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Analysts raise FY24 GDP growth forecast
Upward revisions come after NSO data showed economic growth at 7.2% in FY23 as against earlier estimate of 7%
Commercial LPG cylinder price reduced by Rs 83.5
Oil companies revise the price for both commercial and domestic LPG gas cylinders on the first day of each month.
Clients’ fund misuse: Sebi cancels Karvy Stock Broking registration
The Securities and Exchange Board of India (Sebi), on Wednesday, cancelled Karvy Stock Broking’s certificate of registration for mis-utilising clients’ funds and securities.
Govt to sell 3% stake in Coal India via offer-for-sale
The company kept the floor price for the OFS at Rs 225 per share, and this is a 6.72% discount in comparison with Wednesday’s closing price of Rs 241.2 for Coal India shares.
GDP data beats forecasts, grows at 7.2% in FY23
Expands 6.1% in Q4; analysts say too early to celebrate as consumption yet to pick up.
CBI books Rolls Royce for alleged corruption in Hawk 115 Advanced Jet Trainer aircraft deal
In 2012, media reports alleging corruption in the Rolls Royce operations surfaced, resulting in an investigation by the Serious Fraud Office, London.
Going green: ONGC to invest Rs 1 lakh crore in energy transition, targets net-zero by 2038
Net-zero for a company means achieving a balance between the quantum of greenhouse gases it places into atmosphere and the amount it takes out.
Why learning to invest matters
You may not become an expert. You may not understand when is the right time to buy or sell your investment.
If you learn to swim and drive, you will never forget. When you swim or drive, your body responds to do the right…
Market remains bullish; Nifty may try breaching 18,600 level
With no significant domestic events likely this week, the equity markets may take cue from global events – especially from the development in the US, where the debt ceiling crisis is still unfolding.
Old & new tax regime: Resolving tax saving puzzle for FY24
In case taxpayers do not inform their employers about the tax regime they have chosen, TDS will be decided as per the new tax regime
Power Sector Maharatna PFC registers highest ever annual PAT at Rs. 21,179 Cr.
New Delhi: Power Sector PSU Power Finance has declared highest ever Profit after Tax with 13% increase in the FY'23 over FY'22. Consolidated net worth of the company rose by 16% to reach Rs. 1,11,981 Crores in the year, over Rs. 96,275 in…
Traders body seeks common SOP for banks from RBI for depositing, exchanging Rs 2000 notes
BC Bhartia claimed withdrawal and banning certain denominations in this manner in a short span hits the credibility of the country internationally.
Ola Electric likely to hit capital market in early 2024
The initial offering is expected to be a mix of fresh issue of shares as well as offer-of-sale by existing investors.
Sensex surges 150 points, Nifty jumps above 18K in early trade
The 30-share BSE Sensex climbed 178.34 points to 62,050.96 in early trade. The NSE Nifty gained 51.1 points to 18,372.25.
Leave encashment up to Rs 25 lakh tax free
Taxation on leave encashment, compensation against unutilised paid leaves, depends on the time when it is received. Usually, if it is availed while on job, the mount received is taxable.
LIC posts five-fold Net Profit at Rs 13,428 crore
MUMBAI: Life Insurance Corporation of India (LIC), country’s largest insurer, on Wednesday announced a 466% rise in its standalone net profit to Rs 13,428 crore for the quarter ending March 2023 compared to Rs 2,372 crore a year ago.…
US lawmakers head home as catastrophic debt default looms
An estimated 27 million Americans would fall below the poverty threshold without Social Security.
Delhi HC dismisses Vodafone Idea’s plea against Rs 2,000 crore penalty
As per the reports, a division bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad reserved its order on the matter for April 24 after hearing the parties.
Certificates of Deposits yields ease as liquidity set to rise on Rs 2000 note withdrawal
The yields on CDs have declined by around 15-20 basis points as banks have already started exchanging and depositing Rs 2000 notes.
‘Inflation could be lower than 4.7 per cent in May; FY23 GDP growth seen above 7 per cent’
Consumer inflation in April plunged to an18-month low from 5.66% in the previous month on account of decline in food prices.