IPEF trade pillar: India to wait for outcome before its final decision
India will wait for the final outcome of the trade pillar of the US-led Indo Pacific Economic Framework (IPEF) negotiations and decide on joining it only if there are “cogent” benefits it gets out of it as there won’t be any market access gains, sources have said. “Talks on the trade
Festival sales: It’s not a cracker of a Diwali but neither a damp squib
In the run-up to Diwali, India Inc. was worrying about factors like the West Asia conflict, global uncertainty, and food inflation affecting festival sales. But three days before the big festival, there is optimism. Local factors like a favourable monsoon season have contributed positively to sentiment. Kumar Rajagopalan, CEO, of
Food Minister assures “every grain” of paddy will be procured in Punjab
Union Food Minister Pralhad Joshi on Sunday assured that “every grain” in the current rice procurement season in Punjab, the largest contributor of the grain to the Central Pool stock, will be procured and dismissed the current stand-off terming it as created by vested interests while there is no crisis.
MHI to consult with Ministry of Health again for guidelines on e-ambulances
The Ministry of Heavy Industries (MHI) is in consultation with Ministry of Health and Family Welfare for electric ambulances to be subsidised under the Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme in which it has allotted ₹.500 crore for the subsidies. “We have done two
Direct flights open up new overseas destinations, Indian arrivals rise in double digits
Last year, IndiGo operated its maiden flights to Central Asia. It was an uncharted territory for the airline but with the rising traffic, its expansion bet seems to have paid off. Also read: Boeing strike to impact Indian carriers growth: CAPA India Indian tourist arrivals in popular leisure destinations such as
Brands hop on to quick commerce this festive season
D2C brands are joining the queue to launch campaigns exclusively with quick commerce platforms to acquire new customers and drive sales, especially in the festive season. Quick commerce platforms are becoming the preferred choice for brands to launch new products and a major revenue driver for brands as they
Qualcomm bullish on India’s automotive growth, eyes major expansion in auto tech
As the auto industry stands at the cusp of transformation brought about by artificial intelligence and the growth of software-defined vehicles, semiconductor major Qualcomm is looking to take its technology to cars after mobiles and computers. For the first time, the company dedicated an entire day as part of its
No formal proposal to scrap windfall tax on crude oil, says FinMin official
The Finance Ministry is not considering any proposal to do away with windfall tax on domestically produced crude and export-bound petroleum products. As on date, the levy, technically known as Special Additional Excise Duty (SAED), is zero on domestically produced crude and export-bound petroleum products. The issue about doing away
Supply of manpower to foreign company for working in India to attract GST, says UPAAR
Supply of manpower for work in India to foreign clients having no permanent establishment here will not be treated as export of services and accordingly attract GST, Uttar Pradesh’s Authority for Advance Ruling (UPAAR) has said. The applicant, Noida-based Pacific Staffing Solutions sought advance ruling on its plans to provide
Construction and agriculture drag India Inc’s Q2 revenue growth to 5-7%: Crisil report
Sluggish performance in construction, industrial commodities, and investment-linked sectors has led to the moderation in Indian Inc’s revenue growth, CRISIL Market Intelligence and Analytics observed. The revenue growth for the three months of the ended September stood at 5-7 per cent, as per the market intelligence firm. India Inc. experienced