Introduction GST: In June 2023, India witnessed a remarkable increase in its gross GST (Goods and Services Tax) revenue, with a growth rate of 12% compared to the previous year. The total GST revenue collected in June 2023 amounted to a staggering 1,61,497 crore. Among the various components of GST, the State Goods and Services…
Introduction In the upcoming week, the primary market will witness the launch of two main board initial public offerings (IPOs): ideaForge Technology and Cyient DLM. These IPOs are expected to make a significant impact on the market, attracting investors and generating substantial funds. This article provides comprehensive information about these public offerings, including their grey…
Introduction Sensex ended the day down 260 points, or 0.41 percent, at 62,979.37, while Nifty lost 106 points, or 0.56 percent, to end the day at 18,665.50. BSE midcap decreased by around 3 lakh crore in a single day. Domestic equities suffered As investors remained worried about sticky inflation, rate rises, and their influence on…
In a significant development in the aerospace industry, GE Aerospace has signed a Memorandum of Understanding (MoU) with Hindustan Aeronautics Limited (HAL) to collaborate on the production of fighter jet engines for the Tejas Mk2. This strategic partnership aims to leverage the strengths and expertise of both companies to enhance the indigenous defense capabilities of…
Introduction The latest two-day FOMC meeting provided insight into the Federal Reserve’s intentions for interest rate increases and managing inflation. By the end of 2023, the representatives predicted that rates will rise by 0.5 percentage points. This indicates the possibility of two further rises, assuming quarter-point modifications. The benchmark borrowing rate set by the Fed…
