Life insurers earn more in Oct selling lesser policies

The 24-company Indian life insurance industry closed last month with new business of Rs 22,776.03 crore, up by 31.87 per cent over the previous year corresponding period.

India and Russia Looking to Triple Bilateral Trade to US$30 Billion by 2025

India and Russia want to boost their bilateral trade, which is why an India-EAEU FTA has become a priority project for both countries.

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Planning Your 2021 Budget: Opportunities in India

Multinational firms planning their 2021 investment budgets should consider India with its potential for long-term growth.

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Telangana woos S Korean companies with exclusive industrial park

Telangana's Industry and Information Technology Minister K. T. Rama Rao on Wednesday invited South Korean companies to invest in the state, assuring them all assistance.

India Extends Manufacturing Incentive Scheme for 10 Sectors

India extends production-linked incentives for 10 flagship sectors, including automotive, food processing, and telecom to boost manufacturing investments and exports.

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Godrej Group enters financial services with Godrej Housing Finance

Godrej Group on Tuesday announced its entry into the financial services industry with the launch of Godrej Housing Finance (GHF).

Why US Businesses Should Consider Investing in India

India serves as an attractive trade and investment partner to the US, but there remain several untapped areas of growth.

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India’s Consolidated FDI Policy, 2020: Key Aspects

India’s Consolidated FDI Policy, 2020 came into effect October 15, 2020 and formally includes all the changes introduced since the last policy was rolled out in 2017.

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Filing Form 3CEB: What You Need to Know

During the audit process, Form 3CEB is applicable for companies that have engaged in international and specified domestic transactions with any associated enterprises during a financial year.

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Tax Audit Report for AY 2020-21 in India: Some Considerations

The tax audit report for AY 2020-21 in India is due October 31, 2020; we discuss some recent tax concessions that should be reflected in audit reports.

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Tax Ruling Says Dividend Tax in India to be Based on Beneficial Treaty Rate

A Delhi appellate tribunal has held that even non-resident shareholders, such as foreign investors, can access the beneficial tax rate on dividend income.

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Delhi to Deregulate its Restaurant Industry, Establishments to Stay Open 24×7

Delhi’s state government has promised to end its license permit raj for restaurants in the capital and abolish unnecessary charges and compliance requirements.

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Retailers industry forum working to enhance consumer trust

The National Industry Forum for Retail (NIFR) is working towards improving operational efficiency of retail players along with enhancing consumer trust and meeting their demands, said a statement by GS1 India.

Pandemic-hit fashion retailers to see revenue dip 35-42%: ICRA

The coronavirus outbreak has adversely impacted the credit profile of the Indian retail industry as consumers deferred their discretionary spends, amid the shutdown of malls across the country as well as closure of non-essential stores across most states in the country.

Indian Railways Improves Freight Tracking via Newly Developed Portal

The Indian Railways is making it easier to track freight consignment, access information on various discounts and schemes via its new portal.

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Growth in data tariffs, broadband reach show move towards higher ARPU

Data tariffs and the number of broadband subscribers continue to move northwards, showing that the Indian telecom industry is on its way towards a higher ARPU (average revenue per user) regime, according to a report by India Ratings and Research (Ind-Ra).

Gregg Albert Saretsky appointed non-executive director on IndiGo Board

Airline major IndiGo on Friday said aviation industry veteran Gregg Albert Saretsky has been appointed to the company's Board of Directors.

India’s New Labor Codes: A Brief Note for Foreign Investors

Businesses will find that the new codes will make it easier for them to manage labor compliance and implement flexible staffing practices.

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Online grocery to become $18bn industry in India by 2024: Report

As companies from Reliance to Amazon put their top dollar in serving daily grocery at your doorstep, a new report said on Friday that online grocery is going to be the next battleground for growth, expanding to over $18 billion by 2024.

India’s Taxpayers, FPI, Offshore Investors Promised Relief: Parliament Passes New Bill

The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020 extends compliance deadlines and promises tax relief to key groups.

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Corporate India Cautiously Optimistic in July-September Quarter: CII Business Outlook Survey

India Inc. expect the restart of business operations post lockdown to improve overall capacity utilization but profitability will suffer due to low demand.

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After IT, Telangana Wants to be India’s Electric Vehicles Hub

Telangana's new electric vehicle policy will mobilize greater investment into EV component manufacturing and developing energy storage solutions.

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45% imported smartphone components came from China in FY20

As the government pushes for self reliance in the mobile phone and electronics industry with the clarion call for 'Atmanirbhar Bharat', data shows that over 45 per cent imports of smartphone components in the last financial year (FY 2019-20) came from China.

Manufacturing Toys in India: Recent Developments to Support Domestic Capacity

Several policies rolled out this year support the capacity for manufacturing toys in India, including import hikes, QC checks, and setting up SEZs and hubs.

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Tamil Nadu Announces Electronics Manufacturing Policy: What are the Incentives?

Through incentives rolled out in its latest manufacturing policy, Tamil Nadu wants to raise production output to US$100 billion by 2025.

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India’s Electric Vehicles Market: Delhi EV Policy Offers Subsidies, Other Incentives

The Delhi Electric Vehicles Policy, 2020 will be valid for a period of three years and offers a range of incentives to promote widespread adoption and facilitate demand.

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Air India not to go ahead with recruitment exercise of trainee pilots

Air India has decided not to go ahead with the recruitment exercise of trainee pilots due to the bleak scenario in the aviation industry and the critical financial condition of the company.

Tile players' turnover likely to decline 15-25% in FY21: ICRA

The Covid-19 pandemic has exacerbated weakness in the domestic tile demand, following the negative impact on its end-consumer industry, the real estate sector, ratings agency ICRA said on Monday.

Auto industry eagerly awaits GST reduction: Maruti Suzuki's MD & CEO

Pandemic Covid-19 battered auto industry awaits GST rate reduction and scrappage scheme announcement to tide over these testing times said Kenichi Ayukawa, MD & CEO, Maruti Suzuki India.

Medical Devices in India: Key Considerations for Foreign Investors, Importers

India is pushing for greater local production capacity and movement up the value chain in its medical device industry by improving incentives, regulation.

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'Auto component players to see revenue, margins go down in FY21'

Auto component manufacturers are expected to suffer about 15-18 per cent decline in their revenues in FY21 and an average of 100 basis points (bps) in their EBITDA due to sharp contraction in demand over what the industry experienced during FY20, said Brickwork Ratings in a report released on Thursday

SpiceJet enters medical device industry, launches ventilators

Further diversifying its business interests, airline major SpiceJet on Monday launched 'SpiceOxy' -- compact, portable, non-invasive ventilation device, which is an effective solution for patients with mild to moderate breathing issues.

India, ASEAN Agree to Review FTA Scope, Address Uneven Market Access

India is keen to review its FTA with ASEAN to ensure fair and reciprocal market access and address concerns over misuse of the application of rules of origin.

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Navigating Different Types of Due Diligence in India

Financial, legal, tax, and HR due diligence will enable foreign companies evaluate every aspect of their potential business undertaking in India.

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Tax Scrutiny in India to Go ‘Faceless’: What Does it Mean?

Tax scrutiny is set to change in India as the assessment process will no longer be jurisdiction based in most cases.

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Liquor industry concerned over Bengal's proposed excise policy

Raising a red flag against the West Bengal government's proposed steep hike in liquor prices, the associations of the Indian alcoholic beverage makers have urged Chief Minister Mamata Banerjee not to go ahead with the proposed excise policy which would "kill the industry, leave thousands of people jobless and hurt government's tax collections".

India’s Healthcare Investment Outlook: A Brief Profile

We briefly profile the key segments open to foreign investors in India's healthcare industry, including hospitals and medical tourism, diagnostics, and health insurance.

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Industrial Licensing in India: Norms and Policy

In India, industrial licensing norms are mandatory for only selected industries.

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How Will India’s Revised FDI Policy Impact Future Chinese Investment?

We explain how India’s FDI policy change will impact the approval route for investments from China.

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Govt may partner industry bodies for GeM expansion

The government is looking at partnering with industry bodies for getting wider participation on its public procurement platform called GeM or government e-marketplace.

India Offers New Industrial Investment Opportunities in Andhra Pradesh

The south Indian state of Andhra Pradesh recently unveiled its new industrial development policy – promising key tax breaks, setup incentives, and subsidies.

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Domestic passenger vehicles' sale eases in July

The sales contraction in the domestic passenger vehicles segment eased in July compared with earlier month, industry data showed on Tuesday.

New India-led insurers not to be majorly hit by Kozhikode crash

The public sector New India Assurance Company Ltd-led consortium which insured the Air India's fleet of about 170 aircrafts, including the ill-fated Air India Express plane that crashed at Kozhikode, may not be hit hard by the claims owing to reinsurance cover, said industry experts.

India’s Schemes to Ease Compliance Burden on Companies due to COVID-19

The Companies Fresh Start Scheme 2020 and revised LLP Settlement Scheme 2020 will facilitate entities to complete their filing requirements by September 30, 2020.

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FICCI, OYO tie up for online hospitality course amid Covid

As the pandemic severely impacts the economy and the employment scenario, the Federation of Indian Chambers of Commerce & Industry (FICCI) and hospitality major OYO have come together to develop and design an online training and certification course specifically for the hospitality industry

What You Need to Know About Conducting Due Diligence in India: Q&A

Foreign companies looking to do business in India should perform a due diligence check to identify or prepare against any possible risk exposure.

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What are India’s Latest Guidelines on International Travel?

India continues to impose international travel restrictions due to COVID-19, with certain exceptions.

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Colour TV import restrictions should apply to future goods: ICEA

After the government targeted China with a new import restrictions on colour television, mobile and electronics industry body India Cellular and Electronics Association (ICEA) on Friday demanded that these import restrictions should only apply for future imports after the clearance of goods in transits.

Steel industry will see shift in market share: JSW Steel

JSW Steel sees an opportunity as a market share shift takes place in the steel industry with the MSME and secondary producers not being able to ramp up in these challenging times.

Domestic CV industry volumes may contract by 25-28% in FY21: ICRA

The domestic commercial vehicle industry volumes are expected to contract further by 25-28 per cent in FY2021, rating agency ICRA said on Thursday.