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Tuesday, February 6, 2024

National Company Law Tribunal to hear Zee-Sony case on March 12



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Monday, February 5, 2024

Airtel quarter 3 net grows 54% on hike in tariffs

On Monday, Bharti Airtel reported a significant 54% increase in consolidated net profit, reaching Rs 2,442 crore in the December quarter. This growth was primarily attributed to the expansion of high-value customer base and tariff adjustments. In the corresponding period of the previous fiscal year, the company had recorded a profit of Rs 1,588 crore.

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Strata buys Coffee Day Square for Rs 150 crore



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Sunday, February 4, 2024

PM to set vision for New India at Global Business Summit

Prime Minister Narendra Modi is poised to articulate his vision for New India at the 8th edition of the ET Now Global Business Summit scheduled for February 9-10. Joining him, various cabinet ministers will address the summit, focusing discussions on the theme of 'disruption, development, and diversification'.

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RBI may hold rates this week, a year after last hike

The Reserve Bank of India (RBI) is anticipated to maintain interest rates following the conclusion of its monetary policy committee's meeting on February 8th. Despite the significant reduction in the government's fiscal deficit in its interim Budget on February 1st, which has enhanced the potential for an earlier-than-expected rate cut, most bankers and economists predict that the RBI will opt for a status quo.

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No ED investigation either against company or CEO, says Paytm

The Enforcement Directorate is not investigating One97 Communications or its Founder and CEO Vijay Shekhar Sharma for money laundering. Paytm denies any involvement in anti-money laundering activities and states that it has always cooperated with authorities during investigations. The recent RBI order has barred Paytm Payments Bank Ltd from conducting certain transactions after February 29.

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Saturday, February 3, 2024

Indian economy on course to retain growth momentum: ​Finance minister Nirmala Sitharaman

Nirmala Sitharaman, the finance minister, has been spearheading the economic management of the Modi government during its second term. Following the presentation of her consecutive sixth budget, she mentioned that the government deliberately refrained from addressing issues in fragments during the vote on account and chose to wait until the full budget in July for a comprehensive approach. The Finance Minister expresses confidence that the Indian economy is set to maintain its growth trajectory, and the government is poised to effectively control inflation.

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France’s economic woes: Debt nears 122% of GDP, growth forecast at just 0.4%

France is grappling with severe economic challenges, marked by soaring public debt nearing 122% of GDP. With government expenditure exceedin...