Trends - Nirmala Sitharaman - Business Recorder

Nirmala Sitharaman

India’s Modi spends billions on jobs, key allies in first budget after election

NEW DELHI: India unveiled spending of billions of dollars to create new jobs and satisfy key coalition partners in...

Published 23 Jul, 2024 05:03pm

Business & Finance

India government cuts gross market borrowings to 14.01 trillion rupees for 2024-25

MUMBAI: The Indian government has lowered its planned gross market borrowing by 120 billion rupees ($1.44 billion)...

Published 23 Jul, 2024 01:33pm

World

Congress asks Modi to tax billionaires more

NEW DELHI: India’s main opposition Congress party asked Prime Minister Narendra Modi on Friday to impose an...

Published 13 Jul, 2024 06:54am

World

India races to build power plants in region claimed by China, sources say

NEW DELHI: India plans to spend $1 billion to expedite the construction of 12 hydropower stations in the...

Published 09 Jul, 2024 07:53pm

World

Indian PM Modi’s government retains Sitharaman as finance minister

NEW DELHI: Indian Prime Minister Narendra Modi’s new coalition government on Monday appointed Nirmala Sitharaman as...

Published 10 Jun, 2024 07:52pm

World

India says it is ready to mitigate economic impact of Iran-Israel conflict

India is prepared to take adequate steps to mitigate any impact of the Iran-Israel conflict on its economy and will...

Published 18 Apr, 2024 05:40pm

World

India's GDP set to grow 8% or more in Jan-March quarter: finance minister

NEW DELHI: India’s gross domestic product (GDP) is on track to grow by 8% or more in the quarter ending March 31,...

Updated 30 Mar, 2024 08:23pm

World

India boosts infrastructure spending in pre-poll budget

NEW DELHI: India’s finance minister unveiled her last budget Thursday before general elections this year,...

Published 02 Feb, 2024 05:20am

Business & Finance

India plans to spend $134bn on infrastructure, narrow fiscal gap

NEW DELHI: India’s Finance Minister Nirmala Sitharaman on Thursday unveiled plans to spend nearly $134 billion on...

Published 01 Feb, 2024 02:35pm

Business & Finance

India’s finance minister optimistic 10.5pc economic growth target achievable

NEW DELHI: Finance Minister Nirmala Sitharaman expressed optimism, in interview published on Friday, that India ...

Published 18 Sep, 2023 06:32am

World

G20 chair India says talks underway for global framework on crypto rules

MUMBAI: Discussions are underway on a global framework to regulate crypto assets, India’s finance minister said on...

Published 05 Sep, 2023 01:19pm

Business & Finance

India records strong 7.8pc growth in June quarter

NEW DELHI: India’s GDP grew by 7.8 percent in the June quarter, official figures showed Thursday, despite...

Published 04 Sep, 2023 06:21am

Technology

India gives partial relief on tax to online gaming firms

NEW DELHI: India has decided to levy taxes on online gaming companies on the total funds deposited to play online...

Published 02 Aug, 2023 08:39pm

World

India tax council to meet on Aug 2 to finalise online gaming tax

NEW DELHI: India’s Goods and Services Tax (GST) Council will meet on Aug. 2 to decide on a 28% tax on funds that...

Published 26 Jul, 2023 05:15pm

World

US working with India on platform to speed its energy transition: Yellen

GANDHINAGAR: The United States is working with India to develop an investment platform to lower the cost of capital...

Published 17 Jul, 2023 11:59am

World

G20 finance and bank chiefs to tackle debt crisis

GANDHINAGAR: G20 finance and central bank chiefs begin talks on Monday to discuss debt restructuring deals and...

Published 17 Jul, 2023 09:56am

World

Indian minister scoffs at Obama comment on protecting Muslims

NEW DELHI: India’s finance minister has derided comments by former US President Barack Obama that Prime Minister...

Published 26 Jun, 2023 12:24pm

World

India working to rein in inflation

NEW DELHI: Inflation in India is slightly above the “tolerance limit”, and the government is taking steps to...

Published 06 May, 2023 02:03pm

World

Indian govt has 54 Chinese investment proposals pending: finance minister

The Indian government has received about 54 foreign direct investment proposals from China since last year that are...

Published 27 Mar, 2023 08:06pm

World

India finance minister asks state run banks to assess risks

NEW DELHI: India finance minister has asked state-run banks to assess various financial health parameters amid...

Updated 25 Mar, 2023 09:26pm

Markets

Indian market regulator to update fin min on Adani probe this week

MUMBAI: India’s market regulator will update the finance ministry this week on its investigation into the Adani...

Published 13 Feb, 2023 09:40am

World

Indian regulators aware of concerns on Adani issue, finance minister says

NEW DELHI: Indian regulators are aware of concerns regarding the Adani Group conglomerate, the finance minister said...

Published 11 Feb, 2023 01:52pm

World

India says debt talks in focus at G20 finance meet

NEW DELHI: India wants to see international cooperation on debt relief at the forefront of discussions at a meeting...

Published 09 Feb, 2023 01:29pm

Markets

Indian shares decline as budget dents insurers

BENGALURU: Indian shares reversed earlier gains to close lower on Wednesday, led by a fall in insurance companies...

Published 02 Feb, 2023 06:12am

Markets

Yellen to travel to India, G20 summit as forum struggles with Ukraine war

WASHINGTON: US Treasury Secretary Janet Yellen will travel to India and the Group of 20 Summit in Indonesia next...

Published 04 Nov, 2022 02:16pm

World

India defers tax levy on unblended, dirtier fuel amid rising prices

NEW DELHI: India has deferred the imposition of taxes on dirtier and unblended retail fuel at a time when it is...

Published 01 Oct, 2022 01:54pm

Business & Finance

India launches first global bullion exchange

Move aimed at bringing transparency to precious metal market

Updated 30 Jul, 2022 12:06pm

World

India hikes taxes on household items amid inflation concern

NEW DELHI: India will raise taxes on certain goods and services including kitchenware to 18% from 12%, the finance...

Updated 29 Jun, 2022 07:11pm

World

Indian govt trims tax on fuel to fight inflation

NEW DELHI: India’s Finance Minister Nirmala Sitharaman on Saturday announced a reduction of taxes on petrol and...

Published 22 May, 2022 06:03am

World

India wants to be friends with West but needs Russian help to defend borders, says Finance Minister

MUMBAI: India wants to be strong friends with the "liberal world" but it needs Russia's assistance to defend its...

Updated 23 Apr, 2022 06:10pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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Budget 2024-25: income tax calculator for FY25

Nirmala Sitharaman

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