BUSINESS
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.
Adani Group Recognized in TIME’s World’s Best Companies of 2024
The list was prepared in collaboration with Statista - a global industry ranking and statistics portal.
Air travel has become inclusive, affordable in India, Says PM Modi
Modi also told representatives of Asia Pacific countries that they too could study the success of the scheme — UDAN — and pitched for creating a "network of opportunities" through aviation in the region. Addressing the second Asia Pacific Ministerial Conference on Civil Aviation here, attended by nearly 300 representatives from 29 countries, Modi also mooted the idea of an international Buddhist circuit through air connectivity that would benefit countries and people.
Hindenburg Alleges $310 Million Frozen in Swiss Bank Account; Adani Group Denies Claims
In a post on X, Hindenburg cited "newly released Swiss criminal records reported by a Swiss media outlet" to state that "Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts as part of a money laundering and securities forgery investigation into Adani, dating back as early as 2021.
India's Industrial Production Grows by 4.8% in July
The quick estimates of IIP stood at 149.6 against 142.7 in July.
India and China Discuss Civil Aviation Cooperation and Resumption of Direct Flights
Civil Aviation Minister K Rammohan Naidu, Civil Aviation Secretary Vumlunmang Vualnam, and other senior officials met representatives from China on the sidelines of the Asia Pacific Ministerial Conference on Civil Aviation in the national capital.
Sensex Surges Past 83K, Nifty Hits Lifetime High Amid Rally in Blue-Chip Stocks and Global Markets
A fierce fag-end rally propelled the 30-share BSE Sensex beyond the 83,000 mark for the first time. The benchmark surged 1,593.03 points or 1.95 per cent to an all-time intra-day high of 83,116.19 during the final hour of trade. It closed at an all-time high of 82,962.71, up 1,439.55 points or 1.77 per cent.
UK Economy Flatlines Again in July, Reports ONS
The economy of the UK did not grow for the second consecutive month, the Office for National Statistics said.
Sensex Drops 398 Points, Tata Motors and SBI Lead Losses
Banking stocks were in the frontline of selling with Nifty Bank losing 262 points or 0.51 per cent to 51,010.
PN Gadgil Jewellers Raises Rs 330 Crore from Anchor Investors Ahead of IPO
The anchor investors are ICICI Prudential Life Insurance Company, Tata MF, Axis MF, Mirae Asset MF, HDFC MF, Bandhan MF, Nippon India MF, Goldman Sachs (Singapore) Pte, Citigroup Global Markets Mauritius, Societe Generale, Troo Capital and The Jupiter Global Fund.
Don't Miss
Advertisement