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Replying to assertions that West Bengal’s dues have been neglected, Sitharaman had said in Parliament on Friday that GST compensation to states is released when the audited figures are provided, but West Bengal has not submitted those since 2017.

Joint Secretary in the DPIIT Sanjiv said that the “aim is to promote production of high quality products”. The department is continuously engaged with BIS (Bureau of Indian Standards) and concerned stakeholders for identification of products for which quality control orders (QCOs) could be issued. “QCOs are good for us Continue Reading

Analysts will watch out the trend on freight costs and employee expenses as these make for a chunk of the total expenditure for the company. In the second quarter, freight handling and services cost rose 24% on year to Rs 1,436 crore. Staff expenses on the other hand, declined nearly Continue Reading

“As per the Budget, capital investment outlay is being increased steeply for the third year in a row by 33% to Rs 10 lakh crore ($122 bn), which would be 3.3% of GDP. This will be almost three times the outlay in 2019-20. GDP growth, consumer market growth, and the Continue Reading

“We believe the outperformance of the value stocks is likely to continue in H1CY23 and would be led by a pickup in the credit growth as well as a recovery in the domestic-cyclical stocks, which would be in line with the pickup in the domestic economy,” said Axis analyst Neeraj Continue Reading

On the Options front, the weekly maximum Call OI is placed at 18000 and then towards 18200 strikes while the maximum Put OI is placed at 17800 and then towards 17600 strikes.

Stocks that were in focus include names like Cummins India which was up nearly 7%, KPIT Technologies rose nearly 2% to hit a fresh 52-week high, and M&M Financial Services hit a fresh 52-week high on Thursday.

These developments are positive for the company’s India listed stock, which has gained nearly 30% in the past three months. However, it trades at a significant discount to other multi-national companies of similar size such as ESAB India, Grindwell Norton and Linde India which cater to the manufacturing sector.

Speaking at the inaugural session of the two-day Urban20 City Sherpas’ inception meeting here, Kant said cities must be designed for cycling, walking and not for cars, and they must grow and evolve on the bank of transit-oriented development. He said urbanisation will be the single biggest agent of change Continue Reading