PM Modi and FM Sitharaman NEW DELHI: Prime Minister Narendra Modi on Tuesday underlined the need for reforms and deregulation, signalling govt’s priority for the next budget. During a pre-budget meeting with economists, which is now a part of PM’s annual calendar in the run-up to the budgetary exercise, with the theme ‘Aatmanirbharta and Structural…
BENGALURU: Even as jewellery continues to account for about 90% of Titan’s revenues, its other businesses-watches and CaratLane-are now in the fast lane, within striking distance of the $1-billion revenue mark over the next few years.“Watches are certainly on their course, in consumer price terms, to reach that billion. Given the way they are progressing,…
NEW DELHI: The Centre has decided to end the subsidy for electric three-wheelers after it met the target of 2.9 vehicles under PM e-Drive on Friday. In the three-wheeler segment, EV penetration is estimated at around 32%, which is in line with the target the Centre had set for itself, and is now leaving it…
MUMBAI: Sebi has cancelled the certificate of registration of a research analyst, Poorushkhan, after finding out that his KYC documents were used by someone else to obtain the regulator’s Research Analyst certificate. People running an unregistered investment advisory outfit named Options Research used documents of Poorushkhan, who ran a grocery shop and had nothing to…
NEW DELHI: A GST penalty of Rs 458.3 crore has been imposed on IndiGo by the additional commissioner of CGST (Delhi south commissionerate) on Monday. In a regulatory filing on BSE Tuesday, IndiGo said: “…The company strongly believes that the order passed by the GST department is erroneous and not in accordance with law, backed…
NEW DELHI: The Union Cabinet is likely to take up the AGR (Adjudted Gross Revenue) relief matter for Vodafone Idea on Wednesday, a measure that is seen as a lifeline for the loss-making telco, which has debt over of Rs 2 lakh crore. Vodafone Idea’s AGR dues are understood to be around Rs 83,000 crore,…
Artificial Intelligence (AI) could add as much as $1.7tn to India’s economy by 2035, positioning the technology as one of the country’s most powerful growth engines over the next decade, according to government estimates.The projection comes as India ramps up public investment and policy support for AI through initiatives such as the IndiaAI Mission, which…
Mumbai, VinFast-backed charging infrastructure firm V-GREEN on Tuesday said it has joined hands with Hindustan Petroleum Corporation Ltd (HPCL) to set up electric vehicle charging facilities at HPCL fuel stations across different markets. The agreement holds strategic significance as India accelerates its transition toward green transportation, the company said. The state-owned HPCL’s existing 24,400 retail…
Prime Minister Narendra Modi on Tuesday met eminent economists and sectoral experts to seek their views on the upcoming Budget, a senior government official said. The meeting started at 11am chaired finance minister Nirmala Sitharaman, Niti Aayog vice chairman Suman Bery, Niti Aayog CEO BVR Subrahmanyam, other members of the Aayog, economists and sectoral experts…
Shankh Airlines is likely to begin flight operations in the first half of January with an initial fleet of three Airbus aircraft, focusing on connecting Lucknow with Delhi, Mumbai and other metro cities, Chairman Shravan Kumar Vishwakarma said on Tuesday. The airline will also operate flights to destinations across Uttar Pradesh in its first phase,…
