New study counts 47.33 lakh micro units, 60,013 small industries and 5,355 medium industries in the State. For each, a new set of challenges is emerging. Tamil Nadu, one of India’s largest industrial engines, is seeing its smallest firms carry the heaviest load even as shifting US tariffs on Chinese goods redraw global trade. A […]
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India’s electronics manufacturing sector has grown sixfold to a valuation of Rs. 11.5 lakh crores, creating 25 lakh jobs, announced Union Minister, Ashwini Vaishnaw. Under Prime Minister, Narendra Modi’s visionary schemes, the electronics manufacturing has emerged as a top sector in India, with production increasing 6 times in past 11 years — resulting in it becoming a […]
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The exporters have pushed for a 12-month moratorium on credit repayment and demand a relaxed NPA classification on export loans up to 180 days, sources said. Faced with some of the highest US tariffs in the world, Indian exporters are set to knock on the door of the Reserve Bank of India seeking relief. Industry […]
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The regulator may clear proposal of easing stake dilution norms for very large companies by allowing smaller initial offerings and longer timelines to meet MPS rules. Market regulator Securities and Exchange Board of India (SEBI) may clear major proposals related to “Ease of Doing Business” in its board meeting scheduled on September 12. According to […]
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Entrepreneurs face a complex web of regulations, hindering growth. MSMEs bear a disproportionate compliance burden. The Govt is working to decriminalize laws and simplify processes. Jan Vishwas 2.0 aims to further reduce criminal liabilities. Implementation of labor codes and GST framework reset are crucial. Technology and focused simplification can significantly lower compliance costs. The number […]
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Dipali Goenka’s entrepreneurial journey began at 18 when she became the head of Welspun’s home textiles division. Her resilience and vision transformed her challenges into strengths and she aims to empower women in the industry while fostering a legacy for her daughters. There are founder stories that start in a garage or a dorm room. […]
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Empowering commerce through simplified taxation. Key Takeaways: GST on leather, footwear and related job work reduced from 12% to 5%. On packaging paper GST cut to 5% and down from 28% to 18% on Commercial Goods Vehicles. Textiles see major correction with man-made fibers cut from 18% to 5%, yarn from 12% to 5%. On Toys and sports goods, GST […]
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At least eight venture capital and private equity firms from the US and India have teamed up to launch the India Deep Tech Investment Alliance (IDTA) to mobilise private capital and expertise for deep-tech companies in the South Asian nation. The group, which will also work to strengthen US-India deep tech collaboration, counts Celesta Capital, […]
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India-US trade deal: Piyush Goyal also highlighted that India is in active dialogue with the European Union (EU), with the European Commissioner for Trade, Maroš Šefčovič, likely to visit next week. Minister of Commerce and Industry, Piyush Goyal , on Wednesday announced that efforts are being made to conclude a bilateral trade agreement with the United States […]
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India’s key services sector extends its four-year growth streak, underscoring sustained economic momentum. August, driven by a surge in demand and new business, according to a private survey released on Wednesday. The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global, climbed to 62.9 in August, up from 60.5 in July and 60.4 […]
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