The Cricket World Cup may boost host country India's economy by as much as Rs 22,000 crore ($2.6 billion), economists at Bank of Baroda estimate.
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Benchmark indices Sensex and Nifty tumbled more than 1 per cent today due to selling in index heavyweights in tandem with weak global trends ahead of the US Federal Reserve's interest rate decision.
Stating that high and unsustainable debt levels have severely constrained the fiscal capacity of many countries, Reserve Bank of India Governor Shaktikanta Das on Friday pitched for a global debt data-sharing platform as part of the solution.
Benchmark equity indices climbed in early trade on Monday, extending their previous day's rally, amid buying in index majors ICICI Bank and Reliance Industries along with a mixed trend in Asian markets.
The State Bank of India (SBI) on Friday reported its highest-ever quarterly profit at Rs 16,884 crore in the April-June quarter of 2023-24 -- a nearly three-fold jump over Rs 6,068 crore in the year-ago period -- buoyed by a steep fall in bad loans and higher interest income.
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