Economy and Finance

Adani Enterprises decided not to go-ahead with its fully subscribed Follow-on Public Offer (FPO), with the Group chairman Gautam Adani stating on Thursday that it would not be "morally correct" to go ahead with the Rs 20,000-crore share in the current market condition. 

The govt could have spent hugely in populist schemes in budget ahead of the 2024 elections, but they chose long term capex

Adani Group stocks were put under Additional Surveillance Measures (ASM) to curb short selling and stock volatility.

Calling it a morally correct step, Gautam Adani said in a statement that the board took the decision to withdraw the FPO considering the volatility of the market.

Gautam Adani, Chairman, Adani Enterprises Ltd referred to the volatility in the stock over the last week and said the interest of the investors is paramount and to insulate them from any potential financial losses, the Board has decided not to go ahead with the FPO.

The Union Budget incorporated every sector's expectations as it announced a slew of developmental and tax-saving proposals

Comparative analysis of income tax for various taxable incomes under existing and revised tax structure under new tax regime

The initiative is being launched to commemorate 'Azadi Ka Amrit Mahotsav'. "One-time new small saving scheme under 'Mahila Samman Saving Certificate' will be made available up till March 2025.

In the last full-fledged budget of the second Narendra Modi government, major reliefs have been announced for the income tax payers

FM Nirmala Sitharaman talked about previous achievements during budget 2023