India’s Goods and Services Tax (GST) revenue surged to a record ₹2.37 lakh crore in April, marking a 12.6% year-on-year increase, government data showed. This is the highest monthly collection since the GST system was implemented on July 1, 2017. In comparison, GST collections for March stood at ₹1.96 lakh crore, a 9.9% rise over […]
GST Collections Hit Record High of ₹2.37 Lakh Crore in April, Up 12.6% YoY Read More »
Strides Pharma shares went up slightly on April 30 morning after the company announced that its US-based arm has acquired four approved drug applications (ANDAs) for the American market. The share was trading at Rs 657.40 on the BSE, up by 0.74 percent at 09:24 AM. These ANDAs have been purchased from Nostrum Laboratories Inc.,
Strides Pharma Gains After Buying 4 US Drug Approvals to Expand Product Range Read More »
The Reserve Bank of India (RBI) has announced a liquidity injection of Rs 1.25 lakh crore through open market operations (OMO) to help ease rising bond yields, especially after the recent tensions between India and Pakistan following the April 22 terror attack in Pahalgam. Bond yields, particularly on the 10-year benchmark government bond, have gone
RBI to Infuse Rs 1.25 Lakh Crore via OMO Purchases to Support Bond Market Amid Tensions Read More »
India’s economy is expected to grow by 6.5% in 2025, keeping its place as the fastest-growing major economy in the world, said the Reserve Bank of India (RBI). Despite the rise in global uncertainties, India’s growth remains strong compared to other large economies. RBI Governor Sanjay Malhotra shared this update during a speech in Washington,
RBI Projects India’s Economy to Grow at 6.5% in 2025 Despite Global Challenges Read More »
Reliance Industries Ltd (RIL) announced on April 25 that Anant M. Ambani, the youngest son of Mukesh Ambani, has been appointed as a whole-time director of the company. His five-year term will begin from May 1, 2025, after shareholder approval. Anant Ambani has already been serving as a non-executive director on Reliance Industries’ board. With
Anant Ambani Appointed Whole-Time Director at Reliance Industries for 5 Years Read More »
Indian stock markets saw heavy selling on April 25, with the Sensex falling over 1,000 points and the Nifty slipping below the 24,000 mark. This sharp fall came due to rising India-Pakistan border tensions, weak banking sector performance, and profit-booking by investors. The Sensex dropped 1,004 points or 1.25 percent to settle at 78,797.39, while
Sensex Crashes Over 1,000 Points, Nifty Below 24,000 as Indo-Pak Tensions Rattle Markets Read More »
Gensol Engineering Ltd has come under investigation after Power Finance Corporation Ltd (PFC) filed a complaint with the Economic Offences Wing (EoW) of Delhi Police. PFC, a government-owned NBFC, alleged that Gensol submitted false documents related to loan servicing. In a statement released on April 22, PFC said it is committed to protecting its interests
Gensol Engineering Faces EoW Probe After PFC Files Complaint Over Fake Documents Read More »
In a positive move, US President Donald Trump said he will be “very nice” towards China in upcoming trade talks. Speaking in Washington, Trump assured that tariffs on Chinese goods would not be as high as 145%, as previously imposed during the peak of the trade tensions. Trump mentioned that China would have no option
Donald Trump Signals Softer Approach on China Tariffs, Hints at Lower Rates Than 145% Read More »
Shares of IndusInd Bank fell 6% to ₹776 on April 22 after reports emerged that the bank has appointed Ernst & Young (EY) to conduct a second forensic audit. The new investigation will examine a ₹600 crore discrepancy in accrued interest income related to its microfinance portfolio. This development comes alongside an ongoing audit by
IndusInd Bank Shares Drop 6% Amid Second Audit into ₹600 Crore Interest Discrepancy Read More »
Shares of HG Infra Engineering rose 5% to ₹1,197 on April 22 after the company was named a qualified bidder by Gujarat Urja Vikas Nigam for a major battery storage project. The project involves setting up a Standalone Battery Energy Storage System (BESS) with a capacity of either 300 MW or 600 MWh, under Phase-VI
HG Infra Shares Gain 5% After Qualifying for Gujarat Battery Storage Project Read More »
