The Times of India

India Business News: NEW DELHI: The Gujarat Cooperative Milk Marketing Federation (GCMMF) has announced a price hike of Rs 2 per litre for all variants of Amul milk, effec.

NHAI has increased toll rates by 5% on expressways nationwide from 3.6.2024 based on WPI inflation, affecting 855 user fee plazas on the national highway network.

Exit polls suggest a BJP-led NDA victory in the 18th Lok Sabha elections, with projections ranging from 342 to 400 seats. Analysts have identified 'Modi stocks' for potential growth under another Modi-led government.

International Business News: Hong Kong's securities regulator said 11 cryptocurrency exchanges are a step closer to obtaining licences, one year after rolling out a digital-asset .

GST collections rose by 10% to Rs 1,72,739 crore in May, with domestic sources compensating for lower imports, as per the finance ministry data. Based on collections in May for transactions in April, latest data released by the finance ministry on Saturday estimated collections from domestic sources to be 15.3% higher, while those from imports were 4.5% lower.

India Business News: NEW DELHI: In a bid to check unnecessary pressure on GST payers against early recovery of dues, the Central Board of Indirect Taxes and Customs (CBIC).

GST Collections May 2024: The Goods and Services Tax (GST) revenue for May 2024 reached Rs 1.73 lakh crore, marking a 10% increase compared to the same month last year.

India Business News: NEW DELHI: State-run oil marketing companies reduced the prices of a 19 kg commercial LPG gas cylinder by Rs 69.

Government expects a good monsoon to spur farm sector activity and help sustain the growth momentum, projecting a GDP expansion of around 7% during the current financial year. The estimate is based on resilient domestic economic activity, strong investment demand, and positive business and consumer sentiments.

A growing number of Indian-origin companies are 'reverse flipping' - shifting their domicile back to India from overseas because of attractive stock market valuations and to avoid trouble on the regulatory front. While fintech players PhonePe, Groww and Pine Labs have reverse-flipped, other startups like Razorpay, Meesho, Udaan, and Zepto are working towards shifting base to India.

India's economy is projected to have grown by 8.2% in 2023-24. This significant growth is driven by strong expansions in the manufacturing and construction sectors. and a strong push from Jan-March quarter growth, beating expectations and laying a robust foundation for the new govt, which assumes office this month after the polls.

Finance minister Nirmala Sitharaman emphasizes the strict stance on recovering bad loans, highlighting the record profits of banks and the efforts to strengthen the banking system. Explore more on the recovery of bad loans and the government's focus on financial inclusion and empowerment.

India Business News: CHENNAI: Private equity and venture capital firms continued their declining streak in investments.

Higher than estimated nominal GDP, helped the Centre close 2023-24 with a fiscal deficit of 5.6% of GDP, compared with govt’s projection of 5.8% in revised estimates (RE), providing further cheer to mandarins in North Block. Latest data released by the Controller General of Accounts pegged the fiscal deficit at Rs 16.5 lakh crore, which was 95% of Rs 17.3 lakh crore in RE.

India Business News: MUMBAI: RBI deputy governor M Rajeshwar Rao has raised concerns of asset reconstruction companies fronting for defaulters in purchasing businesses.