Business

June 21, 2025 2:10 PM

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Gross direct tax collections rise by 4.86% in the current financial year, so far

The country's gross direct tax collections for the financial year 2025-26 rose by 4.86 per cent to about 5.45 lakh crore rupees as of June 19 compared to about 5.19 lakh crore rupees in the same period last year. However, net direct tax collections saw a marginal decline of 1.39 per cent, dropping t...

June 20, 2025 9:03 PM

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FM Sitharaman asks CBIC officials to make GST registration easier

      Finance Minister Nirmala Sitharaman chaired a conclave in New Delhi today with top officials of the Central Board of Indirect Taxes and Customs. She asked them to make GST registration easier, solve public complaints faster, and speed up investigations in Customs and GST cases. She also stress...

June 20, 2025 6:44 PM

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Core sectors record expansion during May 2025

India’s infrastructure output, which constitutes about two-fifths of the country’s industrial production, increased by 0.7 per cent in May this year compared to the same period a year ago. Four of India’s core sectors, including Cement, Steel, Coal and Refinery Product,s recorded expansion during th...

June 20, 2025 5:14 PM

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Rupee appreciates by 14 paise to close at 86.59 against US dollar

   In the Forex market, the rupee today appreciated by 14 paise to close at 86 rupees and 59 paise against the US dollar. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, was trading at 98.66 in intra-day trade. ade.

June 20, 2025 4:42 PM

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Domestic markets surge over 1% snapping three-session losing streak

The benchmark domestic equity indices surged over one per cent today, fuelled by broad-based buying spree, snapping a three-session losing streak. The 30-share index at the Bombay Stock Exchange, Sensex, rallied 1,046 points, to close at 82,408. The National Stock Exchange Nifty-50, zoomed 319 point...

June 20, 2025 12:31 PM

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Centre restricts import of certain precious metal alloys containing gold

Directorate General of Foreign Trade (DGFT) has restricted the import of certain alloys containing more than one per cent gold by weight. In a statement, the DGFT said that the import of Palladium, Rhodium and Iridium alloys with over one per cent gold is restricted with immediate effect. However, t...

June 19, 2025 6:13 PM

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US stocks closed mixed

US stocks closed mixed on Wednesday, after Federal Reserve Chair Jerome Powell said inflation in goods prices was expected to go up over the summer as President Donald Trump's tariffs work its way to consumers. The Dow Jones Industrial Average slipped marginally by 0.1 percent, S&P 500 closed ne...

June 18, 2025 7:45 PM

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Mumbai ED conducts pan-India raids in illegal online forex trading case

  The Mumbai Zonal Office of the Enforcement Directorate (ED) conducted raids at seven different locations across the country in connection with an illegal online forex trading case. The ED on Tuesday informed that the fraud was committed allegedly through international brokers namely OctaFX trading...