Shaktikanta Das, Governor of the Reserve Bank of India (RBI), stated on Wednesday that the Monetary Policy Committee (MPC) at its February meeting has put real GDP growth for FY24 at 6.4%, while growth for FY23 has been pegged at 7%. The MPC predicts 7.8% growth in Q1FY24, 6.2% in Q2, 6% in Q3, and 5.8% in Q4.
Indian economy remains resilient, RBI Governor Shaktikanta Das said.
The SGX Nifty suggests a favourable start for the BSE Sensex and NSE Nifty 50. Stocks to watch on Wednesday include Bharti Airtel, Adani Power, Adani Wilmar, and Shree Cement.
Zoom revealed intentions to let off around 1,300 employees, or 15% of its staff, in a blog post published on the company's website on Tuesday.
The government instructed Vodafone Idea Ltd on Friday to issue equity shares in exchange for interest on delayed AGR and spectrum dues totaling 16,133 crore.
The bottom line improved significantly as the proportion of profit from joint ventures and associates increased to Rs 44 crore for the quarter, up from Rs 1 crore in Q3 FY22.
Bharti Airtel Q3 Results: Revenue from operations increased by 20% to ₹35,804 crore during the period under review, compared to ₹29,866 crore in the same period last year.
Ambuja shares were trading at ₹386.10 on the NSE, up 1.67% in late afternoon trades.
On January 24, entrepreneur Gautam Adani's firm lost roughly $120 billion in value after charges of accounting fraud were levelled by short-seller US investment organisation Hindenburg Research.
The BSE Sensex gained 113.93 points, or 0.19%, to 60,620.83, while the NSE Nifty 50 gained 36.80 points, or 0.21%, to 17,801.40.
Dozens of countries provided help in the aftermath of the 7.8-magnitude earthquake, which struck when many were still sleeping and in the midst of frigid temperatures, hampering emergency efforts.
Stocks to Watch: Tata Steel recorded a consolidated net loss of Rs 2,223.84 crore in the December quarter (Q3FY23) due to a steep decline in European realisations.
PayU's Lazypay and Kissht's buy-now-pay-later platform, was not operating on major cellular networks.
Tata Steel Q3 results: Ahead of the results, Tata Steel shares finished 2.62% down on Monday, at Rs 117.20 a share on the NSE.
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