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New Yr begins with Rs 25 hike in industrial LPG charges

New Yr begins with Rs 25 hike in industrial LPG charges

NEW DELHI: State-run gasoline retailers raised costs of 19-kg industrial LPG (liquefied petroleum fuel) cylinders by Rs 25 every on Sunday, marking the primary enhance of 2023, however left the worth of 14.2-kg home refills unchanged despite current hardening in benchmark charges.The industrial refills, utilized by lodges, neighbourhood eateries and caterers, will now price Rs...

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Holidaymakers, automotive consumers & farm demand maintain December gas gross sales in turbo mode

Holidaymakers, automotive consumers & farm demand maintain December gas gross sales in turbo mode

NEW DELHI: India’s December gas gross sales continued in turbo mode on the again of continued demand from the agriculture sector, a surge in winter vacation journey and a pointy improve in automotive gross sales.Market information for the month confirmed consumption of diesel, a key indicator of financial actions, throughout the month rising 13% from...

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GST receipts in December up 15% year-on-year at Rs 1.49 lakh crore

GST receipts in December up 15% year-on-year at Rs 1.49 lakh crore

NEW DELHI: Gross GST income receipts in December totalled practically Rs 1.5 lakh crore, up 15% year-on-year, signalling that demand stays sturdy and efforts to spice up compliance have had an affect.Information launched by the finance ministry on Sunday confirmed gross GST revenues have been Rs 1.49 lakh crore in December, the tenth consecutive month...

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After iPhones, India eyes MacBook manufacturing, might increase incentive scheme

After iPhones, India eyes MacBook manufacturing, might increase incentive scheme

NEW DELHI: After the success of iPhone manufacturing in India, the federal government is about to sweeten the deal to kickstart the coveted manufacturing of MacBooks and iPads within the nation, trying to broad-base the production-linked incentive (PLI) scheme for IT {hardware} to just about Rs 20,000 crore towards the present outlay of Rs 7,350...

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With 3.8m items offered, finest yr for carmakers

With 3.8m items offered, finest yr for carmakers

NEW DELHI: The automobile trade wrapped up 2022 as its biggest-ever yr by way of gross sales, although firms now tread cautiously with considerations round inflation and rates of interest. Towards a 33% surge final yr, led by SUVs, the expansion is more likely to slip to single digits this yr on the next base...

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UPI transactions hit report 782 crore in December

UPI transactions hit report 782 crore in December

MUMBAI: Transactions on the Unified Funds Interface (UPI) platform hit a brand new report of 782 crore in December 2022, with the worth of those additionally touching a brand new excessive of Rs 12.8 lakh crore.By way of variety of transactions, the December determine is 7% increased than in November whereas, in worth phrases, the...

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Tata Group veteran RK Krishnakumar, 84, passes away in Mumbai

Tata Group veteran RK Krishnakumar, 84, passes away in Mumbai

MUMBAI: Tata Trusts’ trustee and Ratan Tata’s confidant, R Okay Krishna Kumar, handed away on Sunday night following a cardiac arrest at his house in Mumbai. He was 84.KK, as he’s recognized within the Tata Group, felt uncomfortable after having a shower, and earlier than his physician Pravin Amin might attain his house, he died....

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Tech co ANSR hires I-banker for Nasdaq IPO

Tech co ANSR hires I-banker for Nasdaq IPO

BENGALURU: The Lalit Ahuja-backed ANSR is eyeing a Nasdaq itemizing in 2024 because the Bengaluru- and US-based agency bets massive on India’s world functionality centres (GCC) enterprise. The GCCs have developed because the hotbed for enterprise transformation and innovation for a lot of Fortune 500 corporations.ANSR, which specialises in serving to multinationals arrange tech centres...

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Musk first ever to lose $200bn

Musk first ever to lose $200bn

Elon Musk was the second individual ever to amass a private fortune of greater than $200 billion, breaching that threshold in January 2021, months after Amazon founder Jeff Bezos. The Tesla CEO has now achieved a primary of his personal: The one individual in historical past to erase $200 billion from peak web value.Musk, 51,...

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December diesel demand up 13%, petrol 9%

December diesel demand up 13%, petrol 9%

NEW DELHI: India’s December gas gross sales continued in turbo mode on the again of continued demand from the agriculture sector, a surge in winter vacation journey and a pointy improve in automotive gross sales.Market information for the month confirmed consumption of diesel, a key indicator of financial actions, through the month rising 13% from...