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Sensex ends in red on Interim Budget day

Feb 1, 2024

Mumbai, Feb 1 (IANS) The domestic market was marginally disappointed by lower than expected infra spending in the Interim Budget, Vinod Nair, Head of Research at Geojit Financial Services, said on Thursday.However, the government's commitment to fiscal prudence, targeting a fiscal deficit of 5.1 per cent for FY25BE, is expected to improve the…

Upgrading regular rail bogies to Vande Bharat standards a dynamic move: Jupiter Wagon Ltd

Feb 1, 2024

Kolkata, Feb 1 (IANS) Hailing Finance Minister Nirmala Sitharaman's announcement of plans to upgrade 40,000 regular bogies to Vande Bharat standards, mobility solutions provider Jupiter Wagons Limited managing director Vivek Lohia, said it…

Business

Cabinet approves extension of sugar subsidy scheme for poor by 2 years

Feb 1, 2024

New Delhi, Feb 1 (IANS) The Union Cabinet chaired by Prime Minister Narender Modi on Thursday approved the extension of the sugar subsidy scheme for Antyodya Anna Yojna (AAY) families distributed through the Public Distribution Scheme (PDS)…

Business

Govt extends tax rebate scheme for garments’ export by 2 years

Feb 1, 2024

New Delhi, Feb 1 (IANS) The Union Cabinet chaired by Prime Minister Narendra Modi on Thursday approved the continuation of the Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) for export of apparel/garments and made-ups up…

Business

Interim Budget indicated high political confidence in BJP’s tone: S&P Global Market…

Feb 1, 2024

New Delhi, Feb 1 (IANS) The announcement of the interim budget for fiscal year (FY) 2024–25 by Union Finance Minister Nirmala Sitharaman reflected the ruling BJP's mood for the 2024 Lok Sabha elections, S&P Global Market Intelligence…

Business

Aurobindo Pharma shares down more than 6% amid US FDA inspection

Feb 1, 2024

New Delhi, Feb 1 (IANS) Aurobindo Pharma shares fell more than 6 per cent on Thursday amid an inspection by the US Food and Drug Administration (FDA). Aurobindo Pharma shares were down 6.6 per cent at Rs 1,074 on the BSE. The company has…

Business

Interim Budget 2024-25 is a clear and outcome-based continuum towards Viksit Bharat: Dr Anish Shah,…

Feb 1, 2024

Commenting on the Interim Union Budget 2024-25 announced by the Finance Minister earlier today, Dr Anish Shah, President, FICCI said, "The Interim Budget is a clear and outcome-based continuum towards Viksit Bharat. It brings together…

Business

Housing scheme in Budget to boost steel, cement, construction

Feb 1, 2024

New Delhi, Feb 1 (IANS) The boost to housing in the Interim Budget is another important proposal from the market perspective since this will benefit industries like cement, steel and all construction related segments, Geojit Financial…

Business

Interim budget 2024: Target for Lakhpati Didi enhanced from 2 crore to 3 crore

Feb 1, 2024

New Delhi, Feb 1 (IANS) While presenting the Interim Budget 2024-25 in Parliament on Thursday, Union Finance Minister, Nirmala Sitharaman, announced that it has been decided to enhance the target for Lakhpati Didi from two crore to three…

Business

Tax benefits for startups, sovereign wealth & pension funds extended to March 2025

Feb 1, 2024

New Delhi, Feb 1 (IANS) In a respite for the startup ecosystem, the Centre on Thursday announced to extend tax benefits for startups and investments made by sovereign wealth and pension funds to March 2025. Certain tax benefits to startups…

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