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Finance ministry defends Q1 GDP numbers amid concerns over data credibility
On the issue of the discrepancy between income Vs expenditure approach, Ministry stated that real GDP growth for Q1 FY24 stood at 7.8% YoY, based on the income or production approach.
12 companies hit IPO market in September; expect to raise over Rs 10,000 crore
The company is likely to announce the price band and subscriptions dates on Monday.
Being 5th largest economy ‘impressive,’
Former RBI Governor C Rangarajan opined that growth without equity is not sustainable.
Govt hikes windfall tax on domestic crude, reduces levy on export of diesel
The government expects these tax adjustments to have a positive impact on the nation's fiscal health and its position in the global fuel market.
REC extends Rs. 6,075 Cr to Greenko and 3,081 Cr for Serentica as Green Transition Financing
Gurugram: REC Limited has sanctioned Rs. 6,075 Crore to Greenko for erection of 1440 MW Standalone Pumped Storage Project in Madhya Pradesh according to a company press note.
The country’s premier NBFC-IFC is also in advanced discussions…
Finance Ministry notifies 31 state benches of GST appellate tribunal
Setting up of state-level benches of GSTAT would help businesses by way of faster dispute resolution.
Sensex, Nifty hit fresh record peaks in early trade
Rallying for the 11th day running, the 30-share BSE Sensex climbed 255.46 points to hit its fresh all-time high of 67,774.46 in early trade.
European Central Bank hikes key rate to record high
Nevertheless, the bank signalled that its 10th straight hike could be its last, shifting its emphasis from raising rates to keeping them high enough for long enough to beat down inflation.
India’s fast food chains laid low by inflation; Chicken items still in vogue
Higher prices of dairy items has hurt sales at international fast food chains in India, but a moderation in chicken prices has supported sales of fried chicken and chicken sandwiches and burgers
Elon Musk, Mark Zuckerberg visit US Congress to discuss AI
The three-hour morning session covered a broad range of AI issues including its dangers and potential, with participants agreeing that the government had some role in dealing with the fallout from AI.
IT services sector growth expected to slow to 8-10% in FY2024 amid geopolitical risks
The Indian IT services industry remains dependent on the US and EU— the regions constitute nearly 86% of revenue share— with export growth mapping the GDP growth rates in these regions.
Saudi, Russian oil cuts to cause big supply shortfall: International Energy Agency
The warning in the IEA’s monthly market report comes a day after oil prices jumped following OPEC’s own update showing that the gap between global supply and demand would be the widest since 2007.
Russia resumes fertilizer trade with United States, ends discounts to India
As per industry experts, the rise in fertilizer prices will not impact the farmers as they get subsidies on it.
Hygiene and wellness brand Pee Safe raises USD 3 million
The round was led by pharmaceutical company Natco Pharma Ltd and Rainmatter Health, supported by Zerodha founders Nithin Kamath and Nikhil Kamath.
Razorpay acquires digital invoicing startup BillMe
The partnership aims at empowering businesses with a hybrid model to engage better with end consumers, according to a release.
Nifty hits fresh all-time high level in early trade as markets extend rally to 8th day
The 30-share BSE Sensex jumped 412.02 points to 67,539.10 in early trade. The Nifty climbed 114 points to 20,110.35 -- its all-time high mark.
Online travel aggregator Yatra, Zaggle IPOs to open this week
As part of the OFS, THCL Travel Holdings Cyprus Ltd and Pandara Trust - Scheme I through its trustee Vistra ITCL (India) would offload shares.
India and UK committed to swift conclusion of Free Trade Agreement: FM Nirmala Sitharaman
There is definitely some discussion on the FTA... the key on both sides is to conclude it as soon as possible, she said in a press conference alongside UK Chancellor of Exchequer Jeremy Hunt.
Markets continue to rally for 7th day running
The 30-share BSE Sensex climbed 293.7 points to 66,892.61 in early trade. The Nifty advanced 95 points to 19,914.95.
IMF chief urges G20 countries to pursue sound policies to help stability
The IMF MD called for all countries to pursue sound policies to support economic and financial stability and growth-oriented structural reforms.
