Assam is likely to achieve 100 per cent electric three-wheeler sales by 2025, making it the first Indian state to reach the milestone, according to a study carried out by a top US university. As of fiscal 2023 -- April 2022 – January 2023--, Assam has achieved about 85 per cent of new electric three-wheeler [...]
Amid rising geopolitical risks, a vast majority of Indian CEOs have indicated in a survey that they are reducing or planning to reduce operating costs, even as they are more upbeat than their global peers on their country's economic prospects. However, most of the companies do not plan to cut their headcount or salaries, found [...]
The Sensex and Nifty climbed in initial trade on Tuesday amid buying in index majors Reliance Industries and HDFC twins. The 30-share BSE benchmark advanced 234.16 points to 60,327.13 after a positive beginning. The broader NSE Nifty climbed 64.5 points to 17,959.35. From the Sensex pack, Hindustan Unilever, HCL Technologies, Larsen & Toubro, NTPC, Tata [...]
In the most pessimistic outlook in more than a decade, a global survey of CEOs on Monday showed 73 per cent of them expecting the global economic growth to decline over the next 12 months. Releasing the annual survey on the first day of the World Economic Forum Annual Meeting here, PwC said this is [...]
Driven by a 20 per cent rise in the number of originators to 120, securitisation volume jumped 42 per cent to over Rs 1.15 lakh crore in the first three quarters of the current fiscal, a report said on Monday. Led by small finance banks, securitisation activity became broad-based and the number of originators rose [...]
A global recession is likely in 2023, but pressures on food, energy and inflation may be peaking, the World Economic Forum said on Monday in its Chief Economists Outlook survey. At the same time, some economies in the South Asia region, including Bangladesh and India, may benefit from global trends such as a diversification of manufacturing [...]
Benchmark equity index Sensex and Nifty gave up early gains and ended lower on Monday as investor sentiment was hit due to unabated foreign fund outflows and losses in index heavyweights Reliance Industries and HDFC Bank. The 30-share BSE Sensex declined 168.21 points or 0.28 per cent to settle at 60,092.97 as 15 of its [...]
The government has exempted customs duty on imports of Covid-19 vaccines till March 31, 2023 in a bid to ensure domestic availability amid fears of a surge in coronavirus infections. In a notification, the Central Board of Indirect Taxes and Customs (CBIC) said Covid vaccines, when imported into India by central government or state governments, [...]
Miners' body FIMI has made a plea to the government to increase the basic customs duty on import of primary zinc products to 7.5 per cent stating that the country's zinc consumption is well within the domestic production limit. The current basic customs duty on import of primary zinc products is five per cent. In [...]
Contributions to mutual fund schemes through systematic investment plans or SIPs remain unfazed from the market volatility in 2022 with inflow growing to Rs 1.5 lakh crore in 2022, a surge of 31 per cent from a year earlier, due to higher retail participation. In comparison, an inflow of Rs 1.14 lakh crore through the [...]
