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Smart cities 2022: Indore is best city, MP the best state

THE UNION HOUSING and Urban Affairs Ministry on Friday named Indore the best city and Madhya Pradesh the best state in the Smart Cities Mission in its India Smart Cities Awards 2022.

China silent on any LAC agreement

DAY AFTER XI-MODI TALKS

Stay away from unregistered finfluencers: Sebi

MARKETS REGULATOR SEBI proposed on Friday that brokers and mutual funds should stop the use of unregistered financial influencers in advertising and marketing campaigns.

Indices record fifth straight weekly fall

A FIRST SINCE MAY LAST YEAR

RBI asks NBFCs to boost governance standards

THE RESERVE BANK of India (RBI) has on Friday asked non-banking financial companies (NBFCs) to strengthen governance standards and assurance mechanisms like compliance, risk management and internal audit in these entities.

Jio Fin recovers after hitting lower circuit, exclusion deferred till Sept 1

AFTER GETTING LOCKED in the 5% lower circuit for the first four sessions since listing, the Jio Financial Services (JFS) stock saw some recovery on Friday.

A first for a US president: Trump mug shot released after his arrest

18 co-conspirators were also ordered to turn themselves in by Friday or face arrest

Realty sector may grow to $5.8 trn by 2047: Report

INTERNATIONAL PROPERTY CONSULTANT Knight Frank India in its latest report, 'India Real Estate: Vision 2047', prepared in association with the National Real Estate Development Council (NAREDCO) has projected that India's real estate sector is expected to expand to $5.8 trillion by 2047.

Management churn at Shoppers Stop leaves investors jittery

SHOPPERS STOP, THE country's oldest department store chain, saw its stock price tank over 12% on Friday on the BSE, after news emerged of the resignation of MD & CEO Venu Nair from the company.

Grasim Industries' new businesses on track: Birla

GRASIM INDUSTRIES' PLANS for new businesses are on track, with the Aditya Birla group company planning to commission facilities for its paints business from the fourth quarter of this fiscal.

SoftBank likely to sell Zomato shares through block deal

SOFTBANK IS REPORTEDLY planning to sell its shares in Zomato soon, through block deals. The Masayoshi Son-led Japanese investment firms had gained a 3.35% stake in Zomato as part of a merger deal with Blinkit that it is a prior investor in.

Vedanta mulls separate entities for businesses

TO ENSURE BETTER RETURNS FOR INVESTORS

Kharif sowing area marginally above last year's level

Water levels in key reservoirs decline 21% year-on-year

G20 members agree to action plan to give global trade a boost

THE G-20 TRADE and investment ministers on Friday agreed to an action plan on mapping global value chains, increasing participation of smaller industries in exports and digitisation of trade documents to further global trade.

'$4.5 trn needed over a decade to fund development goals'

COUNTRIES GLOBALLY WOULD need about $4.5 trillion over the next 7 to 10 years to finance their development goals, the Chair of B20 India task force on financing for global economic recovery, Uday Kotak, said on Friday.

Adani probe near-complete: Sebi

THE SECURITIES AND Exchange Board of India (Sebi) in a fresh affidavit to the Supreme Court (SC) on Friday said that it has nearly completed its investigation into the Adani Group. Sebi\"shall take appropriate action based on outcome of the investigations,\" it added.

Fed will raise rates if needed: Powell

US FEDERAL RESERVE CHAIR Jerome Powell said the central bank is prepared to raise rates further if needed and intends to keep borrowing costs high until inflation is on a convincing path toward the 2% target.

Zepto ends unicorn drought

Raises $200 mn at a valuation of $1.4 bn

Central banks should be cognizant of growth: FM

SITHARAMAN SAYS Q1 GDP GROWTH WOULD BE 'GOOD'

Google, Twitter And Meta Under EU Lens As New Rules Kick In

META PLATFORMS INC., Google and X, formerly known as Twitter, will need to adhere to strict new content moderation rules in the European Union when a new law governing social media platforms becomes legally enforceable from Friday.

Isro-branded merchandise demand spikes

AS THE COUNTRY celebrates the success of the Chandrayaan3 mission, t-shirts, coffee mugs and scaled models of rockets sporting the Indian Space Research Organisation (Isro) logo are flying off the virtual shelves of several D2C companies that are the official merchandise partners of the space agency.

Rover takes walk on Moon; systems normal, says Isro

Releases video showing last 2 minutes of descent

A study in contrast: Motherly love vs fatherly bond, simplicity vs tinkerman

Praggnanandhaa falls in final hurdle as Carlsen wins World Cup

RBI raises limit for small-value offline transactions to ₹500

THE RESERVE BANK of India (RBI) has hiked the upper limit of offline payment transactions to ₹500 per transaction from ₹200 earlier in order to increase adoption of such payments.

HDFC Bank sees no stress in credit card business

THE ASSET QUALITY of HDFC Bank's credit card portfolio remains stable and it is not seeing any stress in the segment, Parag Rao, country head payments business, consumer finance, technology and digital banking at the private sector lendor said on Thursday.

Revolt pays back ₹50-cr FAME subsidy

THE CENTRE HAS recovered the incentive motorcycle given to electric manufacturer Revolt Intellicorp under the 'Faster Adoption and Manufacturing of Electric Vehicles' (FAME) II scheme, a senior government official said on Thursday.

Adani Group deployed over ₹2.36-trn equity as of FY23

ADANI GROUP DEPLOYED more than 2.36 trillion worth equity by the end of FY23, which was more than half of its total gross assets, through various strategic initiatives.

Fantok suspends ops after GST hike

REAL MONEY GAMING startup Fantok has announced a temporary suspension of its operations, becoming another casualty to the GST Council's decision to levy a 28% GST on online gaming.

Modern services trade can create 3 mn jobs: Report

INDIA'S GROWING SHARE of global modern services trade can create 3 million jobs, including 2 million high-income jobs in the next three years as services trade shifts from just cost arbitrage to skill arbitrage.

Trump to surrender at Georgia jail

DONALD TRUMP IS set to surrender Thursday to authorities in Georgia on charges that he schemed to overturn the 2020 election in that state, a booking process expected to yield a historic first: a mug shot of a former American president.