Posts in category Business Standard
Board of Mahindra Lifespace Developers approves change in CFO (02-02-2024)
At meeting held on 02 February 2024
Budget focuses on making India USD 5 trn economy, developed nation by 2047: Assocham (02-02-2024)
The interim budget focuses on the government's objective of making India a USD 5 trillion economy and a developed nation by 2047, Assocham President Ajay Singh said on Thursday. Finance Minister Nirmala Sitharaman presented her sixth Budget on Thursday in which she announced a Rs 11.11 lakh crore spending on infrastructure among other proposals. "It is an India-first budget. A confident budget of a confident government that focuses on the objective of ensuring that India becomes a 5 trillion-dollar economy by 2025 and a developed nation by 2047," Singh said.
Success of India is grounded in the pursuit of reforms over the last years: IMF Chief (02-02-2024)
The economic success of India is grounded in the pursuit of reforms over the last years, Managing Director of International Monetary Fund (IMF) Kristalina Georgieva said Thursday exuding confidence that it would achieve its goal of being a developed nation by 2047 by staying the course. "India has been a bright spot in the world economy, and it continues to be so. We are upgrading projections for Indian growth to 6.5 per cent in 2024. This comes on the back of fairly strong performance in 2023. The success of India is grounded in the pursuit of reforms over the last years," Georgieva reportedly said. Georgieva said that one very significant advantages of India is the bold actions on the digital front with the digital public infrastructure, digital ID and making digital a strong comparative strength of India allowing small entrepreneurs to tap into markets in the way they were not able to do before.
Hero MotoCorp, Mphasis, Indian Hotels, NMDC in spotlight (02-02-2024)
Hero MotoCorp: Hero MotoCorp sold 433,598 lakh units in January 2024, up 22% from 356,690 units sold in January 2023.
US Market rebounds 1% (02-02-2024)
At closing bell, the Dow Jones Industrial Average index surged 369.54 points, or 0.97%, to 38,519.84. The S&P500 index advanced 60.54 points, or 1.25%, to 4,906.19. The tech-heavy Nasdaq Composite index spurted 197.63 points, or 1.3%, to 15,361.64.
NMDC iron ore production rises 8% YoY in Jan’24 (02-02-2024)
The state-owned miner's iron ore production grew by 8.1% to 4.54 million tonnes (MT) in January 2024 as against 4.20 MT in January 2023.
Gokaldas Exports consolidated net profit declines 25.04% in the December 2023 quarter (02-02-2024)
Sales rise 6.30% to Rs 551.57 crore
Stocks to watch on Feb 2: Indian Hotels, Hero Moto, Eicher, NMDC, RITES (02-02-2024)
Stocks to watch on February 2, 2024: Rites' consolidated profit in Q3 fell 12 per cent to Rs 129 crore from last year
A 5,800% renewables stock surge has some Indian investors worried (02-02-2024)
The biggest stock winners in India's renewable sector are now all facing the challenge from minuscule earnings, which has sent valuations through the roof