Tag: crore
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Centre releases double tax devolution instalment to states in December worth Rs 1.46 lakh crore
The devolution of states’ shares in taxes is done in 14 installments every year. The central government, on December 22, said it had released an additional instalment of Rs 72,961.21 crore as tax devolution to states. This follows a similar transfer earlier this month on December 11, the finance ministry said in a statement. “In…
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Taking Stock: BJP’s ‘Triple Sunday’ takes market to new highs, investors richer by Rs 5.77 lakh crore
BJP’s Triple Sunday Impact: The market capitalisation of listed companies hit a record high of $4.10 trillion The market zoomed to new highs with equity benchmarks surging more than 2 percent on December 4, as investors cheered the BJP’s win in three state elections, with financial services and energy names leading the rally. At close,…
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Karnataka attracts 62 investment projects worth over Rs 3,000 crore
Lighthouse Canton’s AIF closes fund with corpus of Rs 350 crore The Karnataka government has approved 62 industrial investment proposals worth Rs 3,607.19 crore with an employment generation potential of 10,755 within the state. The proposals were cleared by the State Level Single Window Clearance Committee, headed by Large and Medium Industries and Infrastructure Development…
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HFCL Q4 net profit rises 15.5% to Rs 79 crore
HFCL Telecom gear maker HFCL on Monday reported about 15.5 per cent year-on-year rise in consolidated net profit to about Rs 79 crore in the March quarter. Its net profit stood at about Rs 68 crore in the year-ago period. The company’s revenue rose 21.13 per cent to about Rs 1,433 crore for the fourth…
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Pidilite Industries Q4 profit rises 12% to Rs 286 crore
Earnings Pidilite Industries Ltd on Monday reported a 12 per cent increase in consolidated net profit at Rs 285.86 crore for the fourth quarter ended March 2023, led by moderation in input costs and growth in domestic demand. The company, which manufactures adhesives, sealants and construction chemicals, had logged a profit of Rs 254.35 crore…