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Category: Business Updates

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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Business Updates

IIP growth falls to 3-month low, rises yr-on-yr

June 8, 2022By businessreputationdata

The data released by the National Statistical Office (NSO) showed that the manufacturing sector’s output grew by 4.5 per cent in September 2023.

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Business Updates

Propelled by core income growth, ICICI Bank net profit zooms 44% in Apr-Jun

June 5, 2022By businessreputationdata

Go Airline’s resolution professional has yet to verify the veracity of the claims and did not immediately respond to a Reuters’ email seeking comment.

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Business Updates

Rupee slips but dollar sales by exporters limit downside

June 4, 2022By businessreputationdata

The Indian rupee was slightly weaker in early trading on Thursday as dollar sales by exporters countered worries over the jump in U.S. Treasury yields following a hawkish Federal Reserve policy, traders said.

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Business Updates

From less than 1% to over 75%, how inverter ACs are catalysing the energy-efficiency revolution

June 4, 2022By businessreputationdata

In January this year, the RBI issued a discussion paper on the introduction of the ECL framework for provisioning by banks. It said the banks will be given one year after the final guidelines are released for implementation of the expected credit loss approach for loss provisioning.

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