Union minister for railways, information & broadcasting, and electronics & IT Ashwini Vaishnaw NEW DELHI: India’s mobile phone manufacturing sector has generated Rs 25,000 crore in direct tax collections, exceeding the Rs 19,000 crore paid out by the government as incentives under its production-linked incentive (PLI) scheme.Union minister for electronics and information technology Ashwini Vaishnaw…
File photo: Larsen & Toubro NEW DELHI: Engineering major Larsen & Toubro (L&T) on Tuesday reported a 32.5% rise in net profit to Rs 5,202 crore for the quarter ended Sept 2026, driven by higher revenue.The company had posted a profit of Rs 3,926 crore in the year-ago period. L&T achieved consolidated revenue of Rs…
File photo: Reliance Industries to announce Q2 results on October 30, consider fundraise through debentures MUMBAI: Reliance Industries on Tuesday said its board will meet on October 30 to consider a fund-raise programme through the issuance of listed redeemable non-convertible debentures. On Friday, the company is scheduled to review and approve its financial results for…
Dalal Street’a movement will be guided by elevated crude oil prices, global market cues and the US Federal Reserve’s policy commentary, with investors also tracking Jio Platforms’ much-anticipated stock market debut. Earlier on Tuesday, benchmark indices ended nearly flat, as gains in broader market segments contrasted with weakness in banking, financial and IT shares. Rupee…
NEW DELHI: Following up on GST Council decisions, Central Board of Indirect Taxes and Customs has issued over half a dozen detailed circulars on steps to reduce litigation and appeals, issuing show cause notices to taxpayers and speeding up registrations and changes that businesses need to make. In addition, it has sought to address concerns…
Government has identified around 120 products for a domestic manufacturing push to cut import dependence (AI-generated image) NEW DELHI: Government has identified around 120 products, including intermediates and capital goods, for domestic manufacturing push and to reduce dependence on imports, with a separate plan for tunnel boring machines in the works after China imposed restrictions…
File photo: Noel Tata and N Chandrasekaran MUMBAI: Tata Trusts chairman Noel Tata on Monday challenged the resolution to reappoint N Chandrasekaran as the chairman of Tata Sons, which was passed at the Sept 17 board meeting of the holding company of the country’s largest conglomerate.Noel Tata wrote to Tata Sons’ company secretary Suprakash Mukhopadhyay…
File photo: Prime Minister Narendra Modi NEW DELHI: Having focused on providing access to banking to everyone over the last 10 years, Prime Minister Narendra Modi has said that coming decade will focus on making it more efficient and dependable, for which cybersecurity must play a critical role.“If we are to keep the banking system…
BENGALURU: Blackstone has launched a global capability centre (GCC) in Bengaluru, its first outside the US, underscoring India’s growing importance to the investment firm’s global operations. The move comes as the firm looks to double its India investments to $100 billion over the next five years from about $51 billion to date.Blackstone vice-chairman and CFO…
File photo: Logo of Hyundai Motor India Limited is seen on a parked car in the company’s stockyard NEW DELHI: Hyundai Motor India is widening its SUV offering beyond Creta as competition intensifies, targeting combined annual sales of 2.5 lakh units from its bestselling model and the newly-launched Bayon from 2027.Hyundai Motor India MD Tarun…
