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Logistics industry is expecting steps that will further improve ease of doing business in the country, incentives and benefits for green initiatives in the sector, among others, in the Union Budget for 2024-25, which is set to be presented by the Finance Minister Nirmala Sitharaman in the Parliament next week. «There is significant scope to improve the ease of doing business by streamlining regulations and adopting digital processes. Simplifying and ensuring consistency in GST administration, greater clarity and standardisation in interpretation of customs procedures, and TDS regulations are crucial steps in this direction,» said R S Subramanian, Senior Vice President & Managing Director, DHL Express India. «I am optimistic that the Budget will prioritise infrastructure and logistics as critical levers of growth, consistent with the interim Budget,» said Rizwan Soomar, Chief Executive Officer and Managing Director, DP World North Africa and India Subcontinent.

JSW Infrastructure on Wednesday posted a net profit of Rs 295 crore for the fiscal's first quarter, down by 8.5%, dragged by higher expenses. Its revenue from operations for the April-June quarter rose to Rs 1,009.77 crore from Rs 878.10 crore in the year-ago period, it said in a BSE filing.

Rs 1,000 crore, including a greenshoe option of Rs 200 crore. A greenshoe option is a provision that allows a fund to raise more capital than originally targeted if investor interest exceeds initial expectation.

The number of Bitcoin wallet addresses holding BTC has been decreasing over the past month, according to data from onchain analytics firm Santiment.

IREDA on Wednesday said the company will invest Rs 290 crore in a 900 MW hydroelectric power project in Nepal. The Board of Directors of IREDA gave in-principle approval for the equity investment at a meeting on Tuesday, the company said in a statement.

data just published by the federal Treasury Board. On March 31, 2015, the last full fiscal year that the Harper Conservatives were in power, the civil service population was 257,034.

Piyush Goyal has called for enhancing collaborations among trusted partner countries for smooth supply of critical minerals, semiconductors, pharmaceuticals, and green energy, an official statement said on Wednesday. The minister proposed this collaboration during the G7 Trade Ministers' meeting at Reggio Calabria, Italy. He also highlighted the importance of analyzing global supply chains' robustness in times of crisis like pandemic, Ukraine-Russia conflict, and Red Sea crisis. Goyal said that efforts are on in various countries to build resilient supply chains under platforms like the G20 Generic Framework for Mapping GVCs (global value chains), the 14 Member IPEF (Indo-Pacific Economic Framework for Prosperity) association, Trilateral Supply Chain Resilience Initiative (SCRI), and India-EU TTC (trade and technology council).

Coal: The challenge in weaning away from coal for power generation (accounts for 75% generation, 50% carbon emission) lies in developing round-the-clock (RTC) alternate supplies at affordable prices. While solar tariffs are competitive, for the short to medium term, the complementing low-carbon capacities for RTC supplies are currently expensive (battery), or risk laden (hydel resources). The supply security in meeting the rising demand is equally important.

inflation. According to the latest notification, petrol prices have increased by 9.99 Pakistani rupees per liter, setting the new price at Rs 275.60 per liter. High-speed diesel prices have also risen significantly, with an increase of 6.18 Pakistani rupees per liter, bringing the new price to Rs 283.63 per liter. This rise in petroleum prices is expected to have a cascading effect on the cost of goods and services, further straining household budgets and impacting economic stability. In contrast, petrol and diesel in India are retailing at Rs 94.72 per liter and Rs 87.62 per liter respectively, based on Delhi rates. Currently, one Indian rupee is equivalent to 3.32 Pakistani rupees in currency market.

nutraceuticals to the drug regulatory authority from the oversight of the Food Safety and Standards Authority of India (FSSAI) has come under fire from pharma lobby groups and industry experts, who have raised apprehensions over the move and said the proposal should be kept in abeyance until it is discussed in detail. Nutraceuticals refers to food products with extra health benefits and includes supplements, functional foods and beverages. According to industry data, the segment is projected to grow to $18 billion in India by the end of 2025 from $4 billion in 2020. Experts said the regulations for nutraceuticals in the country are aligned with Codex Alimentarius, a global body functioning under the auspices of the World Health Organisation (WHO) to ensure safety of consumers.

plastic surgery trend grows, concerns over associated myths loom larger. Doctors at AIIMS Delhi have debunked several misconceptions about plastic surgery, emphasising that enhancing one's appearance through these procedures is neither as dangerous nor as painful as commonly believed. They highlighted advancements in anaesthetic techniques that have markedly reduced the discomfort typically associated with such surgeries. A major misconception is that plastic surgery involves a lot of pain. According to the doctors, facial surgeries are generally painless, although procedures like liposuction and abdominoplasty may cause more discomfort. However, advancements in anaesthetic drugs and pain management techniques have made these surgeries much less painful than perceived. Dr. Maneesh Singhal, professor and head of the plastic, reconstructive, and burns surgery department, told The Times of India that AIIMS Delhi sees a significant number of cosmetic surgeries, performing around 25-30 procedures every month. «These surgeries encompass a wide range of treatments, including scar correction, liposuction, gynecomastia, platelet-rich plasma therapy, and rhinoplasty. Most people opting for cosmetic surgery at AIIMS are in the 25-35 age bracket,» he said.

SMArtX Advisory Solutions, a turnkey asset management platform provider with a focus on managed accounts, has introduced a new tool aimed at enhancing tax efficiency for financial advisors.

Lupin announced on Monday that it has divested its US commercial women’s health specialty business to Evofem Biosciences, a US biopharmaceutical company focused exclusively on women’s health. Lupin’s US Commercial Women’s Health Specialty Business is primarily focused on commercializing Solosec (secnidazole) 2g oral granules. This FDA-approved single-dose antimicrobial agent provides a complete course of therapy for the treatment of bacterial vaginosis (BV) and trichomoniasis, two common sexual health infections. Under the terms of the deal, Lupin can receive a potential total consideration of up to USD 84 million based on future contingent milestones.

West Bengal Transport Department is set to introduce a uniform driving test module for driving licence applicants, aimed at enhancing the effectiveness of learning based on the prescribed syllabus, an official said on Monday. According to the official, the module will consist of a uniform computer-based question and answer test, which applicants will need to complete before taking the final driving test. Once approved, this module will be made available on the Transport Department's website. This decision was taken during a meeting chaired by Transport Secretary Saumitra Mohan, the official added.

India looks forward to being a prominent player in the global supply chain, Finance Minister Nirmala Sitharaman who will be presenting the Budget for record-seventh time, may have to look at introducing a host of measures to strengthen the manufacturing sector and an improvement in the delivery routes. “With the help of policies, India must increase its share in global manufacturing chains,” Finance Minister Sitharaman said recently, adding that India needs to have greater sophistication in product manufacturing, and the government needs to see how best this can be given policy support. «I also want to underline, much against the advice given by some economists who say India should no longer be looking at manufacturing or ramping up manufacturing, that the country must also increase, with the help of policies, its (manufacturing) share in the global value chains,» she said.

Swiggy on Monday said it will buy back employee stock ownership plans (Esops) worth $65 million across levels, in what would be its fifth such exercise. So far, the company has cumulatively enabled over Rs 1,000 crore of Esops liquidity over the five events, benefiting more than 3,200 employees.

RBI) recent analysis of employment data for the pandemic year 2020-21 has revealed significant increases in employment within agriculture and allied activities, construction, health, and social welfare. This report, which measures productivity across 27 sectors, has sparked debate due to the unexpected rise in employment during a year marked by severe economic downturns, resulting from COVID-19. According to RBI's report released last week, there was an 18.5 million increase in employment in agriculture and allied services, while the construction sector saw a 4.8 million rise. These figures align with the real gross value added (GVA) in agriculture, which grew by 4%, against an overall GVA contraction of 4.1%. On Saturday, Prime Minister Narendra Modi referred to the report, stating, «80 million new jobs were created during the last three-four years,» adding that this should silence those perpetuating false narratives about the lack of job creation.

IT sector undergoes significant transformations, India remains a pivotal hub for talent, adeptly navigating the tectonic shifts shaping the industry. In the June quarter alone, Tata Consultancy Services (TCS) added 5,452 employees, pushing its total headcount to 606,998. The company plans to hire approximately 40,000 freshers in the current financial year, continuing its robust recruitment drive. Milind Lakkad, TCS's CHRO, underscored India's enduring appeal for talent amidst diverse skill requirements and geopolitical challenges elsewhere. «India is the destination for talent, and that is not going to change in the near future,» Lakkad affirmed. He emphasized TCS's initiatives to bridge academia-industry gaps through extensive reskilling and upskilling programs, uniquely positioned at scale. «I am very confident about a positive way forward for Indian talent,» Lakkad added, optimistic about future achievements.

hybrid vehicles in Uttar Pradesh may not be able to immediately take advantage of benefits under a promotional scheme that was announced July 5. The state transport authority has informed manufacturers in a July 9 letter that the benefits under the state scheme would apply to vehicles certified under the central government’s flagship Faster Adoption and Manufacturing of Electric Vehicles (FAME II) incentive programme. ET has seen the letter. Senior industry executives said the state is considering linking incentives on hybrid and electric vehicles (EVs) to guidelines outlined in FAME II. Some car makers had raised objections to the incentives for hybrids announced by Uttar Pradesh as they feel any state policies not aligned with those of the Centre will be ad hoc and create confusion. “The state transport authority is unlikely to give a blanket exemption and is considering specifying a price cap incentivising only certain categories of strong hybrids,” a person aware of the discussions told ET. “The eligibility criteria for these vehicles and the guidelines for implementation are likely to be linked to FAME II.”

NCLT) has dismissed the resolution plan submitted for realty developer Rajesh Lifespaces' hotel business, Rajesh Business & Leisure Hotels, citing non-conformity with statutory requirements and procedural irregularities. The corporate insolvency resolution process (CIRP) of Rajesh Business & Leisure Hotels, managed by the resolution professional (RP), had witnessed competing proposals from consortiums led by Sankalp Consortium and Rare ARC-Shree Naman Developers. Initially, the resolution plan offered by Rare ARC and Shree Naman Developers was chosen by the committee of creditors (CoC) but has now been dismissed due to procedural lapses and non-compliance with statutory norms.

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