GOYAL TO VISIT ITALY FOR G7 TRADE MINISTERS' MEETING

Union Commerce and Industry Minister Piyush Goyal will participate in the outreach session of the G7 Trade Ministers’ Meeting scheduled for July 16-17 in Italy, according to an official statement.

India can become world's second-largest economy by 2031: RBI Dy Governor

India can become the second largest economy by 2031 and the largest economy in the world by 2060, said Michael Debabrata Patra, Deputy Governor, Reserve Bank of India (RBI) during a program at the Lal Bahadur Shastri National Academy of Administration, Mussoorie.

Inflation is highest in Odisha at 7.22 pc followed by Bihar and Karnataka

India’s inflation landscape exhibited spatial variability in June 2024, with 12 out of 22 states reporting inflation rates exceeding the national average of 5.1 per cent, according to SBI research.

Robust net direct tax collection in FY25

The net direct tax collection of the government registered a significant growth of 19.54 per cent in financial year 2024-25, amounting to Rs 5,74,357 crore by July 11, highlighted the data by the income tax department.

Food inflation will moderate soon, rate cut to get delayed: Experts

After the retail inflation data showed that food inflation in June almost doubled year-on-year to 8.3 percent, economic experts are optimistic that food inflation will decrease in the coming months.

INDIA'S DEFENCE EXPORT: A 14-FOLD LEAP IN 7 YEARS

India’s defense exports have skyrocketed, increasing 14 times from FY 2016-17 to FY 2023-24.

SUPREME COURT GRANTS INTERIM BAIL TO ARVIND KEJRIWAL IN PMLA CASE, REFERS PLEA CHALLENGING ED ARREST TO LARGER BENCH

The Supreme Court in the case Arvind Kejriwal v. Directorate of Enforcement observed and has granted interim bail to Delhi Chief Minister Arvind Kejriwal in the case registered by under the Prevention of Money Laundering Act, PMLA over the liquor policy case, while referring to the petition filed challenging the arrest by the Enforcement Directorate, ED to a larger bench.

Polling ends; all 274 MLAs cast their votes: Legislative Council

The polling for the biennial elections to 11 seats in the Maharashtra Legislative Council concluded at the Vidhan Bhavan Complex on Friday afternoon.

Lake levels in 7 reservoirs that supply water to the city at 22.80 pc

In the absence of extended periods of heavy rain, the water level in the lakes that supply the city with water has barely risen by a few inches.

Probationary IAS officer allegedly pressured DCP to release theft suspect

The Navi Mumbai police have notified the Maharashtra government that probationary IAS officer Puja Khedkar reportedly sought to convince a Deputy Commissioner of Police (DCP) to release a man apprehended in a theft case, according to an official on Friday.

SRCC Children's Hospital faces blood shortage

After being unable to conduct a blood donation camp for over 20 days, SRCC Hospital at Haji Ali found itself short of O and B blood groups, even as it struggled to find donors on July 10.

Centre would be requested to rename 7 railway stations: Dadaji Bhuse

Maharashtra Minister Dadaji Bhuse said that a resolution has been unanimously passed in the Maharashtra legislative council to rename 7 railway stations, which had Engl ish names since the British era between Mumbai Central and Mumbai West.

IMD ISSUES ORANGE ALERT IN SEVERAL PARTS OF CITY WATERLOGGED

The Indian Meterological Department (IMD) has issued an orange alert for Mumbai, indicating heavy to very heavy rainfall on Friday and Saturday.

Lift Now India launches mobile app for children's mental wellness

LiftNow, a mental health mobile app designed to support children’s emotional wellness, was officially launched in India this week at Vels Vidyashram CBSE School, Pallavaram, Tamil Nadu.

Hippo Homes opens its Home Interior Store In Greater Noida

Dalmia Bharat Enterprise promoted ‘Hippo Homes’, a premier Omnichannel provider of home building, home renovation and interior solutions, has launched its flagship retail store in Greater Noida at Grand Venice Mall.

ADB APPROVES USD 100-MLN LOAN FOR POWER SECTOR REFORMS IN SRI LANKA

The Asian Development Bank (ADB) approved a USD 100 million policy-based loan to support and facilitate reforms in Sri Lanka, aimed particularly at enhancing the financial sustainability of the power sector in the island country.

Parijat Industries Honoured with CSR Leadership Award 2024

Parijat Industries India Pvt. Ltd. received the prestigious CSR Leadership Award 2024 at the Agriculture Leadership Conclave held at Hotel Holiday Inn, Aerocity, New Delhi on July 10th, 2024.

SMI opens its new factory with an investment of Rs 225 Crore

Shibaura Machine India (SMI), a subsidiary of Japan’s Shibaura Machine, the leading manufacturer of high-precision injection moulding machines in the world, has inaugurated its Unit 2 factory, adjacent to its existing factory in Chembarambakkam, Chennai, India.

DEFENCE MANUFACTURER BHARAT ELECTRONICS SECURES EXPORT ORDER WORTH RS 230 CRORE

State-owned aerospace and defence electronics company Bharat Electronics Limited (BEL) has obtained an export order worth Euro 25.75 million (estimated value of Rs 230 crores) from Thales Reliance Defence Systems (TRDS) for the manufacture and supply of transmit-receive (TR) modules, the company informed stock exchanges on Friday.

Jio Financial now focuses on investments after RBI nod for CIC status

Jio Financial Services has secured approval from the Reserve Bank of India (RBI) to transition from a NonBanking Financial Company (NBFC) to a Core Investment Company (CIC), as announced in an official statement on Thursday.

Accelerated completion of Vizhinjam port phases 2 to 4 by 2028, Kerala CM - Pinarayi Vijayan

The Vizhinjam International Seaport in Kerala welcomed its inaugural mothership, the “San Fernando,” marking a significant milestone in India’s maritime history.

Indian stocks rise on positive global cues, US inflation eases

Indian markets started the day with slight gains on Friday, buoyed by positive global cues, as both major indices surged during early trading.

INDIA, QATAR PUSH FOR TRADE GROWTH THROUGH JOINT TALKS

During the meeting, both sides reviewed progress on a MoU for Food Safety and Cooperation, aiming to streamline trade processes and activate the Joint Business Council for enhancing trade and investment cooperation.

Government lifts stock limits on Kabuli chana, import becomes easier

The central government has recently exempted Kabuli chana from stock limits, a move anticipated to facilitate increased imports of this pulse ahead of the festival season.

GeM marketplace sees massive growth, Q1 GMV up 136%

The Government e Marketplace (GeM) reported a significant rise in Gross Merchandise Value (GMV), reaching Rs 1,24,761 lakh crore by the end of the first quarter (April-June).

Average crude prices in FY25 to be USD 83-88, potentially raising government fiscal burden, CRISIL

A Crisil report projects that average crude oil prices are expected to rise to $83-$88 per barrel in fiscal year 2025, up from $83 per barrel the previous year.

Union Minister Shivraj Chouhan prioritizes selfsufficiency in pulse production for the country

Union Minister Shivraj Singh Chouhan emphasized the central government’s commitment to achieving self-sufficiency in pulse production during a review meeting of Kharif crops held in Delhi.

US BUSINESS GROUP PUSHES FOR FAIRER TAXES, LOWER COSTS ON EXPORTS TO INDIA

The US-India Tax Forum has recommended simplifying the withholding tax regime and rationalizing TDS and TCS provisions to boost investment and ease of doing business in India.

Indian Economy To Power On, SBI Caps Sees Strong Future

The State Bank of India's Capital Markets and Securities (SBICAPS) recently released a report titled "Indian Economy: Maintaining Momentum on a Deteriorating Global Pitch," presenting an optimistic outlook for several sectors within the Indian economy despite global uncertainties.

Seat-sharing talks in Maha Vikas Aghadi underway

As the Maharashtra assembly elections are slated to be held later this year, discussions on seat-sharing in the Maha Vikas Aghadi alliance consisting of the Congress, the Nationalist Congress Party (NCP)-SP, and the Shiv Sena (UBT) among others are underway.