[ad_1] The all-India average cement price rose 5.7% year-on-year to ₹390 per 50 kg in the June 2022 quarter. essence Samples’ total revenue for the June quarter is expected to grow 37.2% year-on-year, according to ETIG estimates. This will be the sixth consecutive quarter for double-digit topline growth. Net profit is likely to grow 43.6% on account of a sharp jump of three times in the year-ago quarter due to a lower base in the June 2020 quarter, which was badly hit by the first Covid wave. Mumbai: Nifty 50…
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Bajaj Finance Share Price: CLSA continues sell-off on Bajaj Finance, City Bullish on Marico
[ad_1] New Delhi: Ahead of corporate earnings for the June quarter, foreign brokerages have come out with their reports on select domestic companies. While they remain mixed on the financials, the views on FMCG suggest a promising outlook for the sector. CSLA maintains its sales rating Because growth has slowed down from pre-covid levels. Its target price on the stock is Rs 5,000, indicating a decline of over 13 per cent from current levels. CLSA said customer acquisition is strong but AUM growth was in line with expectations and valuations…
Read MoreBajaj Finance Share Price: CLSA continues sell-off on Bajaj Finance, City Bullish on Marico
[ad_1] New Delhi: Ahead of corporate earnings for the June quarter, foreign brokerages have come out with their reports on select domestic companies. While they remain mixed on the financials, the views on FMCG suggest a promising outlook for the sector. CSLA maintains its sales rating Because growth has slowed down from pre-covid levels. Its target price on the stock is Rs 5,000, indicating a decline of over 13 per cent from current levels. CLSA said customer acquisition is strong but AUM growth was in line with expectations and valuations…
Read MoreSmall Finance Bank: Will bearish market conditions prove to be a hindrance to AU SFB’s solid journey?
[ad_1] The lending base of small finance banks and private banks differ significantly. The Reserve Bank of India (RBI) has limited the amount that SFBs can lend; Private banks have no such restriction. essence AU Small Finance Bank, Ujjivan Small Finance Bank, Equitas Small Finance Bank and Suryodaya Small Finance Bank are the four small finance banks (SFBs) that are listed on stock exchanges in India. Some players are facing internal governance challenges, and some have been badly hit by the pandemic. AU Small Finance Bank is one of those…
Read MoreFree Meal Scheme: Finance Ministry red-signs extension of free meal scheme
[ad_1] Finance MinistryThe Department of Expenditure has argued against expanding free food After september, do ration scheme or something big tax deduction, warning of consequences for the financial position of the government. The government expanded the Pradhan Mantri Garib Kalyan Anna Yojana (Pradhan Mantri Garib Kalyan Anna Yojana) in March.PMGKAY) from six months to September. The government has kept a budget of ₹ 2.07 lakh crore for food. subsidy In FY23, lower than the revised ₹2.86 lakh crore for FY22. With the extension of PMGKAY till September, the subsidy bill…
Read MoreFinance minister should reconsider – The Economic Times
[ad_1] It means ‘We withdrew the incentive last year!’ (ET, March 4). TT Ram Mohan has rightly suggested that the tax-GDP ratio measures structural reform. The finance minister should reconsider his medium-term debt-GDP target. It seems strange to lose substantial revenue by cutting IT rates. If oil crosses the level of $75-80, the finance minister will have to increase petro product prices and borrow more. Prices in most sectors like FMCG are increasing rapidly due to hike in excise duty and fuel taxes. Macro-economic conditions such as heavy government borrowing,…
Read MoreFinance minister should reconsider – The Economic Times
[ad_1] It means ‘We withdrew the incentive last year!’ (ET, March 4). TT Ram Mohan has rightly suggested that the tax-GDP ratio measures structural reform. The finance minister should reconsider his medium-term debt-GDP target. It seems strange to lose substantial revenue by cutting IT rates. If oil crosses the level of $75-80, the finance minister will have to increase petro product prices and borrow more. Prices in most sectors like FMCG are increasing rapidly due to hike in excise duty and fuel taxes. Macro-economic conditions such as heavy government borrowing,…
Read MoreIndiabulls Housing Finance: Big movers on D-St: What should investors do with Suzlon, Indiabulls Housing Finance and IIFL Finance?
[ad_1] The Indian market closed nearly 2 per cent lower on Friday, pushing the S&P BSE Sensex below 55,000 while the Nifty 50 slipped below the 16,300 level. The sector witnessed selling pressure in oil & gas, technology, energy and banks, while some buying was seen in the telecom sector. The stocks that were in focus included names like Which fell more than 3 percent, which fell more than 4 percent, and which rose more than 7 percent on Friday. Viral Chheda, Technical Analyst at SAJ Finance & Securities shares…
Read MoreFiscal spending will drive growth: Finance Minister Nirmala Sitharaman
[ad_1] Finance Minister Nirmala Sitharaman on Monday said economic growth will continue to boost investment along with fiscal spending. It will “speed up the economy based on the idea of growth at the macro level complemented by all-inclusive welfare at the micro level”, she said. Sitharaman was speaking at a virtual meeting of BRICS group finance ministers and central bank governors. The statement underscores the government’s continued focus on capex, as it bets big on its high multiplier effect. The Center has budgeted a capital expenditure of Rs 7.50 trillion…
Read MoreList of Major Amendments made by Finance Act 2022
[ad_1] List of Major Amendments made by Finance Act 2022 section description 2(12a) Amendment in the definition of ‘books of account’ 2(42c) Revision of the definition of slump sales 10(4E), 10(4F), 10(4G), 56(VIB), 80LA Tax Incentives to IFSC 12AB, 115BBI, 271AAE, 10(23C), 115TD Rationalization of provisions of charitable trusts and institutions 14a Explanation that disclaimer under section 14A shall be made even if no exempt income has been earned during the year. 17(2) , 56(2)(x) Exemption in amount received on medical treatment and death due to Kovid-19 37 Clarification on…
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