India’s economic growth rate is estimated to slip to a four-year low of 6.4 per cent in 2024-25, mainly on account of poor showing by the manufacturing and services sector, according to government data released on Tuesday. Photograph: Anushree Fadnavis/Reuters
1 / 15 ICICI Prudential | Private insurer said it has received an order under Section 107 of the Goods and Services Tax (GST) Act, 2017, from the Commissioner (Appeals) on January 6, 2025, which upholds the total tax demand
The Power transmission and distribution arm of the multinational constructions major, Larsen & Toubro Limited (L&T), has announced the winning of new orders in India and Middle Eastern countries like Saudi Arabia and Dubai, according to an exchange filing on
Any reduction in the customs duty on smartphone parts in the forthcoming budget will harm India’s developing component ecosystem, discourage investment, increase imports, and make local firms uncompetitive, potentially resulting in job losses, think tank GTRI said on Tuesday. Photograph:
India’s services sector growth touched a four-month high in December, supported by new business inflows on strong demand conditions and easing inflationary pressures, a monthly survey said on Monday. The seasonally adjusted HSBC India Services Business Activity Index, rose from
A South Block and Mint Road tango is in the offing in 2025, foregrounded by deeper consultations with various stakeholders. In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for
Benchmark equity indices Sensex and Nifty crashed 1.6 per cent on Monday due to an across-the-board selloff, as concerns over third-quarter earnings growth and the continued flight of foreign capital sapped risk appetite. Photograph: PTI Photo from the Rediff Archives
India’s second-largest IT services firm, Infosys, has deferred its annual salary hikes to the fourth quarter of the current financial year (Q4FY25), Moneycontrol reported on Monday. The Bengaluru-based company last implemented salary hikes in November 2023. Company Value Change %Change
Gujarat Toolroom board, on Monday, approved 5:1 bonus issue, allowing shareholders five additional shares for every one share they own. However, the company further informed the exchanges that approval from members is still pending. The bonus shares are likely to
India has set an ambitious target of textile exports worth $100 billion by 2030, but the recent data released by the Ministry of Textiles pertaining to India’s textile and apparel trade puts achievement of the goal in jeopardy. Textile and
