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Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
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India Lifts Export Tax On Parboiled Rice As Inventories Surge
India on Tuesday scrapped the export tax on parboiled rice, the government said in an official order, as inventories in the world's biggest exporter of the grain surged and the country is set to produce a bumper crop after copious monsoon rains.
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Zomato Receives Over Rs 11 Crore Tax Penalty Notice
Online food delivery platform Zomato has received a tax demand and penalty order of Rs 11.82 crore related to GST on export services provided to its subsidiaries located outside India from July 2017 to March 2021.
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Dutch Court Orders Netherlands To Stop Export Of F-35 Jet Parts To Israel
The Netherlands must stop delivering parts for F-35 fighter jets used by Israel in the Gaza Strip, after a Dutch court Monday upheld an appeal by human rights organisations.
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Chinese Tech Firms Baidu, TikTok-owner ByteDance, Tencent, Alibaba Order Nvidia AI Chips Worth $5 Billion: Report
China's internet giants are reportedly rushing to acquire high-performance Nvidia chips vital for building generative artificial intelligence systems, making orders worth $5 billion.
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Maruti Suzuki Planning New Plant to Cater to Market Demands, Aims to Introduce Six New EVs by 2030
Maruti Suzuki India (MSI) on Wednesday said it is looking to set up a manufacturing plant with a capacity of up to 10 lakh units per annum in order to cater to the expected increase in demand from domestic as well as export markets. The carmaker also announced that it will be getting a "big three-row strong hybrid model" from Toyota as part of thei...
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Manufacturing Activities In India Reach 3-Month High, Boosted By Exports, New Orders
Buying levels expanded at a marked and accelerated rate as firms also sought to benefit from relatively mild price pressures.
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Kalyani Strategic Systems Wins $155 million Export Order For Artillery Platform
Leading defence manufacturer Bharat Forge on Wednesday said its subsidiary Kalyani Strategic Systems Ltd has secured an export order worth USD 155 million for a 155mm artillery platform.
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Cochin Shipyard Ltd Bags International Order Worth Rs 1000 Crore
The Cochin Shipyard Ltd (CSL) has bagged a prestigious international export order with a European client for the construction of Commissioning Service Operation Vessels ('CSOVs') for offshore wind farms.
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US Orders Nvidia, AMD to Stop Selling Top AI Chips to China
The US is restricting shipments of top AI chips by Nvidia and AMD to China. The move would affect Nvidia's A100 and H100 chips and prevent the shipment of AMD's MI250 chips to China.
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UAE To Suspend Exports Of Indian Wheat For 4 Months: Report
UAE's economy ministry has ordered the suspension of exports and re-exports of wheat and wheat flour originating from India for a period of four months, state news agency WAM said on Wednesday.
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UAE Orders Suspension Of Indian Wheat Export For 4 Months: Report
UAE's economy ministry has ordered suspension of exports and re-exports of wheat and wheat flour originating from India for a period of four months
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After India Wheat Export Ban, Rice Traders Step Up Purchases
India's surprise ban on wheat exports has prompted rice traders to increase purchases and place unusual orders for longer-dated deliveries
-
India Caps Sugar Exports For First Time In 6 Years To Tame A Price Surge
India has imposed restrictions on sugar exports for the first time in six years by capping this season's exports at 10 million tonnes, a government order said, to prevent a surge in domestic prices after mills sold a record volume on the world market.
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6 Defence Stocks With Big Growth Stories. Watch Out for Them
The defence industry is strategically important for India as it helps in strengthening its security system and accounts for a portion of the exports
-
Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
-
India Lifts Export Tax On Parboiled Rice As Inventories Surge
India on Tuesday scrapped the export tax on parboiled rice, the government said in an official order, as inventories in the world's biggest exporter of the grain surged and the country is set to produce a bumper crop after copious monsoon rains.
-
Zomato Receives Over Rs 11 Crore Tax Penalty Notice
Online food delivery platform Zomato has received a tax demand and penalty order of Rs 11.82 crore related to GST on export services provided to its subsidiaries located outside India from July 2017 to March 2021.
-
Dutch Court Orders Netherlands To Stop Export Of F-35 Jet Parts To Israel
The Netherlands must stop delivering parts for F-35 fighter jets used by Israel in the Gaza Strip, after a Dutch court Monday upheld an appeal by human rights organisations.
-
Chinese Tech Firms Baidu, TikTok-owner ByteDance, Tencent, Alibaba Order Nvidia AI Chips Worth $5 Billion: Report
China's internet giants are reportedly rushing to acquire high-performance Nvidia chips vital for building generative artificial intelligence systems, making orders worth $5 billion.
-
Maruti Suzuki Planning New Plant to Cater to Market Demands, Aims to Introduce Six New EVs by 2030
Maruti Suzuki India (MSI) on Wednesday said it is looking to set up a manufacturing plant with a capacity of up to 10 lakh units per annum in order to cater to the expected increase in demand from domestic as well as export markets. The carmaker also announced that it will be getting a "big three-row strong hybrid model" from Toyota as part of thei...
-
Manufacturing Activities In India Reach 3-Month High, Boosted By Exports, New Orders
Buying levels expanded at a marked and accelerated rate as firms also sought to benefit from relatively mild price pressures.
-
Kalyani Strategic Systems Wins $155 million Export Order For Artillery Platform
Leading defence manufacturer Bharat Forge on Wednesday said its subsidiary Kalyani Strategic Systems Ltd has secured an export order worth USD 155 million for a 155mm artillery platform.
-
Cochin Shipyard Ltd Bags International Order Worth Rs 1000 Crore
The Cochin Shipyard Ltd (CSL) has bagged a prestigious international export order with a European client for the construction of Commissioning Service Operation Vessels ('CSOVs') for offshore wind farms.
-
US Orders Nvidia, AMD to Stop Selling Top AI Chips to China
The US is restricting shipments of top AI chips by Nvidia and AMD to China. The move would affect Nvidia's A100 and H100 chips and prevent the shipment of AMD's MI250 chips to China.
-
UAE To Suspend Exports Of Indian Wheat For 4 Months: Report
UAE's economy ministry has ordered the suspension of exports and re-exports of wheat and wheat flour originating from India for a period of four months, state news agency WAM said on Wednesday.
-
UAE Orders Suspension Of Indian Wheat Export For 4 Months: Report
UAE's economy ministry has ordered suspension of exports and re-exports of wheat and wheat flour originating from India for a period of four months
-
After India Wheat Export Ban, Rice Traders Step Up Purchases
India's surprise ban on wheat exports has prompted rice traders to increase purchases and place unusual orders for longer-dated deliveries
-
India Caps Sugar Exports For First Time In 6 Years To Tame A Price Surge
India has imposed restrictions on sugar exports for the first time in six years by capping this season's exports at 10 million tonnes, a government order said, to prevent a surge in domestic prices after mills sold a record volume on the world market.
-
6 Defence Stocks With Big Growth Stories. Watch Out for Them
The defence industry is strategically important for India as it helps in strengthening its security system and accounts for a portion of the exports
