Tuesday, February 7, 2023

FY22

Economy to grow 6-6.8% in FY24: Eco Survey

India’s economy is projected to slow to 6-6.8 per cent in the fiscal year starting April - still remaining the fastest growing major economy in the world - as extraordinary challenges facing the globe will likely hurt exports, the...

ONGC, Indian Oil, Power Grid top profit making PSUs in FY22

The net profit of operating public sector enterprises jumped 50.87 per cent to Rs 2.49 lakh crore during 2021-22, with ONGC, Indian Oil Corp, Power Grid, NTPC and SAIL emerging as the top five performers, according to a government...

Over 6.85 crore IT returns filed for FY22 so far

Over 6.85 crore income tax returns have been filed so far for fiscal 2021-22 and the number is expected to go up further by December 31, a senior official said.The last date for filing income tax returns (ITRs) for...

Byju’s pays $234 million to Blackstone for Aakash

Edtech major BYJU’s has finally paid the remaining dues of nearly Rs 1,983 crore (over $245 million) to global VC firm Blackstone in the $1 billion acquisition of Aakash Educational Services.People close to the development told IANS that BYJU’s...

States’ revenue growth to slide to 7-9 percent

States’ revenue growth will slide to 7-9 per cent in FY23 even as handsome GST collections will help in the accretion, a report said on Wednesday. The revenue growth had galloped 25 per cent in FY22 courtesy a lower...

AMNL to indirectly acquire 29.18% stake in NDTV

Adani media arm AMG Media Networks Ltd’s (AMNL) wholly-owned subsidiary VCPL, which holds warrants of NDTV’s promoter group company RRPR Holding Private Ltd (RRPR), entitling it to convert them into 99.99 per cent stake in RRPR, has exercised the...

5.83 crore income tax returns filed for FY22

The Income Tax Department has received about 5.83 crore tax returns, largely from salaried and individual category taxpayers, by the end of the financial year 2021-22 filing season on July 31, officials said Monday. The latest numbers are about...

Tata Motors global wholesales up 48% in Q1

Tata Motors on Friday said its global wholesales, including that of Jaguar Land Rover, rose 48 per cent to 3,16,443 units in the first quarter of the current fiscal.The auto major had dispatched 2,14,250 units to dealers in the...

PLI scheme could boost India’s GDP by 4% annually: Emkay

The production-linked incentives (PLI) scheme, which seeks to boost manufacturing in key areas by offering nearly Rs 2.4 lakh crore in incentives over the next five years, can add 4 per cent to the GDP annually in terms of...

FM Nirmala hails shock-absorbing capabilities of Indian retail investors

On June 7, Finance Minister Nirmala Sitharaman, while speaking at an event of the Corporate Affairs Ministry as part of the ‘Azadi ka Amrit Mahotsav’, had said that retail investors seemed to act as “shock absorbers” even when foreign...