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Jan 31: ICICI profit beats estimates

  • Jan 31: ICICI profit beats estimates

    Jan 31: ICICI profit beats estimates

  • Fiscal deficit for April-Dec

    A man rolls electrical power lines onto a wooden wheel at a factory in the outskirts of Jammu

    India's fiscal deficit during April to December was Rs 3.81 lakh cr, or 92.3% of the full-year target, government data showed on Tuesday.

    During the same period in the last fiscal year, fiscal deficit was 44.9% of the budgeted target.

    Net tax receipts were Rs 4.2 lakh cr and total expenditure was Rs 8.96 lakh cr during the April-December period.

  • GDP growth revised

    A worker climbs to fasten iron rods together at the construction site of a high-rise building in central Mumbai

    India's economy is expected to grow slightly more than 7% in the current fiscal year that ends in March, Kaushik Basu, the finance minister's chief economic adviser, said on Tuesday.

    India's GDP growth is slowing after a prolonged bout of monetary policy tightening that has seen 13 interest rate increases since March 2010, as well as sluggish investment and weak global conditions.

  • SBI needs Rs 15,000 cr

    An employee uses an electronic machine to check an Indian currency note in Mumbai

    State Bank of India , the country's biggest lender, will need to raise more funds beyond the $1.6 billion assured by the government to meet rising demand for loans in an expanding economy, CFO Diwakar Gupta said.

    The bank needs Rs 15,000 crore, including retained profit, a year, Gupta said on Tuesday.

  • Prices hit highest level

    An employee arranges gold jewellery at the counter of a gold shop in Hefei

    Gold traders in India, the world's biggest buyer, refrained from taking new positions as prices hit the highest level in more than six weeks, tracking a similar trend in global markets.

    * The most-active gold for February delivery on the Multi Commodity Exchange (MCX) rose as much as Rs 28,175, the highest level in six weeks, before giving up some gains to trade at Rs 28,148.