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Thursday, 01-Feb-2024
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Core sector growth slumps to 14-month low of 3.8% in Dec 2023The Hindu Business Line
01-Feb-2024
The eight core industries’ output growth slumped in December 2023 to 14-month low at 3.8 percent. The latest reading was much lower than 8.3 percent growth recorded in the same month in the previous year. The latest print was also lower than 7.9 percent growth recorded in November 2023. For the April-December 2023 period, core industries’ growth came in at 8.1 percent, the same level as the year ago. In December 2023, other than crude oil, which contracted 1 percent, all the seven other industries recorded positive growth. |
GST collection rise 10% in Jan to over Rs1.72-lakh croreThe Hindu Business Line
01-Feb-2024
With improved compliance, collection through Goods & Services (GST) surged to over ₹1.72-lakh crore, the Finance Ministry reported on Wednesday. This is the second all-time highest collection and the third time in the current fiscal when collection crossed ₹1.70-lakh crore. January collection, related with goods consumption and services availed in December, is 10 per cent higher than the corresponding month of the last fiscal. With overall collection during 10 months of the current fiscal reaching ₹16.69-lakh crore, showing a growth of over 11 per cent over the 10-month period of the last fiscal, experts feel that full-year collection will exceed the Budget estimate. |
Maruti Suzuki Q3 net vrooms 33% to Rs3,206 cr on robust salesThe Hindu Business Line
01-Feb-2024
Maruti Suzuki India (MSIL), the country’s largest manufacturer of passenger vehicles (PVs), reported consolidated revenue of ₹33,512 crore for the third quarter (Q3) ended December 31, 2023.This represents a 14.56 per cent year-on-year (y-o-y) increase compared to ₹29,251 crore in the same period of the previous fiscal year. |
At Rs9.82-lakh cr, fiscal deficit for April-Dec narrows to 55% of BEThe Hindu Business Line
01-Feb-2024
The government’s fiscal deficit for the first nine months of the current fiscal stood at 9.82 lakh crore or 55 per cent of the annual estimates, government data showed on Wednesday. The fiscal deficit has narrowed down from 59 per cent reported in the comparable period a year earlier. |
Govt will follow the poll year tradition of interim budget: PMThe Hindu Business Line
01-Feb-2024
Prime Minister Narendra Modi on Wednesday said that the government will “follow tradition” in the interim budget. He simultaneously targeted the Opposition for “frequently disrupting” Parliamentary proceedings. “Traditionally, when elections are imminent, the complete budget is not presented. We will adhere to this tradition and present the full budget after the formation of the new government. This time, the country’s Finance Minister, Nirmala Ji, will be presenting her budget tomorrow with some guiding points,” Modi said in his customary remarks before the beginning of the last session of the 17th Lok Sabha while greeting media persons with ‘Ram-Ram’. |
Go short now on zincThe Hindu Business Line
01-Feb-2024
Zinc futures (February contract) on the Multi Commodity Exchange (MCX) rebounded sharply on the back of the support at ₹220. While it made a high of ₹230.25, the contract moderated, and it closed at ₹227.65 on Tuesday. |
Rupee rises 6 paise to close at 83.04 against US dollarThe Hindu Business Line
01-Feb-2024
The rupee appreciated 6 paise to 83.04 (provisional) against the US dollar on Wednesday, supported by a firm trend in domestic equities. Market participants remained cautious ahead of the interim Budget, scheduled to be presented on February 1, traders said, adding that a strengthening American currency in the overseas market also capped the sharp gain in the local unit. At the interbank foreign exchange market, the rupee opened at 83.11 against the greenback. The unit hit an intraday low of 83.12 and a high of 83.01. |
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