Budget to focus on fiscal consolidation while pushing private capex

New Delhi (IANS) Union Budget 2022 will focus on gradual fiscal consolidation while pushing public capex, creating a conducive environment for private capex, and raising resources via strategic divestments, Morgan Stanley said in a report.

The…

ICICI Bank best performer in banking with 42 percent returns in FY22

New Delhi (IANS) ICICI Bank has been the best performer in the banking sector as it delivered 80 per cent/42 per cent returns over FY21/FY22 Year to date, Motilal Oswal Institutional Equities said in a report.

Its market capitalization ranking…

Apple, Samsung give $5 bn thrust to India's local manufacturing scheme

New Delhi (IANS) As India renews its thrust on local manufacturing of electronics under the production-linked incentive scheme (PLI) with Union Budget 2022-23 around the corner, Apple and Samsung alone are expected to manufacture/assemble smartphones…

Vikram Dev Dutt named Air India's new CMD

New Delhi (IANS) Senior bureaucrat Vikram Dev Dutt was on Tuesday named as the new Chairman and Managing Director of Air India.

The Appointments Committee of the Cabinet (ACC) approved Dutt's appointment as the CMD of Air India in the rank…

Markets stable in last 10 years' pre-Budget trade, bloomed afterwards

Mumbai (IANS) In the last 10 years, Indias key equity indices have mostly been range-bound during pre-Budget days, only to bloom after the tabling of the Bill in the Parliament.

In fact, the Union Budget remains the most important trigger for…

Equities rise for six straight sessions

New Delhi (IANS) The 30-scrip Sensitive Index (Sensex) and broader 50-scrip Nifty on the National Stock Exchange extended its gains from the past week and traded in the green in early trade on Monday.

Notably, indices had been gaining for the…

Rationalise tariffs on mobile phone parts in Union Budget: ICEA

New Delhi (IANS) Ahead of the Union Budget 2022-23, the India Cellular and Electronics Association (ICEA) on Monday urged the government to rationalise tariffs on inputs for parts and components of mobile phones and revisit basic customs duty on high-end…

Cryptocurrencies could attract tax rates similar to lottery, TDS provisions

New Delhi (IANS) If the government does not prohibit Indians from dealing in cryptocurrencies, it could introduce a regressive tax regime for cryptocurrencies, according to Taxmann.

Taxmann said in a note that a Bill was expected to be presented…

Lenders expected to exhibit strong Q3FY22 results

New Delhi (IANS) Listed lenders in India's equity markets are expected to report 'optically' strong earnings growth for Q3FY22, said HDFC Securities in a report.

Accordingly, the brokerage house expects its coverage universe of…

Impex Impact: Wider trade deficit to weaken rupee

Mumbai (IANS) Rising trade deficit along with prospects of a rate hike by the US Fed is expected to subdue the Indian rupee during the upcoming week.

Accordingly, the rupee is expected to range from 73.80-74.70 to a USD.

Last week, rupee…