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Economy
Despite Covid, HAL revenues touch record high in FY 2021-22
Bengaluru: Public sector Hindustan Aeronautics Limited (HAL) has reported its highest ever revenue of over Rs 24,000 crore (provisional and unaudited) for the financial year ending on March 31. Compared to the previous year's revenues of!-->…
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Microsoft acquires data process mining vendor Minit
New Delhi: Microsoft has announced to acquire Minit, a leader in process mining technology, for an undisclosed sum.
Slovakia-based Minit enables businesses to uncover opportunities for continuous process improvement and better!-->…
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Equity indices open marginally high
New Delhi: India's key equity indices -- Sensex and Nifty -- traded marginally higher during the early trade on Friday.
At 9.44 a.m., Sensex was 0.1 per cent or 69 points up at 58,638 points, whereas Nifty 0.2 per cent or 35 points up!-->…
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Centre to borrow Rs 8.45 lakh crore in H1FY23
New Delhi: Centre plans to borrow Rs 8.45 lakh crore in the first half (H1) of FY23.
The Ministry of Finance said the Centre is estimated to make a gross market borrowing of Rs 14.31 lakh crore for FY23. The Centre in consultation with!-->…
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India’s Apr-Feb fiscal deficit reaches over 82% of FY22 RE target
New Delhi: India's April-February budgetary fiscal deficit reached 82.7 per cent of FY22's revised target.
As per the data furnished by the Controller General of Accounts (CGA), the fiscal deficit -- the difference between revenue and!-->…
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Stocks of Tata firms’ Tinplate Company, Automotive Stampings fly in FY22
Mumbai: FY22 has brought in healthy appreciation in stock value of two Tata Group companies -- Tinplate Company of India Ltd and Automotive Stampings and Assemblies Ltd.
Stocks of the two firms have seen a massive surge in FY22 on the!-->…
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Low base, healthy demand lift India’s Feb core sector growth
New Delhi: Low base, along with healthy demand as well as easing Covid restrictions, buoyed India's eight core industries' production in February 2022 on a sequential and year-on-year basis, official data showed on Thursday.
The growth!-->…
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Interest rates on small savings schemes unchanged
New Delhi : In a major relief to common man, the Centre on Thursday maintained the interest rates on small savings schemes for the first quarter of FY23.
A Ministry of Finance's office memorandum saod: "The rate of interest on various!-->…
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Exide to invest Rs 6K cr in lithium-ion cell unit in Bengaluru
Bengaluru : The MD and CEO of Exide Industries, Subir Chakraborty, met Karnataka Minister for Large and Medium Industries, Murugesh R. Nirani, on Thursday and said the battery major would invest Rs 6,000 crore in a lithium-ion cell!-->…
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Pakistani rupee breaks all previous records
Islamabad : There seems to be no respite for the falling Pakistani currency as the rupee continued to decline against the US dollar, amid the ongoing political uncertainty and delays in economic decisions, especially the lingering talks!-->…
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