The central government on Wednesday approved the Mutual Credit Guarantee Scheme (MCGS-MSME). Its purpose is to promote micro, small and medium enterprises. The scheme fulfills the promise made in the previous budget and has been implemented a few days before the Union Budget of 2025. Large debt will be available with 60% guarantee cover Under … Read more
FMCG company Dabur India Limited announced its December quarter result on Thursday. During this period, the company recorded an increase of 1.85 percent in net profit and earned Rs 515.82 crore. Dabur India said in the regulatory filing that in the same quarter of last year, the company had recorded a net profit of Rs … Read more
If you are an investor of Jindal Stainless, then there is good news for you! The country’s large stainless steel company Jindal Stainless Limited (JSL) has announced to give 50% interim dividend for the financial year 2024-25. In easy language, every stock with ₹ 2 face value will get a dividend of ₹ 1. That … Read more
Kotak Mutual Fund introduced MSCI India ETF on Wednesday. It is the first fund in the country to track MSCI India index. MSCI India Index is used by global investors to invest in India. The index has 156 large and midcap companies in the Indian market that covers about 85 per cent of the Indian … Read more
The government bank, lending to the decaying telecom company Metropolitan Telephone Corporation Limited (MTNL), may agree to incur 20 per cent losses in its debt of Rs 8,144 crore in the company. The loan given by banks to this government-owned telecom company has become a non-performance and NPA. The MTNL joint lender forum recently discussed … Read more
The industry has demanded Finance Minister Nirmala Sitharaman to carry forward the export incentive scheme RoadTap. The industry has requested to extend the duty and tax exemption (Rhodtep) scheme on export products for export -oriented units (EOUs) and Special Economic Areas (SEZs) till 30 September. The Union Budget of FY 2025-26 will be presented on … Read more
State Bank of India (SBI) supported SBI Cards and Payment Services (SBI Card) once again recorded a soft -quarterly demonstration. For this reason, after the December quarter results, the enthusiasm of analysts has faded on this stock. SBI card shares on the broker path fell 6 per cent to a low of Rs 712.15. However, … Read more
Passenger and commercial vehicle sector veteran Tata Motors has fallen by 22.4 percent in net profit by 22.4 per cent over the previous year and has come down to Rs 5,451 crore. This happened due to a sluggish increase of 2.7 percent to Rs 1,13,575 crore. The company recently increased the price in commercial and … Read more
Rashmi Saluja, Executive Chairperson of Railways Enterprises, has filed an application in the Delhi High Court against the removal of her from the post of Director of Financial Services Firm stating that her appointment is valid till February 2028. In the upcoming annual general meeting on 7 February, Railigare is going to bring a proposal … Read more
Electricity generated from sugarcane khoi was once said to be the main alternative source of Chinese region’s earnings. But in FY 2024, the total power of power in Uttar Pradesh in the total electricity generated from renewable energy declined to 41 percent. This is the lowest in the last six years. According to data from … Read more