Tata Motors Q3FY24 net profit grows to Rs 7,100 cr
Mumbai: Tata Motors Limited (TML) reported a profit before tax improved by Rs 4,400 crore, reaching Rs 7,600 crore, and the net profit for the quarter was Rs 7,100 crore.
Finance
Govt open to divesting stake in SBI, ONGC: Nirmala Sitharaman
New Delhi: Finance Minister Nirmala Sitharaman on Friday stated that the government is open to the concept of disinvesting equity stakes in prominent Public Sector Undertakings (PSUs), including the likes of State Bank of India (SBI) and Oil and Natural Gas Corp (ONGC).
IndiGo Q3FY24 net profit jumps to Rs 29,981 million
Gurgaon, February 2, 2024: InterGlobe Aviation Ltd, the parent company of India's largest airline IndiGo reported a net profit of Rs 29,981 million for the quarter that ended December 2023, compared to Rs 1,418 crore in the year-ago period.
Reasons for RBI's crackdown on Paytm Payments Bank: Report
Mumbai: The Reserve Bank of India (RBI) started a major crackdown on Paytm Payments Bank, citing complete neglect by the company for regulatory standards and compliance requirements, media reports said.
Sensex, Nifty ends in green as market closes
The BSE Sensex on Friday posted huge gains of 440.33 pts to close high at 72,085.63 on the strength of oil and gas, metal, and IT stocks.
'Growth, welfarism and fiscal restraint': NSE MD on Interim Budget
The Interim Budget FY25 presented by Finance Minister Nirmala Sitharaman focused on growth, welfarism and fiscal restraint, while ensuring continuity on policies and taxation.
Bandhan Bank appoints Santosh Nair as Head – Consumer Lending & Mortgages
Kolkata: Bandhan Bank appointed Santosh Nair as Head – Consumer Lending & Mortgages, a press release said.
Ambuja Cement Q3FY24 net profit soars 123% YoY to Rs 1090 cr
Mumbai: Ambuja Cement, owned by Gautam Adani, reported a 123 percent increase in consolidated net profit for the December quarter, reaching Rs 1,089.55 crore compared to Rs 487.88 crore the previous year. This surge was attributed to price hikes and strong demand for building materials.
DIPAM Secretary explains why Budget FY25 has no fixed disinvestment target
New Delhi: Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey on Thursday said the government has intentionally not set up a specific disinvestment target for the fiscal year 2024-25, media reports said.
Anand Mahindra praises Interim Budget, lauds Nirmala Sitharaman for high tax-GDP ratio
Mumbai: Mahindra Group Chairman Anand Mahindra took to social media to laud the Interim Budget presented by Finance Minister Nirmala Sitharaman on Thursday.
Over 95% of Rs 2,000 currency notes back in banking system: RBI
Mumbai: Over 95 percent of the Rs 2,000 currency notes in circulation as of May 19, 2023, are back in the banking system, the Reserve Bank of India (RBI) said on Thursday.
Adani Enterprises Q3FY24 net profit more than doubles to Rs 1888 cr
Mumbai: Adani Enterprises Ltd. reported a massive surge in net profit in the quarter ended December 2023 profit, more than doubling 2.3 times to Rs 1888.4 crore, driven by the success of its newer business ventures.
Interim Budget 2024-25: Govt raises Capex allocation to Rs 11.1 lakh cr
New Delhi: Finance Minister Nirmal Sitharaman announced an allocation of Rs 11.1 lakh crore as capital expenditure for the next fiscal year in the Interim Budget FY-25, emphasising the continuation of India’s focus on infrastructure development.
FM Nirmala Sitharaman presents Interim Budget 2024-25: Industry reacts
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said India's economy is undergoing a profound shift as she presented the final budget of the Narendra Modi government before the Lok Sabha polls scheduled for May. Emphasising the government's commitment, Sitharaman highlighted a focus on enhancing conditions for marginalised groups, including the poor, women, youth, and farmers, laying the groundwork for forthcoming welfare schemes in these sectors during her Budget 2024 address.
PM Modi calls Budget 2024 'innovative and inclusive'
New Delhi/UNI: Prime Minister Narendra Modi on Thursday termed the Union interim budget 2024–25 as "innovative and inclusive" and said it will empower all sections of society.
Sitharaman's Interim Budget 2024: No change in tax rates, focus stays on capex
New Delhi/UNI: Presenting the interim budget for 2024-25, Union Finance Minister Nirmala Sitharaman on Thursday kept the tax rates unchanged and continued to focus on public spending to boost growth.
Budget 2024: Next five years to see unprecedented development, says Nirmala Sitharaman
New Delhi/UNI: Union Finance Minister Nirmala Sitharaman on Thursday said the next five years will be years of unprecedented development to realise the goal of India becoming a developed country by 2047.
Sitharaman proposes housing scheme for 'deserving' section of middle class
New Delhi/UNI: Finance Minister Nirmala Sitharaman on Thursday proposed to launch a scheme for 'deserving' sections of the middle class to help them buy or build their own houses.
Projecting a Modi return, FM Sitharaman presents poll-bound 'no disruption' unchanged tax rate Interim Budget, estimates fiscal deficit at 5.1% of GDP
Exuding confidence that the Modi government will return to power in 2024, Union Finance Minister Nirmala Sitharaman presented an interim "national election year" budget of "no disruption" keeping tax slabs unchanged, focusing on inclusivity, continued economic reforms and listing the achievements of the NDA in the past ten years while refraining from any new populist announcement.
Sensex opens in green ahead of Interim Budget presentation
The BSE Sensex on Thursday rallied 246 points to open at 71,998.78, ahead of the general budget.
India, Oman ink MoU on procurement of defence material, equipment
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.
Inclusion of Indian bonds in JP Morgan and Bloomberg indices proof of strong Indian economy: Expert
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.
Sensex advances by over 200 points
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 to present interim budget today
Union Finance Minister Nirmala Sitharaman will present the interim budget on Thursday, months ahead of the Lok Sabha polls.
India’s fiscal deficit during Apr-Dec narrows to Rs 9.82 lakh cr
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.
January GST collection grows 4,4% to Rs 1.72 lakh cr
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.
Why Economic Survey was not released on January 31 this year
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.
Taiwanese electronics manufacturer Wistron to invest Rs 1,500 cr in laptop manufacturing unit in Karnataka
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.
Reserve Bank of India bars Paytm Payments Bank Ltd from performing certain actions after February 29, know details
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.
Realme may setup Research and Development Centre in Bengaluru
Smartphone maker Realme is likely to set up its Research and Development Centre in Bengaluru.