The Gross Goods and Services Tax (GST) collection in India has witnessed a notable growth of 12% year-on-year, amounting to ₹1.61 lakh crore in the month of June. This report analyzes the factors contributing to this increase, the implications for the economy, and the significance of the GST collection in driving fiscal stability. Growth in …
Apple Inc., the multinational technology company, has once again reached a significant milestone as its market value surpasses the $3-trillion mark for the second time. This report examines the implications of Apple’s market valuation, factors contributing to its success, and the broader implications for the technology industry. Apple’s Market Value Achievement Rarefied Air: Crossing the …
The Securities and Exchange Board of India (SEBI) has imposed fines on 15 entities after they allegedly made a profit of ₹2.09 crore through stock manipulation. The entities were found guilty of sending bulk SMSes disguised as stock tips from ICICI Securities. The fines, ranging between ₹5-8 lakh, were levied on Friday. According to SEBI, …
During a meeting with Moody’s, India advocated for a sovereign rating upgrade and raised concerns about the criteria used by the rating agency to assign ratings. Following the meeting, an official expressed optimism, stating that Moody’s acknowledged the positive aspects of the Indian economy, and the country is hopeful for a rating upgrade. A higher …
That’s great news! Reliance Industries, led by Mukesh Ambani, has climbed 8 spots to secure the 45th rank on Forbes’ Global 2000 list. The Global 2000 list is an annual ranking of the world’s largest and most powerful public companies based on various metrics such as revenue, profit, assets, and market value. Reliance Industries’ ascent …