Business

[ad_1] China’s economy lost further steam in August, with factory output and retail sales both underperforming expectations, raising pressure on Beijing to roll out fresh stimulus as weak consumption and a property slump weigh on growth.According to data from the National Bureau of Statistics (NBS), industrial output rose 5.2 per cent year-on-year in August, slowing…

[ad_1] NEW DELHI: Inflation has largely remained benign across states and overall, but Kerala continues to top the charts with the highest retail inflation rate in Aug. Rising gold and coconut oil prices are seen to be the reason behind the spurt. Latest data from the National Statistics Office (NSO) showed Kerala had the highest…

[ad_1] Kolkata: Tega Industries will raise Rs 3,300 crore to fund its acquisition of US-based mining equipment-maker Molycop, in consortium with NYSE-listed Apollo which manages funds worth over $840 billion.The board of the Kolkata-based maker of mining and mineral-processing gears approved raising Rs 4,000 crore on Saturday. The total cost of the acquisition will be…

[ad_1] NEW DELHI: Govt has reopened the application window for the PLI scheme for white goods (ACs and LED lights) for 30 days, a statement released on Sunday said. The window will remain open from Sept 15 to Oct 14.“The application window is being reopened based on the appetite of the industry to invest more…

[ad_1] New Delhi: Nayara Energy – part-owned by Russian oil giant Rosneft PJSC and blacklisted by the European Union in July – is facing difficulties in securing non-Russian crude supplies for a second month in a row as western shipping companies refused to ferry oil for it, ship tracking data showed. agencies [ad_2] Source link

[ad_1] New Delhi: The Confederation of Indian Industry on Sunday suggested a framework for a National Global Capability Centres Policy, that can position the country as the global HQ for innovation-driven GCCs, generate 20-25 million jobs and contribute up to $600 billion in economic impact. [ad_2] Source link

[ad_1] The government had extended the income tax return (ITR) filing deadline for the financial year 2024-25 (assessment year 2025-26) to September 15 from July 31, giving taxpayers additional time.This relief applies to taxpayers who are not required to get their accounts audited, such as salaried individuals and pensioners, ET reported.Document verification plays a crucial…

[ad_1] State-owned AI Engineering Services Ltd (AIESL) is exploring strategic partnerships to gain direct access to proprietary aircraft manuals and technical literature required for high-end component maintenance, repair and overhaul (MRO) activities, officials said.AIESL, which was carved out of Air India after the government sold the airline to the Tata Group in January 2022, has…

[ad_1] State-owned power major NTPC is planning to set up nuclear projects both through joint ventures and on a standalone basis, Chairman and Managing Director Gurdeep Singh has said.In a company document, Singh said NTPC is collaborating with nuclear technology providers as well as state governments to explore projects independently. “We are collaborating with various…