Centre plans to make geotagging, biometrics mandatory to identify fake business entities

New Delhi (IANS) To curb the practice of fake GST invoices and bogus entities, the central government is planning to make geotagging of addresses of all companies mandatory.

Also there are plans to make biometric authentication mandatory for…

Tomato-nomics: Tomato price may come down soon

Chennai (IANS) Last month, common man saw red in Tomato -- not only its colour, but also its price as it touched the stars owing to lower production, said a report by Bank of Baroda.

The good news is that with the arrival of the July-November…

High-performance fragrances, eco-friendly liquid detergents to steer India’s fabric care growth story

New Delhi (IANS) Indian mothers believe powder detergents have superlative features, however brands can push this cohort to try liquid detergents by focusing on clothing protection claims, a consumer research by global market intelligence firm Mintel…

GST collections rise 3% in June to Rs 1,61,497 crore

New Delhi (IANS) The gross GST revenue collected in June witnessed a meagre 2.80 per cent rise to Rs 1,61,497 crore, compared to Rs 1,57,090 crore collected in May.

Out of the GST collected in June, CGST was Rs 31,013 crore, SGST was Rs 38,292…

Maruti Suzuki sold 1.59 lakh units in June, lower than April and May figures

Chennai (IANS) Passenger car major Maruti Suzuki India Ltd closed June selling 159,418 units which was lower than it sold in April and May 2023 but higher than the sales numbers of June 2022.

According to Maruti Suzuki, it sold 159,418 units…

Sensex jumps 800 points to record highs on FII buying, monsoon progress

New Delhi (IANS) Buoyancy in global markets and the advance of monsoon lifted Indian stock markets to new highs with the BSE Sensex surging by more than 800 points on Friday.

Domestic equities continued their northbound journey after a day’s…

Strong showing by auto, tech stocks drives Sensex to fresh highs

New Delhi (IANS) Auto and IT stocks are in the limelight as the BSE Sensex traded up more than 500 points on Friday.

The Sensex is well past the 64,000 mark and breaching new highs on strong global cues.

Among the Sensex stocks, M&M…

Slowdown expected in consumption, real estate which could disrupt retail lending boom

New Delhi (IANS) An expected slowdown in consumption and/or residential real estate in FY24 could unsettle credit growth in the country, Motilal Oswal Financial Services said in a report.

“We expect the slowdown in private consumption to be…

Indian economy presents picture of resilience, robust financial system boosting growth: RBI document

New Delhi (IANS) The Indian economy presents a picture of resilience, supported by strong macroeconomic fundamentals, the Reserve Bank of India's (RBI) financial stability report has said.

The report, which is a half-yearly report card…

MCX extends software service pact with 63 moons for one more time

New Delhi (IANS) After failing to execute its project management of technology migration, the Multi Commodity Exchange of India Limited (MCX) has extended its software service support arrangement with 63 moons technologies for six months one more…