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IMF delegates participate in a news conference on the IMF release of the World Economic Outlook Update, at IMF headquarters in Washington, DC, on July 25, 2023. | Photo Credit: AFP The IMF on July 25 projected a growth rate of 6.1% for India in 2023, which is a 0.2 percentage point upward revision compared…
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The 15th Finance Commission has recommended that States be given 41% of the divisible tax pool of the Centre. File. | Photo Credit: Reuters The Centre has devolved over ₹3.09 lakh crore to States till July of the ₹10.21 lakh crore budgeted to be transferred in the current fiscal, Minister of State for Finance Pankaj…
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In Telangana, there is a stark difference in socio-economic indicators between the districts around Hyderabad, the capital, and those far away from it. This is the fourth story in a series of Data Points exploring the inter-district differences in the southern States. The district-wise variations in Tamil Nadu, Kerala, and Karnataka were discussed earlier. Given…
Electric commercial vehicle maker PMI Electro on July 25 said it has appointed Aanchal Jain as the Chief Executive Officer (CEO). Her appointment will help the company steer through new challenges faced by large electric vehicle OEMS in terms of fast-paced growth and capex-hungry financing requirements, PMI Electro said in a statement. “It gives us…
The senior DGCA official said that in view of the observations made in the past concerning inadequate maintenance and in view of the incidents during the monsoon season last year, SpiceJet was placed under enhanced surveillance. | Photo Credit: Reuters Aviation watchdog DGCA has taken off SpiceJet from its enhanced surveillance regime, a senior official…
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FILE PHOTO: A man walks past a screen displaying Tata Steel logo before the start of a news conference in Mumbai, India May 25, 2016. REUTERS/Danish Siddiqui TPX IMAGES OF THE DAY/File Photo | Photo Credit: DANISH SIDDIQUI Tata Steel on July 24 posted over 93% decline in consolidated net profit to ₹524.85 crore for…
Read More “Tata Steel Q1 net profit falls over 93% to ₹524.85 crore” »
Rane Group Chairman L. Ganesh | Photo Credit: Special Arrangement Rane Brake Lining Ltd. (RBL) reported standalone net profit for the June quarter contracted by 11% to ₹5.2 crore over the year earlier period. Total revenue from operations improved by 8% to ₹153 crore due to strong sales to two-wheeler segment. Sales to aftermarket customers…
Read More “Rane Brake Lining Q1 standalone net slids by 11% to ₹5.2 crore” »
In recent years, the credibility of some of NSO’s data, especially the results of various household surveys traditionally carried out by the National Sample Survey Office have come under a cloud, with even top government officials questioning their approach and outcomes. File | Photo Credit: Reuters The story so far: The Ministry of Statistics and Programme…
Read More “Explained | Can the new data panel improve India’s statistics?” »
A view of the ICICI bank head office in Mumbai. File | Photo Credit: Reuters Private lender ICICI Bank on July 22 reported a 40% rise in standalone net profit to ₹9,648 crore for the June 2023 quarter, helped by a decline in bad loans and an improvement in interest income. The Mumbai-based private sector…
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Budget carrier Go First, which stopped flying on May 3, is undergoing an insolvency resolution process. File. | Photo Credit: Reuters Aviation regulator DGCA on July 21 said it has approved Go First’s plan to restart operations with 15 aircraft and 114 daily flights, subject to certain conditions. Budget carrier Go First, which stopped flying…
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