Direct Tax-To-GDP Ratio Touches 23-Year High At 6.11% In FY23: CBDT The government’s direct tax-to-GDP ratio touched a 23-year high of 6.11 per cent in the 2022-23 fiscal year, official data from the Central Board of Direct Taxes revealed on Tuesday. The data showed that the government’s direct tax collections increased 17.8 per cent to … Read more
Rupee Slips 6 Paise To Hit 83.13 Against US Dollar In Early Trade The rupee depreciated 6 paise to touch 83.13 against the US dollar in the morning session, due to surging crude oil prices and dollar demand from importers. Forex traders noted that the domestic unit is trading in a narrow range after the … Read more
Home Minister Amit Shah said on September 29 that India was the first choice of global companies which want to shift their production from other countries. He said India would become the third largest economy by 2027. Mr. Shah said the time had come to change both the size and scale of the Indian industry and … Read more
Nawaz Sharif has announced his return to Pakistan on October 21. (Reuters File Photo) Lahore: Pakistan’s self-exiled former prime minister Nawaz Sharif has said that his country is begging money from the world while India has reached the moon and hosted the G20 summit, blaming the country’s former generals and judges for its economic mess. … Read more
Signature Global Raises Rs 318.5 Crore From Anchor Investors Ahead Of IPO Launch Realty firm Signature Global raised Rs 318.5 crore from anchor investors prior to it’s initial public offer (IPO) launch. The company said in it’s regulatory filing that anchor investors including Nomura have subscribed to 82,72,700 equity shares at Rs 385 per share. … Read more
Jupiter Lifeline Hospitals Debuts At 32% Premium Over Issue Price In Stock Market Jupiter Lifeline Hospitals Ltd made it’s debut in the stock market on Monday with a premium of about 32 per cent over it’s issue price. The stock opened on the NSE at Rs 973 per share, higher than it’s issue price of … Read more
The Indian stock market has outperformed major markets in the world on a three-year, five-year and 10-year basis. The Nifty large cap index has delivered a 10.9 per cent annualized return over the past 10 years, compared to 6 per cent of the US index and 2.7 per cent of China’s market, according to a … Read more
Manufacturing PMI Rises To 58.6 In August: S&P Global India’s manufacturing Purchasing Managers’ Index (PMI), rose to 58.6 in August from 57.7 in July, said S&P Global on Thursday. “Rising from 57.7 in July to 58.6 in August, the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) indicated the second-best improvement in the … Read more