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FDI in insurance sector proposed to be hiked to 74% from 49%: FM
The Finance Minister in the budget has proposed increasing the foreign direct investment limit in the insurance sector from 49% to 74% in the budget 2021-22. Currently, the FDI limit is capped at 49 per cent. The finance minister further stated that foreign companies will be allowed to own insurance companies subject to conditions. The […]
Capital MarketFebruary 1, 2021/12:29 PM IST -
FM announces infusion of Rs 20000 crore for public sector banks
The Finance Minister said the budget for 2021-22 rests on six pillars – from healthcare to infrastructure. FM announced an infusion of Rs 20,000 crore for public sector banks. The Finance Minister finally announced an establishment of Bad Bank to clean up bank balances. A new asset reconstruction and asset management company announced by the […]
Capital MarketFebruary 1, 2021/12:19 PM IST -
Construction stocks in demand after budget outlay
Shares of seven civil construction companies gained 2% to 7% after the central government announced outlay of Rs 1.18 lakh crore For Ministry of Road Transport And Highways.
Capital MarketFebruary 1, 2021/12:11 PM IST -
Insurance stocks advance after FM proposes higher FDI limit
Shares of six insurance companies added 3% to 5% after the central government proposed to amend Insurance Act to allow higher foreign direct investment (FDI) in insurance companies.
Capital MarketFebruary 1, 2021/12:09 PM IST -
FM Proposes Setting Up A Developmental Financial Institution To Fund Long Term Infrastructure Projects
The FM has announced that a Bill will be introduced to set up a developmental financial institution or DFI to fund long-term infrastructure projects with a capital of Rs 20,000 crore. This DFI will lend Rs 5 lakh crore in the next three years, the FM said. Powered by Capital Market – Live News
Capital MarketFebruary 1, 2021/12:08 PM IST -
FY22 Capital Expenditure Up 34.5% Compared To FY21 BE At Rs 5.54 Lakh Crore
Finance Minister Nirmala Sitharaman announced at the start of her budget speech for FY2020 that the pillars of this budget are health and well-being, physical and financial capital and infrastructure, human capital, innovation and R&D and minimum government, max governance. She announced Rs 35,000 crore for Covid vaccine drive and noted that the budget has […]
Capital MarketFebruary 1, 2021/11:59 AM IST -
Total Relief Measures To Combat Covid-19 At Rs 27.1 Lakh Crore Says FM
Finance Minister noted that the preparation of budget was undertaken in an environment like never before. Global economy, which was slowing down, was pushed into uncertainty due to COVID-19. Through the past year, the Finance Minister announced a Rs 30-lakh-crore plan. The total estimate of all relief measures announced by government & RBI so far […]
Capital MarketFebruary 1, 2021/11:58 AM IST -
Hester Biosciences consolidated net profit rises 7.20% in the December 2020 quarter
Sales rise 12.23% to Rs 56.89 crore
Capital MarketFebruary 1, 2021/11:53 AM IST -
Hospital operators in demand after FM lays out spending plan
Shares of five hospital operators rose 1% to 4% after the central government announced a Rs 64,180 crore spending plan for healthcare over the next six years.
Capital MarketFebruary 1, 2021/11:47 AM IST
