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GST will lead to 112 per cent growth in warehousing

India will see 112 per cent increase in warehousing space by 2021 as GST is pushing companies to re-structure their portfolio and bring in larger and supply chain-efficient warehouses rather than focusing on tax saving through smaller facilities.?GST is playing…

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Gold recovers on global cues, jeweller buying

Gold prices edged higher by Rs 15 to Rs 31,585 per 10 grams at the bullion market today, snapping its two day slide following a firm trend overseas coupled with pick-up in buying by the local jewellers.On the other hand,…

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Yen Bond Yielding 0.0000027% a Hit Amid Emerging-Market Rout

It must be tough out there in volatile emerging-debt markets. Overseas investors including Asian buyers this month bought a chunk of yen bonds from a Japanese highway operator yielding 0.0000027 percent.East Nippon Expressway Co. sold one-year notes at a coupon…

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UltraTech Cement estimates capex of Rs 2,500 cr for FY19

UltraTech Cement, part of the Aditya Birla Group, has estimated a capital expenditure of about Rs 2,500 crore for the financial year 2018-2019. This is for capacity expansion projects, waste heat recovery systems, regulatory requirements, plant infrastructure and routine maintenance,…

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Forex reserves fall by $3.03 bn to $410.070 billion

India?s foreign exchange reserves fell by $3.03 billion to $410.070 billion as on June 15, data from the Reserve Bank of India (RBI) show. Foreign currency assets, which form a key component of reserves, fell by $3.05 billion from the…

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India must bet big on logistics

India?s logistics sector is coming of age. With its new found infrastructure status and the GST giving tailwinds, it is all set for transformation. In addition, there is a lot happening in favour of this sector, which has resulted in…

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