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If S&P’s forecast comes true, India will also become the second biggest economy in absolute numbers in Asia and will be bigger than any economy in Europe
IIHL in its resolution plan for Reliance Capital has sought to extinguish all ESOPs, phantom stocks or similar incentive schemes of Reliance Capital and its subsidiaries
According to a report by Central Electricity Authority (CEA), 86 thermal power plants in the country had critical coal stock levels as of October 18, 2023.
However, gold’s appeal as a safe haven has seen certain slack, given that things are looking better for the dollar, with the 10-year US treasury bond yield rates touching 4.98%, and strong indications of further hikes.
Interest rate is likely to remain high for the moment, Reserve Bank Governor Shaktikanta Das said, stressing the central bank will remain extra vigilant and keep "Arjun's eye" to ensure a sustained decline in inflation.
The government has made some changes in the licensing norms to import IT hardware products like laptops and computers. It has put in place an online system for importers of these goods.
Wheat prices have touched a sensitive point and the milling industry has urged the administration to allow import of wheat at zero duty or raise the quantum of sale by public sector FCI to improve supplies.