BUSINESS

India maintains its position as the world's fastest-growing economy, outpacing China, which is forecasted to grow at 4.6 per cent during the same period.

In a sincere gesture, Baba Ramdev expressed, "We tender an unconditional and unqualified apology for whatever mistake we made," before a bench headed by Justice Hima Kohli.

In the first segment, the offering includes the '7.37 per cent Government Security 2028,' set at a notified amount of Rs 12,000 crore, utilizing a price-based auction employing the multiple price method. Meanwhile, the second category comprises the 'New Government Security 2064,' totaling Rs 12,000 crore (nominal), to be auctioned through a yield-based approach, also using the multiple price method.

According to the directive, every regulated entity, including banks and housing finance firms, must furnish a KFS to prospective borrowers prior to finalizing the loan agreement. These statements will adhere to a standardized format provided by the RBI and will be presented in simple language comprehensible to the borrowers. It is crucial that the contents of the KFS are explained to the borrower, and their understanding is acknowledged.

According to data from stock exchanges, the value of LIC's investments in seven Adani group companies has escalated from Rs 38,471 crore as of March 31, 2023, to Rs 61,210 crore on March 31, 2024, marking a noteworthy increase of Rs 22,378 crore.

In total, around $172.71 million was raised collectively by 30 startups in both early and growth stages in the preceding week. Among the growth-stage deals, six startups managed to raise $54.5 million, with the compliance automation platform Sprinto leading the pack with a substantial funding of $20 million. Following closely were Recykal, a B2B waste management and recycling marketplace, AVIOM HFC, Axio, and 5C Network, securing $13 million, $10 million, $6 million, and $3 million respectively.

A statement released by the Executive Board's coordinators, Afonso S. Bevilaqua and Abdullah F. BinZarah, confirmed the decision, highlighting Georgieva's exceptional leadership during her first term in navigating significant global challenges.