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A total of 58 paisa out of every rupee the government earns comes from direct and indirect taxes. Out of this, income tax contributes 15 paisa.

Projections include a QoQ net profit of Rs 3556 crore, an 18% decline in net sales, and an expected 13% YoY decrease. Analysts foresee a 6% dip in standalone volumes due to a seasonally weak quarter, coupled with a 1% sequential rise in blended realizations amid higher domestic steel prices.

Urbanisation, industrialisation and the growth of the middle class are driving a rapid increase in consumption of petroleum products for heating, lighting, cooking, transportation and petrochemicals.

Morgan Stanley retained its ‘underweight’ call on the Tata group company, with a target price of Rs 7,500 per share

The letter alleges that efforts are ongoing to scuttle the merger with Sony. Chandra wrote in his letter that while he is not concerned about the probe by market regulator SEBI, but the timing of the new notice.

The company will close the financial year 2023-24 with 11.5 percent revenue growth, falling short by 50-basis-points (bps) of the guidance it has set for itself.

Scope for near-term RoA expansion looks limited though long-term story intact

According to data released by the Central Board of Direct Taxes, the cost of tax collection decreased to 0.51 percent of total collection in 2022-23 from 0.57 percent in 2013-14

The world#39;s most populous country performed better than expected in the first two quarters of this fiscal year to end-March, as the government steps up already-strong spending to bolster growth momentum running into a national election due in May.

On the upside, 21,500 will be an immediate hurdle for the Nifty 50, while 20-DMA round 21,700 will remain a key challenge.