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Excise duty collection surges 48% in FY21 on high fuel levies

New Delhi, Jan 17 | As the government has kept excise duty on petrol and diesel elevated amid the pandemic with a view to...

Dec auto registrations log positive growth, first time in FY21

New Delhi, Jan 11 | Vehicle registrations in December 2020 logged an 11 per cent growth on a year-on-year (YoY) basis, the first positive...

OMCs may see earnings erode in Q3 FY21

New Delhi, Jan 9 | After having a good run in most parts of the Covid-19 affected year, oil marketing companies may see an...

Covid Struck: India’s FY21 GDP expected to contract by 7.7% (Ld)

New Delhi, Jan 7 | India's First Advance Estimate of national income on Thursday showed a contraction of 7.7 per cent in real GDP...

Covid Struck: India’s FY21 GDP expected to contract by 7.7%

New Delhi, Jan 7 | India's first advance estimate of national income on Thursday showed a contraction of 7.7 per cent in real GDP...

Microfinance sector’s loan portfolio shrinks in Q2, FY21

New Delhi, Jan 7 | The gross loan portfolio (GLP) of India's microfinance sector witnessed a de-growth of 1.15 per cent in the July-September...

APY enrolments cross 52 lakh till now in FY21

New Delhi, Jan 4 | The Pension Fund Regulatory and Development Authority (PFRDA) on Monday said that more than 52 lakh new subscribers have...

Green Drive: EESL to set-up 500 more EV charging stations in...

By Rohit VaidNew Delhi, Dec 31 | Power PSUs' joint venture EESL plans to install at least 500 more electric vehicle (EV) charging stations...

India’s FY21 GDP now expected to contract by 7.8%: Ind-Ra (Lead)

New Delhi, Dec 24 | India Ratings and Research on Thursday narrowed the contraction in India's FY21 gross domestic product (GDP) growth to negative...

India’s FY21 GDP now expected to contract by 7.8%: Ind-Ra

New Delhi, Dec 24 | India Ratings and Research on Thursday narrowed the contraction in India's FY21 gross domestic product (GDP) growth to negative...

NCAER projects GDP contraction of 7.3% in FY21

New Delhi, Dec 21 | The National Council of Applied Economic Research (NCAER) has estimated that India's GDP is likely to contract by 7.3...

India’s FY21 GDP to contract by 7.8%: ICRA (Lead)

New Delhi, Dec 17 | India's FY21 GDP is expected to contract at 7.8 per cent, ratings agency ICRA said on Thursday.As per the...

India’s FY21 GDP to contract by 7.8%: ICRA

New Delhi, Dec 17 | India's FY21 GDP is expected to contract at 7.8 per cent, said ratings agency ICRA on Thursday.According to the...

Crisil revises India’s GDP contraction to 7.7 pc in FY21

New Delhi, Dec 14 | With a sharp recovery seen in GDP contraction in the second quarter period, rating agency Crisil has revised upwards...

Poultry profitability expected to improve by 200 bps in FY21: Crisil

Mumbai, Dec 10 | The profitability of the poultary sector is expected to improve by 200 bps in FY21, rating agency Crisil Ratings said...

Market rally widens, 24 stocks underpin most of BSE-100’s FY21 performance

Mumbai, Dec 9 | As the Indian equity market bucked the pandemic-induced slowdown and surged to new highs in the current financial year, an...

Fitch raises India’s FY21 GDP forecast to (-) 9.4% (Lead)

New Delhi, Dec 8 | Global credit rating agency Fitch on Tuesday raised its FY21 GDP growth forecast for India by predicting a narrower...

Domestic poultry industry likely to post healthy FY21 profits: ICRA

New Delhi, Dec 7 | The domestic poultry industry is expected to post healthy profits during FY21 after a near washout in profits in...

RBI revises FY21 growth to (-)7.5% on current recovery rate, vaccine...

Mumbai, Dec 4 | The Reserve Bank of India (RBI) has revised the real GDP growth projection for FY21 upwards to (-) 7.5 per...

India’s aviation industry’s expected FY21 net loss at Rs 210 bn:...

New Delhi, Dec 3 | India's aviation industry is expected to report a net loss of Rs 210 billion in FY21, credit rating agency...

Organised F&G retail’s FY21 revenue expected to decline by 5-10%: Ind-Ra

New Delhi, Nov 30 | The revenue of India's organised food and grocery (F&G) retail is expected to decline by 5-10 per cent in...

Bharti AXA Life post 10% growth in renewal income at Rs...

New Delhi, Nov 30 | Leading private life insurer Bharti AXA Life Insurance Monday said the company registered 10 per cent growth in its...

Total FDI inflow during Q2 FY21 stands at $28.1 bn (Ld)

New Delhi, Nov 28 | The total foreign direct investment (FDI) during the second quarter of financial year 2020-21 stood at $28.10 billion, out...

PSUs hit 39% of FY21 CAPEX target, FM calls for more...

New Delhi, Nov 27 | Central Public Sector Enterprises (CPSE) have achieved 39.4 per cent of their capital expenditure (CAPEX) target with an expenditure...

Direct tax refunds of nearly Rs 1.37 lakh cr issued in...

New Delhi, Nov 25 | The Central Board of Direct Taxes (CBDT) has issued refunds of nearly Rs 1.37 lakh crore to over 41.25...

Direct tax refunds of over Rs 1.36 lakh cr issued in...

New Delhi, Nov 18 | The Central Board of Direct Taxes (CBDT) on Wednesday said that it has issued direct tax refunds refunds of...

Gold imports improve in Oct, down 47% so far in FY21

New Delhi, Nov 15 | Import of gold increased nearly 36 per cent in October on a year-on-year basis to $2.50 billion, showed the...

CV segment outlook remains negative, FY21 volumes to drop: ICRA Ratings

New Delhi, Nov 4 | ICRA Ratings on Wednesday said the outlook for the commercial vehicles (CV) segment remains 'Negative' on the back of...

GST collection crosses Rs 1 lakh cr in Oct, first in...

New Delhi, Nov 1 | The gross GST revenue collected in the month of October 2020 was Rs 1,05,155 crore, an official statement said...

Tractor sales volumes expected to grow by 10-12% in FY21

New Delhi, Oct 30 | Tractor sales volumes are expected to grow by 10-12 per cent on a year-on-year in FY21, primarily driven by...

Economic growth in FY21 may be negative: Sitharaman

New Delhi, Oct 27 | Finance Minister Nirmala Sitharaman on Tuesday said that India's economic growth in the current financial year may be in...

States’ fiscal deficit to almost double in FY21, suggests RBI report

New Delhi, Oct 27 | The states' finances are going deeper into a crisis situation with a new Reserve Bank of India report now...

GST collections in Oct may cross Rs 1 lakh cr mark...

New Delhi, Oct 26 | In a sign that economic revival is getting more pronounced in the unlock phases, country's goods and service tax...

Despite pandemic IL&FS expects to address over Rs 50K cr debt...

New Delhi, Oct 24 | IL&FS Board is hopeful that it will be able to address the targetted debt of over Rs 50,000...

Bulk tea companies may see material improvement in FY21: ICRA

New Delhi, Oct 22 | Bulk tea companies are expected to witness material improvement in FY21 over the previous year, on the back of...

Sitharaman tells central PSUs to scale up capex in FY21, FY22

New Delhi, Oct 19 | Stressing the need for capital expenditure (capex) by Central Public Sector Enterprises (CPSEs), Union Finance Minister Nirmala Sitharaman has...

India’s gold imports halve to $6.8B in Apr-Sep FY21

New Delhi, Oct 18 | Gold imports by India declined 57.12 per cent in the first half of the current financial year (2020-21) to...

Equity investors rise, brokerages witness clientele surge in FY21

Mumbai, Oct 14 | Even amid the pandemic, stock markets have had a bull run in the past few months. It is not just...

India’s FY21 GDP outlook worsens, IMF sees 10.3% contraction

New Delhi, Oct 14 | With the coronavirus pandemic still to be contained and the central government's stimulus measures having limited impact on economic...

Govt capex increased by Rs 25K Cr, total FY21 spend rises...

New Delhi, Oct 12 | The government has increased its capital expenditure budget to step up expenditure on projects that generate employment and spur...

GDP may contract 9.5% in FY21, agri-backed rural demand to lead...

Mumbai, Oct 9 | As the economy somewhat stabilises after a 23.9 per cent plunge in the GDP in the April-June quarter marred by...

JSPL reports 30% steel sales growth in Q2 FY21

New Delhi, Oct 6 | Jindal Steel & Power Limited (JSPL) has beaten the trend again reporting healthy growth in production and sales volume...

Edtech firm upGrad logs 50% revenue growth in Q2

Mumbai, Oct 6 | Edtech firm upGrad on Tuesday said it has reported a 50 per cent growth in its gross revenue in the...

India Inc expects steady recovery in Oct-Mar FY21: CII CEOs Poll

New Delhi, Oct 4 | The business fraternity expects a steady recovery in the Indian economy during the second half of the financial year...

FY21 central tax devolution to states expected to fall by over...

New Delhi, Oct 2 | Ratings agency ICRA has estimated that central tax devolution (CTD) to the states will be 36.2 per cent lower...

BharatPe aims Rs 1,000cr in loan disbursement in rest of FY21

New Delhi, Oct 1 | Aiming to disburse loans worth Rs 1,000 crore in the rest of the financial year 2021, merchant payment network...

Centre sticks to FY21 borrowing target, leaves room for states

New Delhi, Sep 30 | The Centre on Wednesday said it will borrow Rs 4.34 lakh crore in the second half of the current...

Business

Hero MotoCorp surpasses 100 mn cumulative production milestone

New Delhi, Jan 21 | Two-wheeler major Hero MotoCorp has surpassed the significant milestone of 100 million (10 crore) units in cumulative production.The 100...