The founder of the e-commerce firm, which specialises in procurement of industrial products, believes if he plays his cards right, his company could become a unicorn with a valuation of $1 billion in 5 years.
The government had imposed Minimum Alternative Tax and Dividend Distribution Tax on SEZs in 2010-11, which were earlier exempted from almost all levies.
Delhi University's prestigious St Stephen's College today announced its first cut-off list for admissions to the 2015-16 academic session with the highest requirement being for English honours at 99 per cent.
Pakistan should fully implement the roadmap for normalising economic cooperation with India, including granting it the Most Favoured Nation-status, Indian High Commissioner Sharat Sabharwal has said.
The proposal was announced Human Resource Development Minister Kapil Sibal in New Delhi on Tuesday.
Total outflow and inflow of foreign investment in general for 2014-15 fiscal was $6.42 bn and $75.71 bn, respectively
Indian Council of Medical Research Director General Balram Bhargava had on Monday recommended the use of hydroxychloroquine for treating healthcare workers handling suspected or confirmed coronavirus cases.
'What Jaishankar says is simplistic.' 'The past does not matter that much.' 'If we think that it does it is because we are not good enough at running the nation competently today and are searching for excuses why,' argues Aakar Patel.
The government also appointed Dr Vinod Paul, a pediatrician at the AIIMS, as a member of the NITI Aayog
While the Trump administration wants India to lower the trade barriers and embrace "fair and reciprocal" trade, India has raised tariffs on 28 items exported from the US in retaliation to America's withdrawal of preferential access for Indian products.
The move ended week-long speculation the government might have to appoint an acting chairman before a final decision.
'Non-separation of religion from politics is India's most daunting challenge'
We must take action to address the impediments to growth faced by our businesses and our economies. And we can only succeed by working together, says American Secretary of Commerce Penny Pritzker.
'If you allow Walmart to operate in India, our manufacturing will finish completely.' 'What will happen to Narendra D Modi's dream then? There will be no Make in India.'
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced to raise Rs 7,350 crore from two investors -- Singapore's sovereign wealth fund GIC and Global alternative asset firm TPG -- by selling a stake in group's retail arm.
Finance Minister Nirmala Sitharaman will present her second Budget a little more than a month from now. Like any other FM, Sitharaman will depend on her team of bureaucrats and advisors to frame and present the Budget.
The e-commerce sector is also fraught with redundant taxation laws that need immediate overhaul
Later, there may be some tax relief aimed at the middle class and measures to benefit the sectors worst hit by Covid-19 and the resultant nationwide lockdown.
Chidambaram has not been named as an accused in the FIR and the CBI is yet to file a chargesheet in the matter.
Billionaire Mukesh Ambani on Monday pressed for bridging the digital divide "both among nations and within nations", saying connectivity and communications have become the fundamental rights of every person. Also, there is a need to bring back the economies around the globe. Speaking at the Qatar Economic Forum, he said it is difficult to imagine what India would have been without the 4G telecom network during the pandemic. "The digital divide must be bridged, both among nations and within nations.
'Without bold action to deal with our banking crisis, count on the economy's doldrums to continue for much longer than most of us anticipate,' says Rahul Jacob.
The Customs clearance required for moving equipment like laptops, desktops, etc out of SEZ units was delaying things as the clearance had to be taken in person after a first level of approval online.
Annual event being organised by FICCI focuses on the investment potential offered by India's infrastructure sector.
Credit to priority sectors as well as small and medium industries will be discussed to find ways to accelerate economic growth.
The BoA, headed by Commerce Secretary G K Pillai, will consider granting formal clearances to Mukesh Ambani-promoted Navi Mumbai Special Economic Zone and Hindalco aluminium SEZ in Orissa.
'It is entering growth territory on a month-on-month basis.'
From Covid-19 essentials, such as Vitamin C supplements and thermometers, to bicycles, laptops, and personal weighing scales, demand for certain items galloped during last financial year as the pandemic altered what Indians used on a day-to-day basis. Imports of outdoor sports equipment, handbags for women, and dentures, among others, plummeted. With outdoor activities coming to a halt last year and schools functioning virtually, imports of sports goods witnessed a decline, while inbound shipments of laptops and battery chargers saw a sharp uptick, according to the import data for the financial year 2020-21.
Reliance Industries Ltd on Friday reported a 7 per cent drop in its June quarter net profit as retail business got hit by the second wave of COVID infections.
FDI is a major driver of economic growth and a source of non-debt finance for the economic development of the country. The government has put in place an investor-friendly policy on FDI, under which investment up to 100 per cent is permitted on the automatic route in most sectors/ activities. At $ 64.37 billion, FDI in 2018-19 is the highest ever investment received for any financial year.
In containment areas, movements of people is totally banned and essential services are delivered at the doorsteps.
Sharma said India was poised to grow at 8.5-9 per cent with its investor and FDI-friendly regime.
'Anyone can string together a few alliterative words, but are they a substitute for serious thought?' 'And do they make for a strategy or plan for coherent action?' asks T N Ninan.
Two of the US Cabinet members -- Education Secretary Betsy DeVos and Transport Secretary Elaine Chao -- have resigned over the storming of the Capitol by Trump supporters. US Capitol Police Chief Steven Sund has also announced that he would resign this month after he faced criticism for failing to prevent Trump supporters from storming the building.
Majority of women surveyed by the Associated Chambers of Commerce and Industry of India said they feel unsafe, especially during night shifts, in all major economic hubs across the country.
The Trump administration has a "very positive view" of the Indo-US relationship and a lot of interest in taking the ties forward, Foreign Secretary S Jaishankar said on Saturday after his wide-ranging talks with senior Cabinet members and top officials in Washington.
Analysts remain sceptical on the profitability from freighter business, saying that once normal air transport resumes and there's abundant belly capacity, the traditional economics of air cargo may not be that lucrative.
Several individuals and organisations, including the US Chambers of Commerce and the National Association of Manufacturers, have filed a lawsuit against the Trump administration's recent rules related to the H-1B visa, terming them "arbitrary" and "haphazard" regulations that will undermine high skilled immigration into America. Early this month, the Trump administration announced new restrictions on H-1B non-immigrant visa programme which it said is aimed at protecting American workers, restoring integrity and to better guarantee that H-1B petitions are approved only for qualified beneficiaries and petitioners, a move which is likely to affect thousands of Indian IT professionals.
According to officials, Punjab, West Bengal, Maharashtra, Assam and Telangana wanted the lockdown to be continued, some of them wanted the powers to decide the zoning of districts -- green, orange and red -- as per the COVID-19 situation.
The simultaneous decline of several trade-related indicators should put policy makers on guard for a sharper slowdown.
The BJP maintained that stability in economic growth and economic policies of the government along with strong currency attracts foreign investment.
