 5 per cent from current 18 per cent. The trade body in its pre-Budget proposals has also requested the government to announce a production-linked incentive (PLI) scheme for
India-Mauritius DTAA: Supreme Court stays Delhi High Court ruling on Tiger Global
Supreme Court on Friday stayed a decision by the Delhi High Court in the matter of Tiger Global with reference to India-Mauritius Double Taxation Avoidance Agreement (DTAA). Experts feel this could bring uncertainty for foreign investors. A division bench of Justices J B Pardiwala and R Mahadevan said that the
AMG Green Power and ORIX seek CCI nod for stake realignment in Greenko Energy
In a significant development for the renewable energy sector, AMG Green Power B.V. (AMG Power) and ORIX Corporation (ORIX) have approached the Competition Commission of India (CCI) for approval of a proposed transaction involving Greenko Energy Holdings (GEH) and AM Green (Luxembourg) S.À.R.L. (AMG Lux). The transaction aims to realign
CTC prices at Kochi auctions gain on blenders’ demand
A strong demand from blenders pushed up CTC dust prices at Kochi tea auctions with a ₹2 increase in average price realisation this week. All blenders together absorbed 59 per cent of the 6,52,759 kg of CTC in sale 4, witnessing a strong demand. The market was steady to firm