Author: NNI Editor
An image of a young entrepreneur, Mr Chand, appears in a video. He looks confused as he wants to know ‘How to deduct and pay TDS’. A veteran chartered accountant hand-holds him through the process in a five-minute video. Chand is beaming at the end of it. “Running a business without the basics of accounts, is akin to driving without GPS or speedometer. If your destination is Chennai, you might just end up in Mumbai,” says CA Prabu Kesavan, co-founder and chief mentor of Accopedia School of Accounting & Finance or A-School, adding that the basics of accounting, finance, and taxation are prerequisites for business people.…
Image used for representational purpose. | Photo Credit: Reuters Maruti Suzuki India Ltd (MSIL) on Tuesday (February 25, 2025) said it began commercial production at its Kharkhoda facility in Haryana in 30 months from the time of ground breaking.The foundation stone, for this facility, was laid by Prime Minister Narendra Modi in August 2022, virtually.To begin with, the Kharkhoda facility will have an annual production capacity of 250,000 units and produce the compact SUV Brezza, the company said in a statement.With this, MSIL, including Suzuki Motor Gujarat Private Ltd, its wholly owned subsidiary, will have a total annual production capability of…
Representational image. Photo: Twitter/@FollowCII Madhya Pradesh can potentially become a $2.1 trillion economy by 2047-48 from its current size of $164.7 billion, a report by the Confederation of Indian Industry (CII) has said. According to the report titled ‘Envisioning Madhya Pradesh Economy @ 2047’, the State can increase its share in India’s economy from the current 4.6% to 6% in the next 22 years. “Looking ahead, M.P. is poised to grow to $339 billion (₹31.1 lakh crore) by 2030-31 and further to $2.1 trillion economy by 2047-48. This growth will translate into M.P.’s share rising from the current 4.6% to 6.0% by…
Image used for representational purpose. | Photo Credit: Reuters India has invited bids to appoint merchant bankers and legal advisers to sell the government’s minority shareholding in select public sector banks and financial companies.The government is looking to undertake minority stake sales in State-run banks and financial firms through an offer for sale, according to a document published on Monday (February 24, 2025) on the Department of Investment and Public Asset Management’s website, which did not name the lenders.The federal finance ministry is looking dilute minority shareholdings in Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and…
Tata Capital Ltd. on February 25, 2025, approved an initial public offering, including a fresh issue of up to 23 crore equity shares. | Photo Credit: Special Arrangement India’s Tata Capital said on Tuesday (February 25, 2025) it has approved plans for an initial public offering that would see the non-bank lender issue 230 million new shares, while current shareholders will exit through the offer for sale route.The financial services arm of India’s $165 billion Tata Group was mandated to list by September this year, according to Central bank norms for so-called “upper layer” non-banking financial companies.Tata Capital did not…
Prime Minister Narendra Modi visits an exhibition on Advantage Assam 2.0 Summit, in Guwahati on Monday, February 24, 2025. | Photo Credit: X/Narendra Modi via ANI “Prime Minister Narendra Modi is scheduled to inaugurate the Advantage Assam 2.0 Investment and Infrastructure Summit on Tuesday (February 25, 2025) in the presence of industry captains and business delegations from foreign countries,” officials said.Assam Governor Laxman Prasad Acharya and Chief Minister Himanta Biswa Sarma will also be present on the occasion.The Prime Minister will address the inaugural session of the two-day summit after prominent industrialists of the country and the state deliver their…
The National Horticulture Fair will be held at the Indian Institute of Horticulture Research campus in Bengaluru. | Photo Credit: SUDHAKARA JAIN Bottle Gourd of the Arka Shreyas variety, which is resistant to Gummy Stem Blight (GSB) and will provide a yield up to 48 tonnes per hectare, Red Dragon Fruit powder, and Arka Jackfruit frozen patties and kebabs, are some of the horticultural innovations that will be on display at the National Horticulture Fair (NHF). The fair will be organised at the Indian Council of Agricultural Research (ICAR) – Indian Institute of Horticultural Research (IIHR) from February 27 to…
FIIs offloaded equities worth ₹6,286.70 crore on Monday (February 24, 2025), while DIIs bought equities worth ₹5,185.65 crore, according to exchange data. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty rebounded in early trade on Tuesday (February 25, 2025) amid value buying at lower levels after falling sharply in the last five trading sessions. The 30-share BSE benchmark Sensex climbed 117.57 points to 74,571.98 in early trade. The NSE Nifty went up 31.3 points to 22,584.65. Later, the BSE benchmark quoted 272.39 points higher at 74,725.89, and the Nifty traded 47.45 points up at 22,600.80. From the…
The rupee declined 16 paise to 86.88 against the US dollar in early trade on Tuesday (February 25, 2025) amid a strengthening greenback, sustained FII outflows, and a rise in Brent crude prices. A rebound in the domestic equity markets prevented further fall in the domestic unit, according to forex traders. At the interbank foreign exchange, the local unit opened at 86.83, before sliding further to 86.88, down 16 paise from Monday’s close of 86.72. “The rupee was again sold off on Monday as month-end dollar demand kept rupee lower from a high of 86.56 to 86.75. Due to risk…
Dried Cardamom in an auction centre at Kumily. | Photo Credit: JOMON PAMPAVALLEY With the fag end of the crop season, the prices of the cardamom is showing a reverse trend. The recent average price of ₹2,800 per kg was quoted in the auction at Spices Park, Puttady, on Monday (February 24, 2025)In the morning auction held by Header Systems Limited, the average price was ₹2,802, while the maximum price quoted was ₹3,040. Of the 45,721 kg of cardamom that arrived, 41,290 kg were sold. In the evening auction held by Sugandhagiri Spices Promoters and Traders, 48,303 kg arrived, and…