The Budget 2022, which was presented in the Parliament, brought about various changes in the tax slabs, which included a hike in the standard deduction and the exemption limit. While none of these was mentioned in the budget speech, the Finance Minister got something else instead. Honourable FM Nirmala Sitharaman said that the government will …
The Honorable Finance Minister Nirmala Sithraman presented the budget today, February 1, 2022. Along with many other announcements, the FM talked about Emergency Credit Line Guarantee Scheme (ECLGS). The government’s emergency credit scheme, which was launched to support the credit needs of sectors hit by the pandemic, will be extended for another year up to …
On Monday, i.e., 31 January 2022, Auto player Tata Motors posted a consolidated net loss amounting to Rs. 1,516 crores for the third quarter of FY 2022. During the same quarter previous year, the company had reported a net profit worth Rs. 2,906.5 crores. Resultantly, Tata Motors share price fell over 3% during the early …
On 28 January 2022, Kotak Mahindra Bank informed the public of a rise in net profit to Rs. 2,131 crores which was a tad above the analysts’ expectation of Rs. 2,073 crores. This also happens to be a 15% year-on-year increase in net profit. To know more details about this story, read below. Key Highlights …
The Securities and Exchange Board of India has suggested a framework to supervise Environment, Government and Social (ESG) rating providers. The market regulator seeks to tighten the rules as the ESG providers plan on minimising the risk of greenwashing and misuse of company ratings. Are you interested in knowing more about this topic? Read on …
On Monday, 24 January 2022, the Indian stock market benchmarks- Sensex and Nifty 50 continued to slip for the fifth straight session. All Asian stock markets plunged amid weak global cues as investors braced themselves for a Federal Reserve meeting expected to confirm monetary withdrawal from global stock markets. Sensex crashed by 2000 points intraday …
A decline in NASDAQ in the previous week has caused quite a stir among top tech stocks in the Indian stock market. Shares of listed startups feature tremendous pressure due to the negative bottom line and higher valuations, which has agitated investors’ sentiments. Now, amid the global stock market seizure, Indian investors are jittered. But …
On Thursday, the surplus funds with the banks suddenly dropped, which took the overnight call rate to the highest in 21 months. This is because the sudden drop in surplus funds forced banks to urgently borrow funds for the short term to meet their requirements. The excess funds with banks were at Rs 6.06 lakh …
Persistent Systems share price rose 6% during Friday’s early trade as the company reported a rise in its profit. According to the company’s latest financial reports, it recorded a massive 45.9% jump in profit that reached Rs. 176.3 crores. A year ago, its profit stood at Rs. 120.9 crores. Read on to know more details …
According to the NSO’s first advance estimates, India’s real gross domestic product (GDP) growth is estimated at 9.2% in 2021-22, which is lower than the 9.5% projection of the Reserve Bank of India and the International Monetary Fund. India’s economic growth may slow down to 9% in the current fiscal year due to the impact …
