A general view of Sterlite Industries copper plant, a unit of Vedanta Resources in Tamil Nadu, India. Reuters
India’s goods and services tax (GST) panel is unlikely to approve lowering the tax for the auto and allied components sector this week, as a study has warned of major revenue losses, two government officials said.
Indian automakers Tata Motors and Mahindra and Mahindra (M&M) said on Friday they would cut production at some plants in response to slowing demand that industry executives say has driven the sector into one of its worst downturns.
MUMBAI: India’s cricket selectors on Sunday named Rishabh Pant as their preferred wicketkeeper for all three formats for next month’s tour of West Indies with the future of long-serving glovesman Mahendra Singh Dhoni still shrouded in mystery. Dhoni, 38, has been the subject of intense speculation on his
US retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy, keeping the door open for the Federal Reserve to cut interest rates again later this month.
The Information and Communication Technology (ICT) sector in the UAE has achieved significant progress in global ranking from the 6th to 2nd, according to the Global Competitiveness Index (GCI) 2019 issued by the World Economic Forum (WEF).
Although India’s economic growth rate has been cut to 6.1 per cent for the current fiscal year, it still remains “very strong” by global standards, International Monetary Fund’s (IMF) Deputy Research Director Gian Maria Milesi-Ferreti said.