Revenue

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.