E-PaperOctober News
Services spring to life in October
India’s PMI for manufacturing recorded the strongest growth in 13 years in October at 58.9Movement of high-frequency indicators in October point towards a broad-based resurgence of economic activity, notably in healthy kharif or winter crop output
2 min read4 Nov 2020Key tax changes kicking in from tomorrow
Taking note of these new provisions meant to gather data about transactions, spending patterns and fund flow across borders can be useful
2 min read30 Sep 2020From 1 Oct, 5% tax on foreign fund transfer
Individuals can remit a maximum of $250,000 abroad every yearFor education-related foreign remittances funded by loans, though, the tax will be just 0.5% for the amount above ₹7 lakh
1 min read10 Sep 2020Eight core industries output contracts 5.8% in October
Coal production fell steeply by 17.6%, crude oil by 5.1%, and natural gas by 5.7%The only sector that posted growth in October was fertilizers where production increased by 11.8% year-on-year
1 min read29 Nov 2019Maruti leads the way in October, sales rise after 7 months
Top automaker becomes first to report growth amid economic downturnMaruti's October sales were driven by compact cars, UVs and LCVs, with entry-level variants continuing to witness a decline
3 min read1 Nov 2019Tata Motors sales down 34% in October at 41,354 units
The company had sold a total of 62,264 units in the same month last yearThe company reported 34% decline in total commercial vehicle sales at 25,983 units
1 min read1 Nov 2019Key things to watch out for in the October F&O series
The Nifty ended the September futures and options (F&O) series above the 11,500 levels, gaining nearly 6%For most part of the month, market sentiment was somber due to global and domestic growth concerns
2 min read27 Sep 2019J&K Bank Q3 net profit up 43% at ₹104 crore
J&K bank had earned a profit of ₹72.47 crore in the October-December quarter of previous fiscal, the bank said in a statement
1 min read14 Jan 2019Indian economy on track to maintain high growth rate: FinMin
The average growth of the Indian economy between 2014-15 and 2017-18 was 7.3%, fastest among the major economies in the world, the ministry said in Year End Review 2018
1 min read2 Jan 2019It’s a negative festive surprise for automakers in India
The BSE Auto index shed 20% between July and end-October before recovering marginally this month. Maruti Suzuki shares have underperformed too, on account of lower car sales
1 min read28 Nov 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared