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NEW DELHI : Budgetary allocation for Indian Railways is expected to hit record levels in 2024-25 as the government gears up to support a major makeover for the national transporter with additional modern and faster trains and improved safety features. The capital expenditure (capex) for the railways is likely to be increased by about 25% from the 2023-24 budget estimate, two people aware of the development said. That would take the budgetary allocation to more than ₹3 trillion in 2024-25.

Vibrant Bengal Global Summit. Yes, enthu frontbenchers.

Agniveers into the Army is moving forward well and there has been a positive feedback about them from the field units, Chief of Army Staff Gen. Manoj Pande said on Thursday. Asked at a press conference about reservations against the Agnipath scheme, Gen.

India as the businesses in the country have been leading in terms of investing in social causes, a senior UN official said on Thursday and stressed that business is the key driver that will deliver the sustainable development goals. The United Nations Resident Coordinator in India Shombi Sharp also said that Corporate Social Responsibility (CSR) is indispensable in India's journey, where businesses are at the forefront in the efforts of the country to become a USD 5 trillion economy. «The world needs business and the world needs India and as India leads, the world is following,» he said at a conference on CSR in the national capital.

NEW DELHI : The Vishnu Deo Sai government in Chhattisgarh Thursday declare a holiday in all educational institutions across the state on January 22, on the occasion of 'Pran Pratishtha' ceremony of Shri Ram Mandir in Ayodhya. Declaring a holiday for the educational institutions, state minister Brijmohan Agrawal, who handles the Religious Trust and Endowment, School and Higher Education as well as Culture and Tourism portfolios, said in a presser a weekly free train travel scheme for Ayodhya has also been planned. "As per Prime Minister Narendra Modi's promise, the people of Chhattisgarh will get to travel free by train to Ayodhya to have darshan of Ram Lalla.

By David Lawder

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RBL Bank, said there aren’t signs of weakness similar to two decades ago. “We have a share in the ever-growing segment. We believe that it's going to grow in the mid segment as well as in corporate.

₹14.7 trillion from the receipts made in the same time a year ago, finance ministry said on Thursday, showing strong tax buoyancy. Net direct tax receipts so far this year accounts for 80.61% of the total budget estimates for direct taxes for the current fiscal. The ministry said quoting provisional figures that corporate and personal income tax collections continue to register steady growth.

Arabian Sea tomorrow, Mumbai will get a vital artery which can give a phenomenal boost to business and industry as well as make daily life easier for Mumbaikers. The Mumbai Trans Harbour Link (MTHL), or Atal Setu, as it will be called now, links Sewri in Mumbai to Nhava-Sheva on the mainland in Mumbai Metropolitan Region, establishing faster connectivity between the island city of Mumbai and the Navi Mumbai on the mainland, and decongesting the perennially choked metropolis as well as opening new vistas of development. Spanning 22 km, with a 16.5 km extension into the sea, Atal Setu will shorten travel time between Mumbai and Navi Mumbai to 20 minutes from two hours.

Revenue Growth Analysis: Infosys reported a 1.3% YoY improvement in its consolidated revenue, reaching ₹38,821 crore in Q3 FY24. On a sequential basis, revenue was down by 0.4%. The revenue in constant currency (CC) terms also declined by 1% YoY.

2024 Creta exhibits a more robust appearance in contrast to its predecessor. The outgoing model had a rounded profile, while the new version appears more squared-off. Notable enhancements include fresh LED lighting elements, a lightbar, a redesigned grille, skid plate, and bumper.

₹10 billion ($120 million) to commit to giving away a quarter of their wealth. Governments are doing their part to encourage giving, too. In Singapore, a financial hub where many well-off Asians store their wealth, the government has used a series of tax incentives to promote the city-state as a centre for philanthropy.

ALSO READ: T20 World Cup 2024: 'Can't write off Sanju Samson..,' says Suresh Raina on India's 'toughest competition' While talking about India's spin-bowling lineup for the T20 World Cup, Gavaskareven explained why youngster Ravi Bishnoi has an edge over his contemporaries. "Ravi Bishnoi for me because apart from bowling, he is a very good fielder. He is a better fielder than Kuldeep Yadav and Yuzvendra Chahal," Hindustan Times quoted Gavaskar telling the Star Sports.

TCS Q3 revenue grows 4% YoY, Income rises 8%, dividend at ₹27 per share “The quarter saw us make significant progress in many projects of national importance, demonstrating our execution strength. Our products and platforms had a strong quarter with new wins and go-lives. The MCX platform is scaling well and processing record transaction volumes.

RC Bhargava, Chairman, Maruti Suzuki, says: “We have preferred Gujarat because we have already established for the first site, a vendor base for all the components. These components today are catering to a demand for 750,000 cars a year. If we can make this to 2 million, there would be significant improvements in the economies of scale and therefore lower cost of production of components. And as components are close to 70% of the cost of a car, any reduction in the component cost is a major advantage to us. Secondly, we are going to more than triple exports by the end of this decade. The export of cars is largely taking place through a port in Gujarat.” We are speaking at a time when the Vibrant Gujarat Summit is underway and you have talked about expanding your presence there. What is the rationale for picking up the same state for the next one million units as well? Have you been that comfortable and successful in Gujarat? RC Bhargava: Well let me clarify, the MOU at the moment says that Gujarat is our preferred state for expansion by another one million units a year Now we have preferred Gujarat because we have already established for the first site, a vendor base for all the components.

₹21.5 in January 2021 to around ₹134 currently, rallying almost 525 percent in 3 years. This implies that an investment of ₹10,000 in this penny stock in January 2021 would have turned into ₹62,500 this year. The stock has rallied in January so far, up over 13 percent, after a 6 percent fall in December 2023.

₹38,200 crore. One is a new automobile production plant with an annual capacity of 1 million units, expected to start operation in FY29. The other investment would increase Suzuki Motor Gujarat Pvt.

FAME scheme will help increase penetration of electric vehicles to 25 per cent from the current 5 per cent in India, Kinetic Green Founder and CEO Sulajja Motwani said on Thursday. Motwani, who is also the FICCI National EV Committee Chair, said while India has made a good start towards electric mobility, the next five years will be crucial to establish electric as the preferred technology for mobility amongst consumers. Speaking at Vibrant Gujarat Global Summit in Gandhinagar, she said the FICCI committee had submitted a comprehensive recommendation, including continuation of the FAME scheme, to the government for acceleration of electric mobility. «Certainly, a five-year long term consistent approach to the policy with a five-year demand scheme to take India from 5 per cent to 25 per cent, will be a great step for our nation,» she said.

Read our complete Budget 2024 coverage here An Interim Budget is traditionally supposed to be just a vote-on-account shorn of any mega announcements or benefits to people. The government is likely to stay on the fiscal course-correction glide path in the Interim Budget for FY25, shunning populist spending or incentives ahead of the summer general election, ET has reported recently, based on information from people aware of deliberations on the subject. The government is also concerned that any consumption booster could exacerbate inflationary pressures and jeopardise efforts to rein in prices. At the same time, capital expenditure may be raised again in FY25 from the ₹10 lakh crore budgeted in the current fiscal year to spur economic growth, given its high multiplier effect, including the crowding in of private investment. The government expects to meet the FY24 fiscal deficit target with a higher-than-anticipated revenue mop-up, making up for the increase in spending under some heads. Where does all this leave the taxpayer who expects Finance Minister Nirmala SItharaman to announce income-tax incentives and benefits in the Interim Budget?

Ajmera Realty & Infra India Ltd has recorded sales worth Rs 253 crore during the quarter ended December, up 98% from a year ago. The company’s collections for the quarter grew 30% on-year to Rs 151 crore. The developer sold 1,03,573 sq ft space in the December quarter, up 63% from a year ago.