India’s steel industry’s capacity utilization is projected to fall below 80% in 2024-25 due to rising cheap imports, impacting domestic producers’ market share. This decline follows three years of high utilization, robust investments, and manageable debt levels.
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The demand pertains to unpaid tax dues for the period October 29, 2019 to March 31, 2022 and includes a tax demand of INR 401.7 crore, and a penalty and interest component of a similar amount.
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Outlining the priorities of the economy for the next decade, Sitharaman said the industry should work with small and medium enterprises to explore how they can support large units, while equally contributing to job creation.
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As the new year unfolds, India Inc stands at a crossroads where strategic decision-making will determine its trajectory. While near-term challenges may temper growth expectations, the underlying resilience of India’s economy and its corporate sector offers ample opportunities for long-term…
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2024 witnessed many CFOs stepping into such transformative roles across India Inc. Notable moves include Aditya Pande as Group CEO at InterGlobe Enterprises, Nalin Negi as BharatPe CEO, Manoj Bhat as Mahindra Holidays CEO, and Shrikant Kanhere as Deputy CEO…
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India’s startup ecosystem faces a setback with over 5,000 closures, led by Maharashtra, amid funding challenges and intense competition. However, the Startup India initiative continues to create millions of jobs across sectors, as revealed by the Minister of State in…
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