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Thursday, Apr 25, 2024 | Last Update : 02:26 PM IST

Business

Amul fresh milk to debut in US, target NRIs, Asians

Union Finance Minister Nirmala Sitharaman with Union Minister of Parliamentary Affairs Pralhad Joshi during a press conference, in New Delhi, Wednesday, Feb. 7, 2024. (PTI Photo)

No cuts in Interim Budget allocations: Nirmala

The listed fintech major will also not be allowed to accept deposits, credit transactions or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, National Common Mobility Cards (NCMC) other than any interest, cashbacks, or refunds.

RBI Bars Paytm Bank from Offering Banking Services After February 29

The government has announced a substantial subsidy of Rs 24,420 crore on Phosphatic and Potassic (P&K) fertilisers for the upcoming kharif season, ensuring the stability of retail prices for key soil nutrients such as Diammonium Phosphate (DAP).

Union Cabinet approves subsidies for fertilisers

Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Budget session of Parliament, in New Delhi, Thursday, Feb. 8, 2024. (PTI Photo)

NDA revived economy after UPA mess: Centre

As per reports Hong Kong’s market capitalization dropped to $4.29 trillion on Monday, while India's market cap stood at $4.33 trillion. India’s market cap had crossed $4.5 trillion recently but has been falling since then on profit taking.

India emerges fourth largest stock market

The IMF on Monday released its annual Article IV consultation with India, according to which the South Asian country, underpinned by prudent macroeconomic policies, is on track to be one of the fastest-growing major economies in the world this year. (Photo- AFP)

IMF Sees India Adding 16% to Global Growth

The House also approved an additional outgo of Rs 9,200 crore spending by the Ministry of Petroleum and Natural Gas. (PTI File Image)

LS Gives Nod for Additional Cash Outgo of Rs 58,378 Crore

The Sensex closed at 69,928 after touching a high of 70,057.83 gaining 102.93 points or 0.15 per cent while Nifty-50 closed at 20,997.10 up 27.70 points or 0.13 per cent after hitting intra-day high of 21026.10. (PTI)

Sensex hits 70K-mark, Nifty touches 21K-level

ED notice to Byju’s for Rs 9K-cr fraud

As per the statement, refunds amounting to Rs 2.48 lakh crore have been issued from April 1, 2023 to January 10, 2024.

Net Direct Tax Collection Surges by 19%

The highest-ever revenue from Goods and Services Tax (GST) was recorded in April 2023 at Rs 1.87 lakh crore, while in September, it was Rs 1.63 lakh crore. (DC File Image)

GST Collections Rise 13 pc to Rs 1.72 Lakh Cr in October; Second Highest-ever

Currently, the MSP of wheat stands at Rs 2,125 per quintal for the 2023-24 marketing season (April-March). (Representational image: AFP)

Govt hikes wheat MSP by Rs 150 to Rs 2,275 per quintal for 2024-25

The government notifies the interest rate on small savings schemes, majorly operated by post offices, every quarter.

Government Increases Interest Rate on 5 Year Recurring Deposit Scheme

Staying on track in Q1 FY24, the economy showed significant growth due to domestic demand; the government capital expenditure and a services-led recovery shielded the nation from tighter monetary and weak global conditions.

India’s resilient GDP rises 7.8%

Columns

Dilip Cherian

Dilip Cherian | Wheels of discord: IPS officer in Haryana has an odd complaint

Senior IPS Officer Y. Puran Kumar Raises Eyebrows with Complaint of Car Discrimination Amid Lok Sabha Elections

Sanjeev Ahluwalia

Sanjeev Ahluwalia | The choice in Elections 2024: A grand spectacle or a wake?

Modi's "Guarantee 2024" vs Congress' "Nyay Patra" - A Clash of Narratives

Aakar Patel

Aakar Patel | If India becomes a Hindu Rashtra, will there be any difference at all?

Exploring the historical context and implications of the term "Hindu Rashtra" in light of constitutional and legal frameworks.

Shikha Mukerjee

Shikha Mukerjee | BJP dominance in political discourse sees adjustments

The BJP adapts its messaging, responding to opposition criticism with new assurances and clarifications.

Economy

Union Minister for Finance Nirmala Sitharaman and Kristalina Georgieva, Managing Director, International Monetary Fund in Washington D.C. (pib.gov.in)

Nirmala meets IMF chief; discusses impact of geopolitical situation on global growth

IMF chief highlighted India's well-targeted policy mix which helped the country's economy remain resilient even with a limited fiscal space

Finance Minister Nirmala Sitharaman chairs the GST Council meeting, in Chandigarh, Tuesday, June 28, 2022. (PTI Photo)

GST Council puts off compensation decision till August

A final decision is likely to be taken at the next meeting of the council in the first week of August

RBI Governor Shaktikanta Das. (PTI Photo)

RBI hikes benchmark lending rate by 35 basis points to tame inflation

This is the fifth consecutive rate hike after a 40 basis points increase in May and 50 basis points hike each in June, August and September

In 2020, the government had infused Rs 12,000 crore in some companies which are holding about 40 per cent market share in the general insurance space. Representational Image. (PTI)

Insurers pruning branch networks

The government's focus has now shifted more towards consolidation and profitability than expansion, and hence, the restructuring exercise

Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the second part of Budget Session of Parliament, in New Delhi, Friday, March 25, 2022. (PTI photo)

Lok Sabha passes Finance Bill

The Union Budget 2022-23 had proposed taxing crypto assets at the rate of 30 per cent, effective from April 1

Market

The BSE benchmark Sensex dived 617.26 points or 1.08 per cent to end at 56,579.89. During the day, it plummeted 840.28 points or 1.46 per cent to 56,356.87. (Representational Photo: PTI)

Sensex slumps 617 pts; Nifty falls below 17,000

Asian markets in Tokyo, Hong Kong, Seoul and Shanghai settled significantly lower

The increase in fuel inflation despite government measures to curb domestic petrol and diesel prices taken a few months ago, is a concerning factor. — DC File Image

Inflation falls for 3rd month

There has been a marginal slowdown in output in almost all the segments, including manufacturing

Petrol price was hiked by 30 paise per litre and diesel by 35 paise a litre. (PTI Photo)

Fuel price hike: Mumbai becomes first metro city to see diesel price cross Rs 100

The price of petrol in Delhi rose to its highest-ever level of Rs 103.84 a litre and Rs 109.83 per litre in Mumbai

All but one stocks on the Nifty PSU Bank gained on Tuesday. (Photo: PTI/File)

Shares of PSU banks gain

The Nifty PSU Bank Index gained 3.08 per cent on Tuesday

Companies

Google to invest USD 1 bn in Airtel; to buy 1.28 per cent stake for USD 700 mn

Google made the investment as part of its Google for India Digitization Fund

With high volatility in the equity market, contrarian player Life Insurance Corporation of India (LIC) has chosen to buy more stocks and sell less — DC File Image

LIC net buys Rs 34,000 cr stocks in Q1

The public sector behemoth booked Rs 5,076 crore equity profit during April-June against Rs 11,368 crore a year ago

Paytm had posted a loss of Rs 436.7 crore in the same quarter a year ago, according to an exchange filing. (PTI Photo)

Paytm Q2 loss widens to Rs 473 crore

Shares of the company closed at Rs 1,781.15 apiece, down by 0.86 per cent on the BSE on Friday

The Play Pass collection will include titles from sports, puzzles, or action games. (Photo: Twitter)

Google launches Play Pass in India to offer over 1,000 apps without ads

The Play Pass feature will be rolled out across the country during the week

Built on WhatsApp Business Platform, the partnership will expand access to Uber's mobility services in one of the company's largest international markets, it was stated. (Photo: Agencies)

Uber, WhatsApp announce partnership to launch ride-booking via WhatsApp in India

The first roll out on a pilot basis will take place in the northern city of Lucknow first, and will be expanded to other Indian cities soon

Autos

Hydrogen champion Hyundai races to electric as Tesla takes off. (AFP Photo)

Hyundai vs Tesla: Hyundai race to produce electric cars as Tesla takes off

No traditional automaker has been successful yet in catching up with Tesla, which retains an edge in battery and software technology

Ashok Leyland resumes production. (PTI Photo)

Ashok Leyland resumes production across India

The commercial vehicle major will be ensuring all the necessary health and safety protocols with regard to COVID-19 in its facilities

India's car sales plunge amid lockdown

Government last week sent India into a 21-day lockdown to try to curb the spread of the virus, forcing automakers to suspend manufacturing

BMW losses almost $800 million as sales slide during lockdowns. (AFP Photo)

BMW records first loss since 2009 as pandemic hits sales

The company reported an operating loss of 666 million euros, compared with an operating profit of 2.1 billion euros in 2019

In Other News

Prime Minister Narendra Modi during the virtual signing ceremony of India-Australia Economic Cooperation and Trade Agreement. (PTI)

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