According to the report by Motilal Oswal Financial Services, to further boost localisation and value addition in India, additional initiatives will be necessary to promote component manufacturing in the country, where the Government is already working on the various schemes. Backed by robust Government measures, the domestic electronic manufacturing services (EMS) market is poised to […]
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Business schools teach that prediction is critical in strategic decision-making based on the assumption that what can be predicted can be controlled. Trying to get a startup off the ground? Be prepared to face the world of unknowns: Will customers buy your product? Can you outpace competitors? How will you secure funding? Can your venture […]
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Subsequently, the company received the High Court’s order on August 19, granting approval to the Writ Petition filed by the company and nullifying the show cause notice issued by the GST authorities, according to the filing. Larsen & Toubro announced on Tuesday that the Bombay High Court has nullified a GST demand of ₹2,237 crores imposed on […]
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Reserve Bank of India Governor, Shaktikanta Das received an ‘A+’ rating from Global Finance magazine, ranking the top central banker globally for the second year. The recognition acknowledges his adept handling of economic crises, including the Covid-19 pandemic and the war in Ukraine. Das was also instrumental in shaping the GST framework and key economic […]
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The Gujarat Government has sanctioned Rs.381 crores for the development of a high-speed corridor between Vadodara and the Statue of Unity. This new infrastructure project aims to enhance connectivity and boost tourism. Key Highlights: Project Overview: The high-speed corridor will connect Vadodara to the Statue of Unity, significantly reducing travel time and improving access to […]
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The Indian mining and construction equipment (MCE) industry imports nearly 50% of its component requirement (by value) from suppliers based out of China, Japan, and South Korea, among others. Rising component localisation might offer approximately Rs.25,000 crores annual opportunity to construction equipment vendors by FY 2030. Rising component localization might offer approximately Rs.25,000 crores annual […]
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According to the RBI’s new guidelines, if you transfer money to the wrong UPI address, you can expect to get your money back within 24 to 48 hours. Here are 5 Ways to Recover Money Sent to the Wrong UPI Address: With the Unified Payments Interface (UPI), users can easily transfer money digitally. However, issues […]
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In 2023-24, Gujarat surpassed Uttar Pradesh in attracting bank funds for projects. Gujarat secured funding for 154 projects, accounting for 14.7% of the total Rs.3.9 lakh crores financed, up from 14% in the previous year. Uttar Pradesh, which received funds for 69 projects, saw its share drop to 7.6% from 16.2%. Gujarat replaced Uttar Pradesh […]
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Gujarat crossed the 20 lakhs Udyam MSME registration mark on Friday, making it the fifth in the country in terms of total registrations. Maharashtra, Tamil Nadu, Uttar Pradesh and Rajasthan are ahead of Gujarat. Out of 20 lakhs, Gujarat has 19.10 lakhs micro, 81,841 small and 8,460 medium units. Gujarat is ranked second after Maharashtra […]
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The Company registrations decreased by almost 11% year-on-year in July, following a 12% increase in June. A total of 14,887 companies, including foreign firms, were incorporated in July, against 16,698 a year ago. With this, company registrations saw year-on-year decline in three out of the first four months of this financial year, after a surge […]
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