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Lower income tax would boost FMCG sector growth

Jul 26, 2024

New Delhi, July 26 (IANS) Finance Minister Nirmala Sitharaman decreased income tax and increased standard deduction rebate in the Union Budget 2024-25. This move by the government is likely to boost FMCG sector growth.According to marketing research firm Kantar Worldpanel, "The FMCG sector is expected to register 6.1 per cent yearly growth in FY…

Indian mobile games developer Mayhem Studios raises funds from Lumikai

Jul 26, 2024

New Delhi, July 26 (IANS) Bengaluru-based mobile games developer Mayhem Studios on Friday said it has secured investment from Lumikai, an interactive media and gaming focused venture fund, for an undisclosed sum.Mayhem Studios said it will…

Business

India’s banks stronger than in the past, fuelling economic growth: RBI deputy chief

Jul 26, 2024

Mumbai, July 26 (IANS) The Indian financial system is stronger than in the past and the country’s economy is an outlier which is growing steadily even as the global financial system is facing strong headwinds, according to RBI Deputy…

Business

16.83 crore new jobs created in last 6 years: MoS Karandlaje

Jul 26, 2024

New Delhi, July 26 (IANS) As many as 16.83 crore new jobs have been created in the last six financial years from 2017-18 to 2023-24 , Minister of State (MoS) for Labour and Employment Shobha Karandlaje informed the Parliament.The total…

Business

Indian auto component sector on robust track, to perform well in FY25: Industry

Jul 26, 2024

New Delhi, July 26 (IANS) With strong macro-economic indicators, conducive government policies and over 7 per cent growth projected for the Indian GDP, the auto component industry will continue to perform well in FY25, according to the…

Business

MyGov turns 10: Let’s work towards a Viksit Bharat by 2047, says CEO

Jul 26, 2024

New Delhi, July 26 (IANS) Even as citizen-centric platform MyGov on Friday celebrated 10 years of participatory governance, CEO Akash Tripathi pledged to work towards a Viksit Bharat by 2047. The platform aims to connect with every citizen…

Business

LIC stock hits new lifetime high of Rs 1,178.60

Jul 26, 2024

Mumbai, July 26 (IANS) Shares of state-run insurer Life Insurance Corporation of India (LIC) on Friday touched a new lifetime high of Rs 1,178.60 on the Bombay Stock Exchange (BSE). Earlier the stock had hit its lifetime high of Rs 1,175 a…

Business

Tech Mahindra posts 1.2 pc revenue drop in Q1, PAT up 23 pc at Rs 851 crore

Jul 25, 2024

Mumbai, July 25 (IANS) Global IT services and consulting provider Tech Mahindra on Thursday reported a 1.2 per cent decrease in revenue for the April-June quarter (year-on-year) at Rs 13,005 crore.On a quarterly basis, the revenue went up 1…

Business

Road accidents major cause for increased fatalities in India: MoS Ajay Tamta

Jul 25, 2024

New Delhi, July 25 (IANS) Addressing a session during the 8th Road Safety Conference on 'Future for Safe Ecosystem through Innovative & Sustainable Solutions' organised by The Associated Chambers of Commerce and Industry of India…

Business

Adani Energy Solutions posts 73 pc net profit growth in Q1, revenue surges 43 pc

Jul 25, 2024

Ahmedabad, July 25 (IANS) Adani Energy Solutions Ltd (AESL) on Thursday reported strong results for the April-June quarter, as operational revenue surged 47 per cent to Rs 5,379 crore (year-on-year) while adjusted profit after tax (PAT)…

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