Delivering the inaugural address at Kautilya Economic Conclave 2023, Nirmala Sitharaman said, “You have the wars also today, for us to bear the brunt of.”
Last week, the BSE benchmark fell 885.12 points or 1.33 per cent.
“The task for central banks is to keep in mind growth and growth-related priorities even as equally looking at controlling inflation,” the minister said.
The country’s total petroleum product consumption declined 2.8 per cent month-on-month.
The RBI’s dollar/rupee swap, executed in April 2022, was undertaken to give banks dollar liquidity, which it will now withdraw, meaning banks who had entered into the swap will have to return the dollars.
Ambuja Cement on Thursday announced the acquisition of a majority stake in Sanghi Industries, one of the leading cement manufacturers from western India, at an enterprise value of Rs 5,000 crore.
Ultratech Cement’s revenue from operations rose nearly 17% to Rs 177.37 billion.
Adani Green’s revenue from power supply jumped 55 per cent to Rs 2,059 crore YoY, from Rs 1,328 crore.
Aviation safety regulator DGCA has suspended flying licence of two IndiGo pilots for violating safety norms and Standard Operating Procedures (SoPs) while landing at the Ahmedabad airport last month, a senior official has said.
The regulator has appointed Satya Prakash Pathak, former chief general manager of State Bank of India as administrator to manage the affairs of the urban co-operative bank (UCB) during the 12-month period.