Amnesty Scheme for customs may be announced in Budget 2025-26 to reduce litigation: Experts
In a bid to reduce litigation, Finance Minister Nirmala Sitharaman in the upcoming Budget may announce an Amnesty Scheme for customs to foster ease of doing business. “The main asks of the industry would certainly be aligned with the objectives of the government and one objective of the government has been...
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India’s coal import rises two per cent to 182 MT in April-November period
13 January 2025 | PTI -
CII suggests 10-point agenda on ease of biz reforms ahead of Budget
13 January 2025 | PTI -
FinMin to meet heads of banks to review financial inclusion schemes
13 January 2025 | PTI -
India's coal import rises 2 pc to 182 MT in Apr-Nov period
12 January 2025 | PTI -
India joins UN committee on big data for official statistics
11 January 2025 | PTI -
Indian economy likely to be 'a little weaker' in 2025: IMF MD
11 January 2025 | PTI -
In brief
11 January 2025 | PNS
Redevelopment of Exclusive La-Mandre Villa Community
Yugen Infra unveils its latest venture-the redevelopment of La-Mandre, an elite villa community near Mandrem Beach, North Goa. Spanning 8000 square meters, the project features 13 exquisitely designed villas, offering luxurious living amidst serene landscapes. Located just minutes from Goa’s iconic beaches, these RERA-approved villas boast spacious plots ranging from 215 to...
Govt sets wheat procurement target at 30 MT for 2025-26 season
The government has set a conservative wheat procurement target of 30 million tonnes for the 2025-26 rabi marketing season, sources said. The lower procurement target comes despite the Agriculture Ministry aiming for a record wheat production of 115 million tonnes in the 2024-25 crop year (July-June). For the 2025-26 rabi marketing season...
Adani Wilmar stock tanks nearly 10 pc
Shares of Adani Wilmar tumbled nearly 10 per cent on Friday morning following news that the Adani Group will raise Rs 7,148 crore from the sale of up to 20 per cent stake in the FMCG firm in the open market as part of its strategy to exit non-core activities...
TCS Q3 net profit rises 11.95 per cent to Rs 12,380 Crore, employee base dips
India’s largest IT services company TCS on Thursday reported an 11.95 per cent jump in net profit at Rs 12,380 crore in the December quarter while the overall workforce reduced by over 5,000 employees. The Tata Group company had reported a net profit of Rs 11,058 crore in the year-ago period,...
Inbrief
POWERGRID signs Master Agreement with EPRI, USA for strategic collaboration Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Public Sector Enterprise under Ministry of Power, Government of India, has taken a significant step towards collaborative technical research by signing a ‘Master Agreement’ with independent, non-profit energy research and development organization...
Rupee recovers from record low to settle four paise higher at 85.87 against US dollar
The rupee recovered slightly from its record low and settled with a gain of 4 paise at 85.87 (provisional) against the US dollar on Thursday amid firm American currency and elevated level of crude oil prices. According to forex analysts, relentless selling in domestic equities and outflow of foreign capital kept...
Software migration caused error in gold import computation; issue largely rectified: Sources
The government’s initiative to migrate SEZ data from NSDL software to ICEGATE system for streamlined reporting of import data caused double counting of gold imports, resulting in inflated figures and the issue has now been largely rectified, government sources said. The downward revision has provided the actual picture of trade deficit...
