Wednesday, November 30, 2022

FY22

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...

Income tax returns increased in FY22 over the previous fiscal

The number of income tax returns has increased in FY22 over the previous fiscal, Central Board of Direct Taxes Chairman Sangeeta Singh said on Saturday.Talking to PTI, Singh said the number of income tax returns last fiscal was 7.14...

Govt to monetise Rs 75K cr coal assets

The government plans to monetise assets worth Rs 75,220 crore in the coal mining sector in the current financial year. The monetisation of coal blocks is likely to generate a revenue of Rs 52,200 crore, followed by Rs 20,320...