Saturday, October 24
Union Budget: Prime Minister Narendra Modi-led government, who will present their first full fledged Budget of third term, will require a big booster for its economic growth to touch 7 per cent in FY26, from an expected 6.3 per cent in FY25, according a report by SBI Mutual Fund. As per the report, the need for measures to enhance revenue expenditure and bring positive changes to income tax policies are needed. According to the analysis, India currently faces a demand-side challenge, even though the supply side is robust. Banks are prepared to extend credit, and corporations are ready to leverage opportunities, but an adequate push to demand remains missing.Read More: Budget 2025 can position India as the world’s China Plus One hub with manufacturing prowessIt said "the challenge is that
Waaree Energies Limited, India’s largest manufacturer of solar PV modules with an installed capacity of 13.3 GW, has signed a definitive agreement to acquire 100% of Enel Green Power (EGP) India from Enel Green Power Development S.R.L. The value of acquisition currently stands at Rs 792 Cr, subject to customary closing adjustments, the company said in a press statement. EGP India operates a renewable energy platform with a net capacity of about 640 MWAC (760 MWDC), consisting of solar and wind projects (including projects jointly owned with a partner where majority equity stake is with EGP India), and has a project pipeline of around 2.5 GW across various states in India. By integrating EGP India’s portfolio, we have a strong runway for additional business opportunities. We are excited
Just Dial on Friday reported a net profit of Rs 131.31 crore for the quarter ended December 31, 2024 which was up 43% over Rs 92 crore reported in the year ago period. The Reliance Retail Ventures promoted company reported net revenues at Rs 287.33 crore in Q3FY25, higher by 8.4% over Rs 265 crore reported in the corresponding quarter of the previous financial year.The October-December quarter earnings were announced after market hours and shares of Just Dial today ended at Rs 1034.60 on the BSE, down by Rs 40.35 or 3.75% over the Thursday closing price.Just Dial QoQ performanceThe profit after tax in the reported quarter was down 15% on a quarter-on-quarter basis versus Rs 154 crore reported by the company in Q2FY25. The net revenue from operations was marginally higher on a sequential ba
