NEW DELHI (Reuters) – The Indian government’s monthly goods and services tax (GST) collection rose 12% year-on-year to a record high in April of 1.87 trillion Indian rupees ($22.88 billion), a government statement said on Monday. The government collected 1.60 trillion rupees of GST in March, and 1.68 trillion in April 2022. Efforts to control …
India collects record goods and services tax in April – statement Read More »
By Anuran Sadhu BENGALURU (Reuters) – Maruti Suzuki India Ltd expects some recovery in chip shortages in the second quarter, an executive at the country’s top carmaker said on Monday. The shortage, which affected the company’s April production, will continue in the current quarter ended June, the executive said. “Chip shortage will continue in Q1 …
Maruti Suzuki India expects chip shortage to ease in Q2 Read More »
NEW DELHI (Reuters) -Eleven people died and nine were hospitalised after a gas leak in Ludhiana in the northern Indian state of Punjab, a state lawmaker said on Sunday. A team from the National Disaster Response Force was at the site along with a team of experts to determine the cause and source of the …
Gas leak in India’s Punjab kills 11 people -official Read More »
(Reuters) -Twitter accounts of Indian broadcaster NDTV and the country’s ANI news agency were restored on Saturday after both said earlier in the day that their main Twitter accounts had been locked, without specifying a reason for the suspensions. ANI’s restored Twitter handle tweeted that their account seemed to be functioning. “Inconvenience regretted for the …
(Reuters) – Marcus Stoinis said he was happy to contribute in any way possible for Lucknow Super Giants after scoring 72 at number four to propel them to the second-highest total in Indian Premier League history in their 56-run win over Punjab Kings. Stoinis and Kyle Mayers (54) each scored half-centuries on Friday, while Ayush …
Cricket-Stoinis stars as Lucknow claim massive win over Punjab Read More »
NEW DELHI (Reuters) -India and Russia agreed to strengthen their defence partnership in talks between their defence ministers on Friday, the Indian government said, amid worries in New Delhi that the war in Ukraine was hurting its own military supplies from Moscow. Rajnath Singh and Sergei Shoigu held talks on the sidelines of a Shanghai …
India, Russia agree to boost longstanding defence ties Read More »
BENGALURU (Reuters) – India’s SBI Cards and Payment Services Ltd on Friday reported a surprise jump in its fourth-quarter profit, helped by strong consumer spending which outweighed higher funding costs. Profit after tax for the quarter ended March 31 rose 2.7% to 5.96 billion rupees ($72.8 million) from the previous year, while analysts had expected …
India’s SBI Card reports surprise Q4 profit growth on higher consumer spending Read More »
By Shilpa Jamkhandikar, Aditya Kalra and Munsif Vengattil MUMBAI (Reuters) – The video streaming business of Mukesh Ambani, Asia’s richest person, is likely to focus on pricing and local content following a deal with Warner Bros as it seeks to challenge the likes of Disney and Netflix in India, industry sources said. Under the content …
After Reliance-Warner deal, JioCinema pricing, local content in focus Read More »
By Nidhi Verma NEW DELHI (Reuters) – Indian refiner Chennai Petroleum Corp Ltd aims to almost double the processing of Russian oil in the current fiscal year that began in April, drawn to the discounts offered, its head of finance Rohit Kumar Agrawala said on Friday. Russia emerged as the biggest oil supplier to India …
India’s Chennai Petro aims to lift Russian oil intake in 2023/24 Read More »
NEW DELHI (Reuters) -India’s government on Friday named Siddhartha Mohanty as the first chief executive of the Life Insurance Corp of India (LIC), the country’s biggest insurer. Mohanty, a veteran of the company which listed in May last year in India’s biggest initial public offering, will lead LIC as chairman until June 2024 and then …
Veteran Mohanty named as first CEO of India’s largest insurer LIC Read More »
