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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

Indian economy is showing momentum and the growth rate in the second quarter (July-September) is…

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

hold POSITIONAL  GICRE CMP –  307 SL –    290  ( ON CLOSING BASIS )…

Prime Minister Narendra Modi lauded a successful operation to rescue 41 workers trapped in an under-construction road tunnel in Uttarakhand on Tuesday, asserting that everyone involved in the mission has created an amazing example of humanity and teamwork.Modi also spoke to the rescued construction workers over the phone and enquired about their well-being, officials said.The prime minister said the multi-agency rescue exercise has made everyone emotional.In a post on X soon after the workers were brought out of the Silkyara tunnel in Uttarkashi, Modi saluted the spirit of those involved in the operation and said their courage and resolve have given a new lease of life to the 41 labourers.”Everyone involved in the mission has created an amazing example of humanity and teamwork,” he said.Addressing the 41 rescued workers, Modi said their courage and patience have inspired everyone as he wished them good health and well-being.”It is a matter of great satisfaction that these . via Latest News https://ift.tt/Xl26DNw post

Prime Minister Narendra Modi lauded a successful operation to rescue 41 workers trapped in an…

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टाटा टेक्नोलॉजीज (Tata Technologies) इन दिनों अपने इनीशियल पब्लिक ऑफर (IPO) को लेकर सुर्खियों में…

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