Category: Business
-
India’s Fiscal Fortitude: Steady Growth Amidst Reforms and Prudent Management
In a reaffirmation of the Indian government’s commitment to maintain economic stability and promote inclusive growth, Finance Minister Nirmala Sitharaman, in an exclusive discussion, expressed confidence that the steady growth trajectory of the Indian economy would persist. Highlighting the steps taken towards structural reforms, Sitharaman referred to the interim budget as a reflection of secularism…
-
Empowerment over Populism: FM Sitharaman Discusses Budget Priorities and Government Confidence
Finance Minister Nirmala Sitharaman, in her post-budget interview, emphasized the Modi government’s dedication to empowerment rather than populist measures. Speaking just after the 2024 Interim Budget presentation, Sitharaman highlighted the government’s confidence, reflected in the absence of ususal populist moves such as income tax slab revisions. Instead, the government’s actions speak to the people’s unwavering…
-
Finance Minister Nirmala Sitharaman Gears Up for Record-Equaling Budget Presentation Amidst Growth Optimism
Nirmala Sitharaman, the Finance Minister, is set to present her sixth consecutive budget, matching the tenure of former Prime Minister Morarji Desai who delivered six budgets during his term as finance minister from 1959 to 1964. Known for her record duration budget speech of 2 hours and 42 minutes in 2020, Sitharaman prepares to present…
-
INS Sumitra Thwarts Piracy Attempt in the Gulf of Aden and Rescues Hijacked Fishermen
In a bold act of maritime heroism, the Indian Navy’s warship INS Sumitra displayed swift action in the Gulf of Aden on January 29, 2024, effectively neutralizing a hijack scenario and ensuring the safe release of a detained Iranian fishing crew. The fascinating rescue operation unfolded after INS Sumitra received a distress signal about the…
-
Anticipating the Interim Budget: Aspirations for Tax Exemptions, MSME Support, and Green Manufacturing Leadership
As India draws closer to the presentation of the interim budget by Union Finance Minister Nirmala Sitharaman on February 1, expectations are piquing among industry experts and taxpayers. Foremost among these anticipations is the hope for increased income tax exemption limits which might see a rise to Rs 8 lakh along with other supportive measures…
-
Budget 2024: A Crucial Blueprint for India’s Diverse Sectors and their Aspirations
MSMEs and startups, represented by voices such as Rohit Arora of Biz2X and Biz2Credit, expect simplifications in regulatory procedures and support for digital infrastructure and skill development. Health sector expectations, as voiced by Jeetu Bairathi, include greater public expenditures and support for medical tourism, while the real estate industry seeks policy decisions regarding GST on…
-
India and France Forge New Defense and Space Alliance
India has marked a significant step in defense and space cooperation with France through a groundbreaking Defence Space Agreement. Providing a platform for joint development of military satellites, this collaborative effort aims to enhance global situational awareness and secure communication and surveillance satellites in times of conflict. Signed discreetly on January 26 by French Defence…
-
Bustling IPO Activity with Six New Offerings and Ten Company Listings Expected Next Week
The upcoming week, commencing on January 29, is poised to be a period bustling with activity on the primary stock market front, marked by the anticipated launch of six IPOs and the listing of ten companies. More than Rs 500 crore is targeted to be raised, with offerings encompassing both the mainboard and the SME…
-
End of an Era: Binny Bansal Steps Down from Flipkart’s Board
Co-founder of the iconic e-commerce platform Flipkart, Binny Bansal, has called time on his tenure as a board member of the company, signaling the conclusion of a remarkable chapter in India’s start-up story. Binny, after selling his stakes last year, is paving the way for new endeavors, embarking on a fresh journey in the same…
-
YES Bank’s Financial Performance in Q3 – Expectations vs Reality
YES Bank is anticipated to reveal a considerable increase in net profit for the quarter ending December 2023, with forecasts suggesting a multi-fold surge based on comparisons from the same period in the previous year. The net interest income (NII) is expected to witness a marginal rise ranging between 2-5 percent. The net interest margin…
-
Gold and Silver Market Dynamics in India on January 27, 2024
On January 27, 2024, the pricing of gold in various Indian cities experienced variances, with the average rate for 10 grams of gold being around Rs 63,000. Specifically, the price for 10 grams of 24-carat gold averaged Rs 63,050, while 22-carat gold cost approximately Rs 57,800. Additionally, silver prices showed a consistent increase, reaching Rs…
-
The Breakdown of ZEE-Sony Merger and ZEEL’s Countermove
Zee Entertainment Enterprises (ZEEL) is bracing itself for a legal encounter at the arbitration court in Singapore, preparing to launch counterclaims against Sony Pictures Networks India, following the latter’s dissolution of a merger agreement and demand for a $90 million termination fee. Faced with this setback, ZEE, one of India’s most popular television networks, is…