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Business Updates

At Global Investor Summit in Delhi, MoUs inked worth over Rs 19,000 crore

June 12, 2022By businessreputationdata

The flagship agreement involves a Rs 15,000 crore commitment from JSW Neo Energy for two pumped storage projects in Almora, aiming to generate employment, and contribute to the state’s development.

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Business Updates

Concord Biotech IPO opens for subscription today: All you need to know

June 12, 2022By businessreputationdata

Concord Biotech’s on Thursday said it collected Rs 465 crore from anchor investors ahead of its IPO.

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Business Updates

GST Authority imposes Rs 36,844 penalty on LIC

June 12, 2022By businessreputationdata

Life Insurance Corporation on Wednesday said the GST Authority has imposed a fine of Rs 36,844 on LIC for lower payment of taxes.

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Business Updates

Wholesale inflation at -0.52% in October; in negative zone for seventh straight month

June 12, 2022By businessreputationdata

Wholesale inflation, which reflects prices at producers’ end, remains below retail inflation. The latest retail inflation data for October showed Consumer Price Index-based inflation eased to a four-month low of 4.87 per cent in October.

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Business Updates

Punjab National Bank Q1 net profit jumps four-fold to Rs 1,255 crore

June 11, 2022By businessreputationdata

The government on July 20 had banned the export of non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season.

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Business Updates

GST collections at Rs 1.72 lakh crore in October, second highest-ever

June 11, 2022By businessreputationdata

“GST revenue collection for October 2023 is second highest ever, next only to April 2023, at Rs 1.72 lakh crore; records increase of 13 per cent Y-o-Y,” the Finance Minstry said in a statement.

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Business Updates

Adani-Total Gas Ltd to invest Rs 20,000 cr in 8-10 yrs to expand city gas

June 10, 2022By businessreputationdata

Adani Total Gas Ltd will invest Rs 18,000 crore to Rs 20,000 crore in the next 8 to 10 years to expand infrastructure for retailing CNG to automobiles and piping gas to households and industries, its CFO said.

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Business Updates

FTA with UK closer, talks with Canada may happen soon: FM Nirmala Sitharaman

June 10, 2022By businessreputationdata

Speaking at the B20 Summit India 2023, FM Sitharaman said, “India has showcased an accelerated pace of economic reforms in the past nine years.”

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Business Updates

Markets climb on firm global trends, foreign fund inflows

June 8, 2022By businessreputationdata

There are many aspects to planning a sabbatical, one of which, and perhaps the most important, is to ensure that your break is financially sustainable.

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Business Updates

Markets trade with marginal gains amid weak trends in global equities

June 8, 2022By businessreputationdata

As of now, among the 11 hilly and north-eastern states, only Jammu & Kashmir is reimbursing balance 42 per cent CGST, while none of the states are reimbursing the balance 21 per cent IGST.

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