Business and financial news
New Delhi: India and Oman on Wednesday signed a Memorandum of Understanding (MoU) on procurement of defence material and equipment which would provide a framework for a new area of defence collaboration.
Mumbai: The long-awaited inclusion of India in global indices such as the JP Morgan GBI-EM Index and Bloomberg (subject to approval by index participants) in the Bloomberg EM Local Currency Debt Index is a testament to the strength of the Indian economy, making it attractive to global fixed-income investors, according to Vishal Goenka, Co-founder, IndiaBonds.com.
Mumbai/UNI: The BSE Sensex on Thursday rallied 246 points to open at 71,998.78, ahead of the General Budget.
Union Finance Minister Nirmala Sitharaman will present the interim budget on Thursday, months ahead of the Lok Sabha polls.
New Delhi: India’s fiscal deficit for the first nine months of the Financial Year 2024 stood at Rs 9.82 lakh crore, which ist 55% of the annual fiscal deficit estimate, according to government data.
New Delhi: The provisional data released by the Ministry of Finance on January 31 indicates that the government's Goods and Services Tax (GST) collections surged to Rs 1.72 lakh crore in January.
New Delhi: Finance Minister Nirmala Sitharaman is set to present the interim Union Budget for 2024 on Thursday, February 1. Traditionally, a key component of Parliament's Budget session is the presentation of the Economic Survey on January 31.
Bengaluru: Taiwan-headquartered electronics firm Wistron (ICT Service Management Solutions) and the Karnataka government inked a memorandum of understanding (MoU) on Wednesday to set up a laptop manufacturing unit that may bolster job creation in the state, media reports said.
The Reserve Bank of India on Wednesday directed Paytm Payments Bank Ltd not to accept deposits or allow credit transactions, or top-ups, in customer accounts or prepaid instruments connected to those accounts after February 29.
Smartphone maker Realme is likely to set up its Research and Development Centre in Bengaluru.
The BSE Sensex on Wednesday rallied 612.21 pts to close high at 71,752.11 on the strength of Health Care, Realty and Auto stocks amid strong global cues.
Ahmedabad: Adani Total Gas reported a Profit After Tax (PAT) of Rs 172 crores for Q3FY24, indicating a substantial 16% increase.
New Delhi/UNI: A day before the Budget session of Parliament, Rajya Sabha Chairman Jagdeep Dhankhar revoked the suspension of 11 opposition MPs on Tuesday.
Mumbai/UNI: The BSE Sensex on Wednesday improved 87 points to 71,222.62 in the opening session as buying was seen in metal, power, real estate, and technology stocks.
Mumbai: Ahead of the unveiling of the Interim Budget 2024 by Finance Minister Nirmala Sitharaman on February 1, Shyam Steel Industries Ltd Director Lalit Beriwala made a string of suggestions to ease disruptions and propel the steel industry’s growth.
As the government prepares to unveil the Union Budget for the fiscal year 2024-25, the real estate sector takes center stage in expectations, hoping for impactful policy measures to boost its growth and enhance transparency. Major players in the industry are advocating for targeted interventions to rejuvenate the sector, address housing shortages, and strengthen the positive trajectory initiated by recent reforms.
New Delhi/Gurugram: Ahead of the Budget 2024-25, Jindal Stainless, India’s largest stainless steel manufacturer has sought continuation of zero customs duty on stainless steel scrap and steel scrap besides pure nickel.
New Delhi: The Small Industries Development Bank of India (SIDBI) and Natural Resources Defense Council (NRDC), in collaboration with the Self-Employed Women’s Association (SEWA) have launched a first-of-its-kind rural e-mobility demonstration pilot supporting women entrepreneurs.
London: Tata Consultancy Services (TCS) on Tuesday announced an expansion of its collaboration with Aviva, a top insurance, wealth, and retirement provider in the UK.
New Delhi: The International Monetary Fund (IMF) has increased its GDP growth prediction for India in the 2024-25 fiscal year by 20 basis points to 6.5 percent.
The BSE Sensex on Tuesday dropped 801.67 points to settle at 71,139.90 on weak global cues.
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The BSE Sensex on Monday spurted 1240.90 pts to close high at 71,941.57 following gains in Energy, Utilities and Power stocks amid strong global cues.
Mumbai/UNI: The rupee on Monday slipped four paise to 83.15 in the opening session on rising demand for US Dollar by bankers and importers, dealers at the Foreign Exchange said.
The BSE Sensex on Monday surged 534.15 points to 71,234.82 in early trade as buying was seen across the board.
Kolkata/New Delhi: The Supreme Court on Saturday halted all proceedings before a single judge and a division bench of the Calcutta High Court due to an unusual conflict, media reports said.
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Mumbai: SBI Cards experienced a substantial 30% YoY increase in total revenue, reaching Rs 4,742 crore in Q3 FY24, up from Rs 3,656 crore in Q3 FY23.
New Delhi: Public sector Punjab National Bank (PNB) on Thursday reported a 253.41% jump in net profit at Rs 2,223 crore for the October-December quarter (Q3) of the current financial year 2023-24.
London: The antitrust watchdog in Britain has started an investigation into the $19 billion merger between Vodafone's UK operation and CK Hutchison's Three UK, examining whether the deal could negatively impact competition, media reports said.
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