CATEGORIES

Govt takes pragmatic’ view on disinvestment targets

The govt has shelved disinvestment of BPCL, which was expected to bring in 35Ok-6OK crore

India's latest budget succeeds in hitting all the right notes

It does well on promoting growth without rocking the macro boat

Maximum government may well be here to stay

The budget's huge outlays will stretch our pandemic fiscal expansion into next year's election season. Given the risks of a sustained big-state policy, put it down to a political preference

Will the Budget boost household consumption?

In rural markets, consumers have been shying away from discretionary spending

What this Budget has on offer for HNIs

The reduction in surcharge rate from 37% to 25%, is a nudge by the government to make HNIs adopt the new tax regime

New tax regime is very attractive now

This is especially so for high-income individuals who don't utilize most exemptions and deductions of the old regime

Funds go to medtech R&D in push for healthcare exports

Allocation for the ministry of health and family welfare for FY 24 is at 786,175 crore

A digital push for agri but with less funds

Overall, the budget for the department of agriculture and farmer’s welfare was cut from 21.24 tn in 2022-23 to 41.15 tn in 2023-24

Tiresome rules out, trust-based model in

FM proposes to reduce 39,000 compliances and to decriminalize 3,400 legal provisions, with an aim to facilitate ease of doing biz

India Inc welcomes focus on capex, consumption

The budget has been termed as one with vision, structure, and discipline

Adani stocks upset mkt's budget party

Sensex and Nifty went on to hit intraday highs of around 2% each, before changing course on heavy selling in Adani shares

Locally made green trains to be rolled out

Under the Amrit Bharat Station’ scheme, the central government plans to redevelop about 1,275 stations across the country

Capex raised to 710 tn as govt pushes for infra, jobs

FinMin proposed continuing 50-year interest-free loan to state govts for one more year

‘New tax regime gives spending flexibility’

Congratulations on your fifth consecutive budget. You have mentioned that these five years have been the toughest times our country has faced but still we are right up there as a bright star. In this budget, you have put more money in the hands of employees, middle class. But will the employers be willing to pay them more?

Adani Ent pulls FPO in surprise U-turn

The board of Adani Enterprises Ltd scrapped its €20,000 crore follow-on public offering (FPO), citing investor protection concerns, as a massive selloff in Adani group stocks continued for a fifth day after a scathing report alleging accounting fraud and stock manipulation was released by a US short seller.

A FINE BALANCE

Finance minister aims to strike a balance between prioritizing growth and fiscal prudence

Why are Indian batsmen failing against spin bowling?

Indian cricket has many problems, but struggling with spin bowling is something worryingly new and needs sorting

Toyota needs its new chief to tell an electrifying brand story

The CEO of the world's biggest car company is stepping aside, after chain crises brought on by natural disasters and a pandemic over his more than decadelong reign.

An economic overview that scores on cogency

V. Anantha Nageswaran's first survey since he took over as CEA is refreshingly to-the-point and makes a few valuable arguments to take debates on key economic challenges forward

Wilmar to stand by venture with Adani

Food giant Wilmar International Ltd. will continue to support its joint venture with Adani Group, saying a report from short-seller Hindenburg Research had not raised any issues specific to the unit.

Big stakeholders of Indira IVF may exit

A group of Indira IVF's largest shareholders are considering selling their holdings of the Indian in-vitro fertilization clinic operator in a deal that could value the company at about $1 billion, according to people familiar with the matter.

IISER unravels genetic makeup of 4 native Indian cow breeds

Scientists at the Bhopal chapter of the Indian Institute of Science Education and Research (IISER) have unravelled for the first time the genetic makeup of native Indian cow breeds such as Kasargod Dwarf, Kasargod Kapila, Vechur, and Ongole, IISER said on Tuesday.

Pronunciation guide for 800 Indian words

Pronunciation transcriptions and audio for more than 800 entries associated with Indian English, including words like 'desh' (country) and 'bindaas' (bold), are now available in the Oxford English Dictionary (OED).

Sun Pharma Q3 profit up by 5.2%

Sun Pharmaceutical Industries Ltd, India's SE largest drugmaker by revenue, reported a better-than-expected 5.2% rise in third-quarter profit on Tuesday, driven by higher sales of its specialty drugs.

Opec+ cautious over China rebound, Russia sanctions

After a volatile month, international oil prices are fluctuating near $85 a barrel in London

Hero Moto rolls out Xoom to take on scooter market rivals

Amid dwindling entry-level motorcycle sales and a declining market share for scooters, Hero MotoCorp is expanding its portfolio to take on rivals Honda, TVS and Suzuki in the 110cc segment, comprising nearly 60% of the scooter market.

'Exports to slow, need to enter new markets'

Despite 25 yrs of diversification, 40% of exports go to 7 countries: Survey

Westlife Foodworld's December qtr is expectedly appetizing

Westlife Foodworld Ltd kept the ball rolling in the December quarter (Q3FY23), but that was pretty much expected. It clocked the highest-ever quarterly revenue of ₹611.5 crore.

Orders brighten the day for L&T

Larsen & Toubro Ltd's (L&T) profitability for the quarter ending December (Q3FY23) wasn't exciting enough. Consolidated Ebitda stood at ₹5,073 crore, missing Street's estimates. One factor that weighed on operating profit was the higher staff costs for the information technology services business.

ICICI Venture likely to exit Anthea in majority stake sale

Specialty chemicals firm Anthea Aromatics Pvt. Ltd has begun talks to sell a majority stake in the company to strategic investors, two people aware of the matter said.