Gross direct tax collections have grown by 17.95 per cent to Rs 11.07 lakh crore so far this fiscal during April 1-October 9, while net direct tax mop-up, which factors in refunds, rose 21.82 per cent year-on-year to Rs 0.57 lakh crore.
Asked about the impact of high interest rates on investment flows, Sitharaman said high interest rates won’t be the only factor to influence investment, noting that emerging markets and developing countries are the engines of growth.
Infosys’ revenue from operations in the July-September quarter jumped year-on-year (YoY) 7.5 per cent to Rs 11,963 crore, from Rs 11,126 crore.
The resolution professional of Future Enterprises Ltd (FEL) has finalised a provisional list of three Prospective Resolution Applicants (PRA), an exchange filing from the debt-ridden company said.
Foreign fund outflows and heavy selling in HDFC shares also hit investor sentiments, traders said.
States continue to have a high level of committed expenditure, and persistent revenue deficit. Increase in non-merit subsidies, reversal of pension reforms, and poor financial conditions of state-owned discoms are some of the key challenges for state finances, the report said.
The plant is to be developed in two phases. Phase one will include a 5,00,000-square-foot clean-room space, scheduled to be operational by late 2024.
Beauty and personal care brand Mamaearth on Friday announced a collaboration with Snapchat for an innovative AR Lens campaign in celebration of Lipstick Day on July 29.
The tense diplomatic relations between India and Canada are unlikely to impact trade and investments between the two countries as economic ties are driven by commercial considerations, according to experts.
With the latest print, GDP growth during the first half of the year — April-September 2023 — added up to 7.7 per cent compared with 9.5 per cent in the year-ago period.