Business

The US tariffs on India aim to increase pressure on Moscow regarding the Ukraine conflict. (AI image) Even as the Donald Trump administration wants India to stop purchasing Russian crude, Indian state-owned refiners are looking to fully revive their purchases of Russia oil. During the four weeks to August 31, India’s seaborne crude imports from…

NEW DELHI: India’s comparatively low healthcare costs and expanding insurance coverage are driving a surge in medical tourism among non-resident Indians (NRIs), according to a new report based on Policybazaar’s NRI claims data from the past three years, cited by Economic Times.Cost advantages Medical procedures in India remain far cheaper than in many global markets….

The government has allowed manufacturers, packers and importers of packaged goods to print revised MRPs on unsold stock under the new GST rules. They have further been allowed to exhaust existing packaging material and wrappers until December. The decision comes amid repeated appeals by consumer goods companies, which had urged the government to allow clearance…

IndiGo on Tuesday announced the launch of direct flights connecting Kolkata and Purnea in Bihar, with operations beginning on September 15. The airline will operate thrice-weekly flights on the route, making Purnea its 94th domestic and 137th overall destination. The flights, to be operated with ATR aircraft, will mark the inauguration of the Purnea airport….

Indian employers are set to ease hiring in the October–December quarter even as recruitment sentiment shows marked improvement from a year ago, according to the latest ManpowerGroup Employment Outlook Survey. The net employment outlook, quoted by Economic Times, for Q4 stands at 40 per cent, down seven points from the current quarter but 18 points…

By Anshul Aggarwal and Kunal KohliOptically, the 56th GST Council Meeting is nothing less than a full-fledged Budget announcement from a GST perspective. Convened at a time when global indicators point to a broader economic slowdown — alongside rising trade pressures— the Finance Minister’s address to India’s 140 billion economy reaffirms the strength and credibility…

Industry experts caution that the passage of this Bill could lead to further spending reductions by US clients. The Donald Trump administration’s potential move to impose a tax on jobs outsourced outside the US have sent jitters in the Indian IT sector. The potential introduction of legislation by a Republican senator to impose taxes on…

MUMBAI: FMCG companies are on their toes, putting in place strategies so that benefits of the GST cuts can be passed on to consumers from Day 1 (Sept 22) even as they await clarity from govt on labelling and packaging issues. Firms are fast shifting their production to new MRPs and streamlining dispatches, which essentially…

NEW DELHI: LG Electronics India is looking to list on Indian bourses by middle of next month, with the company (the domestic arm of Korean global major LG Inc) understood to have re-valued its operations at around 20% lower to the peak of Rs 1 lakh crore that it had assessed earlier, banking sources have…

DELHI/MUMBAI: The GST cut that makes cars cheaper and is expected to be a fillip for the auto industry in the second half of the year has caused a lull in sales in August as customers wait for the discounts to show up. Auto retail sales rose by just 3% in Aug to 19.6 lakh…