India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Notebook manufacturers are appealing to the GST Council to move notebooks from the 'nil' GST rate to the 5% bracket. They argue that the increased GST on paper, a key input, from 12% to 18%, while the final product remains 'nil'-rated, prevents them from claiming input tax credit. Notebook manufacturers have appealed to the GST Council to take off their product from the "nil" GST rate and place it under the 5% bracket insisting that the latest rate change will make student notebooks costlier. T
Bengaluru: Small businesses across Karnataka -- including tea stalls, bakeries, salons, and local eateries -- have raised concerns after receiving GST notices based on their UPI transaction volumes. The Commercial Tax Department has issued these notices to entities whose annual digital receipts exceeded ₹40 lakh for goods or ₹20 lakh for services, even if they are not GST-registered. Tax consultants are urging affected traders to respond to the notices within the stipulated deadline to avoid penalties and interest. "Traders need not panic or pay tax immediately. But they must respond with pro ...Read More >
BusinessWire India Ahmedabad (Gujarat) [India], April 8: Greendot Biopak Pvt. Ltd., a globally recognised material science company in the sustainable packaging space, is strengthening its focus on 100% bio-based & home compostable aqueous barrier coating and coated paper and paperboard packaging solutions for India and global foodservice markets. The company is deepening its work in this area as brands, converters and foodservice businesses look for alternatives to conventional single-use plastic products and disposables that can better meet evolving performance, sustainability and regulatory ...Read More >
New Delhi, Aug 21 (SocialNews.XYZ) As the Centre prepares to revamp GST rates, the Federation of Hotel & Restaurant Associations of India (FHRAI) has urged Finance Minister Nirmala Sitharaman to implement a uniform 5 per cent GST rate with input tax credit to make tourism affordable. The FHRAI argued that India's GST rates are higher than Asian peers like Thailand and Singapore, where rates are as low as 6 to 10 per cent. India's higher GST structure reduces affordability and weakens its appeal for international travellers, it said. "The appeal to cut rates seeks to position Indian tourism a ...Read More >
Despite its vast potential, the full capabilities of GST data remain largely unrealised. While aggregate data provides a broad overview of tax performance and health of the Indian economy, disaggregated sector-wise information is crucial for evidence-based policymaking. A closer look at the performance of GST revenue collection raises several questions. First, though the growth of GST revenue collection improved in the last seven years (13 per cent) compared to the pre-GST period 2012-17 (11.8 per cent), there has been hardly an increase in the tax base of GST in the last seven years compared ...Read More >
NEW DELHI: Everyday consumer products such as soft drinks and biscuits were allegedly sold in the city long after their expiry dates, posing a serious risk to public health.Delhi Police busted an illegal operation running out of a godown in Dwarka, where expired and near-expiry food items of multinational brands were allegedly repackaged and circulated in the market with forged manufacturing and expiry dates.Acting on a tip-off received on March 29, police raided a godown in Bamnoli village and seized a large consignment of soft drinks and packaged food items. Two men found at the spot -- Shiv ...Read More >
NewsVoir Mumbai (Maharashtra) [India], August 8: Acclaimed actor and sustainability advocate Bhumi Pednekar, along with her sister, lawyer-turned-entrepreneur Samiksha Pednekar, unveil Backbay a next-generation beverage brand that reimagines hydration for the modern Indian lifestyle. Rooted in wellness and shaped by conscious consumption, Backbay's debut offering is natural mineral water, bottled at source in the Himalayan foothills. Rich in naturally occurring minerals and electrolytes, it's housed in sleek, planet-conscious cartons--designed as a bold, sustainable alternative to traditional ...Read More >
Kolkata, Oct 30 (PTI) Diversified conglomerate ITC Ltd on Thursday reported a 4.1 per cent year-on-year rise in its consolidated net profit to Rs 5,187 crore for the second quarter of the 2025-26 fiscal as compared to Rs 5,054 crore in the same period last year. Consolidated revenue from operations for the July-September quarter marginally declined to Rs 21,256 crore from Rs 21,536 crore a year ago, reflecting a normalisation in the agri business that had witnessed an exceptional export base in the previous year, the company informed the bourses. Its FMCG segment, comprising cigarettes and o ...Read More >
Mumbai (Maharashtra) [India], August 8: Acclaimed actor and sustainability advocate Bhumi Pednekar, along with her sister, lawyer-turned-entrepreneur Samiksha Pednekar, unveil Backbay a next-generation beverage brand that reimagines hydration for the modern Indian lifestyle. Rooted in wellness and shaped by conscious consumption, Backbay debut offering is natural mineral water, bottled at source in the Himalayan foothills. Rich in naturally occurring minerals and electrolytes, it housed in sleek, planet-conscious cartons--designed as a bold, sustainable alternative to traditional PET packaging ...Read More >
Ahmedabad (Gujarat) [India], April 8: Greendot Biopak Pvt. Ltd., a globally recognised material science company in the sustainable packaging space, is strengthening its focus on 100% bio-based & home compostable aqueous barrier coating and coated paper and paperboard packaging solutions for India and global foodservice markets. The company is deepening its work in this area as brands, converters and foodservice businesses look for alternatives to conventional single-use plastic products and disposables that can better meet evolving performance, sustainability and regulatory requirements. Also ...Read More >