The gross Goods and Services Tax revenue collected in the month of August was Rs 159,069 crore, official data from the Ministry of Finance showed on Friday. The monthly revenue is 11 per cent higher than the collection the same month the previous year. Of the total collection, CGST was Rs 28,328 crore, SGST was […]
India’s manufacturing sector growth gained momentum in August with the Purchasing Managers Index (PMI) posting 58.6 as compared to 57.7 in July. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. According to S&P Global’s India Manufacturing […]
IT major HP is reportedly in talks for its application for the Production Linked Incentive Scheme 2.0 (PLI 2.0) which was recently revised by the Centre and has been receiving excellent response since then. HP’s PLI 2.0 participation was highlighted by a media report on Thursday which said the company is aiming to expand its […]
Amazon on Thursday announced a series of strategic initiatives at the fourth edition of the Amazon Smbhav Summit in New Delhi. The event brought together policy makers, industry leaders, startups, and Amazon executives to discuss ways to unlock the potential of a Digital India. Amazon’s initiatives are in line with its commitment to India’s growth […]
The global home textile industry is on the cusp of a remarkable recovery as revenues are projected to surge between 7-9 per cent in the current fiscal year, according to a recent report by Crisil Ratings. This positive outlook comes as a welcome relief after the sector weathered a challenging period, grappling with a steep […]
Global automakers are looking to turn India into an export hub, as people are shifting from local demand to pricier vehicles and that may spur more ‘India-first’ models, Nikkei Asia reported. India had already surpassed Japan and become the world’s third-largest car market and now it seems that they are turning the global manufacturers towards […]
Amid Raksha Bandhan 2023, the Confederation of All India Traders (CAIT), a national-level trade organisation on Monday has estimated that India will register a revenue of over Rs 10,000 crore. BC Bhartia, National President and Praveen Khandelwal, Secretary-General, CAIT said, “This year Rakhi business is expected to be around Rs 10,000 crore whereas last year […]
Indian micro, small and medium enterprises (MSMEs) contribute around 30 per cent to India’s gross domestic product (GDP), constitute nearly 40 per cent of total exports and provide employment to about 11 crore people; more than half of them are located in rural India. Despite challenges, the sector is the backbone of the nation’s economy. […]
The Indian telecom industry demonstrated a positive trend in the fourth quarter of fiscal year 2023, with an impressive 2.53 per cent sequential growth in adjusted gross revenue (AGR), according to the latest data released by the Telecom Regulatory Authority of India (Trai) on Monday. The driving force behind this growth was attributed to the […]
Deficient Rainfall in several parts of India may cause pulse prices to surge, adding to the burden on the masses after rising vegetable costs. With the sowing season about to end, pulses sowing have declined further and is expected to be largely lower, according to a recent report. The report Monsoon and Sowing: Update released […]
