CATEGORIES

HC upholds GST on autos, buses booked via apps

THE DELHI HIGH Court has upheld the Centre's decision to levy GST on the services offered by auto-rickshaws or other non-air-conditioned carriages through electronic commerce operators like Uber.

Lamborghini launches ₹4.18-cr Urus S

ITALIAN SUPERCAR BRAND Lamborghini on Thursday launched the Urus S, which is the successor to the original Urus, one of the most expensive luxury SUVs in the country. The Urus S is priced at 4.18 crore (ex-showroom).

Vedanta gets nod to raise ₹2,100 cr

BOARD APPROVES ISSUANCE OF NCDs | Parent firm seeking to shore up funds to trim debt

Fintech funding shows early signs of recovery, hits $1.2 bn in Q1

INDIA'S FINTECH SPACE, considered to be the second-largest funded ecosystem after the US, witnessed an uptick in funding from the previous quarters.

Zee MD & CEO pays ₹51 lakh to settle insider trading case

ZEE ENTERTAINMENT ENTERPRISES MD and CEO Punit Goenka on Thursday settled with markets regulator Sebi a case of an alleged violation of insider trading norms after paying ₹50.7 lakh towards the settlement fee.

Viacom18 closes ₹15,145-cr deal with Bodhi Tree

A YEAR AFTER announcing a strategic partnership with Bodhi Tree Systems a platform promoted by James Murdoch's Lupa Systems and Uday Shankar, Viacom18, a 51:49 joint venture of Reliance Industies'TV18 and Paramount Global, on Thursday said that the deal worth ₹15,145 crore has been completed.

PV sales up 4.4% in March

DOMESTIC SALES - OR factory despatches to dealers of passenger vehicles (PVS) grew 4.47% yearon-year in March to 292,030 units, show data released by the Society of Indian Automobile Manufacturers (Siam) on Thursday.

Infy headcount falls by 3,611 in Q4; attrition slips to 21%

INFOSYS' TOTAL HEADCOUNT fell by 3,611 in the fourth quarter of FY23, with the country's second-largest IT company recording a total of 343,234 employees as of March end.

Truck, bus volumes to surpass FY19 peak

CV industry had hit a peak of 1 mn units in sales volume in FY19

Mustard rates stay below MSP

Cheaper edible oil imports hit prices

Russian crude imports to be hit

OPEC+ drive for higher prices lifting Moscow oil rate too

Wheat export ban to continue for now: Goyal

THE BAN ON exports of wheat will continue as India has to ensure adequate supplies of the food grain for its domestic market and keep the inflation at check, Union minister Piyush Goyal said on Thursday.

India Cements' scheme for IPL fans gets good response

INDIACEMENTS, Amajor cement company based in south India and principal sponsor of Chennai Super Kings has come out with a novel sales promotion scheme for consumers in Tamil Nadu during the current IPL season.

GSTN to ₹100-cr-plus businesses: Upload e-invoices within 7 days

BUSINESSES WITH ANNUAL turnovers of ₹100 crore and above will have to upload their electronic invoices on the Invoice Registration Portal (IRP) within seven days of their issuance from May 1, the Goods and Services Network (GSTN) has said.

CIL's coking coal output up over 17%

COAL INDIA ON Thursday reported a 17.2% rise in production of coking coal, helping cut on imports of the fuel that is an essential input for production of iron and steel.CIL said the output has risen to 54.6 million tonne in 2022-23, compared to 46.6 MT in FY22.

NTPC not to sell green arm's stake to Petronas

STATE-RUN NTPC HAS dropped the plan to rope in Malaysian energy giant Petronas as a strategic investor in its green energy subsidiary before its listing.

India to grow above 6% in FY24, but worried about global growth, says FM

STATING THAT INDIA is likely to grow over 6% this year, finance minister Nirmala Sitharaman on Thursday said she was still worried about the global economic outlook and geopolitical environment.

DIRECT TAX GROWTH IN THE FIRST DECADE MUCH SHARPER THAN SINCE

Even as net direct tax collections have risen to over ₹16.6 trillion in FY23, the pace of growth has slowed down over the last few years despite government efforts at widening the tax base, greater focus on compliance as well as measures to reduce tax evasion, including demonetisation of high value currency, reports Surabhi.

Adani case: Further action after decision by SC, Sebi report

GOVERNMENTAGENCIES AND the ministry of corporate affairs (MCA) will await the findings of the probe by the Sebi into the allegations around Adani Group before deciding on a further course of action.

NFRA debars Coffee Day Global’s auditor for 2 years, fines ₹1 crore

THE NATIONAL FINANCIAL Reporting Authority (NFRA) has barred ASRMP & Co, auditors of Coffee Day Global (CDGL), for two years after finding it guilty of audit lapses and \"professional misconduct\" in FY19.

IBC changes to focus on stability of framework

To guard against misuse of real estate insolvency

NPS gets traction in pvt sector

CONTRIBUTION, AUM RISE 22% IN THE LAST FISCAL

300 mn tune in to IPL on TV, digital views at 5.5 bn

BROADCASTER DISNEY-STAR ON Thursday said that over 300 million television viewers tuned in to watch the first 10 matches of the ongoing edition of the Indian Premier League (IPL) on its network, adding that this was 23% higher than last year. The IPL began on March 31.

Tata, M&M market share at 10-yr high

TATA MOTORS AND Mahindra & Mahindra (M&M) closed FY23 at a decadal best market share, together controlling nearly a quarter of the domestic car market, as heavyweights Maruti Suzuki and Hyundai reported a record slide in their shares.

Equity inflows at 12-month high, SIPS set new record

NET EQUITY INFLOWS into mutual funds for March were the highest in a year, while SIP contributions touched a new high, topping ₹14,000 crore in March.

Export slump sharpens, down 13.9% in March

INDIA'S MERCHANDISE EXPORTS plunged 13.9% on year in March to $38.4 billion, and imports contracted by 7.9% to $58.1 billion, official data showed on Thursday.

RBI assessing IDBI Bank bidders

Kotak Mahindra, CSB, Emirates NBD among potential candidates

Infosys follows TCS, misses Q4 Street estimates

Revenue guidance for next fiscal at 4-7%

Content rules quite strict in India: Musk

RESPONSE TO MODI DOCUMENTARY

RBI to stop banks from capitalising penal charges on loan defaults

THE RESERVE BANK of India (RBI) on Wednesday issued draft norms proposing to prohibit capitalisation of penal charges and additional interest levied by banks on customers for loan defaults, in a bid to streamline divergent practices followed by lenders.