Business news

Prime Minister Narendra Modi has today flagged off 9 new Vande Bharat Express trains aimed at boosting connectivity across eleven states namely Kerala, West Bengal, Tamil Nadu, Rajasthan, Odisha, Telangana, Andhra Pradesh, Karnataka, Bihar, Jharkhand and Gujarat. At the flag off, PM Modi said that the craze for Vande Bharat Express is increasing and it is only a matter of time when the new trains will...

In the constantly evolving and dynamic world of modern business, the capacity to adjust and undergo transformation is not merely a competitive edge; it is an essential requirement. Accomplished enterprises comprehend that the foundation of any successful transformation is the strategic harmony between human abilities and the overarching objectives of the business. This is where the significance of...

NEW DELHI: Flights of the only state-owned fixed wing aircraft airline — Alliance Air (AA) — have been badly disrupted with a large number of pilots having reported sick. The cash-strapped regional airline, which is going to be sold off soon, has been facing staff discontent due to delayed salary over past several months.“Almost 100 pilots, representing over 80% of Alliance AI’s total pilot...

NEW DELHI: The provisional figures of direct tax collections for the financial year (FY) 2022-23 show that net collections exceeded the Union Budget estimates by Rs 2.41 lakh crore i.e. by 16.97%, according to a statement released by the finance ministry on Monday.The net collections for 2022-23 stand at Rs 16.61 lakh crore, compared to Rs 14.12 lakh crore in the preceding financial year -- representing...

NEW DELHI: The government on Friday unveiled a new Foreign Trade Policy (FTP) seeking to push e-commerce, internationalise the rupee and offer amnesty to those who have been unable to meet the export obligation targets under the Export Promotion Capital Goods (EPCG) and advance licensing schemes. Announcing the new policy, commerce and industry ministry Piyush Goyal said he was hopeful that export of...

MUMBAI: Mutual fund companies are wooing retail investors who seek to avail of long-term tax benefits in debt funds in the last few days of the fiscal ending March 31. Last week, the government withdrew indexation benefits for investors in mutual fund schemes that hold less than 35% domestic equity in their portfolio. The new norms will apply from April 1, 2023.According to industry players, the demand...