Month: October 2024

Tamil Nadu’s electronics and automotive sectors thriving under China+1 strategy: Minister

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The China +1 strategy, aimed at reducing reliance on Chinese manufacturing by investing in other countries, has significantly benefited Tamil Nadu, positioning it as a prime destination for electronics manufacturing. Tamil Nadu’s Information Technology Minister, P. Thiaga Rajan lauded the State’s burgeoning electronics and automotive sectors, pointing to the successful implementation of the China +1 […]

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This travel priority for small and medium businesses is surprising

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When it comes to booking travel for employees, many businesses rank one factor above all others. Business travel can be costly and account for a significant portion of small and medium-sized enterprises’ (SMEs) annual expenses. Yet a survey conducted by Corporate Traveler and Global Business Travel Association (GBTA) found business travel managers aren’t as focused on the bottom […]

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1-2 years returns show SME IPOs can deliver long-term value, but there’s a catch!

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SME IPOs show potential for long-term value despite regulatory concerns. ETMarkets’ analysis reveals that 55 out of 105 IPOs from the past year delivered multi bagger returns, with an average appreciation of 373%. Analysts stress the importance of fundamental analysis amid high returns and regulatory scrutiny. The hype around the SME IPO market and the […]

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US-China trade war escalation may help Indian exports: GTRI

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Escalating US-China trade tensions could boost India’s exports and attract American investments, as new US Senate bills may shift production away from China. India can leverage this by enhancing its manufacturing sector in electronics, textiles, and other industries, reducing reliance on Chinese products. The escalation in the US-China trade war is expected to help India […]

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India is emerging as a global manufacturing hotspot

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India’s rise as a global manufacturing hub is driving increased warehousing demand, with multinationals setting up factories. Supportive Government policies and strategic initiatives are attracting investments from global manufacturers. The manufacturing sector’s share of total warehouse leasing grew significantly, reflecting robust demand across key segments like domestic appliances and auto parts. India’s emergence as a […]

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Qatar Beating Saudi Arabia and UAE in the Middle East Tourism Sector with a Powerful 147 Percent Surge Rate

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In a stunning display of recovery and growth, Qatar has emerged as the dominant force in the Middle East tourism market, recording a remarkable 147% increase in arrivals during the first half of 2024 compared to pre-pandemic levels according to UN Tourism. Out of 120 destinations worldwide, 67 have managed to fully recover their 2019 arrival numbers, and Qatar leads the pack as one of the strongest […]

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CGST Section 16 Revised: Taxpayers Gain Relief with New ITC Claim Provisions for 2017-2021

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In a significant update to the Central Goods and Services Tax (CGST) Act, Section 16 has been amended with the insertion of two new sub-sections. This change aims to address input tax credit (ITC) claims for past financial years and offers relief to taxpayers whose GST registration was cancelled and later revoked. Key Highlights of […]

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Congress demands Sitharaman’s resignation over extortion

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Congress on Sunday attacked the BJP after a case was lodged against Finance Minister, Nirmala Sitharaman and others on a complaint relating to the now-scrapped electoral bonds scheme and demanded her resignation for “undermining democracy”. The opposition party reiterated its demand for a Supreme-court monitored inquiry through an SIT into the whole electoral bond scheme. […]

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India’s 7% growth fails to generate jobs: Raghuram Rajan

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With 7% economic growth, India is not creating enough jobs as reflected by the number of applicants for vacant posts in some states, Reserve Bank’s former governor Raghuram Rajan said and suggested the government needs to focus on promoting labor-intensive industries to generate employment. Rajan further said some Indians, especially those at upper level, are […]

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