The Supreme Court has asked Samsung, LG, Vivo, and Oppo to respond to a customs department appeal challenging a lower 12% IGST on imported lithium-ion batteries. The department argues these batteries, with independent commercial identity, should face a 28% IGST,…
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India’s commerce ministry will launch a weekly system to monitor export-import trends and industry stress. This move addresses concerns over supply chain disruptions and rising costs impacting sectors like apparel and medical devices. Discussions involved challenges with packaging materials and…
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Nifty 50 companies are likely to report just over 3% year-on-year growth in cumulative net profit for the March quarter, sharply lower than the 9% growth seen in the December quarter.
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India’s shipping ministry has given special permission for four vessels carrying Iranian oil to dock at Sikka port. Reliance Industries requested this special one-time exemption. This move comes amid an emergency situation due to the closure of the Strait of…
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Indian CFOs are preparing for extreme currency scenarios, including a rupee at ₹100 to the dollar and oil at $150 per barrel, due to geopolitical tensions. However, economists and CFOs deem these levels unlikely in FY27, expecting the rupee to…
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Dubai has imposed a one-flight-per-day limit on foreign airlines until May 31. This move, driven by the Iran crisis, is causing significant revenue loss fears for Indian carriers. Indian airlines had planned many more flights than others. The Federation of…
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