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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…
Why has Bernstein called India’s EV sector 'irrelevant'?
Even with hefty incentives, incumbent OEMs are still unprofitable, the report stated.
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 …
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…
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
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.…
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 …
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
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…
PTI
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
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…
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…
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…
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
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…
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…
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 …
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…
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…
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…