Anti cow slaughter Bill
Reliance Industries Reports Robust Q1 FY25 Gross Revenue of Rs 2.57 Lakh Crore
EBITDA for the quarter at Rs 42,748 crore ($5.1 billion) was up 2 percent yearon-year. Strong contributions from the oil & gas and consumer segments supported growth, offsetting a weak O2C operating environment.
Japan’s Toshiba Group to Pump Rs 500 Crore into Expanding Operations in India
TTDI offers an array of clean technologies related to renewable energy, including photovoltaic inverters, power transformers, gas-insulated switchgear, and transformers for inverter duty.
FICCI Report: FY25 GDP Growth Projected at 7%, Emphasis on Tax Reforms and Job Creation
As per the survey, the median growth for agriculture and allied activities is pegged at 3.7 percent for 2024-25. "The same is an improvement compared to 1.4 percent growth registered in 2023-24. The diminishing negative effects of El Nino also bring along the expectations of normal southwest monsoon, which is likely to be supportive of higher agriculture production," the industry body said.
India's Q1 FY25 Exports Strong Despite Challenges, Core Sectors Thrive
In contrast, handmade carpets, jute manufacturing including floor coverings, and leather and leather products have declined. More noticeably, petroleum exports dropped by 18.3% year-on-year and by 18.5% month-on-month in June.
Automobile Sales Surge in Q1 FY25 Driven by Economic Growth and Rural Demand: SIAM
SIAM registered a 3 per cent increase with 1,026,006 units sold as against the same period last year. Utility vehicles contributed 18 per cent while vans registered a 9.2 per cent growth.
RBI’s Record Dividend Reduces Need for Major Divestments; Government to Stick to Rs 50k Crore Target: Report
"With a bumper dividend from the RBI, the central government's fiscal position remains comfortable, which may limit the urgency to push ahead with big-ticket divestments," it said.
India's Fiscal Deficit Shows Significant Decline in Initial Months of 2024-25
Net direct tax revenues were at Rs 3.19 lakh crore during April-May, which is around 12 percent of the annual target, compared with Rs 2.78 lakh crore in the comparable period last year. Overall expenditure of the government was at Rs 6.23 lakh crore or around 13 percent of the annual target, slightly lower than the Rs 6.26 lakh crore spent during April-May 2023.
SBI Board Greenlights Rs 20,000 Crore Long-Term Bond Issue
Its shares ended 1 percent higher at Rs 854 on the Bombay Stock Exchange.
India Sees Strong 21% Rise in Net Direct Tax Collections for FY25
The net direct tax collection includes Corporation Tax CIT of Rs 1,80,949 crore, and Personal Income Tax PIT, including STT, of Rs 2,81,013 crore net of refunds.
Oil and gas industry delivered $2.8billion a day in pure profit for last 50 years
The vast total captured by the petrostates and fossil fuel companies since 1970 is $52 trillion, providing the power to "buy every politician, every system" and delay action on the climate crisis, said Professor Aviel Verbruggen, the author of the analysis. The huge profits were inflated by cartels of countries artificially restricting supply.
Advertisement