Amara Raja Advanced Cell Technologies Private Limited (ARACT), a wholly owned subsidiary of Amara Raja Energy & Mobility Limited (AREM), has signed a Memorandum of Understanding (MoU) with Piaggio Vehicles Private Limited, a 100% Indian subsidiary of the Italian auto giant, Piaggio Group. ARACT will collaborate with Piaggio India to develop and supply LFP (Lithium … Read more
The introduction of the Goods and Services Tax (GST) in 2017 marked a pivotal moment in the nation’s economic history, fundamentally reshaping the indirect tax system by unifying multiple taxes into a single, streamlined framework. It replaced a complex structure of indirect taxes like Service Tax, Central Excise Duty, and Value Added Tax (VAT) with … Read more
Prominent business families including the Ambani, Bajaj, Birla & Jindal families were part of the top ten 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses released on Thursday. However, Gautam Adani’s conglomerate was not part of the list. The Mukesh Ambani-led Ambani Family, with a value of Rs 25,75,100 crore topped the list … Read more
India can be a beneficiary in the international readymade garment markets as Bangladesh, the world’s second-largest exporter in the sector, grapples with economic challenges, amid ongoing political unrest there, according to a report released on Thursday. India could gain monthly export orders worth USD 200-250 million in the short term, a CareEdge study said. While … Read more
Godrej Consumer (GCPL) has announced that it will enter the pet care business in the country through Godrej Pet Care (GPCL), a subsidiary of the company. GCPL will invest Rs 500 crore in this business over a period of five years Godrej Agrovet (GAL) will be the manufacturing and R&D partner Manufacturing is expected to … Read more
Systematic investment plans (SIPs) in thematic/sectoral funds, as well as small and mid-cap schemes, have yielded returns that are more than twice as high as those of the broader market benchmark index Nifty 50 over the past three years. In contrast to the 21.3% return generated by an SIP in the Nifty 50 index over … Read more
India may take nearly 75 years just to achieve one-fourth of US income per capita, as per a recent World Bank report that offers the first extensive blueprint for developing countries to overcome the “middle-income trap.” More than 100 countries, including India, China, Brazil, and South Africa face serious challenges in becoming high-income countries in … Read more
The Goods and Services Tax (GST) investigative arm, Directorate General of Goods and Services Tax Intelligence (DGGI), has given partial relief to IT services major Infosys by closing the tax proceedings for financial year 2017-18 (FY18), the company informed exchanges on Saturday evening. The GST amount during this period was Rs 3,898 crore. The move … Read more
Adani Group chairman Gautam Adani, 62, plans to step down at the age of 70 and shift control to his sons and their cousins in the early 2030s, he told Bloomberg News in an interview published on Monday. When Adani retires, his four heirs – sons Karan and Jeet, and their cousins Pranav and Sagar … Read more