GDP growth will likely moderate in the quarters ahead

New Delhi (IANS) Going ahead, GDP growth will likely moderate in the quarters ahead, Emkay Global Financial Services said in a report.

Falling income growth in the urban sector, shrinking corporate profitability, fading momentum in (front-loaded)…

GST revenue likely to be 11% higher in August on year-on-year basis, says revenue secretary

New Delhi (IANS) Even as the goods and services tax collections figures for August 2023 are to be released on Friday, the Centre has said that GST revenues for the month have shown 11 per cent growth over August 2022.

Revenue secretary Sanjay…

Curious share transfer case involving Axis Bank, Max Financial referred to RBI, SEBI: IRDAI

Chennai (IANS) Indian insurance regulator has referred the curious case of Axis Bank and two other group companies buying shares of Max Life Insurance Company Ltd at a very low rate from shareholders/promoters of the insurer and selling them back…

Nifty makes significant gains on positive PMI, GDP data

Mumbai (IANS) Domestic markets made significant gains buoyed by favourable global cues, a higher-than-expected domestic manufacturing PMI, and positive GDP growth data, said Vinod Nair, Head of Research at Geojit Financial Services.

This robust…

Optiemus, Corning to manufacture finished cover glass parts for mobiles in India

New Delhi (IANS) Homegrown Optiemus Infracom Limited and US-based Corning International Corporation on Friday announced a joint venture to set up India’s first manufacturing facility for producing high-quality finished cover glass parts for the mobile…

GST collections for August at Rs 1,59,069 crore, 3.6% lower than July

New Delhi (IANS) The gross GST revenue collected in August stood at Rs 1,59,069 crore, which was 3.6 per cent less than Rs 1,65,105 crore collected in July.

The figure was, however, 11 per cent higher than the GST collections of August 2022,…

Mirae Asset looking to acquire India’s 9th largest brokerage Sharekhan

New Delhi (IANS) South Korea’s leading asset manager Mirae Asset Financial Group aims to enhance its presence in India by acquiring Sharekhan, the Southeast Asian country’s ninth-largest brokerage firm, Korea Economic Daily reported.

Bidders…

Adani Group rejects OCCRP allegations on stock manipulation

New Delhi (IANS) The Adani Group has rejected the OCCRP report alleging stock manipulation.

“We categorically reject these recycled allegations. These news reports appear to be yet another concerted bid by Soros-funded interests supported by…

Reliance Capital resolution plan all set to clear its final hurdle on Friday

Mumbai (IANS) The Resolution of Reliance Capital is all set to get a green signal from NCLT as the tribunal is going to consider the Hinduja Group company IIHL's resolution plan for admission tomorrow.

The Rs 10,000 crore resolution plan…

SoftBank likely sold 10 cr shares in Zomato for Rs 947 cr, stock up

New Delhi (IANS) Around 10 crore shares of online food delivery platform Zomato, amounting to an 1.17 per cent of the company’s equity, changed hands on Wednesday at a total deal value of around Rs 947 crore.

Japanese company SoftBank’s SVF…