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Government to spend Rs 1.3L cr more in FY24
As per the Centre’s submissions to the lower House of parliament, a large part of the amount will be allocated to subsidies on fertilizers and food.
Sensex can soon reach 70,000 and Nifty 21,000 levels.
The undercurrent of the market is bullish and all factors are favourable, except, perhaps, valuation,” V K Vijayakumar, chief investment strategiest at Geojit Financial Services, told this newspaper.
Centre to mandate e-invoice for B2C transactions in 2-3 years
Currently, businesses with a turnover of Rs 5 crore and above are required to generate e-invoices for their Business-to-business (B2B) sales and purchases.
Digital India Act unlikely to be in place before next general election: MoS IT Rajeev Chandrasekhar
Chandrasekhar said, the existing IT Act doesn't even have the word internet and there is a consensus that it can be safely superseded and replaced.
Adani Group adds Rs 2 lakh crore in market capitalisation
This was the largest single-day gain in m-cap since the Hindenburg report of January and it pushed the Group’s combined m-cap close to Rs 14 lakh crore mark.
Akums Drugs and Pharma acquires new facility in Baddi
Akums has a network of manufacturing facilities which create pharmaceutical formulations of numerous dosage forms in various therapeutic segments and is also planning to launch its IPO shortly
‘India to be $5 tn economy in early Amrit Kaal’
The country’s gross domestic product (GDP) was $3.7 trillion in the 2022-23 fiscal year, showing a significant growth from $189 billion in 1980-81.
Byju Raveendran pledges houses to pay staff salaries
Last week, it was reported that the edtech giant has been delaying paying salary for some employees and the company cited technical glitches for it.
JSW Infra to acquire PNP Port from Shapoorji
JSW Infrastructure said that it intends to upgrade the PNP Port facilities and expand its capacity from the current 5 million tonnes per annum (MTPA) to 19 MTPA in a phased manner.
India may allow import of Russian wheat to shore up domestic prices
The current rabi sowing season is lagging compared to the previous year, and the weather outlook, influenced by the El Nino phenomenon, may further impact output.
Election results may rejuvenate stock market
The market has already started the pre-election rally for May 2024 from mid-November, and now this rally will get pace after the outcome of state elections, she said.
‘Trade contributes only 3% of greenhouse gas emission’
As per GTRI, India must also highlight two other important issues during the conference in Dubai.
TDK to make Li-ion battery cells for Apple
As per the reports, TDK acquired a 180-acre land near Gurugram, Haryana for Rs 550 crore.
The irony of debating climate change, fossil fuels in Dubai
The Emirate, as part of the United Arab Emirates, is almost entirely built on fossil fuel wealth.
Captive coal mines output grows 37% in November
The average daily coal dispatch in November 2023 reached an all-time high, reaching at 4.3 lakh tonnes per day.
Does manufacturing have the potential to restore its mojo?
Low base effect, benign input cost, festive season demand may support the sector in Q3
Bharti Telecom raises its ownership of Airtel
At now, Sunil Mittal's Bharti Enterprises and Singapore Telecommunications, also referred to as Singtel, hold 50.56% and 49.44% of Bharti Telecom, respectively.
Adanis to invest 7 lakh crore in infrastructure over decade
This is the port-to-power conglomerate's largest investment announcement since the stock market decline earlier this year, which was precipitated by a report from US-based short-seller Hindenburg Research.
India and the US will work together on chips and pharmaceuticals
The US Secretary of Commerce also declared that Honeywell, Pfizer, Viasat, and Kyndryl, the four new members of the US industry, would be joining the forum.
TVS ILP expands to 10 smaller cities due to FMCG warehousing demand
By 2027–2028, the corporation intends to expand into 35 cities, all of which are tier-II and tier-III cities. It is well-established in the south and intends to grow into the north and northeast region
