Court rejects Actis plea against call by Super-Max founder
Super-Max on February 8, 2018 moved a requisition to convene an extraordinary general meeting to ratify appointment of the four new directors. It had also sought to appoint an executive chairman for TMPL and amend its articles of association.
China posts weakest growth in 29 years as trade war bites
China's economic growth cooled to its weakest in nearly 30 years in 2019 amid a bru...
PMP set to promote domestic production of medical devices
In a first such initiative, a roadmap has been prepared to promote domestic product...
FSII recommends making India global seed production hub & pushes for 200% deduction of R&D expenditure in the seed industry
The income tax deduction for the in-house R&D has been reducing over the last few years, it said. Through an amendment as per Finance Act 2016, the weighted deduction was reduced to 150% effective from April 1, 2017 through March 31, 2020 and it indicated a further reduction to 100% from April 1, 2020.
UN revises growth forecast to 5 per cent for India in current fiscal
Its estimate for FY21 was also further downgraded to 5.8%-5.9% from 6.6% in the report, said Nagesh Kumar, head of the UN economic and social commission for Asia and the Pacific, while presenting the report in Delhi. Since the report was finalised in October it did not take into account the second quarter results and hence the outlook has been revised, Nagesh Kumar said.
Govt considering hike in customs duty on toys, certain paper, footwear products in Budget
The Commerce and Industry Ministry in its Budget recommendations to the Finance Ministry has proposed rationalisation of basic customs or import duty on over 300 items from different sectors, including furniture, chemicals, rubber, coated paper and paper boards.
Govt will put restrictions on imports of products under 'others' category: Piyush Goyal
In trade parlance, every product is categorised under an HSN code (Harmonised System of Nomenclature).It helps in systematic classification of goods across the globe.
Wheat sowing area touches 33 million hectare, raises hopes of record output
According to latest data released by agriculture department, the overall area has also gone up by 8.5% to 64.1 million ha, raising hopes of a bumper Rabi harvest.
China posts weakest growth in 29 years as trade war bites, but ends 2019 on firmer note
Fourth-quarter gross domestic product (GDP) rose 6.0% from a year earlier, data from the National Bureau of Statistics showed, steadying at the same pace as the third quarter, although still the weakest in nearly three decades.
BNP sees Sensex at 44500 by year-end, turns bearish on the consumer sector
FMCG spending could also be impacted due to rise in telecom tariffs.
Govt to help firms making import substitute products: Nitin Gadkari
"There are many industries which are working on import substitute products and saving the nation's money. The Central government is forming a scheme to encourage these industries," the Union minister for micro, small and medium enterprises (MSMEs) said.
Sugar stocks rally 3-10% as drop in cane production pushes up prices
There is ample government control through the minimum support price/release mechanism.
BharatPe to hire 75 product managers, engineers this year
"BharatPe is coming up with a state-of-the-art tech-hub in Delhi to house its expanded product and technology team. The company plans to hire over 75 engineers and project managers this year and thereby expand its tech team," a statement said.
India's exports decline for fifth straight month in December, trade deficit narrows
Merchandise exports fell to $27.36 billion in December compared with a year earlier, while imports were down 8.83% to $38.61 billion, the data showed. India's trade deficit stood at $14.49 billion in December 2018, the statement said.
Easynomics: India needs a vibrant real estate and construction sector
What this basically tells us is that any construction doesn’t just benefit the builder or the company carrying out that construction, but many other companies and tradesmen involved with the construction. In the Indian case any construction leads to creation of jobs for a huge number of manual labour.
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