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Direct tax kitty increases 22%, cushion for government to spend more
India's Gross Direct Tax Collections surged by 22.2% to reach Rs 5.15 Lakh Crore, supporting higher government spending. The finance ministry's latest data highlights a 27.3% boost in advance tax collections, mostly from the corporate sector. Refunds amounting to Rs 53,322 crore have been issued in the FY2024-25 till June 17, 2024. -
L&T short of 45,000 workers & techies: MD
Severe shortage of skilled labour at L&T impacting projects, with 25,000 labourers and 20,000 engineers needed. Weather, elections, and skilled workers moving abroad contribute to the crisis. The company faces 10-12% attrition, leading to challenges in recruitment. Initiatives like transport, health provisions, and skill centers aim to mitigate the issue, as the broader industry also encounters similar shortages. L&T has been facing manpower shortages on and off . Last year, SNS had said -
MCA Denies Clean Chit To Byju's In Financial Fraud Case, Confirms Ongoing Probe
The Ministry added that proceedings under the Companies Act, 2013, initiated by the MCA are still ongoing and no conclusions should be drawn at this stage. -
Dr Reddy’s to buy UK company's nicotine gum business for Rs 5,000 crore
Dr Reddy's Laboratories is set to acquire Haleon Plc's NRT business, including Nicotinell, for GBP 500 million. The deal encompasses various NRT formats and potential contingent payments. This acquisition marks a significant step for Dr Reddy's in strengthening its position in the global consumer healthcare market outside the US. -
This Car Worth Rs 9.49 Lakh Becomes Fastest Indian Hatchback, Check Features & Specs
The title of 'Fastest Indian Hatchback' was awarded to the Tata Altroz Racer by the India Book of Records on June 12, 2024.
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'Bosch weighs offer for appliance maker Whirlpool'
German engineering group Robert Bosch is weighing a bid for US appliances manufacturer Whirlpool, according to three people familiar with the matter, a move that would boost its position in the household appliances market. Bosch has been talking to potential advisers about the possibility of making an offer for Whirlpool, which has a market capitalisation of about $4.8 billion, one of the sources said. Whirlpool has lost almost 50% of its market value over the past two years. -
Three Upcoming SUVs To Challenge Tata Nexon's Dominance - Details
Upcoming SUVs: To challenge Tata Nexon's dominance, manufacturers like Hyundai, Skoda, and Nissan are planning to update their current models available in the segment alone with the launch of entirely new products. -
Nissan X-Trail Teased Ahead Of India Launch; Check What's been Revealed
Built on the Renault-Nissan CMF-C platform, the X-Trail will be offered in both 5-seater and 7-seater configurations.
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Top Stocks On D-Street: Bharti Airtel, SBI, And Vedanta Among 7 In Spotlight Today
The engineering company's shares soared over 65 per cent, closing at Rs 35.32 after a strong debut. -
Budget 2024 income tax expectations: Why 50% HRA exemption should include cities like Bengaluru, Hyderabad
Budget 2024 income tax expectations: Like every year, salaried individuals are looking at FM Sitharaman to provide tax relief in the form of reduced tax rates, changed income tax slabs and even higher deductions. -
Banks Advising Hyundai On Its India IPO Set To Get $40 Million In Fees
A report in the Reuters news agency has said that Hyundai India "will pay banks, including JPMorgan, Citigroup and HSBC, 1.3% of the IPO size". -
SBI Raises Rs 10,000 Crore Through Infrastructure Bonds: Details Here
The investors were across provident funds, pension funds, insurance companies, mutual funds, corporates etc. -
New BMW M5 Revealed; Check What This Hybrid Vehicle Will Offer
The new BMW M5 continues to feature the 4.4-litre twin-turbo V8 engine.
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Yes Bank sacks at least 500 employees; more staff may be laid off in coming days
Yes Bank is aiming to reduce expenses by focusing on digital banking and minimizing manual processes. The ongoing restructuring initiative is also expected to contribute to lowering the bank's operational costs. -
Adani Enterprises to invest $21 billion in its airport business over the next 10 years
Adani Group's airport business, managed by Adani Airport Holdings, a wholly owned subsidiary, currently operates seven airports across India, including those in Mumbai, Lucknow, Ahmedabad, Jaipur, Guwahati, Thiruvananthapuram, and Mangalore. -
Why Has Indian Railways Decided To Reduce Speed Of Vande Bharat And Gatiman Express -- Explained
According to media reports, this decision--on reducing train speed-- follows a proposal from the North Central Railway to the Railway Board.
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No Jobs for Married Women In iPhone Factory In India? Foxconn Faces Discrimination Claims
Parvathi and Janaki, two sisters in their 20s from a nearby village experienced this discrimination personally. -
India's Debt-GDP Ratio Dips To 18.7 Per Cent In March 2024
India's external debt stood at $663.8 billion, an increase of $39.7 billion over its level at end-March 2023. -
Relief for taxpayers soon? ‘Faceless' income tax assessment mechanism to be made friendlier
Efforts are ongoing to enhance compliance and streamline the faceless income tax assessment system, addressing challenges such as adverse orders due to video conferencing and a long pendency for faceless appeals even after taxpayers submit responses. -
Indian Railways reviews safety measures after Kanchanjunga Express accident
Indian Railways is conducting a comprehensive safety review after a recent train accident in West Bengal, focusing on enhancing ABS systems, fail-safe protocols. -
India tops list of countries receiving highest remittances; Indian diaspora sends home record $107 billion
India continues as the top remittance recipient, with the US being the major source. The World Bank predicts a 3.1% growth in remittances to low-and-middle income countries due to weaker global economic activity in 2024. -
Not Allowed To Work From Home? Check This Employee's SAVAGE Response, Internet Rallies Behind Him
An employee was barred from WFH, which led him to doing THIS in response. Check. -
Infosys & Wipro see sharp decline in number of employees earning over Rs 1 crore - here’s why
Number of crorepati employees at Indian IT companies dips! The post-pandemic surge in demand for digital services had initially led to a fierce talent war, with companies like Infosys, Wipro, TCS, and HCLTech offering substantial salary increases to attract the best talent. -
Yes Bank Lays Off 500 Workers; More Job Cuts Likely: Report
The laid off employees will be given three months salary as severance package. -
Stock market today: BSE Sensex surges over 500 points, moves above 78,500; Nifty50 above 23,800
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, continued to scale new highs in trade on Wednesday. While BSE Sensex crossed 78,500, Nifty50 was above 23,800 -
Stock market today: BSE Sensex moves above 78,100; Nifty50 near 23,750
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Wednesday. While BSE Sensex moved above 78,100, Nifty50 was also near 23,750. -
Stocks In Spotlight 26 June 2024: Five Stocks To Track Today
Ahead of the opening bells on 26 June 2024, here are the stocks that you can track today.
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Moving towards 8% growth, RBI to focus on inflation: RBI governor Das
According to RBI governor Shaktikanta Das, India is on the brink of a significant transformation in its growth path, aiming for a sustained annual growth rate of 8%. He emphasized that this growth projection allows the RBI to prioritize tackling inflation with clear and focused efforts. Supporting the higher growth forecast was the continuation of the Q4FY24 growth momentum in Q1FY25, a pick up in rural consumption, favourable monsoon and a rise in external demand. -
Sensex breaches 78,000 mark for 1st time, Nifty at record high as bank stocks surge
The BSE Sensex and NSE Nifty surged to record highs, driven by private bank stocks like Axis Bank, ICICI Bank, and HDFC Bank. The market also witnessed notable achievements such as ICICI Bank crossing a market cap of $100 billion and the current high valuations of Indian equities. -
2024 Jawa 350 Launched with Alloy Wheels and New Colours; Check Details
The Jawa 350 is powered by a 334cc, single-cylinder, liquid-cooled engine, producing 22bhp and 28.2Nm of torque.
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