News Overview

The GST cess collection was at ₹129.53 billion in July, up 10.0% on year.

According to sources, the deal's floor price of ₹2,180 per share represents a 3.4% discount from the current market price (CMP).

This move intends to allow the respective businesses to follow their unique objectives with greater agility, hence increasing shareholder value.

EBITDA increased by 14.8% to ₹103.4 Crore in the first quarter of this fiscal year, up from ₹90.1 Crore the previous year.

In the first quarter of this fiscal, EBITDA climbed by 16.5% to ₹376.1 Crore, up from ₹322.8 Crore in the previous year.

Following the deal, GAVL will own a 100% share in GTFL, further integrating its operations, the firm stated in a stock exchange filing.

The budget raised the long term capital gains tax on equities from 10% to 12.5%.

Refinery products contracted in June, putting the maximum pressure on core sector growth

Domestic mutual funds were allotted ₹1,117 Crore worth of shares.

After a fiscal surplus in May, India was back to a fiscal deficit in June; but it is much lower than expected.