Revenue News

About 95% of receipts received were e-Receipts, with 40 Ministries/Departments achieving 100% e-Files adoption at remarkable levels. 

Intel's consumer chips witnessed 33 percent gains ($8.8 billion revenue) and the company saw “record performance notebook shipments in the quarter.”

GST collection grew by 28 % to Rs 1.43 lakh crore in August: Finance Ministry. The gross GST revenue collected in August 2022 stood at Rs 1,43,612 crore. The revenues for the month of August 2022, registered 28 % increase than the GST revenues of Rs 1,12,020 crore collected in August 2021.

In an apparent effort to maximize its freight revenue, Indian Railways has expanded its basket of freight that is used by it to move goods from from one location of country to another. In a first, Pepsi bottles were transported in 5 parcel vans from Azara Station in Assam to Naharlagun in Arunachal Pradesh on Saturday (August 15). Indian Railways has announced a series of benefits, ranging from lenient freight rates to even promise of freight delivery in a fixed time frame..

Among the top 500 firms, 155 reported declines in revenues in 2015, 61 more than a year ago, with many of them representing the overcapacity-plagued coal, steel, oil and chemicals industries.

At the conference titled 'Rajasva Gyan Sangam' (Knowledge Conference on Revenue), Modi asked the officials to "move towards digitisation" to make tax administration efficient and work towards bridging the "trust deficit".

 Industrial explosives manufacturer Solar Industries India (SII) is planning to ramp up its manufacturing capacity and introduce new solutions for the defence sector to achieve revenue of Rs 3,300 crore by 2018-19.

Seeking to simplify the procedure and promote ease of doing business, CBDT has said capital gains tax will be computed from the date of acquisition of financial instruments like bonds and debentures and not from the date of their conversion into shares.

Zee Entertainment Enterprises Ltd's (ZEEL) digital arm Digital Convergence is optimistic about growth in the coming years and was eyeing Rs 250crore revenue in FY17.

Google Inc in its affidavit stated that "no advertisements appear on the content owned by Ministry of Information and Broadcasting, Government of India and provided/uploaded on the YouTube platform by the ministry".

Goldman Sachs reported a big drop in earnings Wednesday as hefty legal expenses and lower trading revenues more than offset the gains from strong merger advising activity.

The outstanding cases for ex-parte cases per zone are City (110), Sadar Pahargaj (603), Karol Bagh (1,030), Civil Lines (3,094), Rohini (15,169) and Narela (4,621), total adding up to 24,627 cases, the NDMC said.

The fiscal deficit is the gap between expenditure and revenue.

Government is likely to meet its fiscal deficit target this year despite risks of shortfall in tax collection and disinvestment proceeds, as it may go for a small reduction in public spending, says a report.

Corporate revenues are likely to grow by a meagre 1.6 percent for the quarter ended September, which will be the fifth consecutive quarter of single-digit growth, Crisil Research said Wednesday.

Pune-based Force Motors expects to triple its revenue to Rs 3,000 crore in next three years driven by its contract manufacturing business for leading automobile companies like Mercedes Benz and BMW.

International Business Machines Corp`s revenue fell for the 13th consecutive quarter and missed the average analyst estimate, as it continued to shed low-margin businesses and the strong dollar weighed on Big Blue`s results.

Morgan Stanley reported a better-than-expected second-quarter profit on Monday as its business that trades bonds and equities handily outperformed those of its Wall Street rivals.

BlackBerry Ltd said on Tuesday its revenue slide began to ease and its turnaround gained traction as revenue from its crucial software segment rose in the first quarter, sending its shares soaring 8.6 percent.

Vodafone India Tuesday reported 12.6 percent jump in total revenue at Rs 42,526 crore for the fiscal ended March 2015 on the back of customer additions and robust data growth.