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India’s per capita income to rise 70% to USD 4,000 by FY30: Report
According to the report, India's per capita income is anticipated to increase by approximately 70 percent to USD 4,000 by FY30. According to the findings of the study, the second most important factor in economic expansion will be household…
June tea production falls 3.7% to 137.85 million kg.
In the month of June, total tea production was down 3.7% to 137.85 million kilogrammes. In terms of regions, North India produced 109.70 million kilogrammes during the month, while South India's output volumes were 28.15 million…
Europe scrutinises Worldcoin crypto.
The cryptocurrency known as Worldcoin is already being investigated in Europe. The launch of Worldcoin on Monday comes at a time when the cryptocurrency industry is going through a rough patch as a result of the dramatic failure of FTX and…
Indian firms can directly list overseas via IFSC: Finance Minister
Finance Minister Nirmala Sitaraman has stated that Indian companies can easily list overseas via the IFSC. At the moment, companies can only list their stocks on overseas markets by utilising American Depository Receipts or Global…
LIC introduces the “Jeevan Kiran” insurance plan
LIC introduces the "Jeevan Kiran" insurance programme. The insurance term ranges from 10 to 40 years, and premium payments can be made in the form of a single premium or a recurring premium that is due for the duration of the policy term.
IT, banking stock sales drop markets for second day.
The stock markets have fallen for a second day due to selling in information technology and banking shares. On Thursday, the benchmark for the BSE down 440.38 points, which is equivalent to 0.66 percent, to finish at 66,266.82. Meanwhile,…
Jio, BlackRock entry rattles existing mutual fund firms; AMC shares fall
The regulator takes around two-three years to give final approval after the submission of an application by a new player.
India asks Japan, Korea to make FTAs balanced
Meanwhile, the minister also called India’s FTAs with 10 countries of the Association of Southeast Asian Nations (ASEAN) most “ill-conceived” and “unfair” to Indian industry.
Markets fall in early trade
The markets are going down as early trade begins. Axis Bank, Bajaj Finserv, NTPC, HDFC Bank, Tata Consultancy Services, JSW Steel, Tech Mahindra, ICICI Bank, and Kotak Mahindra Bank were the most significant laggards among the Sensex pack.
Government may raise Rs 16,000 crore via green bonds in FY24
When asked if the Centre is planning to give any tax benefits to foreign investors to buy green bonds, the official said India will not give any tax benefits on green bonds.
Lok Sabha passes Jan Vishwas Bill to boost ease of doing biz
The Bill proposes to do away with provisions entailing imprisonment and fines. All offences under the post office act, 1898 have been proposed to be removed.
REC declares robust Q1, FY24 results, rewards shareholders with Rs. 3 per share
New Delhi: The Board of Directors of REC Limited, have approved the unaudited standalone and consolidated financial results for the quarter ended 30th June 2023.
Owing to the improved asset quality and effective cost management, REC is…
Samsung launches two foldable smartphones with bending screens.
As part of its bet on handsets with bendable screens, Samsung has introduced not one but two new foldable smartphones. The main displays on the phones measure between 6.7 and 7.6 inches, making them more capacious than the displays on…
Jio BlackRock to enter mutual fund industry
The JV marks the re-entry of BlackRock in the mutual fund industry as it exited India in 2018 after selling its 40% stake in a joint venture with DSP Group.
IMF raises 2023 global economic outlook but predicts declining growth.
IMF nudges up 2023 global economic outlook but warns of slowing growth ahead. According to the International Monetary Fund's (IMF) most recent prediction, which was issued in April, the global growth forecast for this year was increased by…
US on ‘very narrow path’ to avoid recession: IMF chief economist
The IMF report also noted there are growing risks to China's economy following its post-pandemic reopening, especially in its troubled real estate sector.
Markets continue to correct after lifetime peaks
The market decline from historic highs continues. Additionally weighing on equities markets were inflows of foreign capital and crude oil prices that continued to trade at or above USD 80 per barrel.
Bain Capital acquires 90% of Adani Capital.
Bain Capital, a private investment firm, has purchased 90% of Adani Capital. Non-Convertible Debentures up to $50 million are also being made available to the corporation as soon as possible.
Transformation of Dharavi a colossal challenge: Gautam Adani
While I have no preconceived notions about redeveloping Dharavi, what I do have are good intent and an iron will for a human-centric transformation with the people of Dharavi at its centre.
PFC joins Asia Transition Finance Study Group, as 1st Indian company
Goa: Power Finance Corporation has announced joining “Asia Transition Finance Study Group” (ATFSG) during the Bilateral Ministerial Meeting between Minister of Power, New and Renewable Energy Mr. R. K. Singh and Mr. Yasutoshi Nishimura,…
