Mumbai (Maharashtra) [India], June 1: The Indian financial sector witnessed a momentous deal in July 2021 when Sumitomo Mitsui Financial Group (SMFG) acquired a 74.9% stake in Fullerton India Credit Co. Ltd. from Fullerton Financial Holdings Pte. Ltd. The deal was concluded in November 2021.
Oil marketing companies generally revise the LPG prices on the first day of every month. The prices of domestic cooking gas vary from state to state depending on local taxes.
In a statement, Finance Minister, Kailash Gahlot said, "Trade and Taxes department plays an important role in the government. The revenue collections of GST and VAT combined was more than Rs 34,000 Crores in 2022-23 while this year we expect remarkable growth in the collection."
The ministry said an amount of Rs 59,140 crore has been transferred to state governments as devolution of share of taxes by the Centre up to April 2023.
Patanjali Foods has posted a 12.49 per cent rise in its profit after tax to Rs 263.71 crore for the quarter ended March 31, 2023, against Rs 234.43 crore in the year-ago period.
Younis Haji Al Khouri, Undersecretary of the Ministry of Finance, said, "The new decisions aim to simplify the process of determining taxable income in addition to providing tax relief for intra-group transfer of assets or liabilities between members of the same qualifying group or when carr
"On May 27, 8-10 people posing as Income Tax officials stole 17 gold biscuits, worth Rs 60 lakh, from a shop named Siddhivinayak in Monda Market. The 4 accused persons have been arrested. Seven gold biscuits have been recovered from them. Other accused are at large but will be arrested soon,
Nine more DMK supporters were arrested at Karur for preventing IT officials from doing their duty, informed the police, adding that a total of 19 persons have been arrested in the matter, so far.
New Delhi [India], May 30: Power Finance Corporation (PFC) on Saturday posted an over 44 per cent jump in its consolidated net profit to Rs 6,128.63 crore in March quarter, mainly on the back of higher revenues. The consolidated net profit of the company was Rs 4,295.90 crore in the quarter
The Division bench of Justice Satish Chander Sharma and Justice Subramonium Prasad on Tuesday reserved the order in the matter after noting down the submissions of petitioner and repondents. The RBI has opposed the plea stating that Rs 2000 note continues to be legal tender.
According to the company, its revenue went up 61.3 per cent to Rs 6,038 crore for the quarter ended March 31, 2023, against Rs 3,743.7 crore in the corresponding period the previous year.
The delegation included Saeed Mubarak Al Hajri, Assistant Minister for Economic and Trade Affairs; Abdullah Al Mazrouei, President of the Federation of UAE Chambers of Commerce and Industry, and a large number of senior representatives from ministries and companies from the public and privat