India’s GST revenue collection saw an increase of 9.9% year-over-year, reaching Rs 1.96 lakh crore in March. The breakdown shows Central GST at Rs 38,100 crore, whilst State GST reached Rs 49,900 crore. The Integrated GST amounted to Rs 95,900 crore, and GST cess collections totalled Rs 12,300 crore for March.Abhishek Jain, Indirect Tax Head…
The market will closely observe the effects of reciprocal tariffs beginning April 2 and their impact on worldwide commerce. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in trade on Tuesday morning. While BSE Sensex plunged over 350 points, Nifty50 went below 23,450. At 9:17 AM, BSE Sensex…
NEW DELHI: Oil firms have reduced the price of 19 kg commercial LPG cylinders by Rs 41, effective from Tuesday. The retail price for a 19 kg commercial LPG cylinder in Delhi now stands at Rs 1,762.Previously, on February 1, commercial LPG cylinder prices saw a reduction of Rs 7.The oil companies conduct regular LPG…
April 2025 Bank Holidays List: The RBI issues an annual state-specific calendar detailing official bank holidays throughout the year. These holidays differ across states due to various national, regional and religious celebrations observed in India.Multiple bank holidays are scheduled for April 2025 across various states. These include celebrations of Mahavir Jayanti, Ambedkar Jayanti, Good Friday,…
IndiGo’s parent company, InterGlobe Aviation, faces a Rs 944.2 crore penalty imposed by the Income Tax department for the Assessment Year 2021-22. The company described the order as erroneous and plans to pursue legal remedies, stating it will not significantly impact its financials, operations, or other activities. The dispute arises from an appeal still pending…
NEW DELHI: Foreign investors have infused nearly Rs 31,000 crore in Indian equity markets in the last six trading sessions primarily due to attractive valuations, appreciation in the rupee and improvement in macroeconomic indicators. The re-emergence of FPIs as buyers contributed to a smart recovery of about 6% in benchmark index Nifty, reflecting renewed confidence…
NEW DELHI: Punjab National Bank (PNB) , the country’s second largest public sector lender, is set to step up its focus on customer service as well as retail, agriculture and MSME lending, while targeting corporate loans that give higher returns, the bank’s new MD and CEO Ashok Chandra told TOI.Chandra, who took over in Jan,…
NEW DELHI: Yes Bank on Saturday said it has received a demand notice of Rs 2,209 crore for the assessment year (AY) 2019-20. The said AY was reopened by the income tax department in April 2023, Yes Bank said in a regulatory filing. The reassessment order was passed by the National Faceless Assessment Unit of…
NEW DELHI: Wiser by the initial experience with production-linked incentive (PLI) scheme, govt is now looking at a more comprehensive approach for champion sectors, complete with a package for inputs, skilling and other aspects.Govt sources told TOI that ministries that were pitching for new sectors under the PLI scheme have been asked to go back…
NEW DELHI: The implication of April 2 reciprocal tariffs on global trade, trends in overseas markets and trading activity of foreign investors will dictate equity investors’ sentiment in a holiday-shortened week ahead, according to analysts. Stock markets would remain closed on Monday for Eid-Ul-Fitr. Source link
