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Budget 2024 Expectations: FAME scheme, aid for vehicle scrapping and other expectations of the auto industry

The auto industry eagerly awaits Budget 2024 with expectations like FAME 3 scheme, incentives for h…

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Why has Bernstein called India’s EV sector 'irrelevant'?

Even with hefty incentives, incumbent OEMs are still unprofitable, the report stated.

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Budget 2024 expectations – PLI scheme to GST reduction, budget expectations from the tech industry

The Budget 2024 is set to be tabled on July 23 by the finance minister Nirmala Sitharaman and like …

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Auto stocks recover after Gadkari clarifies his '10% additional GST on diesel vehicles' comment

The auto index, Nifty Auto, recovered from its 400 point or approximately 2.5% fall after ​​Union M…

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Stock markets rebound as GST revenues hit record in April

​​Stock markets rebounded on Thursday with benchmark Sensex closing higher by 128 points as record …

PTI   


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Market closing: Sun Pharma, Hero Moto lose as fertiliser stocks shine

Nifty and Sensex closed on a positive note. Sun Pharma and HDFC Life were amongst the day's losers.…

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Retail vehicle sales decline 4% in April, says FADA as it remains cautious about May

Entry-level passenger vehicle segment has fewer buyers, suggesting that customers at the bottom of …

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GST mop-up rises 13% to ₹1.6 lakh crore in March, second highest collection ever

GST collection grew 13 per cent in March to Rs 1.60 lakh crore - the second highest mop-up since th…

PTI   


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RBI may hike benchmark lending rates by 25 bps in April: DBS

The Reserve Bank is likely to hike benchmark lending rates by 25 basis points in its bi-monthly pol…

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Sensex, Nifty finish higher on foreign fund inflows; record GST collection in April

Equity benchmarks ended higher on Tuesday mainly due to buying in index heavyweights Infosys and Re…

PTI   


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FPIs pump ₹9,677 crore into financial services and auto stocks in April

Foreign portfolio investors (FPI) have started FY24 on a positive note, with strong inflows observe…

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India is betting on casinos, online games and horse races to fill its coffers

Online betting, gambling, casinos and horse racing have long been treated ‘unfairly’ by the Indi…

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Oct 1 deadline for compulsory e-invoice generation nears for firms with ₹10 crore turnover

Central Board of Indirect Taxes and Customs (CBIC) had on August 1 issued a notification regar…

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Parliamentary panel suggests lower GST rate for auto sector

The committee noted that some of the factors that contributed to slowdown are non-availability of …

PTI   


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Indian government collected ₹1.30 lakh crore in GST

The revenue for October is also the second highest ever since introduction of GST, second only…

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Budget 2020: Auto industry expectations range from GST cuts to another EV boost

On the top of the many requests of the sector is a GST cut. The transition to BSVI vehicle…

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Sensex, Nifty50 snap 8-day winning streak amid weak global cues – autos, financial services drag

India’s benchmark indices Sensex and Nifty50 snapped their eight-day winning streak on Friday, and …

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Indian markets open marginally lower amid weak global cues – PB Fintech, Maruti Suzuki, Tata Motors, M&M, Bajaj Auto and other stocks in focus

Indian benchmark indices Sensex and Nifty50 opened marginally lower on Friday amid mixed global cue…

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With 32 million jobs at stake in India’s auto sector, the Modi government may ease tax burden on cars

Currently, the automobile sector attracts 28% GST along with personal-use aircrafts, lotteries…

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Hero Moto, TVS Motor, Bajaj Auto shares rally as GST Council may consider tax cut

Shares of two-wheeler majors Hero MotoCorp, Bajaj Auto and TVS Motor Company soared on Wednesday af…