Five major agriculture producers led by the US have accused India of providing support to its rice and wheat producers far in excess to what the World Trade Organisation (WTO) rules allow, an allegation which has been rejected by Indian representatives in Geneva as baseless. The counter-notification on the issue was brought by the US
Tiger Global-backed B2B seafood chain Captain Fresh is aiming to end this fiscal year with a profitable bottomline and revenue growth in the range of $500-550 million, compared to $168 million in FY24. The startup has plans to hit the public markets in FY26. “We started as an India-to-India business and then we became India-to-global
By Neeraj Agarwala I want to give Rs 80 lakh to my daughter to purchase a property. Will she have to pay gift tax? —Ramesh Mahandis Gifts received by an individual from a specified relative are fully exempt from tax, regardless of the amount. Specified relative includes a parent, so the gift of Rs 80
The government is expected to introduce the Insurance Amendment Bill 2024 during the winter session of Parliament, proposing some bold reforms for India’s insurance industry. Narayanan V delves into the potential changes and their impact on the industry What is likely to be included in the Bill? The Insurance Amendment Bill 2024 is expected to
Investing in dynamic bond funds can help individuals optimise returns across varying phases of the interest rate cycle. These funds have the flexibility to invest in both short-term and long-term bonds, depending on the fund manager’s assessment of the interest rate scenario. Predicting interest rate movements is a complex and nuanced process, even for seasoned
Adani Group’s Chief Financial Officer, Jugeshinder Singh, firmly denied allegations of bribery involving government officials to secure contracts. Speaking at a Trust Group event in Mumbai, Singh emphasised that no large payments were made, stating, “If you are paying that much cash to someone, I would certainly know.” Singh dismissed allegations made in the U.S.
A clarification has been sought from the Centre on whether more employees have been appointed on a contractual basis than in regular or permanent roles in central government employment over the past five years. In the Rajya Sabha, Members of Parliament Javed Ali Khan and Ramji Lal Suman raised questions asking the government whether more
Right after KTM finally brought its large-capacity motorcycles to India, Honda seems to be on the same route. According to a dealer presentation leak, Honda might bring in five big-displacement models to India, which also includes a scooter. All four models will be CBUs and will be sold through Honda’s BigWing dealerships. Honda to launch
The UK-based Prudential on Thursday announced the establishment of a standalone health insurance company in partnership with Vama Sundari Investments (Delhi), a firm owned by the HCL Group promoter. Subject to regulatory approvals, Prudential Group Holdings — a UK subsidiary of Prudential plc — will hold 70% stake in the joint venture and Vama Sundari Investments
A routine GST enquiry has opened a can of worms in India’s Rs 1.2 lakh crore advertising industry. The Competition Commission of India raid on several media agencies just ahead of the 2025 IPL season will force the industry to take a relook at pricing strategies, explains Alokananda Chakraborty What triggered the raids? Insiders say
Hindalco will invest Rs 45,000 crore over the next three years across its aluminium, copper, and specialty alumina businesses, Aditya Birla Group chairman Kumar Mangalam Birla said on Thursday. The investment will focus on both upstream operations and next-generation high-precision engineered products. Speaking at the unveiling of Hindalco’s new brand identity, Birla emphasised the company’s
The retail jewellery segment remains largely untapped, presenting a significant opportunity for major gems and jewellery companies. Amit Pratihari, managing director of De Beers Group India, in an interview with Krishna Barot, shares insights on evolving consumer preferences, the impact of lab-grown diamonds (LGDs), and De Beers’ strategic expansion in India. Excerpts: Q How is
Infra.market, a tech-enabled building materials platform, looks to tie up with mine owners and procure materials from them. The company sources aggregates (stone chips) which is one of largest raw material of concrete. “This is a part of backward integration to source raw materials,” said Aditya Sharda, co-founder of the company. The company has over 230
