Airtel Payments Bank said its revenue witnessed a year-on-year growth of 41 per cent to Rs 400 crore in the first quarter ended June 30, 2023.
Auto mobile retail sales in India witnessed a 10 per cent annual growth in July driven by robust sales across passenger vehicles, two-wheelers and commercial vehicles, industry body FADA said.
Warning of more economic uncertainty on the horizon, the Chief Economists Outlook report of the World Economic Forum (WEF) said the global economic prospects remain subdued.
Since July, both NCCF and NAFED have been selling tomatoes at a discounted rate on behalf of the consumer affairs ministry in Delhi-NCR, Uttar Pradesh, Rajasthan and Bihar to boost domestic availability and contain price rise.
Manufacturing, which accounts for 77.6 per cent of the weight of the Index of Industrial Production (IIP), grew by 3.1 per cent in June as against 12.9 per cent in the year-ago period and 5.8 per cent in May.
The ongoing Israel-Hamas conflict has increased the demand for gold, as the precious metal is often sought as a safe asset in times of economic and political turmoil.
The tax officers will be required to send a report on a daily basis to the Election Commission of India.
On the inflation front, the DEA said that the headline inflation outlook is on a “declining trend”, given the stable downward movement in core inflation and continuing deflation in fuel inflation, notwithstanding the temporary disruptions from high food prices.
The output growth of the eight sectors was also lower in April-July of FY24 (6.4 per cent) when compared with the year-ago period (11.5 per cent).
Federal Reserve Chair Jerome Powell said that the central bank may have to tighten its oversight of the American financial system in the wake of the failure of three large US banks this spring.