The West Bengal government is likely to place the state budget for the 2023-24 fiscal in the assembly on February 15, a minister said on Sunday. The budget session of the assembly will begin on February 8. Minister of State (Independent Charge) for finance Chandrima Bhattacharya said, "Possibly, the state budget will be placed on [...]
Tata Power on Monday said it has partnered with Contour, a leading digital trade finance network based out of Singapore, to make its financial management process more robust, transparent and efficient. Contour's network uses decentralised technology (blockchain) to bring together companies, banks and ecosystem partners, onto a trusted network, to help create a streamlined digital [...]
British Prime Minister Rishi Sunak on Sunday fired one of his Cabinet ministers and Conservative Party chairman, Nadhim Zahawi, after he was found to have been in "serious breach" of the Ministerial Code on how he handled his personal tax affairs. Zahawi, who was a minister without portfolio as the chief of the governing Tory [...]
US short seller Hindenburg Research has rejected Adani Group's charge that its report was an attack on India, saying a "fraud" cannot be obfuscated by nationalism or a bloated response that ignored response to key allegations. Commenting on the 413-page response Adani Group released late on Sunday evening in response to its report, Hindenburg said [...]
More than half of households in a survey conducted online across 309 districts expect a decline in their income by up to 25 per cent and dip in savings, and are looking for relief in the coming budget, online platform LocalCircles said on Sunday. The survey, conducted between November 25 and January 25, found that [...]
Richest Indian Gautam Adani's group on Sunday likened the damning allegations made by short seller Hindenburg Research to a "calculated attack" on India, its institutions and growth story, saying the allegations are "nothing but a lie". In a 413-page response, Adani Group said the report was driven by "an ulterior motive" to "create a false [...]
For equity investors, the Union Budget for 2023-24 and the US Fed's interest rate decision will be the major events to watch out for this week, analysts said. The ongoing earnings season, global market cues, domestic macroeconomic data announcements and auto sales numbers would also influence trading in the market, they added. "The Union Budget [...]
Billionaire Gautam Adani's group on Saturday ruled out any changes in price or the dates of the Rs 20,000 crore follow-on share sale at the conglomerate's flagship firm despite its stocks being hammered below the offer price after a scathing report by a US short seller. "Adani Enterprises Limited's further public offer (FPO) is going [...]
Reliance Power on Saturday said its consolidated net loss widened to Rs 291.54 crore in the December 2022 quarter. The company's consolidated net loss was Rs 97.22 crore in the quarter ended December 2021, a BSE filing showed. The total expenses rose to Rs 2,126.33 crore in the quarter from Rs 1,900.05 crore in the [...]
Private sector DCB Bank on Saturday reported a 52 per cent jump in its profit to Rs 114 crore for the December 2022 quarter, mainly due to a decline in bad loans. The bank's net profit stood at Rs 75 crore in the same quarter of the preceding financial year. The total income increased to [...]
