BUSINESS
India's April-Aug fiscal deficit reaches over 31% of FY22 target
The fiscal deficit -- the difference between revenue and expenditure -- for the April-August 2021-22 period stood at Rs 468,009 crore, or 31.1 per cent of the budget estimates (BE). The FY22 deficit has been pegged at Rs 15.06 lakh crore. Besides, the CGA data showed that the fiscal deficit during the corresponding months of the previous fiscal was 109.3 per cent of that year's target.
Profit bookings, F&O expiry subdue equity indices; metals' stocks fall
Besides, weak global cues dented investors' sentiments while the monthly F&O expiry created some pressure on the market. Sector wise, realty and consumer durables indices rose the most whereas metals, telecom, auto, banks and IT fell the most. Consequently, S&P BSE Sensex closed at 59,126.36 points, lower by 286.91 points or 0.48 per cent from its previous close.
India's external debt rises to $571 bn
The external debt during the period under review rose to $571.3 billion from $555.2 billion reported for the quarter ended June 2020. On a sequential basis, at end-June 2021, the external debt recorded an increase of $1.6 billion over $569.7 billion reported for end-March 2021 period. "The external debt to GDP ratio declined to 20.2 per cent at end-June 2021 from 21.1 per cent at end-March 2021," the RBI said in a statement.
BYJU's Raveendran now richer than Jhunjhunwala, BharatPe's Nakrani youngest in rich list
Besides Raveendran, another tech entrepreneur Shashvat Nakrani of BharatPe saw a healthy augmentation of his wealth. According to the IIFL Wealth Hurun India Rich List 2021, the study-from-home trend which has been promoted on the back of the pandemic led Raveendran and Family's fortune to grow 19 per cent year-on-year to Rs 24,300 crore.
Vedanta Aluminium's 'Bravehearts' film salutes Covid hero
This latest film celebrates the invaluable contribution of a young professional, Jayshree Dhanasekaran, who worked to safeguard remote communities from Covid in Lanjigarh in Odisha's Kalahandi district. She rallied 80 local women in Lanjigarh village to stitch and distribute 1.4 lakh masks to safeguard the rural communities against the disease.
Edtech platform Unacademy infuses $20 mn in its job portal Relevel
Relevel was launched just four month ago by Shashank Murali, Saksham Keshri and Prakash Kumar, on the back of strong traction witnessed in user growth, hiring company partnerships, and placement rate, the company said in a statement.
Over 1K Indians with Rs 1K cr net worth: Hurun India
Accordingly, the IIFL Wealth Hurun India Rich List 2021 revealed that 1,007 individuals across 119 cities have a net worth of Rs 1,000 crore.
China power crisis causes sudden contraction in factory activity
A closely watched survey released on Thursday showed that China's factory activity contracted in September for the first time since the pandemic took a grip in February 2020.
Auto fuel prices rise simultaneously after a day's break
Accordingly, diesel prices increased by 30 paise per litre in the national capital to Rs 89.87 per litre on Thursday while petrol prices increased by 25 paise per litre to Rs 101.64 a litre, according to Indian Oil Corporation, country's largest fuel retailer. Diesel prices have now increased for five days in the last one week taking up its retail price by Rs 1.25 paise per litre in Delhi.
Adani Green Energy to acquire 40 MW solar project in Odisha
The AREMHL has signed definitive agreements with Essel Green Energy Pvt Ltd to acquire 100 per cent economic value in a special purpose vehicle (SPV) that owns the solar project in Odisha, the company said in a statement on Thursday. The project has a long-term Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) for Rs 4.235 per unit, with remaining PPA life of about 22 years, the company said.
Don't Miss
Advertisement