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Kerala Finance Minister K.N. Balagopal (file) | Photo Credit: S. MAHINSHA Centre-State financial relations, grievances regarding cuts in allocation and the need for a united front to secure a fair share in the 16th Finance Commission will take centre stage in Thiruvananthapuram on Thursday (September 12, 2024) at a one-day conclave to be attended by…
On August 14, the Supreme Court stayed the verdict of NCLAT, setting aside the insolvency proceedings, approving its ₹158.9 crore dues settlement with the Indian cricket board. | Photo Credit: Reuters The Supreme Court on Wednesday (September 11, 2024) said it will hear on September 17 the appeal of U.S.-based creditor Glas Trust Company LLC…
Read More “Byju’s insolvency proceedings case: Supreme Court to hear plea on September 17” »
Exchange Data said that FIIs bought equities worth ₹2,208.23 crore on Tuesday (September 10, 2024). File | Photo Credit: Reuters Equity benchmark indices declined in early trade on Wednesday (September 11, 2024) after two days of gains amid selling in Tata Motors and weak trends in Asian markets. The 30-share BSE Sensex fell 111.85 points…
Read More “Markets decline in early trade after two days of rally” »
Forex traders said the crude oil level of $69 per barrel will act as a support for the domestic unit as India, the world’s third-largest oil importer, stands to benefit from cheaper oil. | Photo Credit: The Hindu The rupee traded in a narrow range on Wednesday (September 11, 2024) and appreciated 2 paise to…
Read More “Rupee trades in narrow range against U.S. dollar in early hours” »
The high unemployment rate in the Bharatiya Janta Party-ruled Haryana reflected even in Union government surveys, has been a major weapon in the hands of the Opposition to attack the State government, and more so as the State goes to the polls in a few weeks from now. But the Periodic Labour Force Survey (PLFS)…
Read More “While unemployment ‘halves’ in Haryana, its youth seek jobs abroad” »
The Indian IT services industry is likely to register a second consecutive year of muted revenue growth, estimated at 4-6% in FY2025, but the operating profit margin is expected to be healthy, according to ICRA. The persisting challenges and tepid topline growth notwithstanding, ICRA has forecast the industry’s operating profit margin (OPM) at a healthy…
Read More “ICRA expects Indian IT services industry to deliver muted 4-6% revenue growth in FY25” »
SpiceJet had mentioned about the settlement pact with Carlyle Aviation, which had earlier also restructured certain debt with the airline. | Photo Credit: Reuters SpiceJet on Tuesday (September 10, 2024) said Carlyle Aviation will write off aircraft lease arrears worth $40.17 million as part of a settlement agreement that will also result in the entity…
Read More “SpiceJet says Carlyle Aviation to write off lease arrears worth $40.17 million” »
People walk past the Bombay Stock Exchange (BSE) building, in Mumbai. | Photo Credit: PTI Benchmark Sensex climbed nearly 362 points while Nifty ended above 25,000 level higher on Tuesday (September 10, 2024), marking their second straight day of gains following a rebound in the U.S. markets and fresh foreign fund inflows. The 30-share BSE…
Image for representational purposes only. | Photo Credit: REUTERS The rupee traded in a narrow range on Tuesday (September 10, 2024) and depreciated 2 paise to close at 83.97 (provisional) against the American currency, weighed down by the strengthening of the American currency in the overseas market. Forex traders said the U.S. dollar recovered amid…
Read More “Rupee falls 2 paise to close at 83.97 against U.S. dollar” »
Sundaram Home Finance Managing Director D. Lakshminarayanan opening the new branch in Indore in Madhya Pradesh. | Photo Credit: Special Arrangement Sundaram Home Finance Ltd (SHFL) is aiming for a 50% increase in its home loan disbursals for the current fiscal while opening the Indore branch in Madhya Pradesh. Last fiscal, the company disbursed ₹150…
Read More “Sundaram Home Finance eyes ₹225 crore disbursal in Madhya Pradesh” »