The government has issued a formal notification initiating a probe into the dumping of certain alloy and non-alloy steel products into India for imposing safeguard duties. The products singled out for the probe include Hot Rolled (HR) coils, sheets and plates, HR Plate Mill Plates, Cold Rolled coils and sheets, and Metallic Coated Steel coils
Real Estate Investment Trusts (REITs) are the safest way to hold a stake in real estate amid the country’s encouraging growth rate that can make India the world’s largest investment region in the sector in two decades, experts said. Speakers at Money Conclave 2024 in the city noted that investments in real estate required a
Over 15% of India’s high networth individuals (HNIs) are under 30, driven by startup unicorns, IPOs, and tech-driven ventures. This number is expected to rise to 25% by 2030, said a new report. Also ReadPush for domestic solar cells seen to inflate project costs About 20% of the Indian millionaires are under 40, said a
Even though the government’s decision to include solar cells — and not just PV modules — under the Approved Lists of Models and Manufacturers (ALMM) starting June 1, 2026, but may in the short term inflate delivered costs of domestic modules, drive up the capital cost of projects and affect timelines, analysts say. Additionally, high
Contract manufacturing startup Zetwerk, on Thursday, said it achieved a gross merchandise value (GMV) of ₹17,564 crore in FY24, reflecting a 35% growth from the ₹13,050 crore GMV recorded in the previous fiscal year. The company operates a vast network of 15,000 contract manufacturing partners, supplying industrial equipment to sectors such as renewables, electronics, and
Nestle India has clarified that the suspension of the most favoured nation (MFN) clause granted to India by Switzerland will not affect its operations. The company described the development as a “policy issue” between the two governments and not specific to Nestle. On December 11, the Swiss government suspended the MFN status granted to India
Nasdaq-listed IT services major Accenture has raised its annual revenue growth forecast for fiscal 2025 to 4-7%, up from the earlier projection of 3-6%. The revision is attributed to a reduced negative impact from foreign exchange fluctuations, now expected to be approximately 0.5%, compared to the 1.5% projected earlier. Accenture’s performance and outlook are of
JSW Infrastructure, India’s second-largest private port operator, has outlined an ambitious capital expenditure plan of Rs 30,000 crore to increase its cargo-handling capacity to 400 MTPA by FY30. The port operator has planned brownfield projects at three locations and aims to initiate greenfield developments at three additional sites to establish new ports. To strengthen its
8th Pay Commission: With the Centre ruling out any proposal to set up the 8th Central Pay Commission anytime soon, over 1 crore central government employees and pensioners have expressed their displeasure over the delay in announcing the next pay commission, which, according to them, should start its term from January 1, 2026. Amid this
Signature Global has emerged as the market leader in the Dwarka Expressway region, as per a recent report by Square Yards which pegs the total annual residential new supply along Dwarka Expressway at 10,000 units per annum since 2020, compared to 5,000–7,000 new units launched per annum in the pre-pandemic period. According to Square Yards
Former India cricketer Robin Uthappa may be arrested in connection with an alleged Provident Fund (PF) fraud case. Uthappa, who is the director of Centaurus Lifestyle Brands Private Limited, is accused of deducting PF contributions from employees’ salaries but failing to deposit the funds into their accounts. The cricketer has allegedly defrauded both the employees
In a major relief for central government employees, the Ministry of Health and Family Welfare has issued new guidelines to curb fraudulent billing and overcharging by healthcare organisations (HCOs) empanelled under the Central Government Health Scheme (CGHS). The move to launch a crackdown against such hospitals to protect beneficiaries from malpractice and ensure compliance with
The Defence Ministry has answered pertinent queries in the Lok Sabha with regard to the medical pension of Army personnel declared unfit for service on grounds of psychiatric and physical disability by the Army Medical Board. Parliamentarian Hanuman Beniwal raised queries in the Lok Sabha asking from the Defence Ministry about the steps taken/proposed to
