The Indian equity markets rebounded on Monday with Sensex gaining over 400 points and Nifty hovering over 22,500. Both indices opened with a gap-up, snapping the 8-day losing streak, with Nifty PSU Bank emerging as a major gainer during the…
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Growing export opportunities, the China-plus-one strategy, which involves companies diversifying their supply chains beyond China, and government support are some of the other key tailwinds. At the same time, domestic EMS companies are gradually moving beyond basic assembly to more…
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Air-conditioner and consumer appliance prices have risen 5-8% ahead of the festive season, but manufacturers expect sales to grow in double digits, driven by premiumisation, replacement demand, easy financing and improving consumer sentiment.
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AkzoNobel is close to finalizing a deal with Nippon Paint for its Southeast Asian decorative paints business. This potential agreement is expected to surpass $1 billion and may be announced soon. The divestment would involve operations across several countries, including…
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Under the Goods and Services Tax law, GST is exempt on individuals buying life or health policies for themselves or their family. However, when a business buys life or health cover for its employees, tax is charged on that cover,…
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The GST Council is expected to consider a proposal regarding IGST exemption on precious metal imports. This exemption, provided in 2017, allowed banks and nominated agencies to import gold, silver, and platinum without taxes. The withdrawal aims to level the…
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