Ahead of maturity in September 2024, Adani Group to pre-pay $1.1 billion
NEW DELHI: Adani Group on Monday said that the promoters will pre-pay USD 1,114 million for the release of pledged shares of its firms ahead of the maturity in September 2024. These shares belong to Adani Ports & Special Economic Zones, Adani Green Energy and Adani Transmission, a statement said. “This is in continuation of […]
‘Hum Adani Ke Hain Kaun’: Congress launches fresh attack on Narendra Modi
NEW DELHI: The Congress on Sunday stepped up its attack on the Centre over allegations against the Adani group, alleging that the Modi government’s “loud silence” over the issue “smacks of collusion”. Adani group stocks have taken a beating on the bourses after US-based activist short-seller Hindenburg Research made a litany of allegations, including fraudulent […]
Relax paddy procurement norms to help farmers in Cauvery delta: Stalin
CHENNAI: Ready for harvest paddy crops spread over one lakh hectares in Cauvery delta region has submerged following unseasonal rainfall, Tamil Nadu Chief Minister M K Stalin apprised Prime Minister Narendra Modi on Sunday and urged relaxation of paddy procurement norms including stipulation on moisture content. When paddy (Samba) is all set for harvest this […]
IndiGo parent posts 1,000% jump in profit to Rs 1,422.6 crore in December quarter
NEW DELHI: InterGlobe Aviation, the parent of the country’s largest airline IndiGo, on Friday reported a steep rise in profit at Rs 1,422.6 crore in the three months ended December 2022, primarily fuelled by robust demand for air travel. The company had a Profit After Tax (PAT) of Rs 129.8 crore in the same period […]
Mumbai: Civic budget on February 4; exercise for the first time since 1985 under administrator
NEW DELHI:The budget of Brihanmumbai Municipal Corporation (BMC) for the fiscal 2023-24 will be presented on February 4, the first time since 1985 that the exercise is being undertaken when the term of the corporators have ended and the financial capital’s civic body is under an administrator. The polls to BMC are pending due to […]
India:Union Budget 2023-24 Highlights
NEW DELHI: India’s Finance and Corporate Affairs Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament today. The highlights of the Budget are as follows: PART A Per capita income has more than doubled to ₹1.97 lakh in around nine years. Indian economy has increased in size from being 10th to 5th largest in […]