Thomas Cook India Group. (Photo: Twitter)

India business not related

The liquidation marks the end of a British company that started in 1841.

24 Sep 2019 1:31 AM

According to the Maersk India Trade Report, India’s containerised exports to China grew slower by 20 per cent in the June quarter against 222 per cent growth in Q2 last year.

Trade war hits Indian exports to China

The restrictions led to a decrease in waste paper prices, in turn benefitting India, an importer of the commodity.

24 Sep 2019 1:24 AM

Finance Minister Nirmala Sitharaman. (Photo: ANI)

Now CSR funds can be spent on incubators and universities

According to Mohammad Azhar, Program Leader, INVENT at Villgro, it is a welcoming step to go from ‘good to great’.

21 Sep 2019 2:56 AM

India is among those few countries with high income tax rates for individuals, despite being a laggard in terms of revenue collection due to a smaller taxpayer base.

Speculation rife on possible income tax cut for individuals

After a cut in the corporate tax, speculation around an income tax cut for individual taxpayers is rife.

21 Sep 2019 2:49 AM

The GST rate on cups, plates made from flowers, leaves and bark also has been reduced to nil.

GST Council leaves auto, biscuits untouched, slaps more levy on colas

The GST Council has decided to reduce rates on outdoor catering to 5 per cent without input tax credit.

21 Sep 2019 2:47 AM

Tyre exports have picked up in June quarter as Indian manufacturers are trying to ultilise the trade war opportunity.

Tyre-makers tap trade war to push exports

According to industry experts, the ongoing September quarter is also witnessing an upward trend in shipments.

20 Sep 2019 2:43 AM

With a 10-fold rise in transaction value and eight-fold increase in volumes over last year, India’s IMPS has been rated the world’s best real time money transfer platform by FIS. With a 10-fold rise in transaction value and eight-fold increase in volumes over last year, India’s IMPS has been rated the world’s best real time money transfer platform by FIS. With a 10-fold rise in transaction value and eight-fold increase in volumes over last year, India’s IMPS has been rated the world’s best real time money transfer platform by FIS. (Photo: Financial Chronicle)

IMPS is world’s best money transfer platform

India is one market which has successfully integrated real-time payments with mobile and the result has been 1,000 per cent plus growth rates.

20 Sep 2019 2:32 AM

A survey conducted by LocalCircles, an online citizen engagement platform, among consumers in tier- I, II and III cities found that 43 per cent of them will be spending only up to Rs 10,000 per household on just festive basics in the next 60 days.

Consumers to spend less this festive season: Survey

Only 6 per cent will buy jewellery and even lesser 3 per cent will spend on property.

19 Sep 2019 2:16 AM

The lower priced biscuits have witnessed a 7 to 8 per cent decline in sales.

GST (il)logic: Tax on biscuit 18 per cent, bread 0 per cent, rusk 5 per cent

Biscuits priced below Rs 100 per kg accounts for 25 per cent of the biscuit market in value terms and 42 per cent in volume terms.

18 Sep 2019 1:29 AM

The mobile phone’s share in the online space is expected to less than 30 per cent by 2022, RedSeer said.

Mobile sales come down, but still in double-digits

No wonder, e-commerce biggies are gearing up for the festive season with special offers on mobile phones.

18 Sep 2019 1:26 AM

Realty bodies seek tax incentives and better interest rates for home buyers in order to spur demand for housing. Further rollover of bank loans and moratorium on interest payment will help developers complete their stuck projects across different segments.

Housing industry seeks tax sops, lower rates

Industry finds that the stress fund allocated to the housing sector with several riders will not increase demand among homebuyers.

17 Sep 2019 1:27 AM

While imports of all products in the man-made fibre (MMF) value chain has steeply increased since the introduction of GST, destructing the domestic manufacturing industry, imports of polyester and viscose spun yarn have particulalry shot up multi-fold lately.

Man-made yarn imports up multi-fold in July

Imports of polyester yarn increased 193 per cent from 29,08,000 kg in July 2018 to 85,35,000 kg in July 2019.

16 Sep 2019 2:40 AM

Trade in polished diamonds also dipped during the month.

India pulls down Antwerp’s diamond trade by more than 30 per cent

The Belgium city saw imports and exports declining by more than 30 per cent.

14 Sep 2019 1:43 AM

While the Commerce and Industry minister Piyush Goyal has asserted that 20 per cent growth in exports was necessary for the country to become $5 trillion economy, gems and jewellery, a major category in the export basket, continued its downward trend and declined 14 per cent in August.

Gems and jewellery exports drop 14 per cent

For the five-month period between April and August, exports registered a drop of 8.92 per cent to $15.33 billion.

13 Sep 2019 2:30 AM

The gloom in the economy has hit temp staff hiring for the festive season. Hiring mainly happens in the e-commerce sector, which is largely immune to the ecenomic vagaries.

Flexi hiring to show muted growth this festive season

This festive season is expected to see 10-15 per cent rise in hiring compared to 30-35 per cent growth last year.

12 Sep 2019 12:36 AM

PE/VC funding in the first eight months has surpassed the previous record high yearly investment of 2018 and is expected to touch $50 billion this year.

PE/VC funding to touch $50 billion

The economic slowdown has not dampened the long-term outlook of private equity and venture capital funds.

11 Sep 2019 2:00 AM

After the recent bull-run in gold prices, interest in gold ETFs has started catching up in India. Gold ETFs have witnessed net inflow in August, after a gap of nine months.

Gold ETFs witness net inflow

Gold Exchange Traded Funds recorded a positive net inflow of Rs 145 crore in August, as per data from the Association of Mutual Funds in India.

11 Sep 2019 1:31 AM

The gems and jewellery sector has always been heavily dominated by MSMEs. However, these small and medium-sized players are finding it difficult now to cope up with the challenges in the industry.

Polarisation in G&J market; big wins, small loses

Further, companies have to be flexible and large enough to identify and explore newer markets when the traditional markets become stagnant.

10 Sep 2019 12:51 AM

Economy a major headache

Auto sales continued to witness a slump due to the ongoing economic slowdown.

07 Sep 2019 7:13 AM

Private labels are usually priced competitively against brands.

Verticals lose out to horizontal players

They have been dominating the market by offering quality furniture at low cost and by providing customer support.

07 Sep 2019 1:32 AM

Sangeetha G