Centre confident of meeting FY23 fiscal gap target of 6.4%
The fiscal deficit numbers for FY23 will be formally released by the government at the end of May. The second advance estimate for FY23 released on February 28 pegged nominal GDP at ₹272 lakh crore, lower than budgeted ₹273.1 lakh crore. The provisional estimate of the full-year (FY23) GDP will be announced on May 31.
India clears air on chip, ship schemes
While the US has sought details on the types of financial assistance provided under the semiconductor programme and criteria for each downstream good to qualify for the incentive, Canada has asked if the support provided under the shipyards policy is limited to certain sizes or types of ships.
India planning to simplify patent laws to spur R&D: Official
According to the National Education Policy (NEP) 2020, all funding agencies of research in the country will merge into a single entity — National Research Foundation (NRF) — with an objective to catalyse quality research in the country. It will have twin objectives of basic research and high-quality innovation.
Learn with ETMarkets | Direct equity vs equity funds: 4 key differences
Before kickstarting your investment journey, here are four key differences that you must know.
IndoStar Capital Finance promoters to sell 14.2% stake via OFS; floor price at 20% discount
Under the OFS, promoters Indostar Capital and Everstone Capital Partners will offload about 1.93 crore equity shares with a floor price fixed at Rs 95 per unit, a 20% discount from the last closed price of Rs 120. On May 4, the OFS will be available for retail investors, whilst non-retail investors who have placed […]
Tech View: Nifty supports shifting higher after 6 days of rally. What traders should do on Wednesday
The Nifty formed a small bodied bullish candle with minor shadows, indicating that bulls are getting fatigued after the recent rally, according to chartists. The index has been making higher highs in the last six trading sessions, and supports are gradually moving up. The index must hold above 18,081 zones to witness a rise toward […]
Sebi fines Future Corporate Resources, Kishore Biyani, 13 others for open offer lapses
Sebi found that Future Corporate Resources Pvt Ltd (FCRL) along with 14 entities failed to make a public announcement of an open offer following the increase in the shareholding of FCRL in Praxis.
Nail-biter! Nifty bulls have edge over bears in May. Can they reign supreme this time?
The Nifty is expected to rise towards 18,500 in May, following April’s gains of over 3% driven by sustained foreign investor inflows and strong earnings from banking majors in the latter half of the month. While Indian equity markets continue to lag other global peers, data shows that investing in May has produced double-digit return […]
Varun Beverages Q1 results: Net profit rises 69% YoY to Rs 429 crore, stock split announced
Varun Beverages’ revenue from operations grew 37.8% YoY to Rs 3,952.5 crore. Varun Beverages expects approval of equity shareholders of a stock split that involves splitting the existing equity shares into two. The objective behind the stock split is to enhance the liquidity of the firm’s equity shares and encourage small investors to participate in […]
HDFC kick-starts $1 billion Credila sale by picking Jefferies as adviser: Report
India’s biggest mortgage financier, Housing Development Finance Corp (HDFC), has chosen Jefferies Financial Group to manage the sale of HDFC Credila Financial Services. HDFC may seek a valuation of up to $1bn for the unit as it aims to meet regulatory demands ahead of its merger with HDFC Bank. The Reserve Bank of India has […]