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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Whole-time Member of the Securities and Exchange Board of India (SEBI), Ashwani Bhatia on Friday sounded a cautionary note on listings and fundraising by small and medium enterprises (SMEs), amid instances of manipulation and fraudulent practices. Speaking at a conference held by the Institute of Chartered Accountants of India (ICAI), Bhatia stressed that such cases […]
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The Ministry of Corporate Affairs (MCA) will announce the guidelines for the internship scheme over the next two weeks, following which the portal will be made active for the prospective applicants, officials involved in the exercise said. A new portal is in the works to enable youth to apply for internships directly with the country’s […]
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This initiative has been launched by the Commerce and Industry Ministry, through which merchandise exports are to be made easier through e-commerce platforms. The Indian Government has recently set a goal to create about 50 e-commerce export zones during the next five years, as the country’s e-commerce exports are at a rather low level – […]
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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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According to the report by Motilal Oswal Financial Services, to further boost localisation and value addition in India, additional initiatives will be necessary to promote component manufacturing in the country, where the Government is already working on the various schemes. Backed by robust Government measures, the domestic electronic manufacturing services (EMS) market is poised to […]
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Business schools teach that prediction is critical in strategic decision-making based on the assumption that what can be predicted can be controlled. Trying to get a startup off the ground? Be prepared to face the world of unknowns: Will customers buy your product? Can you outpace competitors? How will you secure funding? Can your venture […]
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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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Reserve Bank of India Governor, Shaktikanta Das received an ‘A+’ rating from Global Finance magazine, ranking the top central banker globally for the second year. The recognition acknowledges his adept handling of economic crises, including the Covid-19 pandemic and the war in Ukraine. Das was also instrumental in shaping the GST framework and key economic […]
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