GST collections grew 7.3% to Rs 1,76,857 crore in Dec, amid a slowdown in demand in several segments of the economy and concerns over weak urban demand.Domestic collections in Dec (based on transactions in the previous month) grew 8.4% to Rs 1,32,589 crore, while those related to imports were 3.9%. The good news was that govt did not hesitate from …
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MUMBAI: C S Setty, who took over as SBI chairman in August 28, is positioning the country’s largest bank as an entity focused on delivering quality service to customers by preparing the state-owned lender to harness technology. While upbeat on the economy, Setty tells TOI that the Budget should focus on pushing private sector capex. Also read: Economy to grow …
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Mumbai: Sam Ghosh, a veteran of India’s financial sector, is entering the mutual fund industry with his own venture. Markets regulator Sebi on Monday gave Cosmea Investments, the holding company for Ghosh’s financial ventures, the go-ahead to launch its mutual fund business.The company had applied for an MF licence in May 2024. It would take about six months to launch …
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NEW DELHI: Honda Cars India Ltd (HCIL) announced a 20 per cent rise in total sales for 2024 on Wednesday, with 1,31,871 units sold compared to 1,10,143 units in 2023. However, domestic sales fell by 18.55 per cent, plunging to 68,650 units in 2024 from 84,289 units the previous year.The company statement revealed that exports jumped more than two-fold to …
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NEW DELHI: Standard Glass Lining Technology Ltd on Wednesday said it has fixed a price band at Rs 133-140 per equity share for its Rs 410.05 crore initial public offering (IPO) that opens for public subscription on January 6. The public issue of Standard Glass Lining Technology is set to become the first mainboard IPO of 2025. The company has …
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NEW DELHI: The Reserve Bank of India (RBI) announced on Wednesday that 98.12 percent of the Rs 2,000 banknotes withdrawn from circulation have been returned to the banking system.The apex bank revealed that as of December 31, 2024, only Rs 6,691 crore worth of Rs 2,000 notes remain with the public, marking a sharp decline from the total value of …
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NEW DELHI: Airlines should not keep passengers seated inside aircraft for more than 90 minutes in case of fog-related delayed departures and they need to cancel flights delayed by over three hours. As peak winter fog season kicks in, the union aviation ministry on Wednesday listed out a do’s and don’ts for airlines and airport operators to minimise passenger inconvenience.“Bureau …
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NEW DELHI: Air India has covered a lot of ground since privatisation and its global coverage will further increase in the years ahead, the airline’s chief Campbell Wilson said on Wednesday. He also said the interior refit of the single-aisle fleet, serving domestic and short-haul international destinations, is underway, and will be completed by mid-2025. Loss-making Air India was acquired …
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NEW DELHI: Mahindra & Mahindra (M&M Ltd.) reported a 16 per cent rise in total automotive sales, reaching 69,768 units in December, according to their exchange filing on Wednesday.The company achieved domestic sales of 41,424 vehicles in the utility vehicle category, an 18 per cent increase, with total sales including exports reaching 42,958 vehicles while commercial vehicle domestic sales reached …
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NEW DELHI: JSW MG Motor India on Wednesday reported a 55 per cent increase in sales at 7,516 units in December 2024, as compared to the year-ago month. The company recorded its highest-ever EV sales in December and NEV (new energy vehicle) sales accounted for over 70 per cent of the total sales with its crossover utility vehicle Windsor alone …
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