Business

New Delhi: India’s Goods and Services Tax (GST) collections surged by a robust 10.3 per cent to Rs 1.82 lakh crore in July compared to the same month of the previous year, according to official data released Thursday. The collections were higher than the previous...

Mumbai: Infosys shares fell Thursday after it received a GST notice citing an alleged Rs 32,000 crore tax evasion, a claim that the IT major has disputed. Infosys shares that opened at Rs 1,850 were trading 0.5-1 per cent low. The company’s share has gained...

Bhubaneswar: The Assembly Wednesday passed the Odisha Appropriation (Vote-on-Account No.2) Bill, 2024, which authorises the state government to withdraw Rs 95,000 crore from the Consolidated Fund for use in August and September of the current 25 financial year. Chief Minister Mohan Charan Majhi, who also...

New Delhi: GST authorities have slapped a Rs 32,403 crore notice on Infosys for services availed by the company from its overseas branches for five years starting 2017. Infosys, in a stock exchange filing, called the notice a 'pre-show cause' notice and said it believes...

Bhubaneswar: Odisha government has detected misappropriation of funds to the tune of Rs 224.61 crore in different cooperative banks across the state, Cooperation Minister Pradeep Bal Samanta told the Assembly Wednesday. The irregularities were detected during audits of Odisha State Cooperative Bank (OSCB), 17 Central...

Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi Wednesday tabled a vote-on-account in the Assembly to meet various government expenditures for August and September. Odisha Appropriation (Vote-on-Account) Bill, 2024 was presented by Majhi, who also holds the finance portfolio, for an amount of Rs 95,000 crore....

New Delhi: Maruti Suzuki India Wednesday reported a 47 per cent jump in its net profit to Rs 3,650 crore for the April-June quarter on account of cost reduction efforts, favourable commodity prices and foreign exchange gains. The auto major had posted a net profit...

Mumbai: Mahindra & Mahindra Wednesday posted a 20 per cent increase in its consolidated net profit at Rs 3,283 crore for the first quarter ended June 30, 2024. The Mumbai-based company had reported a profit after tax of Rs 2,745 crore in the year-ago period....

New Delhi: Finance Minister Nirmala Sitharaman Wednesday said the Union Budget strikes a fine balance between growth, employment, capital investment, and fiscal consolidation, among others. Replying to the discussion on Union Budget 2024-25 and Union Territory of Jammu and Kashmir in Rajya Sabha, the minister...

Mumbai: Benchmark BSE Sensex rose by nearly 286 points to close at a record high while Nifty settled above 24,950 level Wednesday, extending their winning run to the fourth day on gains in metal, power and select auto shares. The 30-share BSE Sensex settled higher...