Thursday, 9 April 2020

COVID-19 Lockdown in India: Best Practices for Essential Services Workers


As essential services continue to operate during the COVID-19 lockdown in India, here is a list of best practices for organizations to ensure the well-being of employees.

The post COVID-19 Lockdown in India: Best Practices for Essential Services Workers appeared first on India Briefing News.

Wednesday, 8 April 2020

'RIL may gain market share in oil & gas industry post Covid-19'


Reliance Industries Lts (RIL) is likely to gain market share in the energy segment after the coronavirus crisis is over, according to a report by Morgan Stanley.

OYO announces furlough in select global markets; India safe


As the travel and hospitality industry goes through a near-standstill scenario amid the coronavirus crisis, hospitality major OYO on Wednesday announced furloughs or temporary leaves of 60-90 days for its employees in the US and select other markets, while keeping its staff in India untouched from the move

Why Businesses in India are Building Local Supply Chain Capacity


Businesses in India need to build local supply chain capacity to de-risk from China, lower manufacturing costs, and escape high import duties.

The post Why Businesses in India are Building Local Supply Chain Capacity appeared first on India Briefing News.

Tuesday, 7 April 2020

GTech lends support to COVID-19 relief activities in Kerala


The Group of Technology Companies (GTech), the industry body of Information Technology (IT) companies in Kerala, on Tuesday lent a helping hand to the COVID-19 relief activities in the state.

India’s Special Economic Zones: A Primer


India’s SEZs offer tax incentives to their resident businesses. In this article, we highlight key information relevant for companies setting up in an Indian SEZ or developing an SEZ.

The post India’s Special Economic Zones: A Primer appeared first on India Briefing News.

Post COVID-19: Export Manufacturing Opportunities for Foreign Firms in India’s Special Economic Zones


Chris Devonshire-Ellis discusses manufacturing opportunities for foreign firms in India after the COVID-19 pandemic ends.

The post Post COVID-19: Export Manufacturing Opportunities for Foreign Firms in India’s Special Economic Zones appeared first on India Briefing News.

Thursday, 2 April 2020

Air passenger growth to contract 20-25% in FY21: Report


Passenger growth in the Indian aviation industry is likely to contract 20-25 per cent in financial year 2020-21, according to a CARE Ratings report

Monday, 30 March 2020

Relief for Companies in India as Lockdown Period Excluded from Insolvency Process Timeline


India amended its insolvency law to ensure that the corporate insolvency resolution process is not affected by the lockdown period due to COVID-19.

The post Relief for Companies in India as Lockdown Period Excluded from Insolvency Process Timeline appeared first on India Briefing News.

Steel industry faces inventory build, liquidity issues


The performance of domestic steel makers is likely to be adversely impacted in Q1 FY2021 as a result of Covid-19 pandemic and the 21-day nationwide lockdown.

Saturday, 28 March 2020

COVID-19 pandemic severely affects logistics industry


The coronavirus pandemic has severely impacted the logistics sector, both in India and globally, as marketplayers say that global capacity has gone down 70 per cent and freight rates have shot up by 6-8 per cent.

Set up task force to coordinate with industry: USIBC


The Centre should set up a task force to coordinate with the industry groups regarding resources, essential goods and services and technical capabilities that they can provide for responding to COVID-19, a US-India Business Council (USIBC) has recommended.

Friday, 27 March 2020

COVID-19 Lockdown in India: Top Tech Solutions for Businesses Working Remotely


We spotlight the available IT solutions for businesses in India seeking to manage their shift to remote operations during the COVID-19 outbreak.

The post COVID-19 Lockdown in India: Top Tech Solutions for Businesses Working Remotely appeared first on India Briefing News.

Thursday, 26 March 2020

COVID-19 in Indien: Finanzministerium kündigt befristete Erleichterung an, verlängert die Fristen für Steuern und Einhaltung der Vorschriften


Das indische Finanzministerium hat die Einhaltung einiger finanzieller und regulatorischer Vorschriften für Einzelpersonen und Unternehmen gelockert, da COVID-19 zu wirtschaftlicher Unsicherheit geführt hat.   Die Erleichterungen umfassen eine Verlängerung der Fristen für die Einhaltung der Vorschriften, wie z.B. Einkommenssteuererklärungen und GST-Erklärungen.  Der Zoll wurde bis zum 30. Juni 2020 als „wesentlicher Dienst“ bezeichnet.  Es wird erwartet, dass bald[.....]

The post COVID-19 in Indien: Finanzministerium kündigt befristete Erleichterung an, verlängert die Fristen für Steuern und Einhaltung der Vorschriften appeared first on India Briefing News.

Monday, 23 March 2020

India’s Electronics Manufacturing to Benefit from 3 Schemes Worth US$6 Billion


India’s electronics manufacturing sector will benefit from schemes worth US$6 billion targeting foreign investors seeking an alternative base in Asia.

The post India’s Electronics Manufacturing to Benefit from 3 Schemes Worth US$6 Billion appeared first on India Briefing News.

Corporate Social Responsibility in India


India is the first country in the world to make corporate social responsibility (CSR) mandatory, following an amendment to The Company Act, 2013 in April 2014. Businesses spend over a billion dollars of their profits in areas such as education, poverty, gender equality, and hunger programs.

The post Corporate Social Responsibility in India appeared first on India Briefing News.

Friday, 20 March 2020

COVID-19 in India: 5 Best Practices for Businesses Implementing Work-From-Home


In this article we spotlight best practices for businesses in India that have staff telecommuting or working-from-home amid the COVID-19 (coronavirus) outbreak.

The post COVID-19 in India: 5 Best Practices for Businesses Implementing Work-From-Home appeared first on India Briefing News.

Thursday, 19 March 2020

Declare API strategic sector to boost local production: CII


The Confederation of Indian Industry (CII) has urged the government to declare active pharmaceutical ingredients (APIs) a strategic sector and allow firms with lower capacity utilisation to take up their manufacturing to lower import dependence on China for it.

India Considers Easing Tax Rules, Loan Repayment Amid COVID-19


India is considering tax breaks and easier loan repayment options for SMEs amid the coronavirus (COVID-19) outbreak.

The post India Considers Easing Tax Rules, Loan Repayment Amid COVID-19 appeared first on India Briefing News.

Monday, 16 March 2020

Friday, 13 March 2020

The Expanding Role of Technology in India’s HR Industry


New technologies, including artificial intelligence and automation software, are transforming how the HR industry in India operates.

The post The Expanding Role of Technology in India’s HR Industry appeared first on India Briefing News.

Wednesday, 11 March 2020

Impact of China’s Disrupted Supply Chain on India amid COVID-19


We take a look at industries and sectors in India that have been impacted by the supply chain disruption in China due to COVID-19.

The post Impact of China’s Disrupted Supply Chain on India amid COVID-19 appeared first on India Briefing News.

Tuesday, 10 March 2020

FICCI-IBA Bankers' Survey released


The tenth round of the FICCI-IBA survey was carried out for the period July to December 2019. A total of 18 banks consisting of public sector, private sector and foreign banks participated in the survey. These banks together represent about 50% of the banking industry, as classified by asset size.

Monday, 9 March 2020

Procedures for US Businesses to Establish a Liaison Office in India 


Liaison office is a popular option for foreign businesses looking to enter the Indian market. Here we discuss how to set up a liaison office in India.

The post Procedures for US Businesses to Establish a Liaison Office in India  appeared first on India Briefing News.

Thursday, 5 March 2020

India Wants to Reduce Tax Litigation with New Direct Tax Bill


India’s lower house of parliament passed the direct tax bill, which aims to reduce tax litigation and settle ongoing tax disputes.

The post India Wants to Reduce Tax Litigation with New Direct Tax Bill appeared first on India Briefing News.

Wednesday, 4 March 2020

Sunday, 1 March 2020

Thursday, 27 February 2020

COAI writes to DoT for floor price on tariffs from April


Mobile operators association, COAI, has suggested steps to facilitate reduction of financial stress on the industry in wake of the AGR payments where it has sought floor price for telecom tariffs be introduced from April this year.

Wednesday, 26 February 2020

Indian retail market to reach $1 trillion by 2025: Report


The Indian retail market is estimated to cross $1 trillion-mark by 2025 and top five retailers could take on a bigger slice of the industry, reaching over 10 per cent market share each in the next decade, a new report said on Wednesday.

Trump Visit Concludes, Tentative US-India ‘Phase One’ Trade Deal Proposed


While US-India trade negotiations still continue, the two countries were able to sign key deals for defense and energy.

The post Trump Visit Concludes, Tentative US-India ‘Phase One’ Trade Deal Proposed appeared first on India Briefing News.

Sunday, 23 February 2020

Trump in New Delhi: What Goods and Services is India Buying from the US?


Chris Devonshire-Ellis explains how India represents an important and accessible market for American businesses to tap into, and spotlights key sectors.

The post Trump in New Delhi: What Goods and Services is India Buying from the US? appeared first on India Briefing News.

Friday, 21 February 2020

DoT launches '5G Hackathon' with Rs 2.5 cr prize money


In its endeavour to identify and promote applications relevant to India in the 5G realm, the Department of Telecommunications (DoT) has launched '5G Hackathon' in association with a number of government, academia and industry stakeholders.

Thursday, 20 February 2020

President Trump Set to Visit India, US-India Trade Deal in Limbo


Uncertainty looms around the US-India trade deal ahead of US President Donald Trump's scheduled visit to India on February 24 – 25.

The post President Trump Set to Visit India, US-India Trade Deal in Limbo appeared first on India Briefing News.

Wednesday, 19 February 2020

'More litigation likely in AGR, Vodafone Idea vulnerability highest'


There is likely to be further litigation due to AGR payment in the Indian telecom sector but Airtel will overcome the storm whereas Vodafone Idea vulnerability is highest in the given industry dynamics, analyst firm Credit Suisse said.

Statutory Audit for Companies in India: Frequently Asked Questions


All public and private companies and certain LLPs are required to undergo a statutory audit. In this article we answer some frequently asked questions.

The post Statutory Audit for Companies in India: Frequently Asked Questions appeared first on India Briefing News.

Friday, 14 February 2020

Tax Audit for Companies in India: Frequently Asked Questions


A tax audit is mandatory in India for individuals and companies – if their turnover or gross receipts exceeds a specified threshold.

The post Tax Audit for Companies in India: Frequently Asked Questions appeared first on India Briefing News.

Wednesday, 12 February 2020

Indian IT sector revenue up 7.7% to $191 billion: Nasscom


The resilient Indian information technology sector generated a whopping $191 billion in fiscal 2019-20, said the industry's apex body on Wednesday.

India’s Tax Authorities Demand GST on Non-Compete Fee, Issue Notices to Firms


Firms in India that have entered into non-complete agreements have to pay 18 percent GST on the non-compete fee.

The post India’s Tax Authorities Demand GST on Non-Compete Fee, Issue Notices to Firms appeared first on India Briefing News.

Monday, 10 February 2020

Establishing a Joint Venture in India


Foreign investors entering into joint venture agreements with Indian partners should understand India's regulatory and tax landscape as well as perform key due diligence checks before incorporation or agreeing to a partnership.

The post Establishing a Joint Venture in India appeared first on India Briefing News.

Coronavirus in China: Contingency Plans for Businesses in India Facing Production Challenges


This article will discuss the impact of coronavirus in China on businesses in India, and contingency plans for businesses facing production challenges.

The post Coronavirus in China: Contingency Plans for Businesses in India Facing Production Challenges appeared first on India Briefing News.

Saturday, 8 February 2020

Expect sales revival in 2nd half of FY21: Tata Motors CEO


With the Indian automobile industry going through an unprecedented slowdown and carmakers set to roll out BS-VI vehicle models, Tata Motors MD and CEO Guenter Karl Butschek is of the view that the first half of the financial year 2020-21 would be more of a "transitional phase", with subdued demand and the sales would actually gather pace in the second half of the fiscal.

Thursday, 6 February 2020

Automotive industry leads smart factory adoption: Report


Smart factory adoption rate is highest in the automotive industry and automotive is set to increase investment by over 60 per cent in the next three years, which could result in productivity gains up to $167 billion, a new report said on Thursday.

Back Office to the World: How India Continues to be a Preferred Destination for Outsourcing


India is considered one of the preferred destinations for outsourcing and key back office functions. Apart from IT, jobs in sectors like HR and payroll management, digital marketing, and SEO are being increasingly outsourced to India. India is expected to be a global delivery center for artificial intelligence in the near future. Foreign companies, especially[.....]

The post Back Office to the World: How India Continues to be a Preferred Destination for Outsourcing appeared first on India Briefing News.

Wednesday, 5 February 2020

Vittal wishes Vodafone Idea stays to ensure 3 player market


Bharti Airtel CEO Gopal Vittal on Wednesday wished better days for rival Vodafone Idea, saying the company's existence is critical for India to remain a three-private player market that could bring investments, prevent job losses and restore the reputation of the struggling industry.

India’s New Income Tax Plan Proposed under Budget 2020


India has proposed a new income tax plan for individual taxpayers but the existing regime will continue. We break it down here.

The post India’s New Income Tax Plan Proposed under Budget 2020 appeared first on India Briefing News.

BSVI transition, new launches to rekindle consumer sentiment: SIAM


The Indian auto industry feels that upcoming BSVI transition along with new launches will rekindle consumer sentiments and arrest the slowdown cycle which has impacted the sector hard.

Monday, 3 February 2020

India’s Budget 2020: 5 Takeaways for Foreign Investors


We review major takeaways for foreign investors from India’s national budget for FY 2020-21, which was presented on Saturday, February 1.

The post India’s Budget 2020: 5 Takeaways for Foreign Investors appeared first on India Briefing News.

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 prev...