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Category: Business Updates

Business Updates

Rs 50,000 crore FDI in food processing sector in last 9 years: PM Modi

April 9, 2023By businessreputationdata

PM Narendra Modi was addressing the second edition of World Food India at Bharat Mandapam in the national capital. The three-day event will conclude on November 5.

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Business Updates

Manipur, Punjab, 2 others have high debt to GSDP level of over 40%

April 8, 2023By businessreputationdata

A high debt to GDP ratio indicates that debt and GDP of those economies are not well balanced and they don’t produce goods and services sufficient to pay back debts without incurring further debt.

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Business Updates

India Inc sees revenue growth moderation for 4th straight quarter in April-June to 6-8% Report

April 6, 2023By businessreputationdata

Revenue of the engineering arm of the Larsen and Toubro group company has grown 14.71 per cent to Rs 2,301 crore, up from Rs 2,006 crore in the same quarter of previous fiscal.

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Business Updates

No proposal to provide duty concession on import of EVs: Govt

April 6, 2023By businessreputationdata

At present, cars imported as Completely Built Units (CBUs) attract customs duty ranging from 60 per cent to 100 per cent, depending on engine size and Cost, Insurance and Freight (CIF) value less or above USD 40,000.

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Business Updates

As PLI takes centrestage, new industrial policy now on backburner

April 5, 2023By businessreputationdata

The industrial policy, expected to be released this year, would have been the third such framework in the history of independent India, replacing the historic policy of 1991 that came in the backdrop of the balance of payment crisis, ushering in the liberalisation of the economy.

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Business Updates

Economic census: Parliamentary panel questions ministry over delay in results

April 5, 2023By businessreputationdata

In November last year, the ministry had put out the common ITR form in public domain seeking comments and suggestions from stakeholders.

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Business Updates

Gold Silver Rates Today (November 6): Gold prices slip, silver rates jump

April 4, 2023By businessreputationdata

In India, rates of 24-carat gold slipped by Rs 170 per 10 grams to Rs 61,470.

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Business Updates

Cabinet approves Rs 1,650 crore to add 75 lakh new Ujjwala scheme connections over 3 years

April 3, 2023By businessreputationdata

The price cut and expansion of PMUY, which came ahead of Assembly elections in five states later this year and the Lok Sabha elections next year, was described by the government as its gift to the people on the occasion of Raksha Bandhan and Onam.

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Business Updates

Mukesh Ambani’s children will get no salary, only fee for attending board meetings

April 2, 2023By businessreputationdata

Mukesh Ambani’s three children – twins Akash and Isha (both 31) and Anant (28 years) – will get only a sitting fee and a commission on the profit earned by Reliance Industries.

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Business Updates

RBI found excessive dominance by 1-2 board members even in big commercial banks: Shaktikanta Das

April 1, 2023By businessreputationdata

Board discussions have to be free, fair and democratic, Shaktikanta Das said, addressing directors of Urban Cooperative Banks (UCBs) at a meeting organised by the Reserve Bank of India (RBI) in Mumbai.

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