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Post-Covid, profits rise faster than investment

Profits pulled sharply ahead of investment in FY24 (Representative image) MUMBAI: Corporate profits have recovered much faster than investment after the pandemic, with aggregate profit before interest and tax (PBIT) growing 21.4% in FY24 against 6.1% growth in gross fixed assets (GFA), an Economic Advisory Council to the Prime Minister working paper has found.Profitability itself...

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All Banke Bihari donations must go to deity: Supreme Court

SC said all donations must be deposited in temple donation boxes or credited online into the temple account. NEW DELHI: The SC Tuesday took strong exception to the report of the court-appointed high-powered committee (HPC) headed by a retired HC judge that donations at Banke Bihari temple at Vrindavan are being pocketed by sevayats and...

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Govt seeks 2 years to frame creamy layer criteria for PSU, private staff kids

The SG said Centre was not seeking review or modification of the judgement. NEW DELHI: Seeking two years to frame creamy layer criteria for OBCs, Centre Tuesday requested Supreme Court for an early hearing on its application against retrospective implementation of SC’s March 11 judgement, which disallowed this classification of OBC candidates based on the...

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No intention to quit politics, Nitin Gadkari clarifies

Statement taken out of context, not political: Gadkari’s office. NEW DELHI: Road transport minister Nitin Gadkari’s office said on Tuesday that his remark that the younger generation should be given more responsibility as “he could no longer take on as much work as before”, had been misinterpreted to suggest that he intended to quit politics.In...

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