Gautam Adani’s Adani Portfolio on Monday released its half yearly financial performance update. The integrated business portfolio, which focusses on fortifying India’s infrastructure development, has delivered a strong performance across all its businesses. The substantial cash flows from these businesses lay the foundation for sustained future growth. “The incubation continues to be a success story…
Finance Minister Nirmala Sitharaman on Monday said retail inflation is now “stable” and temporary increases in inflation on a few occasions are caused by demand-supply mismatches arising out of global shocks and adverse weather conditions. In a written reply to the Lok Sabha, Sitharaman said India’s retail inflation has declined from an average of 7.1…
Bhagwat Karad, Minister of State for Finance, said in the Lok Sabha that 12 cases of GST evasion involving Rs 345 crore have been detected against lottery distributors since July 2017. Karad in a written reply to Parliament on Monday said Rs 622 crore, including interest and penalty, have been recovered from lottery distributors from…
There are more than 67.95 lakh central government pensioners, including defence pensioners, as of March 31, 2023, the finance ministry revealed on Monday. The Department of Pension and Pensioners’ Welfare collected and furnished the data based on the database maintained by the Central Pension Accounting Office, Controller General of Defence Accounts, Ministry of Railways, Department…
Employees’ Provident Fund Organisation (EPFO), the retirement fund body, has invested Rs 27,105 crore in exchange-traded funds (ETFs) during the current fiscal till October, Parliament was informed on Monday. EPFO had invested Rs 53,081 crore in the ETFs during the fiscal 2022-23, higher than Rs 43,568 crore in 2021-22, Minister of State for Labour and…
The government is likely to stick to the budgeted estimate of total tax collection target of Rs 33.61 lakh crore for current fiscal in the revised estimates, a senior finance ministry official said on Monday. “So far, direct tax collection is up by about 20 per cent and indirect tax is higher by 5 per…
The two key equity benchmarks, Sensex and Nifty, on Monday ended on a positive note amid volatility. The S&P BSE Sensex, which scaled a high of 70,058, eventually closed 103 points higher at 69,929. On the other hand, the NSE Nifty 50, which hit a high of 21,026, ended at 20,997, up 28 points. On…
The government is now focusing on enhancing the manufacturing of electronic components in India and is working on developing a new scheme regarding the same, a senior government official said on Monday. Addressing the CII Electronic Summit, S Krishnan, Secretary, Ministry of Electronics and IT (Meity), stated that currently the majority of the domestic mobile…
In its latest Year In Search 2023 report, Google has disclosed the most notable search trends across the globe, spanning diverse categories such as news events, movies, memes, and more. The rankings are derived from search terms that experienced a substantial increase in popularity this year compared to the previous one. While some queries such…
The Reserve Bank of India (RBI) on Monday issued a warning to the people not to fall prey to misleading advertisements related to loan waiver offers in print media as well as on social media platforms. The central banking regulator in a statement on Monday said it has noticed certain misleading advertisements enticing borrowers by…
