Retail

Finance Minister Nirmala Sitharaman presented the Union Budget for FY25. The budget emphasizes employment, skills development, and support for MSMEs, while noting that inflation is stable and progressing towards the 4% target. Key highlights include: The standard deduction for salaried employees will increase to ₹75,000 from ₹50,000 under the new income tax regime for FY25. …

Finance Minister Nirmala Sitharaman Unveils Union Budget for FY25 Read More »

Map my India has issued an intellectual property legal notice to Bhavish Aggarwal‘s Ola, accusing the ride-hailing company of using its data to develop Ola Maps as reported by Forbes. Ola Maps serves as the in-house navigation and location service for Ola. Map My India is owned by CE Info Systems. The complaint alleges that …

MapmyIndia Issues Legal Notice to Ola, Accusing Use of Data for Ola Maps Development Read More »

Kolkata Airport is set to undergo a significant transformation with an Rs 5,000-crore expansion plan. The project will introduce a new integrated terminal for both domestic and international travellers, designed to handle 1.1 crore passengers annually. Construction will begin next August with the demolition of the old domestic terminal and air traffic services building. According …

Kolkata Airport to Undergo ₹5,000-Crore Expansion, Marking a Major Transformation Read More »

The proposed removal of the Angel tax, specifically the revision of Section 56 of the IT Act, represents a major advancement for domestic companies and investors. Initially introduced to prevent value manipulation among resident taxpayers, the tax was later extended to non-residents, raising significant concerns within the industry. Angel tax, as outlined in Section 56(2)(viib) …

Removal of Angel Tax and Revision of Section 56 of the IT Act: A Major Boost for Domestic Companies and Investors Read More »

Unlocking Opportunities: IndianGarmentExport Potential to Japan, AEPC Emphasizes The AEPC highlighted the significant export potential of Indian clothing businesses to Japan, urging the domestic industry to fully utilize the bilateral FTA. AEPC plans to lead a delegation to the India Tex Trend Fair in Tokyo started from July 23, featuring over 200 exhibitors including prominent …

Unlocking Opportunities: AEPC Highlights Potential of Indian Garment Exports to Japan Read More »

The Government of West Bengal has pledged ₹10,000 crore towards the expansion of the CALCUTTA LEATHER COMPLEX LTD., a move expected to create 250,000 new jobs. This substantial investment aims to elevate total employment in the sector to an impressive 750,000 positions. Key Benefits: 🔸 Employment Boost: This investment will open up numerous opportunities, significantly …

West Bengal Government Commits ₹10,000 Crore to Expand Calcutta Leather Complex, Boosting Jobs to 750,000 Read More »

Reliance Revives Banned Chinese Brand in India: The Shein Comeback Story Reliance Industries Limited decided to reintroduce this Chinese brand in India represents a significant strategic move that could potentially reshape the Indian fashion market. Partnering with SHEIN, Reliance aims to leverage the brand’s strengths in speed, efficiency, and deep consumer insights. This collaboration has …

Reliance Reintroduces Banned Chinese Brand Shein in India: A Comeback Story Read More »

Myntra Delves into Gifting: Over 70,000 Options Spanning Multiple Categories…. As India prepares for the upcoming festive season, Myntra is expanding its presence in the gifting sector with a diverse selection exceeding 70,000 options. The online fashion retailer, owned by Walmart, highlighted that India’s gifting culture extends beyond traditional festivals to include occasions such as …

Myntra Expands into Gifting with Over 70,000 Options Across Multiple Categories Read More »