Munich-based Allianz will explore new opportunities in the Indian insurance market not only as an investor but also as an operator, the company told Business Standard on Tuesday. "India will continue to be one of Allianz's main growth markets, and Allianz will explore new opportunities to further grow its participation in the Indian insurance market in the future, not only as an investor but also as an operator," the company said.
The 31st meeting of the Goods and Services Tax (GST) Council, held in December 2018, deferred a decision to reduce the GST rate for cement from 28 per cent to 18 per cent. This was despite recognising that cement - along with automobile parts - remained among the few mass-consumption items still taxed at the highest slab, which was originally meant for luxury and sin goods.
'We remain in touch with the Chinese side, in Beijing as well as in Delhi, to bring predictability in the supply chain.'
India-Turkiye ties are strained over Ankara's Islamabad tilt, its arms links with Pakistan, and fallout from the Pahalgam terror attack.
It was Rishabh Pant's brief, unconvincing stint at the crease that starkly epitomised his season-long struggle
Nandita Gurjar, Sanjay Purohit and Gautam Thakkar among "potential exit candidates".
Kamal has a crisp pen when it comes to writing short and yet powerful film dialogues. But while speaking ex tempore -- and that has been his style -- he looks every bit a confused man, observes N Sathiya Moorthy.
'Entering India is exciting, but it's also challenging. You have to be prepared for long-term investment.'
Shah said Shivaji Maharaj defeated "Mughal shahi" (rule of Mughals).
India will need to grow at an average 7.8 per cent to become a high-income country by 2047, a World Bank report said on Friday. To achieve this goal India would require reforms in financial sector as well as in land and labour market, the World Bank said in its India Country Memorandum titled 'Becoming a High-Income Economy in a generation'.
Companies have been approached to set up incubation centres that will offer financial and non-financial support to manufacturing startups at various levels.
There remains a debate on who said this: "When the facts change, I change my mind. What do you do, Sir?" Was it the British economist John Maynard Keynes or the American economist Paul Samuelson. Irrespective of who said it, this sentiment appears to have found resonance in ITC's boardroom in recent years.
'Investment by insurers in the Bima Sugam India Federation is illegal as it is a private limited company.'
'It could take the form of sporadic LoC violation through heavy artillery and mortar fire, focusing on border villages where the Hindu Dogra population is predominant.'
Whether AAP bounces back or fades into political oblivion will depend on its strategy in the coming months.
Just eight months after its good showing in the Lok Sabha polls, the Indian National Developmental Inclusive Alliance (INDIA) seems to be running out of steam with internal bickering and conflicting ambitions resulting in diminishing electoral returns that have once again put the Bharatiya Janata Party in the driver's seat in national politics.
He joined the BJP at its headquarters in the presence of Union ministers Manohar Lal Khattar and Harsh Malhotra, Delhi unit president Virendra Sachdeva and national media head Anil Baluni among others.
Adani Power, part of the Adani group, plans to add close to 6 gigawatts (Gw) of new power assets in the next five years, according to an investor presentation by the company. That is clearly meant to ride on India's burgeoning power demand. But there is another side to it: All of this new capacity is expected to be thermal power, or power produced from coal.
India is poised to be the third largest global economy by 2030 but rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said on Thursday. It said emerging economies have high ambitions for the next decade and beyond with India aiming to become a $30 trillion economy by 2047, from the current $3.6 trillion. India is currently the fifth largest economy.
Information technology (IT) companies have been on the road to revival in the past one year. From being the worst-hit sector in 2022 with a loss of 26 per cent, the Nifty IT index closed 2023 with gains of 24 per cent. So far in 2024, the index is up around 7 per cent against the nearly flat Nifty 50 benchmark index. The IT index has been on a continuous decline in the last three sessions.
The Bharatiya Janata Party on Saturday returned to power in Delhi after more than 26 years to sweep away the Arvind Kejriwal-led Aam Aadmi Party with a two-thirds majority on the back of a hyper localised campaign and Prime Minister Narendra Modi's 'AAP-da'(disaster) blitzkrieg.
The Supreme Court on Tuesday dismissed the Punjab government's appeal against a high court verdict quashing its decision to expand the definition of 'NRI quota' for admissions in undergraduate medical and dental courses in the state. "This fraud must come to an end now," the apex court said.
The finance minister, in her Budget speech, should focus more on what she is directly responsible for, rather than on programmes where her role is largely supportive, notes Nitin Desai.
A combination of factors, including heavy investments in US Treasury bonds and dollar sales at a healthy profit, facilitated the Indian central bank in transferring a record surplus of Rs 2.11 trillion to the government for 2023-24 (FY24). The RBI's dollar purchases increased in FY24, supported by robust capital inflows endorsing the economy's health.
'I tell young entrepreneurs if you don't have a great idea, if you don't have a good business model, don't think of a start-up.'
'We have seen something do very well when the times are good but maybe not as well when the times are bad.'
'It has changed the political character of India by ejecting socialism as an ideology from the Constitution of India.'
'By his words, actions, and body language during their joint press appearance wanted to convey his personal respect and, more broadly, his desire to work closely with India.'
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
The BJP-led Mahayuti alliance, which secured a landslide victory in the recent Maharashtra assembly elections, is set to form the new government in the state. Outgoing Chief Minister Eknath Shinde, his deputies Devendra Fadnavis and Ajit Pawar met Union Home Minister Amit Shah to finalize a power-sharing agreement. The alliance partners, BJP, Shiv Sena and NCP, will decide on ministerial berths at the meeting with Shah. Political circles are abuzz about the social equations in Maharashtra influencing the choice of the next Chief Minister.
'When I started to step into the West in 2006, I believed India was not going to be the back end.' 'I understood that no film-maker wants to believe that they are outsourcing their creativity to a low-end place.' 'The application of technology in the hands of our Indian artistes is identical to any of our artists in the West.' 'Nobody in the world can say this shot was done in India and that in London.'
It was one of the toughest times in history to announce a budget, says Harsh Goenka, chairman of RPG Enterprises.
While the minimum holding period for LTCG taxation has now been lowered, the tax outgo could be a bit higher under the new structure.
Germany, once the undisputed kings of European football, enter Euro 2024 with a point to prove
The athlete from Nagaland became the first Paralympics medallist from northeast India. He had also won a bronze medal at the Hangzhou Para Asian Games last year.
Delhi Capitals on Tuesday announced former Australian fast bowler Ryan Harris as their new bowling coach for the upcoming 13th edition of IPL, starting next month.
Industry body CII on Thursday made a case for pushing reforms in sectors like land, labour, and agriculture by the Modi 3.0 government to accelerate economic growth, which is estimated to be around 8 per cent in the current financial year. CII president Sanjiv Puri said a lot of policy interventions in the past have put the economy on "a much stronger wicket". "The growth rate is poised to touch 8 per cent during the current year, marking the fourth consecutive year of above 7 per cent + growth.
Power and money are at the heart of the sordid story -- and it isn't over yet.
The country's leading cement maker UltraTech on Thursday said it will acquire a 23 per cent stake in its Chennai-based rival India Cements Ltd, in a deal estimated to be around Rs 1,885 crore. As part of the transaction, UltraTech Cement will acquire 7.06 crores equity shares of India Cements at a price of up to Rs 267 per share, according to a regulatory filing from the Aditya Birla Group flagship firm.
India's financial sector is dominated by large government-owned and private-sector banks.
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