Business News

PLI Scheme For White Goods: 38 Firms Commit Investments Worth Rs 4,121 Crore

New Delhi: In a boost for local manufacturing, 38 companies have applied for the PLI scheme for white goods (air conditioners and LED lights) with a net committed investment of Rs 4,121 crore in the third round, the government informed on Monday.   The third round of the online application window ended on October 12 after […]

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FPIs Selling Did Not Impact Indian Stock Market Much As DIIs Come To Rescue

Mumbai: Foreign portfolio investors (FPIs) sold equity worth Rs 58,710 crore (till October 11), but massive selling didn’t have a serious impact on the market, market experts said on Saturday.  According to them, the entire FPI selling has been absorbed by the domestic institutional investors (DIIs) who are receiving sustained fund inflows. The major trend

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Ratan Tata In Critical Condition, Admitted At Mumbai Hospital: Report

New Delhi: Ratan Tata, chairman emeritus of Tata Sons is reportedly in critical condition and receiving intense care at a Mumbai hospital, according to a Reuters report on Wednesday. Initial reports of his hospitalization surfaced earlier in the week, but Tata had reassured the public, stating he was undergoing routine medical checkups due to his

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Do You Want To Give Inputs On Income Tax Act? Govt Invites Suggestions On e-Filing Portal

New Delhi: The Central Board of Direct Taxes (CBDT) has formed an internal committee to comprehensively review Income-tax Act and invites suggestions from stakeholders/experts/public on the Income Tax e-filing portal. “In pursuance of the announcement in the Union Budget 2024-25 by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, the Central Board of

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GST Panel Deliberates On Lowering Rate On Health Insurance, Tractors

New Delhi: As the government focuses on GST 2.0 which further eases tax laws, enhance tax simplification and adoption of technology, the ministerial panel tasked to rationalise rates is deliberating on lowering GST on essential items like health insurance and tractors up to 5 per cent.  As tractor segment volumes saw marginal growth (year-on-year) in

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Companies That Push Workers Too Hard Won’t Sustain Their Pace: Zoho CEO Vembu

New Delhi: Amid an intense debate in India Inc about high stress at workplaces, Zoho CEO and Co-founder Sridhar Vembu has said companies that push workers “very hard” will not be able to sustain the pace and advocated that a “different” mindset is needed to build long-term and sustainable organisations. In an interview to PTI,

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IPO Market Buzz Continues Next Week With 3 New Public Issues

Mumbai: India’s primary market continues to boom, with three SME IPOs set to launch next week from September 30, and the market will see several main board IPO listings like KRN Heat Exchanges, which received massive subscriptions of over 200 times.  NeoPolitan Pizza, Foods SME IPO will open for retail investors from September 30 to

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30-Year-Old Thai Factory Worker Dies After Sick Leave Request Denied By Manager

New Delhi: In a tragic incident that has sparked widespread concern, a 30- year old factory worker in Thailand collapsed and died just one day after her manager denied her request for sick leave. This shocking incident underscores the growing global discussion about the significance of work-life balance and the health of employees in the

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10 Thousand Locomotives Will Be Covered By Kavach 4.0 In Coming Years: Ashwini Vaishnaw

Union Railway Minister Ashwini Vaishnaw on Tuesday inspected the Kavach 4.0 in Rajasthan and said that Kavach 4.0 has started for the first time in India from Sawai Madhopur, adding that in the coming years, 10 thousand locomotives will be covered by Kavach.  “Kavach 4.0 has started for the first time in India from Sawai

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