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The Economic Times
The Economic Times GST collection surges to Rs 20.14 lakh crore in FY24, marking an 11.7% increase
India's FY 2023-24 GST collection crosses Rs 20.14 lakh crore, up by 11.7 per cent. March 2024 witnesses a significant surge, hitting Rs 1.78 lakh crore, marking the second-highest monthly collection.
The Economic Times 'Indian economy making new records when several economies are struggling': PM Modi at RBI’s 90th anniversary ceremony
The RBI, established in 1935, operates as the country's central bank as per the recommendations of the Hilton Young Commission and governed by the Reserve Bank of India Act, 1934. Over the years, the RBI's responsibilities have expanded to include monetary management, financial system regulation, foreign exchange management, currency issuance, payment system oversight, and developmental functions.
The Economic Times PM Modi speaks on electoral bonds, says 'those dancing over bond details will repent it'
Addressing questions about whether the revelation of electoral bond details posed a setback for the ruling BJP, PM Modi told Thanthi TV during an interview, "Tell me what have we done that I should see it as a setback? I firmly believe that those dancing over it (bond details) and taking pride in it are going to repent."
The Economic Times "Just the trailer.." PM Modi heaps praises on the RBI for transforming India in the last 10 years
Prime Minister Modi praised the Reserve Bank of India's pivotal role in transforming the banking sector and the economy over the past decade at the central bank's 90th anniversary event in Mumbai. He highlighted the significant progress from previous challenges, emphasizing clear policies and decisions contributing to the sector's revival.
The Economic Times Centrum's fund modulus ropes in SBI veterans to drive growth
Raghavendra Rao, a former deputy managing director at the bank, Narayanan Sadanandan, a former CEO of SBI Pension Funds, and Anoop Krishna, former chief general manager of the corporate group at SBI, will join the private credit fund.
The Economic Times There could be trade-off between innovation and regulation: RBI DG Rajeshwar Rao
Rajeshwar Rao also pointed out that regulators must focus on achieving a delicate equilibrium that addresses the critical concerns without imposing an undue burden on regulated entities.
The Economic Times Ola Electric gets $50 million in debt financing from EvolutionX Cap
Ola Electric Mobility raised Rs 410 crore from EvolutionX Debt Capital, supported by DBS and Temasek. Founder Bhavish Aggarwal is pitching the IPO to global investors, aiming for a $7-8 billion valuation.
The Economic Times Zomato gets tax demand order of Rs 23 crore
Zomato to appeal Rs 23.26 crore tax demand from Karnataka for FY 2018-19, including GST of Rs 11,27,23,564. Confident in a strong case, Zomato plans legal proceedings within a specified timeframe.
The Economic Times Airtel arm penalised for alleged irregularity in claiming input tax credit: Filing
According to the filing, the penalty has been levied for "alleged irregular input tax credit claimed during the financial year 2018-19" on the company's subsidiary Telesonic Networks. The company received the order on March 30.
The Economic Times Hotel investments in India touched $ 401 million last year: JLL
India's hospitality sector attracted a record $401 million in investments in 2023, with significant growth in hotel transactions and increasing interest in tier two cities for hotel development, paving the way for a positive outlook in 2024.
The Economic Times Key indicators point to economic resilience at the end of FY24: NCAER
NCAER's economic review forecasts a strong outlook for India's economy, with robust manufacturing and service sector PMI, buoyant GST collections, and elevated inflation rates likely leading to unchanged policy rates in the upcoming Monetary Policy Committee meeting.
The Economic Times Bank of India receives Rs 1,128 cr tax demand order
According to the exchange filing the Bank is in the process of filing an appeal before the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC) against the said order within the prescribed timelines.
The Economic Times Real interest rates need to climb before RBI's easing cycle begins
Ahead of this week's scheduled review meeting of the Monetary Policy Committee, market watchers and investors are keen to know the timeline for India's rate easing cycle. However, the texture - and driver - of India's robust economic growth rates suggest their wait will perhaps be of some duration.
The Economic Times No urgent relief to Wadia Group in Bank of Baroda case
Bombay High Court denied Wadia Group's urgent relief against Bank of Baroda, related to a corporate guarantee for Go First Airlines. Nowrosjee Wadia & Sons Ltd sought an injunction due to a financial tie-up condition.
The Economic Times Adani emerges from Hindenburg blow stronger, sets sights on bigger things
The group has initiated various expansions and investments, including the establishment of a $1.2 billion copper plant, acquisition of a port in Odisha, increased ownership in a cement company, and formed a strategic partnership with rival Mukesh Ambani's Reliance Industries.
