The GST Council has revamped the Group of Ministers on GST revenue analysis to address sector-specific tax policy issues and explore unified enforcement strategies to combat tax evasion.
JSW Group Chairman Sajjan Jindal has raised doubts about Tesla’s ability to succeed in India’s electric vehicle (EV) market, emphasizing the dominance of domestic players. He highlighted that Indian manufacturers, including Tata Motors and Mahindra & Mahindra, have already established a stronghold, making it difficult for Tesla to replicate its global
Indian exporters are urging the government to reduce import duties on select goods from the United States in response to the recently imposed 25% tariff on steel and aluminum imports by the US. The move aims to offset the financial strain on small and medium-sized engineering goods exporters, who are expected to face significant challenges […]
The recent imposition of tariffs by the United States on imports from China, Mexico, and Canada is expected to create new trade opportunities for Indian exporters. With higher duties making products from these nations less competitive, experts believe Indian industries could step in to bridge the supply gap, particularly in sectors like textiles, engineering, chemicals,
Tesla, the global leader in electric vehicles, is strengthening its presence in India by launching a hiring drive in Mumbai and Pune. With 20 job openings across multiple roles, the company is gearing up for its much-anticipated entry into the Indian market. Tesla’s Recruitment Drive in India Tesla has announced 15 job openings in Mumbai […]
India’s manufacturing sector experienced a slowdown in February 2025, with the Purchasing Managers’ Index (PMI) dropping to 56.3 from January’s 57.7, marking a 14-month low. This decline is attributed to cooling demand, both domestically and internationally, leading to softer increases in new orders and production. Cooling Demand Impacts Factory Activity The
Indian startups have collectively raised over $1 billion in funding in the first two months of 2025, signaling a strong investment climate. A significant portion of this capital has been directed toward mature startups and companies seeking growth capital, reflecting a strategic shift among private equity (PE) and venture capital (VC) investors toward more established […]
The Adani Group has announced plans to raise over $12.5 billion in equity over the next five years to support its ambitious ₹5 lakh crore (approximately $57.16 billion) capital expenditure program. This strategic move aims to bolster the conglomerate’s investments in utilities and infrastructure projects across India. Strategic Equity Fundraising According to the
Arvind Panagariya, Chairman of the 16th Finance Commission, has expressed confidence in India’s trajectory toward becoming a $10 trillion economy within the next decade. Speaking at the 49th Civil Accounts Day celebrations in New Delhi, Panagariya highlighted India’s robust economic performance over the past two decades, noting an average annual growth rate of
RuPay, India’s indigenous payment network, has achieved a significant milestone by capturing approximately 16% of the country’s total credit card spending. Notably, nearly half of these transactions are facilitated through the Unified Payments Interface (UPI), highlighting the growing integration of RuPay credit cards with UPI’s seamless payment system.
