Business

Cess Explained: How Indian States Leverage It for Welfare Schemes

A cess is a specialized tax levied by the government to fund specific public welfare initiatives. Indian states increasingly use cess revenues to finance social schemes.

12 Aug 2026

Haryana Financial Corporation Posts Rs 0.40 Crore Loss in June 2026 Quarter

The state‑run Haryana Financial Corporation (HFC) reported a standalone net loss of ₹0.40 crore for the quarter ending June 2026, according to Business Standard.

12 Aug 2026

Michael Burry Dismisses Nvidia’s $500B AI Funding Plan as Wall Street Stunt

Investor Michael Burry has called Nvidia’s $500 billion AI financing strategy a 'Wall Street stunt', questioning the rationale behind the massive capital raise.

12 Aug 2026

SEBI Reports Narrowing Discrepancies in New Closing Auction Session

The Securities and Exchange Board of India (SEBI) has announced that the discrepancies observed in the newly introduced closing auction session have narrowed, indicating improved market efficiency.

12 Aug 2026

VELO Stock Jumps 16%

VELO stock surges 16% overnight as the company enters a new growth phase. The company is a key supplier to SpaceX.

12 Aug 2026

AP American Association Names New Regional Directors for 2028–2031

The Andhra Pradesh American Association and Business Community has announced the appointment of new regional directors for the 2028–2031 term.

12 Aug 2026

AP SIPB Approves ₹2.08 Lakh Crore in New Projects

The Andhra Pradesh State Industrial Project Bank has cleared new investment projects totaling ₹2.08 lakh crore, marking a significant boost to the state's development plans.

12 Aug 2026

Gujarat Energy Reports 69.8% Surge in Q2 2026 Net Profit

Gujarat Energy announced a 69.80% jump in consolidated net profit for the June 2026 quarter, reflecting strong financial performance.

12 Aug 2026

Gujarat Petrosynthese Profit Soars 45.76%

Gujarat Petrosynthese has reported a significant rise in standalone net profit. The company's profit increased by 45.76% in the June 2026 quarter.

12 Aug 2026

Gujarat Fluorochemicals Shares Rise

Gujarat Fluorochemicals shares have gained 2.75% in today's trading session. This increase reflects a positive trend in the company's stock performance.

12 Aug 2026

Gujarat Energy Profit Soars 69.80%

Gujarat Energy's consolidated net profit has seen a significant rise of 69.80% in the June 2026 quarter. This substantial increase indicates a positive trend for the company.

12 Aug 2026

Jaipur: FM on BRICS Nations

Finance Minister Nirmala Sitharaman emphasized the importance of a stable policy framework for attracting private capital in BRICS nations. She highlighted the need for investor trust and stability in these countries.

12 Aug 2026