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Business
Government e-Marketplace surpasses Rs 4 lakh cr GMV within 10 months this fiscal
25 Jan 2025 3:22 PM IST
New Delhi, Jan 25: Setting a new benchmark, the government e-Marketplace (GeM) has surpassed last years’ gross merchandise value (GMV) of Rs 4 lakh crore within 10 months this fiscal (FY25). The GeM clocked a GMV of Rs 4.09 lakh crore as on January 23, which marks a growth of nearly 50 per cent over...
Business
Centre cracks down on spoofed international calls, telcos block over 20 carriers
25 Jan 2025 1:02 PM IST
New Delhi, Jan 25: An indigenously developed system to identify and block international spoofed calls that display Indian mobile numbers has significantly brought down such calls to about 4 lakh per day, the government has informed. Further, the government asked Indian Telcos to initiate drive...
Business
Centre alerts citizens against fraudsters issuing fake summons for GST...
25 Jan 2025 12:57 PM IST
New Delhi, Jan 25: The Centre on Friday cautioned citizens against fraudsters issuing fake and fraudulent summons for Goods and Services Tax (GST) violations. The Central Board of Indirect Taxes and Customs (CBIC) said it has been recently observed that some individuals with fraudulent intent are...
Business
'Make products in America or face tariffs': Donald Trump issues ultimatum at...
24 Jan 2025 3:18 PM IST
Davos (Switzerland), Jan 24: US President Donald Trump has invited global businesses to manufacture their products in the US and promised them lower taxes but also issued a stern warning that if they choose to produce their goods elsewhere, they would have to pay tariffs worth 'billions and...
Business
BOK floats more fresh bills ahead of extended Lunar New Year holiday
24 Jan 2025 3:16 PM IST
Seoul, Jan 24: The Bank of Korea (BOK) said on Friday it has issued a greater value of fresh banknotes for this year's Lunar New Year holiday than a year earlier. The central bank supplied 5.06 trillion won (US$3.89 billion) worth of fresh banknotes to banks and other financial institutions for 10...
Business
Chandrababu Naidu's Davos visit successful in creating 'AP Brand' image:...
24 Jan 2025 1:56 PM IST
Amaravati, Jan 24: Andhra Pradesh Chief Minister N. Chandrababu Naidu’s four-day visit to Davos aimed at creating 'AP Brand' image and setting up a network to invite massive investments to the state ended successfully, the state government said on Thursday. While holding fruitful discussions with...
Business
NCLAT stays CCI ban on WhatsApp, asks Meta to pay half the Rs 213 crore fine
23 Jan 2025 12:25 PM IST
New Delhi, Jan 23: In a respite for Mark Zuckerberg-run Meta, the National Company Law Appellate Tribunal (NCLAT) on Thursday stayed the five-year ban imposed by the Competition Commission of India (CCI) on WhatsApp for its data-sharing practices. The NCLAT bench, led by Justice Ashok Bhushan, said...
Business
Big step for jute-producing farmer: PM Modi on MSP hike
23 Jan 2025 11:35 AM IST
New Delhi, Jan 23: Prime Minister Narendra Modi on Thursday said that the Centre has taken a significant step to benefit farmers in the jute producing sector, including in West Bengal, by approving a hike in the Minimum Support Price (MSP) of raw jute for the 2025-26 marketing season.Taking to X, PM...
Business
Sun Petrochemicals signs Rs 45,500 crore investment MoU with T'gana
23 Jan 2025 11:33 AM IST
Hyderabad, Jan 23: In one of the single largest investment deals, Sun Petrochemicals, a leading energy company, has signed a Memorandum of Understanding (MoU) with the Telangana government to invest Rs 45,500 crore in the state. As per the MoU signed on the sidelines of World Economic Forum in Davos...
Business
Maha govt signs 31 MoUs for investment proposals worth Rs 6,25,457 crore at...
22 Jan 2025 11:28 AM IST
Mumbai, Jan 22: The Maharashtra government has signed a record 31 MoUs with investment proposals worth Rs 6,25,457 crore in the field of steel, metals, renewable energy, infrastructure, cement, Lithium-Ion Batteries and Solar Modules on the sidelines of World Economic Forum summit at Davos. The MoUs...
Business
Centre introduces diamond imprest authorisation scheme to revive sector
22 Jan 2025 11:26 AM IST
New Delhi, Jan 22: With an aim to enhance the global competitiveness of India’s diamond sector, the government has introduced the Diamond Imprest Authorization (DIA) Scheme that will be implemented from April 1. The scheme provides a streamlined mechanism for duty free import of natural cut and...
Business
Centre unveils Rs 2,000 crore projects to boost capacity at Mumbai’s Jawaharlal...
22 Jan 2025 11:24 AM IST
Mumbai, Jan 22: Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, on Tuesday launched multiple projects worth nearly Rs 2,000 crore in order to expand capacity at the Jawaharlal Nehru Port here. The Union Minister also launched one solar-powered boat, two indigenously developed...
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