TURNOVER DEFINITION
Options market activity needs supervision but no intervention: Shrikant Chouhan
?Yes, definitely, we need to increase, we can say, either a lot size or we can increase the net worth of a particular trader, I think that criteria will help the market to reduce this type of speculation.
IKEA did what others only talk of doing & it was a gamechanger for India staff
IKEA faced high employee turnover globally. In India, to retain staff, IKEA introduced subsidized daycare, 26 weeks of parental leave, and a five-day workweek. These benefits have significantly improved employee satisfaction and retention, reflecting IKEA's commitment to addressing local worker needs and enhancing their work-life balance.
Direct selling industry grew 12% in 2022-23, crosses Rs 21,000 crore in turnover: IDSA
Indian Direct Selling Association and Kantar's report revealed a 12% industry growth to Rs 21,282 crore turnover. The sector aims to strengthen with government support, distinguishing from fraudulent schemes through regulatory amendments.
Definition of startup for tax sop to be amended
The government has proposed to amend the definition of ¡°eligible startup¡± under the Startup India scheme to get a tax holiday, to one that has been incorporated between April 1, 2016 and March 31, 2025.
CCI seeks stakeholder comments on regulations defining turnover or income
The regulations aim to address the ambiguities in determining turnover/income of enterprises or persons, by specifying what the definition of turnover or income shall entail and how it will be determined even in case of entities earning in foreign currency. ¡°The Competition (Amendment) Act, 2023, inter alia, amended Section 27, 48 and Section 64 of the Act empowers the CCI to frame regulations for the purposes of imposition of penalty on enterprise and/or person based on turnover or income of such enterprise and/or person,¡± the regulator said in a note released Friday.
Predominant share of Rs 12,000 crore revenue will come out of domestic sales: Keshav Bhajanka, CenturyPly
¡°We are predominantly a luxury player in any case. We are the highest end of the pricing point in the entire spectrum. With the Manish Malhotra range, we are very confident that we will be in a product category where we have not moved and which is uber luxury or ultra-luxury.¡±
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We expect EBITDA to definitely improve going forward: Ajay Kumar Saraogi, JK Cement
?But at the same time, we are seeing some silver landing as there is some reduction in the fuel pricing. So we expect that at least some relief is there. But the industry definitely needs some price increase.
Dredging Corporation of India eyes over Rs 1,300-crore turnover in FY24: CEO S Divakar
Dredging Corporation of India Ltd (DCI) is targeting a 12 per cent growth to hit the turnover of more than Rs 1,300 crore in the ongoing financial year, MD & CEO S Divakar said. To achieve the goal, the company is looking to participate in new dredging tenders and also planning to enter new markets, Divakar told PTI.
Jaishankar-Manturov discuss measures to push trade turnover beyond 45 billion USD
The two sides reviewed the entire gamut of economic ties at a meeting of the India-Russia Inter-governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC).
G20 plans to define startups based on size, revenue and innovation
The G20 Startup20 Engagement Group has begun working on a definition, the first draft of which is likely to be made public by May 15, officials said.
CCI gets powers to penalise tech firms based on global turnover
The Competition (Amendment) Bill, 2022 seeks to capture deals happening in global digital companies, provided the entities involved have a strong business presence in India. Any such deals where the value exceeds Rs 2,000 crore will need to be notified to the Competition Commission of India (CCI).
Aerospace suppliers face competition for hires from planemakers
Aerospace suppliers are gearing up for a hiring spree in 2023 but could face stiff competition for skilled laborers, including from their top customers - planemakers Boeing and Airbus.
Unilever flags risk it may have to halt Russia operations
Unilever said on Thursday "there is a risk" that it may have to stop doing business in Russia, and that it might have to take a loss or write down its assets there.
Akums chalks out expansion plan as it eyes Rs 10K cr turnover by 2028
Akums produces oral solid dosage forms, oral liquid dosage forms, injectables, hormonal medications, ointments and cosmetics, ayurvedic medicines, food supplements and nutraceuticals, among others.
Small companies have a new definition. Will it help?
The Government has been dedicated to taking initiatives and steps to create a more conducive business environment for law-abiding companies, including a reduction of compliance burden on such companies.
Centre revises definition of small companies; more firms to have reduced compliance burden
With the amendments to certain rules, the threshold for small companies' paid-up capital has been increased to "not exceeding Rs 4 crore" from "not exceeding Rs 2 crore". Similarly, the turnover threshold has been revised to "not exceeding Rs 40 crore" from "not exceeding Rs 20 crore", the ministry said in a release on Friday.
ETMarkets Smart Talk: Our turnover will sustain due to derivatives, says Prakarsh Gagdani, CEO, 5paisa.com
"That is where we see a lot of retail interest and because a derivative trading can also happen in a volatile and sideways market, we see that the turnover will sustain and even grow in the coming quarters. So overall I feel that there is a sustained behaviour or interest of retail investors both on the investment and trading sides," says Prakarsh Gagdani, CEO, 5paisa.com.
¡®Why is medium a part of MSME definition?¡¯: As inflation pushes small firms to medium, incentives run dry
Some small firms recently crossed over to the medium category as their turnover increased due to high input costs and inflationary pressures. Such firms are feeling the brunt of policies that favour smaller enterprises.
Kinetic Green expects its turnover to treble to about Rs 1,000 crore in next fiscal
Sulajja Firodia Motwani, founder of the Pune-based company, said there has been a ¡°dramatic transformation¡± in consumer preference for electric vehicles over the last few months, a lot of which can be attributed to the revision in incentives under the FAME (faster adoption and manufacturing of electric and hybrid vehicles) II policy.
Make in India, Atmanirbhar Bharat new definitions of Mahatma Gandhi's Swadeshi movement: Amit Shah
The ideas propagated by Mahatma Gandhi to rebuild India after achieving freedom were forgotten for several years before they were given a new lease of life by Prime Minister Narendra Modi, he said. Shah was in Ahmedabad to unveil a wall mural of Mahatma Gandhi on the occasion of his death anniversary, which is also observed as the Martyrs' Day.
CavinKare expects ecommerce to contribute 25% of its turnover in about five years
"That's something that we are quite aggressive about. And we are quite convinced about saying that this is one opportunity that we have that can help us help the overall group grow rapidly. And it's an opportunity that we feel is there to be leveraged," CEO Venkatesh Vijayaraghavan says.
¡®Startup¡¯ definition incorporated in govt¡¯s procurement process
On February 19, 2019, the DPIIT amended the definition, as per which an entity will be considered a ¡®start-up¡¯ up to a period of 10 years from the date of incorporation/registration and if its turnover for any of the financial years since incorporation/registration does not exceed Rs 100 crore.
Cookme Spices expects 9% rise in turnover in the current financial year
"Our turnover in FY20 was around Rs 115 crore. We are expecting to clock a turnover of Rs 125 crore in the current financial year which closes shortly," Subhamoy Dutta, director, Cookme Spices said.
Government eases restrictions on OPCs, revises definition of small companies
The ministry -- which is implementing the companies law, among others -- has notified the relevant changes close on the heels of Finance Minister Nirmala Sitharaman making announcements related to companies matters in the Union Budget speech on Monday.
Economic Survey reveals Government¡¯s rationale behind revising the definition of MSME
The need for a change in definition, that's aimed at offering small firms the incentives to grow and thereby reap economies of scale was argued for in the Economic Survey 2018-19 too.
MSME definition widened further to include firms with up to Rs 250 cr turnover
The Union Cabinet on Monday said it has approved and further revised the definition of MSMEs in the country.
With a low 'turnover' threshold, Government's new MSME definition sows confusion
The dual eligibility criteria of investment and turnover in govt's new MSME definition has led to confusion.
Government fast-tracks new definition of MSMEs
The plan, which has been in the works for months, is likely to be part of the stimulus package.
New definition of MSMEs will be linked to turnover
According to the proposal, any unit with a turnover of up to Rs 5 crore will be classified as a micro enterprise, while those with up to Rs 75 crore annual revenue will be in the small unit category.
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