In the electronics segment, LG, Samsung, Panasonic, Daikin and Havells-owned Lloyd have issued circulars to their trade partners announcing price increases. LG, in a notice on Friday, said it will raise AC prices by 10%, while prices of other products…
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The Income Tax department on Monday said its e-filing portal will facilitate compliance under the old and Income Tax Acts, and all assessments, appeals, and other proceedings relating to earlier years will continue to be conducted under the old Act…
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In view of the evolving geopolitical situation due to the Iran war and its implications for maritime trade, the Centre has decided to restore the rates and value caps under the Remission of Duties and Taxes on Exported Products (RoDTEP)…
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The proposal, backed by shareholders after internal reviews, seeks to combine the asset acquisition and resolution functions currently split between the two entities. The merger is expected to take six to nine months, subject to regulatory and tribunal approvals, sources…
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Nifty finished at 22,512.65 – the lowest closing level since March last year – falling 601.85 points or 2.6%. Sensex ended at 72,696.39, down 2.5% or 1,836.57 points. Domestic indices have slumped nearly 11% since the start of West Asian…
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India’s IT hardware production-linked incentive scheme needs review. Rising graphics processing unit costs and the growth of artificial intelligence servers are key factors. A government official highlighted the need to adapt the scheme to capture domestic value addition in this…
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