When the US announces its reciprocal tariffs on Wednesday, Indian govt will keep tabs on how the tariffs are calculated, given that Trump had spoken about subsidies offered by some countries as well as VAT on imported goods that are levied.In addition, how the duties are imposed on rival countries will also have to be factored into the calculations, including …
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India’s GST revenue collection saw an increase of 9.9% year-over-year, reaching Rs 1.96 lakh crore in March. The breakdown shows Central GST at Rs 38,100 crore, whilst State GST reached Rs 49,900 crore. The Integrated GST amounted to Rs 95,900 crore, and GST cess collections totalled Rs 12,300 crore for March.Abhishek Jain, Indirect Tax Head & Partner, KPMG said, “A …
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The market will closely observe the effects of reciprocal tariffs beginning April 2 and their impact on worldwide commerce. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in trade on Tuesday morning. While BSE Sensex plunged over 350 points, Nifty50 went below 23,450. At 9:17 AM, BSE Sensex was trading at 77,046.41, down …
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NEW DELHI: Oil firms have reduced the price of 19 kg commercial LPG cylinders by Rs 41, effective from Tuesday. The retail price for a 19 kg commercial LPG cylinder in Delhi now stands at Rs 1,762.Previously, on February 1, commercial LPG cylinder prices saw a reduction of Rs 7.The oil companies conduct regular LPG price revisions considering global crude …
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ICICI Securities has reiterated its ‘buy’ recommendation on GAIL (India) with a target price of Rs 245. Despite its Oct-Dec quarterly results disappointing investors, analysts feel that its earnings may improve steadily over the next 12 months, driven by one-offs impacting trading that have resolved somewhat in Q4 and should have limited impact over FY26. They also expect sustained volume …
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Dr Krishna Prasad Rao Vunnam, founder & managing director, Ankura Hospitals HYDERABAD: Ankura Hospitals, a Hyderabad-based super-specialty tertiary and quaternary care services provider, has secured a funding of Rs 165 crore from the Asian Development Bank (ADB).Prior to this round, the hospital chain had raised $17.8 million with the largest round so far being the $8.31 million it raised in …
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April 2025 Bank Holidays List: The RBI issues an annual state-specific calendar detailing official bank holidays throughout the year. These holidays differ across states due to various national, regional and religious celebrations observed in India.Multiple bank holidays are scheduled for April 2025 across various states. These include celebrations of Mahavir Jayanti, Ambedkar Jayanti, Good Friday, Bohag Bihu, Basava Jayanti and …
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IndiGo’s parent company, InterGlobe Aviation, faces a Rs 944.2 crore penalty imposed by the Income Tax department for the Assessment Year 2021-22. The company described the order as erroneous and plans to pursue legal remedies, stating it will not significantly impact its financials, operations, or other activities. The dispute arises from an appeal still pending adjudication. NEW DELHI: The Income …
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NEW DELHI: Foreign investors have infused nearly Rs 31,000 crore in Indian equity markets in the last six trading sessions primarily due to attractive valuations, appreciation in the rupee and improvement in macroeconomic indicators. The re-emergence of FPIs as buyers contributed to a smart recovery of about 6% in benchmark index Nifty, reflecting renewed confidence in the market. This latest …
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NEW DELHI: Punjab National Bank (PNB) , the country’s second largest public sector lender, is set to step up its focus on customer service as well as retail, agriculture and MSME lending, while targeting corporate loans that give higher returns, the bank’s new MD and CEO Ashok Chandra told TOI.Chandra, who took over in Jan, is working with his team …
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