Exclusive Content:

La ciencia explica el mejor rango de...

Write a detailed and engaging article about La ciencia...

Eesti pandikuninganna alustas äri nullist ja ähvarduste...

Write a detailed and engaging article about Eesti pandikuninganna...

Digitalizacija izobraževanja: napredek in priložnosti v sodobnem...

Write a detailed and engaging article about Digitalizacija izobraževanja:...

Weekly Roundup: Zomato and Suzlon Energy among top market movers and news highlights

Top News

Goods and Services Tax

In July 2024, Goods and Services Tax (GST) collections surged to ₹182,075 crore, reflecting a notable 10.3% increase from the ₹165,105 crore collected in July 2023. This uptick was seen across all categories, including Central GST (CGST), State GST (SGST), Integrated GST (IGST), and cess, as reported by ANI. For the year-to-date, GST collections have risen by 10.2%, reaching ₹7.38 lakh crore compared to ₹6.70 lakh crore in the same period last year. April 2024 set a new high with collections peaking at ₹2.10 lakh crore, followed by ₹1.73 lakh crore in May and ₹1.74 lakh crore in June. In the budget presentation, the finance ministry projected that central GST revenue, including cess, will reach ₹10.62 trillion for FY25. This forecast exceeds the revised estimate of ₹9.56 trillion for FY24.

Sanstar Share Price

Shares of Sanstar got listed at a premium of 14.7% over the issue price of ₹95. On fundamentals of Sanstar shares, Amit Goel, Co-Founder & Chief Global Strategist at Pace 360, said, “Sanstar Limited is engaged in manufacturing specialty plant-based products and ingredient solutions for food, pet food, and other industrial applications in India. It includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and by-products such as germ, gluten, fiber, and fortified proteins. It marked inconsistency in its top lines; the bottom line steadily grew for the reported period. The issue appears to be priced aggressively when considering the FY24 earnings.”

Additionally, the IPO of Akums Drugs and Pharmaceuticals and Ceigall India got oversubscribed by 63.44 times and 1.26 times respectively. Meanwhile, Bajaj AMC and SBI AMC have launched the NFO for Bajaj Finserv Large Cap fund and SBI Innovative Opportunities fund. The NFO closes on 12 August 2024.

Kuvera is a free direct mutual fund investing platform. Unless otherwise stated, data sourced from BSE, NSE, and Kuvera.

In conclusion, the recent surge in GST collections and the successful listing of Sanstar shares indicate positive trends in the Indian financial market. Investors are closely watching the performance of these companies and the overall economic landscape for potential opportunities. Stay tuned for more updates on the latest news and developments in the financial sector.

Latest

Eesti pandikuninganna alustas äri nullist ja ähvarduste saatel. Nüüd jäävad konkurendid kaugele maha – Ärileht

Write a detailed and engaging article about Eesti pandikuninganna...

Digitalizacija izobraževanja: napredek in priložnosti v sodobnem učnem procesu – GOV.SI

Write a detailed and engaging article about Digitalizacija izobraževanja:...

Newsletter

Don't miss

Treze pessoas foram presas um dia após os ataques.

The recent wave of violence in Santa Catarina, Brazil,...

New company launching in Karlstad: Premek Hi Tech Srl Italy, Scandinavian Branch – NWT

A new company is making its mark in Karlstad,...

Rødt går inn for en strengere grunnlov – Klassekampen

Write a detailed and engaging article about Rødt går...

La ciencia explica el mejor rango de repeticiones para desarrollar músculo, ganar fuerza o resistencia muscular – Men's Health

Write a detailed and engaging article about La ciencia explica el mejor rango de repeticiones para desarrollar músculo, ganar fuerza o resistencia muscular  Men's Health....

Eesti pandikuninganna alustas äri nullist ja ähvarduste saatel. Nüüd jäävad konkurendid kaugele maha – Ärileht

Write a detailed and engaging article about Eesti pandikuninganna alustas äri nullist ja ähvarduste saatel. Nüüd jäävad konkurendid kaugele maha  Ärileht. The article should be...

Digitalizacija izobraževanja: napredek in priložnosti v sodobnem učnem procesu – GOV.SI

Write a detailed and engaging article about Digitalizacija izobraževanja: napredek in priložnosti v sodobnem učnem procesu  GOV.SI. The article should be structured with clear distinct...