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Economy
Record Rs 1,47,686cr gross GST revenue collected in Sep
New Delhi, Oct 1: The gross GST revenue collected in the month of September 2022 is Rs 1,47,686 crore which is nearly 26 per cent higher than the GST revenue in the same month last year.
As per the Ministry of Finance, during the…
RBI repo rate hike: Not much of an impact on home loan borrower
Chennai, Oct 1: Mixed views were expressed by housing finance companies and real estate players on the impact of Reserve Bank of India's (RBI) decision to hike the repo rate by 50 basis points to 5.90 per cent.
They also said the…
Jio to bring 5G to every Indian by Dec 2023: Mukesh Ambani
New Delhi, Oct 1: Reliance Industries Chairman and Managing Director Mukesh Ambani on Saturday announced that Jio will bring 5G services to all Indians by December 2023.
Addressing the sixth edition of Indian Mobile Congress…
PM Modi launches 5G services in India
New Delhi, Oct 1: Prime Minister Narendra Modi launched 5G services in India today at a telecom event in Delhi. The service is expected to progressively cover the entire country over the next couple of years, potentially…
Assam: Skill development centre built at Rs 36cr inaugurated
Guwahati, Sep 28: An integrated Skill Development Centre in Dima Hasao district of Assam was inaugurated on Wednesday in the presence of Chief Minister Himanta Biswa Sarma.
The centre, built at a cost of Rs 36.60 crore, has been…
RBI expended about $80bn or 15% of reserves moderating rupee fall
New Delhi, Sep 23: The Reserve Bank of India (RBI) now has little option but to let the rupee slide gently - the rupee is down 9.6 per cent YTD even as DXY has appreciated nearly 20 per cent, probably the fastest rise on record, Emkay…
Rupee ends almost flat at 79.75 against US dollar
Mumbai, Sep 20: The Indian rupee ended almost flat against the US dollar on Tuesday with just 2 paise gain, at 79.75.
Dealers said that the marginal rise was witnessed due to gains in domestic equities and traders remained on…
SBI to raise upto Rs 4,000 cr via Basel-III Tier-II bonds
Mumbai, Sep 19: The State Bank of India (SBI) has planned to raise up to Rs 4,000 crore, which includes Rs 2,000 crore in greenshoe through Basel-III Tier-II bonds maturing in 15-years, dealers said.
The bidding for the bonds…
World Bank warns of rising global recession risk amid simultaneous rate hikes
Washington, Sep 16: As central banks across the world are simultaneously hiking interest rates in response to inflation, the world may be edging toward a global recession in 2023, the World Bank warned.
Central banks around…
RBI likely to increase repo rate by 50 basis points to 5.9% in Sep policy: Morgan Stanley
Mumbai, Sep 16: The Monetary Policy Committee in the September credit policy is likely to increase the repo rate by 50 basis points to 5.90 per cent and will keep stance unchanged, according to a report by Morgan Stanley.
"We were…