UPI transactions soar to all-time high of Rs 17.16 lakh crore in Oct

New Delhi (IANS) Unified Payment Interface (UPI) transactions soared to an all-time high of Rs 17.16 lakh crore in October with a 9 per cent increase from Rs 15.8 lakh crore in September this year, according to data.

In volume terms also the…

GST revenue in Oct rise 5% to Rs 1,72,003 cr over September

New Delhi (IANS) The gross GST revenue in October rose by 5.7 per cent to Rs 1,72,003 crore from Rs 1,62,712 crore in September.

Of the Rs 1,72,003 crore GST collections, Rs 30,062 crore was CGST, Rs 38,171 crore was SGST, Rs 91,315 crore (including…

India cuts crude imports from Russia, buys more from Saudi in Oct

New Delhi (IANS) India’s crude oil imports from Russia fell by more than 4 pe rcent in October compared to September, according to figures compiled by energy cargo tracker Vortexa.

India imported 1.55 million barrels per day (bpd) of crude…

Rupee faces headwinds

Mumbai (IANS) The Indian rupee is facing headwinds as higher yields on US bonds and rising crude oil prices in the global market have firmed up the demand for dollars.

According to market analysts, while the Reserve Bank of India (RBI) has…

Prices of commercial LPG cylinders surge by over Rs 100, second hike in a month

New Delhi (IANS) The Oil marketing Companies on Wednesday increased the prices of commercial LPG cylinders by Rs 101.5 which are effective from November 1 itself.

As per the revised rates, a 19 kg LPG cylinder will now be Rs 1,833 from Rs 1,731…

Tata Consumer Products Q2 PAT Rs 267.79 crore, to amalgamate three subsidiaries with itself

Chennai (IANS) Closing the second quarter of FY24 with higher net profit, food and beverages company Tata Consumer Products Ltd on Tuesday said it will amalgamate three of its subsidiaries for efficient management.

In a regulatory filing, Tata…

Core sector industries clock 8.1% growth in September

New Delhi (IANS) The combined Index of Eight Core Industries, including cement, coal, steel, and electricity, increased by 8.1 per cent in September 2023 as compared to September 2022, according to official figures released by the Commerce and Industry…

Colgate Palmolive gets transfer pricing order with income tax liability of Rs 170 crore

New Delhi (IANS) Colgate Palmolive India has received a Transfer Pricing Order from the Income Tax Authority for the Assessment Year 2021-22 with income-tax liability of Rs 170 crore.

The order disallowed certain international transactions…

Nifty ends higher for second consecutive day

Mumbai (IANS) Nifty ended higher for the second consecutive session on Monday.

At close, Nifty was up 0.49 per cent or 93.7 points at 19140.9. Volumes on the NSE were the lowest since October 9, said Deepak Jasani, Head of Retail Research,…

Lenskart acquires AI-based computer vision startup Tango Eye

New Delhi (IANS) Lenskart on Monday announced the acquisition of Tango Eye, an AI-based computer vision startup.

With this acquisition, Lenskart plans to use visual artificial intelligence technology in improving store experience as well as…