Economy and Finance

Ram Mandir and tourism initiatives to add Rs 25,000 crore to UP’s tax revenue: SBI Report

As per the estimates, by the end of the year, the total expenditure by tourists in the state could surpass the Rs 4 lakh crore mark.  

Sony calls off $10-Billion merger deal with Zee, sends notice: Report

Sony Group has claimed that the closing conditions for the deal have not been met by ZEE and citing this reason it called off the merger deal worth $ 10 billion. 

PM Modi inaugurates Boeing India Engineering and Technology Centre in Bengaluru, the largest such Boeing campus outside the US

Prime Minister Narendra Modi on Friday inaugurated a new state-of-the-art Boeing India Engineering and Technology Center (BIETC) campus in Bengaluru.

Foxconn and HCL forge partnership to establish semiconductor testing, and assembly unit in India

The collaboration aligns with the Indian government's 'Make in India' and 'Atmanirbhar Bharat' vision.

Production Linked Incentive (PLI) Schemes resulted in over ₹1.03 lakh crore investment till November 2023, contributes to exports over ₹3.20 lakh crore

PLI Schemes lead to production/ sales of Rs. 8.61 lakh crore and employment generation of over 6.78 lakh

USA-India bilateral trade has crossed $200 billion, informs USISPF chief Mukesh Aghi

Furthermore, underscoring the Vibrant Gujarat Summit that happened recently, Aghi emphasised that it should be called Vibrant India and not Vibrant Gujarat anymore.

Core inflation declines to a 48-month low in December 2023, reaches 3.89% in December from 6.1% in January: NSO data

Core inflation has eased to a sub-4 percent level which has happened for the first time in the post-pandemic period. It has declined to 3.89 percent in December from 4.1 percent in November.

ONGC starts oil production from deep sea in Krishna Godavari basin offshore project: PM Modi calls it remarkable step in India’s energy journey

Union Minister Hardeep Singh Puri added that production is expected to be 45,000 barrels per day of oil and over 10 million standard cubic metres per day of gas.

Gautam Adani overtakes Mukesh Ambani to become India’s richest person on the Bloomberg Billionaires Index

The majority of Adani's wealth arises from the Adani group's six listed entities. According to Bloomberg, the companies and stakes are as follows: Adani Power (70%); Adani Total Gas (37%); Adani Energy Solutions (73%); Adani Ports (66%); and Adani Green Energy (56%).

‘SEBI is capable of looking into allegations against Adani, no need for SIT’: SC says OCCRP report, Hindenburg’s claims cannot be held as truth

The court stated in its ruling that the Supreme Court's jurisdiction to enter the regulatory framework of SEBI is restricted. "SEBI has concluded investigations in 20 of 22 cases. The investigation into the remaining two cases will be completed within three months," the order stated. 

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