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Economy

Domestic airlines demand local maintenance expansion to support growing commercial fleets

Commercial carriers in India are actively seeking expanded local maintenance, repair, and overhaul capabilities as new aircraft deliveries accelerate. This push aims to decrease heavy reliance on foreign service providers while strengthening overall fleet operational capabilities.

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Hindu BusinessLine7m ago 1 min
Commodities

Experts highlight high-risk jewellery equities including PC Jewellers amid precious metal price recovery

Market experts note that risk-tolerant investors can evaluate PC Jewellers shares as a potential candidate for re-rating after the company returned to profitability. This assessment arrives alongside a broader rebound in international gold and silver prices during the US midterm election period.

Scrips: Kalyan Jewellers

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LiveMint Markets8m ago 1 min
CA Corner

Prime Minister Early Career Research Grant offers sixty lakh rupees funding with December deadline

The Prime Minister Early Career Research Grant is providing funding of Rs 60 lakhs to eligible PhD holders. Interested researchers must submit their applications by the December 2 deadline according to the report.

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India Today11m ago 1 min
Global Finance

BMW reports fifteen percent third quarter profit decline amid fierce Chinese market competition

German luxury carmaker BMW reported a 15% year-on-year drop in third-quarter net profit to 1.45 billion euros. The decline follows a second profit warning issued for 2026, driven by intense competition from Chinese manufacturers, rising operational costs, and weaker consumer demand.

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ET Markets14m ago 1 min
Investment

Aayush Wellness posts higher second-quarter net profit as equity shares advance in trading

Aayush Wellness posted a 5.86 percent year-over-year rise in net profit for the second quarter of financial year 2027, reaching 250.10 lakh rupees. Following the financial update, the company equity shares climbed higher during Wednesday trading sessions. Investors track these quarterly metrics to gauge the operational performance of small-cap wellness firms.

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LiveMint Markets19m ago 1 min
Global Finance

Delhi Customs Authority Classifies Decorative Wall Panels As Builders Ware Under Tariff 3925

Decorative wall panels made of PVC, PS, and PU are officially classified as builders' ware under Customs Tariff heading 3925 by the Delhi Customs Authority for Advance Rulings. This classification impacts import duty calculations for businesses dealing in interior finishing materials. Importers must review their tariff categorizations to ensure accurate customs compliance.

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Taxguru22m ago 1 min
Global Finance

Delhi Customs Authority Mandates Individual Classification For Internet Protocol Television SetTop Box Parts

The Delhi Customs Authority for Advance Rulings has ruled that Internet Protocol Television set-top box components must be classified individually under the Customs Tariff rather than as a single consolidated unit. This decision impacts how electronics importers calculate import duties for disassembled or unbuilt device shipments. Businesses must examine each imported part separately to ensure adherence to tariff laws.

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Taxguru23m ago 1 min
GST

Mumbai authority rules bulk drugs and active pharmaceutical ingredients qualify for 5 percent integrated tax on imports

The Customs Authority for Advance Rulings in Mumbai clarified that specified bulk drugs and active pharmaceutical ingredients qualify for a five percent integrated goods and services tax upon import. This decision establishes tax certainty for pharmaceutical companies bringing critical medical components into the country. Importers should verify their product specifications against this eligibility standard.

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Taxguru26m ago 1 min
Global Finance

Customs authority in Mumbai classifies galacto-oligosaccharides powder under tariff heading 2940 00 00

The Customs Authority for Advance Rulings in Mumbai has determined the correct tariff classification for galacto-oligosaccharides powder. This ruling provides clarity on duty obligations for importers handling this specific substance. Professionals can now apply this classification to ensure accurate customs filings.

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Taxguru25m ago 1 min
Global Finance

Mumbai Authority Rules on Classification of Marine Magnesium Hydroxide With Corn Starch

The Customs Authority for Advance Rulings in Mumbai has determined the correct classification for a specific industrial compound. The ruling clarifies the tariff heading for marine magnesium hydroxide blended with 5 percent corn starch. Importers must apply this classification for accurate duty calculations.

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Taxguru27m ago 1 min
Business

Domestic battery component manufacturers face significant cost disadvantages against foreign imports according to report

Indian battery component producers encounter up to a 61% cost disadvantage compared to imported goods, hindering local manufacturing growth. With domestic battery demand projected to surge significantly by 2037, the government is exploring incentive options to bridge this cost gap.

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ET Industry28m ago 1 min
Global Finance

CAAR Mumbai Classifies Fructo-Oligosaccharides Powder and Syrup Under Tariff 2940

The Mumbai Customs Authority for Advance Rulings has specified the correct tariff heading for fructo-oligosaccharides powder and syrup. The decision establishes that these sweetening and prebiotic ingredients fall under customs tariff 2940. Businesses importing these items must align their filings with this classification.

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Taxguru28m ago 1 min

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