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  • GDP grows 7.8% in Q4, FY 24 growth pegged at 8.2%.
  • India’s fiscal deficit stands at 5.6% of GDP in FY24.
  • Core sector growth rises 6.2% in April, up from 6% in March.
  • Eurozone inflation rises in May to 2.6%.
  • MSCI rejig rings in over $2 billion passive flows for India.
  • Adani Enterprises board approves Rs 16600 crores fund raising via QIP.
  • In a significant development, contract negotiations between India and France over the Rs 50000 crore deal for 26 Rafale Marine Fighter Jets was scheduled to begin from May 30.
  • RIL signs deal with Rosneft to buy oil in roubles.
  • Novelis targets upto $12.6 billion valuation. Hindalco is going for Novelis IPO.
  • Tata Steel board approves Rs 3000 crore fundraise via NCD.
  • RBI bars Edelweiss from acquiring financial assets with immediate effect. This is due to some ever greening being done directly or indirectly.
  • After 10 years, S&P raises India’s outlook to positive affirms BBB long term rating.
  • Reliance Retail preps for third round of fund raising, seeks over $160 billion valuation.
  • Vedanta considering Rs 10000 crore share sale as early as June.
  • GIFT NIFTY sets an all-time high monthly turnover of $88.1 billion for May 2024.
  • Monsoon reaches Kerala and North East. IMD forecasts heavy rains over the next 5 days.

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