The data released by the National Statistical Office (NSO) showed that the manufacturing sector’s output grew by 4.5 per cent in September 2023.
Go Airline’s resolution professional has yet to verify the veracity of the claims and did not immediately respond to a Reuters’ email seeking comment.
The Indian rupee was slightly weaker in early trading on Thursday as dollar sales by exporters countered worries over the jump in U.S. Treasury yields following a hawkish Federal Reserve policy, traders said.
In January this year, the RBI issued a discussion paper on the introduction of the ECL framework for provisioning by banks. It said the banks will be given one year after the final guidelines are released for implementation of the expected credit loss approach for loss provisioning.
Compensation cess was initially brought in for 5 years to make good the revenue shortfall of states following implementation of the Goods and Services Tax (GST).
Vedanta will spin off its metals, power, aluminium and oil and gas businesses, with an official announcement likely to come this week, reported Reuters.
Separately, general insurance player Bajaj Allianz General Insurance (BAGIC) has received a Rs 1,010 crore show cause cum demand notice from the Directorate General of GST Intelligence, Pune.
The downgrade reflects growing evidence that authorities will have to provide financial support for debt-laden local governments and state firms, posing broad risks to China’s fiscal, economic and institutional strength, Moody’s said in a statement.
“I am happy to announce that 27 companies have been approved under the PLI IT hardware scheme. About 95 per cent of these…23 companies are ready to start manufacturing from day-zero,” Minister for Electronics and IT Ashwini Vaishnaw said.
At the interbank foreign exchange, the rupee opened at 83.31 against the dollar. It touched a low of 83.32 in initial deals, registering a fall of 4 paise over its previous close.