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

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

01-09-2023  comments

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…

GDP growth will likely moderate in the quarters ahead

GDP growth will likely moderate in the quarters ahead

01-09-2023  comments

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)…

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

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

31-08-2023  comments

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…

Adani Group rejects OCCRP allegations on stock manipulation

Adani Group rejects OCCRP allegations on stock manipulation

31-08-2023  comments

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…

MediBuddy raises $18 mn for strategic acquisitions, continued expansion

MediBuddy raises $18 mn for strategic acquisitions, continued expansion

30-08-2023  comments

New Delhi (IANS) Digital healthcare platform MediBuddy on Wednesday said it has secured additional funding of $18 million from existing investors Quadria Capital, Lightrock and TEAMFund.

In February 2022, MediBuddy raised $125 million during…

Nifty gives up all its gains to close flat

Nifty gives up all its gains to close flat

30-08-2023  comments

Mumbai (IANS) Domestic equities started on a strong note on the back of positive global cues.

However, they witnessed profit booking in the last hour, leading to Nifty giving up all its gains and closing flat at 19,347 points, up 0.02 per cent…

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

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

30-08-2023  comments

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…

Indian IT industry expected to grow 3-5% revenue in 2024, lower than 2023: Report

Indian IT industry expected to grow 3-5% revenue in 2024, lower than 2023: Report

29-08-2023  comments

New Delhi (IANS) The Indian IT industry is expected to see moderate revenue growth of 3 to 5 per cent in FY2024, lower than 9.2 per cent (year-on-year) growth in FY2023, a new report said on Tuesday.

According to the credit rating agency ICRA,…

GalaxEye develops drone-based SAR

GalaxEye develops drone-based SAR

29-08-2023  comments

Chennai (IANS) City-based space sector start-up GalaxEye Space Solutions Pvt Ltd on Tuesday claimed it has developed a drone-based synthetic aperture radar (SAR).

According to GalaxEye, the inhouse developed data fusion technology will deliver…

Sensex up more than 100 points in morning trade

Sensex up more than 100 points in morning trade

29-08-2023  comments

New Delhi (IANS) BSE Sensex is up 101 points in trade at 65,097 points in Tuesday morning trade.

Among the top Sensex gainers are Jio Financial, Tech Mahindra, Powergird and JSW Steel up over 1 per cent in trade. Bharti Airtel is down by more…

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