Festive buying spree unleashed by lower tax rates pushed gross GST collection to about Rs 1.96 lakh crore in October, registering a 4.6 per cent year-on-year growth — the slowest rate so far this fiscal. Illustration: Dominic Xavier/Rediff The slowest
Hindustan Unilever Ltd’s (HUL’s) second quarter 2025-26 (Q2FY26) consolidated revenue rose 2 per cent to Rs 16,250 crore, with low or flat volume growth. Demand remained stable but goods and services tax (GST) transition and prolonged monsoon hurt offtake. Photograph:
Top carmakers led by Maruti Suzuki, Mahindra & Mahindra, Tata Motors Passenger Vehicles and Kia India on Saturday reported record sales in the domestic market riding on festive demand boosted by GST rate cut. Photograph: Babu/Reuters Other manufacturers such as
Non-banking financial company SBFC Finance Ltd on Saturday (November 1) reported a 29.7% year-on-year rise in Q2 FY26 net profit to ₹109 crore, up from ₹84 crore in Q2 FY25, driven by a 32% increase in net interest income (NII) to
The week began on a positive note, extending the festive-driven optimism seen over the past month. However, volatility increased as the week progressed, with momentum easing amid geopolitical tensions and profit-taking. Over the month, Nifty 50 rallied by 1,500 points
Mining major Vedanta’s consolidated net profit plunged 58.69 per cent year-on-year (Y-o-Y) to Rs 1,798 crore in the second quarter of 2025-26 (Q2FY26), dragged down by exceptional losses booked during the period under review. Photograph: Danish Siddiqui/Reuters The company had
‘When you think of cross-border payments, the first things that come to mind are risk, compliance, taxation, speed, and cost.’ Kindly note that this illustration generated using ChatGPT has only been posted for representational purposes. Addressing cross-border payment challenges
Maruti Suzuki India Ltd on Friday reported an 8 per cent rise in consolidated net profit to Rs 3,349 crore for the second quarter ended September 30, driven by robust exports growth. Photograph: Amit Dave/Reuters The company had posted a
