Monday, Jun 17, 2024 | Last Update : 01:23 PM IST

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Economy

Sitharaman said, "Introduction of Central Bank Digital Currency (CBDC) will give a big boost to the digital economy. (PTI Photo/ Shahbaz Khan

RBI to issue Digital Rupee in FY23: Sitharaman

Digital currency will also lead to a more efficient and cheaper currency management system

Finance minister Nirmala Sitharaman poses for a photograph as she leaves the Finance ministry to present the annual budget in the parliament in New Delhi. (Photo by Money SHARMA / AFP)

Sitharaman takes tablet in red pouch to Parliament to present paperless Budget

She posed for the traditional 'briefcase' picture outside her office along with her team of officials before heading to meet the President

Finance Minister Nirmala Sitharaman chairs her first pre-budget 2023 consultation with the first group of captains from industry and experts of infrastructure and climate change, in New Delhi, Monday, Nov. 21, 2022. Union MoS for Finance Bhagwat Kishanrao Karad and Pankaj Chaudhary are also seen. (PT)

India Inc. wants I-T cuts, focus on job creation, tax slabs

CII asks the government to lower income tax rates to help revive consumption demand

Union Finance Minister Nirmala Sitharaman in the Rajya Sabha, during ongoing Budget Session of Parliament, in New Delhi. (Photo: PTI)

Retail inflation contained at 6.2% despite biggest contraction in economy: Sitharaman

The finance minister stated that the objective of the budget is a stable and sustainable recovery in the economy

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

Market

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

 RBL MD & CEO Vishwavir Ahuja went on "medical leave" and the Reserve Bank of India (RBI) appointed Yogesh Dayal as an additional director on the bank's board. (Bloomberg)

RBL Bank slumps 20 pc on leadership changes

The sudden action from the central bank raises fears about asset quality and the overall health of the bank

Companies

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

Sabeer Ahluwalia (on the left) with Neil Shaw. (AA Image)

Eastern India gets a private jet club - Yaqoot Air Charter

The private jets will provide air strips in exotic locations that are usually not covered by regular airlines

Amazon, which is trying to block Asia’s richest man Mukesh Ambani from taking over the struggling Future retail chain, alleged last week that money from the local firm may have been diverted to other companies. (Bloomberg)

India’s anti-money laundering agency summons Amazon

We are in receipt of summons issued by the ED in connection with the Future Group, an Amazon spokesperson said

The LIC IPO would be the biggest IPO in the history of Indian stock market. (Photo: PTI)

Sebi approves LIC draft papers; clears decks for mega IPO

The IPO is offer for sale (OFS) by Government of India and there will be no fresh issue of shares by LIC

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

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. (PTI)

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

Mukesh Ambani (AFP)

Mukesh Ambani buys Dubai's costliest home ever for his son

The beach-side mansion sits in the northern part of Palm Jumeirah and has 10 bedrooms, a private spa, and indoor and outdoor pools

The business-to-business meetings will enable participants to identify opportunities for future collaboration, research and innovation, and facilitate the expansion of trade and investment. (Image credit: Facebook)

Largest UK delegation expected at Bengal Global Business Summit

The UK, in collaboration with the Bengal Chamber of Commerce and Industry, will facilitate business-to-business meetings during the summit

Union Finance Minister Nirmala Sitharaman speaks during her interaction with a group of Indian-overseas scholars and students from various US universities in Washington DC, USA  (PTI)

Coal is going to be back again as gas becoming unaffordable: FM Sitharaman

Russia has sharply curtailed natural gas shipments to Europe in retaliation for sanctions that the West put in place after Ukraine invasion

Sabyasachi advertisement on Mangalsutra campaign (Facebook)

Sabyasachi withdraws Mangalsutra campaign advertisement amid controversy

The withdrawal also came hours after MP Minister Narottam Mishra issued an ultimatum to Sabyasachi Mukherjee to withdraw the advertisement

The government will hold a meeting with industry stakeholders on Wednesday to explore the option of adopting a common charger for mobile phones and other portable electronic devices. (Representational image: ANI)

Common charger for all electronic devices: Govt to meet industry stakeholders

The sector-specific associations, industry bodies CII and FICCI and representatives from IIT Delhi and IIT BHU will be part of the meeting