BUSINESS
Reliance Industries shares fall 3% to fresh 52-week low
The decline indicates continued worries about continued foreign institutional investor (FII) outflows and weakness in the overall market.
"I Am the Byju of BYJU'S": CEO Raveendran Demands Probe into EY-Glas Trust ‘Collusion’
Beginning with the line, "I am the Byju of BYJU'S," he set out his side of the story on the collapse of the company, accusing misrepresentations and stating that he has sold all his assets "to keep his mission alive."
Pakistan’s Tax Shortfall Expands to Rs 606 Billion This Fiscal Year: Report
According to The Express Tribune, the Federal Board of Revenue (FBR) incurred a huge shortfall of Rs 606 billion against its July-February target of Rs 7.95 trillion. The FBR collected Rs 7.342 trillion in the period, recording a whopping 28 percent growth. This rise, however, was short of the IMF-recommended target, causing financial pressures.
India now emerging as factory of world, Says PM Modi
Speaking at the NXT conclave while launching the 'NewsX World' channel, Modi said that India was once considered the world's back office but is now coming up as a big manufacturing base.
India’s Strong Growth Opens Door for Reforms to Attain Advanced Economy Status by 2047: IMF
A report issued following the IMF's annual consultations with India applauded the government's macroeconomic policies and reforms, which have helped the nation's resilience and its status as the fastest-growing major economy.
India’s GDP Growth Rises to 6.2% in Q3, Forecasted at 6.5% for 2024-25
The growth was led by strong rural consumption, fueled by a good monsoon, and higher government expenditure on infrastructure activities.
Core Sector Industries Record 4.6% Growth in January
The report reflected growth in production of major sectors such as cement, refinery products, coal, steel, fertilisers, and electricity in the month.
Sensex Plunges 1,414 Points, Nifty Closes at 22,125 on US Trade Tariff Concerns
The Sensex crashed 1,414 points, or 1.9%, closing at 73,198 after touching an intraday low of 73,141 briefly. During the last week, the index lost 2,113 points (2.8%), and in February, the index declined cumulatively by 4,303 points (5.6%). The Sensex has now declined close to 15% from its all-time high of 85,978.
Gold Futures Drop by ₹446, Trading at ₹84,750 per 10 Grams
Gold contracts for April expiry on the Multi Commodity Exchange (MCX) fell by ₹446, or 0.52%, to ₹84,750 per 10 grams, with a turnover of 14,812 lots.
EPFO Maintains 8.25% Interest Rate on Provident Fund Deposits for 2024-25
In February 2024, EPFO had increased the interest rate marginally to 8.25% for 2023-24 from 8.15% for 2022-23. Previously, in March 2022, the 2021-22 interest rate was cut to 8.1%, the lowest in over four decades. It was a reduction from 8.5% in 2020-21. The interest rate hadn't been as low since 1977-78, when it was 8%.
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