According to a statement from the ministry of finance, the net direct tax collections -- which included tax collected from individuals and corporations -- exceeded the Budget Estimates (BE) by 16.97 per cent and the Revised Estimates (RE) by 0.69 per cent.
Bangalore (Karnataka) [India], April 1 (ANI/NewsVoir): Greaves Electric Mobility Private Limited (GEMPL), the e-mobility business of Greaves Cotton Limited, has achieved over 1 lakh retail sales of its brand "Ampere" electric 2-wheelers in FY23. In a year full of milestones, Ampere has more
Noida Uttar Pradesh [India], March 17 (ANI/PNN): MovieMax, known for its cinema viewing experience with theatres all across the country, including tier 2, is expanding its business with acquiring more screens throughout the country. With opening two multiplexes back to back in Bikaner and Hy
The rating agency opines that the transmission of monetary policy in the banking system could intensify in FY24 driven by the sharp rise in bank's marginal cost of funding.
The provisional figures of direct tax collections continue to register steady growth and also said it registered 22.58 per cent higher than the gross collections for the corresponding period of last year.
A SBI Research report said India's FY24 GDP growth is likely to be higher than the threshold 6 per cent. The report, titled Ecowrap, added though some reports indicated that there may not be a one-to-one correspondence between El Nino and Indian droughts, the recent fears seem misplaced.
The ministry of statistics and programme implementation has maintained that economic growth of the country slowed to 4.4 per cent in the October-December quarter 2022.
The ministry also released the revised estimate of economic growth for FY 2021-22 at 9.1 per cent.
Mumbai (Maharashtra) [India], February 25 (ANI/PNN): Reliance General Insurance Co. Ltd., India's 5th largest Private General Insurance Company, has been registering consistent profitable growth and healthy solvency for the past eight consecutive years. For the nine months ended on 31st Dece
Mumbai (Maharashtra) [India], February 24 (ANI/NewsVoir): Fullerton India Credit Company Limited (Fullerton India), one of the leading NBFCs in the country, reported a profit of Rs 551 crores for the third quarter of FY23. Total Disbursals stood at Rs 19,500 crores, a jump of 41% companies t
Kochi (Kerala) [India], February 22 (ANI/NewsVoir): KLM Axiva Finvest, the country's leading financial services firm, reported a 52.07 per cent growth in the revenue of Rs 203.91 crore (Q3 FY23) from Rs 134.09 crore in the previous quarter of FY23. The brand secured a standalone profit of Rs
According to Business Recorder, the State Bank of Pakistan (SBP) on Monday reported that the country has fetched FDI amounting to USD 683 million during July-Jan of FY23 as against USD 1.22 billion in the same period of last fiscal year (FY22).
According to Ministry of Home Affairs, this will help in encouraging people to stay in their native locations in border areas and reversing the out-migration from these villages adding to improved security of the border.