New Delhi: The GST Council will soon decide on having fewer and lower rates as the review work is almost complete, Finance Minister Nirmala Sitharaman said on Tuesday. Currently, Goods and Services Tax (GST) is a four-tier tax structure with slabs at 5, 12, 18 and 28 per cent. Luxury and demerit goods are taxed at the highest bracket of 28 per cent, while packed food and essential items are in the lowest 5 per cent slab. The Council, chaired by Sitharaman and comprising her state counterparts,...Read More
New Delhi [India], February 4 (ANI): Around 10 exhibitors from Russia will participate in the India Energy Week (IEW), the second largest energy event globally, officials told ANI. India Energy Week 2025 is scheduled to take place from February 11-14 in New Delhi. IEW 2025, spanning over 1 lakh square metres, will be the second-largest energy event globally in terms of participation, exhibition space and sessions. This time more than 700 exhibitors have booked the space to display their produc...Read More
India Energy Week: RIL, Ashok Leyland unveil India's first hydrogen combustion engine technology for heavy-duty truck | Twitter Ashok Leyland, the leading commercial vehicle manufacturer and Indian flagship of the Hinduja Group, has been ranked No. 1 globally in Sustainalytics' ESG Risk Rating for the Heavy Machinery and Trucks sector in Q3 FY25. This recognition highlights the company's unwavering commitment to sustainability, which is a core principle of its corporate philosophy. Ashok Leyla...Read More
AMARAVATI (Andhra Pradesh): As part of its commitment to healthcare and community welfare, Xiaomi India, has partnered with the Sood Charity Foundation to enhance healthcare support to the Andhra Pradesh government. Under this initiative, Xiaomi India and the Sood Charity Foundation have donated four Type B (Patient Transport Vehicles) ambulances to enhance emergency response capabilities and strengthen healthcare infrastructure across underserved districts in Andhra Pradesh. The formal handove...Read More
VMPL Ernakulam (Kerala) [India], February 4: Kings Infra Ventures Limited, a pioneer in the seafood and aquaculture industry. Operates across the entire seafood value chain, from farming to international trade, with extensive infrastructure including farms, and processing facilities, has announced that the recent government budget has introduced significant customs duty changes aimed at strengthening India's aquaculture sector. Key modifications include: * Reduction in Basic Customs Duty (BCD...Read More
Bhopal, Feb 4 (VOICE) The Enforcement Directorate (ED) on Tuesday moved an application before a Bhopal district court, hearing the disproportionate assets case against ex-RTO Saurabh Sharma and his two associates, seeking permission to interrogate them.In its application, the ED sought the court's permission to interrogate Saurabh Sharma and his two associates - Chetan Gaur and Sharad Jaiswal, who were sent to judicial custody on Tuesday. The ED has not mentioned any specific date for questioni...Read More
UDAIPUR, India, Feb. 3, 2025 /PRNewswire/ -- IIM Udaipur proudly hosted the inaugural Roundtable of the JM Financial Centre for Financial Research, themed 'India @2047: The Role of BFSI.' The event brought together distinguished industry leaders and experts to discuss the BFSI sector's transformative role in shaping India's economic future through trends, innovations, and strategic initiatives for inclusive and sustainable growth. The insightful discussion was moderated by Prof. Ashok Banerjee, ...Read More
New Delhi [India], February 4 (ANI): The Central government has approved National Glacial Lake Outburst Flood Risk Mitigation Project (NGRMP) for its implementation in Arunachal Pradesh, Himachal Pradesh, Sikkim and Uttarakhand to reduce the risks associated with glacial lake outburst floods, particularly in regions that are highly susceptible to such natural disasters. Sharing the information to the Lok Sabha in a written reply on Tuesday, Union Minister of State for Home Nityanand Rai said th...Read More
New Delhi: Tata Power on Tuesday posted a 10 per cent on-year rise in consolidated net profit to Rs 1,188 crore in the quarter ended December 31, 2024 on higher revenues. It had reported a Rs 1,076 crore consolidated net profit in the quarter ended December 31, 2023, the company said in a statement. The company's total income also rose to Rs 15,793 crore in the quarter under review, from Rs 15,294 crore in the same period a year ago. "We have delivered a sustained PAT growth trajectory over t...Read More
New Delhi, Feb 4 (PTI) Energy and environment solutions provider Thermax on Tuesday reported a 52 per cent decline in its consolidated net profit to Rs 114 crore in the December quarter compared to a year ago. The company had reported a consolidated profit after tax of Rs 237 crore in the October-December quarter of 2023-24, boosted by an exceptional gain of Rs 126 crore from the sale of a vacant plot of land, a statement said. The company also explained that the current (December) quarter's r...Read More
New Delhi: Increasing foreign investment limit in the insurance sector to 100 per cent from 74 per cent is likely to attract more global players in the growing Indian insurance market, Moody's Ratings said on Tuesday. Additionally, strong premium growth is expected to boost profitability of the sector. Currently, many foreign insurers are present in the country through joint ventures and could seek to increase their ownership stakes in their Indian affiliates following this change in regulatio...Read More
NEW DELHI: Arizona State University (ASU), a global leader in innovation and higher education, is collaborating with Rajalakshmi Engineering College (REC), Chennai, to redefine global education pathways for Indian students. The initiative aims to introduce undergraduate and Master's degrees across key disciplines, including Computer Science, Engineering, and Business & Management. Speaking on this occasion, ASU President Michael M. Crow said, "With India as our largest source of international s...Read More
Gurugram, : RITES Limited, a Navratna Public Sector Enterprise, has been awarded the 'Gold' under the 'Public Sector Entities' category at the ICAI Awards for Excellence in Financial Reporting for the financial year 2023-24. Hon'ble Union Minster Mr. Arjun Ram Meghwal presents the 'Gold Award' to RITES' Director (Finance) Mr. K.G. Agarwal at a ceremony in New Delhi on Saturday. The ICAI 'Gold' Award stands as a testament to RITES' commitment to financial excellence, transparency, and regulato...Read More
Bhubaneswar: Opposition Biju Janata Dal (BJD) on Tuesday made a scathing attack on the BJP-led Central government for neglecting Odisha in the Railway Budget. Senior BJD leader and former MP Amar Patnaik said that the people of Odisha have been betrayed by Union Railway Minister Ashwini Vaishnaw. The Union Minister said that Odisha has been allocated Rs 10,599 crore in the Railway Budget this year. The Minister claims that the state receives Rs 10,000 more every year. But how much revenues the...Read More
Mumbai, February 4: The Indian stock market on Tuesday ended on a strong note with both the BSE Sensex and NSE Nifty closed with gains of more than1 per cent as investors closely monitored tariff-related developments in the United States. The Sensex, after touching the day's high of 78,658.59, settled at 78,583.81 with an increase of 1,397.07 points or 1.81 per cent from the previous close. Meanwhile, the Nifty ended at 23,739.25, up by 387.20 points or 1.62 per cent. The index traded within a ...Read More
Jamshedpur: Jharkhand has received a record allocation of ₹7,306 crore for railway modernization and expansion in the Union Budget 2025-26, a significant jump from the average allocation of ₹457 crore during 2009-14. Railway Minister Ashwini Vaishnaw announced the budget details through a video conference from New Delhi, highlighting substantial increases in railway funding for West Bengal, Jharkhand, and Odisha. The allocation for Jharkhand in 2025-26 is nearly 16 times higher than the average...Read More
Mumbai, Feb 4 (PTI) Benchmark stock indices Sensex and Nifty rebounded nearly 2 per cent on Tuesday in line with a recovery in Asian peers after US President Donald Trump delayed tariffs on Mexico and Canada for a month. The 30-share BSE Sensex jumped 1,397.07 points or 1.81 per cent to settle at a month's high of 78,583.81. During the day, it surged 1,471.85 points or 1.90 per cent to 78,658.59. The NSE Nifty soared 378.20 points or 1.62 per cent to 23,739.25, a level not seen since January 3...Read More
Punjab News: Union Railway Minister Ashwini Vaishnaw announced on Monday that the Indian Railways has allocated ₹5421 crore to enhance railway infrastructure in Punjab. Union Railway Minister Ashwini Vaishnaw announced on Monday that the Indian Railways has allocated ₹5421 crore to enhance railway infrastructure in Punjab. The announcement, made via video conferencing, highlighted that this year's funding is 24 times higher compared to the period between 2009-2014. The minister revealed that 3...Read More
Kolkata: A 794-km road trip from Kolkata to Prayagraj, covered in 16 hours by a luxury sleeper or seater AC bus, is the newest choice for the city's devotees heading for a holy dip at Maha Kumbh, even though a seat costs significantly more than that for a train ride. Following the sudden cancellation of all Kumbh special trains after the Mauni Amavasya stampede and the long waiting list on other trains on the route, as well as the soaring flight fares, many have now turned to these buses on whic...Read More
New Delhi, Feb 4 (PTI) The new Shein India app, which went live last Friday, has products which are manufactured, marketed and sold only by Nextgen Fast Fashion, a fully owned subsidiary of Reliance Retail Ventures Ltd. Nextgen manufactures these products on the Shein India platform through a wide network of Indian manufacturers, in which most of which are MSMEs (micro, small and medium enterprises), according to an industry insider. Shein has re-entered the Indian market almost five years aft...Read More
Panaji, Feb 4 (PTI) Goa Chief Minister Pramod Sawant on Tuesday said Union Finance Minister Nirmala Sitharaman has accepted the state's request to continue the scheme for special assistance to states for capital investment in 2025-26 with an outlay of Rs 1.5 lakh crore. Addressing a press conference here, the chief minister analysed the takeaways for the coastal state in the Union budget tabled on February 1. Sawant said, "The Union Finance Minister has accepted our request to continue the sch...Read More
New Delhi [India], February 3: The recently introduced Union Budget for the financial year 2025-26 has placed a significant emphasis on revitalizing the agricultural sector, which has always been the backbone of India's economy. Agriculture is not just a means of livelihood for millions; it plays a crucial role in ensuring food security and sustaining rural communities. With approximately 58% of the Indian population relying on agriculture for their livelihoods, its importance cannot be overstat...Read More
New Delhi, Feb 3 (PTI) Gold prices jumped Rs 400 to hit a fresh record high of Rs 85,300 per 10 grams in the national capital on Monday on the back of continued demand by jewellers and stockists, according to the All India Sarafa Association. Traders said sharp depreciation in rupee and firm trends in the international markets lifted gold rates to record high levels. The precious metal of 99.9 per cent purity had settled at Rs 84,900 per 10 grams on Saturday. Gold of 99.5 per cent purity rose...Read More
New Delhi [India], February 3: SarkarSEO, a leading SEO agency, is introducing a new approach to digital rankings with its Search Everywhere Optimization strategy. As AI-powered search engines like ChatGPT, Perplexity, and Bing AI change how people find information, SarkarSEO is helping businesses rank across all platforms, not just Google. Also Read | US Shocker: Woman Allegedly Beats 14-Year-Old Son to Death With Extension Cord Over Unfinished Chores, Waits 5 Minutes Before Calling 911; Arres...Read More
New Delhi [India], February 3 (ANI): The Supreme Court on Monday sought the Central Forensic Science Laboratory (CFSL) report on the examination of certain leaked audio tapes which allegedly implicate Manipur Chief Minister N Biren Singh for instigating ethnic violence in the state. A bench of Chief Justice of India Sanjiv Khanna and Justice Sanjay Kumar said the CFSL report should be submitted in six weeks in a sealed cover. Also Read | Bengaluru Water Crisis: Residents Brace for Harsh Summer...Read More
New Delhi: The road transport ministry is working on a uniform toll policy to benefit national highway users, Union Minister Nitin Gadkari said on Monday. Gadkari also asserted that now India's highway infrastructure matches that of the US. "We are working on a uniform toll policy. It will address the problem faced by the commuters," he told PTI in an interview, without elaborating further. Gadkari was responding to a question on simmering discontent among users of National Highways on account ...Read More
MUMBAI: India's stock markets on Monday were trading lower as weak global cues and a decline in Asian markets weighed on investor sentiment. The benchmark indices, Sensex and Nifty, struggled throughout the day, with most sectors witnessing losses. At the closing bell, the BSE Sensex had dropped 319.22 points, or 0.41 per cent, to settle at 77, 186.74, while the Nifty was down 121.10 points, or 0.52 per cent, to close the trading session at 23, 361.05. The decline in the Indian share market i...Read More
Mumbai: The RBI is likely to reduce the key interest rate by 25 basis points this week after keeping it on hold for two years, complementing the Union Budget initiatives to push consumption-led demand, though the sliding rupee continues to be a concern. As the retail inflation has remained within the Reserve Bank's comfort zone (less than 6 per cent) for most of the year, the central bank can take rate action to boost growth hit by sluggish consumption, opined experts. The Reserve Bank of Indi...Read More
VMPL New Delhi [India], February 3: The recently introduced Union Budget for the financial year 2025-26 has placed a significant emphasis on revitalizing the agricultural sector, which has always been the backbone of India's economy. Agriculture is not just a means of livelihood for millions; it plays a crucial role in ensuring food security and sustaining rural communities. With approximately 58% of the Indian population relying on agriculture for their livelihoods, its importance cannot be ov...Read More
Indian Finance Secretary Tuhin Kanta Pandey says: "Our stance is that we don't want to increase protection." India does not want to give any signal that it is protectionist, the top bureaucrat in the finance ministry said, after slashing import duties on high-end motorcycles, amid US President Donald Trump's moves on tariffs. Sunday's remarks came a day after Trump ignited a trade war with sweeping tariffs on Canada, Mexico and China. None were aimed at India, although Trump had called it a ta...Read More