Tuesday, May 18, 2021

Temporary retention of GST cess pending reconciliation not diversion: FinMin sources

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Finance ministry sources have countered CAG audit finding of central government wrongly retaining Rs 47,272 crore of GST compensation cess meant for states, saying...

Designs of hydropower projects compliant with Indus Treaty: India tells Pak

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India has told Pakistan that the designs of the Pakal Dul and the Lower Kalnai hydropower projects in Jammu and Kashmir, over which Islamabad...

L&T Finance Holdings Rights Successfully Oversubscribed

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L&T Finance Holdings Limited (“LTFH” or “Company”), one of the leading private sector Non-Banking Financial Companies in India*, present in businesses including rural finance,...

Corporate bond sales set to plunge in Q1 after best quarter in 5 years

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After posting their best quarter in five years, rupee bond sales by Indian companies are set to retreat in the three months to...

Government Announces ₹ 10,000 Special Festival Loan For Its Employees

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In order to stimulate consumer demand in the economy the government on Monday announced Special Festival Advance scheme wherein all the central government employees...

SBI Mutual Fund’s asset base grows 35% to Rs 5 lakh cr in Q4

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SBI Mutual Fund (MF) on Thursday said its asset base has crossed Rs 5 lakh crore-mark in the March quarter, becoming the first fund...

Rupee settles 17 paise lower at 73.46 against US dollar

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The rupee pared initial gains and settled for the day 17 paise lower at 73.46 (provisional) against the US dollar on Tuesday. At the interbank...

TCS To Buy Back Shares Worth ₹ 16,000 Crore, Quarterly Profit Misses Estimate

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Tata Consultancy Services (TCS) - the country's largest software services company - on Wednesday announced a buyback of shares worth up to ₹ 16,000...

TCS To Buy Back ₹ 16,000-Crore Shares, September Quarter Profit Up 7%

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Tata Consultancy Services (TCS) - the country's largest software services company - on Wednesday announced a buyback of shares worth up to ₹ 16,000...

GST Collections Cross ₹ 1 Lakh Crore In October, First Time In 8 Months

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The Goods and Services Tax (GST) collections in October was ₹ 1.05 lakh crore, crossing the ₹ 1 lakh crore mark for the first...

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Warren Buffett’s Berkshire Hathaway breaks up with 32-year long holding Wells Fargo

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Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment...

Edelweiss General Insurance launches IPOS, an end to end partner onboarding solution

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InsurTech start-up Edelweiss General Insurance (EGI), has launched yet another industry first digital offering, IPOS (Integrated Partner On-boarding Solution). This is a fully automated onboarding solution for...

Migsun beats lockdown, achieves sales amounting to Rs 80 crore in 21 days

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Migsun Group, one of the leading real estate developers of NCR, has announced that it has sold over 150 units amounting to approximately Rs...