Industry
Budget at a Glance: Your one stop for top industry announcements by Sitharaman
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Finance Minister Nirmala Sitharaman presented India's first budget for Modi 3.0, introducing reforms and paving a growth roadmap. The budget includes a provision for the PLI scheme for toys, footwear, and leather, a financial sector vision document, and investment-ready "plug and play" industrial parks. India Inc praised the budget as 'balanced'.
Budget 2024: Critical Minerals put on mission mode
FM Nirmala Sitharaman's budget introduces the Critical Mineral Mission with reduced import duties to boost domestic production and recycling, focusing on sectors like electronics, construction, nuclear, renewable energy, space, and defence. Offshore mineral blocks will be auctioned. Mines Minister G Kishan Reddy supports the plan, stressing its importance for enhancing India's global competitiveness in these strategic sectors.
- India helps Coca-Cola to gain 2 pc volume growth, post 400 million transactions in H1
- Duty cut on precious metals to help contain smuggling, but cost govt Rs 28,000 cr in revenues: GTRI
- Budget initiatives will increase disposable income, boost spending: Retail industry
- Budget measures to enhance competitiveness in domestic, export markets: Consumer electronics players
- Hike in customs duty on PCBA of certain telecom equipment will raise services cost: COAI on Budget
- Uttarakhand Tourism launches homestays booking portal
- Budget to spur FMCG demand with focus on jobs, infra & agriculture
- MMT clocks highest ever gross bookings in Q1FY25
- Reliance Capital resolution case: NCLT directs IIHL to deposit the equity amount in escrow account
- Companies applaud Budget 2024 proposal to provide internships for one crore youth
- Budget 2024: Govt reiterates rupee internationalisation commitment but not so easy, say bankers
- Govt retains 14 pc rise in capital investment of Rs 67,000 cr by 8 power PSUs in FY25
Reliance Capital resolution case: NCLT directs IIHL to deposit the equity amount in escrow account
Companies applaud Budget 2024 proposal to provide internships for one crore youth
Budget 2024: Govt reiterates rupee internationalisation commitment but not so easy, say bankers
Govt retains 14 pc rise in capital investment of Rs 67,000 cr by 8 power PSUs in FY25
Budget 2024: Stable taxation to improve cigarette volumes
Budget 2024: Did you miss the 'nuclear option' in the budget?
Auto News
CEAT lines up ₹1k-cr capex in FY25, flags margin woes
- Renewed push: Centre weighs dedicated fund to drive vehicle scrapping and new car sales
- Economic Survey 2024: PLI scheme for auto sector sees investment proposals worth Rs 67,690 crore
- Suzuki sees India’s automobile market growing fivefold by 2047
- Expect double-digit growth in replacement, international business despite rubber price hike: CEAT
Banking/Finance News
Budget 2024: Govt reiterates rupee internationalisation commitment but not so easy, say bankers
- Budget 2024: Variable capital companies could attract fund managers to India, say experts
- NCLT grants extension till Aug 10 to IIHL for completing RCapital resolution plan
- Paytm partners with Axis Bank to offer POS solutions, card payment devices
- Indian banks' short-term debt rises to 12-year high on loan demand
Cons. Products News
India helps Coca-Cola to gain 2 pc volume growth, post 400 million transactions in H1
- Budget measures to enhance competitiveness in domestic, export markets: Consumer electronics players
- Budget to spur FMCG demand with focus on jobs, infra & agriculture
- Budget 2024: Stable taxation to improve cigarette volumes
- Budget 2024 boosts India's diamond industry growth & export potential
Energy News
Govt retains 14 pc rise in capital investment of Rs 67,000 cr by 8 power PSUs in FY25
- After bumper profits, govt scraps Rs 30,000 cr capital support to oil cos
- Budget 2024: Did you miss the 'nuclear option' in the budget?
- Centre drops plan to infuse Rs 15,000-crore equity in OMCs
- Budget proposes 800-MW power plant based on advanced ultra super critical tech
Must Watch
Renewables News
1.28 cr registrations received under PM Surya Ghar Muft Bijli Yojana: Minister
- Electric Mobility Promotion Scheme to support up to 3.72 lakh EVs: Government
- Budget 2024: Did you miss the 'nuclear option' in the budget?
- Customs duty exemption on lithium, cobalt to aid growth of EV sector: Auto Inc
- Budget 2024: Industry hails waiving of import duties on critical minerals, calls for reduced GST on EVs
Ind'l Goods/Svs News
Budget 2024: Critical Minerals put on mission mode
- Duty cut on precious metals to help contain smuggling, but cost govt Rs 28,000 cr in revenues: GTRI
- Critical mineral mission to aid overseas assets acquisition and setting up local processing
- Budget 2024: FM Sitharaman proposes to increase custom duty on PVC to 25%
- Budget 2024-25 waives import duties on lithium and other critical minerals
Healthcare/Biotech News
Drugs regulatory body may waive testing requirement for cough syrups exported to certain countries
- Budget 2024: Government proposes to fully exempt 3 cancer drugs from customs duty
- Economic Survey: Mental health issues rising, holistic approach required
- Over 100 cough syrup makers fail quality test
- Next leg of pharma sector growth necessitates skill advancement, innovation: Eco Survey
Services News
Budget initiatives will increase disposable income, boost spending: Retail industry
- ICAI says budget proposals aim to boost growth, improve ease of doing biz
- Uttarakhand Tourism launches homestays booking portal
- MMT clocks highest ever gross bookings in Q1FY25
- Budget proposals to boost affordable housing, infrastructure, industrial growth
Media/Entertainment News
Sushant Sreeram quits Prime Video, set to join JioCinema
- Regional OTT platforms seek fresh funds to scale up content offerings
- Cinema houses, OTTs wary as Karnataka govt levies 2% cess
- India sends 100 antitrust queries for Reliance, Disney $8.5 bln merger, sources say
- Hardik Pandya teams up with FanCode Shop to launch his brand
Transportation News
Air India Express inaugurates its maiden international flight from Bengaluru to Abu Dhabi
- Govt plans flexible mode for financing leasing of aircraft
- Budget aims to position India as a global leader in maritime innovation: Minister Sonowal
- India Budget 2024: Civil aviation ministry gets Rs 2,357 crore
- Tata Advanced Systems Ltd, Airbus seal contract to establish H125 helicopter assembly unit in India
Telecom News
Hike in customs duty on PCBA of certain telecom equipment will raise services cost: COAI on Budget
Upcoming 4G, 5G network roll outs to get costlier with customs duty hike
WhatsApp cuts business messaging prices to counter SMS, Google's RCS
India among world's fastest-growing 5G networks: Economic Survey 2024
Nokia achieves 1.2 Gbps 5G speed during trial with Bharti Airtel
Nokia and Airtel successfully complete first 5G cloud RAN trial in India
Economic Survey 2023-2024: India among world's fastest growing 5G networks