BUSINESS
Maruti Suzuki gets Income Tax Dept order to pay up Rs 2,159cr
The draft assessment order dated October 3 is for the financial year 2019-20, the auto major said.
India’s services exports go up 8.4% to $28.72 bn in August
This comes as welcome news as data released by the Commerce and Industry Ministry last month based on an estimate had pegged services exports at $26.39 billion in August, which was a marginal decline from the corresponding figure of $26.5 billion for August 2022.
Suzlon shares hit new 52-week high
Suzlon shares are having a remarkable run in the last one year after it had hit a low of Rs 6.6 in October last year.
Coal production rose 16% year-on-year to 67.21 mn tonnes in Sep
The production of Coal India Limited (CIL) rose to 51.44 million tonnes in September 2023 as against 45.67 million tonnes in September 2022, thus recording a growth of 12.63 per cent.
Short-term trend of Nifty continues to be negative
On Tuesday, Nifty 50 closed with a loss of 110 points, or 0.56 per cent, at 19,528.75.
IT services growth rate is among the slowest over last decade
The softness seen in Q1 should continue across the board with no meaningful signs of recovery or deterioration in Q2. Our IT Services coverage universe should report a median revenue growth of 1.5 per cent QoQ/5.7 per cent YoY in 2QFY24, the report said.
IL&FS Group discharges aggregate debt of Rs 35,650 Cr across group companies
The Group has also completed an aggregate payment of approximately Rs 10,000 crore by way of interim distribution across 14 companies -- including two vertical holding companies (ITNL and IFIN) and the Group holding company (IL&FS Limited).
India now 2nd-biggest manufacturing hub for mobile phones globally
India is expected to export about 22 per cent of its total assembled mobile phones in 2023, according to Counterpoint Research.
Major negative for market is sustained FII selling
There are mixed cues for the October series, which historically has been a good month for markets.
After 13 days strike, onion auctions resume in Nashik wholesale markets
As news of the strike withdrawal spread, nearly a hundred trucks laden with onions started queuing up at various APMCs since dawn to participate in the auctions, including at Lasalgaon, Asia's biggest onion marketyard.
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