Federal Bank Q1FY25 net profits grows 18% YoY to Rs 1009 cr
Mumbai: Federal Bank registered net profit of Rs 1009.53 crore for the quarter ended 30th June 2024, up 18.25 % YoY.
Finance
L&T Q1 FY25 net profit rises 12% to Rs 2,786 cr
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.
SBI Life Insurance Q1FY25: Net profit grows 36% YoY to Rs 519 cr; Value of New Business up by 12%
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.
Axis Bank Q1FY25 net profits grows 4% YoY to Rs 6,035 cr; NII grows 12%
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, Airbus sign contract to establish H125 Final Assembly Line in India
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.
Ola Electric IPO likely in August; company aims to raise $740 million
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.
Budget 2024-25: Indian Railways capex increased marginally to record Rs 2.652 trillion; focus on critical safety works
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.
Gold, silver prices plummet by Rs 4,000 after budget slashes custom duty
New Delhi: Finance Minister Nirmala Sitharaman announced a significant reduction in customs duties on gold and silver during her Budget presentation on Tuesday.
Budgets 2024-25: Key benefits Finance Minister Nirmala Sitharaman announced
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
Real estate stocks fall after Budget removes indexation benefit on LTCG
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.
Union Budget: Schemes for providing internship opportunities in top companies launched, what is the internship allowance?
The Indian Government will launch a comprehensive scheme for providing internship opportunities in top companies, Union Minister Nirmala Sitharaman announced on Tuesday.
Union Budget: Government will implement 3 schemes for 'Employment Linked Incentive'
The Government will implement 3 schemes for ‘Employment Linked Incentive’, as part of the Prime Minister’s package.
Union Budget: Land reform and actions to be incentivised for completion within next 3 years
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.
Industry leaders hail Modi 3.0 Budget 2024-25 for strong support to MSMEs, fiscal prudence, and growth initiatives
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 Budget announces venture capital fund of Rs. 1,000 crore to expand space economy by five times in next 10 years
Union Finance Minister Nirmala Sitharaman has announced several measures to step up adoption of technology towards digitalization of the economy.
Union Budget: Financial support for higher education loans up to Rs. 10 lakh to help youth who are not eligible for any benefit under govt schemes, policies
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.
Nirmala Sitharaman proposes abolishment of angel tax to bolster Indian start-up eco-system
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.
Union Budget: New pension scheme named Vaysalya proposed for minors
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.
Union Budget: Indian government allocates Rs. 11,11,111 crore for capital expenditure
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 Budget: Long-term capital gains on financial, non-financial assets will attract a tax rate of 12.5 per cent
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.
Sitharaman's Budget 2024 eyes jobs creation, sets aside big pie for Andhra-Bihar political priorities, pleases salaried class
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.
Union Budget: Standard reduction increased from Rs. 50,000 to Rs. 75,000
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.
Union Budget: India's real growth stands at 8.2 percent, fiscal deficit is estimated at 4.9 per cent of GDP
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 Budget announces Rs 1000 cr venture capital fund to expand space economy
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.
UnionBudget2024: FM proposes eight new measures to support MSMEs
With an eye on employment generation and to boost the manufacturing sector, Union Finance Minister Nirmala Sitharaman announced special measures for the MSME sector.
Union Budget announces paid internship for 1 crore youth in top 500 companies
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.
Budget 2024: Sitharaman announces help for Himachal Pradesh, Uttarakhand, Sikkim, Assam to tackle natural calamity effects
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Tuesday announced help for three hill states- Himachal Pradesh, Uttarakhand and Sikkim- and Assam to tackle the effects of natural calamity.
Budget 2024: Sitharaman announces financial aid for Andhra Pradesh, major support for Bihar
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Tuesday made major announcements for two states, Andhra Pradesh and Bihar, which are ruled by the Modi government's key allies, Telugu Desam Party and Janata Dal (United) respectively.
Indian economy needs to generate close to 7.85 million jobs annually until 2030 in the non-farm sector, shows Economic Survey
The Indian Economic Survey 2023-24 showed that the Indian economy needs to generate an average of nearly 7.85 million jobs annually until 2030 in the non-farm sector to cater to the rising workforce.
Make in India push or tax relief: Nirmala Sitharaman to present Union Budget today
Union Finance Minister Nirmala Sitharaman on Tuesday will present her first budget since her government came to power for the third straight term after winning the Lok Sabha polls in June.