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GST collections rise 9.9 percent to Rs 1.96 lakh crore in March
02 Apr

GST collections rise 9.9 percent to Rs 1.96 lakh crore in March

editorBusiness, News
New Delhi: India's goods and services tax collections rose 9.9 percent to Rs 1.96 lakh crore in March this year compared to the same month last year, reflecting higher levels of economic activity and better compliance. Sequentially, GST collections were 6.8 percent higher than the Rs 1.84 lakh crore revenue recorded in February this year. The gross GST revenue in March comprised Rs 38,100 crore from central GST, Rs 49,900 crore from state GST, Rs 95,900 crore from integrated GST and Rs 12,300 crore from compensation cess. In comparison, central GST collections in February stood at Rs 35,204 crore, state…
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Bajaj Auto shares jump 2%, KTM stake hiked by ₹461.6 crore investment
01 Apr

Bajaj Auto shares jump 2%, KTM stake hiked by ₹461.6 crore investment

editorBusiness, News
Bajaj Auto shares have rallied over 2%, hitting an intraday high of ₹8,039.65, as the market took note of the company's investment in Pierer Bajaj AG (PBAG), the parent company of Austrian motorcycle company KTM. Overall, the launch reflects Bajaj Auto's desire to strengthen its position in the premium motorcycle market. Strategic Investment DetailsBajaj Auto International Holdings BV (BAIH BV), the 100% owned arm of Bajaj Auto, has become an investor in PBAG through a convertible bond of 50 million euros (about ₹461.6 crore). The 500 bonds subscribed by Bajaj Auto International Holdings BV (BAIH BV), each with a nominal…
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Gold prices jump record highs
31 Mar

Gold prices jump record highs

editorBusiness, News
Gold prices hit a new all-time high in Vietnam on Monday morning, as global rates also peaked.The price of a gold bar from Saigon Jewellery Company rose 0.8% to VND101.5 million (US$3,968.72) per tael. One tael is equivalent to 37.5 grams or 1.2 ounces.The price of a gold ring rose 1.2% to VND101.6 million per tael, also a historic peak.Globally, gold hit an all-time high on Monday, surpassing the $3,100 mark, as investors turned to the safe-haven asset amid concerns that US President Donald Trump's tariff plans would spark a global trade war and economic downturn, Reuters reported.Spot gold rose…
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Mandi prices of pulses and oilseeds downfall below MSP
29 Mar

Mandi prices of pulses and oilseeds downfall below MSP

editorBusiness, News
Mandi prices of pulses and oilseeds fell below MSP, forcing the government to increase procurement. Prices of tur, chana and mustard declined due to favourable crop prospects and imports.Mandi prices of most varieties of pulses and oilseeds are trading below the respective minimum support price (MSP), forcing the government to increase procurement of these commodities at the respective minimum support price (MSP).According to trade sources, market prices have declined due to encouraging crop prospects and liberal imports.Mandi prices of tur in Latur (Maharashtra) on Friday were in the range of Rs 6800 per quintal to Rs 7400 per quintal as…
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UltraTech Cement shares surge as it launches multiple brownfield expansions
28 Mar

UltraTech Cement shares surge as it launches multiple brownfield expansions

editorBusiness, News
UltraTech Cement shares rose marginally to Rs 11,639 per share on March 27. The company announced the successful launch of multiple brownfield expansions across India, further adding to its production capacity. In the past month, the stock of this cement giant has jumped 14 percent, significantly outperforming the benchmark Nifty 50 index, which registered a gain of 6 percent during the same period. UltraTech Cement has started operations at its Maihar facility in Madhya Pradesh with one of the two planned cement mills (2.7 MTPA) having a clinker capacity of 3.35 million tonnes per annum (MTPA). The second grinding mill…
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HAL shares jump 3% as GE Aerospace delivers first engine for Tejas Mk 1A
27 Mar

HAL shares jump 3% as GE Aerospace delivers first engine for Tejas Mk 1A

editorBusiness, News
Hindustan Aeronautics (HAL) shares jumped over 3 percent on March 26 after GE Aerospace announced that it has delivered the first of 99 F404-IN20 engines for the Tejas Light Combat Aircraft Mk 1A fighter jet. HAL shares were trading at Rs 4,152 per share at noon. Speaking about the latest development, GE Aerospace said, "This is an important milestone in our 40-year relationship with HAL and our efforts to ensure a strong future for India's military by developing next-generation fighter aircraft while enhancing the country's defence manufacturing capabilities.GE Aerospace has a strong history of military jet propulsion collaborations in India."…
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IndusInd Bank share price downgrade over 5%, fined ₹30 crore for ‘various GST issues’
26 Mar

IndusInd Bank share price downgrade over 5%, fined ₹30 crore for ‘various GST issues’

editorBusiness, News
IndusInd Bank share price dropped over 5% on Tuesday after the private lender said GST authorities in Thane district have imposed a penalty of over ₹30.15 crore on it for various issues. Shares of IndusInd Bank fell 5.32% to ₹633.55 on the BSE.IndusInd Bank, which is already facing scrutiny over derivative account anomalies, also said it may file an appeal against the GST order.In a regulatory filing on March 24, IndusInd Bank said, "…we inform that a penalty of Rs 30,15,18,000/- has been imposed on the bank by the Joint Commissioner of CGST and Central Excise, Thane Commissionerate for various…
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Silver prices jump: Rs 598 upsurge to Rs 98,091 per kg
25 Mar

Silver prices jump: Rs 598 upsurge to Rs 98,091 per kg

editorBusiness, News
New Delhi, March 25 Silver prices rose by Rs 598 to Rs 98,091 per kg on Tuesday as participants increased their bets.Silver contracts for May delivery on the Multi Commodity Exchange rose by Rs 598, or 0.61 per cent, to Rs 98,091 per kg in a business turnover of 18,621 lots.Analysts said fresh deals by participants led to the rise in silver prices.Globally, silver was trading 0.56 per cent higher at $33.20 per ounce in New York.
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Silver futures surge: Prices rise to Rs 98,406 per kg
24 Mar

Silver futures surge: Prices rise to Rs 98,406 per kg

editorBusiness, News
New Delhi, March 24 Silver prices rose by Rs 522 to Rs 98,406 per kg on Monday as participants increased their bets.Silver contracts for May delivery on the Multi Commodity Exchange rose by Rs 522, or 0.41 per cent, to Rs 98,406 per kg in a business turnover of 19,237 lots.Analysts said fresh deals by participants led to the rise in silver prices.Globally, silver was trading 0.39 per cent higher at $33.16 per ounce in New York.
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IDBI Bank shares rise nearly 8% to nine-week high on privatisation hopes
22 Mar

IDBI Bank shares rise nearly 8% to nine-week high on privatisation hopes

editorBusiness, News
IDBI Bank shares rallied nearly 8 percent on March 21 with trading volumes double the 20-day average, pushing the stock to a nine-week high for the fifth consecutive session. According to DIPAM Secretary Arunish Chawla, the disinvestment process of IDBI Bank is still on and is expected to be finalised in the next three months. In an exclusive interview with Network18, Chawla informed that major hurdles, including data room issues, have been resolved and due diligence has been completed. The government and LIC together are in the process of selling 61% stake in IDBI Bank, with the Centre holding 30.48…
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