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United Spirits reported a consolidated net profit of Rs 485 crore for the first quarter ended June 2024. This is an increase of 2% from Rs 477 crore posted in the last year quarter. Revenue from operations in the June quarter increased 7% year-on-year to Rs 6,238 crore, compared with Rs 5,808 crore in the corresponding quarter of last year.

ICAI on Tuesday said simplifying taxes, improving taxpayer services, providing tax certainty and reducing litigation are the four cornerstones of the tax proposals in the Union Budget. Welcoming the proposals in the 2024-25 Budget, the Institute of Chartered Accountants of India (ICAI) also said the Budget focuses on employment, skilling, MSMEs (Micro, Small & Medium Enterprises) sector and the middle class.

Drinking Water and Sanitation has received a budgetary allocation of Rs 77,390.68 crores for the fiscal year 2024-2025. This figure reflects a minimal increase of only 0.5 per cent from the revised estimate of Rs 77,032.65 crore announced in budget 2023-2024.

Amit Shah on Tuesday said Budget 2024-25 will fuel the country's pace on the path of emerging as a developed nation by ushering in a new era of employment and opportunities. He also said the budget reflects Prime Minister Narendra Modi's «unwavering commitment» to driving economic growth by bolstering India's entrepreneurial power and ease of doing business.

Wall Street's main indexes were subdued at the open on Tuesday, amid a mixed bag of corporate results, as investors awaited Big Tech earnings from Alphabet and Tesla later in the day to assess if the market's recent record rally has momentum to spare. The Dow Jones Industrial Average rose 28.29 points, or 0.07%, at the open to 40,443.73. The S&P 500 opened higher by 0.89 points, or 0.02%, at 5,565.30, while the Nasdaq Composite dropped 24.83 points, or 0.14%, to 17,982.74 at the opening bell.

bankruptcy court in Mumbai directed the successful bidder of Reliance Capital (RCL), Hinduja group-owned IndusInd International Holdings (IIHL) to deposit the equity amount into the escrow account by July 31.

Nirmala Sitharaman has reiterated the government's intention to promote the rupee as an international currency.

fiscal deficit targets are achievable but the government's financial metrics still remain a weakness for the South Asian nation's credit profile compared to peers, an analyst at Fitch Ratings said on Tuesday. «Lowering of the deficit target to 4.9% from 5.1% of GDP is a clear signal of the government's commitment to deficit reduction,» Jeremy Zook, director — Asia sovereign ratings, told Reuters. «In our view, this seems relatively achievable.» During Tuesday's annual budget, India's government announced plans to spend $24 billion to create jobs over the next five years and $32 billion on rural development this year alone.

electric vehicles will be supported under the four-month Electric Mobility Promotion Scheme (EMPS) being implemented between April and July with an outlay of Rs 493.55 crore, the government said on Tuesday. Electric Mobility Promotion Scheme (EMPS) — 2024 will provide further impetus to the green mobility and development of electric vehicle (EV) manufacturing ecosystem in the country. The maximum number of electric vehicles to be supported under the scheme stands at 3,72,215, including 3,33,387 electric two-wheelers, 13,590 e-rickshaws or e-carts and 25,238 electric three-wheelers in the L5 category, according to figures shared by the Ministry of Heavy Industries. «EMPS 2024 is fund limited, with restricted number of vehicles and a term-limited Scheme, i.e., the subsidies for demand incentive are eligible for e-2w and e-3w sold and registered until the funds are available or the number of vehicles supported reaches the maximum number defined category-wise (shown in para above) or until July 31, 2024, whichever comes first,» the ministry stated.

fire that broke out on July 19 on a merchant navy ship off the Karwar coast has been doused and efforts are underway to ensure the affected vessel remains in deep sea considering the grave threat posed to the coastline, the Coast Guard said on Tuesday. «The vessel is presently 13 nautical miles west of New Mangalore and heading towards open sea,» the ICG stated in a release.

Pradhan Mantri Awas Yojana (Urban) 2.0 and set aside Rs 4,000 crore for Credit Linked Subsidy Scheme (CLSS). In the 2024-25 Union Budget, PMAY-U has been allocated Rs 30,170 crore, an increase of 20.19 per cent from the 2023-2024 budgetary allocation.

Cholamandalam Investment & Finance Company Ltd. dropped 1.11 per cent to Rs 1386.45 at 01:29PM (IST) in Tuesday's trade. The scrip hit a high of Rs 1426.0 and low of Rs 1365.0 so far during the session. The stock had closed at Rs 1402.15 in the previous session. The counter had a total traded volume of 01:29PM shares so far with a turnover of Rs 1.42 crore on BSE. The stock traded at a price-to-earnings multiple of 33.75 and a price-to-book ratio of 4.96.

Havells India Ltd. traded 2.06 per cent down at Rs 1732.1 at 01:39PM (IST) on Tuesday, even as BSE benchmark Sensex dropped 517.86 points to 79984.22. The stock had settled at Rs 1768.55 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 1986.55 and Rs 1233.1, respectively.

WABetaInfo report, a WhatsApp features tracker, this feature was previously in testing for Android users. Now, it is making its way to iOS through the TestFlight beta program, specifically in the WhatsApp beta for iOS version 24.15.10.70.With this upcoming feature, users will be able to send videos, photos, documents, and other media directly to nearby devices using WhatsApp, bypassing the need for an active internet connection.

Union Budget: Finance Minister Nirmala Sitharaman on Tuesday, while presenting the full budget for FY25, announced a 15 per cent duty cut on mobile phones and accessories.

2024 Budget: The internet has erupted with a flood of memes following Finance Minister Nirmala Sitharaman’s budget announcement, which saw significant financial allocations for Bihar and Andhra Pradesh.

InterGlobe Aviation Ltd. fell 0.78 per cent to Rs 4301.6 in Tuesday's trade as of 12:12PM (IST) even as the benchmark Nifty ruled at 24466.65, down 42.6 points. The scrip had closed at Rs 4335.8 in the previous session. The stock quoted a 52-week low of Rs 2334.95 and a high of Rs 4610.0. The company quoted a market-cap of Rs 166139.17 crore on the BSE.

Tube Investments of India Ltd. fell 1.54 per cent to Rs 4057.55 at 12:17PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 3,534 shares with a turnover of Rs 1.44 crore till 12:17PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 65.18, while the price-to-book value ratio stood at 14.15.

ICICI Lombard General Insurance Company Ltd. traded 0.94 per cent down at Rs 1879.1 at 12:22PM (IST) on Tuesday, even as BSE benchmark Sensex dropped 700.2 points to 79801.88. The stock had closed at Rs 1897.0 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 1925.05 and Rs 1266.0, respectively.

Indian Navy Chief Admiral Dinesh K Tripathi is scheduled to visit Mumbai today to review the situation after warship INS Brahmaputra got severely damaged in a fire incident.

Union Budget 2024, Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-24 report, along with the statistical appendix, in the Lok Sabha. The Economic Survey is an annual document presented before the Union Budget to assess the state of the economy and provide an overview of its short-to-medium-term prospects.