Market Updates - Angel One

Surge in GST Collection The Goods and Services Tax (GST) collection hit rupees one lakh crore in August, up by around 30 percent year-on-year,  indicating a strong resurgence in commercial activity following the second wave of the pandemic outbreak. Even when compared to August revenues of 98,202 crore in 2019-20 [a non-pandemic year], this is …

Indian companies have altogether raised more than US$3.43 billion via ECB (external commercial borrowings) in July 2021. According to data from the RBI, Indian companies had borrowed US$2.15 billion in July 2020, so there’s a 60% increase in ECB from last year. A total of US$3.03 billion from borrowings in July 2021 was derived from …