A 4.5 Km long, 6-lane bridge will soon come up across the river Ganga, connecting two important districts Patna and Saran in the state of Bihar.The decision was taken in the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on Wednesday, approving the vital project. The project is targeted to be completed […]
FMCG major Marico is expected to report a moderate growth in net sales in the range of 1.7-3.6 per cent for the fiscal fourth quarter ended March 31, 2023 on the back of dip in India business. “Marico is likely to see muted sales growth of 1.7 per cent in Q4 mainly due to expected […]
Latest news today (December 25): Presenting FE’s Breaking News today. We will keep you updated on all major news, views and much more throughout the day. President Murmu gives assent to 3 Criminal Law Amendment Bills President Droupadi Murmu has given assent to the three Criminal Law Amendment Bills. Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha […]
Private equity inflows plunged 75.4 per cent to USD 2.2 billion in the March quarter, making it the sixth consecutive quarter of decline, amid global macroeconomic and geopolitical headwinds, according to a report. At USD 2.2 billion of inflows, this is the lowest private equity investment in the country since 2018, when it stood at […]
Tata Starbucks recorded a revenue of Rs 1087 crore in the financial year 2023, up 71 per cent from Rs 635.7 crore the previous financial year. The growth was recorded on the back of growth in the number of retail outlets during the fiscal year. Further, Starbucks’ revenue for the quarter grew 48 per cent […]
Mutual funds inflow for the recently ended financial year 2022-23 jumped 7 per cent to reach Rs 40.05 lakh crore as against Rs 37.70 lakh crore in the previous fiscal. “This figure is testimony to the growing investing resilience of retail investors despite volatile markets,” said Aniruddha Bose, Chief Business Officer, FinEdge. Further, the data […]
Wall Street’s main indexes edged lower on Friday after data showed the economy added jobs at a rapid pace last month, feeding into fears that the Federal Reserve could keep interest rates higher for longer in its fight against inflation.The Labor Department’s nonfarm payrolls report showed 517,000 job additions in January, almost three times expectations […]
By Nagaraj Shetti After showing an intraday upside recovery from the lows on Monday, Nifty witnessed sharp weakness on Wednesday and closed the day steeply lower by 391 points. After opening with a positive note, the market slipped into weakness in the early to mid-part of the session. After the announcement of repo rate hike […]
Year Ender 2023: With less than 4 days left before we bid farewell to this year forever, it becomes imperative to reflect on the transformative events that may have indelibly shaped our collective destiny. As we embark on the journey into the unknown of the coming years, this recap serves as a compass, guiding us […]
Hindustan Unilever on Thursday reported its fiscal fourth quarter net profit at Rs 2,561 crore, up 8.5% on-year, meeting analyst estimates. A CNBC TV18 poll of analysts had expected HUL Q4FY23 net profit at Rs 2,580 crore. The FMCG major posted a revenue of Rs 15,215 crore for the quarter, up 10.5 per cent on-year. […]
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