Home Finance

Kalyan Jewellers India Q2 profit surges 27% YoY by increased store traffic


Kalyan Jewellers India has reported a 27.1% YoY increase in its Q2 profit, driven by domestic demand and increased store traffic.

Kalyan Jewellers India has reported a 27.1% YoY increase in its Q2 profit, driven by domestic demand and increased store traffic. The company’s consolidated net profit rose to ₹1.35 billion ($16.23 million) in Q2, with revenue from India operations growing 32%. Kalyan Jewellers India opened its first store in Thrissur, Kerala in 1993 and has since expanded to 122 locations globally.

This is a significant achievement for the company, which has been expanding its operations in India and abroad. The rise in net profit is a testament to the company’s commitment to providing high-quality jewelry to its customers. Kalyan Jewellers India has been able to maintain its position as one of the leading jewelry brands in India by offering a wide range of products at competitive prices.

The company’s success can be attributed to its focus on innovation and customer satisfaction. Kalyan Jewellers India has been able to leverage technology to improve its operations and provide a seamless shopping experience to its customers. The company has also been able to build a strong brand image by offering high-quality products and excellent customer service.

Kalyan Jewellers India’s Q2 results are a positive sign for the company and the jewelry industry as a whole. The company’s focus on innovation and customer satisfaction has helped it maintain its position as one of the leading jewelry brands in India.


Rs 1,38,394 crore Gross GST Revenue collected for January 2022 – Corelook Infotech


GST collection crossed Rs 1.30 lakh crore mark for the 4th time

Revenues for the month of January 2022 15% higher than GST revenues in the same month last year and 25% higher than the GST revenues in January 2020


The gross GST revenue collected in the month of January 2022 till 3PM on 31.01.2022 is Rs 1,38,394 crore of which CGST is Rs 24,674 crore, SGST is Rs 32,016 crore, IGST is Rs 72,030 crore (including Rs 35,181 crore collected on import of goods) and cess is Rs 9,674 crore (including Rs 517 crore collected on import of goods). The highest monthly GST collection has been Rs 1,39,708 crore in the month of April 2021. Total number of GSTR-3B returns filed upto 30th January 2022 is 1.05 crore that includes 36 lakh quarterly returns.

The government has settled Rs 29,726 crore to CGST and Rs 24,180 crore to SGST from IGST as regular settlement. In addition, Centre has also settled Rs. 35,000 crore of IGST on ad-hoc basis in the ratio of 50:50 between Centre and States/UTs in this month. The total revenue of Centre and the States in the month of January 2022 after regular and ad-hoc settlements is Rs 71,900 crore for CGST and Rs 73,696 crore for the SGST. Centre also released GST compensation Rs 18,000 crore in January’2022 to States/UTs.

The revenues for the month of January 2022 are 15% higher than the GST revenues in the same month last year and 25% higher than the GST revenues in January 2020. During the month, revenues from import of goods was 26% higher and the revenues from domestic transaction (including import of services) are 12% higher than the revenues from these sources during the same month last year.

This is for the fourth time GST collection has crossed Rs 1.30 lakh crore mark. 6.7 crore e-way bills were generated in the month of December 2021 which is 14% higher than 5.8 crore e-way bills generated in the month of November 2021. Coupled with economic recovery, anti-evasion activities, especially action against fake billers have been contributing to the enhanced GST. The improvement in revenue has also been due to various rate rationalization measures undertaken by the Council to correct inverted duty structure. It is expected that the positive trend in the revenues will continue in the coming months as well.

Monthly Review of Accounts of Union Government of India upto month of December 2021 for Financial Year 2021-22 – Corelook Infotech


The Monthly Account of the Union Government of India upto the month of December, 2021 has been consolidated and reports published. The highlights are given below:-

The Government of India has received Rs. 17,61,692 crore (89.1% of corresponding BE 2021-22 of Total Receipts) upto December, 2021 comprising Rs. 14,73,809 crore Tax Revenue (Net to Centre), Rs. 2,59,414 crore of Non-Tax Revenue and Rs. 28,469 crore of Non Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans Rs. 19,105 crore and Miscellaneous Capital Receipts of Rs. 9,364 crore. Rs. 4,50,310 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto December, 2021.

Total Expenditure incurred by Government of India is Rs. 25,21,058 crore (72.4% of corresponding BE 2021-22), out of which Rs. 21,29,414 crore is on Revenue Account and Rs. 3,91,644 crore is on Capital Account. Out of the Total Revenue Expenditure, Rs. 5,64,414 crore is on account of Interest Payments and Rs. 2,71,374 crore is on account of Major Subsidies.

Income Tax Department conducts searches in Andhra Pradesh and Telangana – Corelook Infotech


The Income Tax Department carried out search and seizure operation on 05.01.2022 on three real estate developers, engaged in the business of land development as well as construction activities in the town of Kurnool and other mofussil areas of Andhra Pradesh and Telangana. More than two dozen premises have been covered in the search operation spread over Kurnool, Ananthapur, Kadapa, Nandyal, Bellary, etc.

During the course of the search operations, several incriminating documents, such as handwritten books, agreements, etc. have been found and seized. Digital data has also been seized from a specialized software application as well as from other electronic gadgets. It has been found in the case of one of the assessee groups that it has been using a software which has been systematically modified to eliminate the unaccounted cash element of the consideration received and to record in the regular books of account the sale consideration that matches with registered sale price.

These groups have been found to be accepting cash over and above the registered value of the properties. Such unaccounted cash is used for payments of on-money towards the purchase of lands and incurring other expenditure.

So far, the search action has led to the seizure of unaccounted cash of Rs.1.64 crore.

The search has resulted in the detection of unaccounted cash transactions to the tune of Rs. 800 crore.

Further investigations are in progress.

5.89 crore Income Tax Returns filed on new e-filing portal of the Income Tax Department as on 31st December, 2021 – Corelook Infotech


Nearly 5.89 crore Income Tax Returns (ITRs) have been filed on the new e-filing portal of the Income Tax Department as on 31st December, 2021, the extended due date. More than 46.11 lakh ITRs were filed on 31.12.2021. In order to assist taxpayers with a smooth experience on the portal, 16,850 taxpayer calls and 1,467 chats were responded to by the helpdeskIn addition, the Department has been proactively engaging with and reaching out to taxpayers and professionals for assistance on its official Twitter handle. On 31st December, 2021 alone, more than 230 Tweets from taxpayers and professionals were responded to.

Out of 5.89 crore ITRs filed for AY 2021-22 as on 31st December, 49.6% of these are ITR1 (2.92 crore), 9.3% are ITR2 (54.8 lakh), 12.1% are ITR3 (71.05 lakh), 27.2% are ITR4 (1.60 crore), 1.3% are ITR5 (7.66 lakh), ITR6 (2.58 lakh) and ITR7 (0.67 lakh). Over 45.7% of these ITRs have been filed using the online ITR form on the portal and the balance have been uploaded using the ITR created from the offline software utilities.

In comparison, as on 10th January, 2021 (the extended due date for ITRs for AY 2020-21), the total number of ITRs filed was 5.95 crore with 31.05 lakh ITRs filed on the last day ie on 10th January, 2021 as against over 46.11 lakh ITRs filed on the last day this year.

The Department gratefully acknowledges the contribution of the taxpayers, Tax Practitioners, Tax Professionals and others who have made this possible. We reiterate our resolve to work tirelessly to ensure a smooth & stable taxpayer service experience to all.

Priyansh Tiwari triumphs at India Bizz Achiever’s Awards 2023 presented by Craftworld Events – Corelook Infotech


The India Bizz Achiever’s Awards are a testament to the proficiency and potential of exceptional individuals and corporate entities leading successful businesses. These awards are a tribute to the inventive, accomplished, and entrepreneurial spirit of the awardees. The event garnered enthusiastic participation from both the Bollywood and corporate sectors and was lauded by the media and the public for its magnificent presentation. Priyansh, a trailblazing figure in the cryptocurrency education realm, has earned the distinguished title of BEST CRYPTO EDUCATOR OF THE YEAR at the prestigious India Bizz Achiever’s Awards. This accolade, presented by none other than the renowned actress Ameesha Patel, signifies Priyansh’s exceptional contributions to the field of crypto education.

Through unwavering dedication and an innate ability to simplify complex crypto concepts, Priyansh has empowered countless individuals with the knowledge and skills to navigate the ever-evolving world of digital currencies. His educational efforts have bridged the knowledge gap, making cryptocurrencies accessible to a wider audience.

India Bizz Achiever’s Award’s recognition underscores Priyansh’s significant impact on the crypto community and highlights his role as a catalyst for spreading awareness and understanding. Priyansh’s achievement as the BEST CRYPTO EDUCATOR OF THE YEAR is a well-deserved acknowledgment of his commitment to education and his pivotal role in promoting the adoption of cryptocurrencies. His work continues to inspire and educate, paving the way for a more informed crypto landscape.

Shivam Kumar Gupta Crowned FINTECH ENTREPRENEUR OF THE YEAR 2023 at India Bizz Achiever’s Awards – Corelook Infotech


The India Bizz Achiever’s Awards serve as a platform for recognizing and showcasing the excellence and promise of individuals and corporate entities that are leading successful businesses. These awards celebrate the innovative, accomplished, and entrepreneurial spirit of the winners. The event drew active participation from the realms of Bollywood and the corporate sector and earned accolades from both the media and the public for its spectacular presentation.

In a dazzling evening at the India Bizz Achiever’s Awards, the spotlight shone brilliantly on Shivam Kumar Gupta, who was awarded the prestigious “Fintech Entrepreneur of the Year 2023”. This coveted title, presented by the celebrated Bollywood star Ameesha Patel, recognized Gupta’s outstanding contributions to the world of financial technology. Shivam Kumar Gupta, a visionary in the fintech sector, has harnessed innovation and technology to revolutionize financial services. His groundbreaking solutions have not only simplified financial transactions but also enhanced financial inclusion. Ameesha Patel, known for her admiration of entrepreneurs and innovation, was delighted to acknowledge Gupta’s exceptional achievements. She praised his commitment to making finance more accessible and efficient at the India Bizz Achiever’s Awards.

Gupta’s recognition as “Fintech Entrepreneur of the Year” is not just a personal victory; it underscores the growing importance of fintech in the business world. His remarkable journey inspires others to leverage technology for positive change, making the financial world more accessible and efficient.


Fueling the Dreams of India’s MSMEs: RupeeBoss MSME Loans – Corelook Infotech


The Key to Growth in India’s Small Business Sector

In India’s economy, there are micro, small and medium-sized businesses called MSMEs that are like hidden heroes. They help the country grow and provide jobs. These businesses are very important for our economy, making a big contribution to the money the country makes and coming up with new ideas. But getting money to run these businesses is still a big problem. That is where Rupee Boss, with its dedicated MSME loans, steps in to support the dreams and aspirations of these businesses.

Rupee Boss and MSMEs: A Perfect Match:

Rupee Boss, a well-known company in the Indian financial services market, has been at the forefront of providing personalized lending solutions to MSMEs. RupeeBoss arranges funds from India’s Top Pvt banks and NBFCs as they have partnered with 100+ Banks & NBFCs. Rupee Boss has reached unprecedented heights in the financial sector because of the dynamic leadership of CEO Mr. P.N. Shetty. His leadership stands out because of his creativity, his customer-centric approach, and his constant commitment to helping businesses. Rupee Boss is well-known for providing financial help, especially to small businesses, because of his smart strategies. Mr. Shetty and his team which includes Senior Vice President Mr. Sathish Shetty are excellent at adapting to the changing economy and offering special financial help, which has helped many businesses succeed. Rupee Boss has become a trusted choice for businesses that need money, thanks to Mr. Shetty’s foresight and determination. They offer loans designed for the specific financial needs of small and medium-sized businesses. Rupee Boss knows how important small businesses are and wants to be their financial partner in growing.

Rupee Boss’s MSME loans are known for their accessibility and simplicity. The application process is streamlined, ensuring that MSMEs can access funds quickly and conveniently. Time is of crucial essence to these businesses, and Rupee Boss recognizes it. The application process is straightforward and can be initiated online, reducing the burden of extensive paperwork. This speed and ease of access are the trademark of Rupee Boss through which businesses can seize opportunities, address cash flow issues, and invest in expansion.

Their MSME loans are known for their competitive interest rates. In an environment where every rupee counts, favourable interest rates can make a significant difference. These rates allow MSMEs to borrow the capital they need without overburdening themselves with high repayments.

With a customer-centric approach at its forefront, Rupee Boss understands the unique challenges faced by MSMEs and is committed to being a supportive partner on the financial journey. The customer support team is readily available to answer queries and provide guidance throughout the loan process.

Mr. P.N. Shetty, CEO says that ‘Rupee Boss’s MSME loans are not just financial services; they are an investment in India’s future. They serve as a lifeline for MSMEs, helping them achieve their goals, be innovative, and contribute to the country’s progress.’ Rupee Boss truly grasps the importance of MSMEs and their role in the nation’s economy and is committed to supporting their journey towards success with loans that are easy to access, tailored to their needs, and focused on customers.


Payment Aggregator Paysharp Private Limited gets ISO 27001 certification – Corelook Infotech


Paysharp is an RBI in-principal approved payment aggregator based out of Chennai. Paysharp is focusing on non-card-based payments like UPI payments.

Paysharp announces ISO / IEC 27001: 2022 certification, an international standard in information security management systems.

Introducing YourBooks: Revolutionizing GST Accounting for Businesses – Accessible Anywhere, Anytime! – Corelook Infotech


Streamlining Business Finances and Empowering Entrepreneurs with the YourBooks GST Accounting Platform

In the ever-evolving landscape of digital solutions for businesses, one platform stands out for its user-friendly approach and efficiency in handling GST accounting: YourBooks. With a vision to simplify financial management and empower entrepreneurs, YourBooks has emerged as the go-to web and mobile platform that keeps business numbers at the fingertips of its users.

Simplified GST Accounting for Modern Businesses

YourBooks has redefined the way businesses approach GST accounting. Recognizing the complexities and challenges faced by entrepreneurs, the platform has been designed to streamline the entire accounting process, making it accessible and easy to use for both seasoned professionals and those new to financial management.

Key Features and Benefits:

  1. User-Friendly Interface: YourBooks boasts an intuitive and user-friendly interface, making it simple for entrepreneurs to navigate through their financial data, generate reports, and manage their GST filings efficiently.
  2. Accessible Anywhere, Anytime: With YourBooks available on both web and mobile platforms, business owners can conveniently access their financial information on the go. The mobile app enables users to stay updated with real-time data, ensuring they make informed decisions at all times.
  3. Automated GST Calculations: YourBooks takes the stress out of GST calculations by automating the process. This ensures accurate results, reduces human errors, and saves valuable time that can be dedicated to other aspects of the business.
  4. Invoice Management: The platform’s comprehensive invoice management system allows users to create, send, and track invoices effortlessly. This feature ensures that businesses stay on top of their cash flow and remain financially organized.
  5. Seamless Integration: YourBooks integrates seamlessly with other accounting software and financial tools, providing users with a holistic view of their business finances and allowing them to sync data effortlessly.
  6. Real-time Reporting and Analytics: Armed with real-time reporting and analytics, YourBooks empowers users to make data-driven decisions. These insights help businesses identify trends, spot opportunities for growth, and optimize their financial strategies.

Founder’s Vision and Mission

Behind the success of YourBooks is a visionary founder who had a mission to simplify the lives of entrepreneurs and help them focus on what matters most – their business growth. The founder envisioned a platform that would bridge the gap between complicated accounting practices and entrepreneurs who may not have extensive financial backgrounds. By offering an accessible, user-friendly, and automated GST accounting solution, YourBooks fulfils this vision and empowers businesses across various industries.

Rave Reviews from Early Adopters

Since its launch, YourBooks has received overwhelmingly positive feedback from early adopters. Entrepreneurs and business owners have praised the platform for its simplicity, efficiency, and the peace of mind it brings to their financial management. Users particularly appreciate the convenience of accessing their financial data from their mobile devices, allowing them to stay in control of their businesses at all times.

The Future of YourBooks

With the early success and positive reception of YourBooks, the platform has plans to continually innovate and expand its offerings. The development team is actively working on incorporating advanced features to cater to the evolving needs of businesses and to stay ahead in the competitive market of GST accounting platforms.

About YourBooks:

YourBooks is a leading GST accounting platform that aims to simplify financial management for businesses of all sizes. With a user-friendly interface, automated calculations, and real-time reporting, YourBooks empowers entrepreneurs to focus on their business growth while staying on top of their financial numbers. Available on both web and mobile platforms, YourBooks provides seamless accessibility and convenience to its users, making it the ultimate choice for modern businesses.

For more information about YourBooks and to start your financial journey today, visit


Popular Posts

My Favorites

Nationals Conference to be held on India’s Defense Architecture in New...

Global Counter Terrorism Council, GCTC, is a leading international, non-partisan think tank that promotes quality research and in-depth studies on Security and Strategic Studies...