Newsletter

Infosys reported 20.2% growth in revenues at Rs38,318 crore for Q3FY23. Net profits for Q3FY23 were up 13.4% at Rs6,586 crore. In terms of guidance, Infosys has guided revenue growth...

India’s gross direct tax collections increased 24.58% to Rs 14.71 trillion resulting in net inflows of Rs12.31 trillion after refunds. There was a sharp surge in personal income tax mop-up...

According to a report by Goldman Sachs, the Indian government may cut its fiscal deficit to 5.9% of GDP when it announces its Union Budget on 01st February. That would...

TCS reported a relatively strong performance for Q3FY2 despite the macro challenges. While the net profits grew by 11% yoy to Rs10,846 crore for the quarter, the revenues were up...

For the week ended 06th January 2023, 8 out of the top 10 largest companies by market value saw erosion to the tune of Rs106,991 crore. IT and banks were...

SEBI approved reclassification of government's shareholding in IDBI Bank as public. That had been a moot point for some time. In this case, the government’s voting rights would be capped...

Avenue Supermarts, owner of D-Mart chain, reported 24.7% growth in standalone revenues for Q3FY23 at Rs11,305 crore. The total number of stores of D-Mart as of December 2022 stood at...

In a move that was long called for, the Union Budget 2023 is likely to shift the tax liability on the buyback of shares from companies to individual shareholders who...

The government has proposed a self-regulatory body to certify permitted “online game” in India. The IT minister, Rajeev Chandrasekhar, confirmed that the draft would be finalized after public consultations. The...

For the September 2022 quarter, India’s current account deficit (CAD) surged to a record $36.4 billion, or 4.4% of GDP. This was largely triggered by a much wider trade deficit....