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Gujarat contributes over 8.3% to national GDP: FM Sitharaman
Business

Gujarat contributes over 8.3% to national GDP: FM Sitharaman

Ahmedabad, April 20: Finance Minister Nirmala Sitharaman was in Ahmedabad on Saturday where she delved into the government's transformative economic policies. She recalled the pre 2014 era of double digit inflation and businesses relocating overseas, issues which have been effectively addressed by...
Zomato slapped with Rs 11.81 crore GST demand, penalty order
Business

Zomato slapped with Rs 11.81 crore GST demand, penalty order

New Delhi, April 20: Online food delivery platform Zomato has received a goods and services tax (GST) demand and penalty order worth Rs 11.81 crore. The order consists of Rs 5.9 crore in GST demand and a penalty of Rs 5.9 crore for July 2017 March 2021 period. The company has received an order...
Gold trading volume spikes amid Middle East crisis
Business

Gold trading volume spikes amid Middle East crisis

Seoul, April 20: The trading volume of gold in South Korea has jumped sharply this month amid escalating tensions in the Middle East, data showed on Saturday. The daily trading volume of gold in the country came to 16.9 billion won ($12.25 million) as of Friday, according to the data from Korea...
Elon Musk postpones India visit due to Tesla obligations
Business

Elon Musk postpones India visit due to Tesla obligations

Guwahati, April 20: American tech billionaire Elon Musk announced that his planned trip to India has been postponed because of "very heavy obligations" with Tesla. Musk, the CEO of Tesla, was initially set to visit India on April 21 and 22, to meet Prime Minister Narendra Modi. However, he...
Altair expands operations in India, opens new office
Business

Altair expands operations in India, opens new office

New Delhi, April 9: US based information technology company Altair on Tuesday expanded its operations in India by opening a new office. The company opened its new office in Chennai, strengthening its commitment to serving its growing customer base in the region and underscoring its dedication to...
Auto parts maker Musashi appoints Naoya Nishimura as CEO for India, Africa
Business

Auto parts maker Musashi appoints Naoya Nishimura as CEO for India, Africa

New Delhi, April 9: Japanese auto parts manufacturer Musashi, on Tuesday announced the appointment of Naoya Nishimura as its Chief Executive Officer (CEO) for India and Africa region. In his new role, Nishimura will work towards growing the penetration of Musashi’s Electric Vehicle (EV) products...
Maruti Suzuki India’s new vehicle assembly plant starts rolling out cars
Business

Maruti Suzuki India’s new vehicle assembly plant starts rolling out cars

Chennai, April 9: Passenger car major Maruti Suzuki India Limited on Tuesday said its new vehicle assembly line at its Manesar facility went on stream rolling out its Ertiga model first. According to Maruti Suzuki, the 100,000 units per annum new assembly line added to the existing Plant A of the...
SHARP India appoints Sujai Karampuri as Chairman
Business

SHARP India appoints Sujai Karampuri as Chairman

New Delhi, April 8: Consumer electronics company SHARP on Monday said that it has appointed Sujai Karampuri as the Chairman of its India Business. Karampuri will lead SHARP's Display Business in the country, enhancing the brand's presence and establishing strategic partnerships for manufacturing...
India’s fuel demand scales record high in 2023-24
Business

India’s fuel demand scales record high in 2023-24

New Delhi, April 8: India's consumption of petroleum products such as diesel, petrol, LPG and bitumen went up by 5 percent to touch a record level of 233.276 million tons during the financial year that ended on March 31, 2024, according to data compiled by the Ministry of Petroleum and Natural Gas. ...
Apple ecosystem building workers
Business

Apple ecosystem building workers' homes another milestone in PM Modi's PLI...

New Delhi, April 8: Union minister and Thiruvananthapuram BJP candidate, Rajeev Chandrasekhar, on Monday, said that it is due to the visionary production linked incentive (PLI) scheme of Prime Minister Narendra Modi that the Apple ecosystem in the country is not only providing lakhs of jobs but also...
Adani Gas subsidiary joins MG Motor India to install charging stations to boost India’s EV goals
Business

Adani Gas subsidiary joins MG Motor India to install charging stations to boost...

New Delhi, April 8: In a bid to help India build a robust and efficient EV charging infrastructure, Adani Total Energies E-Mobility Limited (ATEL) and MG Motor India on Monday signed a memorandum of understanding (MoU), which is aimed at enabling ease of use and increased accessibility for...
‘Vegetable prices especially potato and onion pose upside risk to food inflation’
Business

‘Vegetable prices especially potato and onion pose upside risk to food...

New Delhi, April 6: BoB Essential Commodity Index (BoB ECI) has increased at the fastest pace since August 2023 by 5.9 per cent in March 2024, on YoY basis and by 0.4 percent, on a sequential basis, says Dipanwita Mazumdar, Economist, Bank of Baroda. On a seasonally adjusted basis, the increase...
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