Key Points
In today's trade, shares of ABFRL, Hero MotoCorp, Infosys, RIL, Bharat Electronics will be in focus due to various developments and monthly business updates...
Aditya Birla Fashion and Retail said that its board has approved evaluation of a vertical demerger of Madura Fashion & Lifestyle business and list it as a separate entity on stock exchanges...
Reliance Jio is reckoned to have crossed the 100-million mark of pure 5G users at March-end while closest rival Bharti Airtel has ended the fiscal fourth quarter with nearly 75 million 5G subscribers, on the back of rapid pan-India rollouts, ET reported...
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Interim Budget 2024: Modi govt hopes to bump up tax revenues in FY25
02, Feb, 24Finance Minister Nirmala Sitharaman proposed higher direct and indirect taxes in the interim Budget 2024 to boost India's economy. The gross tax revenue for fiscal 2025 is estimated to be Rs 38.31 lakh crore, up 11.45% from the revised target for this fiscal year. The government aims to raise Rs 21.99 lakh crore from direct taxes and Rs 16.31 lakh crore from indirect taxes in fiscal year 2025. The revised direct tax collection aim for the current financial year is Rs. 19.45 lakh crore, while indirect tax collection is revised to Rs 14.92 lakh crore.
Aditya Birla Fashion upper circuit: Aditya Birla Fashion shares jump 15% on proposed demerger of Madura Fashion
02, Apr, 24Aditya Birla Fashion upper circuit: Aditya Birla Fashion and Retail Ltd. (ABFRL) said it is evaluating the vertical demerger of Madura Fashion & Lifestyle business from itself into a separate listed company.
India's net direct tax collection at Rs 15.6 lakh crore till Feb 10, reaches 80% of revised target
11, Feb, 24India's net direct tax collection reached Rs 15.60 lakh crore as of February 10, representing approximately 80 percent of the revised target set for the entire financial year.
Government to fall short on tax collection target of Rs 30.43 trn in FY23
12, Mar, 23The revised estimates RE for the current fiscal pegged gross tax revenues at Rs 3043 lakh crore higher than the budget estimates of Rs 2757 lakh crore
GST revenue surges to ₹1.78 Lakh crore in March, second-highest collection ever
01, Apr, 24The net revenue of GST after tax refunds for March 2024 is Rs 1.65 lakh crore, which is a 18.4% growth rate when compared to the same month last year.
Mercedes-Benz India sales rise 37% in FY23
11, Apr, 23Rolls out hybrid car priced from ₹3.3 crore
India's fiscal deficit at Rs 7.02 lakh crore in first half of FY24
31, Oct, 23India aims to narrow its fiscal deficit to 5.9% of gross domestic product by the end of the current fiscal year, against 6.4% last year.
Fiscal gap till January shrinks
01, Mar, 24The central government contained its fiscal deficit in the 2023-24 financial year at 63.6% of the revised target despite a moderation in nominal GDP growth. The deficit dropped 7.3% from a year ago period to ₹11.03 lakh crore. Revenue spending moderated while capital spending remained lower than the revised target.
Budget at a Glance: From tax to capex, here's your 2-minute guide to become a Budget Pro
01, Feb, 24Budget at a Glance 2024: India's FM presented the Interim Budget for the next fiscal year. Tax slabs remain unchanged, no commitment to revdis. New housing scheme for the middle class. Capex target raised by 11.1%. Defense budget increased by 18%. Ayushman Bharat healthcare extended to workers. Hospitals to be set up in all districts. Vaccination for cervical cancer.
Fiscal Deficit until November touches 50.7% of FY24 target
30, Dec, 23The Indian central government's fiscal deficit reached 50.7% of the annual target in the first eight months of this fiscal year, compared to 58.9% a year before. The deficit dropped below the level a year earlier, reaching ₹9.07 lakh crore between April and November. The fiscal gap narrowed to ₹1.03 lakh crore in November, thanks to lower tax devolution to states, a contraction in revenue spending, and only a marginal increase in capital expenditure.