Net revenue after refunds grew 25.6 per cent to Rs 2.03 lakh crore, with import-related collections recording a sharp 42.2 per cent increase. NEW DELHI: The gross Goods and Services Tax (GST) collections rose 22.9 per cent year-on-year to Rs 2.31 lakh crore in October, supported by a sharp increase in revenue from imports and…
India’s crude oil imports hit a record 5.6 million barrels per day in October, but rising freight costs and competitive Gulf prices could make Russian supplies less attractive NEW DELHI: India’s crude oil imports hit a record high of around 5.6 million barrels per day (bpd) in October, with refiners stepping up purchases from both…
Binance, the world’s largest cryptocurrency exchange, has said it will resume withdrawals in phases after securing 95% of the $6.3 billion in digital assets stolen from its platform in what is being described as the world’s largest cryptocurrency heist.The first phase of withdrawals will begin between 0600 and 0900 GMT on Sunday and cover bitcoin,…
Apple was valued ay $5.3 trillion as of Friday (October 30) Apple has overtaken Nvidia to become the world’s most valuable company, reclaiming the top position as concerns over the rising cost of artificial intelligence (AI) investments weigh on technology stocks.At the close of trading on Friday, Apple’s market capitalisation stood at $5.03 trillion, ahead…
AAIB seeks stronger coordination between civil aviation and defence authorities after an Air India Express flight and a Navy aircraft nearly collided on Dabolim runway NEW DELHI: The Aircraft Accident Investigation Bureau (AAIB) has sought a greater collaboration between civil aviation and defence authorities as a number of airports where commercial flights operate are defence…
India’s indigenous B28 bullet train undergoes a key structural safety test at BEML’s Bengaluru facility ahead of planned trial runs in 2027. NEW DELHI: New Delhi: The country’s first indigenous high-speed train, B28, has undergone the vehicle body shell test, also known as the “squeeze test”, an important safety assessment to determine whether a train’s…
Easier registration for small e-commerce sellers, faster refunds NEW DELHI: Starting November 1, businesses will see several changes in Goods and Services Tax (GST) procedures, with simpler registration, faster refunds and more flexible rules for discounts offered after a sale.The changes, approved at the 57th GST Council meeting on October 8, are aimed at making…
Centre scraps petrol export levy, raises diesel duty to Rs 11.5 per litre NEW DELHI: The Centre has scrapped the Rs 2.5 per litre special additional excise duty (SAED) on petrol exports while raising the levy on high-speed diesel from Rs 8.5 to Rs 11.5 per litre and on aviation turbine fuel (ATF) from Rs…
NEW DELHI: The Securities and Exchange Board of India (SEBI) is monitoring governance-related developments at Tata Sons, the holding company of the Tata Group, chairman Tuhin Kanta Pandey said on Saturday. He added that the group’s listed companies and their promoters must follow Sebi’s disclosure and compliance rules, even though Tata Sons itself is not…
Is onling shopping increasing your bills? NEW DELHI: Do you feel your bills have gone up since you started using e-commerce apps? Don’t worry, you are not alone!A few taps on your phone could mean a bigger shopping bill. Indian households that use online shopping and payment platforms spend 7.5 per cent more every month…
