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REVENUE COLLECTIONS
Strong macro show takes shape in Q2 before festive rushIndia's economy is experiencing significant growth, highlighted by a 14.7% increase in goods and services tax collections in September. Car...- In 2013, an Australian entrepreneur ran fitness sessions from his parents' garage; years later, the brand Fitstop generated $1.2 million a weekPeter Hull was running fitness sessions from his parents’ garage in Brisbane. He had no national gym chain behind him and no obvious reason...
- GST collections remain strong, but faster import growth needs watching: Tax expertsIndia's GST collections remained strong, rising to Rs 2.04 lakh crore in September, however experts express concern over the wide gap in ta...
- Inox Air Products files IPO papers; issue size not disclosedInox Air Products has unveiled a draft red herring prospectus as it seeks to raise substantial funds through an initial public offering. As...
- India's Gross GST collection ticks up 14.7% in September to Rs 2.04 lakh croreThe Indian government reported a 14.7% increase in GST collections for September 2023 compared to last year. Maharashtra topped the states ...
- Fiscal path hinges on direct taxes as customs, excise revenues face pressure: ReportIndia's fiscal trajectory will increasingly depend on the strength of direct tax collections due to lower customs duties. Indirect tax reve...
- Mumbai property market continues strong run, records best-ever SeptemberMumbai recorded its strongest-ever September for property registrations, with 12,560 transactions, up 4% year-on-year, according to Maharas...
- April-August fiscal gap widens to ₹7.1 lakh crore on higher capex, subsidy outgoThe Centre’s fiscal deficit rose to ₹7.1 lakh crore, or 41.9% of the FY27 target, by August, up from ₹6 lakh crore a year earlier, official...
- In 2019, Kentucky entrepreneur Caleb Ashton started flipping games with $500; 7 years later, his business hit $4 millionWith just a $500 investment, Caleb Ashton launched QuickFlips in 2024, embracing the world of reselling. Specializing in video games, conso...
- Anthropic IPO prospectus reveals deep reliance on Amazon, Google for sales and computeAnthropic plans a highly anticipated IPO and seeks a valuation of approximately $2 trillion. The company reported a sharp increase in reven...
- Anthropic IPO explained: $2 trillion valuation, ballooning net loss, AI risks and other details in leaked IPO papersAnthropic is preparing for a potential IPO as its revenue surges, but losses and infrastructure commitments balloon. The AI company has als...
- Explained: How the US controls Iraq's oil revenuesUS troops are set to leave their last bases in Iraq, but Washington will retain significant economic leverage through Iraq’s oil revenues, ...
- GST 2.0 revived demand. Now industry wants its tax credit unstuckThe GST Council is set to reconvene after a year to focus on reforming the input tax credit system. Recent surveys by KPMG and Deloitte hig...
- College sports gets its Congress moment: Inside the Senate-passed Protect College Sports ActThe Protect College Sports Act was passed by the US Senate, setting federal rules for college athletics. This legislation governs how athle...
- Finance Ministry seeks banks' inputs on AI tools for loan collection, assesses adoptionThe finance ministry has sought feedback from banks on their use of AI-driven loan collection tools to assess adoption and customer-protect...
- Uttar Pradesh has emerged as preferred investment destination: GoyalUttar Pradesh has emerged as a preferred investment destination, Commerce and Industry Minister Piyush Goyal said, citing favourable indust...
- MCD accumulates over Rs 80 crore in unpaid parking dues over last three yearsThe MCD has accumulated more than Rs 80 crore in unpaid licence fees and contract dues from parking operators over the past three years, of...
- West Bengal orders 21 closed tea gardens to reopen in 10 daysWest Bengal Transport and Labour Minister Arjun Singh visited North Bengal to address the closure of tea gardens. The state government has ...
- UPI MDR decision completely professional, no external pressure: FM SitharamanTalking to PTI, Sitharaman said the decision was completely professional, and it was taken jointly by the National Payments Corporation of ...
- States' revenue growth to accelerate 9-11% as GST collections rise 16% in first five months: CrisilRevenue growth for 18 major Indian states is projected to accelerate to 9–11% in fiscal 2027, taking combined revenues past ₹44 lakh crore,...
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