Embrace the digital revolution – invest wisely, invest with Bajaj Finance.
“We will take the proposal for the AI Mission to the Cabinet soon. We are still working out some contours, but the overall outlay for the initiative could be more than Rs 10,000 crore,” he said.
State-owned Coal India on Wednesday said a three-day strike call given by five central trade unions this month at all its subsidiaries has been deferred.
FPIs purchased equities worth Rs 11,514 crore in the financial services sector in July, after buying 192.29 billion rupees worth of shares in June. FPIs were also net buyers in the sector in April and May.
At the sidelines of an industry event, Seth said the economy still faces headwinds in the form of inflation despite logging high growth during the first two-quarters of this fiscal.
The committee also emphasised on the need for the government to closely monitor progress of capital expenditure to ensure it is in line with the allocated amount for a multiplier impact on growth and employment.
Capital formation, a proxy for investments, and private consumption expenditure, an indicator of consumption demand, posted growth rates of 8 per cent and 6 per cent in Q1 FY24, respectively.
Aviation turbine fuel (ATF) price was increased by 7,728.38 per kilolitre, or 8.5 per cent, in the national capital to Rs 98,508.26 per kl, according to a price notification of state-owned fuel retailers.
This came a day after the I-T Department issued a statement, without naming the company, regarding the searches carried out at 50 premises of Polycab in December that resulted in detection of alleged unaccounted cash sales of around Rs 1,000 crore.
The finance ministry in its Annual Economic Review for 2022-23 noted that the higher annual growth in FY23 was driven mainly by better-than-expected growth in the January-March quarter.