Maruti, Hyundai, Tata Motors report best ever wholesales in FY23
Maruti Suzuki, Hyundai and Tata Motors reported their highest ever dispatches to dealers in the last financial year, helping the domestic passenger vehicle industry to usher in its best ever performance. The country’s largest carmaker Maruti Suzuki India registered its…
The government’s total liabilities increased by 2.6% to Rs 150.95 lakh crore. In Q3 FY23: Report
In absolute terms, the government’s total liabilities, including liabilities under the ‘public account’, stood at ₹1,50,95,970.8 crore at the end of December 2022.
ECB’s de Guindos warns of wider risks in the financial sector
The European Central Bank (ECB) is monitoring broader risks in the financial sector and will act to maintain stability in the euro area, ECB Vice President Luis de Guindos said in a speech on Saturday. Mr de Guindos offered reassurance…
Fast growing aerospace sector globally; Recession unlikely to impact: Eaton’s Goh
Desmond Goh, Managing Director – Asia Pacific, Aerospace Group, Eaton. The aerospace industry, which involves research, development and manufacturing of the entire gamut of systems, electronics and equipment for both civil and defense sectors, is currently witnessing a boom globally…
Sebi asked to probe some of Adani’s offshore deals for possible regulatory violations
India’s markets regulator is probing possible violations of ‘related party’ transaction rules in the Adani Group’s transactions with at least three offshore entities that have links to the group’s founder’s brother, two people said. The three entities allegedly entered into…
‘Centre’s borrowing cost to increase marginally due to increase in small savings rate’
The Centre’s decision to hike interest rates on most small savings schemes by 10 to 70 basis points for this quarter will increase the government’s interest cost to 6.75% from 6.47%, according to an assessment by Bank of Baroda economists….
Global uncertainties hit office demand, gross leasing down 19% in January-March across 6 cities: Colliers India
India’s office demand has been hit by global economic uncertainties, with a 19% decline in office gross leasing in January-March across six major cities, according to Colliers India. Real estate consultant Colliers India on Saturday released data on the office…
SEBI bans 3 persons from securities market for two years; ₹90 lakh fine in ZEEL insider trading case
SEBI has notified Zee Entertainment Enterprises Ltd. (ZEEL) has banned three persons from the securities market for two years and imposed a total fine of ₹90 lakh on them in a case relating to insider trading activities. Three persons banned…
India’s SAIL targets record steel production in 2022/23
Steel Authority of India (SAIL), the country’s largest state-owned steel producer, on Saturday said it recorded a record high annual production for the year ending March 31, 2022/23. The steelmaker produced 19.41 million tonnes of hot metal, up 3.6%. from…
March second highest GST collection of Rs 1.60 lakh crore
The gross GST revenue in March 2023 is Rs 1,60,122 crore, of which central GST is Rs 29,546 crore. New Delhi: GST collections grew by 13 per cent in March to reach the second highest level of Rs 1.60 lakh…
