Durga Rao & Co., Chartered Accountants is a medium sized firm catering to the requirements of various Commercial and Non Commercial Entities for more than 3 decades. Established in the
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Govt projects biggest power shortfall in 14 years, races to curb outages
The deficit also follows delays, a government source said, in the commissioning of 3.6 gigawatts (GW) of new coal-fired plants which had been targeted to be operational before March
Prices of pulses stable, vegetables witness rise in last one month
Traders and market players said that going forward, vegetable prices will continue to rule firm as heat wave singes supplies
Indian PE, VC investments decline 35% to $39 billion in 2023: Report
The Indian private equity and venture capital investments declined by about 35 per cent to around USD 39 billion in 2023 from USD 62 billion in 2022, according to a joint report by Bain & Company and IVCA released on Thursday.
The private equity (PE) investments in India dropped by 18 per cent to USD 29.6 billion from a peak value of USD 36 billion in 2022.
The drop in VC investments was much sharper, with total investments at USD 9.6 billion in 2023 versus USD 25.7 billion in 2022.
"Mirroring the global trend, Indian private equity and venture capital (PE-VC) investment softened by about 35 per cent from approximately USD 62 billion in 2022 to around USD 39 billion in 2023, returning to pre-Covid-19 activity levels," the report said.
The report saw 2023 as a marquee year for Indian exits with exit values soaring by 15 per cent to USD 29 billion with sale of shares in 340 entities.
"In a year marked by global economic uncertainties, India's private equity landscape demonstrated ..
No country can ignore ratings by credit rating agencies: Subbarao
RBI may be looking at the bigger picture, and companies at their balance sheets, says former RBI governor D Subbarao on draft provisioning norms
Exim Bank expects 12.3% growth in exports during Apr-Jun quarter to $116 bn
The Export-Import Bank of India on Thursday said India's merchandise exports would grow by 12.3 per cent year-on-year to USD 116.7 billion in the April-June quarter this fiscal.
"These positive growth rates are expected to be witnessed in continuation of the positive growth witnessed during the last two quarters of the previous financial year," India Exim Bank said in a statement.
The positive growth in India's exports could be the result of the country's GDP growth fundamentals and outlook, and sustained momentum in the manufacturing and services sector, it added.
"Export-Import Bank of India forecasts India's total merchandise exports to amount to USD 116.7 billion, witnessing a y-o-y growth of 12.3 per cent," it said.
It added that the growth in exports is expected to continue to witness a positive momentum in the forthcoming quarters.
However, it cautioned that the outlook is subject to risks of uncertain prospects for advanced economies, geopolitical shocks, and the Middle Ea
Indian Tea Association raises concerns over lower production, prices
Citing Tea Board data, the association said that North Indian tea production from January to March 2024 was down by more than 21 million kilograms
Reserve Bank of India repurchases govt bonds worth Rs 10,512 crore
Most of the funds were picked up by state-owned banks and insurance companies, said market participants
FY24 fiscal deficit seen slightly better than projected Rs 17.4 trn: Report
India's income tax receipts rose 17.7% year-on-year to nearly $235 billion in 2023/24, higher than government's projection
UAE top destination for India migrants, hosts 3.47 million: UN report
India received more than $111 bn in remittances in 2022, the largest such amount
Consumer price inflation likely slipped in April, food inflation sticky
V Anantha Nageswaran, the government's chief economic adviser, said on Wednesday the Indian economy was better placed than before to pursue 'non-inflationary' growth
FinMin to discuss RBI's draft project financing norms with banks, IBA
The official said banks will assess the impact of the draft rules on their balance sheets and can approach the RBI based on their assessment
16th Finance Commission invites suggestions on its ToR, general approach
The Commission is also mandated to review the present arrangements on financing Disaster Management initiatives, with reference to the funds constituted under the Disaster Management Act, 2005
Decoded: How trade deals are ratified by India's partner countries
Trade experts said that Indian government officials generally reach out to their counterparts to discuss any major concern flagged by the trade partner's Parliament during FTA negotiations
RBI meets UPI ecosystem stakeholders to increase digital payments
The meeting was attended by banks, the National Payments Corporation of India (NPCI), third-party application providers, and technology service providers
Net worth of CPSEs increased by 82% in 9 years, says finance minister
Sitharaman said the market capitalisation of 12 listed public sector banks (PSBs) has surged by 2.95 times in the past three years to Rs 16.12 trillion as of March 31, 2024
RBI meets stakeholders to discuss strategies to widen scope, reach of UPI
UPI transaction volumes rose 54% in March, as compared to 60% a year ago
Consumer price inflation likely to eased at 4.8% in April: Reuters poll
While headline inflation has moderated in recent months, food prices, which account for nearly half the consumer price index (CPI) basket, have remained elevated, squeezing household budgets
'Omens good', India can grow 6.5-7% in the next decade: CEA Nageswaran
Inflation headed towards central bank's tolerance range; 'don't see scope for nasty upside surprises'
Home-cooked veg thali became 8% costlier in April than last year: Report
Non-veg thali becomes cheaper; pricier onion, tomato and potato push up price of veg thali
India expects FY25 growth of over 7%, says CEA V Anantha Nageswaran
The possibility of growth touching 8% in the last fiscal year that ended on March 31 is quite high, he added