Nirmala Sitharaman news conference Live Updates: minister of finance Nirmala Sitharaman on Thursday announced that the govt had approved to supply guarantee of up to Rs 31,000 crore for the bad bank — National Asset Reconstruction Company Ltd (NARCL). Union Cabinet earlier on Wednesday approved a proposal of state guaranteeing […]
Category: Economy
Reliance Industries Q1 results: Profit after tax jumps 67% YoY to Rs 13,806 crore, revenue comes in at Rs 1.44 lakh crore
The largest company in India by market capitalization, Reliance Industries (RIL) on July 23 reported a June quarter profit at RS 13,806 Crore, up 66.7 percent year-on-year (yoy), with normalized tax conditions. The income of oil-to-telecommunications conglomerate reaches Rs 1.44 lakh crore. However, numbers based on sequential impacts due to […]
Centre collected Rs 94,181 crore in April-June 2021 through petroleum duties: Finance Ministry
The central government has collected around Rs 94,181 Crore in revenue through customs in gasoline and diesel from April to June 2021, the State Minister for Finance Pankaj Choudhary said at Lok Sabha on July 19. “Customs rates have been calibrated to produce resources for infrastructure and other development goods […]
Accumulate Infosys; target of Rs 1812: Arihant Capital
Arihant Capital Research Report on Infosys Infosys (Infy) has reported a series of numbers in Q1FY22. CC’s income, INR income above our estimate, and Pat, EBIT is below our estimate. Consolidated Income INR 27,896 CR, + 6% / + 17.9% Qoq / Yoy on our estimates of INR 27,784 CR. […]