The size of MSMEs matters in understanding their level of productivity relative to large enterprises in emerging economies including India. This means that micro enterprises trail large companies, by a greater margin in comparison to small and medium-size enterprises. The report noted that narrowing this productivity gap could be equal to an average of 10% […]
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Founded in 2018, Resourceful Automobile operates under the brand name Sawhney Automobile, dealing in Yamaha two-wheelers. The recent Rs.12 crores initial public offering of Resourceful Automobile, a Delhi-based company with just two outlets and a workforce of eight, has taken the market by storm with the issue receiving bids worth close to Rs 4,800 crores. […]
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Larsen & Toubro (L&T) has secured a significant order for integrated infrastructure development in Navi Mumbai Airport Influence Notified Area (NAINA) Project in Maharashtra. The order, awarded by CIDCO, involves road construction, structures, utility works and electrical works. The engineering and construction conglomerate, Larsen & Toubro (L&T) said that it has bagged a ‘large’ order […]
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Subsequently, the company received the High Court’s order on August 19, granting approval to the Writ Petition filed by the company and nullifying the show cause notice issued by the GST authorities, according to the filing. Larsen & Toubro announced on Tuesday that the Bombay High Court has nullified a GST demand of ₹2,237 crores imposed on […]
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The Gujarat Government has sanctioned Rs.381 crores for the development of a high-speed corridor between Vadodara and the Statue of Unity. This new infrastructure project aims to enhance connectivity and boost tourism. Key Highlights: Project Overview: The high-speed corridor will connect Vadodara to the Statue of Unity, significantly reducing travel time and improving access to […]
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According to the RBI’s new guidelines, if you transfer money to the wrong UPI address, you can expect to get your money back within 24 to 48 hours. Here are 5 Ways to Recover Money Sent to the Wrong UPI Address: With the Unified Payments Interface (UPI), users can easily transfer money digitally. However, issues […]
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In 2023-24, Gujarat surpassed Uttar Pradesh in attracting bank funds for projects. Gujarat secured funding for 154 projects, accounting for 14.7% of the total Rs.3.9 lakh crores financed, up from 14% in the previous year. Uttar Pradesh, which received funds for 69 projects, saw its share drop to 7.6% from 16.2%. Gujarat replaced Uttar Pradesh […]
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The Company registrations decreased by almost 11% year-on-year in July, following a 12% increase in June. A total of 14,887 companies, including foreign firms, were incorporated in July, against 16,698 a year ago. With this, company registrations saw year-on-year decline in three out of the first four months of this financial year, after a surge […]
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Ola Electric experienced a significant 4% rise in its share price after receiving approval for the Production Linked Incentive (PLI) scheme for two new electric vehicle (EV) models. This approval from the Indian government is part of its broader strategy to promote domestic manufacturing and boost the electric mobility sector. The PLI scheme is designed […]
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Global economic slowdown Global economic activity is experiencing a broad-based and sharper-than-expected slowdown. Supply Chain Disruptions: Events such as the COVID-19 pandemic and geopolitical tensions have highlighted vulnerabilities in global supply chains. India, as a major player in manufacturing and services, is impacted by these disruptions, which can affect its export and import patterns. Digital […]
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