CATEGORIES

GST collection at Rs 1,67,929 lakh crore in November 2023, highest growth of 15% y-o-y

The Government’s goods and services tax revenue collection for November 2023 has recorded the highest growth rate of 15 per cent year-on-year at ₹1,67,929 lakh crore, crossing the ₹1.60 lakh crore mark for the sixth time in FY 2023-24, on increased domestic activity and festive season buying.

LOW AGRI, SERVICES, PVT FINAL CONSUMPTION GROWTH A WORRY FOR ECONOMISTS, ANALYSTS

India’s double-engine fired growth of 7.6 per cent in the July-September quarter of FY2023-24 led by a stronger manufacturing and construction output growth (on the supply side) and on the demand side a robust pickup in fixed investment and government consumption amidst global conflicts, supply chain disruptions and economic slowdown has defied expectations with industry, analysts and experts clutching at various rationale behind this performance.

Amazon Pay introduces sign language video KYC service

Amazon Pay unveiled a groundbreaking video sign language Know Your Customer (KYC) service on Friday, catering specifically to customers with special needs.

Bombay High Court Ordered Department To Refund tax Deposited By HSBC Under protest

The Bombay High Court in the case The Hongkong and Shanghai Banking Corporation Versus Union of India observed and has ordered the department to refund the tax deposited by HSBC under protest

BMC successfully trials Gokhale bridge girder launch

The Brihanmumbai Municipal Corporation (BMC) achieved a successful trial launch of the first Open Web Girder (OWG) for the Gopal Krishna Gokhale bridge in Mumbai’s Andheri on Friday.

Man sentenced to 10 years RI for sexually assaulting six-year-old neighbour

A special court in Maharashtra’s Thane district has sentenced a man to 10 years of rigorous imprisonment for sexually assaulting a six-year-old girl.

ALLAHABAD HIGH COURT: PIL MOVED CHALLENGING THE ORDER OF UP GOVT'S REVISING WAGES OF PRISONERS

The Allahabad High Court in the case observed wherein the Public Interest Litigation, PIL is moved wherein challenging the order of Uttar Pradesh Government’s revising the wages of prisoners.

INDIA PRESENTED EXCELLENT EXAMPLE OF BALANCE BETWEEN ECOLOGY, ECONOMY": PM MODI

Prime Minister Narendra Modi highlights India's exemplary balance between ecology and economy at COP28, emphasizing commitment to NDC targets and urging global climate action

FMCG giants boost ad budgets to drive volume growth

Major FMCG players are ramping up their advertising and promotional (A&P) expenditures to drive volume growth, responding to heightened competition from smaller regional brands, according to analysts.

CIL'S COAL OUTPUT UP 11.5 PER CENT TO 460 MT TILL NOV' FY2024

In the past month, CIL's production increased by 8.7 per cent growth, reaching 66 million tonnes (MT) from 60.7 million tonnes (MT) in the corresponding month of previous fiscal

RS 9,760 CRORE WORTH OF RS 2,000 NOTES STILL IN CIRCULATION

From Rs 3.56 lakh crore to just Rs 9,760 crore, the circulation of Rs 2,000 banknotes plummeted after the May 19, 2023 withdrawal, yet they retain legal tender status.

Universities revving up for 6G

The Department of Telecommunications (DoT) has recently initiated steps to prepare the Indian education system for the upcoming era of 6G technology.

UPI transactions hit new high of Rs 17.4 trillion

In November, the Unified Payment Interface (UPI) in India surged to a new pinnacle in terms of transaction value, hitting Rs 17.4 trillion, marking a 1.4% increase from October’s Rs 17.16 trillion.

India's forex reserves surge by $2.538 billion to $597.935 billion

India’s foreign exchange reserves increased USD 2.538 billion to USD 597.935 billion for the week ended November 24, the Reserve Bank said on Friday.

Industry steps up to support India's low-carbon future

The Climate Finance Leadership Initiative India (CFLI India) revealed a groundbreaking financial initiative aimed at channelling over $6.5 billion to bolster India’s transition towards low-carbon and climate-resilient development.

Foreign investors flock to Indian bonds, reached a 6-year high

Foreign investment in Indian government bonds soared in November, reaching its highest level in six years ahead of their inclusion in JPMorgan’s emerging market index next year.

ATF PRICE CUT BY 4.6 PER CENT, COMMERCIAL LPG HIKED BY RS 21

Earlier in October, the windfall tax on crude oil had been raised to Rs 9,800 per tonne from Rs 9,050. Notably, the windfall tax on aviation turbine fuel, previously at Rs 1 per litre, was removed at that time.

2 held with mephedrone worth Rs 10.9 lakh in Navi Mumbai

The Navi Mumbai police have arrested two persons after seizing mephedrone, a banned drug, worth Rs 10.90 lakh from their possession, an official said on Thursday.

7 bodies recovered from fire-hit chemical unit in Surat

A day after Lengulfed manufacturing a major fire a chemical facility in Gujarat's Surat city, bodies of seven missing workers were recovered from the premises in the early hours of Thursday, officials said.

ELGAR PARISHAD CASE: NIA OPPOSES ACTIVIST SHOMA KANTI SEN'S MEDICAL BAIL PLEA IN SC

The NIA Thursday strongly opposed Elgar Parishad-Maoist links case accused Shoma Kanti Sen's plea seeking interim bail on health grounds, saying she was suffering from general ailments and there was nothing special about it.

BOMBAY HIGH COURT: TENANTS' LIMITED RIGHT TO SEEK BUILDING REPAIR CANNOT BE OBLITERATE LANDLORD'S RIGHT TO REDEVELOP IT

The Bombay High Court in the case Anandrao G Pawar v. The Municipal Corporation of Greater Mumbai and Ors., observed and has held that the tenants cannot stretch their limited right to reconstruct or repair a dilapidated building in order to obstruct the property owner or the landlord from redeveloping his property.

India-UN development p'ship fund spurs 76 projects in 54 global south nations: UNGA Prez

United Nations General Assembly President Dennis Francis has congratulated India and the United Nations Office for South-South Cooperation for six years of collaborative partnership.

How Indian techies will benefit from US H-1B renewal pilot programme

In a move designed to streamline visa processes for a substantial number of Indian tech workers, the United States is set to launch a pilot program in December for the domestic renewal of specific categories of H-1B visas.

SBP ANNOUNCES EXTENSION OF $3B SAUDI DEPOSIT FOR ANOTHER YEAR

The Kingdom of Saudi Arabia extends term for a USD 3 billion deposit placed with Pakistan to support Pakistan's economy

Bumper stock mkt debut for Tata Technologies

In a historic return to the initial public offering (IPO) arena, Tata Technologies, a prominent Tata Group entity, made an exceptional stock market debut on Thursday, leaving investors jubilant with a staggering 140 percent premium over its issue price. This IPO marks a significant milestone as the first public offering by a Tata Group company in two decades, with Tata Consultancy Services being the last to go public back in 2004.

Netflix to bring GTA Trilogy on its mobile application

Netflix has announced that the Grand Theft Auto Trilogy- The Definitive Edition will be available for playing on Netflix mobile app on iOS and Android devices from 14 December.

Whirlpool plans to sell 24 per cent ownership in India biz

In a recent regulatory filing, leading American home appliances manufacturer, Whirlpool Corporation, has revealed its intention to sell up to a 24% stake in its Indian subsidiary, Whirlpool of India Ltd, in 2024. The move is part of the company's strategic initiative to raise funds for debt reduction and enhance its overall financial standing.

BAIN & COMPANY PREDICTS DOUBLING OF RETAIL BROKING REVENUES IN 5 YRS

Indian retail brokerage industry's revenues have already doubled Rs 14k crore in FY19 to Rs 27,000 crore last fiscal-an annualised growth of 17 percent.

Tata power to expand Kanpur's EV charging infrastructure

In a groundbreaking iniCharging Solutions Ltd (TPEVCSL), a subsidiary of Tata Power Group, has joined hands with the Kanpur Municipal Corporation to introduce 12 electric vehicle (EV) charging stations across strategic locations in Kanpur.

Chennai's infrastructure development drives progress

Chennai is undergoing a Chennai mation as authorities execute a range of innovative projects aimed at reshaping the city under the Smart Cities Mission.