Blenders, support boost tea sales at Coonoor auctions
Useful support lent by blenders and packagers, who sell to retail outlets in packets, helped increase tea sales at Coonoor auctions, despite the market being irregular market. Traders said the price was maintained at the bottom level while high-priced tea categories were irregular in sale no:4. Global Tea Auctioneers said
Centre invites applications for post of SEBI chief
The Centre has invited applications for the post of Chairman in the Securities and Exchange Board of India (SEBI). The appointment would be made for a maximum period of five years from the date of assumption or till the appointee attains the age of 65 years, whichever is earlier, according
Gold has provided 8% annual return since 1971, says WGC research
Gold prices have increased by 8 per cent on an annualised basis since 1971, comparable with that of equities but higher than that of bonds. The precious metal has outperformed many other asset classes over the past three, five, 10 and 20 years besides 2024, the World Gold Council (WGC)
Govt considering direct transfer of agri-subsidy to farmers
Agriculture Minister Shivraj Singh Chouhan on Sunday said that the government is considering a plan under which both Centre and States could share the logistics costs when farmers bring their produce and sell directly to consumers. He also said that the government is considering a plan to directly transfer the
Kerala readies for a logistics boom
Kerala’s logistics sector is on the threshold of a major expansion with domestic and overseas firms evincing interest in setting up parks and warehousing facilities in Kochi and its suburbs, promising to turn the city into a logistics hub for south India. The interested firms include the US-based Panattoni for
Demand revival in emerging markets aids automobile exports grow 19% in 2024
Automobile exports from India rose 19 per cent year-on-year in 2024 led by a robust dispatch of two-wheelers, passenger vehicles and commercial vehicles, according to SIAM data. Overall shipments rose to 50,98,810 units last year, up 19 per cent from 42,85,809 units exported in 2023. “Last year saw revival in
Budget 2025: Insurance industry awaits big push with GST waiver on health cover, annuity plans
Insurance industry is awaiting a big push in the upcoming Union Budget 2025-26 by way of waiver of GST on premiums of health insurance and annuity plans, a separate tax deduction for term insurance and life insurance premium under the new tax regime. There has also been expectation of removal of the
Past retirees of NPS can also opt for Unified Pension Scheme
A National Pension System (NPS) Government Employee, who retires on or before March 31, 2025 can opt for Unified Pensions Scheme (UPS). said Finance Ministry in a notification dated January 24. UPS is to be operationalised from April 1, 2025. The scheme will not be available for employees who were
Southern Railway reports 5% increase in gross revenue in first 9 months of this fiscal
Southern Railway in the last nine months of the current financial year earned a gross revenue of ₹9,170 crore, a 5 per cent increase from the same period previous year, RN Singh, General Manager, Southern Railway (SR), said. Delivering his Republic Day speech on Sunday, Singh said SR achieved a
Axis Capital predicts EV penetration to surge in 3 years
The electric vehicle (EV) penetration will increase in the next three years due to the introduction of more reliable models at competitive price points and the possible growth of the charging network, according to the Axis Capital report. “We believe the launch of more credible models at attractive price points