After having paid an unexpectedly high dividend to the central government by the RBI last financial year, it is now expected that higher dividend payments could continue in the current year too.
This transfer, coupled with the subsequent government spending, will bolster the central government's fiscal position, enabling potential additional spending or fiscal consolidation.
Mumbai (Maharashtra) [India], May 29: Krystal Integrated Services Limited (KISL), a market leader in facility management services across India has reported its best-ever results in a financial year on the back of strong operational and financial performance for the Q4 and FY24 ended March 20
The state-owned RITES Ltd. (Rail India Technical and Economic Service) posted a consolidated operating revenue of Rs 643 crore for the fourth quarter of 2024, against Rs 687 crore in Q4FY23. The consolidated operating revenue saw a dip of 6.3 per cent.
New Delhi [India], May 28: S Chand Publishing, India's leading education content publisher and book publisher reported its results for the fourth quarter & for the financial year ending 31st March 2024.
Launching new products and diversifying products mix, focusing on digital transformation are among the key focus areas of insurance behemoth Life Insurance Corporation of India (LIC), as per a company regulatory filing. LIC said it now intends to focus on "strategic interventions" to maximiz
Public sector insurer LIC (Life Insurance Corporation of India) posted a net profit of Rs 13,781.59 crore for the quarter ending on March 31, 2024. The company's net profit rose by 4.5 per cent from Rs 13,190.79 crore reported in the same period of the previous fiscal year
The Rs 2.11 lakh all-time high dividend by Reserve Bank of India, will help the government in maintaining the fiscal deficit at targeted 5.1 per cent for the year 2024-25. Fitch Ratings says, the high dividend by RBI could even lower FD below the target.
Public sector power generator NTPC posted a consolidated net profit of Rs 6490.05 for the fourth quarter of 2023-24, up 33 per cent from Rs 4871.5 crore in 2022-23.
Pune (Maharashtra) [India], May 24: Bajaj Finserv Asset Management Ltd. launched a new investment scheme - The Bajaj Finserv Multi Asset Allocation Fund. This fund, open-ended in nature, offers investors a chance to diversify their portfolios across various asset classes, including equity, d