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Budget 2023: It’s a Bahubali budget; FM shot multiple objectives with one arrow, says Nilesh Shah, Kotak AMC

“Credible numbers are giving confidence that the Budget presented by the FM is reliable, steady & growth-oriented. The estimates are fairly conservative. 6.5% real GDP growth, some amount of inflation and tax buoyancy, 11-11.5% revenue estimates looks ...

Economic Times, 29 min(s) ago Also from: NDTV, Rediff.com and 2 other sources
Budget 2023: Overseas Holidays May Get Costlier, Hike In TCS Proposed

The Finance Bill, through the Budget 2023-24, amended Section 206C of the Income Tax Act levying a higher Tax Collected at Source (TCS) on overseas tour programme packages.

NDTV, 30 min(s) ago Also from: NDTV, Rediff.com and 2 other sources
Steel and Cement sectors get a booster dose from higher infrastructure capex

“A significant 33% increase in capital expenditure to Rs 10 lakh crore – 3.3 % of the GDP, thrust to fast-track infrastructure development, and the highest-ever Rs 2.40 lakh crore (allocation) for railways will translate into robust domestic steel demand, ...

Economic Times, 35 min(s) ago Also from: NDTV, Rediff.com and 2 other sources
Markets end on mixed note; Sensex climbs 158 points, Nifty dips

Equity benchmarks Sensex and Nifty ended on a mixed note on Wednesday as the euphoria about the Budget fizzled out, with investors going for profit-taking ahead of the Fed interest rate decision. Illustration: Dominic Xavier/Rediff.com The 30-share BSE benchmark Sensex climbed 158.18 points or 0.27 per cent to settle at 59,708.08 after it trimmed most of the intra-day gains. During the day, it had zoomed 1,223.54 points or 2 per cent to 60,773.44. In contrast, the broader NSE Nifty declined ...

Rediff.com, 58 min(s) ago Also from: NDTV, Rediff.com and 2 other sources
'Umeedon Ka Budget': MoS finance says Union Budget will match people's expectations

In an exclusive interview, MoS Finance Pankaj Chaudhary said, Ever since the Modi government has been formed, it brings the budget keeping in mind all the sections of the society.Union Finance Minister Nirmala Sitharaman will table the Budget 2023 in Lok ...

Times of India, 6 hour(s) ago Also from: NDTV, Rediff.com and 1 other source
Finance Minister Announces Scheme To Promote Alternative Fertilisers

Finance minister Nirmala Sitharaman today announced that Pradhan Mantri-Promotion of Alternate Nutrients for Agriculture Management Yojana (PM-PRANAM) will be launched to incentivise states to promote alternative fertilisers. The move would help to encourage ...

NDTV, 3 hour(s) ago Also from: NDTV, Rediff.com and 2 other sources
Adani stocks lose up to 10%; two counters hit lower circuits

NEW DELHI: Even after the Rs 20,000 crore-follow-on public offer (FPO) of sailed through on Tuesday, all 10 stocks belonging to billionaire Gautam Adani's vast empire were reeling under the impact of the Hindenburg report today. While was locked in the 10% ...

Economic Times, 6 hour(s) ago Also from: Rediff.com, Economic Times
India, China to be major engines of growth in fiscal 2023, says IMF

ndia remains a bright spot and together with China, it will account for half of global growth this year, versus just a tenth for the US and Euro area combined, the International Monetary Fund (IMF) said on Tuesday. The IMF, which released an update to its ...

Times of India, 10 hour(s) ago Also from: NDTV, Economic Times
Adani Enterprises FPO fully subscribed on final day

The flagship entity of the Adani Group got bids for 50.9 million shares against an offer size of 45.5 million shares, excluding the anchor book, at a price range of ₹3,112-3,276 apiece. Adani Enterprises closed 2.8% higher at ₹2,973.90 Tuesday on the BSE, ...

Economic Times, 10 hour(s) ago Also from: NDTV, Rediff.com and 2 other sources
Economy poised to do better, says CEA Nageswaran

Indian economy is poised to do better on the back of reforms undertaken by the government and is expected to clock a 6.5-7 per cent growth in the remaining part of the decade, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Tuesday. Illustration: Uttam Ghosh/Rediff.com Addressing reporters here after the tabling of the Economic Survey in Parliament by Finance Minister Nirmala Sitharaman, Nageswaran said that by and large, inflation is likely to be well behaved in FY2023-24 barring ...

Rediff.com, 21 hour(s) ago Also from: NDTV, Economic Times


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