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India’s pharmaceutical market grew 8.1% in August as compared with the same month last year, according to data from IQVIA quoted in an HDFC Securities report. The growth follows a 7.1% rise in July and is close to the 8% pace seen through FY25. However, unit sales in August slipped 0.8%.The steady performance was led…
NEW DELHI: Union railway minister Ashwini Vaishnaw on Saturday announced a major milestone in India’s first bullet train project, the Mumbai-Ahmedabad high-speed rail corridor. He said that out of the 508 km stretch, 320 km of viaduct has already been completed.According to Vaishnaw, the first section of the bullet train, the 50 km Surat-Billimora stretch…
Maharashtra has emerged as the leading hub of wealth creation in India, with 1,78,600 millionaire households, marking a 194 per cent increase since 2021, according to the Mercedes-Benz Hurun India Wealth Report 2025. The state’s growth is strongly supported by a 55 per cent surge in its Gross State Domestic Product (GSDP) since 2020-21, with…
NEW DELHI: Union railway minister Ashwini Vaishnaw on Saturday announced a key milestone in India’s first bullet train project. He said that 320 km of the 508 km Mumbai-Ahmedabad High-Speed Rail (MAHSR) corridor viaduct has been completed.The minister also confirmed that the advanced E10 Shinkansen will operate on the corridor, with the first section set…
H-B visa fee hike: This decision could notably affect Indian IT professionals and workers in the United States. H-B visa fee hiked! The Donald Trump administration sent shockwaves across the technology sector – particularly Indian IT, by substantially hiking the fee for H-1B visas. The revised regulations mandate organisations recruiting foreign professionals on H-1B visas…
Consumers are beginning to see cheaper daily essentials on store shelves as companies move early to pass on the benefits of reduced Goods and Services Tax (GST) rates, which come into force from Monday. According to ET, firms are dispatching products with revised price tags and absorbing the tax gap themselves to avoid a last-minute…
Container freight rates are expected to remain subdued for the rest of FY26 as uncertainty in global trade continues, driven by US President Donald Trump’s unpredictable tariff policies, industry experts said. According to ET, exporters rushed shipments to the US ahead of the August 27 deadline for a steep 50% tariff on Indian goods, targeting…
ITR filing FY 2024-25: The tax authorities have identified many instances of false exemption claims submitted by taxpayers. (AI image) ITR filing FY 2024-25: The Income Tax Department is cracking down on false tax exemptions being claimed by people in their Income Tax Returns. Most of these exemptions, under the old income tax regime, are…
Japanese and Taiwanese electronics and semiconductor companies are exploring the development of country-specific housing corridors in Dholera, Gujarat, to accommodate expat employees working on India’s first chip fabrication unit.Tokyo Electron Ltd (TEL) from Japan and Taiwan’s PSMC, both partners in the Tata Group’s upcoming Dholera fab, are reportedly considering private housing facilities for their staff….
Public sector banks (PSBs) have registered their strongest advance growth since 2010, surpassing private lenders for the first time in over a decade. According to a Systematix Group report cited by news agency ANI, PSBs reported 12.2% year-on-year growth in advances in FY25, compared to 9.5% by private sector banks (PVBs).The report noted that PSBs…
