Heatwave grip on May consumption, base-year effect cool GST growth
Business Standard|July 03, 2024
The single-digit growth of 7.7 per cent in goods and services tax (GST) collections in June points to the impact of the May heatwave on consumption, coupled with a base year effect, according to analysts.
AKSHARA SRIVASTAVA

The gross GST collection for June, reflecting transactions made in May, stood at ₹1.74 trillion, Business Standard reported on Monday. This year-on-year growth was notably less than the 12.4 per cent and 10 per cent increases recorded in April and May, respectively.

هذه القصة مأخوذة من طبعة July 03, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة July 03, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS STANDARD مشاهدة الكل
Business Standard

Creative ads drive brand sales, equity: Kantar

Creative advertisements that break the clutter are more likely to uplift short term sales for a brand, while also contributing to driving brand equity, says a new report from Kantar.

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1 min  |
July 05, 2024
Champs' day out: From PM house to Mumbai streets
Business Standard

Champs' day out: From PM house to Mumbai streets

An ocean of humanity greeted the victory parade of the T20 World Cup winning Indian team in South Mumbai's Marine Drive as thousands of passionate fans gathered to catch a glimpse of their favourite stars, bringing the traffic to a complete standstill.

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1 min  |
July 05, 2024
'Domestic flows will sustain, meaningfully' but not rise
Business Standard

'Domestic flows will sustain, meaningfully' but not rise

The Sensex hit a record intraday high of 80,000 on July 3. GAUTAM SINHA ROY, chief of equity funds at ICICI Prudential Life Insurance, tells Puneet Wadhwa in an email interview that going forward, earnings delivery, which remains strong, would be the key driver for stock returns with some moderation in valuations possible. Edited excerpts:

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2 mins  |
July 05, 2024
Lupin stock hits 8-year high on robust earnings outlook
Business Standard

Lupin stock hits 8-year high on robust earnings outlook

Firm has a bunch of products lined up which will ensure limited earnings dip in FY27: Analysts

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2 mins  |
July 05, 2024
Business Standard

Ireda's high valuation may limit further stock upside

State-owned Indian Renewable Energy Development Agency's (Ireda's) chairman and managing director Pradip Kumar Das has announced that the company has requested the government to allow it to carry out a follow-on public offer (FPO) as it will need further equity infusion to maintain the pace of growth.

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3 mins  |
July 05, 2024
Sebi Chair urges industry to report mischief in markets
Business Standard

Sebi Chair urges industry to report mischief in markets

Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch on Thursday urged market participants and industry officials to report bad practices or mischief in the market to avoid a \"heavy hand\" from the regulator.

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1 min  |
July 05, 2024
CJI advises Sebi, SAT to be cautious, pitches for more tribunal Benches
Business Standard

CJI advises Sebi, SAT to be cautious, pitches for more tribunal Benches

Chief Justice of India (CJI) D Y Chandrachud on Thursday advised market regulator Securities and Exchange Board of India (Sebi) and the Securities Appellate Tribunal (SAT) to exercise caution amid a significant surge in equity markets and pitched for more tribunal benches to ensure that the \"backbone is stable\".

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1 min  |
July 05, 2024
Sensex ends above 80,000 for first time
Business Standard

Sensex ends above 80,000 for first time

Equity benchmark indices Sensex and Nifty ticked higher to close at fresh all-time high levels on Thursday, following buying in market heavyweights ICICI Bank, Infosys, and TCS amid a largely positive trend in global equities.

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2 mins  |
July 05, 2024
Business Standard

Q1earnings growth needs to catch up with mkt valuation

Analysts say disconnect between earnings growth and stock prices more visible in SMIDS

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2 mins  |
July 05, 2024
Equity rally pushes MF AUM near ₹60 trn
Business Standard

Equity rally pushes MF AUM near ₹60 trn

Second straight quarter of close to double-digit growth

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2 mins  |
July 05, 2024