Aviation industry to see 8 to 13 pc surge in domestic passengers: ICRA report
New Delhi, March 6 - Despite facing supply chain challenges and engine failures, Indian aviation industry is set to scale new heights in the coming years, according to a recent report by ICRA, a leading credit rating agency.
RBI’s punitive actions will keep NBFCs on the edge
New Delhi, March 6 - In continuation with its system clean-up mission, the RBI imposed an embargo on IIFL’s gold loan business on March 4 and on JM Financial Products’ (subsidiary of JM Financial) loan against shares & IPO financing business the next
Gadkari unveils highway projects worth Rs 4,000cr in Himachal
Hamirpur (HP), March 5 - Union Minister for Road Transport & Highways Nitin Gadkari on Tuesday inaugurated and laid the foundation stones of 15 National Highway projects and a Ropeway project entailing an investment of Rs. 4,000 crore in the Himalayan state of
Here’s all you need to know about RBI’s Unclaimed Deposits portal
Mumbai, March 5 - The Reserve Bank of India (RBI) on Tuesday issued a set of frequently asked questions (FAQs) about its UDGAM portal to help people recover their funds that are stuck in unclaimed deposits/ accounts with banks.
Income Tax Dept allows trusts to rectify their error over Form 10B/10BB till March 31
New Delhi, March 5 - The Central Board of Direct Taxes (CBDT) has given more time to trusts and institutions which have submitted the wrong forms to claim income tax exemption, to rectify their error and submit their audit reports with the forms
Centre rolls out 200 CNG stations across 17 states in big push to green economy
New Delhi, March 5 - Minister for Petroleum and Natural Hardeep Singh Puri on Tuesday dedicated to the nation as many as 201 Compressed Natural Gas (CNG) stations across 17 states and India’s first small-scale LNG unit at Vijaipur in Madhya Pradesh as
Nifty snaps four-day winning streak on account of profit booking
Mumbai, March 5 - Nifty snapped a four-day winning streak on Tuesday on account of profit booking, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
Govt targets 5-fold jump in India’s share of global space economy
Ahmedabad, March 5 - India’s Space economy stands at a modest $8 billion, but the government is targeting a five-fold increase in the country’s share of the global space economy, Union Minister Jitendra Singh said on Tuesday.
ACES to provide mobile infra services on underground Mumbai Metro 3 line
Mumbai, March 5 - The ACES India Pvt Ltd, a subsidiary of ACES Saudi Arabia, will provide mobile infrastructure services on the upcoming Mumbai Metro 3 line, the city’s first fully underground corridors, top officials said here on Tuesday.
Over two-third of all smallcap stocks have become multibaggers since Covid bottom
New Delhi, March 5 - More than two-third of all smallcap stocks have become multibaggers since the stock market bottom of Covid-19, as per an analysis by DSP Mutual Fund.
Gevra coal mine in Chhattisgarh poised to become largest in Asia
New Delhi, March 5 - Chhattisgarh-based Coal India subsidiary South Eastern Coalfield Limited’s (SECL) Gevra mine is set to become the largest coal mine in Asia as it has been granted environmental clearance to expand production capacity to 70 million tons per annum
Deposit rush among Indian banks to raise competition for funds
New Delhi, March 5 - Surging credit has caused the loan-to-deposit ratios (LDRs) to climb at Indian banks, raising concerns that the trailing deposit growth and competition for funds would hit margins, according to S&P Global Market Intelligence data and analysis.
Publishers seek customs duty waiver as newsprint cost shoots up
New Delhi, March 5 - Indian Newspaper Society (INS) has urged the government to waive the 5 per cent customs duty on newsprint as publishers have come under a financial strain due to the escalation in costs.
IIFL Finance shares at lower circuit of 20 pc after RBI order on gold loans
New Delhi, March 5 -The RBI in its order dated March 4 has directed IIFL Finance to stop sanctioning or disbursing gold loans, with immediate effect including ban on any assignment/securitization/down-selling transactions.
Tata Motors stock up 204 pc in last 36 months
New Delhi, March 5 - On the back of a strong performance across its key business segments, Tata Motors stock has significantly outperformed key indices with 204 per cent return in the last 36 months versus 50 per cent return in the Nifty,
High valuations of market can constrain further rally, say analysts
New Delhi, March 5 - While the market is steady, the small cap index is showing some strain with a cut of 0.5 per cent on Monday, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Nifty extends gains for fourth session to end at record high
Mumbai, March 4 -+ India's benchmark indices extended gains for the fourth session on Monday to end at record high, said Devarsh Vakil, Deputy Head Retail Research, HDFC Securities.
Poultry companies to log 5-6 pc revenue growth
Chennai, March 4 - Credit rating agency ICRA expects the revenue growth for its sample set of domestic poultry companies to improve mildly to about 5-6 per cent in FY2025 after an estimated modest Year-on-Year (YoY) growth of about 3-4 per cent in
Indian economy to grow at 7.8 pc in FY25
Chennai, March 4 - The Indian economy is expected to grow at 7.8 per cent in FY25, said an economist in Bank of Baroda in a report.
ADIA acquires shares in SpiceJet
New Delhi, March 4 - Abu Dhabi Investment Authority (ADIA) recently acquired shares of Spicejet from the open market.