Economic & Finance News

Mop up from divestment, asset sale beats FY24 RE of Rs 30,000 crore

In FY24, government's capital receipts surpassed Rs 30,000 crore from disinvestment and asset monetisation. The budget combined targets under miscellaneous receipts. CPSE dividend collections reached a new peak of Rs [...]

Centre paid Rs 147.82 crore in interest subsidy on loans under PM SVANidhi

The central government has paid Rs 147.82 crore in interest subsidy to street vendors under PM SVANidhi scheme since it began in 2020 and till March 31, the Ministry of [...]

India growth story to benefit Japan's firms, says Nomura

With the Indian economy maintaining high growth, Japanese corporations are showing more interest regarding investment in India, according to Nomura. Manufacturing sectors have been the main driver of Japanese direct [...]

FDI reform 2.0: Banking, defence, insurance reforms on table

Officials said that although the bulk of the heavy lifting in terms of FDI reforms has been completed, talks are ongoing to see if conditions for these key sectors can [...]

Net direct tax collections surge 17.7% YoY to Rs 19.58L cr in FY24

India's FY 2023-24 net direct tax collections of ₹19.58 lakh crore exceeded estimates, aiding fiscal deficit target achievement. Corporate and personal income tax growth contributed to the positive outcome. [...]

India's net direct tax kitty at Rs 19.58 lakh cr, exceeds revised estimates by Rs 13k cr

India's net direct tax collections surged by 17.7% year-on-year to Rs 19.58 crore in fiscal year 2023-24, exceeding revised estimates by Rs 13,000 crore, reflecting economic buoyancy and rising income [...]

Centre aims to make India attractive destination for manufacturing, services:  Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman emphasized the government's focus on policies to make India a manufacturing and investment hub, aiming not only for the domestic market but also for exports. [...]

Investment proposals from border nations: 201 denied, 124 approved

As per a 2020 amendment, "an entity of a country, sharing land border with India or where the beneficial owner of an investment into India is situated in or is [...]

PE/VC investments decline marginally in March quarter: Report

Private equity and venture capital investments in Mumbai declined by 1% to USD 13.5 billion in March 2024 quarter. The infrastructure sector led with USD 6.5 billion investments. [...]

IMF applauds India for maintaining fiscal discipline in election year

India has successfully navigated multiple shocks over the last several years, said Krishna Srinivasan, Director, Asia and Pacific Department, at the IMF. It's emerging to be one of the fastest [...]

Now beaming: Relaxed FDI cap for space inc

New FDI limits for satellite activities, effective April 16, aim to attract foreign investors into the Indian space sector following a Cabinet decision on relaxed FDI caps and coinciding with [...]

Report all high-value transactions of FY23 by June 30: CBDT

CBDT mandated SROs to report high-value transactions by June 30. 6,000 entities failed to comply, lacking data. Form 61A enforcement in progress for Income Tax Act adherence. [...]

CBDT signs record number of 125 Advance Pricing Agreements in FY24

The Central Board of Direct Taxes (CBDT) has entered into a record 125 Advance Pricing Agreements (APAs) with Indian taxpayers in 2023-24. This includes 86 Unilateral APAs (UAPAs) and 39 [...]

RBI issues directive for cardholders, says no entity except card issuer, card networks can store transaction data from August 2025

The Reserve Bank of India (RBI) on Tuesday issued a significant directive, stating that from August 1, 2025, no entity involved in card transactions, except for the card issuer and [...]

RBI steps up gold buying amid US dollar volatility

RBI increases gold purchases to diversify forex reserves, with gold value contributing to record $648.5 billion. Gold acquisitions aim to hedge against inflation and currency risks, with increasing faith in [...]

Market News

Shares of Tube Investments  rise  as Nifty  drops

On the technical charts, the 200-day moving average of the stock stood at Rs 3377.51. [...]

Avenue Supermart shares  down  0.3% as Nifty  drops

A total of 11,644 shares changed hands on the counter till 12:47PM (IST). [...]

Indian Oil Corp. share price  up  0.79 per cent

A total of 1,357,637 shares changed hands on the counter till 12:42PM (IST). [...]

Shree Cements shares  up  0.99% as Sensex  falls

A total of 267 shares changed hands on the counter till 12:37PM (IST) [...]

ICICI Lombard shares  gain  0.05% as Sensex  falls

The stock quoted a 52-week high of Rs 1747.4 and a 52-week low of Rs 1058.85. [...]

Mirae Asset’s thematic mutual fund outperforms category in January-March quarter

Mirae Asset NYSE FANG+ETF FoF-Reg(G) outperforms in Jan-Mar quarter, exceeding domestic and overseas funds. 160 thematic funds by March end. Notable performers include Franklin India Feeder and Mirae Asset S&P [...]

GAIL share price  up  0.52 per cent

A total of 651,225 shares changed hands on the counter till 12:17PM (IST). [...]

Nestle India shares drop 2% after Q4 results. Buy, sell or hold?

The company has also informed the exchanges about changing the financial year from “1st January - 31st December” cycle to “1st April - 31st March” cycle. Accordingly, the current financial [...]

Share price of Marico  jumps  as Sensex  drops  165.54 points

A total of 22,380 shares changed hands on the counter till 12:12PM (IST) [...]

IndusInd Bank shares fall 2% post Q4 results. Should you buy, sell or hold?

Private sector lender reported a 15% year-on-year (YoY) jump in its March quarter net profit at Rs 2,347 crore, which was higher than the Street estimate of Rs 2,041 crore. [...]

Colgate-Palmolive shares  up  0.9% as Nifty  drops

A total of 3,943 shares changed hands on the counter till 12:07PM (IST). [...]

Shares of Pidilite Ind  rise  as Nifty  drops

On the technical charts, the 200-day moving average of the stock stood at Rs 2629.2. [...]

How stock markets behaved during last 4 Lok Sabha elections
Federal Bank shares  gain  0.8% as Sensex  falls

On the technical charts, the RSI of the stock stood at 60.32. [...]

Share price of Chola Inv Finance  jumps  as Sensex  drops  150.7 points

Promoters held 50.21 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 26.0 per cent and 14.09 per cent, respectively. [...]