Centre releases additional Rs 72,961 crore from tax kitty to states
New Delhi, Dec 22 - The Central government has authorised the release of an additional installment of tax devolution amounting to Rs 72,961.21 crore to strengthen the hands of state governments for financing various social welfare measures and infrastructure development schemes, the Finance
‘Allowing LIC time period of 10 years is a welcome step’
New Delhi, Dec 22 - Founder MMJC & Associates Makarand M Joshi on Friday said that the decision of allowing LIC time period of 10 years to achieve minimum public shareholding is a welcome step looking at the current situation of the global
Global credit rating agencies must be transparent, fair to developing nations: CEA
New Delhi, Dec 22 - Credit rating agencies such as Fitch, Moody’s and S&P, need to reform their sovereign rating process which is heavily loaded against developing countries like India resulting in additional funding costs running into billions of dollars, the government’s Chief
NHAI awards projects worth Rs 9,384cr to successful bidders
New Delhi, Dec 18 - NHAI has awarded Toll, Operate and Transfer (TOT) projects of a combined length of 273 km for Rs 9,384 crores to successful bidders, Ministry of Road Transport and Highways said on Monday.
FPIs bought heavily in banking, IT stocks
New Delhi, Dec 16 - Chief Investment Strategist at Geojit Financial Services V K Vijayakumar on Saturday said that a major development in December has been that FPIs have heavily bought stocks in banking and IT segments.
Smart lighting brand Philips Hue’s parent firm plans job cuts to save $218 mn
New Delhi, Dec 16 - The Netherlands-based Signify, which owns smart lighting brands Philips Hue and WiZ, is restructuring in the face of "ongoing market volatility and uncertainty" that will trigger job cuts at the company.
Cabinet okays proposal for international status to Surat Airport
New Delhi, Dec 15 - The Union Cabinet on Friday approved the proposal to declare Surat Airport as an international airport.
Adani ‘Green Talks’ supports 5 social impact startups
Ahmedabad, Dec 15 - The Adani Group, India’s fastest growing portfolio, held the third edition of ‘Green Talks’ here on Friday.
Govt offers discount for online purchase of Sovereign Gold Bonds
New Delhi, Dec 15 - Sovereign Gold Bonds 2023-24 (Series III) has been opened for subscription during the period December 18-22, 2023 with Settlement date December 28, 2023, the Finance Ministry said on Friday.
India’s forex reserves rise to 4-month high of $606.9bn
Mumbai, Dec 15 - India's foreign exchange reserves rose by $2.816 billion to hit a four-month high of $606.859 billion during the week ended December 8, according to RBI data released on Friday.
Sharpest leg of India dedicated inflows since 2003-2006
New Delhi, Dec 15 - India dedicated flows expanded to a 3-month high of $713 million, again all led by Large cap flows.
Market value of BSE listed companies surges Rs 8.55L cr for the week
Mumbai, Dec 15 - The Nifty rose for the seventh week in a row to close at fresh all-time high of 21,457 on Friday, while the Sensex galloped nearly 1,000 points to settle at 71,483, said Devarsh Vakil, Deputy Head of Retail Research
Nifty surged 3% in past two days
Mumbai, Dec 15 - Nifty has surged 3 per cent in the last two days and one can expect this optimism to continue next week on the back of a liquidity driven rally, Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial
Bank Nifty projected to hit 50,000-mark
Mumbai, Dec 15 - The Bank Nifty bulls are maintaining their robust momentum, pushing the index beyond the 48,000-level, Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities, said on Friday.
Adani seals deal to sell 49% stake in Ennore terminal to global shipping giant
Mumbai, Dec 15 - Billionaire Gautam Adani-led Adani Ports on Friday said it will sell a 49 per cent stake in its Ennore Container Terminal near Chennai to Terminal Investment, an arm of the global shipping giant Mediterranean Shipping Company for about Rs
US Fed leaves interest rates unchanged as inflation cools
Washington, Dec 14 - The US Federal Reserve has left interest rates unchanged at a 22-year high of 5.25 per cent to 5.5 per cent as inflation continued to cool, signalling an end to its rate hiking cycle and possible rate cuts next
German economy to shrink 0.5% in 2024: IW
Berlin, Dec 14 - Following an expected recession of 0.5 per cent this year, Germany's gross domestic product (GDP) is now forecast to fall by as much in 2024, the German Economic Institute (IW) said on Wednesday.