Budget 2024 highlights: FM Nirmala Sitharaman to table Budget on July 22?

Budget 2024 Live updates: Finance minister Nirmala Sitharaman could give you more cash in hand next month

Namita Thapar's Emcure Pharma has received Sebi's nod for the IPO. The company is likely to launch the issue in the next two months. The IPO includes fresh equity sale worth ₹800 crore and an OFS of 1.36 crore equity shares by promoters and existing shareholders, it was reported.

Reserve Bank governor Shaktikanta Das said that timely action on unsecured loans has moderated the growth of such loans. Speaking at the second global conference on financial resilience organised by the College of Supervisors in Mumbai, he said, “We thought it is better to act in advance and slow down the credit growth in these segments.”

The government has successfully monetized ₹3.85 lakh crore through the core assets of various ministries and Public Sector Enterprises (PSEs). In the 2021-22 budget, the government announced plans to monetize potential core assets of the central government and PSEs.

Finance Minister Nirmala Sithraman may increase income tax exemption limit in the upcoming Budget 2024 which is the first for the third term of the PM Modi Government. News agency Reuters reported that the first full-fledged Budget 2024 of Modi 3.0 may relieve taxpayers as the government is considering reducing income tax rates for specific groups of individuals. Read more

Indian shares opened marginally higher on Thursday, led by private sector banks after positive commentary on the sector from Macquarie, while a drop in pharma stocks capped gains.

The NSE Nifty 50 was up 0.06% at 23,531.30, while the S&P BSE Sensex added 0.17% to 77,477.91, as of 9:27 a.m. IST.

State Bank of India Chairman Dinesh Kumar Khara pitched for tax relief on interest income, saying it would help banks to garner savings that could be used for funding long-term infra projects.

The finance minister is likely to hold pre-budget consultations with industry chambers on June 20.