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Metro Brands to focus on sales, not profit this year; offer more discounts
The company management told the analysts that this year it would focus more on driving sales than on improving its profit margins, and this could lead to an increase in discounted sales.
Microsoft CEO says unfair practices by Google led to its dominance as a search engine
Nadella said Google's dominance was due to agreements that made it the default browser on smartphones and computers.
Markets fall in early trade on unabated foreign fund outflows
The 30-share BSE Sensex fell 347.09 points to 65,481.32. The Nifty declined 117.3 points to 19,521.
Crude oil imports from Russia rebound in September
The data also noted that India’s crude oil imports from Iraq also increased, reaching 926,000 barrels per day, marking a 14.6% year-on-year increase and an 8.54% month-on-month rise.
5G effect: India’s internet speed up 3.59 times; ranking jumps
Prime Minister Narendra Modi formally launched the 5G network in the country on 1 October 2022 at the India Mobile Congress event.
PFC Forays into funding of Airport projects, sanctions Rs. 15,000 cr.
Shillong: Power sector Maharatna enterprise PFC in a Board Meeting held today in Shillong, capital of Meghalaya, reaffirmed its commitment towards developing the power sector of the North East India. PFC sanctioned loans amounting to…
GST mop-up rises 10% to over Rs 1.62 lakh Cr. in September
The revenue in September 2023 was 10 per cent higher than the GST revenue of Rs 1.47 lakh crore in the same month last year: finance ministry
Manage your finances wisely this festive season
The festive season is also an occasion to start something new. You can talk to your family about creating new financial goals.
Byju’s targets profitability by next year; FY22 results in second week of October
The tech company will also lay off about 4,000 employees over the coming weeks, as a part of the restructuring exercise under the new CEO Arjun Mohan.
Commercial LPG prices hiked by Rs 209; ATF price hiked 5 per cent
A 19-kg commercial LPG cylinder will now cost Rs 1,731.50 in the national capital and Rs 1,684 in Mumbai.
GST mop-up rises 10% to over Rs 1.62 lakh cr in Sep; crosses Rs 1.60 lakh cr mark 4th time in FY24
The revenue in September 2023 was 10 per cent higher than the GST revenue of Rs 1.47 lakh crore in the same month last year, the finance ministry said in a statement on Sunday.
Rs 2000 notes exchange date extended
The notes can be exchanged/deposited till Oct 7 in bank branches, after that exchange can take place only at 19 regional offices of RBI
PFC Consulting transfers two Project SPVs to PGCIL
New Delhi: ‘PFC Consulting Limited’, a wholly owned subsidiary of Power Finance Corporation Limited, a Maharatna CPSE, has transferred Two transmission projects specific Special Purpose Vehicles (SPVs) namely ‘Ananthpuram Kurnool…
Online sellers expect 15 per cent jump in sales during upcoming festive season
Sellers are willing to ramp up their advertising spending on the e-commerce platforms during this festive period. Smaller sellers anticipate a 22% ad spend growth compared to the last festive season.
Core sector up 12 per cent in August; highest in 14 months
The eight core industries have a significant impact on the Index of Industrial Production (IIP), accounting for 40.27% of its weighting.
Rising discount levels portent downcycle in truck vehicles, warn analysts
The analysts were commenting in the context of increasing discounts in CV sales after Tata Motors’ sustained sharp reversals in its market share in the Apr-Jun quarter.
Vodafone Idea market share shrinks below 20%; lowest since merger
It is believed that the reason for not catching up with its competitors is not being able to upgrade its network, and lack of funds.
Retrospective tax demand on gaming firms legally untenable, say experts
Experts highlight that the tax department seeks to collect GST amounts significantly higher than the total revenues earned by these companies, which appear legally inconsistent and arbitrary.
Export ban on rice is regulation, not restriction for food security: India tells WTO agri panel
On July 20 this year, India banned exports of non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season.
No additional debt in FY24; 50-year bonds for first time
The central government will not go for additional borrowing in current financial year, and stick to its budgeted borrowing target of Rs 15.43 lakh crore.
