Budget 2024 showcases positive macro picture: Fiscal recovery!
Mon, Feb 5, 2024 1:44 PM

Budget 2024 showcases positive macro picture: Fiscal recovery!

A Flip by Avya Verma
Get it on Google Play
Finance Minister Nirmala Sitharaman, in the Interim Budget presentation on February 1, showcased a promising macroeconomic picture for India. The spotlight on key indicators, including the fiscal deficit returning to a positive trajectory, an emphasis on capital expenditure (capex), and a significant uptick in corporate profits, signals a path for the nation's financial outlook.

More great flips

Avenue Supermarts Q3: Revenue to surge 18% YoY on store additions

Avenue Supermarts Q3: Revenue to surge 18% YoY on store additions

Avenue Supermarts, operator of DMart, is expected to report an 18% YoY revenue growth to Rs 16,016 crore for Q3FY25, with net profit estimated to rise 14-17%. Brokerages like Nuvama, Axis Securities, and Antique expect EBITDA growth of 12-16%. The company will announce its earnings on January 11. Store expansion and inflation drive growth.

Open Flip
Indian Overseas Bank invites EOI to sell Rs 11,500 cr NPA

Indian Overseas Bank invites EOI to sell Rs 11,500 cr NPA

State-owned lender, Indian Overseas Bank has invited expression of interest from asset reconstruction companies (ARCs) for the sale of 46 non-performing loans accounts worth Rs 11,500 crore, according to the press release. The last date to submit the expression of interest is on January 18 and e-auction is scheduled on January 30. The process of due diligence will commence from January 10.

Open Flip
Phoenix Mills posts 21% growth in Q3 retail consumption at ₹3,998 crore

Phoenix Mills posts 21% growth in Q3 retail consumption at ₹3,998 crore

Realty firm The Phoenix Mills Ltd on Thursday (January 9) reported strong growth for Q3 FY25 and the first nine months of FY25, driven by robust performance across its retail, hospitality, commercial office, and residential segments. Retail consumption for Q3 FY25 reached approximately ₹3,998 crore, marking a 21% increase compared to Q3 FY24.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon