Business News

ECONOMY

GST revenue surges past Rs 1 lakh crore in economy uptick

The gross Goods and Services Tax (GST) collections in July (for sales in June) rebounded over the Rs 1-lakh-crore mark to Rs 1,16,393 crore, data released by the Finance Ministry on Sunday showed.G...

Read More PUBLISHED : 02-08-2021 03:57:42

BUSINESS OTHERS

Growth, inflation weighing, MPC may hold rates

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is likely to keep key policy rates unchanged this week amid concerns over growth, inflation and the potential third Covid wave...

Read More PUBLISHED : 02-08-2021 03:28:42

Input costs, slow sales crimp India Inc profits

From Biocon, Maruti Suzuki, Nestle, Dr Reddy’s Labs and TVS Motors to a host of smaller companies like Crompton Greaves and Rallis, results for Q1FY22 have barely met the Street’s expectations....

Read More PUBLISHED : 02-08-2021 03:28:38

Fertiliser sales down on erratic monsoon rains

Retail sales of fertilisers have fallen 12.4 per cent in April-July over the corresponding four months of last year. All major nutrients have posted lower sales: urea (minus 12.8 per cent), di-ammo...

Read More PUBLISHED : 02-08-2021 03:26:43

Venugopal Dhoot moves NCLAT against Twin Star’s Videocon tak...

Venugopal Dhoot, former promoter of Videocon Group, has moved before the NCLAT, challenging an order of the insolvency court NCLT approving Rs 2,962 crore takeover bid by Anil Agarwal’s Twin Star...

Read More PUBLISHED : 02-08-2021 03:26:22

Fuel demand picks up in July, petrol back to pre-Covid level

The country’s fuel demand picked up in July as easing of pandemic-related restrictions accelerated economic activity, helping petrol consumption reach pre-Covid levels, preliminary sales data sho...

Read More PUBLISHED : 02-08-2021 00:30:01

Leading auto makers post double-digit sales growth in July

Auto majors, including Maruti Suzuki India, Hyundai and Tata Motors, on Sunday reported high double-digit growth in their domestic passenger vehicle sales in July riding on stabilisation of macro-e...

Read More PUBLISHED : 01-08-2021 18:31:36

Adani floats company for petrochemical foray

Billionaire Gautam Adani’s ports-to-energy conglomerate has floated a new subsidiary that will set up refineries, petrochemical complexes and hydrogen plants – businesses that will dire...

Read More PUBLISHED : 01-08-2021 15:30:03

India’s appeal against Vodafone arbitration award in sen...

Indian government’s appeal against a verdict of an international arbitration tribunal that overturned its demand for Rs 22,100 crore in back taxes from Vodafone Group Plc has been transferred...

Read More PUBLISHED : 01-08-2021 11:22:04

PV sales could recover to 2019 levels, but third wave still a ...

Going by the auto sales in the first six months of calendar year 2021, auto analysts forecast that the passenger vehicle (PV) segment could touch the CY19 levels by the end of this year.Even if tha...

Read More PUBLISHED : 01-08-2021 01:35:08

Rising streak halts: Fall in currency assets pulls forex reser...

The forex reserves, after a steady run of gains over the past few weeks, posted a decline of $1.581 billion to slide to $611.149 billion for the week ended July 23, data from the RBI showed. In the...

Read More PUBLISHED : 01-08-2021 01:26:22

IDFC First Bank logs Rs 630-cr Q1 loss on Covid provisioning

IDFC First Bank on Saturday reported a net loss of Rs 630 crore in the April-June quarter due to provisioning measures for cushioning the impact of the second wave of the Covid-19 pandemic.The bank...

Read More PUBLISHED : 01-08-2021 01:22:23

NTPC Q1 profit up 27.3%

NTPC Ltd, the country’s largest power generator with an installed capacity of 66,885 MW, on Saturday posted a net profit of Rs 3,145.63 crore for the June quarter of FY22 as against Rs 2,470.16 c...

Read More PUBLISHED : 01-08-2021 01:15:42

India-suited, low cost mobile products: IT Min contest seeks i...

Aiming to improve indigenous designing of electronic equipment which is more suited to uses for domestic customers, the Ministry of Electronics and Information Technology has invited local companie...

Read More PUBLISHED : 01-08-2021 01:12:45