Government restores remission of duties and taxes on exported products effective June 1

The government of India on Tuesday announced the restoration of benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for exports made by Advance Authorization (AA) holders, Export-Oriented Units (EOUs), and units operating in Special Economic Zones (SEZs), effective June 1, 2025. This RoDTEP scheme was made to reimburse exporters for…

Karnataka taking no chances with COVID surge: Karnataka minister Dr Sharan Prakash Patil

 Amid rising concerns over COVID cases, Karnataka Minister Dr Sharan Prakash Patil on Tuesday said the state government is fully prepared to handle any situation, despite the current cases being of low severity. Speaking to ANI, Patil said that Chief Minister Siddaramaiah had convened a meeting with the Health and Medical Education Departments to assess…

India’s fintech firms empowering merchants and MSMEs: FM Sitharaman

Union Finance Minister Nirmala Sitharaman on Tuesday said India’s fintech companies are helping the country’s digital public infrastructure (DPI) expand further and empower merchants and micro, small and medium enterprises (MSMEs). FM Sitharaman visited the office of Pine Labs, a digital fintech company, in Noida and interacted with its employees and staff members. She acknowledged…

Info Edge (Naukri) beats estimates with 7.7 times Q4 profit jump, announces 180% dividend; bulls not impressed

Info Edge (Naukri) Q4 FY25 Earnings Key Takeaways: Info Edge (India) on Tuesday reported a 7.7 times increase in its consolidated net profit crore for the quarter ended March 31 compared with the corresponding period a year ago. The year-on-year jump in net profit was better than analysts’ expectations. However, Info Edge shares—traded on stock…