New Delhi, Jan 31 (PTI) Adani Total Gas Ltd (ATGL), the joint venture between Adani Group and TotalEnergies of France, on Monday said it will invest Rs 20,000 crore in setting up city gas infrastructure across the country over the next 8 years, with 60 per cent of the money going into the 14 licences [...]
Mumbai, Jan 31 (PTI) Leading basmati rice firm LT Foods on Monday posted a 11.10 per cent rise in consolidated net profit to Rs 76.92 crore for the December 2021 quarter. The company's net profit for the corresponding quarter of FY21 stood at Rs 69.23 crore, it said in a regulatory filing. Revenue from operations [...]
Finance Minister Nirmala Sitharaman will on February 1 present her fourth straight Union Budget when she presents financial statements and tax proposals for the fiscal year 2022-23 (April 2022 to March 2023). Here are some budget trivia: INDIA'S FIRST BUDGET The Budget was first introduced in India on April 7, 1860, when Scottish economist and [...]
All India Power Engineers Federation (AIPEF) has said power sector workers will hold a nationwide protest against privatisation policies on Tuesday. "On the call of National Coordination Committee of Electricity Employees & Engineers (NCCOEEE) Power Employees & Engineers across the country will hold protest demonstrations against privatisation policies of Central Government," an AIPEF statement said. [...]
Mangaluru, Jan 30 (PTI) The Mangalore Refinery and Petrochemicals Limited (MRPL) posted a net profit of Rs 969 crore during the third quarter of 2021-22 against a loss of Rs 76 crore in the corresponding period in 2020-21. The gross revenue from operations stood at Rs 25,238 crore during Q3 of 2021-22 against Rs 14,136 [...]
New Delhi, Jan 30 (PTI) Exports of marine products jumped 35 per cent to USD 6.1 billion during April-December 2021 as compared with USD 4.5 billion in the same period of the previous year, the commerce ministry said on Sunday. In December 2021, the exports grew 28 per cent to USD 720.51 million. It said [...]
As Finance Minister Nirmala Sitharaman presents her fourth Union Budget on February 1 all eyes would be on how the government balances out populist measures while walking the tightrope of fiscal consolidation. While Indian corporates are expecting some key announcements which will enable them to reset their growth agenda, individual taxpayers are expecting some more [...]
The government should look at according priority status to the healthcare segment while increasing the public expenditure on the sector to at least 3 per cent of the GDP in the upcoming Union Budget. As per the leading healthcare providers in the country in the private sector, the government should also consider continuation of tax [...]
The government may provide for targeted fiscal incentives and allocation of funds for promotion of green hydrogen in the country in Union Budget 2022-23, which is slated to be unveiled in Parliament on Tuesday. The government launched National Hydrogen Mission in 2021. Earlier this month, Power and New & Renewable Energy Minister R K Singh [...]
New Delhi, Jan 29 (PTI) Cigarette maker Godfrey Phillips India Ltd on Saturday reported a 5 per cent decline in its consolidated net profit to Rs 116.87 crore for the third quarter ended in December 2021. The company had posted a net profit of Rs 123.10 crore during the October-December quarter of the previous fiscal, [...]
