FY22

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...

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...

State Bank of India (SBI) lost market share in debit card spends between March 2021 and March 2022, even as it managed to hold on to or improve its share in most other lines of business. The lender’s annual...

Mumbai-headquartered automotive major Mahindra & Mahindra has announced its financial results for Q4 FY2022 and the fiscal gone by.In FY22, the company sold 455,57 vehicles (+31%) and 350,981 tractors respectively (-0.12%) YoY. This helped the company report its highest-ever...

The Reserve Bank of India (RBI) intends to tighten the supervisory architecture for non-banking financial companies (NBFCs) in view of the systemic risks emerging from their size and interconnectedness.“Higher risk appetite of NBFCs has…contributed over time to their size,...

Reliance Industries’s revenue has crossed $100 billion in fiscal 2022, becoming the first Indian company to reach the milestone. The Tata Group, a collection of over 30 companies across 10 verticals, had a revenue of $103 billion in fiscal...

India’s collection from tax on personal and corporate income jumped over 48 per cent in the current fiscal after a 41 per cent surge in advance tax payments, mirroring sustained economic recovery in a year that witnessed two waves...

Country’s largest lender State Bank of India (SBI) is expecting to recover around Rs 8,000 crore from written-off accounts, including from NCLT resolved cases, in the current fiscal year to be ending on March 31, 2022.During the third quarter...

Commerce and industry minister Piyush Goyal said on Friday that the earlier plan to boost exports through subsidies hasn’t really yielded the desired results, but the new tax remission schemes for exporters, apart from being compatible with the World...

The Budget is focused on growth, but will face macro challenges, Japanese brokerage Nomura said in a report. First, the ability of the government -- both central and states -- to spend 2.9 per cent of GDP on capex...