Indian financial news

The combined market valuation of nine of the top-10 most valued firms surged Rs 97,463.46 crore last week, with Reliance Industries emerging as the biggest gainer, amid an overall positive trend in equities. Photograph: ANI Photo Last…

'This year's detection of frauds and probable recovery will be mainly driven by several compliance measures put in place, and amendments made to the GST regime to plug revenue leakages particularly in new-edge sectors.' IMAGE: Finance…

Swedish telecom gear maker Ericsson on Saturday announced setting up a 6G research and development centre in Chennai. Ericsson is also looking to partner with other premier engineering institutes in India for 6G-related research. "This…

GST authorities have issued show cause notices worth Rs 1 lakh crore to online gaming companies for tax evasion so far, a senior official said on Wednesday. The official, however, said there is no data yet of foreign gaming companies…

Automobile manufacturers are likely to report strong numbers for the September quarter of Financial Year 2023-24 (Q2 FY24), riding on growth across segments and offset by a marginal drop in overall two-wheeler (2W) volumes. Photograph:…

The three-day India Mobile Congress (IMC) will showcase the widening convergence of telecom with new domains, such as semiconductors and deep tech, P Ramakrishna, the forum’s chief executive officer, said on Tuesday. IMAGE: Kindly note the…

The Union government’s finances witnessed significant improvement in August after a stressful first four months of the current fiscal year. India’s gross tax revenue, comprising both direct and indirect taxes, for the first five months of…

The country's largest software exporter TCS on Wednesday reported an 8.7 per cent increase in its September quarter net profit to Rs 11,342 crore, but made it clear that the headwinds for the IT sector continue amid a sluggish economic…

The GST Council on Saturday clarified that guarantees provided by corporate to their subsidiaries will attract an 18 per cent GST, while no tax will be levied if a personal guarantee is given by a director to the company. The council,…

Among individual stocks, Morgan Stanley has maintained their overweight rating on HCLT, LTIMindtree and Infosys within the large-caps. Morgan Stanley has increased the target prices of certain information technology (IT) stocks by as much…