Individuals reporting annual total income of over Rs one crore have doubled to 1.69 lakh in the two-year period ending March 2022, the income tax department data showed. As per the tax return data filed in assessment year (AY) 2022-23, relating to income earned in fiscal 2021-22), 1,69,890 individuals have shown total income… Continue reading Individuals reporting annual income of above Rs 1 cr doubles in 2 yrs
Tag: doubles
Profit of PSU banks more than doubles to Rs 34,774 cr in April-June quarter
Public sector banks (PSBs) have once again posted stellar performance by registering more than double profit of Rs 34,774 crore for the first quarter ended June 2023. During the April-June period of the previous fiscal, all 12 state-owned banks had recorded a total profit of Rs 15,306 crore, according to quarterly numbers published… Continue reading Profit of PSU banks more than doubles to Rs 34,774 cr in April-June quarter
Blackstone Alum Doubles Down on Drone Startups After 600% IdeaForge Return
By Baiju Kalesh The largest single investor in IdeaForge Technology Ltd. is doubling down on India’s drone-making sector after an early bet on the Mumbai-listed company generated a return of almost 600%. Florintree Advisers Pvt. this month bought a 15% stake in BotLab Dynamics, an Indian drone maker that specializes in light… Continue reading Blackstone Alum Doubles Down on Drone Startups After 600% IdeaForge Return
JTL Industries’ Q1 profit more than doubles to Rs 25 cr on higher revenues
The company’s revenues from operations also rose by 37 per cent to Rs 504.80 crore, from Rs 368.03 crore in the year-ago quarter | Illustration: Ajay Mohanty Steel pipes maker JTL Industries Ltd’s consolidated net profit has more than doubled to Rs 25.37 crore during June quarter, on account of higher revenues. It… Continue reading JTL Industries’ Q1 profit more than doubles to Rs 25 cr on higher revenues