Inflation which is expected to remain above the five per cent till the first quarter of 2024-25 is likely to hit the 6.2 per cent level in the ongoing quarter (July-September), according to the RBI projection.
Buoyed by the FPI support, the BSE Sensex surged 803 points, or 1.26 per cent, to close at a new all-time high of 64,718.56 on June 30. The broader Nifty gained 216.95 points, or 1.14 per cent, to a fresh peak of 19,189.05. During the previous week, the Sensex rose by over 1,700 points.
The combined entity of Air India Express, also the country’s first international budget carrier, and AIX Connect, formerly known as AirAsia India, will be launching its new brand on October 18.
In an interview with Aggam Walia, Garg highlighted how chip design can improve EV battery longevity and secure devices against evolving cyber threats, and the need for more research at the university level.
The bank’s net revenue grew by 26.9 per cent to Rs 32,829 crore for the quarter ended June 2023 from Rs 25,870 crore for the quarter ended June 2022.
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The BSE’s Sensex advanced 970 points, or 1.37 per cent, to close at a new high of 71,4823.75. In the last two trading sessions, the 30-share index has gained around 1,900 points, or 2.7 per cent.
Addressing the seminar, Chief Economic Advisor V Anantha Nageswaran said the world is witnessing increasing debt vulnerabilities.
Signature Global on Wednesday launched its initial public offer (IPO) to raise Rs 730 crore, which will be used mainly for debt reduction and business expansion.
The inflation print had last breached the 7 per cent mark in September 2022 and the previous high for the headline retail inflation rate was recorded at 7.79 per cent in April 2022.