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SBI raises Rs 10,00 crore via infrastructure bonds
Business

SBI raises Rs 10,00 crore via infrastructure bonds

Mumbai, June 26: The country’s biggest lender State Bank of India (SBI) has raised Rs 10,000 crore through 15-year infrastructure bonds at a coupon rate of 7.36 per cent that is payable annually. The proceeds of the bonds will be utilised in enhancing long-term resources for funding infrastructure...
Sensex trades flat on negative global cues
Business

Sensex trades flat on negative global cues

Mumbai, June 27: India equity indices opened flat on Thursday following negative cues from global markets. At 9:45 a.m., Sensex was up 20 points at 78,694 and Nifty was up 9 points at 23,877. Midcap and smallcap stocks are out performing compared to large caps. The Nifty Midcap 100 index is at...
Maha economy set to grow at 7.6 pc in 2023-24
Business

Maha economy set to grow at 7.6 pc in 2023-24

Mumbai, June 27: Maharashtra economy is set to grow at 7.6 per cent during 2023-24 on the lines of the national economy which is also likely to grow at 7.6 per cent as per the Economic Survey 2023-24 presented by Deputy Chief Minister Ajit Pawar in the Assembly on Thursday. Maharashtra continues to...
8 in 10 Indian MSMEs plan to increase Cloud spending in 2025
Business

8 in 10 Indian MSMEs plan to increase Cloud spending in 2025

New Delhi, June 27: About eight in ten Indian Micro, Small and Medium Enterprises (MSMEs), or 81 per cent, plan to increase their Cloud spending in 2025, as they scale investments in customer relationship management (CRM), financial services and business intelligence software, a report showed...
India’s FMCG sector poised to clock 7 to 9 pc growth rate in 2024: Report
Business

India’s FMCG sector poised to clock 7 to 9 pc growth rate in 2024: Report

New Delhi, June 26: India’s FMCG (fast-moving consumer goods) sector is expected to post a growth rate of 7-9 per cent in 2024 on the back of government initiatives to stimulate consumption and create more jobs, according to a report. "Looking ahead, the FMCG sector in India is poised for sustained...
Finance Ministry tells PSBs to open more brick & mortar branches in villages
Business

Finance Ministry tells PSBs to open more brick & mortar branches in villages

New Delhi, June 26: The Finance Ministry on Wednesday advised the chiefs of public sector banks to expedite the opening of more brick-and-mortar branches in villages to further strengthen financial inclusion initiatives taken by the government.Vivek Joshi, Secretary, Department of Financial...
Universities in Global South can be change makers to achieve UN SDGs, says JGU VC at ACUNS meeting in Tokyo
Business

Universities in Global South can be change makers to achieve UN SDGs, says JGU...

Tokyo, June 26: The founding Vice Chancellor of O.P. Jindal Global University, Prof. (Dr.) C. Raj Kumar, addressed the prestigious annual meeting of the Academic Council of the United Nations System (ACUNS) here and delivered the keynote speech titled 'The Role of Universities in the Global South...
Bengal coal scam: CBI arrests 3 more including former GM of ECL
Business

Bengal coal scam: CBI arrests 3 more including former GM of ECL

Kolkata, June 26: Three persons including a senior official of Eastern Coalfields Limited, a subsidiary of Coal India Limited, were arrested by the Central Bureau of Investigation (CBI) on Wednesday in connection with the multi-crore coal smuggling case in West Bengal. One of the two persons...
RBI Chief sees India on path to steady 8 pc GDP growth
Business

RBI Chief sees India on path to steady 8 pc GDP growth

Mumbai, June 26: RBI Governor Shaktikanta Das sees India moving ahead towards an 8 per cent GDP growth trajectory on a sustained basis, driven by structural economic reforms such as GST. "If you look at the average growth India recorded over the three years, the average comes to 8.3 per cent and the...
Electric car sales in India to reach 1.3-1.5 lakh in FY25: Report
Business

Electric car sales in India to reach 1.3-1.5 lakh in FY25: Report

Mumbai, June 25: With an improving adoption rate, electric car sales in India are likely to reach 1.3-1.5 lakh in the current fiscal year (FY25), according to a CareEdge Rating report. After a record growth of 90 per cent with volumes at 90,432 units in FY24, the electric car penetration is...
Centre begins auction for telecom spectrum worth Rs 96,238 crore
Business

Centre begins auction for telecom spectrum worth Rs 96,238 crore

New Delhi, June 25: The Centre on Tuesday announced it has begun the auction of spectrum worth Rs 96,238.45 crore for telecom services. The total quantum of spectrum being auctioned is 10,522.35 MHz in various bands, valuing Rs 96,238.45 crore at reserve prices, said the Ministry of Communications....
World Bank approves $150 mn to improve primary healthcare in Sri Lanka
Business

World Bank approves $150 mn to improve primary healthcare in Sri Lanka

Colombo, June 25: The World Bank's Board of Executive Directors has approved $150 million in financing for Sri Lanka to improve the quality and utilisation of its primary healthcare services, according to a statement.The World Bank on Monday said the project would help improve the quality of care...
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