Jayant Acharya, Joint MD & CEO, JSW Steel, says , from a volume perspective they are good to go. The hot strip mill in Vijayanagar has been commissioned. The integrated facilities are under commissioning in the next two months or so but as they ramp up, the production volumes will increase. Similarly, BPSL phase 2 … Read more
Having reported record high revenue, profits and free cash flows, Tata Motors now expects to become net automotive debt free on a consolidated basis in FY25, it said in a stock exchange filing. The company is ‘cautiously optimistic’ on domestic demand over the full year, but expects the first half of the financial year to … Read more
NEW DELHI: Rating agency Fitch raised its forecast for India’s economic growth on Thursday, projecting a 7 per cent expansion in the next fiscal year starting on April 1 on the back of strong domestic demand and a sustained level of business and consumer confidence, with 8.4 per cent growth in gross domestic product (GDP) … Read more
Japan‘s economy unexpectedly slipped into recession after shrinking for a second quarter due to anemic domestic demand, prompting some central bank watchers to push back bets on when the nation’s negative interest rate policy will end.GDP contracted at an annualised pace of 0.4% in the final three months of last year, following a revised 3.3% … Read more
NEW DELHI: Goods and services tax (GST) collections rose 15.1% to Rs 1,67,929 crore in November as strong domestic demand during festival season and the focus on compliance resulted in the fastest pace of expansion since last December.Latest data released by the finance ministry showed that in November (for transactions in October), integrated GST(IGST) on … Read more
NEW DELHI: GST collections rose 10.8% to Rs 1,59,069 crore in August, as the mop-up suffered due to rain related disruptions in some states such as Himachal Pradesh.Himachal Pradesh – where severe rains have resulted in disruption of road and rail movement – saw a meagre 2% increase in GST collections, the lowest among all … Read more