BUSINESS
RBI’s Record Dividend Reduces Need for Major Divestments; Government to Stick to Rs 50k Crore Target: Report
"With a bumper dividend from the RBI, the central government's fiscal position remains comfortable, which may limit the urgency to push ahead with big-ticket divestments," it said.
Sensex, Nifty close at new all-time highs amidst positive trend in global markets
The 30-share BSE Sensex reached a record intraday high of 80,392.64 in early trading. However, it lost much of these gains due to market volatility and profit-taking at peak levels. Ultimately, Sensex closed 62.87 points, or 0.08% higher, at a new all-time high of 80,049.67.
India Shines Bright: Ranked Among Top Three Most Optimistic Nations in Global Survey
Key findings reflect that an overwhelming 69% share the sentiment of the sections of interviewed Indians who expressed confidence in the right direction that their country is undoubtedly taking, which is echoed by 79% in Singapore and 70% in Indonesia. This is at vast variance with the global average of only 38 percent who share such positive sentiments.
Massive Government Bond Auction: Rs 28,000 Crore Offered This Friday
The first batch includes "7.02 per cent Government Security 2027" with a designated amount of Rs 6,000 crore. Following that, the second set comprises "7.23 per cent Government Security 2039" valued at Rs 12,000 crore, while the third lot, "7.30 per cent Government Security 2053," is set at Rs 10,000 crore.
BMW Thrives in H1 with Over 21% Surge in Car Sales in India
"What is encouraging is that growing preference for our vehicles is a reflection of our leadership in exclusive mobility, unmistakable driving pleasure, and trailblazing innovations," Vikram Pawah, President of BMW Group India, pointed out.
Historic Milestone: Sensex Surpasses 80,000 with Banking Sector Rally
At 9:47 a.m., the Sensex was trading at 80,008, up 567 points or 0.71%. The Nifty stood at 24,290 with a gain of 164 points or 0.68%.
Explosive Growth Forecasted for Indian Fast Fashion, Projected to Surpass $50 Billion by FY31
Value for money combined with effortless access to the latest trends is a powerful combination that fast fashion in India possesses, changing consumer experiences. While there have been overall economic challenges, fast fashion has proved to be one of the resilient segments within the overall Indian retail landscape, says Kushal Bhatnagar, Associate Partner at Redseer.
Fugitive Vijay Mallya Faces New Non-Bailable Warrant in Indian Overseas Bank Loan Default Case
While considering issuance of other non-bailable warrants against the 68-year-old businessman and that he was declared a 'fugitive', the court said, this is a fit case to issue an open-ended NBW against him to secure his presence," The court said.
June Sees GST Collection Surge to Rs 1.74 Lakh Crore, Up by 7.7%
This becomes time synchronization of steady GST collection with strong economic growth and improved country's tax compliance. This regime, on completion of seven years of its implementation, has substantially helped most of the households with a reduction in taxes on essential items such as household appliances and mobile phones; it begs attention toward the finance ministry. The theme of 7th GST Day, "Sashakt Vyapar Samagra Vikas", itself empowers trade for overall growth, underlining the impact on economic resilience by it.
June Sees Surge in India's Manufacturing with Highest Hiring in 19 Years
The consumer goods sector performed very strongly to take the sector into position. Adding to all the good news in this report was the good export growth, with surveyed firms reporting considerable growth in new export orders coming from key economies such as Asia, Australia, Brazil, Canada, Europe, and the US.
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