CBDT mops up Rs 6L cr in direct tax collection so far
The Government has so far mopped up Rs 6 lakh crore or less than 50 per cent of the total tax collection target of Rs 13.35 lakh crore for the current fiscal, a senior official said. Efforts are being made to achieve the target set in the Budget, Central Board of...
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Raids on BMC contractors unearth Rs 735-crore financial irregularities: I-T dept
15 November 2019 | PTI -
Promoters’ feud has ‘zero impact’ on IndiGo: CEO
15 November 2019 | PTI -
AGR hit: Vodafone Idea Q2 loss at `50,921 cr
15 November 2019 | PTI -
Bharti Airtel posts staggering `23,045 crore net loss in Q2 after AGR provisioning
15 November 2019 | PTI -
Business Corner
15 November 2019 | PNS -
Govt eases norms for opening bank account for migrants with Aadhaar KYC
15 November 2019 | PTI -
Deadline for filing GST annual returns extended; forms simplified
15 November 2019 | PTI
Moody’s lowers GDP forecast to 5.6 per cent
After cutting India’s sovereign ratings recently, Moody’s Investor Services on Thursday also cut India’s growth forecast to 5.6 per cent for the calendar year 2019 for reasons of subdued consumer demand, along with sluggish liquidity supply. The US ratings multinational revised downwards its growth forecast for India to 5.6 per cent...
Vedanta Q2 profit rise 61% to `2,158 crore
(): Mining baron Anil Agarwal-led Vedanta Ltd on Thursday posted a 60.6 per cent rise in consolidated profit to Rs 2,158 crore for the quarter ended September 30. The company had posted a consolidated profit “attributable to owners of Vedanta Ltd” of Rs 1,343 crore in the year-ago period, Vedanta said...
Rupee logs 1st gain in 6 days; recuperates 13 paise
The Indian rupee on Thursday clocked its first gain after five sessions, closing 13 paise higher at 71.96 against the US dollar in line with domestic equities. A day after plunging below the psychological 72-level in over two months, the domestic currency opened on a positive note. As forex market participants...
Gadkari suggests leather export industry to develop clusters in backward areas
Union Minister Nitin Gadkari on Thursday suggested the leather export industry to develop clusters in backward areas as they can get land and manpower at affordable prices, with a view to boost shipments. The Road Transport and Highways and MSME Minister said the government can think of giving incentives to such...
Benchmark indices close in green on rate cut hopes
Market barometers Sensex and Nifty on Thursday ended higher after swinging between gains and losses during the day as participants hoped for further easing of repo rate to boost consumer sentiment amid macro-economic challenges. At the closing bell, the 30-share BSE Sensex settled 170.42 points, or 0.42 per cent, higher...
Retail inflation may average at 4% in FY20: SBI report
(): Surplus rainfall in August and September is likely to keep food and vegetable prices elevated going forward, and retail inflation may average at around 4 per cent in FY20, an SBI research report said. In October, inflation based on the Consumer Price Index (CPI) spiked to a 16-month high of...
Wholesale inflation slowed to 0.16% in October
Wholesale inflation slipped to about three-and-a-half-year low of 0.16 per cent in October on account of a decline in prices of manufactured goods though food products remained dearer, government data showed on Thursday. The previous low was in June 2016 when the Wholesale Price Index (WPI)-based inflation was a negative 0.1...
