The goods and services tax (GST) collections stood at Rs 1.87 lakh crore in October, an 8.9 per cent rise from Rs 1.72 lakh crore in GST revenue in the same month last year, government data showed on Friday. It is the eighth consecutive month when GST collections stayed above the Rs 1.7 lakh … Read more
Maruti Suzuki India on Friday said it sold a total of 206,434 units in the month of October, which is its highest-ever monthly sales volume. The company also clocked highest-ever exports in the month. The country’s largest automaker had sold 199,217 units in the same month last year. However, in the passenger vehicle (PV) segment, … Read more
The National Stock Exchange (NSE) of India on Friday launched the official NSE mobile app (NSEIndia) and expanded its corporate website to support 12 regional languages. Inaugurated on the auspicious occasion of Diwali and Samvat 2081 by the NSE MD and CEO Ashish Kumar Chauhan, the launch underlines the exchange’s dedication to creating a … Read more
Indian shares logged gains in a special one-hour "muhurat" trading session on Friday to mark the festival of Diwali, led by auto stocks on the back of positive monthly sales data. The NSE Nifty 50 rose 0.41% to 24,304.35, while the BSE Sensex gained 0.42% to 79,724.12, both snapping a two-day losing streak. Many traders … Read more
India's coal production reached 84.45 million tonnes (MT) in the month of October, surpassing 78.57 MT production in the corresponding month last year with 7.48 per cent growth, the government said on Friday. Coal production from captive and other entities also showed substantial growth, rising to 16.59 MT in October 2024 compared to 11.70 MT … Read more
Gold demand in India jumped this week amid festival purchases, although volumes were lower than usual due to record-high prices. "Retail buying jumped as consumers want to make purchases during the auspicious period. But many were making token-buys because of higher prices," said a Hyderabad-based jeweller. In India, prices jumped to a record high of … Read more
Amid persistent selling of shares in the stock market by foreign institutional investors (FII) and growing geopolitical tensions, India's foreign exchange reserves posted a $3.46 billion drop to stand at $684.8 billion in the week ended October 25, data released by the Reserve Bank of India (RBI) showed on Friday. However, gold reserves, which form … Read more
Mahurat Trading: A Festive Tradition in the Indian Stock Market Every year, on the auspicious day of Diwali, the Indian stock markets open for a special trading session known as Mahurat Trading. This tradition blends cultural beliefs with financial practices and has been observed for many decades. It is a time when investors come together … Read more
Union Commerce and Industry Minister Piyush Goyal has urged global investors to seize emerging opportunities in India, particularly in high-growth sectors such as artificial intelligence (AI), renewable energy, digital infrastructure and advanced manufacturing, it was announced on Friday. During his visit to the Kingdom of Saudi Arabia from October 29-30, Minister Goyal participated in the … Read more
The government on Friday said that the production of key minerals in the country has continued to witness strong growth during the first half of the current fiscal (FY25), with iron ore leading the pack. The FY25 growth follows record production levels in the last fiscal (FY24), according to the Ministry of Mines data. “Iron … Read more