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File. | Photo Credit: ANI Equity benchmark indices climbed in early trade on February 6 amid buying in IT majors, mainly Tata Consultancy Services and Infosys along with fresh foreign fund inflows. After a firm beginning, the 30-share BSE Sensex climbed 243.4 points to 71,974.82 in early trade. The Nifty went up by 72.9 points…
Prime Minister Narendra Modi is scheduled to reply to Motion of Thanks to President’s address in Rajya Sabha tomorrow Source link
File. | Photo Credit: C. Venkatachalapathy The rupee stayed flat at 83.03 against the US dollar in early trade on February 6 amid volatile crude oil prices in the overseas market. The Indian currency, however, found support from positive sentiment in the domestic equity markets and sustained inflow of foreign funds, Forex traders said. They…
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T. V. Somanathan, Finance Secretary. File | Photo Credit: The Hindu Almost no country seems to adhere to fixed fiscal goals anymore, Finance Secretary T.V. Somanathan said in an interview to The Hindu, emphasising that the country’s high growth trajectory should enable a gradual decline in its debt to GDP ratio. He also noted that…
India’s Bharti Airtel reported third-quarter profit below estimates on Monday, as flat tariffs and higher costs outweighed growth in subscribers. The telecom operator reported a consolidated net profit of ₹24.42 billion ($294 million) for the quarter ended Dec. 31, compared to analysts’ estimate of ₹28.69 billion as per LSEG data. Airtel and rival Reliance Jio…
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Cholamandalam Financial Holdings Ltd., reported consolidated Q3 net profit rose 43% to ₹1,027 crore. Total income grew 43% to ₹6,842 crore, the core investment company of the Murugappa group said in a statement. Cholamandalam Investment & Finance Co. Ltd., disbursed ₹22,383 crore against ₹17,559 crore and net profit grew 28% to ₹876 crore. Assets under…
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The interface of Indian payments app Paytm is seen in front of its logo displayed in this illustration. File | Photo Credit: Reuters India’s financial crime-fighting agency is investigating if platforms run by One 97 Communications, also known as Paytm, were involved in violations of foreign exchange rules, two senior Government sources said. The sources…
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The story so far: In a move towards standardisation and preventing the circumvention of duty, the Finance Ministry on Tuesday hiked import duties on gold and silver findings and coins of precious metal to 15%. This is inclusive of Basic Customs Duty (BCD), taxed at 10% of assessable value, and Agriculture Infrastructure Development Cess (AIDC)…
Read More “The hike in import duties for gold, silver findings | Explained ” »
Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the Budget session of Parliament, in New Delhi, on February 5, 2024. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on February 5 proposed an interim Budget of ₹1.18 lakh crore for fiscal 2024-25 for the Union Territory of Jammu & Kashmir. The interim…
Read More “Jammu and Kashmir Interim Budget | Sitharaman proposes ₹1.18 lakh crore for 2024-25” »
Adani Power Limited’s bank loan facilities were rated ‘A’ with a stable outlook earlier. | Photo Credit: Photo Credit: X/@CRISILLimited Crisil Ratings has upgraded its ratings on Adani Power Limited’s (APL) ₹38,000 crore of bank loan facilities to ‘AA-‘, saying the business and financial risk profile of the company has seen “strong improvement”. The loan…
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