Business

29

Jan

By The Press Editor

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Business

Kerala Budget: State announces 12th pay revision commission for welfare of govt employees

Kerala Budget: The 12th Pay Revision Commission is expected to submit its report within three months for timely action. The budget also confirmed that all pending Dearness Allowance (DA) and Dearness Relief (DR) arrears for employees and pensioners will be cleared. Thiruvananthapuram: For the welfare of the government, state Finance Minister K N Balagopal on Thursday unveiled a people-focused budget for 2026-27 and announced the 12th Pay Revision Commission, continuing the long-standing policy of reviewing government employees' salaries every five years. 12th Pay Revision Commission to submit report within 3 months The 12th Pay Revision Commission is expected to…

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29

Jan

By The Press Editor

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Business

Infra stock under Rs 100 surges over 4% as board to consider listing on National Stock Exchange: Details

Technically the stock is trading higher than the 50-day, 100-day and 200-day moving averages but lower than the 5-day and 20-day moving averages. It has a 52-week high of Rs 91.89 and a 52-week low of Rs 35. Mumbai: Shares of RDB Infrastructure and Power Ltd are in focus as the company has informed exchanges that its board will meet on February 3, 2026, to formally consider and approve a proposal for listing the company’s equity shares on the National Stock Exchange (NSE). Following this update, the stock opened gap up with a jump of 4.54 per cent at Rs…

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29

Jan

By The Press Editor

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Business

Budget 2026: Major customs overhaul likely as government plans easier TDS and tax relief

Budget 2026 is expected to introduce major reforms including a GST-like overhaul of Customs Duty, simplified TDS rules and potential increases in standard deduction. Multiple sectors, including defence, MSMEs and critical minerals, may see special allocations. New Delhi: As Finance Minister Nirmala Sitharaman is set to present her ninth consecutive Union Budget on 1 February, expectations are high that the government will introduce a significant revamp of the customs duty structure, similar to the Goods and Services Tax (GST) model. In the backdrop of global geopolitical uncertainty, the focus is likely to remain on boosting economic momentum while strengthening India’s…

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29

Jan

By The Press Editor

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Business

Employment conditions improved since launch of Periodic Labour Force Survey: CEA Nageswaran

Chief Economic Advisor V Anantha Nageswaran said that growth is being supported by strong domestic fundamentals, including consumption and investment. New Delhi: Chief Economic Advisor, V Anantha Nageswaran, on Thursday said India's employment conditions have improved since the launch of the Periodic Labour Force Survey (PLFS). Nageswaran said that unemployment rate has declined from 6 per cent then to 3.2 per cent in 2023–24.  "The PLFS earlier followed a July-to-June cycle and is now shifting to a calendar-year-based cycle. Therefore, data for 2025 will be released sometime in March, which is why we are showing the 2023–24 data. Female labour…

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29

Jan

By The Press Editor

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Business

Budget 2026: 10 facts about the Union Budget you should know

Finance Minister Nirmala Sitharaman will present a record ninth consecutive budget on February 1. This will take Sitharaman closer to the record of 10 budgets that were presented by former Prime Minister Morarji Desai. New Delhi: Finance Minister Nirmala Sitharaman will present the Union Budget 2026-27 on Sunday, i.e. February 1, 2026. Ahead of that, Sitharaman today tabled the Economic Survey of India in Parliament. Sitharaman will be presenting a record ninth consecutive Union Budget, marking a significant milestone in India's parliamentary and economic history. Ahead of the Budget, here are some facts that you should know. Halwa Ceremony: The…

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29

Jan

By The Press Editor

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Business

Economic Survey 2025-26: From GDP to credit rating upgrade, here are 10 major highlights

Economic Survey also focuses on aligning AI adoption with India’s structural realities, such as capital availability, energy constraints, institutional capacity, and market depth, so that technology choices reinforce long-term growth instead of creating fragile dependencies. New Delhi: Finance Minister Nirmala Sitharaman has tabled the Economic Survey 2025-26 in the Lok Sabha, an annual report on the country's economic performance for the financial year. The survey called for key reforms, including overhauling the fertiliser sector, boosting research and development, strengthening irrigation systems and promoting crop diversification. It also focuses on aligning AI adoption with India’s structural realities, such as capital availability,…

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29

Jan

By The Press Editor

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Business

319% return in 1 year: FMCG stock in focus as company expands investment and loan limits, details

The stock's 14-day relative strength index (RSI) is 25.62. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of FMCG company Elitecon International Limited are on investors' radar as the company has secured shareholder approval for a significant expansion of its financial capabilities. According to the information shared with exchanges, authorising a substantial increase in borrowing limits up to Rs 500 crore under Section 180(1)(c) of the Companies Act, 2013. The stock started today's session in the red amid market volatility. The counter opened at Rs…

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29

Jan

By The Press Editor

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Business

Q3 results: Pharma stock in focus as revenue increases 45% YoY, check share price

The stock's 14-day relative strength index (RSI) is 30.63. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of pharma company Sudarshan Pharma Industries Ltd are in focus as the company has reported a 16 per cent increase in net sales to Rs 168.01 crore and a 51 per cent surge in net profit to Rs 4.36 crore for the third quarter of fiscal year 2026. Following this, the stock started the trading session in green at Rs 20.25 against the previous close of Rs 19.30…

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29

Jan

By The Press Editor

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Business

Parliament Budget Session 2026: Economic Survey pegs FY27 GDP growth at 6.8-7.2%

According to the Economic Survey, the Free Trade Agreement (FTA) with Europe will strengthen India's manufacturing competitiveness, export resilience and strategic capacity. New Delhi: Union Finance Minister Nirmala Sitharaman on Thursday tabled the Economic Survey 2025-26 in the Lok Sabha. The Economic Survey is an annual document presented by the government ahead of the Union Budget to review the state of the country's economy. It also provides an overview of the economy's short-to-medium-term prospects. According to the Economic Survey 2025-26, India's economy is expected to grow at 6.8-7.2 per cent in FY27, driven by regulatory reforms and strong fundamentals. The survey…

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29

Jan

By The Press Editor

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Business

Auto stock in focus as company approves 80% acquisition in subsidiary, check details

Technically, the stock is trading lower than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. Mumbai: Shares of Uttar Pradesh-based electrical equipment maker Pavna Industries are in focus as the company has informed exchanges that the board has approved the investment in the equity shares of the subsidiary company Pavna SMC Private Limited. According to the information shared with the exchanges, the board has approved the acquisition of an 80 per cent stake for a cash consideration of Rs 4,00,000, with the transaction expected to conclude by March 31, 2026, in a subsidiary. The incorporated company belongs to the…

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