FY23 News

IIFCL is 100 percent owned by Government of India. The infra lender posted record sanctions and disbursements at Rs 29,171 crore and Rs 13,826 crore. The company has given Rs 2.5 lakh crore loans to 750 infra projects.

Consolidated revenue from operations rose 7.3% to 26.89 billion rupees, primarily driven by improvement in rural and semi-urban demand during the quarter, Pidilite added. 

The Board of Directors declared an interim dividend for the year ended March 31, 2023, of Rs 44 per equity share of face value of Rs 2 each compared to a final dividend of Rs 30 per equity share in the previous year. 

For the fiscal ended March 31, 2023, Titan said its consolidated net profit rose 49 per cent at Rs 3,274 crore as against Rs 2,198 crore in 2021-22.

World Bank cuts India's GDP forecast to 6.5% for current fiscal year. Earlier, it projected 7.5% GDP growth in Indian economy. RBI also cut economic growth projection to 7% for 2022-23.

Direct tax collections stands at Rs 8.36 lakh crore by 30% growth: Finance Ministry. The data is for current fiscal year till September 17. For April-September, advance tax collection grew 17% to Rs 2.95 lakh crore.

Shares of SpiceJet recovered most of their early lost ground and settled over 3 % lower on Thursday. The company's stock tanked 14.65 % to Rs 39.60 during the early trade on the BSE. The low-cost carrier had a net loss of Rs 729 crore during the April-June 2021.