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Consumption related sectors may underperform as Budget gives them a miss

Feb 1, 2024

New Delhi, Feb 1 (IANS) The lack of focus on the struggling consumption sector and faltering private sector job growth is likely to disappoint the markets, potentially leading to underperformance in consumption-related sectors, says Jitendra Gohil, Chief Investment Strategist, Kotak Alternate Asset Managers Limited."We maintain our cautious stance…

One97 Communications to expand its existing relationships with leading third-party banks

Feb 1, 2024

New Delhi, Feb 1 (IANS) One97 Communications (OCL) has said that it has been informed by its associate, Paytm Payments Bank Limited (PPBL), that the Reserve Bank of India (RBI) vide its press release dated January 31, 2024 has given it…

Business

CSIR-CIMAP launch mobile app, Aloe Roma gel

Feb 1, 2024

Lucknow, Feb 1 (IANS) The CSIR-Central Institute of Medicinal and Aromatic Plants (CIMAP) has come up with a farmer-friendly CSIR-Aroma android mobile app, offering solutions to all crop-related problems, a herbal skincare product ‘Aloe…

Business

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…

Business

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…

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