The finance ministry said that India's gross direct tax collections grew 30 per cent to £83.6 billion till September 17 of current fiscal year on higher advance tax mop-up buoyed by the economic revival post pandemic.
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26th Nov 2022 | Updated at 09:37pm 26th Nov 2022
Tatas, SIA finalise merger deal of Air India and Vistara
The proposed merger of Air India and Vistara has been finalised by the Tata Group and Singapore Airlines (SIA). SIA would own the remaining portion in the combined company; Tata will have around 75% of it. In Vistara, Tatas and SIA hold 51%...
India to become third-largest economy by 2027: Morgan Stanley
India is on track to surpass Japan and Germany to become the third-largest economy in the world by 2027 and to have the third-largest stock market by 2030, with key investments in technology and energy, says Ridham Desai, Morgan Stanley’s Chief...
Most of major Gujarat public sector units (PSUs) have outperformed market indices this year, despite worsening inflation and the Ukraine-Russia war. The majority of these state companies have given higher returns, up to 138%, this calendar year.
Captains Niraj Chandan (head of flight safety), Vishesh Oberoi (head of operations) and Sorab Variava (head of training) – three senior executives of Jet Airways have resigned from their posts ahead of the relaunching of the airline. These posts...
Gautam Adani led Adani group will build three giga factories for manufacturing solar modules, wind turbines, and hydrogen electrolysers as part of a $70 billion investment in clean energy by 2030. The Adani group is stepping up investments across...
India imposed a 20 per cent export duty on non-Basmati rice except for parboiled rice to boost domestic supplies amid a fall in area under the paddy crop...
The Indian Railways aims to generate around £3 billion additional revenue over the next five years and afterward nearly £3 billion per year through the...
Reliance Industries (RIL) will obtain 79% stake in SenseHawk, a California-based software developer for the solar energy sector, for $32 million. The deal is part of RIL’s broader play in renewable energy, an area in which it last year announced...
Bengaluru-headquartered Bharat Electronics Limited (BEL) announced that it signed an MoU with Smiths Detection, a London-based threat detection and security inspection technology company, for offering advanced, high-energy scanning systems to...
SpiceJet, which is facing net loss to £78.9 million in the June quarter as high fuel prices and rupee depreciation adversely impacted the budget carrier. Amid the financial turmoil, the airline plans to raise $200 million and expects to complete...
The £5.12 billion net buying of Indian stocks by foreign funds in August, a 20-month high figure, has convincingly reversed a nine month continuous selling by these institutions. But flow-related volatility could continue for a while, brokers...
