Haryana's annual budget for 2023-24 will focus on promoting exports from the state, millet products and creating employment opportunities for the youth, chief minister Manohar Lal Khattar said on Monday. "By promoting exports, foreign exchange will come into the country and the economy of the state will be strengthened," he said while addressing the pre-budget [...]
The International Monetary Fund (IMF) on Tuesday said it is expecting some slowdown in the Indian economy next fiscal year and projected the growth to 6.1 percent from 6.8 percent during the current fiscal ending March 31. The IMF on Tuesday released the January update of its World Economic Outlook, according to which the global [...]
Inflation in India is expected to come down from 6.8 percent in the current fiscal year ending March 31 to 5 percent the next fiscal, and then drop further to 4 percent in 2024, the International Monetary Fund (IMF) said on Tuesday. “Inflation in India as in other countries is expected to come down from [...]
Equity benchmarks declined in initial trade on Tuesday amid an overall weak trend in the global markets as investors adopted a cautious approach ahead of the Union Budget presentation and interest-rate decision from the Federal Reserve. Also, continuous foreign funds outflow played spoilsport for the markets. The 30-share BSE benchmark Sensex declined 203.74 points to [...]
With Finance Minister Nirmala Sitharaman getting ready to present the last full budget of the Modi 2.0 government, expectations are high that she will meet the demands of all stakeholders, including the common man who is reeling under the price rise. The finance minister has held several rounds of discussions with various stakeholders, and final [...]
Capital markets regulator Sebi on Monday cancelled the registration of three entities -- Kaynet Capital, Kaynet Commodities and Kaynet Finance -- as stock brokers for not meeting the conditions required under intermediaries rules. In addition, the Securities and Exchange Board of India (Sebi) has cancelled the registration of Kaynet Capital as depository participant. Irrespective of [...]
Mold-Tek Technologies Limited on Monday said its profit after tax for the quarter ended December 31 was up by 453 per cent to Rs 9.21 crore against Rs 1.7 crore during Q3FY22. The city-based firm in a press release said revenues during the quarter were up by 71 per cent to Rs 40.73 crore. Both [...]
IT company Tech Mahindra on Monday posted a 5 per cent decline in the consolidated profit after tax at Rs 1,297 crore in the December quarter. The company had registered profit after tax of Rs 1,378.2 crore in the year-ago period. "We are witnessing moderation in growth given the tough macro economic environment. "We will [...]
Nippon Life India Asset Management Ltd (NAM India) on Monday reported an 18 per cent increase in the profit after tax (PAT) to Rs 205 crore for three months ended December 2022. In comparison, the company had a PAT of Rs 174 crore in the year-ago period, NAM India said in a statement. Also, the [...]
Orient Green Power Company Ltd (OGPL) on Monday posted a 55 per cent rise in its consolidated net profit at Rs 9.74 crore in the quarter ended December 2022. The company's consolidated net profit stood at Rs 6.28 crore in the year-ago period, according to a regulatory filing. However, total income was at Rs 57.33 [...]
