Business Standard

Revenue collection

Coal India awards 23 discontinued underground blocks to private miners

State-owned Coal India on Wednesday said it has awarded 23 discontinued underground blocks to private miners through an auction route on revenue sharing model. The cumulative peak rated capacity of these mines is 34.14 million tonnes per year while the total extractable reserves are estimated at 635 MT, the miner said in an exchange filing. "Coal India Limited (CIL) in a bid to tap the latent coal reserves of some of its closed and discontinued underground mines has awarded 23 such mines on revenue sharing model to successful bidders of the private sector," it said. Earlier, CIL had identified a total of 34 discontinued mines where good quality coal reserves are lying dormant but may not be financially viable for CIL to mine them. Hence, the company said it decided to tender and offer these mines to willing private sector players who are prepared to operate and produce the dry fuel and share part of the revenue with the company. "Successful bidder is the one who offers the maximum

Coal India awards 23 discontinued underground blocks to private miners
Updated On : 19 Jun 2024 | 3:05 PM IST

Pre-Budget talks: Industry bodies suggest tax reforms to revenue secy

The PHDCCI said that the slab of 30 per cent income tax should be raised to the income of Rs 40 lakh and above. Below this, the body said, the tax rate should be kept at 20-25 per cent

Pre-Budget talks: Industry bodies suggest tax reforms to revenue secy
Updated On : 19 Jun 2024 | 12:06 AM IST

Alcatel-Lucent Enterprise eyes €100 million revenue from India in 3-5 years

Headquartered in Paris, France, ALE has a presence in more than 50 countries globally. In India, the company has around 250 employees

Alcatel-Lucent Enterprise eyes €100 million revenue from India in 3-5 years
Updated On : 09 May 2024 | 11:03 PM IST

NDMC's revenue collection for FY24 stands at Rs 3,795 cr, exceeds target

The New Delhi Municipal Council's revenues for the 2023-24 financial year exceeded its target, with property tax collection crossing the Rs 1,000-crore mark for the first time in its history, officials said on Wednesday. The New Delhi Municipal Council (NDMC) collected a revenue of Rs 3,795.30 crore from receipt sources such as property tax, licence fees, commercial revenue (water and electricity) and parking fees, it said in a statement. For the first time in the NDMC's history, the revenue from property tax crossed the Rs 1,000-crore mark, it said. "The NDMC has collected Rs 1,025.59 crore in property tax against a target of Rs 1,150 crore. The NDMC had collected property tax revenue of Rs 931.20 crore in 2022-23, Rs 950.75 crore in 2021-22 and Rs 690.78 crore in 2020-21," it added. During the 2023-24 fiscal, the NDMC collected Rs 1,811.71 crore in revenue from electricity and water supply against a target of Rs 1,659.95 crore. It had collected commercial revenue of Rs 1,503 cror

NDMC's revenue collection for FY24 stands at Rs 3,795 cr, exceeds target
Updated On : 03 Apr 2024 | 9:49 PM IST

Indian pharma companies bank on 'mother brands' to boost revenue growth

An analysis by market research firm Pharmarack showed how such flagship brands have posted strong growth CAGR in the last five years, with some even doubling sales

Indian pharma companies bank on 'mother brands' to boost revenue growth
Updated On : 27 Mar 2024 | 11:00 PM IST

Defying trend: Earnings growth no match for rally in CPSU stocks

Valuation rerating largely behind surge in mcap

Defying trend: Earnings growth no match for rally in CPSU stocks
Updated On : 19 Feb 2024 | 11:15 PM IST

PepsiCo records mid-single digit organic revenue growth in India in 2023

India posted a double-digit volume growth in the beverages category, while recording a low-single-digit volume decline in the convenient food category

PepsiCo records mid-single digit organic revenue growth in India in 2023
Updated On : 09 Feb 2024 | 8:27 PM IST
Updated On : 05 Feb 2024 | 11:23 PM IST

Average monthly GST collection may touch Rs 1.7 trn in FY25: CBIC chairman

Customs duty collection may go up if global activities improve but targets can be pegged on the basis of trends only, he says

Average monthly GST collection may touch Rs 1.7 trn in FY25: CBIC chairman
Updated On : 02 Feb 2024 | 11:52 PM IST

Tinder-parent Match forecasts weak revenue on lower spending on dating apps

It forecast 2024 revenue of between $3.57 billion and $3.67 billion, representing a growth of 6 per cent to 8 per cent compared with an estimate of 7.8 per cent

Tinder-parent Match forecasts weak revenue on lower spending on dating apps
Updated On : 31 Jan 2024 | 6:42 AM IST

Wipro sees pressure on revenue growth in Q4; net profit falls 12% in Q3

Margins for the second quarter are likely to be "range-bound" similar to the last few quarters, the management said during a media briefing

Wipro sees pressure on revenue growth in Q4; net profit falls 12% in Q3
Updated On : 12 Jan 2024 | 11:49 PM IST

Ola's parent ANI Technologies posts Rs 2,800 crore revenue in FY23

The firm also has cut down its losses by nearly 50 per cent to Rs 772 crore during FY23 compared to Rs 1,522 crore in FY22, according to media platform Entrackr

Ola's parent ANI Technologies posts Rs 2,800 crore revenue in FY23
Updated On : 10 Jan 2024 | 8:15 PM IST

GSP Crop Science eyes Rs 1,800 cr revenue in FY25; 6-7% mkt share in 4 yrs

Agrochemicals manufacturer GSP Crop Science is eyeing Rs 1,800 crore in revenue in 2024-25, following its domestic as well as overseas market expansion, a top company executive has said. "In 2022-23, our annual revenue was at Rs 1,600 crore. We are looking at Rs 1,800 crore revenue in FY25. Overall our target is to reach Rs 2,500 crore in next 3-4 years with the addition of overseas business especially in Brazil," GSP Crop Science Managing Director Bhavesh Shah told PTI. Shah said the company is working towards reducing its dependency on China for raw materials and planning to produce intermediaries needed to develop crop solution products. "In order to reduce our raw material dependency on China, we are planning to gradually produce intermediaries needed for manufacturing our products. We are setting up our third manufacturing unit in Dahej in Gujarat with an investment of Rs 100-110 crores. In this unit we will initially produce 4 intermediaries," he added. The company is focusin

GSP Crop Science eyes Rs 1,800 cr revenue in FY25; 6-7% mkt share in 4 yrs
Updated On : 08 Jan 2024 | 11:20 AM IST

Bihar withholds salaries of mineral dev officers over unmet revenue target

The Bihar government has withheld salaries of several district mineral development officers who have allegedly failed to meet the target of revenue collections in their respective areas in the current financial year so far, officials said on Sunday. The Mines and Geology Department of the state government has sought explanations from such officers in Jehanabad, Gaya, Munger, Jamui and Aurangabad for "failing to meet the target of revenue collections till December 2023 in their respective districts", they said. The department has managed to achieve around 42 per cent of its revenue target of Rs 3,590.66 crore for 2023-24 from the mining sector as it could collect just Rs 1,500 crore till December 2023, a senior official of the department said. "Yes, the department has withheld the salaries of several district mineral development officers who failed to meet the target of revenue collections in their respective areas till December end of the current financial year. "With the revenue .

Bihar withholds salaries of mineral dev officers over unmet revenue target
Updated On : 07 Jan 2024 | 2:51 PM IST

Black Box eyes 3x growth to $2 bn by 2027 with focus on critical infra

Indian IT company Black Box is expecting a threefold increase in revenue to USD 2 billion over the next three years, driven by demand for critical technological infrastructure. Black Box President and CEO Sanjeev Verma told PTI that focusing on digital infrastructure, connectivity, networking, modern workplace cybersecurity, along with artificial integration, is going to provide a huge runway to the company. "I think we see the future for digital infrastructure business ramping up on the back of hybrid activity on the data centre side, requirement for people to collaborate across continents and cultures, hybrid workplaces that have become a norm post-Covid." "We are looking at double-digit growth organically over the next few years and expect to push towards USD 2 billion (Rs 16,632 crore) revenues in the next three years," Verma said. The company had reported a consolidated revenue of Rs 6,233 crore in FY23, as per a BSE filing. Black Box works with big tech companies like Amazon

Black Box eyes 3x growth to $2 bn by 2027 with focus on critical infra
Updated On : 28 Dec 2023 | 7:04 PM IST

UP CM seeks explanations from 12 DMs on negligence in revenue matters

Additional Chief Secretary of the Revenue Board, Sudhir Garg, emphasized that the Chief Minister has placed special importance on the swift resolution of revenue matters

UP CM seeks explanations from 12 DMs on negligence in revenue matters
Updated On : 03 Nov 2023 | 8:27 PM IST

Cars24 reports revenue of Rs 5,535 cr in FY23, 8% increase from FY22

The company reported profit before tax (loss) of Rs 467.8 crore in FY23 compared to Rs 1093.1 crore in FY22

Cars24 reports revenue of Rs 5,535 cr in FY23, 8% increase from FY22
Updated On : 30 Oct 2023 | 6:15 AM IST

See huge opportunity to expand in Tier-II, says Marks & Spencer India

Ritesh Mishra, managing director at M&S India, said, "Tier-II cities are of paramount importance to us, as there is still room for growth in Tier-I markets"

See huge opportunity to expand in Tier-II, says Marks & Spencer India
Updated On : 27 Oct 2023 | 6:53 AM IST

Footwear industry to record 11% revenue growth this fiscal: Report

Softening input cost and rising demand will help the footwear industry to record an 11 per cent growth in revenue this fiscal, says a report. Footwear demand is seen clipping at 4 percent this fiscal, Crisil Ratings said in the report Tuesday. Prices of key inputs such as ethylene vinyl acetate, rubber and resins have fallen 30 per cent in the past fiscal. Raw materials constitute around 45 per cent of the total cost of footwear makers. The resultant healthy cash accrual and balance sheets will keep their credit profiles stable, as per the report that is based on an analysis of 43 footwear companies, which account for 15 per cent of the industry revenue of Rs 1 lakh crore. Softening input cost will boost operating margin by about 125 basis points to 9 per cent, which will still be below the pre-pandemic levels of 10 per cent, the report said. Exports, which constitute a fifth of the sectoral revenue, is seen slowing to 12 per cent this fiscal compared to a 25 per cent uptick last

Footwear industry to record 11% revenue growth this fiscal: Report
Updated On : 22 Aug 2023 | 7:59 PM IST

Vodafone Idea Q1 net loss widens to Rs 7,840 cr, revenue up by 2.3%

Debt-ridden telecom operator Vodafone Idea on Monday said its consolidated net loss widened to Rs 7,840 crore in the first quarter ended June 30. The company had posted a net loss of Rs 7,295.7 crore in the same period a year ago. The consolidated revenue from operations during the reported quarter increased marginally by 2.3 per cent to Rs 10,655.5 crore from Rs 10,406.8 crore in June 2022 quarter. VIL's average revenue per user (ARPU) of the company during the June quarter increased to Rs 139 from Rs 128 a year ago.

Vodafone Idea Q1 net loss widens to Rs 7,840 cr, revenue up by 2.3%
Updated On : 14 Aug 2023 | 8:42 PM IST