Govt’s firm stand on buying Russian oil saves $8 billion in India’s import bill
New Delhi, May 1 - India's strategy of continuing to buy cheap oil from Russia despite Western pressures against these purchases has resulted in the saving of around $7.9 billion in the country's oil import bill during the first 11 months of the
GST demand notices contributing to burgeoning GST collections
New Delhi, May 1 - An increasing number of GST demand notices being issued to companies is contributing to the burgeoning GST collections.
Ola Electric captures over 52 pc market share in EV 2-wheeler segment in April
New Delhi, May 1 - Bhavish Aggarwal-led Ola Electric on Wednesday announced that it has captured over 52 per cent market share in the electric vehicle (EV) two-wheeler segment in April.
Godrej family to continue joint biz for Vikhroli real estate project in Mumbai
Mumbai, May 1 - Godrej & Boyce, the owner-developer, and Godrej Properties, the development manager, announced on Wednesday that the two companies will continue their association for land development in Vikhroli.
Maruti Suzuki India begins pre-booking of Epic New Swift at Rs 11K per unit
New Delhi, May 1 - Leading carmaker Maruti Suzuki India on Wednesday started the pre-bookings of the 4th generation Epic New Swift at Rs 11,000 per unit.
GST collections scale record high of Rs 2.1 lakh crore in April
New Delhi, May 1 - The country's gross GST revenue collection for April this year soared to the highest ever level at Rs 2.10 lakh crore, Finance Minister Nirmala Sitharaman announced on Wednesday.
Govt cuts windfall tax on crude oil, ONGC, OIL India Ltd to gain
New Delhi, May 1 - The Government has cut the windfall tax on crude oil to Rs 8,400 a metric ton from Rs 9,600 with effect from Wednesday as part of its fortnightly revision.
India’s per capita GDP growing faster than peers, reverses pre-2014 falling trend
New Delhi, April 30 - Apart from India taking the big leap from the fragile five to the world's top five economies based on GDP in the last 10 years of the Narendra Modi government, an analysis by experts based on IMF data
India woos foreign investors for big push to critical minerals sector
New Delhi, April 30 - Invest India on Tuesday highlighted the huge business opportunity for critical mineral processing in the country to foreign investors with details of fiscal and non-fiscal incentives being offered to push growth in the sunrise sector.
Adani Ports & SEZ secures AAA rating – India’s 1st in private infra development space
New Delhi, April 30 - Adani Ports and Special Economic Zone Limited (APSEZ), one of the largest profit contributors for the Adani Group, has been upgraded to AAA rating by Care Ratings.
India’s gold demand rises 8 pc in Jan-March despite soaring prices
Mumbai, April 30 - India's gold demand rose to 136.6 tons in the January-March quarter which represents an 8 per cent increase over the same quarter of the previous year, according to figures released by the World Gold Council (WGC) on Tuesday.
Himansh Verma: Former 19-yr-old millionaire who built Navrattan a billion dollar company
New Delhi, April 30 - In a groundbreaking move, Himansh Verma, the visionary founder of Navrattan Group, headquartered in Mumbai, is set to revolutionise India's infrastructure.
Govt bonds worth Rs 28,000 crore coming up for auction on Friday
New Delhi, April 29 - The Finance Ministry on Monday announced the sale of Government bonds worth Rs 28,000 crore scheduled for Friday (May 3) in three lots through a price-based auction using the multiple price method.
RBI tells banks to stop charging extra interest on loans as probe shows unfair practices
Mumbai, April 29 - The Reserve Bank of India (RBI) on Monday directed banks and NBFCs to immediately review their practices to ensure that they are fair and transparent in the interest they charge customers as several instances have been detected where excessive
Travel & tourism sector expected to add over 58 mn jobs in India by 2033: Report
New Delhi, April 29 - The travel and tourism sector in India, which registered remarkable growth post the Covid-19 pandemic, is expected to add 58.2 million jobs by 2033 throughout the country, a new report said on Monday.
Govt to auction another 20 critical mineral blocks soon
New Delhi, April 29 - The government plans to put up another 20-odd critical mineral blocks for auction in the next round by the end of June, Secretary of the Ministry of Mines VL Kantha Rao said on Monday.
AdaniConneX establishes India’s largest sustainability linked financing to raise up to $1.44 billion
Ahmedabad, April 28 - In a bid to accelerate digital infrastructure growth in India, AdaniConneX, a JV between Adani Enterprises and EdgeConneX, on Sunday said it has established the country’s largest sustainability-linked financing to raise up to $1.44 billion.
Govt allows export of 99,150 tonnes of onion to 6 countries
New Delhi, April 27 - The government has allowed the export of 99,150 metric tonnes of onion to six countries -- Bangladesh, UAE, Bhutan, Bahrain, Mauritius and Sri Lanka, the Ministry of Consumer Affairs said on Saturday.
ICICI Bank posts 17 per cent rise in Q4 net profit at Rs 10,707cr; declares dividend of Rs 10 per share
Mumbai, April 27 - The country's second-largest private sector lender ICICI Bank, on Saturday reported a 17.38 per cent increase in net profit to Rs 10,707 crore for the January-March quarter of the financial year 2023-24, compared to the corresponding figure of Rs
Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO
New Delhi, April 27 - Yes Bank saw a key growth in unified payments interface (UPI) transactions monthly -- from nearly 3.3 to 5 million -- after its partnership with Paytm, its Managing Director and CEO, Prashant Kumar, said on Saturday.