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Business

India inflation likely to average around 2.5% for next 6 months: HSBC

India inflation is likely to average around 2.5 per cent for the next six months, lower than the RBI's forecast of 3.5 per cent
India inflation to average 4% this fiscal, one more RBI rate cut likely: Crisil
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India inflation to average 4% this fiscal, one more RBI rate cut likely: Crisil

New Delhi, June 13: Given the current inflation trajectory, headline inflation is projected to average 4 per cent this fiscal (FY26), from 4.6 per cent last fiscal, a Crisil report said on Friday.Lower inflation keeps the window open for one more repo rate cut by the Reserve Bank of India...
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Business

Sunjay Kapur tirelessly advocated for India's manufacturing, mobility sectors:...

New Delhi, June 13: Sunjay Kapur was a visionary leader who tirelessly advocated for India's manufacturing and mobility sectors, said Sona Comstar on Friday, following his death late on Thursday in London, UK.Kapur, 53, chairman and non-executive director of leading auto components...
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India, China agree to resume direct flights soon

New Delhi, June 13: India and China have agreed to expedite steps to resume direct air services between the two countries and also hold talks to resolve trade issues.The decision was taken at a high-level meeting between Indian Foreign Secretary Vikram Misri and Chinese Vice Foreign Minister...
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IPO-bound Mangal Electrical’s net profit falls 15% in FY24 as expenses rise,...

Mumbai, June 12: Jaipur-based Mangal Electrical Industries has received final approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO) worth Rs 450 crore.While the IPO marks a major step forward for the company’s future expansion, its financial...
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Sensex drops 823 points amid growing US-Iran tensions

Mumbai, June 12: The Indian stock markets witnessed a sharp fall on Thursday after a volatile trading session, as weak global cues and rising tensions between the US and Iran weighed on investor sentiment.The Sensex dropped by 823.16 points, or 1 per cent, to close at 81,691.98 after slipping...
Ahmedabad airport suspends flight operations after Air India plane crash
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Ahmedabad airport suspends flight operations after Air India plane crash

Ahmedabad, June 12: Sardar Vallabhbhai Patel International Airport (SVPIA) officials here on Thursday said that all flight operations remain temporarily suspended until further notice, after Air India's London-bound Flight AI171 with 242 passengers (including crew members) aboard crashed near...
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Kent RO gets SEBI nod for IPO, DRHP shows mixed financial performance over years

Mumbai, June 12: Kent RO Systems, a water purifier company, has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO).While this marks an important milestone for the company, its financials tell a mixed story with some...
Over 90 times rise in direct benefit transfer in just a decade: FM Sitharaman
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Over 90 times rise in direct benefit transfer in just a decade: FM Sitharaman

New Delhi, June 12: There has been more than 90 times rise in direct benefit transfer (DBT) in just a decade under the Prime Minister Narendra Modi-led government, Finance Minister Nirmala Sitharaman said on Thursday.Moreover, India leads the world in real-time payments, with more than Rs 260...
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Indian SMEs optimistic amid strong domestic demand, better financing access:...

New Delhi, June 11: Overall optimism among the small and medium enterprises (SMEs) in India continues to hold steady due to positive factors like strong domestic demand and better financing access as monetary conditions ease, an Assocham report showed on Wednesday.The country’s leading...
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IREDA raises Rs 2,006 cr via QIP to boost green financing

New Delhi, June 11: Indian Renewable Energy Development Agency Ltd. (IREDA) has successfully raised Rs 2,005.90 crore through Qualified Institutions Placement (QIP).The capital was mobilised by issuing 12.15 crore equity shares at a price of Rs 165.14 per share, which includes a premium of Rs...
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ILO ranks India 2nd in world for social security cover to poor as headcount...

Geneva, June 11: India has achieved a historic milestone in recording a 45 percentage point jump in the social security coverage of its population over the last decade to cover 94 crore people and is now being ranked second in the world on the dashboard of the International Labour Organisation...
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