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Indian stock markets close FY23 on a high note
"Indian markets witnessed a smart rally today, led by the large caps and supported by small and mid-caps. Indian markets played a catch-up rally with global markets, which had witnessed two consecutive days of the strong move, while Indian markets were closed yesterday (Thursday) due to a holiday," said Naveen Kulkarni, Chief Investment Officer, Axis Securities.
Government received Rs 20.39L cr till Feb, spent Rs 34.93L cr
Meanwhile, total expenditure incurred by the government stood at Rs 34,93,590 crore, out of which Rs 29,03,363 crore was on revenue account and Rs 5,90,227 crore on capital account. Out of the total revenue expenditure, Rs 7,98,957 crore was on account of interest payments and Rs 4,59,547 crore was on account of major subsidies.
HAL registers highest ever revenue of Rs 26,500 cr in FY 2022-23
"Despite the challenges of supply chain disruptions due to geo-political situations, the company could achieve the targeted growth in the top line. This was possible with the increased thrust on indigenisation and with the available inventory," said C. B. Ananthakrishnan, Chief Managing Director, HAL.
Quick Commerce sees 144% growth in mobile users in 2022: Report
According to Truecaller's Mobile User Growth Trends Report 2022, quick commerce contributed 72 per cent of traffic in Tier 1 cities, with Sundays recording the highest user traffic. However, job portals, which were the top growth category in 2021, faced pushback due to a flat job market.
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Stop OpenAI from launching new GPT models: AI policy group to US FTC
The nonprofit research group Center for AI and Digital Policy (CAIDP) made public its complaint against OpenAI on Thursday, alleging the company violated Section 5 of the FTC Act, which prohibits unfair and deceptive business practices, reports CNBC. According to CAIDP, GPT-4 is "biased, deceptive, and a risk to privacy and public safety".
Government hikes interest rate of small saving schemes, maximum in Sukanya Samridhi Yojana
However, savings deposit interest rates and PPF interest rates have been kept unchanged at 4 per cent and 7.1 per cent respectively. The interest rate of Sukanya Samriddhi Yojana has been significantly hiked to 8 per cent from the existing 7.6 per cent, while interest rate of NSC has been hiked from the existing 7 per cent to 7.7 per cent.
Pakistan forex reserves fall to less than a month's import cover
In its weekly bulletin, the SBP said that its foreign exchange reserves have decreased by $354 million to $4.2 billion as of the week ended March 24, which will provide an import cover of less than a month, Geo News reported. The net forex reserves held by commercial banks stood at $5.6 billion, $1.3 billion more than the SBP, bringing the total liquid foreign exchange reserves of the country to $9.8 billion, the statement said.
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