766 CRORE SPENT BY 59 PSUS IN FY22

India's Central Public Sector Enterprises (CPSEs) continued to bolster economic activity, exceeding the mandated procurement from Micro, Small, and Medium Enterprises (MSMEs) by 36.34% in the Financial Year 2024, surpassing the required 25%. In tota...

Ten companies, including these three, accounted for 33% of the total spends on CSR in FY23, according to data shared exclusively with ET by primeinfobase.com, an initiative of Prime Database Group.

LIC cuts stakes in 16 PSUs, profit booking seen. Portfolio value surges to Rs 14 lakh crore in 2024, up by Rs 1.6 lakh crore. Market cap of PSU stocks rises to Rs 67 lakh crore.

With expectations of a reversal in the interest rate cycle in the future, investors with a long-term view can consider growth stocks. Growth stocks are those expected to witness a significant jump in their revenues and earnings and are trading at hi...

India's fiscal deficit for April to January, or the first 10 months of this fiscal year, was at 11.03 lakh crore rupees, equivalent to 63.6% of annual estimates, narrowing from the previous year's 67.8%. The government aims to narrow the fiscal gap ...

In Q3 FY24, Titagarh Rail Systems reported a 91.3% rise in profit after tax to Rs 75.03 crore. The company had posted a PAT of Rs 39.22 crore in the year-ago period. Revenue from operations jumped 24.6% to Rs 954.68 crore in Q3 FY24 from Rs 766.40 c...

The 56-pack BSE PSU index has seen its total market value soaring 66% to Rs 59.5 lakh crore, giving investors a profit of Rs 23.7 lakh crore on current market prices. None of the PSU stocks in the list have given negative returns since PM's speech l...

ONGC, IOC, and other oil PSUs plan to invest Rs 1.2 lakh crore in oil and gas exploration, refineries, petrochemicals, and pipelines in the coming fiscal year. ONGC's capital spending will be Rs 30,800 crore, slightly higher than the previous year. ...

While announcing the federal budget for this fiscal year, Finance Minister Nirmala Sitharaman said India aims to narrow the fiscal gap to 5.9% of gross domestic product from 6.4% in the last financial year.

The government will stick to the fiscal deficit target of 5.9 per cent of the GDP as robust tax, non-tax collections will help meet the spending requirement and make up for any shortfall in disinvestment proceeds, Finance Secretary T V Somanathan sa...

As against this, in FY21, the underachievement level was a high 72 per cent, primarily due to the pandemic emergency spending, and had improved to 95 per cent in FY22.

The Trinamool Congress declared the second highest income of Rs 545.745 crore, which forms 16.59 per cent of the total income of the eight national parties, the Association for Democratic Reforms said on Wednesday, citing documents shared by parties...

The government has proposed to increase the total investment by eight state-owned power companies by about 15 per cent to Rs 60,805.22 crore for the financial year 2023-24. This compares to a revised estimate of Rs 52,878.08 crore for the current fi...

India's market cap stood at ₹281 lakh crore on Thursday as against ₹58 lakh crore in FY12. PSUs' market cap increased to ₹37 lakh crore from ₹16 lakh crore in FY12, while the private sector market cap rose to ₹252 lakh crore from ₹41 lakh crore.

Digital marketing solutions firm Brightcom Group, backed by veteran investor Shankar Sharma, topped the list with a whopping 2,360 per cent rise. The stock jumped to Rs 97.4 on March 31, 2022 from Rs 3.96 on March 31, 2021.

The purchases are in line with the government policy to tilt the 'indigenous to imports' ratio decisively in favour of indigenous equipment, with the aim to eventually stop imports, reliable sources told ET. However, the absence of viable alternativ...

This is the fourth revision by the rating agency in its GDP growth forecast for FY2021-22 since March this year. On March 24 this year, it had projected GDP growth for FY22 at 11-11.2 per cent but revised downwards forecast to 10.7 per cent on April...

REC Ltd witnessed highest increase of over 69 per cent in investment to Rs 9,300 crore crore, against Rs 5,500 crore budget estimates for 2020-21. This investment figure was not revised, according to the Budget document presented in Parliament on Mo...

Profit surged to Rs 4,224 crore against a net profit of Rs 2,665 crore during the same period last year. In the second quarter of FY21, profit was Rs 1,657 crore.