GST collections surge 9.1 pc YoY to Rs 1.84 lakh crore in Feb

New Delhi (IANS) India’s Goods and Services Tax (GST) collections in February grew by 9.1 per cent (year-on-year), reaching approximately Rs 1.84 lakh crore, according to official data released on Saturday. 

This marks the 12th consecutive…

Mahindra clocks 19 pc growth in SUV sales in Feb, tractor sales also up 19 pc

Mumbai (IANS) Mahindra & Mahindra on Saturday announced that its overall auto sales for the month of February stood at 83,702 vehicles, a growth of 15 per cent, including exports. 

In the ‘Utility Vehicles’ segment, Mahindra sold 50,420 SUVs…

$533 mn loan fraud case: US Bankruptcy Court rules against Byju's

New York (IANS) A Bankruptcy Court in the US on Friday issued a summary judgement against Riju Ravindran, Think & Learn (the parent company of Byju’s), and the hedge fund Camshaft Capital, finding them guilty of fraudulent transfer of $533 million…

Sensex crashes 1,414 pts, Nifty ends at 22,125 amid US trade tariff fears

Mumbai (IANS) The Indian stock market on Friday witnessed a sharp sell-off as weak global cues and trade tensions weighed on investor sentiment and both the domestic benchmark indices ended the day with heavy losses. 

The Sensex plunged 1,414…

Nifty slips below 22,250, Sensex tumbles over 1,000 pts over US tariff fears

Mumbai (IANS) The Indian stock market crashed on Friday on weak global cues, with the Sensex and Nifty falling over 1.26 per cent in the morning trade, as US President Donald Trump created a stir in the global markets with the announcement of trade…

EV maker Kinetic Green’s losses surge 11 times to Rs 77 crore

Mumbai (IANS) Electric vehicle maker Kinetic Green faced a major financial setback in FY24, with its losses widening 11 times to Rs 77 crore as compared to the Rs 7 crore in the previous year (FY23). 

The biggest contributor to its rising losses…

Regulatory violations in India’s pharma sector fell 11pc in 2024

New Delhi (IANS) India’s pharmaceutical industry has witnessed a sharp drop of 11 per cent in regulatory violation instances in 2024, according to a report. 

The regulatory violation instances which entail Official Action Indicated (OAI) tag…

SpiceJet's revenue nosedives 36 pc in Q3, losses deepen to Rs 441 crore in Q2

New Delhi (IANS) Low-cost airline SpiceJet has reported a sharp decline (on-year) in its revenue in the October-December quarter (Q3 FY25) to Rs 1,178.7 crore from Rs 1,850.4 crore in a year-ago period (Q3 FY24). This decline came despite a rise in…

SEBI proposes new method to prevent stock manipulation in derivatives market

Mumbai (IANS) The Securities and Exchange Board of India (SEBI) has proposed a major change in the way open interest (OI) is calculated in the equity derivatives market. 

In a statement, the regulator suggested moving to a ‘Future Equivalent’…

Maruti Suzuki India begins commercial production at Kharkhoda facility in Haryana

New Delhi (IANS) In a further boost to domestic manufacturing, Maruti Suzuki India on Tuesday said it has started commercial production at its Kharkhoda facility in Haryana. 

The foundation stone for this facility was laid by the Prime Minister…