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Budget 2024: Government Aims for Lower Deficit amid Record Infrastructure Spending; Report

The Indian government, led by Prime Minister Narendra Modi's Bharatiya Janata Party (BJP), is gearing up for the 2024-25 fiscal year. A recent Reuters poll of 41 economists reveals that despite a surge in capital expenditure to an all-time high, the ...

Skillmatics expects revenue to double to Rs 400 crore this fiscal

Skillmatics expects revenue to double to Rs 400 crore this fiscal on the back of growing domestic demand and foray into new markets....

Asset Reconstruction Companies Set To Grow 10 Per Cent This Fiscal: Report

The asset reconstruction industry is set to clock the best growth this fiscal as their asset under management is expected to increase by almost 10 per cent to Rs 1.1 lakh crore, a report said on Thursday. The 29-player ARC (asset ...

AAI Seeks Waiver, Of Annual Dividend Payment For 2021-22 Fiscal

Airports Authority of India (AAI) has requested the government to waive the compulsory dividend payment requirement for the financial year ended March 2022, in lieu of the waiver of Air India's dues done prior to the sale of the carrier. State-owned ...

Maruti Suzuki Lines Up Rs 5,000 Crore Capex For Current Fiscal

Maruti Suzuki India (MSI) has lined up Rs 5,000 crore capex for various initiatives, including new product launches, for the current financial year, according to a senior company official. The country's top carmaker, which had earmarked around Rs 4,500 crore in ...

Mobile Phone Exports, Set To Cross Rs 43,500 Cr This Fiscal

Buoyed by the government's PLI scheme, exports of mobile phones from India are expected to cross Rs 43,500 crore during the current financial year ending March 31, 2022, according to the industry body India Cellular and Electronics Association. ICEA ...

No Public Sector Bank Faced Loss, In Three Quarters To Dec'21 Of This Fiscal

No public sector bank has faced any loss in the April-December period of the current fiscal year, and clocked a collective net profit of Rs 48,874 crore during this period, the government said in Parliament on Tuesday. "No PSB has suffered ...

FDI in Food Processing Sector Down 54 Per Cent To Rs 2,934 Crore Last Fiscal

Foreign direct investment (FDI) in food processing sector declined 54 per cent to Rs 2,934.12 crore in 2020-21 as compared to the previous year, the government said on Friday. In a written reply to the Rajya Sabha, Minister of State ...

Govt Seeks Par Nod For Rs 3.73 Lakh Cr Additional Spending This Fiscal

The government on Friday sought Parliament's nod for gross additional spending of over Rs 3.73 lakh crore in the current financial year. As per the second batch of supplementary demands for grants tabled in Lok Sabha by Minister of State ...

Income Tax Refunds Worth Over Rs 67,400 Crore issued in 5 Months of This Fiscal

The Income Tax Department on Saturday said it has issued over Rs 67,400 crore worth refunds in five months of the current fiscal. "CBDT issues refunds of over Rs 67,401 crore to more than 23.99 lakh taxpayers between 1st April, ...

Operating Profits Of Cotton Spinners To Double: Crisil

Operating profits of cotton spinners will double next fiscal as revenue spurts 20-25% on higher sales to Asian buyers and appreciation in cotton yarn prices, a study of 102 of them (including 95 rated by CRISIL), which account for 40% of ...

Pharma Sector May Show 8% to 9% Growth This Fiscal

Living up to its moniker of a defensive bet, the Rs 2.8 lakh crore Indian pharmaceutical sector is set to emerge more or less unscathed from the Covid-19 pandemic this fiscal, rating agency Crisil has stated. "The sector is well-diversified with ...

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