BUSINESS
LIC Increases Stake in Biocon to 5.02%
Earlier, LIC had a stake of 4.98 per cent in the pharma company.
India Reports 5.35% Growth in Exports, Reaching $328.86 Billion from April to August
For the April-August 2024 period, merchandise exports were recorded at $178.68 billion. This was a slight improvement over $176.67 billion in the corresponding period last year, growing by a positive 1.14%.
Sensex and Nifty Remain Flat Amidst Mixed Global Cues
The midcap and smallcap stocks saw marginal selling. The Nifty midcap 100 index dipped 51 points or 0.08 per cent to 60,208, whereas the Nifty smallcap 100 index dropped 58 points or 0.30 per cent to 19,478.
Buchs putting out facts contradicting Congress allegations, Says Sitharaman
When asked about her assessment of the situation involving Madhabi Puri Buch, minister Sitharaman said: "Quite a few of the allegations have been answered… I think the facts will have to be taken on board." That is for the first time that Sitharaman spoke on the issue.
India becoming a major stakeholder in global supply chain, Says PM Modi
Inaugurating the Tuticorin International Container Terminal in Tamil Nadu virtually, PM Modi said that it was more than Rs 7,000 crore being invested by the country for developing an Outer Harbour Container Terminal and the VO Chidambaranar Port, which was known as Tuticorin Port, continues to expand in its handling capacity.
Adani Group Strongly Refutes Fake Press Releases About Its Kenyan Presence
There are numerous fabricated press releases on the group's presence in Kenya, which a set of some "vested interests with malicious intent" have been circulating around.
India no more a sleeping giant, but a favoured investment destination, Says Jagdeep Dhankar
The economic upsurge is exponential and according to global institutions India, he said, is a favourite destination of investment and opportunity. In the next couple of years, India will emerge as the third-largest global economy, the Vice President said while addressing the inauguration of the digital tower at the Shri Ramdeobaba College of Engineering and Management, Nagpur.
China Bans PwC for 6 Months, Fines $62 Million Over ‘Audit Lapses’
China's finance ministry said that PwC China and the Guangzhou branch of the auditor knew "major mistakes" in the Evergrande audit from 2018 to 2020 but did not report them. The ministry report said it shut the Guangzhou branch of PwC China. PwC said in a statement: "we are disappointed by PwC Zhong Tian's (or PwC ZT) audit work of Hengda, which fell unacceptably below the standards we expect of member firms of the PwC network."???
SEBI Chairperson and Husband Deny Involvement in Mahindra, ICICI Bank Controversy
"First of all, as per preliminary and grey evidence all the allegations made are false, incorrect, malicious and motivated. The allegations themselves are based on our Income Tax Returns. In other words, all these matters are a part of our Income Tax returns in which all these matters have been fully disclosed and taxes have been duly paid," the couple stated.
Government Removes Minimum Export Price Thresholds on Onions and Basmati Rice
The government had unbanned onion exports in May 2024 but had imposed an MEP of $550 a tonne. Basmati rice was subject to an MEP of $1,200 a tonne on 25 August 2023. That was cut to $950 a tonne in October last year.
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