Business and financial news
Indicating a rise in business activity, the Gross Goods and Services Tax (GST) revenue for the month of March 2024 witnessed the second highest collection ever at Rs 1.78 lakh crore with a 11.5 per cent year-on-year growth.
Extending rally for the third session the BSE Sensex on Monday spurted 363.20 pts to close at 74014.55 on renewed buying in Realty, Metal and Commodities stocks amid strong global cues.
On the first day of the new financial year, the stock market zoomed over 500 points on Monday, with the BSE Sensex opening at 74177.87, up by 526 points, in the opening session on strong global cues.
India's foreign exchange reserve jumped for the fifth straight week to touch the all-time high figure of $642.631 billion in the week ending on March 22, media reports said.
Key markers point to the Indian economy remaining buoyant at the end of FY 2023-24 with Purchasing Manager’s Index (PMI) for manufacturing increasing and that of services maintaining a robust trend, according the Monthly Economic Review for March, released by the National Council of Applied Economic Research (NCAER) on Sunday.
Telecom giant AT&T has said it found personal data of 73 million current and former customers have been leaked on the dark web two weeks ago.
Indian payment platform PhonePe App users travelling to the UAE can now make payments using UPI at Mashreq’s NEOPAY terminals, available across retail stores, dining outlets, as well as tourist and leisure attractions.
New Delhi: The Centre on Friday said that traders/wholesalers, retailers, big chain retailers, and processors in all states and Union Territories have to declare their stock position of wheat.
Washington: The United States witnessed a moderate increase in prices, while the expenses for services excluding housing slowed notably, indicating the possibility of a Federal Reserve interest rate cut in June.
New Delhi: The Government e-Marketplace (GeM) has registered a notable surge in the total value of orders placed for goods and services by government entities, public sector units, and ministries.
The Reserve Bank of India on Friday announced Rs. 2000 currency note will not be exchanged or accepted on April 1 due to operations associated with the Annual Closing of Accounts.
Mumbai/UNI: Honda Motorcycle & Scooter India (HMSI) announced on Thursday that it has accomplished a historic achievement of 6 crore domestic sales in India.
New Delhi: India's fiscal deficit for the period between April and February of FY24 amounted to Rs 15.01 lakh crore, nearly 86.5 percent of the target set for the entire financial year.
New Delhi: Driven primarily by coal, cement and crude oil production, India's core sector comprising of eight key infrastructure components grew 6.7% year-on-year in February 2024, as per data released by the Ministry of Commerce and Industry on Thursday.
Mumbai: In a first-ever collaboration between competing billionaires, Reliance Industries, led by Mukesh Ambani, has acquired a 26 percent stake in a Madhya Pradesh power project belonging to Gautam Adani.
Mumbai: The Reserve Bank of India (RBI) has announced that the exchange or deposit of Rs 2,000 banknotes will not be available on Monday, April 1, 2024, at its 19 issue offices nationwide.
Mumbai: The Adani family has injected Rs 6,661 crore into Ambuja Cement, elevating its stake in the company to 66.7%.
Mumbai: The State Bank of India (SBI) has updated the yearly maintenance fees for specific debit cards.
New Delhi: Hyderabad-based pharmaceutical major Dr. Reddy’s Laboratories Limited (DRL) on Wednesday announced an exclusive partnership with Sanofi Healthcare India Private Limited to promote and distribute Sanofi’s vaccine brands across the country.
New Delhi: India's gold imports are likely to drop in March by over 90% compared to the previous month, reaching the lowest point since the onset of the COVID-19 pandemic, media reported.
Mumbai: Global brokerage firm Morgan Stanley on Wednesday increased its GDP growth forecast for India in FY25 to 6.8 percent, up from the previous estimate of 6.5 percent.
New Delhi: The government is planning to borrow Rs 7.5 lakh crore through market borrowing between April and September 2024-25 to bridge the revenue gap and stimulate economic growth, the finance ministry said on Wednesday.
New Delhi: The Competition Commission of India (CCI) has approved the 100% acquisition of Lanco Amarkantak Power Limited by Adani Power Limited.
Mumbai: Pharma companies Sanofi India and Cipla Limited on Tuesday announced an exclusive partnership for the distribution and promotion of Sanofi India’s Central Nervous System (CNS) product range in India.
New Delhi: India's current account deficit lessened to $10.5 billion or 1.2 percent of the GDP in the October-December quarter, from $11.4 billion in the preceding three months and $16.8 billion a year earlier, Reserve Bank of India (RBI) said on Tuesday.
Anand (Gujarat): Amul, the largest dairy cooperative in the world, has entered into a partnership with a 108-year-old dairy association to introduce its fresh, branded milk in the United States, media reports said.
Bengaluru/IBNS/UNI: Union Finance Minister Nirmala Sitharaman has refuted the Karnataka government's claim regarding the release of 'special grants' recommended by the 15th Finance Commission.
India’s direct taxes have experienced a significant and sustained increase in growth over the time. The Gross Direct tax collection for the year 2023-24 (as on March 17, 2024) registered an increase of 18.7% over the corresponding period last year (2022-23).
New Delhi: The Central government is planning to conduct another auction for lithium reserves in Jammu and Kashmir as part of a third round, media reported citing sources.
New Delhi: State Bank of India’s Internet Banking Service channels—Yono Lite, Yono Business Web & Mobile App, YONO and UPI will be down on Saturday, March 23, 2024, according to the SBI website.
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