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AG’s view on borrowing to meet cess shortfall to be discussed by GST Council Gross Goods and Services Tax revenue slid 14% last month to ₹87,422 crore, from the ₹1,02,083 crore collected in July 2019, data released by the Finance Ministry on Saturday show. Receipts were
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PTI New Delhi: Finance Minister Nirmala Sitharaman on Saturday said the Attorney General's view on GST compensation was sought after consultation with the states and a meeting of the GST Council would be held to discuss the legal opinion. The finance minister was responding to a question on
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PTI Mumbai: Yes Bank has taken over the headquarter of Anil Ambani's group in surburban Santacruz for failure to repay dues worth Rs 2,892 crore. The private sector lender has also taken possession of two flats in South Mumbai for the non-payment of dues by Reliance Infrastructure,
Business
New Delhi: Diesel prices have risen to a record high following twelve successive rate hikes in as many days by state oil companies. State oil companies raised prices of diesel and petrol by 64 paise and 53 paise per litre, respectively, on Thursday. With twelve straight hikes, the rates of
Business
A moderate correction in stocks after a week of significant gains. Reuters reports: "Indian shares slid on Friday, dragged by banking and financials as investors offloaded some overbought stocks, while muted Asian markets and rising domestic coronavirus cases added to the pessimism. The NSE Nifty 50 index fell 0.
Business
PTI New Delhi: Gold jumped Rs 244 to Rs 50,230 per 10 gram in the national capital on Wednesday following rally in international price, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 49,986 per 10 gram. Silver also witnessed buying as
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PTI Mumbai: The Indian rupee weakened by 21 paise to close at 75.20 against the US dollar on Friday, tracking lower equities as investors seemed moving away from riskier assets amid worries over mounting COVID-19 cases. Further, the stronger US dollar against key rival currencies also put pressure on
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PTI Mumbai: The rupee depreciated 9 paise to settle at 75.02 (provisional) against the US dollar on Wednesday tracking volatile domestic equities, rising crude oil prices and strengthening American currency. While foreign fund inflows supported the rupee, factors like strong dollar, volatile domestic equities and rising COVID-19 cases dragged
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PTI Mumbai: The rupee pared initial gains to settle down by 2 paise at 74.68 against the US dollar on Monday due to firming crude oil prices and dollar buying by importers. Gains in domestic equities, foreign fund inflows and a weak US currency helped restrict rupee losses, forex
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PTI New Delhi: Gold in the national capital zoomed Rs 647 to Rs 49,908 per 10 grams on Wednesday in line with gains in the international prices of the precious metal, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 49,261 per
Business
PTI Mumbai: Equity benchmark Sensex surrendered all its early gains to end 46 points lower on Tuesday as investors turned cautious ahead of Prime Minister Narendra Modi's address to the nation. After jumping 272.39 points during the day, the 30-share index turned negative and settled 45.72
Business
PTI Balance-sheet recession looms: S&P S&P Global Ratings on Friday said the Indian economy is in deep trouble with growth expected to contract by 5% this fiscal. “India’s economy is in deep trouble. Difficulties in containing the virus, an anaemic policy response, and underlying vulnerabilities,
