Regulatory Filing
| March 31, 2024, 9:33 a.m.
Bank of India Raises Lending Rate, Loans to Become Costlier
Bank of India has decided to raise its lending rates by 10 basis points, making loans, including retail ones, more expensive for borrowers. The adjustment in lending rates precedes the upcoming monetary policy announcement by the Reserve Bank of India. Effective from April 1, the new rate hike will increase the repo-based lending rate to 9.35 per cent. Additionally, Indian Bank has also raised its lending rates by 5 basis points, with the new rates set to be effective from April 3.
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Patanjali Foods Shares Drop 4% After SC Issues Notices to Ramdev, Balakrishnan
| Feb. 28, 2024, 11 a.m.
Patanjali Foods Shares Drop 4% After SC Issues Notices to Ramdev, Balakrishnan
Patanjali Foods shares decline 4% after the Supreme Court issues notices to Baba Ramdev and Acharya Balakrishnan over alleged violation of its orders. The court restrained Patanjali Ayurved from advertising medicinal products, prompting a clarification from Patanjali Foods that the order doesn't apply to it. The SC's action follows a dispute with the Indian Medical Association, accusing Patanjali of disparaging conventional medicines. The stock's decline continues for the third consecutive day amidst ongoing legal concerns.
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Highlights of India Budget 2024: Finance Minister announces 2 crore more houses under Pradhan Mantri Awas Yojana – Gramin (PMAY-G) . No changes to income tax slabs.
Budget 2024 Key Highlights: Fiscal deficit target for 2024-25 at 5.1% of GDP; no changes to income tax slabs
No Major Tax Changes in Interim Budget, Focus on Growth
Fiscal Deficit Target Lowered to 5.8% in Interim Budget
Infrastructure, Digital Push to Drive Growth in Interim Budget
Education Sector Seeks Higher Allocation, NEP Implementation in Budget
Sitharaman Presents Interim Budget, Focuses on Fiscal Consolidation and Growth
Sitharaman's Last Budget Before 2024 Elections Focuses on Rural India
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