Business news
- Business
CBDT issues refunds of over Rs 1.14 lakh crore
New Delhi: The Central Board of Direct Taxes (CBDT) said on Saturday that it has issued refunds of over Rs 1.14 lakh crore to more than 1.97 crore taxpayers between April 1…
- Business
TN Electricity Regulatory Commission to issue orders on power tariff revision soon
Chennai: The Tamil Nadu Electricity Regulatory Commission (TNERC) will soon be issuing orders of increase power tariff hikes proposed by the Tamil Nadu power utility, Tamil Nadu Generation and Distribution Company (Tangedco).…
- Business
Odisha registers 17% growth in gross GST collection in Aug
Bhubaneswar: The gross GST collection in Odisha has recorded 17.11 per cent growth in August 2022 against the collection made during August last year, officials said here on Friday. According to the…
- Business
Rupee falls 14 paise to 79.70 against US dollar in early trade
Mumbai: The rupee depreciated by 14 paise to 79.70 against the US dollar in opening trade on Friday, weighed down by strength of the American currency in the overseas market. At the interbank…
- Business
GST collections stood at Rs 1,43,612 cr in Aug
New Delhi: The gross GST revenue collections in August witnessed a 28 per cent jump year-on-year basis, as they stood at Rs 1,43,612 crore during the month. According to figures released by…
- Business
SpiceJet CFO resigns as airline reports net loss of Rs 789 crore
New Delhi: As SpiceJet recorded a net loss of Rs 789 crore, the airline’s Chief Financial Officer Sanjeev Taneja resigned on Wednesday. SpiceJet said in a regulatory filing, said that its Chief…
- Business
Tata Steel to implode obsolete unit at Jamshedpur
Chennai: Steel major Tata Steel Ltd on Wednesday said it will carry out a planned implosion, on September 4, of an obsolete unit at a coke oven that is not in operation in…
- Business
India’s Q1 GDP logs 13.5% growth, experts say lower than expected (Lead)
New Delhi/Chennai: India’s economic growth rose to 13.5 per cent in the first quarter of the current fiscal (2022-23), a huge jump from 4.1 per cent growth recorded in the final quarter…
- Business
Amazon India’s growth has come at a high cost while profitability remains elusive
New Delhi: Nearly a decade later, Amazon India’s report card is decidedly mixed, foreign brokerage Bernstein said in a report. India is often the dream prized market of many global internet companies,…
- Business
RIL announces plan to move into $100bn FMCG market
New Delhi: Reliance Industries Limited has announced its plan to move into the $100 billion FMCG market in FY2023, providing high-quality products at affordable prices. Morgan Stanley said in a report that…
- Business
Flipkart strengtens kirana deliveries with 2L new partners
Hyderabad: Ahead of festive seasons, Flipkart, India’s Homegrown e-commerce marketplace announced the strengthening of its kirana delivery with an onboard partner count of two lakhs. This will enable customers across the country…
- Business
Reliance plans Rs 2.75 lakh cr investment; prepares for larger battle with Adani group
Mumbai: Billionaire Mukesh Ambani on Monday announced a Rs 2.75 lakh crore investment plan to expand and diversify his USD 221 billion-empire by rolling out 5G services from October, adding capacity in…
- Business
Rupee ends 10 paise lower; touches all-time low of 80.13 against US dollar
Mumbai: The rupee ended 10 paise lower at 79.96 against the US dollar after touching an all-time low of 80.13 in early morning trade on Monday. The rupee breached the 80-to-a-dollar mark…
- Business
Mukesh Ambani outlines Next-Gen leadership roles at Reliance Industries
New Delhi: The 45th annual general meeting of Reliance Industries Limited (RIL) has set the stage for Next-Gen leadership. Mukesh Ambani, Chairman and Managing Director of RIL, laid emphasis on Next-Gen leadership…
- Business
Rupee falls to record low against US dollar
Mumbai: The Indian rupee fell sharply on Monday and touched the 80 mark against the US dollar after the Federal Reserve chair Jerome Powell’s hawkish speech. At 11 a.m., the rupee was…
