The US Treasury implemented new battery sourcing rules in December, to reduce dependence on Chinese suppliers in the electric vehicle supply chain. As a result of these rules, many electric vehicles, including models from Nissan, Tesla (Cybertruck All-Wheel Drive, Model 3 Rear Wheel Drive) and Chevrolet (Blazer EV), lost eligibility for tax credits of up […]
In a spectacular display of its growing dominance in the food delivery industry, Zomato celebrated a triumphant New Year’s Eve, marking a significant surge in orders that eclipsed previous years’ records. Zomato CEO Deepinder Goyal took to social media to share some incredible news. In a post, he unveiled a remarkable achievement for the platform […]
The Goods and Services Tax (GST) Council last week said that it has decided not to impose a tax on Extra Neutral Alcohol (ENA) at the national level, however, it’s now up to the states whether to tax ENA or not. ENA is an important ingredient used in making alcoholic drinks for human consumption. The […]
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 […]
Steel Authority of India Limited (SAIL) reported a 74 per cent decline in consolidated net profits in April-June 2023 quarter at Rs 212.48 crore. The state-owned company declared its financial results for the June quarter on Thursday evening. In the same quarter last year, the net profits or Profit After Tax were Rs 804.5 crore. […]
The rating agency Icra estimated pan-India premium hotel occupancy at 70 to 72 per cent in FY2024, after recovering to 68 to 70 per cent in FY2023. Pan-India premium hotel average room rates (ARRs) are expected to be at Rs 6,000 to 6,200 in FY2024. While the occupancy is expected to be at decadal highs, […]
Ekart, a supply chain network, will now offer B2B trucking and transportation services through a fleet of more than 7,000 trucks across the country, the company announced on Monday. According to the company, the launch of its B2B Express services across air and surface modes will cater to brands, manufacturers and retailers across industries. This […]
