Tag: Business

Global Agency Moody’s Raises India’s Growth Forecast To 6.7 Per Cent For 2023

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Moody’s Investors Service today raised India’s growth projection for 2023 calendar year to 6.7% New Delhi: Moody’s Investors Service today raised India’s growth projection for 2023 calendar year to 6.7 per cent on account of robust economic momentum. “Strong services expansion and capital expenditures propelled India’s 7.8 per cent real GDP growth in the second…

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Chief Economic Adviser V Anantha Nageswaran’s Prediction On India’s GDP Growth, Fiscal Deficit

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The Chief Economic Advisor was briefing media following the release of first quarter GDP numbers. (File) New Delhi: Chief Economic Adviser V Anantha Nageswaran on Thursday said the economy is expected to grow at 6.5 per cent in the current fiscal notwithstanding deficient rains in August. India recorded economic growth of 7.8 per cent in…

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RBI Authorises Bandhan Bank For Disbursing Civil Pension

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New Delhi: Private sector lender Bandhan Bank on Tuesday said it has been appointed by Reserve Bank of India as an authorised pension disbursement bank on behalf of the Central Pension Accounting Office (CPAO) for the civil pensioners. The bank will soon be integrating with the office of CPAO, Ministry of Finance, to operationalise the…

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In Mega Push, Mukesh Ambani’s Jio Guarantees “AI To Everyone, Everywhere”

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Unutilized Delhi: Jio Platforms is raring to manage efforts in creating Republic of India-specific AI fashions and AI-powered answers throughout domain names, handing over the good thing about this new-age era to Indian voters, companies and executive, RIL Chairman Mukesh Ambani mentioned on Monday promising “AI to everyone, everwhere”. Terming Synthetic Perception (AI) as probably…

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Government’s Top Priority Is To Tame Inflation: Finance Minister Nirmala Sitharaman

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Finance Minister Nirmala Sitharaman said the government’s top priority is to tame inflation (File) New Delhi: Finance Minister Nirmala Sitharaman today said the government’s top priority is to tame inflation to ensure sustained economic growth. Addressing the B20 Summit India, being hosted by the Confederation of Indian Industry (CII), the minister said the GDP numbers…

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CBI Charges Visa Power For Bank Fraud Of Rs 1,964 Crore: Report

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CBI has registered an FIR against Visa Power and its then chairman Vishambhar Saran. New Delhi: The CBI has registered an FIR against Visa Power and its then chairman Vishambhar Saran in connection with an alleged bank fraud of Rs 1,964 crore, officials told Press Trust of India on Thursday. The action of the agency…

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Qatar Investment Authority To Invest Rs 8,278 Crore In Reliance Retail

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Qatar Investment Authority will invest Rs 8,278 crore in Reliance Retail. New Delhi: Reliance Industries on Wednesday announced that Qatar Investment Authority (QIA), through a wholly-owned subsidiary, will invest Rs 8,278 crore into its retail arm Reliance Retail Ventures Limited (RRVL). “This investment values RRVL at a pre-money equity value of Rs 8.278 lakh crore,”…

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Sensex Rises 145 Points In Early Trade After 2 Days Of Decline

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The 30-share BSE Sensex climbed 145.44 points to 65,094.10 in early trade. (File) Mumbai: Equity benchmark indices rebounded in early trade on Monday after two days of decline amid mixed global market trends. The 30-share BSE Sensex climbed 145.44 points to 65,094.10 in early trade. The NSE Nifty gained 45.05 points to 19,355.20. From the…

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India’s ONGC Videsh Secures 3-Year Extension To Explore South China Sea

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ONGC Videsh is the overseas investment arm of India’s top oil explorer Oil and Natural Gas Corp. Mumbai: Indian energy company ONGC Videsh has secured a three-year extension from Vietnam to explore ‘Block 128’ in the South China Sea, it said in a post on social messaging platform X, formerly known as Twitter. Conflicting territorial…

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Adani Group Market Cap Jumps To 3-Month High, Adds Rs 45,200 Crore On Friday

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Overall market capitalisation of 10 Adani Group companies shot up to Rs 10.96 lakh crore on Friday Mumbai: Billionaire Gautam Adani’s ports to power conglomerate added over Rs 45,200 crore in market capitalisation in a single day on Friday as shares of all 10 listed group firms surged after global investors showed renewed interest in…

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