Indian Businesses

The company also announced that Gian Paolo Bassi, current CEO of Solidworks, will lead its 3D Experience Works organization as Executive Vice President. As Vice President of research and development at SolidWorks, Kumar played a key role in the development of SolidWorks product and technology strategies. With his additional role as CEO, Kumar will spearhead the tight relationships between R&D and the brand's vibrant community of users.

The Central government plans to reduce the fiscal deficit to 4.5 per cent of the GDP by FY26.In the Union Budget, the Centre has revised the fiscal deficit to 6.9 per cent of the GDP for FY22. The deficit target for FY23 has been kept at 6.4 per cent of the GDP. "The higher deficits and continued lack of clarity on medium-term consolidation plans in India's latest budget add risks to Fitch Ratings' projection of a downward trajectory in government debt/GDP," Fitch Ratings said.

The airline had posted a net loss of Rs 620.1 crore in the year-ago quarter. Its total income for the quarter ended December 2021 was Rs 9,480.1 crore, representing an increase of 63.5 per cent over the same period last year. Its passenger ticket revenues were Rs 8,073.1 crore, an increase of 98.4 per cent and ancillary revenues at Rs 1,141.7 crore, an increase of 41.3 per cent compared to the same period last year.

"We looked at whether the duties need to be re-jigged, but some domestic production is happening and some investments have come in with the current tariff structure," Vivek Johri, Chairman of the Central Board of Indirect Taxes and Customs (CBIC), was quoted as saying in an interview with Bloomberg. "So, it is clear that this is not a hindrance," Johri added. Prime Minister Narendra Modi's administration has encouraged Tesla to produce locally, while Musk wants India to lower taxes.

​Union Budget 2022-23  has not proposed any changes in the personal income slabs for the salaried class people. Given the current economic milieu which has seen record high fuel prices and food inflation, the middle-income taxpayers were expecting relief in the income tax rates. Rationalization of tax slabs were expected to boost consumption to assist economic recovery. But the budget did not propose any changes in the tax rate.​

The company is known for its wide range of offerings comprising soya bean oil, sunflower oil, mustard oil, rice bran oil, wheat flour, rice, pulses, sugar among others. The company has 22 plants in India, which are strategically located across 10 states, comprising 10 crushing units and 19 refineries. The issue size was Rs 3,600 crore with a price band of Rs 218-230 per share.

"The revenues for the month of January 2022 are 15 per cent higher than the GST revenues in the same month last year and 25 per cent higher than the GST revenues in January 2020," a Finance Ministry statement said. "During the month, revenues from import of goods was 26 per cent higher and the revenues from domestic transaction (including import of services) are 12 per cent higher than the revenues from these sources during the same month last year."

Economic survey 2021-22 was tabled in Parliament on Monday by Finance Minister Nirmala Sitharaman. It provides detailed information about the current economic status of the country. It further recommends policies, blueprints and strategies on resource allocations to bring about social and economic reforms. It is prepared under the aegis of the Chief Economic Advisor and is approved by the Union Finance Minister. Here are the key highlights.

The session will be divided into two halves. The first half of the session will convene from 31st January to 14th February. The second half will resume from 14th March and will end on 8th April. The Budget will be presented on 1st February. The timing is expected to be around 11 A.M. The Budget will be streamed live on Sansad TV as well as Doordarshan channels

The consolidated profit after tax of the company rose to Rs 1,571 crore during the quarter under review from Rs 1,360 crore reported for the correponding period of the previous fiscal. Besides, the company's consolidated revenue for the quarter rose by 3 per cent YoY to Rs 6,927 crore from Rs 6,736 crore for Q3FY21.