London: Bank of England raised interest rate by 50 basis points to 4 percent, the 10th increase since UK’s central bank started hiking in December 2021, bringing the key rate to its highest since 2008, Bloomberg reported.
Bengaluru: Ed-tech company BYJU’s laid off 1,000 more employees in a fresh round of layoffs, media reports said.
Mumbai/IBNS: Stock prices of listed companies Adani Group companies continued to slide on Thursday despite a statement by conglomerate’s chairman Gautam Adani to placate investors, reiterating that the group has an impeccable track record in servicing its debts.
Thiruvananthapuram/UNI: Adani Group has issued a clarification on misleading news on pledge of shares of Ambuja Cement Ltd and ACC Ltd.
Union Budget 2023 will encourage women to save more, courtesy of a brand new deposit scheme that the Finance Minister has worked out for them, complete with a fairly attractive rate of interest and add-ons like partial withdrawals, subject to conditions.
Thiruvananthapuram/UNI: The Board of Adani Enterprises Ltd. (AEL) has decided not to go-ahead with the fully subscribed Follow-on Public Offer (FPO).
New Delhi/IBNS: Finance Minister Nirmala Sitharaman allocated around Rs 1.15 crore to Ministry of Agriculture and Farmers Welfare in Budget 2023-24 against the last year's approximately Rs 1.10 lakh crore, a hike of around 4.6 percent.
New Delhi/IBNS: The electric vehicle industry welcomed the reduction in customs duty on lithium cells and subsidy extension on batteries announced in the Union Budget 2023-24 by Finance Minister Nirmala Sitharaman on Wednesday.
Mumbai/IBNS: The Budget of 2023 continues from the earlier budgets which successfully guided India during one of the toughest periods for mankind, with a continued focus on Aatmanirbhar Bharat and Amrit Kaal, said BSE MD & CEO Sundararaman Ramamurthy reacting to the Budget.
Jamshedpur/IBNS: Lauding the government’s increased focus on the development of capital infrastructure, Tata Steel CEO & MD T. V. Narendran called the Budget a “high-quality budget”.
New Delhi/IBNS: The Indian business sector Wednesday extolled Finance Minister Nirmala Sitharaman Union for maintaining a continued focus on growth in terms of capital formation and job creation while reducing the tax burden on the salaried class in Budget 2023.
New Delhi/IBNS: Finance Minister Nirmala Sitharaman on Wednesday (Feb 1, 2022) tabled the Union Budget for the Financial Year 2023-24 with a major focus on capital formation with the highest outlay ever outlay of Rs 2.40 lakh crore, about 9 times the outlay made in 2013-14. In a major relief to the middle class of the country, the Basic exemption limit has been raised to Rs 3 lakh from the existing Rs 2.5 under the new income tax regime in Budget 2023-24. Tax rebate under Section 87A has been hiked from Rs 5 lakh to Rs 7 lakh.
New Delhi/IBNS: The Hinduja Group has lauded the Union Budget presented by Finance Minister Nirmala Sitharaman on Wednesday (Feb 1, 2022) for the Financial Year 2023-24 with a major focus on capital formation with the highest outlay ever outlay of Rs 2.40 lakh crore, about 9 times the outlay made in 2013-14.
Mumbai/IBNS: Tata Sons Chairman N Chandrasekaran has praised the Union Budget for prioritizing growth “given the challenging macro backdrop of slowing global growth and tightened financial conditions.”
The first mutual fund based on women's leadership in the corporate sector has been lined up for the Indian market. The asset management outfit promoted by institutional money manager Motilal Oswal has worked out a fund to track MSCI India Women's Leadership Select 30 Total Returns Index.
Chennai: Car maker Hyundai Motor India Ltd on Wednesday announced that it has registered domestic sales of 50,106 units and export sales of 12,170 units with cumulative sales of 62,276 units for the month of January 2023.
New Delhi: While presenting the Union Budget 2023-24 in Parliament here on Wednesday, Union Minister for Finance and Corporate Affairs Nirmala Sitharaman proposed to continue the financial sector reforms and innovative use of technology which have led to financial inclusion at scale, better and faster service delivery, ease of access to credit and participation in financial markets.
New Delhi: India is moving forward firmly for the ‘panchamrit’ and net-zero carbon emission by 2070 to usher in green industrial and economic transition, Union Finance Minister Nirmala Sitharaman tells in her Budget speech on Wednesday.
New Delhi: States and cities will be encouraged to undertake urban planning reforms and actions to transform cities into ‘sustainable cities of tomorrow’, Union Finance Minister Nirmala Sitharaman said in her Union Budget speech presented on Wednesday.
New Delhi: Finance Minister Nirmala Sitharaman said in her Union Budget speech that a capital outlay of Rs. 2.40 lakh crore has been provided for the Railways.
New Delhi: While enunciating the government’s vision of providing a transparent and accountable administration which works for the betterment and welfare of the common citizen, the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, presented the Union Budget 2023-24 in Parliament on Wednesday.
New Delhi: To empower our youth and help the ‘Amrit Peedhi’ realize their dreams, we have formulated the National Education Policy, focused on skilling, adopted economic policies that facilitate job creation at scale, and have supported business opportunities, said Union Minister for Finance & Corporate Affairs Nirmala Sitharaman while presenting the Union budget 2023-2024 in Parliament here on Wednesday.
New Delhi: The Government's philosophy of Sabka Saath Sabka Vikas has facilitated inclusive development, said the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman while presenting the Union Budget 2023-24 in Parliament on Wednesday.
New Delhi: An Atmanirbhar Clean Plant Program will be launched with an outlay of Rs. 2,200 crore to boost availability of disease-free, quality planting material for high value horticultural crops, the Union Minister for Finance and Corporate Affairs Nirmala Sitharaman said while presenting the Union Budget 2022-23 in Parliament on Wednesday.
New Delhi: In line with this vision of India@100 and Amrit Kaal, Finance Minister Nirmala Sitharaman on Wednesday, in her Budget speech, announced the establishment of 157 new nursing colleges in co-location with the existing 157 medical colleges, established since 2014.
New Delhi: With the objective of benefitting the hard working middle class of the country, Union Minister for Finance and Corporate Affairs, Nirmala Sitaraman made five major announcements with respect to personal income tax while presenting the Union Budget 2023-24 in Parliament on Wednesday.
New Delhi: According to the Fiscal Policy statements the Nominal GGP is projected to grow at 15.4 % year-on-year (Y-o-Y) in FY2022-23 as against 19.5% in 2021-22.
New Delhi/IBNS: Ahead of the 2024 general elections in India and polls in key states this year itself, Union Finance Minister Nirmala Sitharaman on Wednesday presented the annual budget offering a big relief to the taxpayers while emphasizing on job creations and ramping up capital spending.
New Delhi/IBNS: India has a unique opportunity to lead the world with new models of digital access to healthcare, which can serve not only emerging markets but also developed markets given that countries across the globe face significant inadequacies around healthcare access and affordability, said Prashant Tandon, HealthTech Committee Chair & CEO & Co-Founder of TATA 1MG.
Bengaluru/IBNS: The government can bolster working capital for e-commerce suppliers by lowering GST on input services like logistics and facilitating refunds of accumulated input tax credit in the upcoming Budget, according to Vidit Aatrey, Founder & CEO – Meesho.
