India will have to leverage its sizable home market to become more competitive and scale up production to enjoy the benefits of scale economies Promoting the micro, small and medium enterprises (MSMEs), enhancing skills to build future workforce and larger exports, focussing on high-end manufacturing, taking digital India to the next level and promoting cleaner […]
The sugar production in India has registered a decline of 1.19 per cent during the 2023-24 market year (October-September 21) as recorded up to February this year. Indian Sugar Mills Association (ISMA) released a report for the production of sugar to the extent of 25.53 million tonnes (MT). In comparison to the past year, the […]
The Karnataka government presented the Cigarettes and Other Tobacco Products Bill, 2024 which increased the age limit for the sale of cigarettes from 18 years to 21 years. The Cigarettes and Other Tobacco Products (Prohibition of Advertisement and Regulation of Trade and Commerce, Manufacture, Supply and Distribution) (Karnataka Amendment) Bill was passed in the Assembly […]
The sugar production in India experienced a decline of 2.48 per cent, totalling 22.36 million tonne until 15 February in the ongoing 2023-24 marketing year, according to the latest data released by the Indian Sugar Mills Association (ISMA). Comparatively, during the same period in the previous year, sugar production stood at 22.93 million tonne. The […]
The Karnataka state government will adjust tax rates throughout the 18 slabs of Indian Made Liquor (IML) to preserve its earnings and avoid trade diversion to adjacent states. “In order to rationalise the tax slabs and make them competitive with neighbouring states, the tax slabs for IML and beer will be revised,” Chief Minister Siddaramaiah […]
Finance Minister Nirmala Sitharaman, while addressing the Parliament during the discussion on the Interim Union Budget for 2024-25, emphasised key financial indicators and government initiatives aimed at bolstering economic growth and fiscal stability. Sitharaman’s remarks shed light on various aspects of the budget, including inflation, capital expenditure, and allocations for Jammu and Kashmir. Addressing inflation […]
Ikea, the Swedish omnichannel home furnishings retailer said that it will deliver its ecommerce deliveries to thousands of pin codes across 62 districts in the states of Maharashtra, Karnataka, Telangana and Andhra Pradesh. Susanne Pulverer, CEO & CSO (Chief Sustainability Officer), IKEA India shares, “IKEA has received a lot of customer love and trust over […]
In a significant development, the Competition Commission of India (CCI) has granted approval for the complete acquisition of Wistron Infocomm Manufacturing (India) by Tata Electronics. The proposed deal involves the acquisition of the entire equity share capital of Wistron Infocomm Manufacturing (India) from SMS Infocomm (Singapore) and Wistron Hong Kong by Tata Electronics, a greenfield […]
Foxconn, also known as Hon Hai Precision Industry, on Wednesday said it has struck strategic collaboration deal with HCL Group to establish a chip packaging and testing venture in India. According to filings on the Taiwanese stock exchange, Foxconn Hon Hai Technology India Mega Development, a subsidiary of the Taiwanese giant, is set to invest […]
Food delivery platform Zomato revealed on Sunday that it has been served with notices from tax authorities in Delhi and Karnataka regarding purportedly insufficient payment of goods and services tax in 2018, amounting to Rs 4.2 crore. Zomato, in a filing with stock exchanges, stated its intention to contest the tax demand notices and emphasised […]
