Revenue
Revenue News
GST revenue likely to be around Rs 1.45 crore in September
The collection has been over Rs 1.4 lakh crore since March with April seeing a rise up to Rs 1.68 lakh crore
PVR reports Q4 net loss of Rs 105.49 crore, revenue at Rs 537.14 crore
The company had posted a net loss of Rs 289.21 crore in the January-March quarter a year ago, PVR said in a BSE filing.
India records all-time high gross GST collection in March; rakes up Rs 1.42 lakh-crore revenue
The gross GST collection in March 2022 is all-time high, breaching an earlier record of Rs 1,40,986 crore collected in January. The revenues for March 2022 are 15 per cent higher than the GST revenues in the same month last year
Union Budget 2022: Underestimating tax revenues for the second year in a row by finance minister is puzzling
In the last year’s budget, Centre’s net tax revenue growth in FY22 was estimated to grow by 8.5 per cent. Today, in the revised estimates for FY22, the Budget admits tax revenues are likely to grow by 24 per cent.
Budget 2022: FY2023 fiscal deficit to be similar to budgeted level for FY2022
ICRA projects the fiscal deficit at a higher Rs 17.9 trillion (or 6.9 percent of GDP), driven by free foodgrains under the PMGKAY scheme and an enhanced outgo for MGNREGA
Premier League: Manchester City's revenue exceeds Manchester United's for first time
City reported club record revenue of £569.8 million ($780 million) for their title-winning 2020-21 season.
Facebook India FY 2020 revenue up 43 percent at Rs 1,277 crore, net profit doubles to Rs 135.7 crore
Around 2.5 billion people use Facebook's family of app globally while 10 million are its active advertisers.
Disney reports 42 percent revenue drop in third fiscal quarter, earns $11.78 bn
Disney has been opening its parks around the globe, but most were still shuttered during the company’s fiscal third-quarter.
V-Guard Q4 profit drops 47% to Rs 32 cr due to COVID-19 lockdown; says business to bounce back in coming months
V-Guard's net net revenue from operations for the quarter was Rs 541 crore, declining by 27 percent over the corresponding period of the previous year (Rs 746 crore).
COVID-19 Impact: Retail trade lost business worth Rs 9 lakh cr in 60 days; businessmen facing acute financial crunch, says CAIT
CAIT said domestic trade is facing its worst period as shops and commercial markets across the country since last Monday could register only 5% of business, and only 8% of workforce could resume their duties in shops.
Textiles manufacturer GHCL net profit falls 29% to Rs 85 cr in March quarter; lockdown impacts company's business
GHCL Ltd Managing Director R S Jalan said the current COVID-19 pandemic caused major disruptions in various business segments.
Kerala to hike IMFL prices steeply, to issue ordinance soon; govt eyes to gain extra revenue during lockdown
At present, the sales tax on IMFL is 202 percent for brands priced up to Rs 400 and 212 percent for brands above that.
Sterlite Technologies net profit slumps 50% to Rs 80 cr in March quarter; revenue from operations stands at Rs 1,160 cr
Sterlite Technologies board has recommended final dividend of 175 percent at Rs 3.50 per equity share for 2019-20, subject to shareholders' approval, the statement said.
Finance Ministry issues modified circular on salary contribution to PM-CARES Fund; says those willing should intimate officers
A circular issued on 17 April had urged all the officers and staff of the finance ministry to contribute one-day's salary every month to the fund till March 2021, beginning with May salaries.
TCS shares jump 5.5% post-Q4 earnings, m-cap rallies Rs 34,222 cr; investors anticipate demand recovery in Q3
TCS on Thursday reported a marginal dip in March quarter net at Rs 8,049 crore.
Fiscal deficit touches 128.5% of Budget estimate at January-end; expenditure-revenue gap stands at Rs 9,85,472 cr: Govt data
The fiscal deficit during the same period during 2018-19 was 121.5 percent of that year's Revised Budget Estimate (RE).
GST compensation of 9 states may double to Rs 70,000 cr in FY'20; SGST collections likely to fall this fiscal: ICRA
Subdued economic growth and reductions in GST rates have resulted in a muted 3.7 percent rise in the headline GST collections in April-November 2019.
TCS vs Infosys: While Tata's flagship firm's earnings disappoint Street, Infosys marginally ahead of estimates; Q2 analysis in 6 charts
On the rupee revenue front, both TCS and Infosys had reported record numbers at least in 22 quarters
TCS vs Infosys: While Tata's gem dazzled in net profit, Bengaluru firm did well on revenue front; Q1 analysis in 6 charts
In the June quarter, on net profit front both IT majors have beat analysts' estimates while on the operating profit margin front, there were some disappointmentsv
Narendra Modi likely to meet finance ministry department officials on 20 June, plans to discuss roadmap for growth
Ahead of the Budget, Prime Minister Narendra Modi is likely to meet all five departments of the finance ministry on 20 June to discuss the road map for boosting country's growth and generating jobs.