November 30, 2023

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Indian economy is showing momentum and the growth rate in the second quarter (July-September) is likely to be good, Economic Affairs Secretary Ajay Seth said on Wednesday.The GDP numbers for the second quarter are scheduled to be released on Thursday. The economy grew at 7.8 per cent in the first quarter (April-June) of the current financial year.”India economy showed good momentum in the second quarter. The second quarter numbers should be good”, Seth told reporters on the sidelines of a national workshop on ‘Leveraging private finance for urban infrastructure developments — Learnings from G20 Infrastructure Working Group’.He further said that the fiscal deficit target of 5.9 per cent for the current financial year was feasible despite additional outgo towards food subsidy.”We are confident of meeting fiscal deficit target this year despite the government raising food subsidy for the next five years,” Seth said.The Budget 2023-24 proposes to bring down the fiscal deficit to via Latest News https://ift.tt/DlPdi96 post

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Indian economy is showing momentum and the growth rate in the second quarter (July-September) is likely to be good, Economic...

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hold POSITIONAL  GICRE CMP –  307 SL –    290  ( ON CLOSING BASIS ) TGT – 330 , 350 , 380 FEW DAYS HOLDING stock updates Zomato Chinese payments group Alipay plans to sell its 3.4% stake in food delivery giant Zomato for nearly $400 million through block deals on Wednesday. Tata Power Tata Power’s renewable energy arm gets a letter of award for development for a 200 MW firm and dispatchable renewable energy project with SJVN. Wipro Wipro launches a continuous compliance solution built on Amazon Security Lake in collaboration with Amazon Web Services PCBL The Board of PCBL gave in-principle nod to the acquisition, directly or through one of its affiliates, of 212,172 shares of Aquapharm Chemicals for Rs 3,800 crore. Aster DM Healthcare Aster DM Healthcare Board approved sale of GCC entities to Alpha GCC Holdings for $1.01 billion. Siemens Siemens reported consolidated revenue of Rs 5808 crore in the fourth quarter, up 25% year-on-year, while net profit fell 12% year-on-year to Rs 571 crore. Havells Havells has introduced its Lloyd brand in the Middle East market. IREDA Shares of state-owned IREDA will list on the exchanges today. The stock is expected to debut with a premium of 30% over issue price.’s post

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