It’s been a rough couple of years for IndiaMart InterMesh but Dinesh Agarwal is betting things will look up. The CEO of the country’s biggest B2B portal, which caters to small enterprises, is hopeful the pace of customer additions will perk up. Since June, 2023 just about 2,000-3,000 customers have been added every quarter compared
The Goods and Services Tax (GST) Council Meeting, headed by Finance Minister Nirmala Sitharaman invited mixed reaction after it announced that pre-packed and labelled ready-to-eat popcorn will attract a 12 per cent tax while caramelized popcorn would attract an 18 percent GST. On 21st December, the Ministry of Finance, in a release, clarified that “ready
Adani Enterprises on Monday announced that its wholly owned subsidiary, Adani Defence Systems & Technologies Ltd (ADSTL) has signed a share purchase agreement to acquire 85.8 per cent shareholding in Air Works India (Engineering) Private Limited, a private sector MRO company with a pan-India footprint. The cost of acquisition would be at an enterprise value
The Indian data centre industry capacity is expected to more than double to 2-2.3 GW by fiscal 2027, stated a report by CRISIL Ratings. The growth, it added, will be led by increasing digitalisation of the economy as enterprises increase their investments in cloud storage and consumer demand for data surges. Also, rising penetration of
Larsen and Toubro (L&T) on Monday announced that its Precision Engineering & Systems vertical has bagged an order from the Ministry of Defence, Government of India, for the supply of K9 Vajra-T Artillery Platforms to the Indian Army. K9 Vajra-T, a 155 mm, 52-calibre tracked self-propelled artillery platform adapted from South Korean self-propelled howitzer K9
Indian Railways is considering a total of 1,318 railway stations for redevelopment under the Amrit Bharat Station Scheme. Initially, the government planned to implement most station redevelopment projects through the Public-Private Partnership (PPP) model, which was expected to contribute around 12% to the National Monetisation Pipeline (NMP) target. However, due to limited participation in PPP
The Indian cement industry is expected to witness a robust recovery in the second half of FY25, stated a report by Motilal Oswal Financial Services Ltd (MOFSL). This, it added, will be driven by pent-up demand, a rebound in government capex, and sustained momentum in the real estate and housing sectors. During October-November 2024, industry
Rohan Mirchandani, co-founder of Epigamia, India’s leading Greek yogurt brand, passed away at the age of 42 due to cardiac arrest. The news was confirmed by Epigamia’s parent company, Drums Food International. “All of us at the Epigamia family will deeply mourn this loss. Rohan was our mentor, friend, and leader. We remain steadfast in
Quick commerce platform Zepto will start selling Apple products, including the latest iPhone 16e, on its platform this week, according to people with direct knowledge of the development. The assortment will have iPads, Apple Watches and AirPods, among other accessories. This comes just two weeks after its rival Blinkit announced it would start delivering other
The planned imposition of the claimed reciprocal tariffs on imports by the Donald Trump administration will impact Tata Motors and Samvardhana Motherson International (SAMIL), research and rating agency Moody’s said on Monday. Vehicle exports to the US are limited at around 3% of total exports for India. However, auto parts suppliers and luxury carmakers selling
Religare Enterprises (REL) on Monday said it has commissioned a governance review of the company and subsidiaries, Religare Finvest and Religare Housing. It has also sought immediate funds from its promoters — the Burman family — to sustain operations. “The objective is to review the past operating practices, suggest improvements around systems and controls for future
Ashok Ambade, a property broker in Thane near Mumbai, says he has seen a 10-20% drop in buying enquiries in the last six months. “There are very few buyers now,” Ambade, who has been in the business for 20 years now, adds. Vineet Matlani, another broker, pegs the decline in enquiries at an even higher
The Centre in January this year announced the 8th Pay Commission, which will submit its report to the central government for revision of salaries and pensions. Ever since the pay panel was announced, central government employees and pensioners have been eagerly awaiting the appointment of 2 committee members and the chairman. The government is expected
