Aditya Ultra Steel posts 21pc rise on FY25 profit; to set up 5MW solar plant
The company which manufactures rolled steel products under the brand name Kamdhenu, reported net sales of Rs 585.31 crore for the period ended March, 2025 compared to Rs 587.80 crore for the period ended March 2024.
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India.com
15 minutes ago
- India.com
Bad news for India! foreign investors sell Rs 270000000000 of shares in just…, due to…
The Indian stock market has already been declining since the last few days over weak quarterly results reporting. At the same time US President Donald Trump withdrew announced tariffs on Indian trade affected Indian market's sentiments. The negotiations regarding the same are already going on but still the market has reacted adversly. Foreign investors are constantly withdrawing from the Indian stock market. In the last nine trading sessions, they have sold shares of Rs 27000 crore. Another concerning factor was the long-to-short ratio for foreign investors has gone down to 0.11 down. It was 0.61 lowest level in March 2023. This time it has declined far more than two years ago. This means that 90% of the trades by foreign investors are sell orders. Why Are Investors Selling Shares? There are several reasons behind foreign investors exit from Indian markets: Weak Q1 Results: The first-quarter financial results of many Indian companies didn't meet expectations which reduced investor confidence. Trump's Tariff Shock: Former U.S. President Donald Trump announced a 25% tariff on goods imported from India. This has affected foreign investors. Strong U.S. Dollar: The U.S. dollar has strengthened recently which has made India a less attractive market for them. The dollar index has declined the 100 mark, with a 2.5% gain this week alone and its best performance in the last three years. After Trump's tariff announcement on Wednesday, the Indian markets reacted on Thursday. Foreign Institutional Investors (FIIs) pulled out Rs 5,600 crore in a single day. Already concerned by weak corporate earnings, investors started to sell, with sell-side deals making up 90% of their trades and comparable to the 89% seen in January. (Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
Time of India
28 minutes ago
- Time of India
Delhi zoo may soon increase its ticket price; Check details
From 20 paise in 1959 to a proposed Rs 100 in 2025 — ticket prices at the Delhi Zoo may soon see another hike as part of efforts to modernise the 65-year-old park. The proposed increase from the current Rs 80 to Rs 100 was discussed in a recent review meeting. However, officials clarified that the plan is still under consideration and awaits final approval. Explore courses from Top Institutes in Please select course: Select a Course Category PGDM Others MCA Design Thinking Operations Management others Cybersecurity Project Management Management CXO Artificial Intelligence Data Science Degree Data Science Public Policy MBA Product Management Finance Digital Marketing healthcare Technology Data Analytics Leadership Healthcare Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details Zoo authorities said the move aims to align Delhi Zoo's entry fees with those of other leading zoos across the country and help fund ongoing modernisation initiatives. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Only Classless Women Wear these Over a Certain Age Learn More Undo "In several states and even internationally, ticket prices for zoos average over Rs 100 per adult. We discussed revising the rates to Rs 100 for adults and Rs 50 for children to bring parity with other large zoos. But no file has yet been moved to the ministry," a senior official said. If approved, this would be the third hike in Delhi Zoo's entry fees in the past decade. The last revision came in 2021, when ticket prices were doubled from Rs 40 to Rs 80 after the zoo reopened post the COVID-19 pandemic. Prior to that, rates were increased in 2013 — from Rs 20 to Rs 40. Live Events Established in 1959, the Delhi Zoo initially charged just 20 paise for adults and 10 paise for children aged 5 to 12, while kids under five could enter for free. Back then, visitors could also buy a printed zoo map for 5 paise — a handy guide that doubled as a souvenir. "The old printed maps used to show the major enclosures and helped people navigate easily. It was a small token of their visit," the official added. Currently, the zoo is home to 95 species, with plans to bring in two otters from the Surat Zoo next month, reintroducing the species after a gap of over two decades. With their arrival, the total number of species at the zoo will increase to 96. Meanwhile, the zoo has witnessed a rise in footfall, with data showing over 2.46 lakh visitors in June this year. In comparison, around 1.57 lakh visitors were recorded in July 2024. The Delhi Zoo remains one of the city's most popular attractions, drawing between 8,000 and 10,000 visitors on weekends while weekday attendance ranges from 4,000 to 6,000, according to officials.
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Business Standard
an hour ago
- Business Standard
India's net GST revenue rises 1.7% to ₹1.68 trillion in July; refunds surge
India's net revenues from goods and services tax (GST) grew by a marginal 1.7 per cent in July to ₹1.68 trillion, thanks largely to a sharp spike in refunds even as gross collections from the indirect tax were up 7.5 per cent at almost ₹ 1.96 lakh crore. July's net GST kitty growth marks the slowest pace since last February from when disaggregated data on gross and net GST collections is available. In June, net GST revenues were up 3.3 per cent. Net revenues from domestic transactions, in fact, contracted 0.2 per cent in July, even though gross domestic revenues were up 6.7 per cent, as refunds for domestic transactions more than doubled to nearly ₹17,000 crore from under ₹8,000 crore in July 2024. GST refunds to exporters grew at a slower pace of 20 per cent and added up to a little over ₹10,000 crore, so net revenues from imports were up 7.5 per cent at ₹42,548 crore. Gross revenues from imports rose 9.7 per cent prior to refunds, to touch nearly ₹53,000 crore. 'Higher refunds on domestic supplies could be from excess tax payments, inverted duty structures, and other adjustments. The increased refunds should aid cash flows for businesses,' observed Abhishek Jain, indirect tax head and partner at KPMG. Sequentially, July's net GST collections, for transactions undertaken in June, were nearly 6 per cent higher than from ₹1.59 trillion reported in June. In May and April, the net GST receipts were registered at ₹1.73 trillion and ₹2.09 trillion respectively. In the first four months of financial year 2025-26, net GST revenues are up 8.4 per cent at ₹7.11 trillion, with domestic revenues rising 6.1 per cent to ₹5.6 trillion and import revenues surging 18.1 per cent to almost Rs. 1.51 trillion. Gross GST revenues, before effecting refunds, are up 10.7 per cent to ₹8.18 trillion, while refunds have risen 29 per cent to about ₹1.07 trillion. 'The growth in net monthly collection is only 1.7 per cent as against YTD (year-to-date) growth of 8.4 per cent, though partly attributed to significant increase in refunds,' said Pratik Jain, partner with Price Waterhouse & Co LLP. 'After a tepid growth in the previous month as well, the GST Council may like to discuss the possible measures to augment the revenues in the next meeting. With the GST Compensation Cess going away, the states may also be a bit more concerned about the slowdown in GST collections,' Jain remarked. MS Mani, partner at Deloitte India noted that though there has been a focus on domestic manufacturing and import substitution, the GST revenue numbers indicate that the gross GST domestic revenue risen only 9 per cent so far this year, while import revenues have risen 16 per cent. The spike in refunds augurs well for businesses as it signals quicker processing by the tax authorities, he said. Mani also pointed to the weak growth in revenues amongst large producing and consuming states — from 2 per cent for Delhi, 3 per cent for Gujarat, 4 per cent for Rajasthan, 6 per cent for Maharashtra, 7 per cent for Karnataka and Uttar Pradesh, and 8 per cent for Tamil Nadu. The state-wise data shows smaller states and Union Territories like Tripura (41 per cent), Andaman and Nicobar Islands (31 per cent), and Meghalaya (26 per cent) posted over 25 per cent growth in July. , Uttar Pradesh (7 per cent) reported single digit growth. Mizoram, Manipur and Lakshdweep clocked contractions of 21 per cent, 36 per cent and 52 per cent, respectively, as did Jammu and Kashmir (-5 per cent), Chhatisgarh (-4 per cent), and Jharkhand (-3 per cent).
