BUSINESS
Ram Temple construction in Ayodhya likely to generate Rs 400 cr GST, Says Champat Rai
However, the actual collection figure in terms of tax would be known after completion of the construction works, Rai said at a public felicitation function here.
Supreme Court Overturns Bombay HC Ruling Penalizing SEBI, BSE, and NSE in 'Account Freezing' Case
The fine was imposed for the 'erroneous freezing' of the demat accounts of two Mumbai residents who were 'erroneously' labeled promoters.
Geopolitical Tensions, Digital Revolution, and Climate Change Redefine Global Development: WTO
The WTO further estimated that geopolitical tensions, regional conflicts, and trade sanctions have hit the stable foundation of world economic growth over the last 30 years and may result in trade fragmentation.
India’s Defence Exports Expected to Grow by 18% by 2030: Report
The report further said that the government is also building bilateral relations in order to encourage exports in the international market. The potential market opportunity for Indian defence companies is expected to increase at 14 per cent CAGR between FY24 to FY30E, said the report. "On one hand, the Indian government is emphasizing indigenization of defence. On the other hand, export of defence equipment is also being encouraged. This will increase the order inflow in the defence sector," the report mentioned.
Sensex Drops 1,017 Points; Investors Face Losses Exceeding ₹5 Lakh Crore
The market capitalization of all listed firms on the BSE went down by almost Rs 5.3 lakh crore to Rs 460.04 lakh crore as a result of the sharp fall. On Thursday, it was Rs 465.3 lakh crore.
India's Forex Reserves Rise by $2.3 Billion to Record High of $683.9 Billion
In the week ended August 23, the country's forex reserves jumped $7.023 billion to touch a new high of $681.68 billion.
Demat Accounts Surge to 171 Million in August, Adding 4 Million New Accounts
In fact, last month alone, 10 companies raised about Rs 17,000 crore through IPOs. An average of four million demat accounts have been added since 2024, per month. As many as 3.2 crore demat accounts have been opened in the first eight months of the current year. The reason for the opening of demat accounts in large numbers is also new IPOs in this calendar year. More than 50 companies have mopped up Rs 53,419 crore through IPOs since the start of 2024 as on August 31.
Maharashtra Leads in Attracting Highest FDI of ₹70,795 Crore in Q1 FY25
The neighboring Karnataka fared second by attracting investment worth Rs 19,059 crore, Delhi third with Rs 10,788 crore, Telangana fourth with Rs 9,023 crore, Gujarat fifth with Rs 8,508 crore, Tamil Nadu sixth with Rs 5,818 crore, Uttar Pradesh eighth with Rs 370 crore and Rajasthan ninth with Rs 311 crore.
US Pension Funds to Explore Investment Opportunities During India Visit Next Week
He said the visiting executives from the funds will also be meeting financial regulators like the RBI and SEBI and also trying to understand the booming IPOs in India, without disclosing their names or the investment targets.
India set to be world’s 3rd-largest economy by decade’s end, Says Gautam Adani
The Adani Group Chairman said, "As a nation, we have never been closer to this aspiration than today. We stand on the threshold of an amazing era, where India is going to emerge as one of the largest growth playgrounds the world will ever see."
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