https://www.thehindubusinessline.com/companies/grasim-aims-to-become-2nd-largest-in-decorative-paints-biz/article67234835.ece Clipped from: https://www.thehindubusinessline.com/companies/grasim-aims-to-become-2nd-largest-in-decorative-paints-biz/article67234835.ece Last fiscal, Grasim made its largest-ever capital expenditure of ₹4,307 crore, including ₹1,979 crore in the paints business Grasim Industries, an Aditya
Category: Industry
28% GST move: E-gaming companies fear tax liability may rise to 400%
https://www.business-standard.com/industry/news/amended-gst-law-will-increase-e-gaming-firms-tax-liability-by-over-400-123082200705_1.html lipped from: https://www.business-standard.com/industry/news/amended-gst-law-will-increase-e-gaming-firms-tax-liability-by-over-400-123082200705_1.html The law will come into force on October 1 this year and will be reviewed after six months, according to a decision
IT service providers: Hiring down, attrition (back) up: says ISG – The Hindu BusinessLine
https://www.thehindubusinessline.com/info-tech/it-service-providers-hiring-down-attrition-back-up-says-isg/article67222634.ece Clipped from: https://www.thehindubusinessline.com/info-tech/it-service-providers-hiring-down-attrition-back-up-says-isg/article67222634.ece Over the course of 2021 and 2022, global IT service providers added over 2.2 million employees Attrition in the global information technology (IT) sector
Pharma sector hits upon right formula – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/pharma-sector-hits-upon-right-formula/article67224223.ece Clipped from: https://www.thehindubusinessline.com/opinion/pharma-sector-hits-upon-right-formula/article67224223.ece Already a global powerhouse in generics, the industry can usher in the next leg of growth by spurring innovation in biosimilars and
Indian PC market declined for fourth consecutive quarter, shows IDC data
https://www.business-standard.com/industry/news/india-s-traditional-pc-market-shipment-decline-15-3-shows-idc-data-123081700587_1.html excerpts Market share HP led the market with a share of 31.1 per cent in Q2CY23 and a strong growth in both the consumer
Rising competition, valuations of paint majors on palette of worry
https://www.business-standard.com/markets/news/rising-competition-valuations-of-paint-majors-on-street-s-palette-of-worry-123081300321_1.html Excerpts In terms of profitability, all paint companies experienced an expansion in margins, attributed to lower raw material costs and an improved product mix.
Pharma industry in a huddle after fresh NMC regulations for doctors
https://www.business-standard.com/industry/news/pharma-industry-in-a-huddle-after-fresh-nmc-regulations-for-doctors-123081300469_1.html A senior executive of a prominent lobby group said the fresh regulations were being examined. “If doctors prescribe only generic molecule names, then there
Give local production plan, Govt tells IT firms seeking deferral of import licensing regime
https://www.thehindubusinessline.com/info-tech/centre-asks-it-hardware-firms-to-ramp-up-local-production-in-lieu-of-pushing-back-import-licence-deadline/article67176670.ece The Centre has countered the IT hardware industry’s request seeking a 9–12 month deferral of the new import licensing norms by asking players to submit a
Indian IT to become more attractive after data law: Ashwini Vaishnaw
https://www.business-standard.com/economy/interviews/indian-it-to-become-more-attractive-after-data-bill-ashwini-vaishnaw-123081100886_1.html The Digital Personal Data Protection Bill, 2023, recently cleared the test of parliamentary approval. Ashwini Vaishnaw, the Union minister for communications, electronics and information technology,
Cut GST in tractor components, says Parliament Standing Committee on Agriculture – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/agri-business/cut-gst-in-tractor-components-says-parliament-standing-committee-on-agriculture/article67106694.ece Clipped from: https://www.thehindubusinessline.com/economy/agri-business/cut-gst-in-tractor-components-says-parliament-standing-committee-on-agriculture/article67106694.ece Moots cut in levy for parts of tractors up to 40 HP from the current 12% The Fifty-Eighth Report of the Standing
Cautious outlook
https://www.business-standard.com/opinion/editorial/cautious-outlook-123072400952_1.html Clipped from: https://www.business-standard.com/opinion/editorial/cautious-outlook-123072400952_1.html Growth in the IT sector will be slow Listen to This Article The information technology (IT) industry is making a comeback in
28% GST on horse race betting a great disappointment: TAI – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/sports/28-gst-on-horse-race-betting-a-great-disappointment-tai/article67102153.ece Clipped from: https://www.thehindubusinessline.com/news/sports/28-gst-on-horse-race-betting-a-great-disappointment-tai/article67102153.ece TAI asks govt to review the GST rate to support agricultural-based industry The GST Council’s recent decision to impose 28 per cent
Misplaced interest
https://www.business-standard.com/opinion/editorial/misplaced-interest-123071701073_1.html lipped from: https://www.business-standard.com/opinion/editorial/misplaced-interest-123071701073_1.html Govt equity in chip design firms is impractical Listen to This Article The government’s efforts to stimulate a domestic semiconductor industry are
🙏Can online gaming companies survive the 28% GST? – The Hindu BusinessLine
https://www.thehindubusinessline.com/blexplainer/bl-explainer-can-online-gaming-companies-survive-the-28-gst/article67079053.ece Clipped from: https://www.thehindubusinessline.com/blexplainer/bl-explainer-can-online-gaming-companies-survive-the-28-gst/article67079053.ece The Internet and Mobile Association of India is opposed to the levy but the govt says it is necessary to curb gambling addiction
🙏GST Council decides to levy uniform taxation for utility vehicles
https://www.business-standard.com/industry/auto/gst-council-decides-to-levy-uniform-taxation-for-utility-vehicles-123071101059_1.html Clipped from: https://www.business-standard.com/industry/auto/gst-council-decides-to-levy-uniform-taxation-for-utility-vehicles-123071101059_1.html India’s Goods and Services Tax (GST) Council said that uniform taxation would be levied on multi-utility vehicles and sports utility vehicles, according
🙏Cinema industry welcomes cutting GST rates on food served in movie theatres
https://www.business-standard.com/industry/news/cinema-industry-welcomes-cutting-gst-rates-on-food-served-in-movie-theatres-123071101048_1.html lipped from: https://www.business-standard.com/industry/news/cinema-industry-welcomes-cutting-gst-rates-on-food-served-in-movie-theatres-123071101048_1.html Multiplex operators welcomed GST Council’s decision to lower tax rates on food and beverages sold in cinema halls, saying it will help
👍Centre has ‘murdered’ online gaming with 28% GST, says Ashneer Grover
https://www.business-standard.com/economy/news/centre-has-murdered-online-gaming-with-28-gst-says-ashneer-grover-123071200253_1.html Clipped from: https://www.business-standard.com/economy/news/centre-has-murdered-online-gaming-with-28-gst-says-ashneer-grover-123071200253_1.html The new tax puts fantasy gaming tax at the same level as gambling and betting Former Bharatpe Co-founder and MD Ashneer Grover
No review or roll-back; GST move unanimous: Revenue Secy Sanjay Malhotra
https://www.business-standard.com/economy/interviews/imposing-28-gst-on-entire-face-value-a-unanimous-decision-revenue-secy-123071200964_1.html Clipped from: https://www.business-standard.com/economy/interviews/imposing-28-gst-on-entire-face-value-a-unanimous-decision-revenue-secy-123071200964_1.html “I don’t think that the demand for these vehicles is so ‘elastic’ that a small tax change could impact the market drastically”
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