Thu, Feb 1, 2024 1:54 PM
Infrastructure sector to gain from 11% higher capex in Budget
A Flip by Shubhangi Gupta
Nearly one-and-a-half years after RBI announced withdrawal of ₹2,000 denomination banknotes on May 19, 2023, the total value of banknotes which have yet not been returned stands at ₹6,977.6 crore as on Oct 31, 2024, shows the RBI data. The latest data revealed that the currency banknotes which have already been returned comprise 98.04% of the ₹2000 banknotes in circulation as on May 19, 2023.
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Arm Holdings (ARM) is set to report fiscal second-quarter earnings after the market closes on Wednesday, with analysts sporting mostly bullish ratings on the chip-design company but looking for little price upside. Of the 12 analysts polled by Visible Alpha, nine have a "buy" or equivalent rating, compared with two maintaining "hold" ratings and one with a "sell."
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Airlines — as part of the ongoing consultations with the Ministry of Finance and the Ministry of Civil Aviation (MoCA) — have requested the government to extend the cut of excise duty on blended aviation turbine fuel (ATF) to 2 per cent for domestic flights before making the use of blended ATF mandatory, multiple government officials told Moneycontrol.
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