News Overview

The EBITDA margin increased by approximately 400 basis points between April and June, reaching 17.5% from 13.45% the previous year.

The minister also stated that the Indian space economy will grow by five times over the next decade.

Gensol Engineering reported an almost threefold increase in total net profit to ₹20 Crore during the March 2024 quarter.

In Q1 of this fiscal year, EBITDA remained constant at ₹19.9 Crore. The EBITDA margin was 7.7% in the reporting quarter.

The stability of the BJP-led NDA government depends on backing from its partners, the TDP and the JDU, which together have 28 legislators in the Lok Sabha.

Budget 2024 has increased Long term Capital Gains tax from 10% to 12.5%.

This is much lower than the objective of 5.1% set in the interim Budget, which was already 70 basis points lower than the previous fiscal year's revised forecast of 5.8%.

corporations can now employ interns at ₹5,000 per month for up to a year, with funding possible through corporate social responsibility (CSR) budgets.

Expansion of support for street vendors through the Svanidhi scheme and new urban haats to boost local economies.

The Model Skill Loan scheme will be revised to provide loans up to ₹7.5 lakh, backed by a government-promoted guarantee fund.