News Overview

States’ total expenditure is budgeted to increase moderately in FY23, likely to be driven by a significant slowdown in capex (average growth of 21 states is 13.8%), while revenue spending should remain compressed (average: 8.5%).

The app also ensures efficient and seamless delivery with its ‘Direct to Home’ feature.

The Global Ayush Investment & Innovation Summit, to be held at Mahatma Mandir in Gandhinagar, Gujarat will be inaugurated by Honourable Prime Minister of India.

The delegation comprised industry representatives from most of the Export Promotion Councils and senior government officials.

The company plans to add 2nd denim line with 10 Mn Mtr per annum capacity which will commence at the start of H2FY23.

Here is the important stock market news to watch out for today.

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

For today weaker than expected margins saw Infosys ADR drop nearly 8% which could see IT stocks come under selling pressure.

LTI : The Exchange has sought clarification from Larsen & Toubro Infotech Limited with respect to recent news item captioned L&T Infotech, Mindtree to merge to create $22-bn entity: Report. The response from the Company is awaited.

The Exchange has sought clarification from Elecon Engineering Company Limited with respect to announcement dated 18-Apr-2022 informing about fire incidence at one of the factory sheds of the Company on 14th April, 2022.On the basis of aforesaid announcement, the Company is required to provide/clarify the following: 1. Expected quantum of loss/damage caused; 2. Whether loss/damage covered by insurance or not including amount; The response of the company is awaited.