IDFC FIRST Bank’s Economist Gaura Sengupta said the deflator, with a higher weight of WPI, was favourable for manufacturing than the services sector, which has a higher weight of Consumer Price Index (CPI) inflation.
The rupee gained as the American currency weakened after US Inflation eased to its lowest level since September 2021
Under this, during times of excess energy, water will be pumped from lower reservoir to higher reservoir, and during peak demand, the stored water will power turbines, thereby generating electricity.
Shobha Gangwal is the wife of Rakesh Gangwal, the co-founder of the company, which is the parent of the country’s largest airline IndiGo.
Such an entity will help the country reduce its vulnerabilities to any international sanctions and pressures, she said while speaking at the Global Maritime India Summit 2023.
Penalty has been imposed on state-owned insurer for violation of sections 271(1)(c) and 270A of the Income Tax Act, 1961, it said.
Meanwhile, SEBI Chairperson Madhabi Puri Buch Thursday said the Sahara matter will continue for the regulator even after the death of the group’s founder Subrata Roy.
India will launch a BRICS startup forum this year to facilitate collaboration and share best practices among investors, incubators and aspiring entrepreneurs, Commerce and Industry Minister Piyush Goyal has said.
The current account deficit (CAD) was 3.8 per cent of GDP or USD 30.9 billion in July-September quarter in 2022-23.
Homegrown FMCG and Ayurvedic products maker Dabur will challenge the same based on strong merits by filing its reply before the relevant authorities, Dabur India said in a regulatory filing.