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Retail Inflation Declines To 4.85% In March, A Five-Month Low

Press Trust of India | Friday April 12, 2024, New Delhi

Retail inflation declined to a five-month low of 4.85 per cent in March mainly due to cooling food prices, according to official data released on Friday.

BharatPe Co-Founder Ashneer Grover To Launch 'ZeroPe' Medical Loan App

Indo-Asian News Service | Friday April 12, 2024, New Delhi

BharatPe co-founder and former MD Ashneer Grover is set to launch a new app called 'ZeroPe' that will provide loans for healthcare.

Asian Development Bank Raises India's Growth Forecast To 7%

Press Trust of India | Friday April 12, 2024, New Delhi

The Asian Development Bank (ADB) on Thursday raised India's GDP growth forecast for the current fiscal to 7 per cent, from 6.7 per cent earlier.

India, Mauritius Sign Protocol To Amend Double Taxation Avoidance Pact

Press Trust of India | Thursday April 11, 2024, New Delhi

India and Mauritius have signed a protocol to amend the double taxation avoidance agreement (DTAA), which included a principal purpose test (PPT) to decide whether a foreign investor is eligible to claim treaty benefits.

India Benefits From Growing Interest From Multinationals: UN Report

Press Trust of India | Wednesday April 10, 2024, United Nations

India is benefiting from growing interest from multinationals, which see it as an alternative manufacturing base in the context of developed economies' supply chain diversification strategies, a flagship report by the UN has said.

Anil Ambani Suffers Another Setback, Group Firm Loses Rs 8,000 Crore Arbitral Award

Press Trust of India | Wednesday April 10, 2024, New Delhi

He was ranked the sixth richest person in the world in 2008 but a series of setbacks -- the latest being the Supreme Court setting aside a Rs 8,000 crore arbitral award that was granted in favour of a firm in his group -- reversed his fortunes.

Ratings Agency Fitch Downgrades China Credit Outlook Over Debt Fears

Agence France-Presse | Wednesday April 10, 2024, Beijing

Ratings agency Fitch said Wednesday it had downgraded China's sovereign credit outlook to negative, citing increased risks to the country's public finances, in a move Beijing swiftly called "regrettable".

Court Relief For Delhi Metro Over Rs 8,000 Crore Payment To Reliance Firm

Press Trust of India | Wednesday April 10, 2024, New Delhi

The Supreme Court on Wednesday set aside its own judgement and held that the PSU firm was not obliged to pay over Rs 8,000 crore to the Delhi Airport Metro Express Private Ltd, a Reliance Infrastructure firm, in pursuance of a 2017 arbitral award.

Beware Of 'Deepfake CEO' Recommending Stocks, Warns National Stock Exchange

Reuters | Wednesday April 10, 2024

India's National Stock Exchange (NSE) on Wednesday cautioned investors against deepfake videos of its chief executive giving stock recommendations. The exchange, the largest in the country

Indians Founded Most Unicorns Outside Country: Report

Asian News International | Wednesday April 10, 2024, New Delhi

Indians have founded more offshore unicorns than any other country, co-founding 109 unicorns outside of India compared with 67 in India, according to the Global Unicorn Index 2024, a ranking of the world's start-ups founded in the 2000s.

Unicorns Decline In India, Byju's Valuation Loss Steepest Globally: Report

Press Trust of India | Tuesday April 09, 2024, Mumbai

The number of unicorns -- companies worth over USD 1 billion -- in the country has declined for the first time in four years to 67, a report said on Tuesday.

Paytm Banking Unit CEO Surinder Chawla Resigns Due To "Personal Reasons"

Reuters | Tuesday April 09, 2024

India's Paytm said on Tuesday that Surinder Chawla had resigned as the chief executive officer and managing director of its banking unit Paytm Payments Bank "on account of personal reasons".

Byju's Resumes Salary Payment To Employees After 2-Month Delay

Edited by Chandrajit Mitra | Tuesday April 09, 2024

Crisis-hit edtech star Byju'shas resumed paying salaries to its staff after a two-month delay despite being barred from using the proceeds of its recently floated rights issue, reports suggest.

Sensex Crosses 75,000-Mark In Historic Milestone For Share Market

Press Trust of India | Tuesday April 09, 2024, Mumbai

Benchmark equity indices continued their record-breaking rally on Tuesday, with the BSE Sensex breaching the historic 75,000-mark for the first time ever in early trade and the Nifty climbing to its fresh new record peak.

Go First Gets Another 60 Days To Complete Insolvency Process

Press Trust of India | Monday April 08, 2024

Insolvency tribunal NCLT on Monday once again extended the deadline to complete the resolution process of grounded airline Go First by another 60 days.