30/09/2024
- US Fed has paused interest rate hikes.
- India’s eight core sector output grows by about 8.1% in September 2023.
- April to Sept deficit stood at 39.3% of the FY24 target. So targets easily achievable.
- Europe’s inflation eased to 2.9% in October.
- October GST collection rises 13% to Rs 172000 crores.
- Tata wins arbitral award of Rs 766 crores plus interest.
- BPCL says no payments pending for the Russian oil.
- Honeywell said on Monday that it has created innovative solutions to address safety concerns across the spectrum of EV manufacturing and use.
- The Indian government has received several expressions of interest for the strategic sale of Indian Medicines Pharmaceutical Corporation Limited (IMPCL).
- India, and the world, has never seen this kind of alignment in the banking sector as the banks are consistently running high capital adequacy and maintaining high asset quality with a return of equity of 17-20 per cent, KV Kamath, chairman of the National Bank for Financing Infrastructure and Development (NaBFID) said on Monday. Kamath is also the non-executive chairman of Jio Financial Services.
- LNT will foray into fabless semiconductor chip design will invest Rs 830 crores.
- RBI Governor has said that India’s Q2 GDP will surprise on the upside.
- India is now doing well to shift its major crude oil requirements from Gulf to Russia, to USA and South American countries. The diversification is good and the negotiations are good.
- Tata Motors has been awarded the first PLI certificate in the Auto industry, which means it will manufacture products that will receive production linked incentives.