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Wheels India Managing Director Srivats Ram expect to see export growth in the full year, despite slowdown in Europe. On the domestic front, WIL expect to see growth in the commercial vehicles and and air suspension markets. | Photo Credit: Special Arrangement Wheels India Ltd. (WIL) standalone net profit for the September quarter contracted by…
Image used for representative purpose onluy. | Photo Credit: AFP Companies in India are expected to give a salary raise of 9.8% in 2024, slightly lower than the actual salary increase of 10% in 2023, as companies across industries are still closely monitoring their cost structures, says a survey. According to Willis Tower Watson’s latest…
Read More “Companies in India likely to give 9.8% salary raise in 2024, highest in APAC: Report” »
RWAs liable to pay 18% GST on electricity bills if flat owners charged more than tariff by discoms New Delhi: Real estate developers and RWAs will be liable to pay 18 per cent GST on electricity bills if they charge from flat owners more than the power tariff prescribed by Discoms. The Central Board of…
Read More “RWAs Liable To Pay GST For Over-Charging Electricity Tariff From Flat Owners” »
GST collections increased 13 per cent to Rs 1.72 lakh crore in October. New Delhi: GST collections increased 13 per cent to Rs 1.72 lakh crore in October, the second highest-ever, helped by momentum in the economy, efforts of taxmen in checking evasion and festive demand. “GST revenue collection for October 2023 is second highest…
Read More “GST Collections Rise 13% To Rs 1.72 Lakh Crore In Oct, 2nd Highest-Ever” »
India’s union trade ministry did not immediately respond to a request for comment. (Representational) New Delhi: Apple, Dell, HP, Samsung and Lenovo are among 110 firms authorised by India to import laptops, tablets and personal computers under a new system aimed at monitoring shipments, two government sources said. Acer, Xiaomi, IBM and ASUS have also…
Read More “India Authorises Apple, Dell, Others To Import Laptops, Tablets: Report” »
The rupee depreciated 9 paise to close at an all-time low of 83.33 (provisional) against the U.S. dollar on Wednesday, tracking a strong greenback against major rivals overseas and unabated foreign capital outflows. Besides, a negative trend in domestic equities and elevated crude oil prices amid geopolitical uncertainty in the Middle East weighed on investor…
Read More “Rupee falls 9 paise to close at all-time low of 83.33 against U.S. dollar” »
Image used for representative purpose only. | Photo Credit: REUTERS Equity benchmark indices Sensex and Nifty declined for the second day in a row on Wednesday amid unabated foreign fund outflows. Investors preferred to remain on the sidelines ahead of the U.S. Federal Reserve’s interest rate decision, traders said. The 30-share BSE Sensex declined 283.60…
Read More “Markets fall for 2nd day on foreign fund outflows” »
Centre allows direct overseas listing of Indian firms, notifies relevant section under companies law New Delhi: In a significant move, the government has permitted Indian companies to list on foreign exchanges, subject to certain conditions. The corporate affairs ministry has notified the relevant section under the companies law in this regard. Currently, overseas listings by…
An Indian consumer goods trader shows letters GST representing “Goods and Services Tax” (GST)at his shop in Hyderabad on August 3, 2016. Growth in India’s gross Goods and Services Tax (GST) revenues bounced back in October with tax collections rising 13.4% to the second-highest monthly tally of ₹1.72 lakh crore. | Photo Credit: AFP Growth…
Read More “GST collections rise 13% to ₹1.72 lakh crore in October” »
Ambuja Cements’ total expenses were down 8.52 per cent at Rs 6,564.28 crore. New Delhi: Ambuja Cements Ltd on Wednesday reported a multifold increase in consolidated net profit at Rs 987.24 crore for the quarter ended on September 30, on reduction in operating cost. The company, now part of the Adani Group, had clocked a…
Read More “Ambuja Cements Sees Q2 Profit Of Nearly Rs 1,000 Crore” »
