Gaurav Bansal

[ad_1] In an effort to stimulate domestic consumption amid ongoing trade tensions with the United States, China has lowered the minimum purchase amount required for foreign tourists to qualify for tax refunds. Starting Sunday, international travellers can apply for tax rebates on purchases of just 200 yuan (about $27) made at the same store on the same day, down from the previous threshold of 500 yuan (about $69), according to a joint statement released by the Ministry of Commerce and other authorities.The upper cash rebate limit has also been doubled to 20,000 yuan ($2,745), while the government plans to increase the number of designated tax refund shops and simplify the refund process. In areas heavily frequented by tourists, local governments are being encouraged to establish immediate refund points for faster service.Speaking at a news conference, Vice Minister of Commerce Sheng […]

[ad_1] Toyota Motor Corp said on Saturday it is considering various options, including a partial investment, in a possible buyout of Toyota Industries Corp, a key parts supplier. The move follows reports of a potential $42 billion transaction that could significantly reshape the group’s corporate structure.In a filing with the Tokyo Stock Exchange, the automaker confirmed it was "exploring various possibilities," but emphasized that no decision has been made yet.Bloomberg News reported on Friday that Toyota Chairman Akio Toyoda and his founding family had proposed acquiring Toyota Industries through a deal valued at around 6 trillion yen ($42 billion). However, Toyota Industries, which has a market capitalization of around 4 trillion yen, issued a statement denying it had received any such proposal directly from the Toyota chairman or group.According to two sources familiar with the matter, Toyota Industries is considering […]

[ad_1] Hindustan Zinc Ltd (HZL), a Vedanta Group company, is set to foray into potash mining and is targeting a block in Rajasthan that has a strong possibility of containing lithium reserves as well. India heavily relies on potash imports from countries such as Russia, Canada, Belarus, and Israel, and HZL's move aims to reduce this dependency.The company is also looking to expand beyond its core focus on base metals—zinc, lead, and precious metals like silver—into other critical minerals that are of strategic interest. Hindustan Zinc was recently declared the preferred bidder for the Dugocha gold block in Rajasthan, expanding its portfolio of precious metals."So all the critical mineral blocks, as I said, we have got gold...block, we have got tungsten block. So Hindustan Zinc will expand beyond zinc, lead and silver," said Hindustan Zinc CEO Arun Misra. "We will […]

[ad_1] A busy week ahead will be crucial for the rebound of US stocks, as investors turn their attention to a series of corporate earnings reports, including major results from Apple and Microsoft. Alongside these earnings, the prospect of global trade developments could introduce volatility into the market, adding another layer of uncertainty.The US stock market has been recovering, with the S&P 500 on track for solid weekly gains, but it remains down about 10% from its February record high, according to news agency Reuters. Investors are weighing whether the recent uptick signals that the worst of the tariff-induced market drop has passed. Investor sentiment has been bolstered this week by signs of a potential de-escalation in the Trump administration's trade stance, particularly regarding tensions with China. However, the situation remains fluid, and any fresh developments on tariffs could have […]

[ad_1] Foreign investors have poured in Rs 17,425 crore into India’s equity markets in the week of April 21 to April 25, bolstered by a combination of favourable global factors and strong domestic economic fundamentals. This follows a net investment of Rs 8,500 crore in the previous holiday-shortened week ending April 18, news agency PTI reported. Globally, steady performances in major markets, expectations of a pause in US Federal Reserve rate hikes, and a stable US dollar have boosted risk appetite for emerging markets like India. Additionally, easing global trade tensions have further lifted investor sentiment, according to Himanshu Srivastava, Associate Director – Manager Research at Morningstar Investment.On the domestic front, India’s resilient growth outlook, moderating inflation, and an optimistic forecast for an above-normal monsoon in 2025 have strengthened confidence in the market, making it an attractive investment destination for […]

[ad_1] TikTok, the popular Chinese social media platform, is gearing up to enter Japan’s online shopping market in the coming months, according to a report by Nikkei on Sunday. The company plans to recruit sellers soon for its e-commerce arm, TikTok Shop, which will offer a platform for users to sell products ranging from sneakers to beauty items through livestreams, earning commissions on sales, Reuters reported. This expansion into Japan follows TikTok Shop’s recent moves into Europe, where it launched in France, Germany, and Italy earlier this year, continuing its global push. The decision is part of TikTok’s broader strategy to diversify its business beyond its core social media offering, especially as it faces ongoing regulatory hurdles in the United States.In the US, TikTok’s future remains uncertain as the company waits for a resolution regarding a law passed in 2024, […]

[ad_1] The combined market valuation of six of the top-10 most valued Indian companies surged by Rs 1,18,626.24 crore last week, with Tata Consultancy Services (TCS) emerging as the top gainer. This rise coincided with a broader market rally, as the BSE Sensex climbed 659.33 points or 0.83 per cent, and the NSE Nifty advanced by 187.7 points or 0.78 per cent.Among the gainers, TCS registered the highest jump, with its market capitalisation rising by Rs 53,692.42 crore to Rs 12,47,281.40 crore, news agency PTI reported. Reliance Industries followed with an addition of Rs 34,507.55 crore, taking its total valuation to Rs 17,59,276.14 crore.Infosys added Rs 24,919.58 crore to reach a market cap of Rs 6,14,766.06 crore, while HDFC Bank’s valuation rose by Rs 2,907.85 crore to Rs 14,61,842.17 crore.State Bank of India (SBI) gained Rs 1,472.57 crore, pushing its […]

[ad_1] AI-generated image (Credit: Lexica) As global markets grapple with uncertainty and turmoil, India has emerged as a positive outlier for multinational consumer goods firms, even amid a slowdown in urban demand. Senior executives from leading companies — including Unilever, Procter & Gamble (P&G), Pernod Ricard, Reckitt, PepsiCo, Heineken, and L'Oréal — have highlighted India's significant contribution to growth among emerging markets during the recent quarter, according to a report by The Economic Times. While companies acknowledged softness in urban markets due to modest wage growth and inflationary pressures impacting household spending, they expressed optimism about a robust recovery in the current fiscal year. "India is driving mid-single-digit growth very nicely," said P&G Chief Financial Officer Andre Schulten during an investor call last week. "The market gets better every time we look at it. We feel very solid about the […]

[ad_1] NEW DELHI: Mahindra & Mahindra Ltd on Saturday said it has entered into an agreement to acquire almost 59% stake in heavy-vehicle maker SML Isuzu (SML) at Rs 650 per share, which will entail an outlay of Rs 555 crore.As part of the transaction, M&M would acquire the entire stake of nearly 44% held by Sumitomo Corporation, promoter of SML, and separately also acquire a 15% stake held by Isuzu Motors , public shareholder of SML.M&M would launch a mandatory open offer to acquire up to 26% stake from public shareholders of SML in accordance with SEBI regulations. The acquisition will double market share to 6%, with a plan to increase this to 10-12% by FY31 and 20% by FY36, the firm said. [ad_2] Source link

[ad_1] File photo- S P Singh Baghel (ANI) India needs stronger veterinary infrastructure and skilled professionals to support its rural economy, Union Minister of State for Fisheries, Animal Husbandry and Dairying S P Singh Baghel said on Saturday.Speaking at a national workshop on the occasion of World Veterinary Day, Baghel described veterinarians as “the backbone of the rural economy” and called for greater collaboration among veterinary professionals, scientists, and public health experts to ensure an integrated health approach, according to an official statement as reported by news agency PTI.India is home to over 536 million livestock, the largest in the world, with nearly 70 per cent of rural households depending on animals for income, food, and livelihood security, he said.The minister emphasized the importance of indigenous livestock breeds, well-suited to local climate conditions and essential for sustainable agricultural systems. He […]