MUMBAI: Holiday season travel rush saw overseas remittances jump to $2.4 billion in Dec 2023 from a nine-month low of $1.9 billion in Nov. Remittances in Dec were 16% higher than the $2 billion in the year-ago period despite widening the scope of tax collection at source (TCS) in the previous year’s Budget.The highest remittance … Read more
NEW DELHI: Budget carrier IndiGo has reported a profit of Rs 2,998.1 crore in the Dec quarter, up 111% from Rs 1,422.6 crore in Q3 of last fiscal. This is only marginally lower than the highest ever quarterly profit for an Indian carrier at Rs 3,089.2 crore reported by IndiGo in June 2023 quarter.With five … Read more
WASHINGTON: America’s employers posted 9 million job openings in December, an increase from November and another sign that the US job market remains resilient despite the headwind of higher interest rates.The number of openings was up from November’s 8.9 million, which itself was revised up in Tuesday’s report from the government. Job openings have gradually … Read more
NEW DELHI: India’s goods exports growth crawled back into positive terrain in December, rising 1% to $38.5 billion, which was the highest monthly reading since March, while a fall in imports helped narrow the trade deficit to a five-month low.Latest data released by the commerce department estimated that goods imports declined 4.7% to 58.3 billion, … Read more
As many as 1,990,915 vehicles were retailed last month, which is a growth of 21.14% over 1,643,514 units sold in the same period a year earlier, shows data collated from the VAHAN portal of the Ministry of Road, Transport & Highways (MoRTH) by the Federation of Automobile Dealers Association (FADA). Manish Raj Singhania, President, FADA, … Read more
Automobile retail sales saw a growth of 21 per cent year-on-year in the month of December, Federation of Automobile Dealers Associations (FADA) data showed on Monday. All sectors experienced favourable expansion, showcasing robust performance. Notably, two-wheeler (2W) sales surged by 28 per cent, three-wheeler (3W) sales demonstrated a growth of 36 per cent, and passenger … Read more
NEW DELHI: Manufacturing activity in the country slowed to an 18-month low in December as the rate of expansion of new orders softened, but overall, it remained robust and business confidence continued to stay strong for the months ahead, a survey showed on Wednesday.HSBC’s India manufacturing purchasing managers index (PMI) slowed from 56 in November … Read more
Fans of Song Kang and Kim Yoo Jung were just warming up to the couple’s romance in ‘My Demon’ and the run was met with a break! Episodes 11 and 12, which were scheduled for release on December 29 and 30 were cancelled.‘My Demon’ premiered on November 24, 2023 and narrates the story of a … Read more
NEW DELHI: Goods and services tax (GST) collections rose 10.3% to Rs 1,64,882 crore during December, driven by domestic sources, while the rise in mop-up from imported goods lagged.Latest data released by the finance ministry pegged collections from domestic sources to have increased 13% in December (for transactions in November). While Central and State GST … Read more
NEW DELHI: India’s energy demand caught the winter chill in December, with consumption of diesel, petrol and electricity falling as festive demand evaporated to reduce movement of people and materials.Government data shows power consumption dropping 2.3% to 119 billion units (BU) from a year ago, clocking the first decline since April 2023 when demand had … Read more