Finance News

Net direct tax mop-up grows 16% to Rs 4.75 trillion: I-T department Net direct tax kitty swelled 16 per cent to Rs 4.75 lakh crore so far this fiscal, a reflection of economic activity gaining traction. The Income Tax department in a statement said the collection has touched 26.05 per cent of the total budget estimates of direct taxes for ...

Securitisation volumes surge 60% to Rs 55,000 cr in Q1: Crisil Report Robust loan collections and high credit growth at non-bank lenders led to 60 per cent jump in securitization volumes to Rs 55,000 crore in June quarter, a report said on Monday. This is the highest ever in the first quarter of a fiscal, rating agency Crisil said, attributing ...

What are FPIs and mutual funds buying and how should you ride the bull run? Market rally turning broad based in terms of number of stocks outperforming the benchmark index

Banks, consumer cos to brighten earnings in India amid IT uncertainties India’s banks have largely remained insulated from a global crisis in the industry with their heavy reliance on local markets

Govt allows ED to share data with GSTN, move to help recovery of GST The government has amended provisions of the money laundering Act to allow enforcement directorate (ED) to share information with GST Network. The move would help recovery of Goods and Services Tax (GST) evaded through money laundering. GSTN handles the technology backbone of the indirect tax regime ...

National Pension Scheme to add 1.3 million new subscribers in FY24 To roll out systematic withdrawal plan in October

Punjab National Bank infuses Rs 72.83 crore in its Bhutan subsidiary State-owned Punjab National Bank on Friday said it has infused Rs 72.82 crore in its Bhutan subsidiary Druk PNB Bank Ltd via a rights issue. The investment in Rights Issue has been made on July 7, 2023 through participation in the issue of Druk PNB Bank Ltd (DPNBL), PNB ...

Rupee hits six-week low against US dollar, loses 1% against greenback Stronger-than-expected job data firmed up expectation of further interest rate hike by the US Federal Reserve

Fund pick: HDFC Corporate Bond Fund Fund pick of HDFC Corporate Bond Fund

India's forex reserves rise by $1.85 billion to $595.05 billion: RBI India’s foreign exchange reserves rose by USD 1.853 billion to USD 595.051 billion in the week ended on June 30, the Reserve Bank of India said on Friday. The overall reserve had dropped by USD 2.901 billion to USD 593.198 billion in the previous reporting week. In October 2021, ...