Read more about Benchmarks end almost flat; ONGC jumps 3.5% on Business Standard. The domestic equity benchmarks ended almost flat after a volatile session on Tuesday. While selling was wide spread, most IT and pharma stocks managed to end in the green. Adani Group stocks were in demand.
The fourth quarter of 2020-21 recorded a growth of 1.6% in GDP, the second quarter of positive growth, after the country had entered a technical recession in the first half of the year.
Twitter has to comply with the new Information Technology Rules for digital media if they have not been stayed, the Delhi High Court said on Monday. Justice Rekha Palli issued notice to the Centre and social media platform Twitter seeking their stand on a plea by a lawyer, Amit Acharya, claiming non-compliance of the Rules by it.
India recorded a fiscal deficit of 9.3% of GDP in 2020-21, 0.2% lower than the revised estimate of 9.5% of GDP, according to the Controller General of Accounts (CGA). Total revenue receipts turned out to be about ₹88,000 crore higher than estimated, driven largely by higher excise and customs collections, while total expenditure was ₹61,000 crore more than the revised estimate. The revenue deficit for the year was projected at 7.42% of GDP by the CGA.
Vadilal bets on the summer.
PTI reports: The Vadilal group is eyeing over Rs 800 crore sales from ice creams in India this fiscal, expecting higher demand in the peak summer season and strengthened distribution network, a top company official said on Tuesday.
The company saw an adverse impact on its sales due to the spread of the COVID-19 pandemic and resultant lockdowns in the the country last fiscal. It, however, did not disclose the numbers for the last financial year.
It had clocked Rs 650 crore sales from ice creams in FY 2019-20. Gandhi refused to share sales recorded in the previous year.
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