Budget 2024: Here's how markets have reacted to previous Union Budgets
Business | Jan 23, 2024, 06:43 PM ISTUnion Finance Minister Nirmala Sitharaman will be presenting her sixth budget on February 1, 2024.
Union Finance Minister Nirmala Sitharaman will be presenting her sixth budget on February 1, 2024.
Industries in automotive, consumers and retail, technology, media, telecommunication, energy, resources, and industrials expect high growth.
The total income of the bank rose to Rs 33,516 crore in Q3 FY24, compared to Rs 26,798 crore in the year-ago period.
There is a disparity in employers' contributions to building the corpus for employees currently, with contributions up to 10 per cent of basic salary and dearness allowances being exempt from tax for NPS contributions.
Sun Pharma, Bharti Airtel, and Power Grid were the major gainers on the Sensex, while HDFC Bank, Asian Paints, and HUL were among the laggards.
The Union Budget was presented at 5 pm on the final day of February before 1999, following the practice in British India.
The increase in the import duty, effective January 22, is aimed at regulating imports and supporting the domestic economy.
The number of weekly attacks per organisation reached 2,138 in India, a 15 per cent surge since the previous year.
India's stock market value surpassed the USD 4 trillion mark for the first time on December 5, 2023, with significant growth observed in the past four years.
Ayodhya has secured an investment of Rs 49,000 crore at the 2023 Global Investor Summit held in Uttar Pradesh, signalling a new era of economic prosperity for the region.
Foreign portfolio investors made a net investment of Rs 13,047 crore in equities from January 1 to January 19, according to data from the depositories.
The government has allocated a record-high provision of Rs 10 lakh crore for capital expenditure in FY24, a significant increase from Rs 4.39 lakh crore in FY21.
Several companies operating in the consumer space have activated on-ground marketing campaigns by putting up large numbers of hoardings, gate branding, shopboards, and kiosks offering products to devotees arriving in the holy city for the Ayodhya Ram Temple.
The government officially designated Shri Ram Trust as a site of historic significance and a place of renowned public worship for the purpose of Section 80G(2)(b), effective from FY21.
The major contributing sectors were electronics, pharmaceuticals, cotton yarn, fabrics, ceramics, meat, dairy, poultry products, fruits, vegetables, and information technology.
January 22 will be a trading holiday after the Maharashtra government declared a holiday for the consecration of the Ram Temple in Ayodhya. The stock markets will also remain closed on Friday for Republic Day.
ICICI Bank's core net interest income rose by 13.4 per cent to Rs 18,678 crore, while the net interest margin narrowed from 4.65 per cent to 4.43 per cent year-on-year.
Reliance Industries, Tata Consultancy Services, HDFC Bank, Hindustan Unilever, and State Bank of India's market valuations declined among the top 10 companies.
Reliance Industries' gross revenue stood at Rs 248,160 crore, a 3.2 per cent year-on-year increase led by the continued momentum in consumer businesses.
The trading hours for the RBI-regulated markets will be from 2:30 pm to 5 pm on Monday, January 22.
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