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
L&T academy churns out tunnelling workforce
At Larsen & Toubro’s Tunnelling Excellence Academy (TEA) in Kancheepuram, Sekar (name changed), wearing goggles and a helmet, keenly observes his instructor describing the working of the massive tunnel boring machines (TBMs) used to drill underground metro rail corridors. He and the other trainees at the academy will soon join
Budget 2025: Mutual funds industry calls for tax breaks on debt schemes
Ahead of Union budget, the $800 billion mutual funds industry has urged the government to introduce a more favourable dispensation of taxation for debt mutual funds in India. This is a must if investors have to make right asset allocation and a proper retirement security is to be created for
How Budget 2025 can empower India’s agro-chemical sector and farmers
With India making rapid strides on many fronts under the leadership of Prime Minister Narendra Modi, the agriculture sector is gaining greater significance, as has been evident from the past few Budgets. This progress, and the fact that this is the first full Budget of Modi 3.0, has heightened anticipation
Will take action to protect Indian steel industry from dumping; Engaging with Europe for fair trading environment : HD Kumaraswamy
India could explore policy measures such as anti-dumping duties, safeguard measures apart from stricter quality control measures to curb rising imports, says HD Kumaraswamy, the Union Minister for Steel and Heavy Industries. Speeding up PLI investments towards driving speciality steel-making, tapping into new export markets to counter trade barriers being
Posthumous Padma awards conferred on Osamu Suzuki, Bibek Debroy, Sushil Kumar Modi
On the eve of the country’s 76th Republic Day, the Centre announced the list of recipients for the Padma Awards 2025 comprising 7 Padma Vibhushan, 19 Padma Bhushan and 113 Padma Shri Awards. Padma Vibhushan awardees include Late Osamu Suzuki, former Chairman of Suzuki Motor Corporation; Duvvur Nageshwar Reddy from
India-Indonesia forge ties: AMFI and AMII ink landmark MoU in investment management
The Association of Mutual Funds in India (AMFI) and the Asosiasi Manajer Investasi Indonesia (AMII), the Indonesian Investment Managers Association, signed a Memorandum of Understanding (MoU) on Saturday to strengthen bilateral relations and enhance cooperation between the mutual fund industries of India and Indonesia. The MoU was signed and exchanged
India, Indonesia air connectivity gets a boost with a revised agreement
Indian travellers will have more flight options for Bali as India and Indonesia have revised their air service agreement. While Indonesian carriers will get access to Bengaluru and Hyderabad, Indian airlines will be able to increase flights to Denpasar (Bali), Jakarta or launch new destinations in the country, it is