Economy

In April, India’s gross Goods and Services Tax (GST) receipts reached a new record of 1,67,540 crore, with revenue from goods imports up 30% year on year and domestic transactions and services imports up 17%. … Read more

LIC, the state-owned insurance giant, has announced that it will keep a portion of its ownership in IDBI Bank to profit from the bancassurance channel. Life Insurance Corporation (LIC) will divest its interest in IDBI … Read more

ATF: Jet fuel prices were increased by 3.22 percent to an all-time high on Sunday, reflecting a surge in global energy prices. This is the ninth straight increase this year. According to a price notification … Read more

Maharashtra is on track to become the first state in the country to reach a trillion-dollar economy, Governor Bhagat Singh Koshyari said on the 62nd anniversary of the state’s formation in Mumbai on May 1. … Read more

Adani Ports and Special Economic Zones (APSEZ) announced on Friday that its subsidiary Adani Harbour Services has signed a definitive deal to purchase Ocean Sparkle Ltd, a leading third-party maritime services provider (OSL). Given the … Read more

Future Group’s bankers have turned down a $3.4 billion sale of the Indian company’s retail operations to Reliance Industries, according to banking sources, adding to the company’s debt problems following the COVID-19 outbreak.  “All secured … Read more

Gautam Adani, chairman of the Adani Group, stated on Wednesday that his company’s investment in West Bengal will reach ten billion rupees over the next decade. “The Adani Group’s investment in Bengal will include world-class … Read more