“In Q1 of 2023-24, the discrepancy of 2.8 per cent has a plus sign. This indicates that the expenditure side has explained only 97.2 per cent of the income side,” V Anantha Nageswaran said in an op-ed article.
Rising political tension may contribute to downgrade, says agency, cites Manipur
The purchase consideration payable by the company for the purchase of 100 per cent of SMG’s equity shares will be discharged by way of issue and allotment of 1.23 crore equity shares of the company having face value of Rs 5 each to SMC, at a price of Rs 10,420.85 per equity share, on a preferential basis.
The outlook for January-March 2024, calculated by subtracting the percentage of employers who anticipate reductions to staffing levels from those who plan to hire, stood at 37 per cent, up 5 per cent from the corresponding period of 2023, and same when compared with the last quarter.
In the intraday session, Sensex touched an all time high of 67,927.23, while Nifty 50 crossed the 20,200 mark, and hit 20,222.45.
The first advance estimate, released by the National Statistical Office (NSO) earlier this month, said the country’s economy is expected to grow at 7.3 per cent in the current fiscal.
All sectors closed on a negative note, as Nifty IT slipped 2.19 per cent, followed by Nifty FMCG at 1.91 per cent, Nifty Media at 1.40 per cent, Nifty PSU Bank at 1.13 per cent, and the consumer durables index at 1.12 per cent.
The regulator in its board meeting held on Thursday announced a set of measures to provide flexibility to the existing LC framework. It had issued a consultation paper in August this year on ‘Review of framework for borrowings by Large Corporates’.
The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform expectations may need still more restraint.
Firm valued at more than Rs 7 trillion