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Friday, May 03, 2024 | Last Update : 05:23 PM IST

Business

India's GST Collections Soar, Cross Rs 2-Lakh Crore Mark

Regarding sales targets, Mehta said a strategic approach, focusing on branding and marketing for the next 3-4 months.

Amul fresh milk to debut in US, target NRIs, Asians

Union Finance Minister Nirmala Sitharaman with Union Minister of Parliamentary Affairs Pralhad Joshi during a press conference, in New Delhi, Wednesday, Feb. 7, 2024. (PTI Photo)

No cuts in Interim Budget allocations: Nirmala

The listed fintech major will also not be allowed to accept deposits, credit transactions or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, National Common Mobility Cards (NCMC) other than any interest, cashbacks, or refunds.

RBI Bars Paytm Bank from Offering Banking Services After February 29

The government has announced a substantial subsidy of Rs 24,420 crore on Phosphatic and Potassic (P&K) fertilisers for the upcoming kharif season, ensuring the stability of retail prices for key soil nutrients such as Diammonium Phosphate (DAP).

Union Cabinet approves subsidies for fertilisers

Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Budget session of Parliament, in New Delhi, Thursday, Feb. 8, 2024. (PTI Photo)

NDA revived economy after UPA mess: Centre

As per reports Hong Kong’s market capitalization dropped to $4.29 trillion on Monday, while India's market cap stood at $4.33 trillion. India’s market cap had crossed $4.5 trillion recently but has been falling since then on profit taking.

India emerges fourth largest stock market

The IMF on Monday released its annual Article IV consultation with India, according to which the South Asian country, underpinned by prudent macroeconomic policies, is on track to be one of the fastest-growing major economies in the world this year. (Photo- AFP)

IMF Sees India Adding 16% to Global Growth

The House also approved an additional outgo of Rs 9,200 crore spending by the Ministry of Petroleum and Natural Gas. (PTI File Image)

LS Gives Nod for Additional Cash Outgo of Rs 58,378 Crore

The Sensex closed at 69,928 after touching a high of 70,057.83 gaining 102.93 points or 0.15 per cent while Nifty-50 closed at 20,997.10 up 27.70 points or 0.13 per cent after hitting intra-day high of 21026.10. (PTI)

Sensex hits 70K-mark, Nifty touches 21K-level

ED notice to Byju’s for Rs 9K-cr fraud

As per the statement, refunds amounting to Rs 2.48 lakh crore have been issued from April 1, 2023 to January 10, 2024.

Net Direct Tax Collection Surges by 19%

The highest-ever revenue from Goods and Services Tax (GST) was recorded in April 2023 at Rs 1.87 lakh crore, while in September, it was Rs 1.63 lakh crore. (DC File Image)

GST Collections Rise 13 pc to Rs 1.72 Lakh Cr in October; Second Highest-ever

Currently, the MSP of wheat stands at Rs 2,125 per quintal for the 2023-24 marketing season (April-March). (Representational image: AFP)

Govt hikes wheat MSP by Rs 150 to Rs 2,275 per quintal for 2024-25

The government notifies the interest rate on small savings schemes, majorly operated by post offices, every quarter.

Government Increases Interest Rate on 5 Year Recurring Deposit Scheme

Columns

Sanjeev Ahluwalia

Sanjeev Ahluwalia | Will ‘Robin Hood’ taxes be the answer for India?

Political discourse swirls around the dilemma of wealth tax policy in India

Dilip Cherian

Dilip Cherian | The silence of empty chairs in the corridors of MP govt bodies

Chief Minister's minimalist approach leaves key commissions vacant

Devi Kar

Devi Kar | Let’s scrap board exams, it’s ruining India’s young

Critique of exam-centric education system urges for reforms to preserve childhood and promote holistic learning

Bhopinder Singh

Bhopinder Singh | Amid talk of India’s rising global role, not even a whisper on China intrusion

Amid Foreign Policy Successes, China's Assertiveness Remains Conspicuously Absent from Political Discourse

Economy

RBI hints at end to low interest regime in June

Central bank may shift its focus to taming inflation

In 2020, the government had infused Rs 12,000 crore in some companies which are holding about 40 per cent market share in the general insurance space. Representational Image. (PTI)

Insurers pruning branch networks

The government's focus has now shifted more towards consolidation and profitability than expansion, and hence, the restructuring exercise

Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during Budget Session of Parliament, in New Delhi, Friday, Feb. 10, 2023. (PTI Photo)

FM says new tax regime has been made 'very attractive'

Nirmala said the Budget focuses on middle class, employment generation, MSMEs, agriculture sector, rural population, health and green growth

Total petroleum product consumption in March stood at 19.41 million tonnes, the highest since March 2019, data from the Petroleum Planning and Analysis Cell of the oil ministry showed. (Representational Image/ PTI)

India's fuel sales hit 3-year high in March

Fuel demand in the fiscal year ending March 31, 2022 was up 4.3 per cent at 202.71 million tonnes, the highest since FY20

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2022-23 in the Lok Sabha, at Parliament, in New Delhi. (Photo: PTI)

Budget 2022: Highest GST collections, no tax reforms for salaried class

The finance minister began the presentation by expressing empathy to those who died due to COVID-19

Market

The increase in fuel inflation despite government measures to curb domestic petrol and diesel prices taken a few months ago, is a concerning factor. — DC File Image

Inflation falls for 3rd month

There has been a marginal slowdown in output in almost all the segments, including manufacturing

Petrol price was hiked by 30 paise per litre and diesel by 35 paise a litre. (PTI Photo)

Fuel price hike: Mumbai becomes first metro city to see diesel price cross Rs 100

The price of petrol in Delhi rose to its highest-ever level of Rs 103.84 a litre and Rs 109.83 per litre in Mumbai

All but one stocks on the Nifty PSU Bank gained on Tuesday. (Photo: PTI/File)

Shares of PSU banks gain

The Nifty PSU Bank Index gained 3.08 per cent on Tuesday

RBL MD & CEO Vishwavir Ahuja went on "medical leave" and the Reserve Bank of India (RBI) appointed Yogesh Dayal as an additional director on the bank's board. (Bloomberg)

RBL Bank slumps 20 pc on leadership changes

The sudden action from the central bank raises fears about asset quality and the overall health of the bank

Companies

Built on WhatsApp Business Platform, the partnership will expand access to Uber's mobility services in one of the company's largest international markets, it was stated. (Photo: Agencies)

Uber, WhatsApp announce partnership to launch ride-booking via WhatsApp in India

The first roll out on a pilot basis will take place in the northern city of Lucknow first, and will be expanded to other Indian cities soon

Sabeer Ahluwalia (on the left) with Neil Shaw. (AA Image)

Eastern India gets a private jet club - Yaqoot Air Charter

The private jets will provide air strips in exotic locations that are usually not covered by regular airlines

Amazon, which is trying to block Asia’s richest man Mukesh Ambani from taking over the struggling Future retail chain, alleged last week that money from the local firm may have been diverted to other companies. (Bloomberg)

India’s anti-money laundering agency summons Amazon

We are in receipt of summons issued by the ED in connection with the Future Group, an Amazon spokesperson said

The LIC IPO would be the biggest IPO in the history of Indian stock market. (Photo: PTI)

Sebi approves LIC draft papers; clears decks for mega IPO

The IPO is offer for sale (OFS) by Government of India and there will be no fresh issue of shares by LIC

With high volatility in the equity market, contrarian player Life Insurance Corporation of India (LIC) has chosen to buy more stocks and sell less — DC File Image

LIC net buys Rs 34,000 cr stocks in Q1

The public sector behemoth booked Rs 5,076 crore equity profit during April-June against Rs 11,368 crore a year ago

Autos

Hydrogen champion Hyundai races to electric as Tesla takes off. (AFP Photo)

Hyundai vs Tesla: Hyundai race to produce electric cars as Tesla takes off

No traditional automaker has been successful yet in catching up with Tesla, which retains an edge in battery and software technology

Ashok Leyland resumes production. (PTI Photo)

Ashok Leyland resumes production across India

The commercial vehicle major will be ensuring all the necessary health and safety protocols with regard to COVID-19 in its facilities

India's car sales plunge amid lockdown

Government last week sent India into a 21-day lockdown to try to curb the spread of the virus, forcing automakers to suspend manufacturing

BMW losses almost $800 million as sales slide during lockdowns. (AFP Photo)

BMW records first loss since 2009 as pandemic hits sales

The company reported an operating loss of 666 million euros, compared with an operating profit of 2.1 billion euros in 2019

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