Page 456 - Business Finance
GST Collection Hits Fresh Record Of Rs 1.13 Lakh Crore In April
The total gross GST revenue collected in the month of April, 2019 is Rs 1,13,865 crore of which CGST is Rs 21,163 crore, SGST is Rs 28,801 crore, IGST is Rs 54,733 crore (including Rs 23,289 crore collected on imports) and Cess is Rs 9,168 crore (including Rs 1,053 crore collected on imports). The total number of GSTR 3B Returns filed for the month of March up to 30th April, 2019 is 72.13 lakh.
Vakrangee Awarded 'Financial Services Retailer of the Year'
/ -- The Award recognises Nextgen Vakrangee Kendras' growth & customer satisfaction in 2018-19 Vakrangee Ltd. today announced that it has been awarded as the best 'Financial Services Retailer of the Year' at the recently concluded Indian Retail Awards 2019 on April 30, 2019 in New Delhi in a glittering ceremony before a room full of the leading names in Indian & world retailing. This award recognises company's Nextgen Vakrangee Kendras' growth and customer satisfaction in 2018-19. The objective of the Indian Retail Awards is to recognize the Retailers who are closing the gap between operational reality and consumer expectations with great retailing practices. These practices include amongst others, promoting and motivating last mile distribution and delivery in retail and highlight new innovation and leadership in Indian retail world. These reputable and most respected awards in the retail world are hosted by Franchise India Holdings Limited, which is Asia's largest ...
Nifty wipes off day's gains
The Sensex pared gains while the Nifty turned almost flat in early afternoon trade. At 12:23 IST, the barometer index, the S&P BSE Sensex, was up 59.25 points or 0.15% at 39,090.80. The Nifty 50 index was up 4.05 points or 0.03% at 11,752.20.
M&M sales down 9 pc in April at 43,721 units
Mahindra & Mahindra (M&M) Thursday reported 9 per cent decline in total sales at 43,721 units in April. The company had clocked total sales of 48,097 units in the same month last year, M&M said in a statement. Domestic sales stood at 41,603 units as compared to 45,217 units in April last year, down 7.99 per cent, it added. Passenger vehicle sales last month stood at 19,966 units as against 21,927 units in the year-ago period, a decline of 8.94 per cent, the company said. Commercial vehicle sales declined by 8.65 per cent to 17,321 units last month from 18,963 units in April last year. Exports in April stood at 2,118 units as compared to 2,880 units in the same month last year, down 26.45 per cent, M&M said.
Jet Airways shares dive 22.5 pc, hit 1-year low
Shares of Jet Airways plunged 22.5 per cent Thursday amid a report that bidders for Jet Airways so far appear uninterested in following up on their expressions of interest. Investors deserted the Jet Airways counter since the start of trading in the morning, with the scrip falling sharply by 20.41 per cent to Rs 122 -- its 52-week low -- on the BSE. On the National Stock Exchange (NSE), it tumbled 22.46 per cent to hit a one-year low of Rs 118.90. On the traded volume front, 24.26 lakh shares were traded on the BSE and over two crore shares on the NSE during the morning trade. Jet Airways ceased operations on April 17 after months of financial difficulties and multiple attempts at saving the oldest private sector airliner failed.
Pact Industries appoints an Additional Director
W.e.f. 02 May 2019
Innovative Ideals & Serv. (India) launches LEAGOO Smart Phones
On 30 April 2019
DCM Ltd leads gainers in 'B' group
Goldiam International Ltd, Olectra Greentech Ltd, Sical Logistics Ltd and Hisar Metal Industries Ltd are among the other gainers in the BSE's 'B' group today, 02 May 2019.
Toyota's India sales decline 12.5% in April
Toyota Kirloskar Motor sold 11,413 vehicles in April, registering 12.5 per cent annual decline from 13,037 units sold in the same month a year ago, said the Japanese car maker on Thursday.
Huge gap in 12 NPA cases' dues with liquidation value: IBBI
The 12 large non-performing assets (NPAs or bad loans) accounts directed by the RBI for resolution through insolvency process had total outstandings of Rs 3.45 lakh crore against their liquidation value of Rs 73,220.23 crore, while haircuts taken by creditors in case of the resolved accounts so far have been as high as 90 per cent, according to the insolvency regulator IBBI data.
M&M reports 9% fall in April sales
Auto major M&M Thursday reported a nine per cent fall in total sales to 43,721 units in April. It had sold 48,097 units in the same month last year, M&M said in a statement. In the domestic market, its sales dropped eight per cent to 41,603 units last month compared to 45,217 in April 2018 Exports declined 26 per cent to 2,118 units against 2,880 units in the year-ago month, the company said. Sales of passenger vehicles dropped nine per cent to 19,966 units compared to 21,927 units in the same month last year, as per the statement. Commercial vehicle sales were also down nine per cent to 17,321 units in April against 18,963 units in the year-ago period, it said. The three-wheeler sales during the month under review stood flat at 4,316 units as compared to 4,327 units in April 2018, M&M said in the statement.
DCM Shriram Ltd leads gainers in 'A' group
Reliance Capital Ltd, Bombay Dyeing & Manufacturing Company Ltd, Adani Green Energy Ltd and HEG Ltd are among the other gainers in the BSE's 'A' group today, 02 May 2019.
DCM Shriram shares zoom nearly 12 pc post robust Q4 earnings
Shares of DCM Shriram Thursday zoomed nearly 12 per cent after the company reported strong earnings for the fourth quarter of last fiscal. The scrip after a positive opening further jumped 11.78 per cent to Rs 484.80 on the BSE. At the NSE, shares gained 11.50 per cent to Rs 485. DCM Shriram Wednesday reported nearly six-fold jump in net profit at Rs 293 crore for the fourth quarter of last fiscal. Its net profit stood at Rs 51 crore in the year-ago period, the company, which is into chemicals, sugar, fertiliser and seed businesses, said in a regulatory filing. Net revenue from operations rose 21 per cent to Rs 1,888 crore from Rs 1,566 crore in the year-ago period.
Power Finance Corporation ceased to be a director
W.e.f. 1 May 2019
Stocks continue trading higher
Shares continued to hover in positive terrain in mid-morning trade. At 11:28 IST, the barometer index, the S&P BSE Sensex, was up 115.17 points or 0.30% at 39,146.72. The Nifty 50 index was up 22.10 points or 0.19% at 11,770.25.
Bajaj Auto rises after declaring monthly sales
Bajaj Auto rose 0.66% to Rs 3,012.95 at 11:22 IST on BSE after the company declared monthly sales volume data for April 2019 during market hours today, 2 May 2019.
How Paytm killed its e-commerce dream in India (Part I)
Exactly two years back, Paytm Founder and CEO Vijay Shekhar Sharma, keeping Alibaba model in mind, took a plunge into the burgeoning e-commerce space where Amazon and Flipkart (now owned by Walmart) were two dominant forces.
India manufacturing slows again in April: Nikkei PMI
Growth in India's manufacturing sector slowed further to an eight-month low in April due to a softer increase in new orders, according to a survey released on Thursday.The Nikkei India Manufacturing Purchasing Managers' Index (PMI) declined from 52.6 in March to 51.8 in April, although it remained above the 50-point level separating expansion from contraction. The reading was the weakest since August 2018.The slowdown was due to weaker order book volumes, which the survey attributed to business activity curbed by the general election that began in April and runs through May. The slowdown, however, was partly offset by solid export growth."Growth continued to soften and the fact that employment increased at the weakest pace for over a year suggests that producers are hardly gearing up for a rebound," said Pollyanna De Lima, Principal Economist at IHS Markit, which compiles the survey."Disruptions arising from the elections was a key theme. Also, firms seem to have adopted a ...
Volumes spurt at Gujarat Pipavav Port Ltd counter
Gujarat Pipavav Port Ltd notched up volume of 1.71 lakh shares by 10:47 IST on BSE, a 27.43 fold spurt over two-week average daily volume of 6229 shares