File photo (Picture credit: AP) Asian markets opened the week on a firm note on Monday, with Tokyo leading gains after Japan’s Prime Minister Shigeru Ishiba announced his resignation, sending the yen lower and boosting exporters. At the same time, oil prices edged higher as Opec+ signalled a slower pace of output increases.Tokyo’s Nikkei index […]
Britannia eyes 50% share in rural markets
BENGALURU: Britannia expects half of its domestic sales to come from rural markets in the next 3 to 4 years, as it is expanding its distribution network to increase its presence in those regions with aspirational buying preferences, said its VC and MD Varun Berry.The rural market is “very important” for Britannia, where the maker […]
Dalal Street calling for co-working space cos
MUMBAI: Amid a growing local IPO market which has allowed space to startups with investors betting on India’s tech companies, a new segment is quietly finding its feet in the primary markets-co-working spaces. After Awfis, the first from the sector made a strong debut on the bourses last year, Smartworks and IndiQube Spaces followed. And […]
Flight go-arounds, returns to bay ‘entirely normal’: Air India chief
NEW DELHI: Air India chief Campbell Wilson has told employees that there is nothing alarming about the go-around and flights returning to the bay in context of the carrier’s “scale and size” and said that the “the incidence rate is entirely normal”.“Over the past few months, our operations have garnered significant attention… Like all airlines, […]
Crisil: India Inc revenue to grow 7% this fiscal
NEW DELHI: India Inc revenue will likely grow 6-7 % this fiscal because of the reduction in GST rates, as per Crisil Intelligence’s latest report.However, the anti-profiteering rule in the GST system may prevent companies from seeing a major increase in profit margins, the report added. The rating agency stated that the reductions in the […]
Government keeping ‘good watch’ on rupee movement: Sitharaman
NEW DELHI: Finance minister Nirmala Sitharaman has said that the government is keeping a ‘good watch’ on exchange rates, stressing that besides rupee several other currencies have depreciated against the US dollar.“The rupee slide is largely against the dollar, not against any other currencies. That’s also because of the way globally, the dollar has strengthened,” […]
‘India has potential for small e-cars’
MUNICH: German automotive group Volkswagen is looking at India as a potential market for its affordable small electric cars and is working with partners on how to best introduce them in the market, its CEO Oliver Blume said on Sunday. “India is a fantastic market, now the third biggest in the world. We see potential […]
GST overhaul: E-commerce majors work towards quick update
MUMBAI: E-commerce majors Amazon and Flipkart have begun updating their internal systems to ensure that scores of sellers registered with their platforms are able to pass on the benefits from GST rate reductions to their customers from Sept 22, the day the new tax slabs take effect. “To ensure seamless compliance, we are proactively updating […]
Zomato, Swiggy deliveries to cost you more! GST levy, platform fee hike to make meals costlier; check details
GST levy and hike in platform fees is set to make food delivery more expensive in the coming days. Zomato, Swiggy and magicpin have recently raised their platform fees, just ahead of the festive season.Add to that: the cost of ordering food online is likely to rise further after the 18% GST on delivery charges, […]
Festive shopping 2025: Online spends to surge 115%; gourmet foods, groceries, fashion to lead buying
Urban households in India are set to embrace e-commerce like never before this festive season, with a new LocalCircles report predicting a sharp rise in online shopping. The findings suggest that recent GST rate changes have helped boost consumer confidence just ahead of the spending rush.The study, ‘How Urban Indian Households Will Spend During Festive […]