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India will stay on course; projected to grow at 7 pc in 2022-23: FM Sitharaman
Both the IMF and World Bank project India to be the fastest-growing major economy in 2023.
Elon Musk forms X.AI artificial intelligence company
Musk's founding of what appears to be a rival to ChatGPT-maker OpenAI came despite recently calling for an overall pause in developing artificial intelligence.
iPhone maker takes big strides in India
In 2022, its plants in China faced a complete shutdown due to China’s zero-Covid policy. The simmering tension between the US and China has forced the company to shift its base to India or Vietnam.
Centre says no shortage, rules out import of dairy products
Last week, NCP chief Sharad Pawar wrote to Rupala and opposed importing dairy products.
Rupee gains 27 paise to close at 81.84 against US dollar
Global oil benchmark Brent crude futures declined 0.27 per cent to USD 87.09 per barrel.
Coal India Limited’s coking coal production up by 17.2% in 2022-23
Apart from the meagre availability, Indian coking coal has high ash content requiring washing for use in steel mills.
‘Integrity pact’ must for Delhi govt contracts over Rs 10 crore
Under the pact, both the parties, who entered into a contract, will commit not to resort to any corrupt practices at any stage of the work.
IMF cuts India growth forecast to 5.9 per cent in FY24
Despite the downward revisions, India continues to be the fastest-growing economy in the world, the World Economic Outlook figures revealed.
KMF says no merger with Amul
The chairman of KMF Balachandra Jarkiholi accused Opposition parties of playing politics over Amul’s ‘entry’ in Karnataka.
The Karnataka Milk Federation (KMF) has ruled out the possibility of a merger between Amul and Nandini.
The…
RBI issues framework for acceptance of green deposits by banks, NBFCs
Green finance is also progressively gaining traction in India, RBI said as it issued the framework for acceptance of green deposits by regulated entities.
Markets maintain winning run for 7th day; Sensex reclaims 60k mark
Rising for the seventh straight session, the 30-share BSE Sensex rose 311.21 points or 0.52 per cent to finish at 60,157.72.
Chinese shopping app Temu wows US amid TikTok fears
Fueling the frenzy were Temu's commercial spots during the Super Bowl in February that asked more than 100 million US viewers to "shop like a billionaire."
RBI issues detailed norms for outsourcing of IT services by banks, NBFCs
With a view to providing REs adequate time to comply with the requirements, the norms will come into effect from October 1, 2023.
Temasek to buy additional 41 per cent stake in Manipal Health Enterprises
Temasek will buy the additional stake from Manipal founder Ranjan Pai's family, TPG and the National Investment and Infrastructure Fund (NIIF).
Tata Motors shares jump over 5 per cent; market cap
The market valuation of the company jumped Rs 7,807.53 crore to Rs 1,53,130.58 crore.
49 companies show interest in Future Retail assets
Capital market regulator SEBI, last year in August, ordered a forensic audit of the accounts of FRL for the financial years 2019-20, 2020-21 and 2021-22.
Is dollar collapsing? No. It’s doom for petrodollar
Interestingly, the dollar faced a similar fate around this time last decade, when the US and its closest ally Europe imposed oil sanctions on Iran in 2012.
The latest fear gripping the global financial markets is the death of the dollar.…
Gas firms cut CNG price by Rs 8 a kg, PNG 5 per scm
It believes the reforms will help expand the consumption of natural gas and contribute to achieve target of emission reduction.
‘India more resilient than many economies’
Parekh said India has enough tailwinds with political stability, vaccine, food security, a domestic consumption-based economy, digitisation initiatives and a robust regulatory system for fin sector.
‘Digital health tech to bring down healthcare cost’
Lethlean emphasises financial support in developing, scaling and providing digital health tech to the masses and start-ups need to find a suitable business model.