Mumbai: Axis Bank has posted a net profit of Rs 5,864 crore for the September quarter — an increase of 10% over Rs 5,330 crore reported in the year-ago period. The increase in net profit comes on the back of a 19% rise in net interest income to Rs 12,315 crore, as compared to the previous year.Deposits of the bank rose 17.8% to Rs 9.6 lakh crore at the end of September, from Rs 8.1 lakh crore a year...
NEW DELHI: Goods and services tax (GST) collections rose 10.2% to Rs 1,62,712 crore in September, driven by a 14% growth in domestic transactions. The finance ministry as well as tax experts expect the collections to get a boost during October and November as the festival season kicks in. Besides, tighter regulation and the inclusion of online gaming and casinos in the GST net are expected to help swell...
CHENNAI: With the Karnataka government refusing to release water, the Cauvery Water Management Authority (CWMA) has convened an emergency meeting on September 18.The Tamil Nadu government was informed about the meeting on Friday. “The authority’s last meeting (on August 29) was also an emergency one with a single-point agenda on sharing water,” said an official.The Cauvery Water Regulation...
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