New Delhi: The Central government’s indirect tax administration plans a gentle approach to pull more retail traders and vendors into the goods and services tax net, unlike Karnataka and Tamil Nadu’s direct efforts that resulted in a backlash, two officials said. Traders and vendors with annual sales above ₹40 lakh are required to be registered…
Mumbai: India’s digital advertising market may be booming, worth ₹50,000 crore, but according to new research, much of that money may be chasing the wrong metric. A landmark study by Snap Inc., WPP Media and Lumen Research, India’s largest of its kind, found that attention, not impressions or view-through rate (VTR), is the real driver…
In a major relief for Delhi’s power distribution companies (discoms), the Supreme Court on Wednesday allowed them to recover over ₹27,200.37 crore in long-pending dues, known as regulatory assets, from the Delhi Electricity Regulatory Commission (DERC). A bench of justices P.S. Narasimha and Sandeep Mehta settled the years-long dispute involving BSES Rajdhani Power Ltd (BRPL),…
The Lok Sabha passed the Merchant Shipping Bill on Wednesday, paving the way for compliance with India’s obligations under maritime treaties and international instruments and ensure the development of the shipping industry. The bill was passed after a brief discussion as opposition parties continued with protests seeking a discussion on poll roll revision in Bihar….
New Delhi: India’s trade resilience remains strong despite the 25% tariff imposed by US President Donald Trump on Indian goods, with the country’s broader export base and strong domestic fundamentals helping buffer the shock, industry body PHD Chamber of Commerce and Industry (PHDCCI) said. A white paper released by the industry body estimates that while…
Mumbai: The Reserve Bank of India on Wednesday issued final guidelines on co-lending arrangements, mandating that each lender that is part of such a mechanism must keep at least 10% of the loan originated on their book. The final norms also require the loan originator to transfer the loan to the co-lender within 15 days…
| Mumbai: The Reserve Bank of India (RBI) has ruled out any ban or curbs on bancassurance, even as concerns mount over rampant misselling of insurance products by bank staff. Addressing a post-policy conference on Wednesday, Governor Sanjay Malhotra backed the insurance regulator’s stance that the distribution of insurance products through banks should not be…
Media and entertainment conglomerate Walt Disney Company has projected an equity loss of approximately $200 million for the year ended September from its India joint venture with Reliance Industries Ltd, primarily driven by purchase accounting amortization, suggesting that integration costs or performance issues remain in the country. Disney recorded a $50 million loss from the…
The Reserve Bank of India (RBI) governor Sanjay Malhotra addressed the media after the end of the monetary policy committee (MPC) meeting on Wednesday, discussing key issues such as inflation, growth, tariff, and credit growth. The six-member MPC voted unanimously to keep the repo rate unchanged at 5.5% and maintain the policy stance at ‘neutral’,…
As streaming companies like Apple back theatrical hits in the West and platforms including Prime Video attempt to bring the model to India, experts said the strategy could give them an additional source of revenue. Rather than pay hefty acquisition fees only to stream films, they could also experiment with turning out films by partnering…