Chennai: Hinduja Group company Ashok Leyland reported an 8.7 percent decline in standalone net profit at Rs 525.58 crore in the first quarter of FY25, compared to Rs 576.42 crore in the corresponding period of previous financial year.
Eastern India’s leading Infra and e-commerce start up founder, Laxman Jaiswal said in a statement that the Union Budget of India for the fiscal year 2024 has been widely anticipated for its potential impact on various sectors, including angel investors, start-ups, and real estate.
New Delhi: Global credit rating agencies have praised the FY25 Budget for maintaining a strong commitment to reducing fiscal deficit. Moody's Ratings highlighted that the Budget is viewed as a positive development for the country's credit outlook, media reported.
Mumbai: The Reserve Bank of India (RBI) has updated the regulatory framework for domestic money transfer services, tightening Know Your Customer (KYC) requirements for regulated entities.
Mumbai: Federal Bank registered net profit of Rs 1009.53 crore for the quarter ended 30th June 2024, up 18.25 % YoY.
Mumbai: L&T reported a 12% increase in profit after tax (PAT) to Rs 2,786 crore for the June quarter, up from Rs 2,493 crore in the same period last year.
Mumbai: SBI Life Insurance reported a net profit of Rs 519 crore for the June quarter, up 36% YoY compared to the same period last year.
Mumbai: Axis Bank reported a net profit of Rs 6,035 crore for the first quarter of FY25, an increase from Rs 3,452 crore in the same quarter of the previous year, surpassing market expectations.
Tata Advanced Systems Limited (TASL), a private sector player for aerospace and defence solutions, and Airbus Helicopters have formalised the contract to establish the H125 Final Assembly Line (FAL) in India.
Bengaluru: Ola Electric, led by Bhavish Aggarwal and backed by Japanese investment giant Softbank, is preparing to launch its highly anticipated initial public offering (IPO) as early as the first half of August, according to multiple industry sources cited by Moneycontrol.
New Delhi: The Indian Railways received a 2 percent increase in its capital expenditure (capex) allocation in the Union Budget of 2024-25, reaching a record Rs 2.652 trillion, up from Rs 2.6 trillion in the Revised Estimate (RE) for 2023-24.
New Delhi: Finance Minister Nirmala Sitharaman announced a significant reduction in customs duties on gold and silver during her Budget presentation on Tuesday.
New Delhi: Union Finance Minister Nirmala Sitharaman on Tuesday announced some key benefits in Budget 2024-25, in her seventh consecutive budget, and the first budget of Modi 3.0
Mumbai: Real estate stocks dropped following Finance Minister Nirmala Sitharaman's proposal to remove the indexation benefit for calculating long-term capital gains tax (LTCG) on real estate.
The Indian Government will launch a comprehensive scheme for providing internship opportunities in top companies, Union Minister Nirmala Sitharaman announced on Tuesday.
The Government will implement 3 schemes for ‘Employment Linked Incentive’, as part of the Prime Minister’s package.
While presenting the Union Budget 2024-25 in Parliament on Tuesday, the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman said land-related reforms and actions, both in rural and urban areas, will be incentivized for completion within the next 3 years through appropriate fiscal support.
New Delhi: Finance Minister Nirmala Sitharaman presented the 2024-25 Budget on Tuesday, her seventh consecutive budget presentation and setting a new record, surpassing former Prime Minister Morarji Desai. This budget is the first of Prime Minister Narendra Modi's third term. Sitharaman underscored the government's success in maintaining economic stability.
Union Finance Minister Nirmala Sitharaman has announced several measures to step up adoption of technology towards digitalization of the economy.
Union Minister for Finance & Corporate Affairs Nirmala Sitharaman announced a financial support for loans upto Rs. 10 lakh for higher education in domestic institutions for helping youth who have not been eligible for any benefit under government schemes and policies.
Union Finance Minister Nirmala Sitharaman proposed to abolish ‘angel tax’ for all classes of investors while presenting the Union Budget 2024-25 in Parliament on Tuesday.
A new pension scheme named ‘Vatsalya’ has been proposed for minors by Union Minister for Finance & Corporate Affairs Nirmala Sitharaman in the Union Budget 2024-25 tabled in Parliament on Tuesday.
Acknowledging the strong multiplier effect of building and improving infrastructure on the economy, the Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman while presenting the Budget 2024-25 in Parliament today announced the provisioning of ₹ 11,11,111 crore for capital expenditure.
Union Finance Minister Nirmala Sitharaman proposed that the long-term gains on all financial and non-financial assets will attract a tax rate of 12.5 per cent.
New Delhi/IBNS: While focusing on employment generation and rural development, the two components that supposedly cost the Narendra Modi government an absolute majority in its third consecutive government, the historic seventh Union Budget by Finance Minister Nirmala Sitharaman spent a considerable pie for Andhra Pradesh and Bihar, the two states ruled by major allies of the Bharatiya Janata Party (BJP)-led central government, which returned to power with coalition strings attached.
Several benefits to provide tax relief to salaried individuals and pensioners opting for the new tax regime were announced by the Union Finance and Corporate Affairs Minister Nirmala Sitharaman while presenting the Union Budget 2024-25 in the Parliament on Tuesday.
India’s Real growth stands at 8.2 percent and Nominal growth at 9.6 percent in FY 2023-24, Finance Minister Nirmala Sitharaman said on Tuesday while presenting the Union Budget.
Union Finance Minister Nirmala Sitharaman has announced several measures to step up adoption of technology towards digitalization of the economy with a big focus on the country's growing space economy.
With an eye on employment generation and to boost the manufacturing sector, Union Finance Minister Nirmala Sitharaman announced special measures for the MSME sector.
With an eye on skilling and employment generation, the Modi government will launch a comprehensive scheme for providing internship opportunities for youths in top companies. This will be the 5th scheme under the Prime Minister’s package.
