India's net direct tax collections experienced a slight decrease of 1.39% to Rs 4.59 lakh crore due to a significant surge in refund issuances, which rose by 58%. Gross direct tax collections saw a modest increase of 4.86%.
This article is authored by Anuj Budhiraja, vice president, Phillips Additive.
Authored by - Anup Wadhawan, former commerce secretary, Government of India and Arvind Singh, founder & chief executive officer, Quest OntheFRONTIER.
At the latest monetary policy meet, RBI Governor Sanjay Malhotra said the foreign exchange kitty was sufficient to meet 11 months of the country's imports and about 96% of external debt
Investors weigh potential market fallout if the US deepens its involvement in the Middle East conflict
However, more rainfall likely for India with spatial variability, says Somnath Baidya Roy
Amidst the escalating Iran-Israel conflict, Indian exporters are considering shifting cargo operations from Iran's Bandar Abbas port to the India-managed Chabahar port. This shift aims to mitigate potential disruptions to trade with Afg ...more
Kalpataru Ltd, a Mumbai-based real estate developer, is raising ₹1,590 crore through an IPO, with a major portion directed toward debt repayment and redevelopment projects
While high oil prices due to the ongoing crisis in the Middle East is a matter of concern, ‘it is still not something that is going to be significant in terms of impact,’ Chief Economic Adviser V. Anantha Nageswaran
Under the hood, nothing has been changed. It means it continues to use the same 1.5-litre, 4-cylinder petrol engine.
Earlier this week, promoter entity Samayat Services LLP had offloaded a 19.6% stake in the retail chain for ₹10,220 crore.
A steep rise in the cost of services and raw materials—up 9.9% YoY—was the main driver, offsetting gains from moderating employee cost growth.
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