Page 3 - Businesses

GST: 6-digit HSN code must in invoices for biz with over Rs 5 cr turnover

In trade parlance, every product is categorised under an HSN code (Harmonised System of Nomenclature). It helps in systematic classification of goods across the globe

By FY2022-end, our business will be twice of pre-Covid levels: Rapido

Bike taxi platform Rapido has seen a strong recovery in its operations over the last few months and is confident of business doubling by the end of March 2022 from pre-COVID levels

Budget to bring in positive change for investors and public: Anurag Thakur

The Union budget will bring in a positive change for investors, businesses and the general public, said Minister of State (MoS) for Finance, Anurag Thakur on Monday."We've focused on micro, small and medium enterprises (MSME) and infrastructure. We are also going to spend big on the healthcare sector. We've allocated around Rs 1.10 lakh crores for roadways and railways each. This Budget will bring in a positive change for investors, businesses and the general public," Thakur told ANI.In a comparison with the previous United Progressive Alliance government at the Centre, he said that during UPA rule, crops worth Rs 3.75 lakh crore were procured whereas the NDA government procured crops worth Rs 8 lakh crore.He said the development cess that is introduced in the budget will be used to strengthen basic infrastructure in agriculture.

Businesses hail Karnataka's 24x7 move, but infra and other concerns remain

The state announced the decision to allow all shops and commercial set-ups to run round the clock so that they recover revenue lost on account of Covid-19

World Coronavirus Dispatch: Hong Kong clinics ban fathers during childbirth

Chaos in New South Wales as travelers rush to get out of the state, Big businesses showed resilience in a daunting year and other pandemic-related news around the globe

Covid-19 vaccine to help cold chain market jump 17% to Rs 1.7 trn in CY21

Growth next year comes on the back of robust 16% estimated annual growth over past five years with volume growth in the period pegged at 4.4%

Better link, real-time info sharing help retailers ready for biz resumption

During the lockdown, the retail industry used tools such as virtual town halls connecting all industry and employees

Biz will have 30 days to generate e-voices for B2B sales in Oct: CBIC

Under the Goods and Services Tax (GST) law, companies with turnover of over Rs 500 crore will have to generate e-invoice for B2B transactions from October 1

'Tech intensity' key to business resilience amid Covid-19: Satya Nadella

Nadella said Microsoft is the only company that has a complete technology stack to support both tech adoption and tech capability building

Indian businesses showed preparedness, resilience despite Covid-19: Report

The survey was conducted on more than 2,600 companies across 14 global markets including 200 firms from India

'Let's get going': UK launches info campaign to prepare for Brexit crunch

The two sides have been working to agree a trade deal ahead of that period expiring at the end of the year

Covid-19 impact: Here's why insurance may never be the same again

While new pandemic-proof policies might not be cheap, they offer businesses from restaurants to film production companies to e-commerce retailers ways of insuring against disruptions

Paytm Payouts processed Rs 1,500 cr in salaries, other benefits for firms

Paytm Payouts is a digital money transfer service for businesses to help them make payments to their employees, vendors and business partners

Covid-19 crisis: Rising costs, low demand force firms to impose surcharge

Rising unemployment, safety concerns and limits on the number of customers a business is allowed to serve are setting a cap on sales

How to transform an organisation

Our experience shows that a transformation can only be achieved when at least 40% of the organisation actively supports the change

Building startups and companies that last

The tendency to announce near-victory is a pervasive disease. This is exemplified by the reports on ease of doing business

Govt and businesses want greater tax certainty, says Grace Perez-Navarro

We find countries are willing to do this if they get in exchange greater tax certainty, better dispute prevention, and binding dispute resolution mechanisms

MSMEs to get pending GST refunds within 30 days: Nirmala Sitharaman

Banks will also have to return all documents within 15 days of a loan closure, helping borrowers whose mortgaged assets are tied up

Businesses can unlock $12 trillion via key development goals: Study

Cost of achieving these goals by 2030 will likely require $ 2.4 tn of additional annual investment