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Expert View: India budget to raise capex by 33% as jobs, infrastructure take priority  India's government will raise its capital expenditure by 33% to 10 trillion rupees ($122.29 billion) in the next fiscal year, the finance minister said on Wednesday, as Prime Minister Narendra Modi tries to create jobs ahead of a general election. Since taking office in 2014, Modi has ramped up capital spending including on roads and energy, while wooing investors through lower tax rates and labour reforms, and offering subsidies to poor households to clinch their political suppo...
Expert View: India budget to raise capex by 33% as jobs, infrastructure take priority
Expert View: India budget to raise capex by 33% as jobs, infrastructure take priority
Source: Reuters
1/02/2023 1:00:22 PM
INSTANT VIEW India's November retail inflation eases to 5.88% y/y  India's annual retail inflation eased to 5.88% in November from 6.77% in the previous month, helped by a slower rise in food prices, government data showed on Monday. The Dec. 5-8 Reuters poll of 45 economists had predicted the second consecutive decline in inflation to an annual 6.40% from 6.77% in October. COMMENTARY SUJAN HAJRA, CHIEF ECONOMIST, ANAND RATHI, MUMBAI "Retail inflation and industrial production data released today came substantially below our and co...
INSTANT VIEW India's November retail inflation eases to 5.88% y/y
INSTANT VIEW India's November retail inflation eases to 5.88% y/y
Source: Reuters
12/12/2022 6:24:47 PM
India's November retail inflation eases below 6% for the first time this year India's annual retail inflation eased below its central bank's upper tolerance level for the first time this year in November, on the back of softer rise in food prices, easing pressure on policymakers. The annual retail inflation rose 5.88% in November from 6.77% in the previous month, government data showed on Monday. Analysts in a Reuters poll had predicted annual inflation of 6.40% in November. Food prices, which account for nearly 40% of the CPI basket, eased to 4.67% in...
India's November retail inflation eases below 6% for the first time this year
India's November retail inflation eases below 6% for the first time this year
Source: Reuters
12/12/2022 6:20:22 PM
Dharmaj Crop Guard makes a blockbuster debut lists at a 12% premium Dharmaj Corp Guard Limited is an agrochemical company engaged in the business of manufacturing, distributing, and marketing of a wide range of agro chemical such as insecticides, fungicides, herbicides, plant growth regulator, micro fertilizers and antibiotic to the B2C and B2B customers (“The Company”) makes a blockbuster debut on the exchanges to close more than 12% premium to its issue price. The scrip listed Rs 266 per share on BSE and Rs 266.05 per share on NSE, ...
Dharmaj Crop Guard makes a blockbuster debut lists at a 12% premium
Dharmaj Crop Guard makes a blockbuster debut lists at a 12% premium
Source: PR Agency
8/12/2022 5:50:57 PM
Dharmaj Crop Guard Ltd. debuts with 12.23% premium at Rs 266.00 Dharmaj Crop Guard Ltd. makes a strong debut on the bourses with scrip got listed at Rs 266.00 on the Bombay Stock Exchange, a 12.23 per cent premium to its issue price of Rs 237.00. On the National Stock Exchange, the stock was listed at Rs 266.05. The company, which raised 1.06 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 105.97 lakhs shares. The company, listed under B Group Securities post its IPO, opened for...
Dharmaj Crop Guard Ltd. debuts with 12.23% premium at Rs 266.00
Dharmaj Crop Guard Ltd. debuts with 12.23% premium at Rs 266.00
Source: Accord Fintech
8/12/2022 12:55:03 PM
India`s top multiplex chains bank on festive season to bring cheer back A slate of flop Bollywood movies have hit India’s top cinemas hard, leaving the industry to bank heavily on the current festive quarter to revive its fortunes Inox and PVR, the top multiplex operators in the country who reported results this week, both blamed a lack of good content for lackluster second-quarter performance, and said they are betting on the third quarter to put them back on a growth track. "Q3 is crucial (for the companies)," said Karan Taurani, an analys...
India`s top multiplex chains bank on festive season to bring cheer back
India`s top multiplex chains bank on festive season to bring cheer back
Source: Reuters
22/10/2022 12:27:19 PM
India`s August consumer inflation accelerates to 7% y/y India's annual retail inflation accelerated to 7% in August, snapping a three-month downward trend, driven by a rise in food prices, government data showed on Monday. Analysts in a Reuters poll had predicted annual inflation of 6.9% in August, compared with 6.71% the previous month. COMMENTARY KUNAL KUNDU, INDIA ECONOMIST, SOCIETE GENERALE, BENGALURU "Another inflation print of 7% bang in line with our expectation confirms our belief that price pressure is not going to go...
India`s August consumer inflation accelerates to 7% y/y
India`s August consumer inflation accelerates to 7% y/y
Source: Reuters
12/09/2022 6:14:47 PM
'Liger' headed back to the cage after dismal opening-day figures The much-yped 'Liger, which released in theatres on Thursday, seems to be incapable of drawing audiences. The first-day occupancy of the shows have been low, which may show up in a worrisome opening. Film trade analyst Karan Taurani of Elara Capital told IANS: "The current response to ?Liger' is poor. We had earlier estimated that the film will open at Rs 30-35 crore in the South, but the response to the film in Telugu markets has been below par." Going by the trends, ...
'Liger' headed back to the cage after dismal opening-day figures
'Liger' headed back to the cage after dismal opening-day figures
Source: IANS
26/08/2022 9:15:22 AM
Elara Capital maintains 'buy' call on PVR, INOX Financial advisory firm Elara Capital has maintained a 'buy' call for both multiplex companies PVR and INOX Leisure. Both film exhibition majors on Sunday announced a merger and their boards have approved an all stock amalgamation. Shareholders of INOX will receive shares of PVR in exchange of shares of the former at the approved exchange ratio, as per a statement. "We maintain our Buy rating on both PVR/Inox; currently have a target price of Rs 2,375 and Rs 575, will monit...
Elara Capital maintains 'buy' call on PVR, INOX
Elara Capital maintains 'buy' call on PVR, INOX
Source: IANS
28/03/2022 9:13:43 AM