Budget 2024: Govt allocates Rs 5,700 crore for loans to foreign govts. Here are the top 10 overseas borrowers
The Indian government has allocated ₹5,667.56 crore as grants and loans to foreign governments for the fiscal year 2024-25. Bhutan is the primary recipient of Indian government grants and loans. The loan provided in the fiscal year 2023-24 exceeded the budget estimates for grants and loans in 2024-25. Finance Minister Nirmala Sitharaman highlighted the challenges […]
Bond yields slump as government cuts market borrowing plan for FY25
In the interim Budget for FY25, the government has pegged the gross and net market borrowing at Rs 14.13 lakh crore and Rs 11.75 lakh crore, respectively. Most experts had pegged the gross market borrowing to be a little over Rs 15 lakh crore. The planned borrowing for FY25 is less than that in FY24. […]
Energy stocks rally up to 7% on Sitharaman’s rooftop solar scheme announcement
Finance Minister Nirmala Sitharaman announced that 1 crore households will receive 300 units of free electricity through the rooftop solar scheme. As a result, green energy stocks including IREDA and Websol Energy surged 5%. Suzlon Energy and Sterling and Wilson rose 4% and 2% respectively.
Adani Ports Q3 Results: Net profit jumps 68% YoY to Rs 2,208 crore
Adani Ports Q3 Results: Revenue from operations in the third quarter rose 44% year-on-year (YoY) to Rs 6,920 crore. Adani Ports reported an EBITDA of Rs 4,293 crore for the December quarter, which is an increase of 59% YoY. EBITDA margins in the reporting period were at 62%.
Railway stocks trade off highs; was FY25 Interim Budget a disappointment?
Shares of railway stocks dipped after Finance Minister Nirmala Sitharaman’s interim budget presentation. The government plans to invest Rs 11.11 lakh crore in the rail sector for 2024-25, including converting 40,000 rail bogies to Vande Bharat standards and creating three rail connectivity corridors.
Infrastructure stocks mixed as Budget lives up to Dalal Street expectations
Analysts had expected government capex to further increase by 10-15% for FY25. In FY24, the government had pegged a capex target of Rs 10 lakh crore. Of the total outlay for FY25, the government has allocated Rs 2.78 lakh crore for the road transport and highways ministry, and Rs 2.55 lakh crore for railways.
Titan Q3 results today: What to expect, key things to track for investors
Titan Ltd is expected to report strong Q3 results with significant growth in consolidated revenues and net profit. However, higher raw material prices may lead to a decline in gross and EBITDA margins. The Jewellery segment is likely to have a strong quarter, with notable growth in gold and coins sales. The Watches & Wearables […]
Adani Twins Q3 results today: What should Dalal Street focus on the scorecard?
Adani Enterprises and Adani Ports are slated to release their earnings for the quarter ended December today. Analysts anticipate a strong performance from Adani Ports due to healthy growth in cargo volumes and sales mix. Investors will focus on the performance of Adani Enterprises’ integrated resource management business, which was impacted in the previous quarter. […]
Hot Stocks: Brokerages view on Paytm, Sun Pharma, M&M Financial and KEC International
There could be revenue and profitability implications in the medium to long term and that would be a key item to monitor.
How has the Sensex performed on Budget days? Take a look at history
The impact of Union Budget on equities has reduced over the years, but it remains significant for Dalal Street. The Finance Minister, Nirmala Sitharaman, will present the Interim Budget for 2024-25 today. The market performance on Budget days has shown negative returns in the past, with the steepest fall in 2020. The recent state assembly […]