The recent budget unfolds promising fiscal metrics, signaling a shift towards fiscal prudence. With a noteworthy reduction in the fiscal deficit to 5.8% of GDP for the current year and a targeted 5.1% for the next, the government displays a commitment to financial responsibility. This approach extends to the reduction in net borrowings, promising improved funds availability for the private sector.
On Thursday, 1774 stocks advanced, 2081 declined and 88 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 0.85, indicating positive closing of stocks in broader markets.
Stock exchange-listed PCBL Ltd announced the acquisition of Aquapharm Chemicals Pvt Ltd last November for Rs 3,800 crore. It informed the exchanges that the acquisition would be done through a wholly owned subsidiary company, Advaya Chemicals Industries Ltd, which was incorporated on January 11.
The Competition Commission of India (CCI) has approved PCBL Ltd s proposed acquisition of a 100% stake in Aquapharm Chemicals. The deal, which involves the manufacturing and sale of carbon black and green power generation, is being approved under the green channel route. The CCI stated that the transaction does not pose any risk of adverse effect on competition.