BUSINESS
SBI's Net Profit Remains Steady at ₹17,035 Crore for April-June Quarter
The bank's total income for the quarter grew to ₹1,22,688 crore, compared to ₹1,08,039 crore in the April-June quarter of the prior year. Interest income also saw an increase, reaching ₹1,11,526 crore versus ₹95,975 crore in the corresponding period of the previous year.
Government Greenlights Eight High-Speed Road Corridors with Rs 50,655 Crore Investment
These projects could be set to have an output of approximately 4.42 crore mandays of direct and indirect employment. The Cabinet Committee on Economic Affairs has given a go-ahead to some of the significant corridors are the 6-Lane Agra-Gwalior National High-Speed Corridor, 4-Lane Kharagpur-Moregram National High-Speed Corridor, and 6-Lane Tharad-Deesa-Mehsana-Ahmedabad National High-Speed Corridor,
Zomato Stock Climbs 12% Following Impressive Q1 Results
Zomato shares have seen tremendous action over the last one year, zooming 206 per cent. It has moved up nearly 109 per cent since the beginning of this calendar year, 81 per cent in the last six months, and about 25 per cent in the last one month.
Infosys Announces Withdrawal of GST Notice by Karnataka Authorities
The country's second-largest IT company made headlines on Wednesday when GST authorities issued a notice of ₹ 32,403 crore for services the company availed from its overseas branches for a five-year period starting in 2017. Infosys explained that this is a 'pre-show cause' notice and reiterated that GST should not be applied to these expenses.
GST Collections for July Rise 10.3% to Reach Rs 1.82 Lakh Crore
The gross GST collections have been Rs 7.39 lakh crore for the first four months of the current fiscal—up 10.2 per cent over the comparative period last year. In July, domestic GST collections were up 8.9 per cent, while revenues from imports rose 14.2 per cent, quite substantially.
Infosys Faces Rs 32,403 Crore GST Demand Notice from Authorities
In a filing to the stock exchange, Infosys referred to the notice as a ‘pre-show cause’ notice and asserted that GST does not apply to these expenses.
SEBI Chairperson Vows to Prevent Paytm-Style Issues in Stock Markets
According to Buch, all of the problems that surfaced in Paytm were within its own framework; these problems had not contaminated the banks. But she had warned that if Paytm was allowed into the market without bringing it under KRA oversight, there could be a risk of contamination.
India's Eight Key Industries Record 4% Growth in June
Electricity generation also rose by 7.7 percent in the same period.
India Leads Top 5 Stock Markets with Market Cap Surpassing $5.5 Trillion
In comparison, the US stock market moved up by 13.50 percent during this period, Hong Kong by 4.15 percent, Japan by 4.02 percent, while that of China dropped by 13.61 percent.
For becoming a developed nation by 2047, India needs $30 trillion economy by that time: NITI Aayog
The present GDP of $3.36 trillion will need to increase nine times, and per capita income from the existing $2,392 per annum eight times, if that were to happen, according to 'Vision for Viksit Bharat @ 2047, An Approach Paper'.
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