Defying a weak trend in the global markets, the 30-share BSE Sensex climbed 339.60 points or 0.52 per cent to settle at its new all-time closing high of 65,785.64.
CBIC chief Sanjay Kumar Agarwal on Thursday said increased monthly GST collections are mainly on account of higher compliance, and the GST Council’s decision to tighten return filing and registration process would help reduce fake ITC claims in evasion prone sectors, including iron and steel.
Maruti Suzuki India (MSI) also reported its best-ever domestic monthly dispatches in October at 1,77,266 units, up 21 per cent from 1,47,072 units in the year-ago period.
Hyundai Motor, the world’s No.3 automaker by sales with its affiliate Kia Corp, reported a net profit of 2.2 trillion won ($1.65 billion) for the October-December period versus a profit of 1.7 trillion won a year earlier.
The 50-share index opened at a record high of 20,110.15 but pared its gains to close lower by 3.15 points or 0.02 per cent. It had breached the 20,000-mark for the first time during the intraday trades on September 11.
“The near-term outlook is masked by risks to food inflation which might lead to an inflation uptick in November and December. This needs to be watched for second round effects, if any,” Das said.
The investigation stems from a Directorate of Revenue Intelligence (DRI) complaint against a person, allegedly close to Munjal, who was investigated on charges of carrying undeclared foreign currency.
The Razorpay-FNP collaboration is a story of transformation, innovation, and growth. By addressing and overcoming payment challenges, Razorpay has not only propelled FNP’s remarkable 20% Y-o-Y growth but has also played a pivotal role in enhancing customer trust and satisfaction.
Nestle India was the top gainer in the Sensex pack, and jumped around 4 per cent, after its Q3 net profit climbed 37 per cent to Rs 908 crore.
A fixed deposit is an investment instrument where an amount is deposited with banks for a set period and at a fixed rate of interest.