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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...
PUBLISHED : 02-08-2021 03:57:42
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...
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....
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
PUBLISHED : 01-08-2021 01:12:45
BANKING AND FINANCE
SBI waives processing fee on home loans till August-end
The country’s largest lender State Bank of India (SBI) on Saturday announced waiving processing fee on home loans till August-end.Currently, the processing fee on home loans is 0.40 per cent....
PUBLISHED : 31-07-2021 18:30:07
NTPC profit rises 17 pc to Rs 3,443 cr in Apr-Jun quarter
State-owned power giant NTPC on Saturday posted a nearly 17 per cent rise in consolidated net profit to Rs 3,443.72 crore for the April-June quarter on the back of higher revenues.The consolidated ...
PUBLISHED : 31-07-2021 18:27:00
SFIO searches premises of Videocon Group cos
Following a government order, the SFIO conducted a three-day search operation at premises connected to the Videocon Group in at least five cities, including Delhi, Gurgaon, Mumbai, Aurangabad and A...
PUBLISHED : 31-07-2021 03:51:46
June core output jumps 8.9% on low base, high natural gas, ste...
The output of eight core sectors grew 8.9 per cent in June, mainly due to a low base effect and uptick in production of natural gas, steel, coal and electricity, official data showed on Friday.The ...
PUBLISHED : 31-07-2021 03:45:44
Reform-based scheme: Discoms get till Dec 31
Power distribution companies (discoms) looking to avail funds under the government’s Rs 3.03-lakh crore reform based scheme for discoms will have to submit plans to cut losses by the end of the c...
PUBLISHED : 31-07-2021 03:38:15
IndianOil, Petronas JV to foray into fuel, natural gas retail biz
Indianoil Petronas Private Ltd (IPPL) — a joint venture between state-owned Indian Oil Corporation (IOC) and Malaysian oil and gas company Petronas — is set to enter the fuel retailing and natu...
PUBLISHED : 31-07-2021 03:37:58
Credit offtake of large cos hit, MSMEs gain on ECLGS push
Get email alerts for your favourite author. Sign up hereWith the second wave of the Covid pandemic hitting corporates’ plans, credit offtake by India Inc contracted by 0.3 per cent to Rs 28,67,30...
PUBLISHED : 31-07-2021 03:36:21
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