Turnover Financial News

exchange-traded funds (ETFs) changing hands on the National Stock Exchange (NSE) surpassed ₹1 trillion in the first nine months of 2023-24, and for the second year in a row, reported Business Standard. The traded value has touched ₹1.19 trillion so far in fiscal 24, which is already double the pre-pandemic volumes, as per the Nifty Passive Insights report. The data for December has been released with a lag.

Turnover meaninghow rapidly a business receives cash from its accounts receivable or selling its inventory. Analysts and investors use turnover ratios to ascertain if a company is known for a good investment. Some basic types of turnover consist of: As discussed above, turnover is a synonym for revenue, it is of utmost importance for survival and growth for any company or organisation to continue its operations.

Guwahati: Daikin Airconditioning India Pvt. Ltd. (DAIPL), the fully owned subsidiary of Daikin Industries Ltd., Japan is targeting a turnover of Rs 100 Crore from Northeast India in next fiscal year.

The measure is aimed at framing norms for the purpose of imposition of penalties on enterprises and persons based on turnover or income of such enterprises and persons. «Turnover or income, as the case may be, includes the total value of sales or revenue or receipts, by whatever name called, and other operating income, as per the audited financial statements maintained by such enterprise.

₹63,000 per 10 grams observed ten days ago, and this has encouraged increased purchases, especially in lightweight offerings, it added. Also Read | Gold vs silver: Which is better for Diwali 2023 Muhurat trading — explained Gold prices have witnessed a decline of ₹800-1,500 per 10 grams (24 carats) from the peak level on October 28, reaching ₹61,200 per 10 grams in the national capital on Friday.

₹3,200 per share in the unlisted market, up from ₹2,750 a share a year back, according to analysts and investment bankers, owing to low supply and high demand. PE funds that invested in the stock even four years back at a price of ₹1,100 a share have already made 3x returns on their investments, investment bankers said. Even investors, mostly HNIs and neo rich who bought at ₹2,200 a share two years back have managed to get their capital back with the high dividend the company paid.

Amit Shah on Friday directed National Cooperative Consumers' Federation (NCCF) to change its business approach to achieve a turnover of ₹50,000 crore by 2027-28. Shah, addressing the Board of Directors of NCCF here, said the NCCF should prepare a roadmap for the next 10 years to become a self-reliant cooperative institution. «He said the Ministry of Cooperation will provide its full support to NCCF in implementing such a roadmap,» an official statement said.

MSMEs and large firms, digital technology is a leveller for small enterprises, according to a pan-India survey done by the Indian Council for Research on International Economic Relations (ICRIER). The survey’s findings — which were released on October 9 in the report Annual Survey of Micro, Small, and Medium Enterprises (MSMEs) in India: Leveraging e-Commerce for the Growth of MSMEs — showed low awareness among MSMEs with regard to the benefits of integrating their operations with e-commerce platforms. Policymakers have to roll-out a multi-pronged strategy to change the status quo, it said. Mentioning some of the key benefits of leveraging e-commerce platforms for MSMEs, Radikha Kapoor, Professor at ICRIER, said, “E-commerce platforms have been found to enable them (MSMEs) to access wider markets, boosting their sales and revenue.

Kerala is pursuing an ambitious goal of helping 1000 small and medium enterprises (SMEs) scale up to an annual turnover of Rs 100 crore in three years with technology adoption. “This is part of Kerala’s Mission 1000 programme. The government will handhold these SMEs and help them modernise and adopt best global practices,” Kerala’s Industries, Law & Coir Minister P Rajeeve told ET.

A hollowing out of staff at Alister Coleman’s Folklore Ventures has tongues wagging in Australia’s tight-knit venture capital scene.

Gift Nifty index registered its highest ever single-day turnover of $12.98 billion on August 29 with 336,535 contracts traded. The turnover on August 29 was equivalent to ₹1,07,267 crore, the index manager said.

Hyderabad (Telangana) [India], August 21: City-based multi-brand mobiles retail chain Big-C Mobiles has targeted a turnover of Rs. 1,500 crore in the current financial year. The company achieved Rs.

₹5 crore, to produce an electronic invoice. Earlier, companies with an annual revenue of ₹10 crore or above were required to generate e-invoice.

Last year, two former heads of Wells Fargo Advisors left the firm. The exodus of senior wealth management executives with decades of experience at Wells Fargo and its numerous predecessor firms continues, with John Peluso, the head of its brokerage clearing operations, First Clearing, retiring at the end of September.

₹67.6 crore for the first quarter that ended 30 June, 2023. The firm reported a net profit of ₹66.5 crore, in the corresponding quarter last year, it said in a stock regulatory filing.

Gift Nifty derivatives on NSE International Exchange (NSE IX) on Monday witnessed a record first session single day trading activity of over 2.14 lakh contracts with a turnover of $8.5 billion. This is a significant growth compared to the first-day full-scale operations volume of 33,570 contracts with a turnover of $1.21 billion, the exchange said in a statement.

NSE IX-SGX GIFT Connect (The Connect) from SGX to NSE IX on 3 July. The total cumulative volume of traded contracts from the first day of operations has reached a whopping 7,86,636 with a total cumulative turnover of $30.28 billion.

Maruti Suzuki, India's largest car manufacturing f... moreMaruti Suzuki, India's largest car manufacturing firm, aims to double its turnover to ₹1.68 lakh crore by 2030-31, contributing to Suzuki Motor Corporation's goal of achieving a global turnover of ₹4.32 lakh crore.

Maruti Suzuki is targeting doubling its turnover in the decade through 2031 and, to achieve this, will invest heavily in new technologies, bring on road more products including half a dozen electric vehicles and increase the production capacity, managing director Hisashi Takeuchi said. The country’s largest carmaker will be taking some “mega steps” over the next few years to strengthen its leadership in the Indian market, Takeuchi said. “Looking at the immense potential of the Indian automobile market, our parent company, Suzuki Motor Corp (SMC), has outlined a robust growth plan.

₹1.68 lakh crore by 2030-31 from FY22 level, said the firm's company Managing Director and CEO Hisashi Takeuchi said on 5 July. The firm is expecting India to 'play a very big role' in Suzuki Motor Corporation's goal to achieve a global turnover of ₹4.32 lakh crore in FY30-31, which would be exactly double the turnover of ₹2.16 lakh crore achieved in FY21-22, said Takeuchi. When asked if Maruti Suzuki India was also looking to double its turnover like its parent Suzuki, Takeuchi said, "Yes, of course".

₹2 crore. In a tweet, CBIC also announced that the requirement of filing reconciliation statement in Form GSTr-9C by taxpayers with annual turnover up to ₹5 crore has also been waived.