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MUMBAI: RBI’s plans to add nearly Rs 1.5 lakh crore to money markets will provide temporary relief but that may not be enough, analysts say. Further action could be required in the fourth quarter of the current fiscal, they said. If the rupee remains under pressure, RBI may need to use its reserves to limit…
Telangana industries & IT minister Sridhar Babu (L) and CM A Revanth Reddy (C) with Patrik Jonsson, executive VP and president of Lilly International, Eli Lilly and Co in Hyderabad HYDERABAD: In what is one of the biggest investments in the pharma sector in India in recent years, American giant Eli Lilly and Company is…
Eli Lilly to inject $1 billion in new contract manufacturing facilities in India; to set up new manufacturing & quality hub in Hyderabad HYDERABAD: Eli Lilly and Company will be investing over $1 billion over the next few years in setting up new contract manufacturing facilities in India and will also set up a new…
Nirmala Sithraman (File photo) NEW DELHI: The next generation GST reforms will leave more disposable income with the people, boost consumption and help inject nearly Rs 2 lakh crore in the economy, finance minister Nirmala Sitharaman said on Wednesday.Addressing a GST outreach programme in Visakhapatnam, Sitharaman said after the GST tax rate rationalisation, 99 per…
During the Outreach and Interaction Program on Next Gen GST Reforms, FM Sitharaman highlighted that post-tax reforms. (PTI photo) GST rate cuts impact: Finance Minister Nirmala Sitharaman on Wednesday said that GST rate cuts announced by the Modi government, effective September 22, will inject Rs 2 lakh crore into the economy.“With this new gen tax…
