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The steel minister emphasised on usage of scrap in steel making as manufacturing the metal through scrap and other waste products is less polluting and termed it as a step “towards green steel initiative”.

As of the December 2023 quarter, Mutual Funds held a 32.49% stake with 312.07 million shares, while insurance companies had a 10.66% stake with 102.41 million shares in Zee.

The flash Purchasing Managers#39; Index for any given month will be released approximately one week in advance of the final number.

Some volatility was seen during the day as monthly and weekly futures and options (FO) contracts for Nifty were set to expire today. Quarterly earnings showdown of key companies also helped set the mood of the market.

More than 90% of all companies are family companies and a third of companies in SP 500 index have a family element. Yet thanks to a combination of demographics and changing social mores, many family firms now face the ultimate threat to their survival: a shortage of heirs. The best family firms are not just… Continue reading Family companies are experiencing heir loss on January 24, 2024 at 11:04 am

The crucial response must be to reduce fragilities, manage shocks, plan for risks and understand the fundamental drivers

Mahanagar Gas reported a consolidated net profit of Rs 317.18 crore in the December 2023 quarter, which is 84 percent higher YoY.

Consolidated revenue from operations grew 30 percent YoY to Rs 602 crore in Q3FY24, from Rs 462 crore in the previous fiscal.

The fiscal deficit target for FY25 in the midst of weaker nominal GDP growth and disinvestment shortfall will be below 6 percent, slightly around 5.2-5.5 percent. This fiscal glide path is crucial to reach the 4.5 percent fiscal deficit to GDP by 2025-26

Benchmark indices touched a new all-time high at the start of the week but lost 1.5 percent. The smaller indices, however, continued to outperform, with the Mid-cap index gaining 1.3 percent and touching a new high