Business News Updates

The over 7 per cent growth momentum in the economy has resulted in buoyancy in tax collections that gives the Finance Minister sufficient headroom to keep the fiscal deficit in check and push economic growth with stability.

This three-day extravaganza, scheduled to run until February 3, is set to showcase the prowess of the Indian automotive industry on a global scale.

Peppered with political innuendos, her sixth straight Budget may present a political document with a snapshot of the Modi government's triumphs over the last 10 years and pointers to how it wants to take the country forward.

The Reserve Bank's action against Paytm Payments Bank Ltd (PPBL) follows a comprehensive system audit report and subsequent compliance validation report of the external auditors.

The finance ministry said in a notification that the import duty on parts such as battery covers, main lens, back cover, other mechanical items of plastic and metal, among others, has been reduced to 10 per cent.

Union Finance Minister Nirmala Sitharaman is all set to present her sixth and this government’s final budget ahead of the elections for the fiscal year 2024-25 on February 1. 

The incident involving the IndiGo Delhi-Baku flight 6E 1803, is said to have occurred on January 28 evening.

As per reports, a special investigation committee, commissioned to investigate potential certification irregularities by Toyota Motor Corporation (TMC) affiliate company Toyota Industries Corporation (TICO), found irregularities in the horsepower output testing of three diesel engine models.

Market does not expect any major changes in taxation relating to the capital market. Therefore, any such proposal will have an impact on the market, he said.

Parents must navigate rising education costs by investing 13,000 rupees monthly in NIFTY50 ETFs, following Neha Nagar's advice to secure 1 crore rupees for children's future at 18.

Kinetic Green has announced that orders for the new electric two-wheeler, E-Luna will kick from today onwards, requiring a token amount of just Rs 500. Interested buyers can reserve their E-Luna on the official Kinetic Green website, with the pricing set to be disclosed in February.

According to Autocar India, Hyundai India is reportedly working on expanding the Creta range with the Creta EV. However, it seems to be bearing the Creta facelift’s design cues under the camouflage.

The gross direct tax collections of Rs 19,72,248 crore in 2022-23 have registered an increase of over 173.31 per cent compared to the corresponding figure of. 7,21,604 crore in 2013-14. The direct taxes include personal income tax and corporate tax.

As per reports, the automaker has decided to implement an average price hike of up to 0.7% on all passenger vehicles, including electric variants--encompassing well-known models such as Punch, Altroz, Tiago, Nexon, Harrier and Safari among others in the passenger lineup.

Based on the data available from the Union Ministry of Commerce and Industry, the city is likely to continue on its upward trajectory and register a close to 150 per cent surge in exports during the current financial year.