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Panaji: Goa’s rental and taxi operators are likely to see a 7.8% reduction in on-road vehicle costs for new vehicles following the recent rationalisation of GST rates, significantly improving the profitability of local auto, taxi, and bike-rental businesses.However, existing rental vehicle dealers said customers are unlikely to benefit from this change as operational costs continue…
BMW Group India has achieved its best-ever performance between January and September. The luxury carmaker reported sales of 11,978 cars during the first nine months of the year, registering a strong 13% rise compared to the same period last year. BMW accounted for 11,510 of these units, while MINI contributed 468 cars. The company also…
Traders in Delhi are set for a brighter Diwali as the city government, led by Chief Minister Rekha Gupta, has disbursed Rs 694 crore in GST refunds pending since 2019, out of a total due of Rs 1,600 crore, PTI reported.The refund process has accelerated in recent months, with a record Rs 227 crore paid…
After the removal of GST on insurance from 22 September, all insurance companies passed on the benefits to policyholders. (AI image) Insurance buyers may be feeling happy after the removal of GST, but agents and distributors are feeling the pinch. Insurance companies have reduced the commissions payable to distributors of insurance products to offset the…
Small businesses across the country are seeing a welcome boost in sales, thanks to recent GST cuts and the upcoming festive season.Industry bodies said that sectors like toys, textiles, footwear, and auto accessories have reported stronger demand.The ministry of micro, small and medium enterprises (MSMEs) is keeping a close watch and is expected to conduct…
MUMBAI: FMCG companies have flagged slowdown in sales and impact on profitability in the Sept quarter as markets prepared for the new GST regime, leading to temporary disruptions in supply chain.Distributors and retailers stopped taking new orders to avoid stocking up shelves with products carrying old price tags while consumers deferred purchases to avail the…
NEW DELHI: Auto retails surged by a strong 34% to a record 11.6 lakh units in the auspicious Navratri period as GST cuts – that came into effect from September 22 – as well as start of the festive season in north boosted demand. The same was 8.6 lakh units in the nine-day Navratri period…
Passenger vehicle retail sales jumped 35 per cent year-on-year during this year’s nine-day Navratri period, according to the Federation of Automobile Dealers Associations (FADA). Overall vehicle registrations grew 6 per cent in September, as sales remained muted in the first three weeks before picking up following the implementation of new GST rates on September 22.Passenger…
NEW DELHI: On the back of a fillip provided by a reduction in GST on 375 items, Indian consumers flocked to stores and car dealerships resulting in the highest Navratri sales in over a decade, govt officials said, citing industry data.They argued that the move lowered prices, helping families upgrade vehicles, buy white goods and…
India’s economy is showing strong signs of growth, with opportunities for investment and development expanding across the country, 15th Finance Commission chairman NK Singh said on Friday.He noted that India’s saturated domestic market presents vast opportunities for private investment, public-private partnerships, foreign private capital, and mobilising internal resources.Speaking at the 4th ‘Kautilya Economic Conclave 2025’…
