Latest news with #GrantThorntonBharatLLP
Time of India
18-05-2025
- Business
- Time of India
Repurposed school bldgs help in boosting women's incomes
Ranchi: Over 35,000 women entrepreneurs and self-help groups across five districts benefited from repurposed govt assets, primarily unused school buildings, which are eventually used for economic and administrative activities. The initiative, led by Grant Thornton Bharat LLP (GTB) with support from the Gates Foundation and in collaboration with the Jharkhand State Livelihood Promotion Society (JSLPS) under its PALASH programme, is helping women achieve sustainable, women-led development. Currently, the initiative benefits women in 15 blocks across Ranchi, Ramgarh, Hazaribag, Bokaro, and Seraikela Kharsawan. The programme has repurposed more than 50 such assets into hubs of economic empowerment and social cohesion. The initiative converts vacant or abandoned primary school buildings into offices, training centres, storage facilities, and processing units. These spaces provide safe, cost-free environments for community-based organisations such as producer groups, cluster level federations, farmer producer organisations, and village organisations. Khurshida, a participatory resource person from Raghunathpur village, Chanho block, Ranchi, said, "Earlier, we used to operate our cluster-level federation office from a rented room for Rs 1,800 per month. It was congested and inadequate for holding meetings. We now have a spacious, rent-free building for our activities. The saved amount is being reinvested in printing registers for SHGs and village organisers. We're also planning to offer sewing and beautician training for local women." Anamika Sinha, a consultant at Grant Thornton Bharat LLP, said, "We've reached five districts and plan to expand further. The journey began with an asset-mapping pilot in Katkamsandi block of Hazaribag, which successfully demonstrated the potential of leveraging existing public infrastructure to support rural women's entrepreneurship. Encouraged by the outcomes, the initiative was scaled up with vital support from the rural development and education departments of the state govt, which provided approvals for the reallocation of unused school buildings. "
New Indian Express
13-05-2025
- Business
- New Indian Express
US-China tariff deal may undercut India's trade advantage
With the US and China reaching an agreement to significantly reduce tariffs on each other's imports, India may lose the edge it had gained from the earlier imposition of reciprocal duties. The US had initially levied an additional 26% tariff on imports from India—much lower than the 145% imposed on Chinese goods. At the time, the view was that this skewed tariff structure could help India attract manufacturing operations shifting out of China. However, on Monday, China and the US reached a deal under which the US will cut tariffs on Chinese imports from 145% to 30%, while China will reduce duties on US products from 125% to 10%. These reductions will not impact any sector-specific tariffs or exemptions that existed prior to April 2, 2025. Currently, Indian goods face a 10% baseline duty in the US, after Washington decided to pause the 26% reciprocal tariff for 90 days. The narrowing of this tariff gap could intensify competition for Indian exporters. 'It could entail stark competition for Indian exporters considering the narrowing of the tariff gaps between Chinese and Indian exports,' says Krishan Arora, Partner and Leader, India Investment Advisory Services at Grant Thornton Bharat LLP. He adds that India Inc must now revisit its production and logistics costs and develop more efficient value chains to remain competitive in export markets. Since the US ramped up tariffs on Chinese imports to 145%, India had hoped to benefit from the high tariff differential. iPhone maker Apple had even announced that the majority of iPhones sold in the US during the April–June 2025 quarter would be manufactured in India, fueling hopes that a broader shift of manufacturing from China to India was underway. However, with the new US-China trade deal, that shift now seems uncertain. 'While low-investment assembly operations may linger in India for now, deeper manufacturing—the kind that builds real industrial ecosystems—may stall or even return to China,' says Ajay Srivastava, Founder, Global Trade Research Initiative (GTRI). Meanwhile, Deepanshu Mohan, Professor of Economics at OP Jindal Global University, says an immediate reorientation of supply chains was unlikely, even under the earlier high-tariff regime. He adds that export-competitive manufacturing in India remains limited, and expecting significant gains from reciprocal tariffs was not realistic.
&w=3840&q=100)
Business Standard
08-05-2025
- Business
- Business Standard
Zaggle shares jump 9% on entering agreement with Grant Thornton Bharat
Zaggle share price: Shares of Zaggle Prepaid Ocean Services gained 9.2 per cent, logging an intraday high at ₹355 per share on BSE. The buying on the counter came after the company entered into an agreement with Grant Thornton Bharat LLP (Grant Thornton). At 11:45 AM, Zaggle shares were trading 7.46 per cent higher at ₹349.1 per share on the BSE. In comparison, the BSE Sensex was up 0.05 per cent at 80,789.18. The market capitalisation of the company stood at ₹4,685.1 crore. The stock touched its highest level on December 17, 2024, at ₹597 per share. The 52-week high of the stock was at ₹597 per share and the 52-week low of the stock was at ₹235 per share. In the past one year, Zaggle shares have gained 11 per cent as against Sensex's rise of 10 per cent. Zaggle Prepaid order details The company inked an agreement with Grant Thornton Bharat LLP (Grant Thornton). The contract is to be executed in three years. "This is to inform you that Zaggle Prepaid Ocean Services Limited (Zaggle), has entered into an agreement with Grant Thornton Bharat LLP (Grant Thornton)," the filing read. Grant Thornton will offer the Zaggle Spend Management platform to its corporate clients and large enterprises. Grant Thornton will offer the Zaggle Spend Management platform to its corporate clients and large enterprises. About Zaggle Prepaid Incorporated in 2011, Zaggle is a uniquely positioned player in the FinTech industry, offering a diversified suite of products and company is a recognized leader in spend management, having issued over 50 million prepaid cards in partnership with leading banks and serving a user base of more than 3 million. Zaggle's portfolio features a range of SaaS-based solutions, including software for expense management, payments, and rewards, designed to address a broad spectrum of enterprise and user touchpoints.
Business Standard
08-05-2025
- Business
- Business Standard
Zaggle Prepaid jumps on bagging order
Zaggle Prepaid Ocean Services jumped 6.05% to Rs 344.50 after the company said it entered into an agreement with Grant Thornton Bharat LLP (Grant Thornton). Under the terms of the agreement, Grant Thornton will act as a channel partner, offering Zaggle's flagship Spend Management platform to its roster of corporate clients and large enterprises. The partnership is set for a duration of three years. Zaggle Prepaid Ocean Services is a fintech company that offers spend management solutions, including prepaid cards and SaaS tools for expense, payments, and rewards automation. The company's consolidated net profit surged 29.8% to Rs 19.75 crore while revenue from operations zoomed 68.9% to Rs 336.89 crore in Q3 December 2024 over Q3 December 2023.
