India steel imports from China hit record high, data shows
Total imports of finished steel were at an eight-year high with India, the world’s second-biggest crude steel producer, a net importer during the period.
Read More
TReDS bill financing crosses Rs 2-lakh crore mark
TReDS is an initiative introduced by the RBI and backed by the MSME Ministry. It serves as an electronic platform facilitating the financing and discounting of trade receivables of MSMEs through multiple financiers in order to solve their working capital-related…
Read More
India considers exempting gift vouchers from GST; Council to discuss key issues
The GST Council is contemplating exempting gift vouchers from GST and reducing tax rates on insurance premiums. They are also considering an 18% GST on used cars, including electric vehicles, and a potential 35% slab for sin goods. However, states…
Read More
India’s Supreme Court may have paved the way to erase half of the country’s budget deficit
On October 24, India’s top court ordered that companies will be liable to pay statutory dues even on non-telecom revenue earned using spectrum. The amount of money that the government can make, thanks to this verdict, may be good enough…
Read More
Tata Trusts tightens monitoring, shifts focus to grant-making
Tata Trusts has implemented stricter monthly reviews of projects to control operational costs and improve the impact of its philanthropic efforts. An internal audit revealed discrepancies, prompting enhanced monitoring and reporting. The Trusts may prioritize grants over direct implementation projects…
Read More
Tata Consumer Products denies reports on exit of Starbucks from India
Tata Group refuted rumors of Starbucks leaving India. Starbucks operates 457 stores in India through a joint venture with Tata. The company aims to reach 1,000 stores by FY28. Starbucks India revenue grew but losses widened due to expansion. Tata…
Read More