The BJP-ruled Gujarat government on Friday presented a Rs 3.01 lakh crore budget which imposed no new taxes. Finance Minister Kanubhai Desai presented the budget for 2023-24 in the Assembly here on the second day of the Budget Session. This was the first budget of the new Bharatiya Janata Party (BJP) government headed by Chief [...]
No-frills airline SpiceJet on Friday reported a higher net profit of Rs 107 crore in the three months ended December 2022, helped by better performance in passenger and cargo businesses. The carrier had a net profit of Rs 23.28 crore in the year-ago period. "Despite a big jump in passenger traffic, business continued to be [...]
The shares of Mahindra CIE Automotive gained as much as 11 percent till the afternoon on Friday to reach an All-Time high of Rs 433.65. The scrip remained in focus after posting its results. The company follows the calendar year (January to December) as its financial year. In the October to December quarter, their revenue [...]
Over 7,000 trucks laden with goods, including perishable items like fruits, vegetables, juices, poultry, and eggs, have been stranded at the Pakistan-Afghanistan Torkham border for the last five days due to the closure of the crossing point by the Pakistan government, a trade body said on Friday. Director Pak-Afghan Joint Chamber of Commerce and Industry [...]
Prime Minister Narendra Modi on Friday flagged the threat of unsustainable debt facing some developing nations as he called upon the Group of 20 (G20) nations to focus on the world's most vulnerable citizens. Trust in international financial institutions has eroded partly because they have been slow to reform themselves, he said in a video [...]
Knowledge Marine & Engineering Works remained in focus on Friday after the company got an extension of one of its existing contracts. The stock was trading at Rs 1,000 levels till the afternoon. Syama Prasad Mookerjee Port, Kolkata, has extended the existing contract of Indian Ports Dredging Private Limited, a subsidiary company of Knowledge Marine [...]
The shares of Jindal Stainless (Hisar) Limited (JSHL) hit a record high of ₹ 504.55 apiece as they gained 3.08% on Friday’s early trades. This happened after the company fixed Friday, March 09, 2023, as the record date for the merger of JSHL with Jindal Stainless Limited. The stock surpassed its previous high of ₹ [...]
Olectra Greentech Limited, a subsidiary of Megha Engineering and Infrastructures Ltd, saw its shares open 6 percent higher at Rs 428 levels on Friday as against its previous close of Rs 402. It further gained 11 percent till 11:30 am and was trading at Rs 472 levels. The company, in association with technology partner Reliance, [...]
NSE Indices Ltd, an NSE arm, on Friday said it has launched the country's first ever municipal bond index. The new Nifty India Municipal Bond Index will track the performance of municipal bonds issued by Indian municipal corporations across maturities and having investment grade credit rating, NSE Indices said in a statement. The index was [...]
Prime Minister Narendra Modi on Friday said the Union Budget 2023-24, like in the previous 8-9 years, focuses on the agriculture sector, and steps are being taken to reduce India's import dependence on oilseeds and edible oils. Addressing a post-budget webinar with stakeholders of agriculture and cooperative sectors, the Prime Minister said India's agriculture budget [...]
