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Centre's FY27 fiscal deficit may exceed Budget target by Rs 1.2 lakh crore: SBI Research
The central government's fiscal deficit is likely to exceed the budget estimate by Rs 1.2 lakh crore in 2026-27, largely due to structural factors such as an increase in fertiliser, LPG and petroleum subsidy expenditure and the new GDP base impact, according to a report....
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Government has fiscal headroom to absorb Rs 50,000 crore revenue loss from LTCG tax abolition: SBI Research
The government could abolish long-term capital gains (LTCG) tax across investor categories without significantly disrupting its fiscal consolidation plans, as the revenue loss may be limited to Rs 40,000-50,000 crore in FY28, according to a report by SBI Research.
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India will become the world’s largest economy by end of the century, predicts top economist Jeffrey D Sachs
By the end of the century, India will have twice China’s population and become the world’s largest economy, renowned economist Jeffrey D Sachs said.
Speaking at the World Symposium on "Ancient Wisdom for Modern Challenges" in Varanasi, Sachs said the world had entered a multipolar era in which ci...
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Speak confidently about economy’s resilience: FM
Finance Minister Nirmala Sitharaman on Monday urged Indians to shed cynicism and speak more confidently about the economy, saying the country’s resilient growth, strong fundamentals, robust GST collections and stable leadership under Prime Minister Narendra Modi warranted greater optimism despite gl...
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South Korea October Headline Inflation Moderates Ahead of Expected Rate Hike
South ?Korea's ?headline inflation slowed ?in October, government data showed ?on Tuesday, providing a slight reprieve for ?central bankers but remaining ?firmly above target.
Consumer prices rose ?2.8% ?year-on-year in October, down from a 2.9% gain ?in September and nearly matching a 2.85% incr...
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China to Raise FX RRR to Slow Pace of Yuan Gains
China's central bank ?said ?on Tuesday that it ?will raise the amount of foreign currency ?that financial institutions must hold as reserves, a move aimed at tightening ?dollar liquidity conditions and ?slowing the pace of recent yuan gains.
The People's Bank ?of China (PBOC) ?said it would raise...
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Source - Yahoo India Finance @ 03:11 |
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| Indian Corporate |
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Adani Group to seek $1.5 billion for data center financing
Adani Group, controlled by India’s richest man Gautam Adani, is seeking to borrow about $1.5 billion to help finance its expansion into data centers, according to people familiar with the matter.
AdaniConneX Pvt., a joint venture with data center operator EdgeConneX, is in talks with lenders in...
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Arvind draws up plans to scale up garment business
Arvind Ltd. is considering an aggressive expansion of its garment business, with the company working on a growth model that could take the segment’s growth rate to 25%, from 15%at present.
The company is evaluating large greenfield investments, which its management has described as being on a sca...
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ITC Q2 results: Net profit falls 20% to Rs 4,137 crore, revenue rises 44%
ITC Ltd on Monday reported a 20.1% year-on-year decline in standalone profit after tax to Rs 4,137.12 crore for the September quarter of FY27, compared with Rs 5,175.70 crore in the corresponding quarter last year. Lower earnings from its cigarette business outweighed gains in other consumer goods, ...
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NALCO Q2 profit rises 28% to Rs 1,835 crore; declares Rs 4.50 interim dividend
National Aluminium Company Ltd (NALCO) on Monday reported a 28% year-on-year increase in standalone profit after tax to Rs 1,835.09 crore for the September quarter of FY27, compared with Rs 1,433.17 crore in the corresponding quarter last year.
Revenue from operations rose 26.3% to Rs 5,419.44 cr...
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Power Grid Q2 Results: Net profit rises 8.4% to Rs 3,866 cr; declares Rs 3 interim dividend
Power Grid Corporation of India (POWERGRID) reported an 8.4% year-on-year increase in consolidated net profit to Rs 3,866.16 crore for the second quarter of FY27, compared with Rs 3,566.08 crore in the corresponding period last year.
Consolidated revenue from operations rose nearly 3% to Rs 11,81...
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| Global Corporate |
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Disney Eyes Thousands of Layoffs, Managers Asked to Cut 20% in Costs, Bloomberg News Reports
Walt Disney ?is eyeing ?thousands ?of job ?cuts ?and is ?asking some managers ?to ?target 20% in ?annual ?cost ?savings, Bloomberg News ?reported on ?Monday, ?citing ?people familiar with the matter.
Reuters ?could not immediately verify the report....
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Pakistan suffered $40 billion in economic losses due to suspension of trade with India: PIBC chief
Pakistan has suffered an estimated USD 40 billion in economic losses since trade with India was suspended in 2019 following the Pulwama terror attack and subsequent escalations, the head of a business advocacy group said Monday.
Chairman of the Pak-India Business Council Noor Muhammad Qasuri also...
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Why is Microsoft borrowing $25 billion after offering buyouts to 60,000 employees?
Microsoft is turning to debt markets to raise $25 billion as its artificial intelligence (AI) ambitions push up infrastructure costs, just days after offering voluntary exit packages to around 60,000 employees across India, the US, Canada and the UK. The timing of the two moves has drawn attention a...
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Anthropic revised S-1: Q3 revenue hits $16.96 bn, spending reach $895.4 bn
Anthropic’s revenue rose sharply in the third quarter, its net loss narrowed from the previous quarter, according to an amended filing with the US Securities and Exchange Commission (SEC) on Monday. The artificial intelligence (AI) company reported revenue of $16.96 billion for the three months ende...
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