BUSINESS
Sensex Rockets Higher on Value Buying, Indian Markets Surge by 540 Points
The BSE Sensex closed the day at 82,726.64, higher by 539.83 points or 0.66 per cent. It had opened with a positive gap at 82,451.87, against the last close of 82,186.81.
India has 8.52 million tonnes reserves of rare earth elements, says Jitendra Singh
These are coastal beach sands, red and teri sands, and inland alluvial deposits in states such as Andhra Pradesh, Odisha, Tamil Nadu, Kerala, West Bengal, Jharkhand, Gujarat, and Maharashtra.
ED Slaps Myntra with FEMA Complaint Over Alleged ₹1,654 Crore FDI Violation
The ED's Bengaluru Zonal Office has confirmed in a statement issued on Wednesday that it has moved a complaint for the alleged abuse of channels of foreign investment to the tune of ₹1,654.35 crore.
India’s GDP Growth Forecast at 6.5% for 2025, Strengthening to 6.7% in 2026: ADB
The Henley Passport Index, prepared by UK-based firm Henley & Partners, ranks passports on the basis of the destinations their holders may visit without a prior visa. This encompasses visa-free travel, visa-on-arrival, and electronic travel authorizations.
India Set to Become World’s 3rd-Largest Economy by 2028, Projected to Hit $10.6 Trillion by 2035: Morgan Stanley
The financial behemoth pointed out that this growth path is likely to be substantially fueled by four to five Indian states—Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh, and Karnataka—each likely to be an economic size of about $1 trillion. These states would be among the top 20 economies in the world by 2030-2035.
Ex-ICICI Bank CEO Chanda Kochhar Found Guilty in ₹64-Crore Bribery Linked to ₹300-Crore Videocon Loan
In a judgment dated July 3, the tribunal held that the ₹64 crore deal was a quintessential case of quid pro quo—exchange of benefits under an agreement arranged by Deepak Kochhar, Kochhar's husband, through a Videocon Group-related company.
RBI’s Financial Inclusion Index Rises 4.3% in FY25, Reflecting Growth Across All Segments
The FI-Index, which was launched in August 2021 for FY 2021, captures the depth of financial inclusion by assessing three fundamental dimensions: access, usage, and quality of financial services.
India Projected to Grow at 6.6% in FY26 Amid Global Uncertainty
The report forecasts India's GDP growth to be at 6.6% in FY26, marginally higher than 6.5% of FY25, led by factors like recent monetary policy relaxation, income tax reductions, favorable monsoon rainfall, and the likelihood of lower global oil prices for an extended duration.
Five States Make Up Half of India’s Active GST Taxpayers, With UP in the Lead: SBI Report
This concentration reflects uneven tax registration distribution across the nation and highlights opportunities for more widespread formalisation in most regions.
IMF’s Gita Gopinath to Step Down in August & Rejoin Harvard as Professor
Gopinath will become the first Gregory and Ania Coffey Professor of Economics at Harvard in a highly acclaimed new academic appointment.
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