The Ministry of Finance revealed figures on Sunday that showed that India’s gross Goods and Services Tax (GST) receipts for May 2025 were Rs 2.01 lakh crore, a 16.4% increase over the Rs 1.72 lakh crore collected in May 2024. Following consecutive months of robust tax collections, this follows April’s record-breaking GST income of Rs…
Due to strong auto sales data, stronger GST revenues, and FII purchases over the week, the Indian equity market resumed its winning streak for the second week. However, Friday’s sell-off wiped out part of the weekly gains. The BSE Sensex increased 524.04 points, or 0.66 percent, to settle at 79,223.11 this week, while the Nifty50…
IT giant Wipro, based in Bengaluru, announced on Tuesday that its Rs 12,000 crore share purchase plan will begin on June 22 and end on June 29. The board of the IT behemoth approved a plan in April of this year to purchase up to 26,96,62,921 equity shares from its owners, or 4.91% of its…
Steel rebar futures have been approved for release by SEBI on MCX, the nation’s biggest commodity exchange. The exchange stated that the launch date for the contracts would be disclosed separately. The trading unit will have a base value of one tonne and be 5 tonnes. The tick size will be $10 per tonne, and…
Due to its increased availability at reduced pricing in consumer marketplaces, imported pepper from other producing nations is purportedly hurting the prospects of domestically produced goods. Traders said that prices for pepper in the countries that produce it have started to drop and are currently averaging between $2,500 and $2,600 per tonne in Brazil, $3,000…
Gold prices continued an upward march on rupee weakness, positive global cues and improving demand ahead of the festive season as prices surged by Rs 590 to Rs 47,583 per 10 gram in the Mumbai retail market. The yellow metal was supported by a geopolitical crisis in Afghanistan, increasing Delta variant of coronavirus cases globally…
