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REC subsidiary signs MoU with Gujarat Govt. for Smart Metering project
REC has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social & Commercial Infrastructure
No immediate oil prices cut in domestic market: Minister
The minister highlighted that oil marketing companies (OMCs) have incurred losses due to the high crude prices in the international market.
Toys to account for significant portion in Walmart’s USD 10 billion exports target from India:…
Compared to 2014-15, toy imports have dipped 52 per cent and exports rose by 239 per cent in 2022-23.
Most Asian markets fall as Fed minutes dent early rate cut hopes
The global rally that characterised last months of 2023 has petered out at the start of new year, owing to worries the buying may have run a little ahead of itself, leading traders to take a breather.
PFC signs MoU with Gujarat Govt. for Power Projects worth Rs. 25,000 Crore
Gandhinagar: Power Finance Corporation Ltd. (PFC), a Maharatna CPSE and the country’s leading NBFC in the power sector, signed an MoU with the Government of Gujarat (GoG) on January 3.
The MoU has been signed by Smt. Parminder Chopra,…
Sales of homes costing up to Rs 50 lakh dip 16 % last year; total sales hit 10-yr high: Report
The overall sales reached a 10-year high, driven by higher demand in the mid-income and luxury home segments.
More IPOs, less money: 17 per cent drop in IPO funding in 2023
53 of the 57 IPOs are trading above the issue price (closing price of 1st January, 2024) with an average return of 46%.
Delhi HC grants time to Vivo officials to respond to ED plea against release in money laundering…
Additional Solicitor General argued that the trial court order was "totally perverse" and the matter required urgent adjudication, whereas the counsel for the accused sought time to file their case.
Gold price closes in on alltime high, futures up Rs 208 to Rs 63,528/10g
Globally, gold futures went up by 0.54% to USD 2,083 per ounce in New York, closing in on the alltime high of $2,135 due to expectations that the US Federal Reserve will soon start cutting rates
GST revenue rises 10% in December to Rs 1.65 lakh cr
Average monthly collection for 2023-24 comes at Rs 1.66 lakh crore
Govt hikes windfall tax on crude oil to Rs 2,300
India first imposed windfall profit taxes on July 1 2022, joining a growing number of nations that tax supernormal profits of energy companies.
Low oil price to benefit India’s trade, current account balance – Goldman Sachs
India's current account deficit will fall to $39 billion, or 1% of the GDP, this year, said Goldman Sachs, from 2% billion in FY23. It had earlier predicted a CAD of 1.3%.
REC signs MoU with RVNL, to finance Infrastructure Projects
New Delhi: REC Limited , a power sector Maharatna enterprise has signed an MoU with RVNL to finance upto Rs. 35,000 Crore for Infrastructure Projects to be executed by RVNL over the next 5 years. These projects constitute multi…
I-T dept sees 9% rise in ITR filings for AY2023-24
It said the adoption of digital e-pay tax payment platform, TIN 2.0, on the e-filing portal throughout fiscal year 2023-2024 has streamlined the process.
LIC receives Rs 806 crore GST demand
The total tax demand includes Rs 365 crore as GST demand, Rs 404.8 crore as penalty and Rs 36 crore as interest.
HFCL gets Rs. 1,127 crores order to deploy BSNL’s Optical Transport Network
The partnership will cover the entire spectrum of activities, including supply, installation, commissioning, and maintenance of OTN.
Record 8.18 crore ITRs filed for AY 2023-24 till December 31: Income Tax Department
This is 9 per cent more than the total Income Tax Returns (ITRs) filed for 2022-23, the CBDT said in a statement.
GST collections rise 10 per cent to Rs 1.64 lakh crore in December
During the April-December 2023 period, gross Goods and Services Tax (GST) collection witnessed a robust 12 per cent growth.
Nearly 97.38 per cent Rs 2,000 notes returned to banking system; Rs 9,330 crore still with public:…
On May 19, the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation.
Govt procures 25,000 tonnes of kharif onion so far for buffer stock
The government has raised the buffer stock target to 7 lakh tonnes for the 2023-24 fiscal, against the actual stock of 3 lakh tonnes last year.