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SC registry refuses to accept Centre’s plea on 2G spectrum verdict
The Centre, in its plea, has sought exemption from auctioning the 2G spectrum for non-commercial purposes in discharge of sovereign functions of the state.
India saved USD 13 billion by importing discounted Russian crude
The share of crude petroleum imported from Russia surged to around 36% in the 11 months of the fiscal year 2024 from a mere 2% in the fiscal year 2022.
After four months, onion export to 6 countries allowed
Onion exports were banned on December 8 last year until March 31, 2024, to control domestic prices. This ban was later extended due to concerns about price inflation.
REC Avails SACE-Covered Green Loan Facility Worth JPY 60,536 Billion
SACE'S Fist JPY-Dominated Loan Transaction will help gain support for sustainable development projects in India: CMD Devangan
‘No spectrum auction where it is not feasible’
The minister also gave an example of the upcoming spectrum auction for telecommunication services in the country in the first week of June 2024.
Sensex climbs 640 points; Nifty tops 22,300-level in early trade
The BSE benchmark climbed 599.34 points or 0.83 per cent to settle at 73,088.33 on Friday.
Yarn-maker Sanathan Textiles scales down IPO to Rs 800 cr from Rs 1,300 cr
The IPO comprises fresh issue of Rs 500 crore and an offer for sale of up to Rs 300 crore by promoters and promoter groups
Markets tank in early trade as Middle East tensions flare-up
The 30-share BSE Sensex tanked 672.53 points to 71,816.46.The NSE Nifty dropped 218.2 points to 21,777.65.
Crude import bill declines by 16% in FY24
As per the data, domestic production of petroleum products has shown positive growth. Output in March 2024 was 1.5% higher than March 2023, and for entire financial year, it grew by 3.6% compared to the previous year.
Bharti Airtel signs definitive agreement with Dialog, Axiata Group to merge Sri Lanka operations
Dialog will acquire 100% of the issued shares in Airtel Lanka, in consideration of which Dialog will issue to Bharti Airtel, ordinary voting shares which will amount to 10.355% of the total issued shares of Dialog by way of a share swap.
No separate records on Vande Bharat’s profits,
Railways says over 2 crore passengers have used Vande Bharat trains since launch; trains covered a distance equivalent to 310 Earth rounds in 2023–24.
Market falls for third session; US bond, gold price rise on Middle-East tension
This is a major dampener for global equities but a positive for the bond market.
Coal India Limited’s capex rises 6.5% to record Rs 19,840 crore in 2024
In the previous financial year, the capex was Rs 18,619 crore.
2023 was a record year for wind installations as world ramps up clean energy
The global cumulative wind power capacity now totals 1,021 gigawatts.
Wholesale inflation inches up marginally to 0.53% in March
Food inflation moved up marginally to 6. 88 per cent in March from 5. 42 per cent in the same month a year ago, data showed.
Why is financial literacy falling short?
Financial literacy is not merely answering a few questions about interest rates, rates of return, or inflation. It can be estimated based on financial knowledge, financial behaviour, and financial attitude.
Real estate sector expected to grow three times to $1.5 trillion by 2034
The proportion of high-net-worth and ultra-high-net-worth individual households is expected to rise from 3 % now to 9% by 2034, which will drive demand for luxury housing.
From 25k to 75k: Tracking India’s equity market in the past decade
The BSE Sensex has roughly added 50,000 points in just one decade and the broader NSE Nifty50 has sprinted from 7,400 to 22,500 levels.
Govt asks all gas-based plants to be operational from May 1 to June 30 as electricity demand surges
A significant portion of Gas-Based Generating Stations (GBSs) is currently unutilized, primarily due to commercial considerations.
Oil demand to rise by 0.2 mn bl/day
Annual traditional festivities are expected to support transportation activity and boost petrol, while the ongoing air travel recovery is expected to bolster jet or kerosene demand.
