New Delhi: A new government quality control order on steel is pitting India’s micro, small, and medium enterprises against regulators, with importers claiming the measure has triggered a sharp rise in domestic prices and supply shortfalls. In a letter dated 17 September, the Metals and Stainless Steel Merchant’s Association (Massma) has asked the ministry of…
Achin Gupta, currently Cipla’s global chief operating officer, is likely to succeed him, the people said, requesting anonymity. “Achin Gupta was brought in to head the India business and has been groomed for the last few years. Gupta is expected to take over Vohra’s role within a year’s time, likely by March 2026,” said an…
Why Karnataka’s film ticket price cap may not pull off a blockbuster at theatres ₹200, claiming its impact is limited. Experts argue dynamic pricing is necessary for diverse cinemas, as discounts lose novelty and may not significantly increase theatre footfalls.”/> Source link
This, in turn, is cooking up a recipe for more platform plays and inorganic growth opportunities, driving brands in the ₹100 crore revenue bracket to scout for buyers and unlock their next phase of scale. Quick-service restaurant (QSR) chains Kitchen Garden and Burger Singh, ice-cream brand Noto, and restaurant chain Nandhana Palace, among others, are…
Until now, such surrender of projects was not allowed. And in case developers sought to abandon such projects, the government forfeited their bank guarantees. If the move is implemented, there might be a cut-off date for such projects which would be given the exemption. “Ways are being considered to resolve the issue of unsigned power…
Ban holiday today: While not a pan-India holiday, all public and private banks in Jaipur, Rajasthan will be closed today, on September 22 (Monday), on account of Navratra Sthapna. Jaipur city will celebrate Navratra Sthapna, which marks the beginning of Navratri celebrations among Hindus. Notably, banks across India, including the State Bank of India (SBI),…
Bengaluru’s well-known eatery Paradise Biryani, for instance, runs its own fleet for bulk orders even while listing on Swiggy and Zomato—sweetening direct deliveries with discounts of up to 40%. In Versova, a western suburb of Mumbai, old local favourite joints such as The Stomach dispatch staff to leave physical copies of their takeout menus on…
The extension comes after Mint reported on 14 August that scores of autopay mandates or transactions were set for disruption, as the fintech supervisory body planned to deactivate all @Paytm handles with effect from 1 September. Paytm earlier this month wrote to its merchant partners informing them that the NPCI has extended the deadline for…
Still, analysts warn this move would force Indian IT companies to hire locally at higher wages or shift operations out of the US, all of which could weigh on their revenue and profitability. The new policy is expected to hit the big players the hardest. The top three IT firms by net profits — TCS,…
Mumbai: From publishing new, lower prices to liquidating older stock in quick sales, consumer goods companies, their distributors, and offline and online retailers are preparing to adjust new GST rates on a war footing ahead of the 22 September rollout. What steps have they taken to prepare, and what challenges are they still facing? Mint…