Oct production, other indicators herald a brisk H2 for India

A coal shortage, high oil prices and supply disruptions emerged as drags on growth, but experts expect the economy to remain firm.

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October GST collections at 1.3 lakh crore, second highest ever

Gross GST collections in October totalled Rs 1.3 lakh crore — the second highest receipts since the implementation of the tax reform measure in July 2017 — with economic recovery strengthening and compliance improving significantly.

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FB, Insta, WA block accounts in millions in Sept

Social media giant Facebook said on Monday it has “actioned” over 26.9 million content pieces across 10 categories between September 1 and 30 in India, while its photo sharing platform, Instagram took action against over 3.2 million pieces across nine categories during the same period proactively.

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Edible oil prices slashed by Rs 3-5 per kg

The edible oil producers’ body, SEA, said on Monday that its members have decided to reduce the wholesale prices of edible oils by Rs 3-5 per kg during this festival season to provide some relief to consumers. This is expected to bring down the retail prices of the edible oils to some extent, which have increased significantly in the past one year.

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Companies may have to pay more taxes on intangible assets

The change could affect corporations like Tata group, Mahindra Group, ICICI Bank, and HSBC Bank, among others, who have multiple subsidiaries and group companies.

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Long waiting periods, negligible discounts: Semi-conductor shortage woes for car buyers

Waiting periods running into several months, production cuts and near-negligible discounts mark the festive season as semiconductor shortages have seen companies slash wholesale deliveries, even in the month preceding Diwali.

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Diesel sales top pre-Covid level for the first time in a year

India’s October diesel consumption surpassed the pre-Covid level for the first time in a year as festive demand boosted industrial activity and rapid vaccination against Covid prompted more people to travel.

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Exports rise 42.33% to $35.47 billion in October

India's merchandise exports in October rose 42.33 per cent to $35.47 billion, according to provisional data released by the government on Monday.

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Internet must always remain open, safe: MoS IT

Creating a culture of rule-based accountability among large digital platforms is important to ensure that internet remains open and safe for all users, minister of state for electronics and IT Rajeev Chandrasekhar said on Monday.

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