Thursday, Nov 7 2024 | Time 03:20 Hrs(IST)
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Business Economy


Net direct tax collections rise 18 pc in FY25 so far

New Delhi, Oct 11 (UNI) Net direct tax collections comprising of personal income tax, corporate tax, securities transaction tax (STT) and other taxes rose 18.35% year-on-year to Rs 11.26 lakh crore in the current financial year till October 10, 2024.
The net direct tax collection during the same period last financial year had stood at Rs 9.51 lakh crore.
As per data released by the income tax department, gross direct tax collection in the current financial year till October 10 stands at Rs 13.57 lakh crore thus registering 22.30% year-on-year growth over the same period a year ago.
Total refunds during the period stood at Rs 2.31 lakh crore, up 46% compared to Rs 1.58 lakh crore in the same period a year ago.
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Tessolve to acquire Europe’s chip design firm for up to Rs 400 crore

06 Nov 2024 | 8:30 PM

New Delhi, Nov 6 (UNI) Tessolve, a Hero Electronix venture and a leading provider of semiconductor engineering solutions, on Wednesday announced the signing of a definitive agreement to acquire 100% of Germany-headquartered semiconductor chip design firm Dream Chip Technologies for a consideration of up to Rs 400 crore.

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JK Lakshmi Cement reports Rs 19 crore loss in Q2

06 Nov 2024 | 7:57 PM

New Delhi, Nov 6 (UNI) JK Lakshmi Cement on Wednesday reported a consolidated net loss of Rs 19.24 crore for July-September quarter (Q2) of the current fiscal 2024-25 as against Rs 95.87 crore profit in the same quarter a year ago.

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JB Pharma net up 16 percent to Rs 175 crore in Q2

06 Nov 2024 | 7:20 PM

New Delhi, Nov 6 (UNI) JB Chemicals & Pharmaceuticals Limited (JB Pharma) on Wednesday announced second quarter (July-September) financial performance and said its Profit After Tax grew 16 percent y-o-y to Rs 175 crore versus Rs 151 crore in the same quarter of last financial year.

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Esaote Group expands production in India

06 Nov 2024 | 5:50 PM

Noida, Nov 6 (UNI) Esaote Group, a leading Italian innovator in medical imaging - ultrasound, dedicated magnetic resonance imaging and information technology for healthcare – strengthens its presence in India with a new manufacturing site in New Delhi (B-15, Sector 60 Noida Uttar Pradesh), created and managed by the subsidiary Esaote Asia Pacific Diagnostic Private Limited.

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Market cheers Trump’s victory; Sensex zooms over 900 points

Market cheers Trump’s victory; Sensex zooms over 900 points

06 Nov 2024 | 5:46 PM

Mumbai, Nov 6 (UNI) India’s benchmark indices rallied more than one per cent as the BSE Sensex on Wednesday zoomed 901.50 points to close high at 80,378.13 as buying was seen across the board following Donald Trump's victory in US Presidential election ending uncertainty.

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