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Exporters were facing problems due to lack of clarity on the procedure to be followed under GST at the time of taking these goods out and their sale or return to India.
No GST on goods sent for fairs
Sangeetha G
23 Jul 2019 6:01 AM

Several goods are taken out of India for exhibitions or other export promotion events.

Data from the Gems and Jewellery Export Promotion Council shows import of rough diamonds fell 23 per cent in value terms and 25 per cent in volume terms in the June quarter. (Representational image)
Dip in India demand hits Russian diamond miner
Sangeetha G
22 Jul 2019 5:15 AM

Financial Chronicle too had recently reported how the Indian diamond polishing industry has been cutting working days, resulting in job losses.

According to Air India, one-way operational cost of flights to the US might come down by Rs 20 lakh. (Representational Image)
International airfares likely to drop
Sangeetha G
18 Jul 2019 1:53 AM

Air India, Indigo, SpiceJet and Go Air are expected to benefit from the move.

Though the company did not disclose the deal size, sources said that it could be a $30 million all-stock deal.
Oyo buys Innov8 to enter commercial real estate
Sangeetha G
17 Jul 2019 1:06 AM

Oyo Workspaces aims to expand its presence to over 50 centres across India by the end of 2019.

Around 6 million spindles are lying idle. In February 2013, the monthly yarn exports to China stood at 140 million kg and this has now come down to around 40 million kg.
Cotton yarn mills cut output as orders dry up
Sangeetha G
17 Jul 2019 1:03 AM

Almost 60 per cent yarn mills, which are largely small and medium units, have cut their production.

Due to the rampant increase in consumer complaints received by Casio regarding sale of counterfeit watches and calculators branded as Casio on Snapdeal, Casio had initiated the legal action against the website, the company said.
Casio sues Snapdeal over fake goods
Sangeetha G
13 Jul 2019 1:39 AM

Snapdeal said that it will approach the court for review and modification of the order.

The outperformance is mainly attributable to the record level of investments worth $11.1 billion in infrastructure and real estate. These two sectors together accounted for 48 per cent of all PE/VC investments.
Private equity/venture capital investments up 27 per cent in H1 2019
Sangeetha G
13 Jul 2019 1:06 AM

The largest deal in H1 2019 was Brookfield's buyout of Reliance Industries' East-West pipeline worth $1.9 billion.

As per the data from Anarock Property Consultants, 5.6 lakh units worth Rs 4.5 lakh crore are either stuck or delayed in top 7 cities.  (Representational Image)
Realty projects of over Rs 4 lakh crore stuck
Sangeetha G
13 Jul 2019 12:56 AM

JV partnership with developers and PE firms explored.

Marico, GSK Consumer, Hindustan Unilever, Godrej Consumer Products, Colgate and Britannia are some of the companies that stand to gain
FMCG firms to report uptick in Q1 margins
Sangeetha G
11 Jul 2019 12:39 AM

Benign raw material prices, low media intensity to help.

The total global production of basmati is 8 to 9 million tonne and India produces more than 70 per cent or about 5.5 million tonne.
NCDEX launches Basmati futures
Sangeetha G
10 Jul 2019 1:49 AM

Rice futures on the NCDEX were banned in 2007 when the inflation levels were high.

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