Mumbai: Gross goods and services tax (GST) revenue for May 2024 stood at ₹1.73 lakh crore. This represents a 10 percent year-on-year increase, driven by strong growth in domestic transactions (up 15.3%) and a slowdown in imports (down 4.3%). After accounting for refunds, the net GST revenue for May 2024 is ₹1.44 lakh crore, showing…
Domestic equity indices opened at record highs on Monday after exit polls predicted a hat-trick for Prime Minister Narendra Modi in the results of the recently concluded Lok Sabha elections. Analysts said better than expected gross domestic product (GDP) of 8.2% in FY24 and S&P revising India’s rating outlook to positive from stable also buoyed…
The Reserve Bank of India (RBI) said the banking sector recorded higher credit growth in the first month of FY24, led by an increase in advances to the agriculture sector.On a year-on-year basis, non-food bank credit grow by 15. %3 in April compared with 16.2% growth a year earlier. In absolute terms, bank non-food credit…
The Ministry of Human Resources and Emiratisation made an announcement of the Midday Break – prohibiting work under direct sunlight and in open-air areas across the UAE – between 12:30 and 15:00, from 15th June until 15th September, 2024. The Midday Break takes into consideration the need to keep regularity in certain jobs that affect…
India Q4 GDP data live updates: India’s gross domestic product (GDP) for the January-March quarter (Q4FY24) and full year (FY24) of the financial year 2023-24 (Q4FY24) will be released on Friday, May 31. The macroeconomic data will come only days before the high-stakes Lok Sabha election results 2024 on Tuesday, June 4.In the last October-December…
The balance sheet of the Reserve Bank of India increased by 11.07 percent to Rs 70.47 lakh Crore in the financial year ending March 31, 2024, compared to Rs 63.44 lakh Crore in the financial year 2022-23.The growth on the asset side was led by growth in foreign investment, gold and loans and advances by…
Akasa Airline has started direct flights connecting Gorakhpur with Delhi and Bengaluru. Apart from Gorakhpur, the airline, which began flying in August 2022, flies to four other cities in Uttar Pradesh — Ayodhya, Varanasi, Lucknow, and Prayagraj. The inaugural flight from Gorakhpur to Delhi started on Wednesday(May 29), the airline said in a release on…
Indian Railway Catering and Tourism Corporation Q4 Results Live: Indian Railway Catering and Tourism Corporation announced its Q4 results on May 28, 2024. Topline increased by 19.66% and profit increased by 1.93%. Revenue increased 3.26% and profit decreased 5.27% compared to the previous quarter.Operating income decreased by 2.97% quarter-on-quarter and increased by 4.56% year-on-year. EPS…
The insurer’s total income during the quarter under review increased to Rs 2,50,923 Crore from Rs 2,00,185 Crore in the same period last fiscal, LIC said in a regulatory filing.Insurance giant LIC on Monday reported a marginal 2 % rise in net profit to Rs 13,763 Crore for the fourth quarter ended March 2024.The insurer…
This huge surge was supported by gains in banks and the financial sector. The 30-share BSE Sensex pack rose 599 points to hit a record high of 76,010, while the broader NSE Nifty index rose over 151 points to a new lifetime peak of 23,108.Domestic stocks made strong gains in Monday’s trade to touch their…
