Linc Ltd Q3FY25 PAT rises 15.3% to Rs 872 lakh despite revenue dip
Feb 04, 2025, at 11:38 pm
Kolkata: Kolkata-based Linc Ltd reported a 15.3% year-on-year (YoY) increase in profit after tax (PAT) to Rs 872 lakh in Q3FY25, despite a slight 0.9% decline in total income to Rs 12,355 lakh.
Tata Power Q3FY25 profit rises 10% to Rs 1,188 cr
Feb 04, 2025, at 11:33 pm
Mumbai: Tata Power, one of India’s leading integrated power companies, announced its financial results for the December quarter on Tuesday, reporting a 10.35% year-on-year (YoY) increase in consolidated net profit to Rs 1,187.54 crore, compared to Rs 1,076.12 crore in the corresponding period last year.
100% FDI in insurance to boost innovation, sector growth: Moody’s
Feb 04, 2025, at 10:56 pm
New Delhi: Moody’s Ratings stated on Tuesday that increasing the foreign investment limit in India’s insurance sector from 74% to 100% is expected to attract more global players and strengthen the industry's growth, reported PTI.
JSW Infra to dilute 14% promoter stake for Rs 39,000 cr expansion, eyes acquisitions in logistics
Feb 04, 2025, at 10:49 pm
Mumbai: The Sajjan Jindal family plans to dilute a 14% stake in JSW Infrastructure to finance its Rs 39,000-crore capital expenditure over the next five years, The Economic Times reported.
RBI likely to cut policy rate by 75 bps in 2025, starting with 25 bps in Feb: SBI Research
Feb 04, 2025, at 05:59 pm
Mumbai: The Reserve Bank of India (RBI) is expected to cut its policy rate by 75 basis points (bps) during the upcoming easing cycle, beginning with two successive reductions in February and April 2025, according to an SBI Research report.
Asian Paints Q3FY25 profit drops 23.3% YoY to Rs 1,110 cr; revenue declines 6.1%
Feb 04, 2025, at 04:20 pm
Mumbai: Asian Paints on Tuesday posted a 23.3% year-on-year (YoY) decline in its consolidated net profit (attributable to owners) for the third quarter of FY25, ending in December, at Rs 1,110.48 crore, media reports said.
Union Budget: Nirmala Sitharaman shares reason behind increasing tax exemption to Rs. 12 lakh
Feb 02, 2025, at 10:36 pm
Union Finance Minister Nirmala Sitharaman has explained the reason behind increasing tax exemption to Rs. 12 lakh and said her government wanted to recognise the honest taxpayer and extend support to the middle class.
Industry lauds Union Budget 2025, tax relief for middle class, consumption stimulus
Feb 02, 2025, at 01:35 am
New Delhi: Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year 2025-26, introducing important measures aimed at stimulating economic growth and providing relief to the middle class.
Budget 2025: Tax exemption raised to Rs 12 lakh, check what it means for you
Feb 01, 2025, at 11:25 pm
The government has revamped the tax structure under the new regime, with Finance Minister Nirmala Sitharaman announcing that individuals earning up to Rs 12 lakh annually will pay no income tax.
Feb 01, 2025, at 06:37 pm
The Union Budget presented by Finance Minister Nirmala Sitharaman on Saturday proposed to add 36 life-saving drugs and medicines to the list of medicines fully exempted from Basic Customs Duty, a move which will provide relief to patients, particularly to those suffering from cancer, rare diseases and other severe chronic diseases.
Chocko Valliappa on Centre for Excellence in AI for education sector in Union Budget
Feb 01, 2025, at 06:10 pm
Chocko Valliappa, Vice Chairman of Sona College of Technology, Salem, and Founder and CEO of Vee Technologies, on Saturday, praised the Union Budget for announcing to setting up of a Centre for Excellence in AI for the education sector.
Feb 01, 2025, at 06:06 pm
Chocko Valliappa, Founder and CEO of Technology and IT services provider Vee Technologies, on Saturday, said corporate sector companies engaging fresh talent deserve to be taxed at a preferential rate.
Union Budget 2025: Nirmala Sitharaman feels India Post will act as a catalyst for rural economy
Feb 01, 2025, at 05:00 pm
Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, while presenting the Budget 2025-26 in the Parliament on Saturday, said that India Post with 1.5 lakh rural post offices will be repositioned to act as a catalyst for the rural economy.
Union Budget 2025: Nirmala Sitharaman proposes multi-sectoral reforms in public-private partnership
Feb 01, 2025, at 04:38 pm
As part of the 3rd engine of investment in economy, Union Minister for Finance and Corporate Affairs Nirmala Sitharaman proposed multi-sectoral reforms encompassing Public Private Partnerships, support to States, Asset Monetisation Plan for 2025-2030, mining sector, and support to domestic manufacturing, while presenting the Union Budget 2025-26 in Parliament, on Saturday.
Union Budget 2025: UDAN scheme to boost regional air connectivity to 120 new destinations
Feb 01, 2025, at 04:29 pm
Union Finance Minister Nirmala Sitharaman on Saturday announced in her Budget speech that the Regional Connectivity Scheme UDAN will provide air connectivity to 120 new destinations across India.
Feb 01, 2025, at 04:08 pm
Union Finance Minister Nirmala Sitharaman on Saturday presented the Union Budget where she announced the setting up of fifty thousand Atal Tinkering Labs in Government schools in next 5 years to cultivate the spirit of curiosity and innovation.
Union Budget 2025: Nirmala Sitharaman says govt will setup Urban Challenge Fund of Rs 1 lakh crore
Feb 01, 2025, at 03:31 pm
Union Finance Minister Nirmala Sitharaman, while presenting the Budget 2025-2026 in the Parliament, on Saturday said that the Government will set up an Urban Challenge Fund of Rs 1 lakh crore to implement the proposals for ‘Cities as Growth Hubs’, ‘Creative Redevelopment of Cities’ and ‘Water and Sanitation’ announced in the July Budget.
Union Budget: Finance Minister announces National Manufacturing Mission
Feb 01, 2025, at 02:50 pm
A “National Manufacturing Mission” to cover small, medium and large industries for furthering “Make in India” was announced by the Union Minister for Finance and Corporate Affairs , Nirmala Sitharaman while presenting the Union Budget 2025-26 in Parliament on Saturday.
Budget 2025: Income Tax slabs revised, no tax upto Rs. 12 lakh
Feb 01, 2025, at 02:43 pm
New Delhi/IBNS: Union finance minister on Saturday announced revised Income Tax slabs delivering the Modi government's first full budget since returning to power for the third term.
Union Budget: FDI limit for insurance sector raised from 74 to 100 percent
Feb 01, 2025, at 02:37 pm
Union Finance Minister Nirmala Sitharaman presented the Union Budget on Saturday when she informed that the FDI limit for the insurance sector will be raised from 74 to 100 per cent.
Budget 2025: FM delights middle-class with upto 12 lakh tax exemption, woos poll-bound Bihar
Feb 01, 2025, at 02:24 pm
Boosting spending of the middle class and reaching out to the aggrieved salaried group with a big announcement by exempting tax on income of upto Rs 12 lakh, Union Finance Minister Nirmala Sitharaman presented the Union Budget 2025 with a focus on encouraging private investment, assuaging the middle-income constituency and strengthening growth.
Budget 2025: New Income Tax bill next week, announces FM Sitharaman
Feb 01, 2025, at 01:32 pm
New Delhi/IBNS: Union finance minister Nirmala Sitharaman on Friday announced that the new Income Tax bill will be introduced next week delivering the Modi government's first full budget since returning to power for the third term.
Union Budget 2025: No income tax payable upto Rs. 12 lakh
Feb 01, 2025, at 12:54 pm
Giving relief to Indian taxpayers and giving a boost to consumption, Union Finance Minister Nirmala Sitharaman on Saturday announced in her budget speech that people with salaries up to 12 lakhs will not be required to pay tax in the new tax regime.
Nirmala Sitharaman to present her 8th consecutive Union Budget today
Feb 01, 2025, at 08:57 am
Union Finance Minister Nirmala Sitharaman will present her first full budget on Saturday, months after the Bharatiya Janata Party-led NDA government returned to power for the third straight term last year.
Jan 31, 2025, at 09:56 pm
New Delhi: The Economic Survey 2024-25 has highlighted that real average monthly wages for both self-employed and salaried workers in 2023-24 were below 2017-18 levels.
Jan 31, 2025, at 08:44 pm
Kolkata: State-run Bharat Petroleum Corporation Limited (BPCL), a premier energy company in India, has teamed up with Refroid Technologies to introduce India’s first indigenous liquid coolant specifically formulated for next-generation AI-driven and sovereign data centers.
India's forex reserves rise by $5.5 billion to $629.55 billion
Jan 31, 2025, at 08:02 pm
Mumbai: India's foreign exchange reserves rose by $5.5 billion, reaching $629.55 billion as of the week ending January 24, 2025, according to data from the Reserve Bank of India (RBI).
India’s manufacturing share on the rise, but still far behind China: Economic Survey 2024-25
Jan 31, 2025, at 07:46 pm
New Delhi: India's contribution to global manufacturing is currently only a tenth of China's, but the gap is narrowing, NDTV Profit reported, citing the Economic Survey 2024-25.
India's July-Nov 2024 capex growth shows strong focus on defence, railways, roads: Economic Survey
Jan 31, 2025, at 06:43 pm
New Delhi: From July to November 2024, India's government capital expenditure (capex) rose by 8.2%, with sectors like defence, railways, and road transport making up 75% of the total outlay, according to the Economic Survey 2024-25 released on Friday.
Jan 31, 2025, at 06:30 pm
The Economic Survey tabled in the Indian Parliament on Friday said the Union Government‘s capital expenditure on key infrastructure sectors has grown at a rate of 38.8 per cent from 2019-20 to 2023-24.