Net profit of ICICI Lombard General Insurance Company rose 67.89% to Rs 724.38 crores in the quarter ended December 2024 as against Rs 431.46 crores during the previous quarter ended December 2023. Sales rose 17.20% to Rs 5045.17 crores in the quarter ended December 2024 as against Rs 4304.81 crores during the previous quarter ended […]
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Jaipur: Addressing pre-budget discussions held in two sessions with representatives of industry, trade, tax advisory associations and the service sector on Monday, Chief Minister, Bhajan Lal Sharma said MSME registrations were increasing rapidly due to investment-friendly policies of the State. In the last year, he said, about 5 lakh micro, small, and medium enterprises (MSMEs) […]
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The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 07/2025-Central Tax (Rate) to implement recommendations from the 55th GST Council Meeting held on December 21, 2024. This notification amends Notification No. 13/2017-Central Tax (Rate) by modifying the applicability of the Reverse Charge Mechanism (RCM) for services involving the renting of immovable property, with specific exclusions for composition taxpayers. Amendment to Serial […]
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Startup Mahakumbh 2025, the world’s largest startup event is poised to return with an ambitious vision to ignite innovation, empower entrepreneurs and elevate India’s position on the global startup stage. Scheduled to take place from April 3 to 5, 2025, the second edition of this flagship event is set to foster collaboration, inclusivity and technological […]
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The dealing with internal factors would mean entities require more discipline and emphasis on corporate governance and compliance. The rise in stress in the microfinance sector is cyclical and for State Bank of India, the bad loans have grown from Rs 100 crores to Rs 700 crores for Rs 10,000 crores portfolio of such loans […]
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India and Singapore are cooperating in critical sectors like advanced manufacturing and semiconductors as the relations are on a “new trajectory” of growth, Singapore President, Tharman Shanmugaratnam said on Thursday. Shanmugaratnam, on a five-day visit to India, held separate talks with President, Droupadi Murmu and Prime Minister, Narendra Modi with a broad focus on further […]
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The initiative aims to empower startups across Maharashtra with Rs.30 crores allocated to each regional division, underscoring commitment to fostering a vibrant startup ecosystem and spurring economic growth. Boosting Maharashtra’s potential to become India’s startup capital, the Small Industries Development Bank of India announced Rs 200 crores fund to support innovation and entrepreneurship. Unveiled on […]
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Saudi Arabia has shifted its focus to lithium under the Vision 2030 plan. The Saudi Government aims to reduce the country’s dependency on oil by 2030. Saudi Arabia, a country that earns billions of dollars by supplying oil, is now all set to mine lithium, often referred to as the ‘new oil’. The kingdom has announced a […]
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India’s first e-commerce export hub is set to become operational by March, aiming to boost exports to USD 100 billion by 2030. The pilot launch includes companies like Shiprocket and DHL, with features such as self-sealing and easy reimport policies. Additionally, a new Diamond Imprest Authorization scheme will start from April 1, promoting duty-free import […]
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First consecutive year of declining GDP since early 2000s highlights challenges facing next Government. Germany’s economy has shrunk for a second consecutive year for the first time in more than two decades, highlighting the challenges the next Government will face after snap elections in February. As voters prepare to head to the polls amid heightened […]
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