Ind-Ra sees fiscal slippage of 10 bps in FY24

The higher-than-budgeted expenditure on subsidies and rural employment guarantee scheme coupled with a lower-than-budgeted nominal GDP growth is likely to push the fiscal deficit up by 10 basis points (bps) to 6.0% of GDP in FY24, India Ratings and Research (Ind-Ra) said in a note. The Budget has pegged the nominal GDP growth at 10.8% […]

Tatas top the pecking order in shareholder numbers

Tata group, with 29 listed companies, topped the list of business conglomerates in terms of number of shareholders, with a base of nearly 20 million as of March-end. Reliance Anil Dhirubhai Ambani (R-ADAG) group captured the second spot with 7.37 million shareholders. Among individual companies, Yes Bank topped the pecking order with 5.06 million shareholders, […]

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