Mumbai (Maharashtra) [India], July 18: India's leading local search engine, has reported its highest-ever financial results, demonstrating exceptional growth and robust financial health for the first quarter of FY25. The company achieved a record revenue of Rs. 280.6 crores, marking a signif
This fiscal boost comes as India reaches a historic financial milestone. The total market capitalization of all stocks listed on the Bombay Stock Exchange (BSE) briefly surpassed USD 5 trillion for the first time, placing India among global giants such as the US, China, Japan, and Hong Kong.
The Index of Industrial Production (IIP) increased by 5.9 per cent year-on-year in May, up from 5.0 per cent in April, reflecting a healthy surge in industrial activity.
The net direct tax collection of the government registered a significant growth of 19.54 per cent in financial year 2024-25, amounting to Rs 5,74,357 crore by July 11, highlighted the data by the income tax department.
Ahmedabad (Gujarat) [India], July 12: GTPL Hathway Limited, India's largest Digital Cable TV Service Provider and a leading Broadband Service provider, announced its Financial Results for the Quarter ending June 30, 2024.
The Gross Merchandise Value (GMV) of orders at the Government e Marketplace (GeM) has clocked at Rs 1,24,761 Lakh crore at the end of first quarter (April-June).
According to a press release, the company's assets under management (AUM) surged by 59 per cent year-on-year, reaching Rs 69,018 crores. Revenue grew by 38 per cent to Rs 245 crores, while profit before tax (PBT) increased by 40 per cent to Rs 99
The SBI report adds that the various avenues of income for the government such as corporate tax, income tax, customs duty, excise duty, Goods and Services Tax, Net tax revenue, and non-tax revenue have shown a better than estimated revenue collections not only in FY24 but also in the first t
Concurrently, the Eight Core Industries Index expanded by 6.5 per cent year-on-year in the first two months of FY25, buoyed primarily by increased activity in essential sectors such as coal, natural gas, and electricity.
The capital market activity in June was marked by lower G-Sec supply and increased Foreign Portfolio Investor (FPI) inflows, supported by index inclusions, which helped prevent crowding-out effects. Bank credit continued its strong growth momentum, exceeding 15 per cent year-on-year as of mi
The growth in FY25 is expected to be driven by higher Electric Vehicle (EV) sales supported by the Electric Mobility Promotion Scheme 2024, the expectation of interest rate cuts in the second half of FY25, and strong demand for new model launches.