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India’s FMCG sector poised to clock 7 to 9 pc growth rate in 2024: Report
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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
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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
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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...
Centre may increase welfare spending in upcoming budget: Report
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Centre may increase welfare spending in upcoming budget: Report

New Delhi, June 25: The Central government is likely to increase its welfare spending on social schemes by Rs 50,000 crore in the upcoming budget, due to robust tax collection and record dividend from the Reserve Bank of India (RBI), according to the global brokerage Jefferies. As per the report,...
India’s manufacturing sector to reach $1.66 trillion by FY34 with GDP share at 21 pc
Business

India’s manufacturing sector to reach $1.66 trillion by FY34 with GDP share at...

Mumbai, June 25: Driven by the production-linked incentive (PLI) scheme, the country’s manufacturing sector is projected to expand threefold, reaching a market size of $1.66 trillion from the current $459 billion (FY24), a report showed on Tuesday. This growth surpasses the average increase of $175...
ADB approves $56 mn loan, grant to Kyrgyzstan
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ADB approves $56 mn loan, grant to Kyrgyzstan

Manila, June 24: The Asian Development Bank (ADB) on Monday said that it has approved the funding of $56 million to Kyrgyzstan to improve wastewater management and enhance sustainable and inclusive tourism in the Issyk-Kul region, renowned for its tourist appeal and importance. The funding comprises...
Canara Bank
Business

Canara Bank's social media account on X hacked

New Delhi, June 23: Canara Bank's official social media handle on X (formerly Twitter) has been hacked. The hacker changed the username of the handle to 'ether.fi'. Currently, Canara Bank's official account (@canarabank) has 2.55 lakh followers. However, the bank has yet to take action in response....
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