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The agency initiated its probe based on a case registered by the Central Bureau of Investigation, alleging bank loan fraud by the company through its directors, promoters, employees and others. File | Photo Credit: Reuters The Enforcement Directorate (ED) has moved a special court in Delhi seeking to have Karan A. Chanana, chairman and managing…
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At a time when the Trump tarriffs have raised concerns, Australian Trade Minister Don Farrell said Australia does not support tariffs and the country had already asked the U.S. Government to remove the 10% tariff imposed on Australia. Expressing confidence about overcoming the hurdles in the ongoing CECA (Comprehensive Economic Agreement) negotiations between India…
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LIC CEO and MD R. Doraiswamy handing over the dividend cheque to Union Finance and Corporate Affairs Minister Nirmala Sitharaman on August 29, 2025 in the presence of DFS and LIC officials. Photo: Arrangement The Life Insurance Corporation of India (LIC) on Friday (August 29, 2025) paid ₹7,324.34 crore dividend to the Centre. CEO and…
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Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto The Centre’s fiscal deficit increased to 29.9% of the full-year target at the end of July, according to data released by the Controller General of Accounts (CGA) on Friday (August 29, 2025). It was at 17.2% of Budget Estimates (BE) of 2024-25 in the…
Read More “Fiscal deficit at 29.9% of full-year target at July-end: CGA data” »
Growth in the manufacturing sector quickened to 7.7% in the April-June 2025 quarter, coming on top of a high base of 7.6% in the same quarter of the previous year. File | Photo Credit: Getty Images India’s economic growth rate in the first quarter (April-June) of the current financial year quickened to a five-quarter high of…
The 30-share BSE Sensex dropped 270.92 points or 0.34% to settle at 79,809.65. During the day, it declined 338.81 points or 0.42% to 79,741.76. File. | Photo Credit: PTI Equity benchmark indices Sensex and Nifty fell on Friday (August 29, 2025), extending their downward journey to the third day, as investors continued to reel under…
Representational file image. | Photo Credit: Reuters The rupee breached the 88-mark for the first time and closed at an all-time low of 88.19 (provisional) against the U.S. dollar on Friday (August 29, 2025), registering a sharp decline of 61 paise amid heightened Indo-US trade deal tensions. Forex traders said the rupee is under persistent…
Read More “Rupee dives 61 paise to close at all-time low of 88.19 against U.S. dollar” »
Reliance Jio Infocomm Ltd Chairman Akash Ambani. File | Photo Credit: ANI JioHotstar, the OTT platform owned by the joint venture created after the merger of the media business of Reliance and the India business of global media giant Walt Disney, has become the second-largest streaming platform. In addition, with a 34% TV market share…
Chairman of Reliance Industries Limited Mukesh Ambani. | Photo Credit: Reuters During the Annual General Meeting on Friday (August 29, 2025), Reliance Industries had announced the formation of a new wholly-owned subsidiary called Reliance Intelligence to focus in AI and deep tech. The Chairman of RIL Mukesh Ambani announced this during his address to…