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The Cait, meanwhile, said it will launch a nationwide movement from July 26 to demand a new GST law and review of rules afresh for radical changes in the GST. — DC File Image

Wholesale food grain trade exempted from GST levy

The government has clarified that the new GST is applicable only on pre-packed and pre-labelled products weighing up to 25 kg

19 Jul 2022 4:33 AM

Delhi had the highest number of struck off shell companies at 19,464. Maharashtra comes second with 16,023 companies. Uttar Pradesh had 12,823 companies and West Bengal 11,044. Karnataka, which houses a large number of start-ups saw 6,111 companies struck off from the rolls of the registrars of companies. Tamil Nadu saw 6,989 companies, Telangana 5,332, Andhra Pradesh 2,232 and Kerala 6,199 losing their registration. — Representational Image/PTI Image

Over 1.12 lakh shell firms struck off since 2019

In 2019, the government informed that the CBI had registered 30 cases against 104 shell companies in the four years

19 Jul 2022 4:31 AM

Institutional investments in real estate rose 14 per cent to $2.6 billion, led by the office sector with a 48 per cent share in it. — Representational image/DC

Office realty sees strong momentum in H1

Office absorption in the major cities stood at 29.5 million square feet, up 157 per cent over Covid-hit H1 2021

12 Jul 2022 9:42 AM

Even among metros, Bangalore at 124 per cent and Chennai at 102 per cent have seen demand moving above pre-Covid levels. In Hyderabad it is around 84 per cent, Delhi 76 per cent, Mumbai 59 per cent and Pune 50 per cent. — Representational image/ANI

Credit demand of MSMEs at 85 pc of pre-Covid levels

In case of metro cities, demand is around 81 per cent levels as of March 2022. Non-metros have seen a rebound to 99% of pre-Covid levels

14 Jun 2022 1:00 AM

Private equity accounts for a large part of FDI inflows and FY21 saw big-ticket investments into Jio and Reliance Retail. — Representational image/DC

FDI inflows up 2% in FY22

FDI inflows to the tune of $83.57 billion were recorded in FY2 against $81.97 billion in FY21, a growth of 1.95 per cent

21 May 2022 11:21 AM

About 61 per cent or 473 complaints received against Uber were regarding deficiency of services. — AFP

Consumer body issues notice to Ola, Uber

As per the data from National Consumer Helpline for April, 2,482 grievances were registered by consumers against Ola and 770 against Uber

21 May 2022 11:15 AM

Seoul stood second in rental performance on a quarterly basis and first on a year-on-year basis. — Representative image/DC

Bengaluru office rentals soar fastest

As per Knight Frank’s Asia-Pacific Prime Office Rental Index for Q1 2022, Bengaluru was the best performing market

28 Apr 2022 9:22 AM

Though online sales account for a small percentage of overall sales, Flipkart too has witnessed heavy incremental sales this time. — Representational image/DC

Early summer makes AC firms turn bullish on sales

After two years of dampened sales, this summer has turned really hot for the AC manufacturers

25 Apr 2022 8:07 AM

The negative impact of the war on the US, the EU, and Chinese economies could dampen external demand for India's exports, while supply chain disruptions could negatively affect India's import volumes and the prices. — By arrangement

India can partially offset war impact on CAD, says IMF

The global economic fallout of the war is expected to negatively impact India's economy through a number of channels

21 Mar 2022 9:48 AM

Among other groups, Godrej has nine brands, Amul, LG, M&M, Samsung have eight brands each and Reliance has seven brands featured in the report. — Twitter

Tata has 36 brands in Most Trusted Brands list

Titan, the leader of the watches category, was up 33 ranks over last year to occupy 8th rank

12 Mar 2022 2:09 AM

Total merchandise exports for the full year are expected to amount to $414.8 billion, growing at 42 per cent over last year. Non-oil exports for the full year are expected to be around $353.4 billion, growing at 33 per cent, during the same period. — AFP

Exports to touch $414 bn: Exim Bank

India’s exports for the March quarter are expected to cross the $100 billion mark for the third consecutive quarter in a row

12 Mar 2022 2:02 AM

Rough diamonds with caratage starting from 2 carats to 34 carats were put on display prior to the auction. NMDC's Panna diamond mine is the largest in Madhya Pradesh and the state accounts for 90 per cent of India's diamond resources. — Representational image/DC

NMDC auctions over 8,300 carats of rough diamonds

The e-auction received an “overwhelming” response from diamond merchants of Surat, Mumbai and Panna

11 Mar 2022 8:18 AM

Hober Mallow Trust is a private trust owned by Infosys co-founder N. R. Narayana Murthy and his wife and the investments are held through Catamaran Ventures, according to Catamaran officials. — DC Image

CCI nod for Amazon buying Cloudtail stake

Amazon Asia-Pacific has proposed to acquire a 76 per cent stake in Prione Business

11 Mar 2022 8:14 AM

Russia's MMC Norilsk Nickel PJSC, which operates mines in Siberia, supplies about 17 per cent of the world's so-called "Class 1" nickel, a high-purity form that's more suitable for batteries. — AP

LME shuts nickel market over price-surge; MCX may follow suit

Tuesday's price surge came after state-owned China Construction Bank was granted more time to pay margin calls

09 Mar 2022 9:38 AM

According to the Gems and Jewellery Export Promotion Council, the scheduled Foreign Trade Agreement (FTA) with the UAE on Friday would help the industry to take a bigger leap in exports of plain gold and gold studded jewellery, which was hit badly during the pandemic. — Representational image/DC

UAE slips to third slot in gems & jewellery exports

This year the US has returned to the top slot with a share of 38.7 per cent of the total gems and jewellery exports

18 Feb 2022 9:17 AM

RedSeer Consultants say the market penetration of quick commerce was estimated at $0.3 billion in CY2021 and is expected to grow to $5 billion by 2025. — Representational image/PTI

Quick delivery services driving hiring in e-com

The year seems to be optimistic for last mile delivery services and a healthy kick-start is expected, says TeamLease Services

14 Feb 2022 8:34 AM

According to Pande, expenditure towards medical and public health is a key component in the budgetary allocation of the ministry for health and family welfare like Central Government Health Scheme, National Aids Control Organisation and National Health Authority, which runs Ayushman Bharat scheme. — PTI

Centre slashes healthcare spending by Rs 33,809 crore

The Budget estimates that the requirement for vaccination would be lesser in the coming fiscal year with many being vaccinated

05 Feb 2022 10:47 AM

Trade in intermediate goods, which are inputs used to produce a final product, is an indicator of the robustness of global supply chains. — DC Image

Intermediate goods imports post growth

For the third consecutive quarter, India had the highest growth of intermediate goods imports of 65 per cent

05 Feb 2022 10:30 AM

This is meant to reduce litigation, but will not provide additional refund. (Representational image: PTI)

I-T returns can be updated in two years to correct any errors

This will avoid the lengthy process of litigation if the department finds that some income has been missed out by the assesse

02 Feb 2022 2:06 AM

The 30 per cent tax with 1 per cent TDS will be a deterrent to several investors who are jumping into the crypto bandwagon. — AFP

Cryptos to stay with 30 pc tax; digital rupee next fiscal

The gift of virtual digital assets will be taxed in the hands of the recipient

02 Feb 2022 2:03 AM

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Mohan Guruswamy