Care Ratings expects India's Union Budget 2024 to prioritize welfare schemes, incentivize deposit mobilization, and maintain high capital expenditure, aiming for a 5% fiscal deficit.

Care Ratings says RBI''s record dividend will ease pressure on big-ticket divestment, but govt to maintain Rs 50,000 crore target. Potential candidates include SCI, CONCOR, and...

Recent tariff hikes by top telcos are expected to increase ARPU by 15% and boost operating profits by over 20% in FY25, according to a report.

Care Ratings reported a 35% surge in standalone net profit to Rs 34.8 crore in Q4 FY24, with total income rising 13% to Rs 88.5 crore. The company declared a final dividend of Rs 11/share.

Sebi approves CARE Ratings' subsidiary, CARE ESG Ratings, to provide environmental, social, and governance (ESG) ratings, helping issuers enhance their sustainability performance.

Fineotex Chemical Ltd raised Rs 342.55 crore through the issuance of equity shares and warrants on a preferential basis. The company will use the funds for organic and inorganic growth.

Zydus Lifesciences secures Mexican regulatory approval for Bhava, a biosimilar cancer treatment, expanding its reach to Latin America. The drug is used for various cancers, including colorectal and...

JSW Neo Energy has secured a contract to develop a 500 MW solar project with energy storage systems from SECI. The project will be located in India and is part of the company's ambitious goal to...

Wipro shares plummeted nearly 9% on Monday after the IT major announced flat sequential growth guidance for the upcoming quarter. The company reported a 4.6% YoY rise in net profit but saw a...

Business leaders urge the creation of a new NBFC-PSL category in the Union Budget to boost MSME lending and growth.

Aluminium prices fell on the Multi Commodity Exchange (MCX) due to lower demand from consuming industries. The August contract dropped by Rs 1.65 to Rs 218.55 per kg.

Copper futures declined on Monday due to muted demand in the domestic market. Analysts attribute the drop to speculators reducing their positions.

India's GDP is projected to grow at 6.5-7% in 2024-25, according to the Economic Survey 2023-24. The forecast takes into account global challenges and domestic growth drivers.

Crude oil futures edged down on Monday due to weak demand, falling by 0.03% to Rs 6,610 per barrel on the Multi Commodity Exchange. Global oil prices, however, saw gains.

China's central bank cuts key interest rates in a surprise move to revive the struggling property sector and stimulate economic growth. The move comes as the country faces challenges in the housing...