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NexGen Energia plans to invest Rs 15,000 cr over 10 yrs to open 5,000 green diesel, CBG pumps
NexGen Energia plans a Rs 15,000 crore investment to establish 5,000 green diesel and CBG pumps across India over the next decade. The initiative aims to reduce fuel imports by 30% and create jobs for 10 lakh people. The company also expands into electric vehicles with affordable two-wheelers and upcoming electric trucks and buses.
ITR-1 (Sahaj) can be filed if your income is below Rs 50 lakh; Check if you are eligible or not
ITR filing: As per CA Shreya Jaiswal you can file ITR-1 only if your total income does not exceed Rs 50 lakh during FY 2023-24 (AY 2024-25) and provided you have satisfied certain other conditions as prescribed. However if you even have Re 1 of capital gains or loss you won't be able to file ITR-1
Mazagon Dock m-cap tops Rs 1 lakh crore
Mazagon Dock Shipbuilders' market cap crosses ₹1 lakh crore as stock hits record high. Defence sector stocks rally on inflows from new funds and budget expectations. Analysts recommend holding investments at current valuations.
Food services market in India to reach Rs 10 lakh crore by 2030: Report
The food services market in India is set to reach Rs 10 lakh crore by 2030, with an estimated customer base of up to 45 crore, driven by an 18 per cent CAGR in online food delivery. Currently valued at Rs 5.5 lakh crore, the market is expected to grow at 10-12 per cent annually, with online delivery contributing 20 per cent by 2030, fueled by expanding customer base, digitisation, and regional diversity.
PJTL lenders agree for Rs 1,020 crore one-time settlement
Lenders of Panipat Jalandhar NH 1 Tollway (PJTL) have agreed to a one-time settlement on Rs 3400 crore dues, accepting a Rs 1,020-crore all-cash offer from promoters Roadis Group and Soma Enterprises. The settlement, impacted by farmers' agitation, is subject to approval by all ten lenders in the consortium. SBI is the largest creditor.
We got Rs 1.08 cr aide from govt: Kin of deceased Agniveer
Singh was speaking after Leader of Opposition in the Lok Sabha Rahul Gandhi, while referring to the Agnipath military recruitment scheme, claimed the government regards Agniveers as "use-and-throw labourers" and does not even give them the status of a "shaheed (martyr)".
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Promoter selling can cross Rs 1 lakh crore mark as retail investors buy using MFs
With retail investors continuing to be on a buying spree using the mutual fund route, the trend of stake sale by promoters in NSE500 companies looks on track to cross the Rs 1 lakh crore mark.
ED searches 35 Amtek premises in bank fraud case worth over Rs 20,000 crore
Enforcement Directorate searched Amtek Group at multiple locations for a bank fraud case of over ₹20,000 crore, uncovering details of share rigging and assets in shell companies.
Goldman Sachs sells 44.20 lakh shares worth Rs 183 crore in Paytm via block deal
As per the shareholding data of One 97 Communications, Goldman Sachs Singapore held 84,01,067 shares or 1.32% stake in the fintech payment platform. Paytm shares on Tuesday settled in the red, breaking their two-sessions winning streak.
Kuwait fire: Kerala govt to provide Rs 5 lakh assistance to kin of those from state who died
The Kerala government announced a Rs 5 lakh financial aid to the families of the 19 individuals from the state who lost their lives in the Kuwait fire tragedy, where 49 people perished and 50 sustained injuries. Additionally, Rs one lakh assistance will be given to the injured. Health Minister Veena George will be dispatched to Kuwait to oversee treatment for the injured and repatriation of the deceased.
SBI Mutual Fund first one to cross Rs 10 lakh crore AAUM milestone
SBI Mutual Fund became the first in India to surpass Rs 10 lakh crore in Average Asset Under Management (AAUM) on June 3, 2024, with a 27% growth. This achievement reflects the trust of investors and partners in the fund house's offerings.
Equity MF inflows surge 83% to Rs 34,697 crore in May; debt flows plunge 78%
In May, equity mutual funds experienced a notable 83% increase in inflows to Rs 34,697 crore from April's Rs 18,917 crore. Sectoral/thematic funds saw a remarkable 272% surge, reaching Rs 19,213.43 crore from Rs 5,166.05 crore in April. Flexi cap funds followed with Rs 3,155.07 crore in May, up from Rs 2,172.93 crore in April.
Modi’s return paves the way for infrastructure ramp up, says Vinit Bolinjkar
I believe that with the RBI having given the government more than one lakh additional surplus, I think there is a lot of room for manoeuvre and to announce all these projects.
RIL investors suffer Rs 1.27 lakh crore loss as stock ends 7.5% lower
Shares of RIL dropped 7.5% on BSE as NDA alliance's election results differed from exit polls, wiping off Rs 1.27 lakh crore from investors. RIL hit an all-time high of Rs 3,029 on June 3, with a market cap of Rs 20.44 lakh crore, now at Rs 18.9 lakh crore.
Kronox Lab Sciences IPO opens on Monday. 10 things to know before subscribing to the issue
Kronox Lab Sciences plans to raise around Rs 130 crore from the issue. The IPO is completely an offer for sale of up to 97.5 lakh shares with no fresh issue component. The current GMP of the company is Rs 80 in the unlisted market.
Income Tax Department seizes record Rs 1100 crore cash and jewellery in Lok Sabha elections 2024
The Model Code of Conduct (MCC) came into force on March 16, the day the Election Commission of India announced the dates for the Lok Sabha elections. Since then, the Income Tax Department has been vigilant in monitoring and seizing unaccounted cash and valuables that could potentially influence voters.
RBI's balance sheet size is now 2.5x the size of Pakistan's GDP
The Reserve Bank of India's balance sheet grew by 11.08% to Rs 70.48 lakh crore as of March 31, 2024. The RBI's income rose by 17.04%, while expenditure decreased by 56.30%. Consequently, the RBI's surplus increased by 141.23% to Rs 2.11 lakh crore, transferred to the Centre.
Bangladesh MP's friend paid Rs 5 crore to murder him: West Bengal CID
An investigation into the murder of Bangladesh MP Anwarul Azim Anar revealed that a friend paid Rs 5 crore for the killing. Anar, missing since May 13 in Kolkata, was found murdered. Three arrests were made in connection with the case.
RBI approves dividend of Rs 2.11 lakh crore to Centre for FY24, up 140% YoY
RBI DIVIDEND: At its 608th meeting in Mumbai, the Reserve Bank of India approved a dividend of Rs 2.11 lakh crore for the Central government for FY24, marking a 141% increase from FY23's Rs 87,416 crore. This move, reported earlier by ET, aids the Centre in reaching its fiscal deficit target for FY25.
Saving Rs 1 crore could be easy if you know this trick: How to become a crorepati with an SIP of Rs 5,400 per month
Most of you are familiar with systematic investment plans (SIPs) — disciplined investments in mutual funds. You need to use certain tips and tricks of SIP to achieve your financial target quickly. Here comes top-up SIP or step-up SIP. While traditional SIPs offer a regimented savings plan, step-up SIPs automatically increase your investment amount at set intervals. How to use step-up SIP to accumulate Rs 1 crore starting with an investment of Rs 5,400 a month.
India needs Rs 4.2 lakh cr investment to connect 24 cr households with broadband by 2030
According to the break-up provided by Prashant Singhal, fibre deployment will need investments in the range of Rs 2.7-3 lakh crore, passive infrastructure Rs 90,000-96,000 crore, WiFi and in-building solutions Rs 6,600-Rs 9,000 crore, data centres Rs 9,700-Rs 14,100 crore and satellite broadband services Rs 26,000-29,000 crore.
'Mahalakshmi Scheme': Congress leader Sonia Gandhi promises assistance of Rs 1 lakh to women of poor households
Congress leader Sonia Gandhi has announced a financial assistance scheme called 'Mahalakshmi,' offering Rs 1 lakh annually to women from poor households. This announcement comes during the fourth phase of the Lok Sabha elections. Meanwhile, Jairam Ramesh criticized Prime Minister Modi for not responding to Rahul Gandhi's invitation for a debate. The Lok Sabha polls are ongoing in 96 constituencies across nine states and one Union Territory, with significant contests in various constituencies.
Westlife Foodworld Q4 Results: PAT slides 96% to Rs 76.35 lakh
Consolidated total income in the fourth quarter stood at Rs 567.47 crore as against Rs 561.96 crore in the year-ago period, it added.
Borrowing Rs 3.5 lakh cr is DMK govt's achievement, alleges Palaniswami
Palaniswami, also the leader of opposition, alleged that the DMK government has done no good for the people and did not fulfill assurances that would be beneficial to the people and the Stalin-led regime deceived the people.
ICRA predicts moderate credit flow in FY25, bond issuance likely to rise to Rs 10.6 lakh crore
The incremental credit flow was also supported by the all-time high corporate bond issuances of Rs. 10.2 lakh crore in FY2024, resulting in the stock of corporate bonds outstanding rising to an estimated Rs. 46 lakh crore as on March 31, 2024, from Rs. 43.1 lakh crore as on March 31, 2023.
ZEE Media Corporation's arm enters into agreement to invest Rs 8.76 crore in PR firm Newsreach
The investment will be done through subscribing to equity shares and/or convertible equity linked instruments (Optionally Convertible Redeemable Preference Shares) of Newsreach.
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