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In Focus
Special attention to MSMEs in Budget 2024-25: New credit guarantee scheme; hike in Mudra loans
In the first Budget of Modi government's third term, Sitharaman introduced a new credit guarantee scheme for term loans to acquire machinery and equipment and proposed raising the Mudra loan limit from Rs 10 lakh to Rs 20 lakhBengaluru:...
Consumer Durables & IT
Govt cuts import duty on mobile phones; imported handsets to become up to 6% cheaper
PTI -
The industry witnessed three-fold increase in domestic production and almost 100-fold jump in exports of mobile phones over the last six yearsNew Delhi: Imported mobile phones will become cheaper by up to 6 per cent as the government in...
Fashion & Lifestyle
Govt cuts customs duty on gold, silver, mobile phones
PTI -
The Budget 2024 proposed reduction in basic customs duty on gold and silver to 6 per cent, platinum to 6.4 per cent and mobile phones, mobile charger to 15 per centNew Delhi: Finance Minister Nirmala Sitharaman on Tuesday proposed...
In Focus
Relief for salaried class under new tax regime; 50% hike in standard deduction to Rs 75,000
PTI -
Finance Minister Nirmala Sitharaman said salaried employees in the new tax regime could save up to Rs 17,500 in income tax annually following the changes announced in the BudgetNew Delhi: In sops for the middle class, Finance Minister Nirmala...
D2C
Budget 2024: Entrepreneurs rejoice in the abolishment of angel tax
Entrepreneurs from the country’s startup system have heaved a sigh of relief as the government proposes doing away with the Angel Tax.
New Delhi: In her budget speech as the Finance Minister of India, Nirmala Sitaraman has proposed abolishing the...
Food & Beverage
Shares of shrimp products makers in heavy demand after Budget allocation
PTI -
Presenting the Union Budget for 2024-25, Sitharaman said that the government has reduced the basic customs duty on shrimp to 5 per centNew Delhi: Shares of producers and exporters of seafood products' firms jumped on Tuesday after Finance Minister...
Latest News
Mahindra Logistics profit falls 55% to Rs 10.15 crore in April-June
PTI -
The revenue during the quarter under review, however, rose 10 per cent to Rs 1,156.66 crore from Rs 1,050.92 crore in the year-ago periodMumbai: Mahindra Logistics Ltd. (MLL) on Monday said its standalone profit fell 55 per cent to...
E-Commerce
ShopClues aims $100 million in e-commerce exports by year end; eyes US, European markets: MD Anuraag Gambhir
The Gurgaon-based company is also planning to introduce international brands to India from Southeast Asian countries Bengaluru: ShopClues, the Indian e-commerce platform owned by Singapore-based Qoo10, has entered the next phase of its rebranding as a cross-border e-commerce platform, now...
Research
‘Swiss Watch Industry Insights 2024: Spotlight on India’ by Deloitte
The report delves into the Indian watch market, highlighting the Swiss watch industry's potential in IndiaBengaluru: ‘Swiss Watch Industry Insights 2024: Spotlight on India’ report by professional services network Deloitte delves into the Indian watch market, highlighting the Swiss...
Spotlight
GST played remarkable role in reducing logistics cost: Economic Survey
PTI -
The tax regime has ensured that trucks do not have to wait for hours on state borders, which has brought down the travel time by up to 30 per cent.New Delhi: The Goods and Services Tax (GST) has played...
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Latest News
Zudio goes global, opens first international store in Dubai
The new store is located at Silicon Central Mall in UAENew Delhi: Tata Group-owned value retail fast fashion chain...
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