Category: Business

Business

Over 30 Lakh Audit Reports Filed On Income Tax Department Website

October 2, 2023 admin

To facilitate the taxpayers, extensive outreach programmes were carried out New Delhi: Over 30 lakh audit reports (TAR) were filed till September 30 on the e-filing portal of the Income Tax Department, the tax authority said on Monday. The Income-tax Department through the release appreciated taxpayers and tax professionals for making compliances on time. Those…

Business

Adani Energy Solutions Commissions Khargar-Vikhroli Transmission Line

October 2, 2023 admin

The project starts in the Kharghar area of Navi Mumbai. New Delhi: Adani Energy Solutions on Monday said it has commissioned the Khargar-Vikhroli transmission line to supply an additional 1,000 MW of power to Mumbai city. “Kharghar Vikhroli Transmission Ltd (KVTL), which will enable additional power to be brought into Mumbai and thus enable in…

Business

Reliance-Backed Dunzo Co-Founder Dalvir Suri Quits, Startup To Restructure

October 2, 2023 admin

Dunzo has been struggling to strike a funding deal Bengaluru: On-demand delivery platform Dunzo said today one of its four co-founders, Dalvir Suri, would leave and the cash-strapped, Reliance Industries-backed startup. It also announced an organisation-wide restructuring from this quarter. Dunzo has been struggling to strike a funding deal in the past few months and…

Business

Coal India production rises 12.6% in September

October 2, 2023 admin

State-owned CIL on Monday reported a 12.6% year-on-year rise in coal production to 51.4 million tonnes (MT) last month. The PSU had produced 45.7 MT of coal in the year-ago period, Coal India Ltd (CIL) said in a BSE filing. The company’s output in the April-September period also increased by 11.3 per cent to 332.9…

Business

Diesel sales fall 3% in Sept., petrol up 5.4%

October 2, 2023 admin

Consumption of diesel, the most consumed fuel in the country — accounting for about two-fifths of the demand, fell to 5.81 million tonnes in September from 5.99 million tonnes demand in the same period a year ago. | Photo Credit: ANI Diesel sales in India fell 3% in September as a receding monsoon continued to…

Business

Have household savings reduced? – The Hindu

October 1, 2023 admin

For representative purposes. | Photo Credit: Getty Images The release of the Reserve Bank of India’s (RBI) Monthly Bulletin in September revealed that households’ net financial savings had fallen to 5.1% from 11.5% in 2020-21. Financial liabilities of households rose faster than their assets, with many writers highlighting this trend as an indication of rising…

Business

Manipur to compensate farmers hit by ethnic violence with ₹38-crore package

October 1, 2023 admin

The total income loss for the State in the farm sector during the violence was estimated at ₹226.5 crore. File image for representation. | Photo Credit: RITU RAJ KONWAR GUWAHATI: Manipur’s Agriculture Department has come up with a crop compensation package of ₹38.06 crore as relief for the farmers affected by the ethnic conflict that…

Business

GST revenue growth slowed to 10.2% in September

October 1, 2023 admin

Photo used for representation purpose only. Growth in India’s gross GST revenues slowed to 10.2% in September from around 10.8% in the previous two months, but collections improved 2.3% over August revenues to touch ₹1,62,712 crore. Revenues from domestic transactions (including import of services) are 14% higher than the revenues from these sources during the…

Business

GST Collection Rises 10% To Over Rs 1.62 Lakh Crore In September 2023

October 1, 2023 admin

Gross GST revenue collected last month was Rs 1,62,712 crore. New Delhi: Gross GST collection rose 10 per cent to over Rs 1.62 lakh crore in September, crossing the Rs 1.6 lakh crore mark for the fourth time during current financial year. Gross GST revenue collected last month was Rs 1,62,712 crore. Of this, Central…

Business

India, Bangladesh discuss preparations to start talks for free trade agreement

October 1, 2023 admin

It was discussed during an official-level meeting of the Joint Working Group on Trade (JWG) between India and Bangladesh, which was held last week in Dhaka. File. | Photo Credit: AFP India and Bangladesh have discussed preparations to start talks for a free trade agreement between the two countries to promote economic ties, an official…

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