Premium Casparus J H Kromhout, CEO Sriram life Insurance Shriram Life Insurance Company, a joint venture between Shriram Group and South Africa-based Sanlam Ltd., has set a target of increasing its rural penetration by 50 per cent in the next three years. Casparus JH Kromhout, managing director and chief executive officer, talks to Shine… Continue reading Will end FY24 with growth rate of over 30%: CEO Shriram Life Insurance | Company News
Tag: FY24
Fundraising through SME IPOs hit a new high in FY24, Rs 5,579 crore raised | News on Markets
Premium The minimum application size for SME issues is around Rs 1 lakh, compared to Rs 15,000 for the mainboard issues The initial public offerings (IPOs) by small and medium enterprises firms hit a new high in the financial year 2023-2024 (FY24). In this fiscal year, data from the Prime Database showed that 190… Continue reading Fundraising through SME IPOs hit a new high in FY24, Rs 5,579 crore raised | News on Markets
Mahanadi Coalfields Ltd crosses 200 MT coal production mark in FY24 | Company News
MCL had attained the 100-MT mark in 2009-10, while 150-MT output was achieved in 2021-22. Photo: Bloomberg Mahanadi Coalfields Ltd (MCL) has achieved the 200-million tonne (MT) coal production mark in the 2023-24 fiscal, officials said Sunday. The MCL has mining operations in Odisha’s Angul, Jharsuguda and Sundergarh districts. The company crossed… Continue reading Mahanadi Coalfields Ltd crosses 200 MT coal production mark in FY24 | Company News
Punjab's GST collection rises 16.5%, excise revenue up 21% in FY24
Punjab finance minister Harpal Singh Cheema on Monday said the state has registered an increase of 16.5 per cent and 20.87 per cent in revenue from Goods and Services Tax (GST) and excise, respectively during the first four months of the financial year 2023-24. The state’s GST collection stood at Rs 6,810.76 crore, and the… Continue reading Punjab's GST collection rises 16.5%, excise revenue up 21% in FY24
Sales weak in Q1; will meet Rs 14k cr target in FY24: Godrej Prop chairman
Realty firm Godrej Properties’ sales performance remained muted in April-June, but the company will meet the annual target to sell properties worth Rs 14,000 crore this fiscal as housing demand continues to be strong, its Executive Chairman Pirojsha Godrej said. Its sales bookings fell 11 per cent year-on-year during the first quarter of… Continue reading Sales weak in Q1; will meet Rs 14k cr target in FY24: Godrej Prop chairman
India to grow at 6.7% from FY24 to FY31, GDP to double to $6.7 trn: S&P
Expressing confidence in the medium-term growth potential of the Indian economy, S&P Global has projected an average annual growth of 6.7 per cent from the fiscal year 2023-24 (FY24) to FY31. The report points to capital accumulation as the main driver of this growth. In a report titled ‘Look Forward: India’s Moment,’ S&P… Continue reading India to grow at 6.7% from FY24 to FY31, GDP to double to $6.7 trn: S&P
India’s fiscal deficit reaches 25.3% of FY24 target, shows govt data
The Centre used 25.3 per cent or Rs 4.5 trillion of its fiscal deficit target at the end of first quarter of financial year 2023-24 (FY24), according to data released by the Controller General of Accounts (CGA) on Monday. The fiscal deficit — the gap between government’s expenditure and revenue — stood at… Continue reading India’s fiscal deficit reaches 25.3% of FY24 target, shows govt data