Photo: Car Tyres
Apollo Tyres Q2 Results: Revenue Grows By 18%, To Rs 5,077 Crore
Apollo Tyres Limited's revenue for the second quarter of the financial year 2021-22 increased by 18% to Rs 5,077 Crore compared to the first quarter. Reportedly, the company had registered Rs 4295 in the last quarter, making the total Rs 9,662 crore for the half of FY21. ''We've seen a robust demand...which is visible in the healthy revenue,'' said Onkar Kanwa, Chairman of the company.
Tags: Apollo Tyres, Q2, FY21, revenue, Growth
Courtesy: United News Of India
Photo: Kafkadesk
Indian Economy To Grow At 7.9-9.6% in FY21
The Indian economy reportedly grew at the rate of around 19-20% in the first quarter of 2021 and the GDP for FY21 may grow at 7.9-9.6%. Besides, the Reserve Bank of India (RBI) also suggested the growth for the first quarter at 21.4% and to remain at 9.5% for the whole year. However, the real picture of the GDP growth will be shown on August 31.
Tags: Economic growth, GDP, SECOND WAVE, RBI, FY21
Courtesy: The Economic Times
Photo: The National
25 Central Ministries Spends Less Than 80% Of The Allocated Fund
Budget documents show that 25 Central Ministries have spent less than 80% of the money that was allocated to for 2020-21. Reportedly, the aforementioned Ministries already operate with significantly smaller budgets and were less than 10 in number for the past three years. The Ministries have collectively spent 44% of their budgetary capital expenditure of Rs 90,000 crore. However, the lower utilization of funds affects their allocation for… read-more
Tags: Union Budget 2021, union ministry, FY21, Budget
Courtesy: LiveMint
