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News18
28 minutes ago
- News18
Himachal govt to auction securities worth Rs1,000 crore
Agency: PTI Shimla, Jul 26 (PTI) Reeling under an acute financial crunch, the Himachal Pradesh government has notified Government Stock (securities) of a 22-year tenure to raise Rs 1,000 crore, and the proceeds would be utilised for development programmes, officials said on Saturday. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, on July 29, 2025. Bids for the auction would be submitted in electronic format, on E-Kuber Core Banking Solution of the RBI, and the consent of the central government has been obtained for floating the loan as required by Article 293(3) of the Constitution. As per the notification, the securities will be of 22-year tenure commencing on July 30, 2025, and the loan will be repaid at par on July 30, 2047, and the interest will be paid on a half-yearly basis on January 30 and July 30 every year. The competitive bids will be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system, while the non-competitive bids will also be submitted electronically on the E-Kuber system. The result of the auction will be displayed by the RBI on its website on the same day, and the payment by successful bidders will be made on July 30, 2025, before the close of banking hours. The state government had been procuring loans through the sale of government securities in the past, and such loans were procured in 2020, 2023, 2024 and now in 2025 also. PTI BPL BAL BAL (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 26, 2025, 21:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.


Time of India
an hour ago
- Time of India
Maintaining sustained growth top priority, says FM Sitharaman
New Delhi: Maintaining sustained growth is the top priority amid global uncertainties, and an incremental rise in public capital expenditure is one of the drivers for economic development, Finance Minister Nirmala Sitharaman said on Saturday. The statement assumes significance as the Indian economy grew by 6.5 per cent in FY25. This growth was the slowest in four years, and compares to a 9.2 per cent expansion in the previous 2023-24 fiscal. The Economic Survey has projected the GDP growth for FY26 between 6.3 per cent and 6.8 per cent, while the RBI lowered its growth forecast from an earlier level of 6.7 per cent to 6.5 per cent for the ongoing financial year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Only Classless Women Wear these Over a Certain Age Learn More Undo Speaking at a book release event here, Sitharaman said, "To maintain the growth is the topmost priority. Growth is the topmost, and therefore, it will have an overlap with how you create jobs..." Keeping India relevant amid global challenges and being there in a leadership position, and moving forward along with other countries are other priority areas, she said, adding that the priority would also be to redefine the voice of the Global South. Live Events Finding resources for meeting many domestic economic aspirations within fiscal constraints is another priority, she said while releasing the book titled 'A World in Flux: India's Economic Priorities'. She further said the incremental rise in public capital expenditure is one of the primary drivers of sustained economic growth. "Public investments have kept pace. It has been Prime Minister Narendra Modi's clear instruction that we have to have capital expenditure grow and grow significantly. I confidently believe that it is one of the primary drivers of sustained economic growth," she said. The other focus area of the government is to push growth through a friendly and attractive FDI policy to be able to get more and more investments happening in India. Besides, she said, the healthy competition among states to attract investment is also a good sign. Speaking about bilateral trade deals, the finance minister said such agreements are taking priority over multilateral trade. "On the bilateral trade front, we are moving forward and we have seen bilateral agreements being signed in the last four to five years with Australia, UAE and the UK. Negotiations are progressing well with the United States as well as the European Union," she said. Asked about relations with China, Sitharaman said it is getting a bit better, and the beginning has been made with the visit of the External Affairs Minister recently. "We need more access, and we need to have a lot more interaction, and possibly open some windows. And that's not just from our side, even the Chinese have been approaching through the MEA. "So, you had External Affairs Minister S Jaishankar go. There is something, some kind of a beginning, as to how much it will take us far; how far it will go is something we will have to wait and see. It might help the economy; however, a sense of caution would have to be built in," she added.
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Business Standard
an hour ago
- Business Standard
Whirlpool India Q1FY26: Net profit steady at ₹146 cr despite revenue dip
Consumer durables maker Whirlpool of India Ltd on Saturday reported a marginal increase in its consolidated net profit to ₹146.08 crore for the June 2025 quarter. The company had posted a net profit of ₹145.25 crore during the April-June quarter of the previous fiscal, according to a regulatory filing by Whirlpool of India, a subsidiary of US-based Whirlpool Corporation. Its revenue from operations slipped 2.58 per cent to ₹2,432.32 crore during the quarter under review. It was ₹2,496.86 crore in the corresponding period of the previous fiscal. "Despite a very significant decline in industry of air conditioners and refrigerators in Q1 2025-26 versus a year ago due to a poor summer and onset of early monsoon that affected all players, Whirlpool was able to actually grow profits by keeping its volume decline minimal via continuing to gain market shares in the refrigerator and washer category in April-May," the company said in its earning statement. Whirlpool of India's total expenses were ₹2,289.95 crore in the June quarter, down 2.65 per cent. Its total income, which includes other income, declined 2.42 per cent to ₹2,486.39 crore in the June quarter. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)