The launch of GST has left most businesses in a tight spot. Here are 10 advantages of GST that will uplift your impressions about the biggest tax reform of India since its Independence. Price Reductions It is advantageous for companies as people will purchase more regularly due to price reductions. One Time Transaction […]
Cold press juice brand Raw Pressery is looking at raising USD 10 million in fresh funding over the next three months to fuel its expansion plans, a top company official has said. “Over the next three months, we should be closing another round of funding. We are planning to raise around USD 10 million,” Raw […]
The government today clarified that US-based electric car major Tesla will not have to source local components if it plans to set up a manufacturing unit in India. The government responded to apprehensions expressed by Tesla founder Elon Musk that the company would have to source a certain percentage of local components to set up […]
The Indian Government would shortly launch an exclusive scheme for women entrepreneurs, a senior official in the Ministry of Micro, Small and Medium Enterprises (MSME) said today. “It will be an exclusive scheme for women entrepreneurs. We have not yet finalised the contours (of the scheme). Hopefully, we will launch it before the end of […]
Chinese telecom equipment maker ZTE, which is facing US trade sanctions that could severely disrupt its supply chain, is slashing about 3,000 jobs, including a fifth of positions in its struggling handset business in China, company sources said. The sources said the Shenzhen-based company, one of the world’s biggest telecoms gear makers, is axing about […]
Social networking giant Facebook has come forward to help handicraft artisans of Jodhpur, which has a global imprint on handicraft manufacturing and exports. A business promotion team from Facebook will be in the city next week to hold seminars and one-to-one meetings with the artisans and train them to harness the social media platform for […]
The US India Business Council has termed the passage of GST bill by the Indian Parliament as a “game-changer”, saying it is a significant milestone in efforts to improve the countrys ranking in World Banks ease of doing business index. The council congratulates Indian Government and members of Parliament for approving the Constitution (122nd Amendment) […]
Fresca Juices is looking to raise Rs 100 crore by the end of this calendar year as it steps on the pedal to expand operations and increase turnover by threefold to Rs 300 crore in two years. “We are looking at raising Rs 100 crore by end of this year to fund expansion. A lot […]
Home decor and furnishing company DDecor has invested Rs 25 crore in digital integration of its business and retail operations, and expects to increase its market share by 10 per cent in the next five years, a senior company executive said. “We have unveiled a digital product for sellers that will cover 1,000 sales points […]
The United Kingdom, Europe and the world woke up to a new reality. With the majority of the population voting to leave the European Union, Britain has started its road to separation. With sterling plummeting to its lowest level in 31 years and the stock market falling sharply this morning, what lies ahead? What will be […]
Chinese merchants will soon be able to sell their goods in 185 countries and regions through e-commerce giant Amazon’s online marketplace, state media reported today. Amazon signed a deal with a cross-border e-commerce pilot zone in Hangzhou, east China’s Zhejiang Province, to let traders use its site to sell to its 285-million active paying customers […]
India can save up to USD 50 billion if logistics costs are brought down from 14 percent to nine percent of country’s gross domestic product (GDP) thereby making domestic goods more competitive in global markets, an ASSOCHAM-Resurgent India joint study said today. “With expected inflow of new investments owing to government’s thrust on promoting domestic […]