Trending Business News

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Air India Launches VRS For Some Permanent Employees

A voluntary retirement scheme is rolled out for the first time in Air India’s history. The policy includes employees over 55 years old or who have two decades of service. After the influence of the Tata group, the company is looking forward to hiring fresh talent. 

HDFC Hikes Lending Rate By 5 BPS

HDFC limited on Wednesday has announced an increase in its benchmark lending rate by five basis points(bps). The move will make loans dearer for both the new and existing borrowers. It is the third hike affected by HDFC in the last month.

Maruti Suzuki Total Sales At 1,61,413 Units

The largest carmaker in the country, Maruti Suzuki India (MSI), said on Wednesday that its total wholesales in May stood at 1,61,413 units. According to the MSI statement, the company successfully sold over 46,555 units in May 2021.

ATF Price Down By 1.3%

The price of gas cylinders is down by Rs 135 due to the price cut in ATF by 1.3%. It is the first reduction after ten rounds of price hikes. Similarly, the prices of commercial LPG, which hotels and restaurants use, were reduced by Rs 135 per 19-kg cylinder.

GST Revenue At Nearly Rs 1.41 Lakhs Crore In May

The GST revenue for May stood at nearly Rs 1.41 lakh crore, nearly a 44 percent increase over the same month last year. Targeting the month-on-month increase in the last two months, the GST services came lower than the collection in April at Rs 1.68 lakh Crore.

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