Top headlines: Adani promoters sell stakes, AI plans single pay structure

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Direct tax collection in FY23 likely to top govt's Revised Estimates

Direct tax collection in 2022-23 is likely to exceed the government’s Revised Estimates (RE), potentially helping narrow the fiscal deficit. Robust corporate tax collections and a likely recovery from pending tax demand have given the government confidence in actual revenue collections exceeding RE of Rs 16.5 trillion in the current fiscal year (2022-23, or FY23), according to government sources. Read more

Adani promoters sell stakes worth Rs 15,446 crore to GQG Partners

The promoters of the Adani group on Thursday sold shares worth Rs 15,446 crore