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A tourist makeover for Darjeeling tea industry to beat a growing crisis

The region's storied estates are upping the luxe quotient by foraying into hotels and resorts

IMF may lower India's GDP growth projection for 2022 to below 8.2%

The IMF had cut India's gross domestic product (GDP) growth projection for 2022 to 8.2 per cent from 9 per cent in its World Economic Outlook report in April

Steel industry: From sprint to jog as export duty hike plays speed breaker

Now, beginning June, steel mills are expected to announce a cut for monthly contracts

ITC Infotech eyes $500 mn revenue over five years from new business unit

Last month, ITC Infotech said it would be acquiring a part of PTC's product lifecycle management (PLM) implementation services business and create a new business unit, DxP Services

We feel export duty is a temporary measure to contain inflation: JSW's Rao

Companies are creating capacities with two major objectives - to meet India's requirements and also to meet global demand, says Rao

JSW Steel Q4 net profit down 20%; announces JISPL merger with itself

Revenue up 74 per cent YoY to Rs 46,895 crore as company says its opportunities for exports are expanding.

Alipore Court restrains KPMG, banks from acting on SREI audit report

The order was passed on May 20, based on a petition by SREI promoter Hemant Kanoria. Next hearing on May 30

Hindustan Motors plots a comeback; talks on for JV with European co for EVs

MoU signed, due diligence expected to start soon and conclude in 2-3 months; project will start two-wheelers and then add four-wheelers

Export levy will slow down India's $5 trn economy journey: ISA President

Dilip Oomen says the levy comes at a time when the world views India as a stable policy country, a manufacturing and export hub that is closely integrating with global value chains

Steel Association writes to Sitharaman, seeks withdrawal of export duty

Industry should be allowed to fulfill the orders without export duties, say companies.

Export levy likely to push steel companies to review expansion plans

Major private sector steel producers said that the capacity expansion plans were based on assumptions in the sales mix - between domestic and export markets - which has now gone haywire

Tea Board targets 300 mn kg of tea exports by 2025, says Chairman

On exports, Indian tea will aggressively compete with Kenya and Sri Lanka, and also explore markets that have not been aggressively targeted so far

Supreme Court allows export of iron ore from key mines in Karnataka

Order allows direct sales as opposed to e-auctions only; three-judge bench asks mining firms to comply with Centre's rules on the matter

Non-BJP states hail Supreme Court verdict on GST Council recommendations

Verdict upholds federal rights of states and the people: Kerala FM Balagopal

ITC PAT up 11.6% in Q4 at Rs 4,259.68 cr, beats analysts' estimates

Cigarettes business recovers with volumes surpassing pre-pandemic levels, says company.

NCLT Kolkata dismisses Kanoria application against KPMG forensic report

Sources say tribunal also rejected contempt petition filed by Kanoria after Punjab & Sind Bank declared the account fraud

Adani-Holcim deal may trigger consolidation in cement industry: Experts

Expansion plans by most larger players despite glut in markets, fuel price-driven cost pressure and resistance from market to absorb higher cost may force weaker players out

In struggle to get employees back to office; companies tread cautiously

In some small companies and mid-cap IT services, 20-30 per cent of people are already back in office, especially in areas where heavy engineering and design concepts are required

Weak rupee to make imports costly for metal firms, exports may get a push

According to CRISIL Research, India imported close to 57-59 million tonnes of coking coal - a key input for steelmaking - worth Rs 1 trillion in fiscal 2022

UCO Bank Q4 net profit up 290%, says will open new branches across India

The company says it seeks a loan growth of 15 per cent this fiscal and it has managed to reduce its NPA.