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There are growing calls for a reduction in the repo rate. The argument is not so much that inflation has come down, but that potential growth will get affected. This is contrary to the majority view that as growth is very much on target, with the Reserve Bank of India (RBI) projecting it at 7.2% for the year, monetary policy focus can remain on inflation control.

gold in the last one week has been 1.66% whereas in the last month it has been 2.14%.The cost of silver is Rs.87120.0 per kg down by Rs.1570.0 per kg. Gold Price Today in Delhi is ₹73120.0/10 grams. Yesterday’s Gold Price on 26-06-2024 was ₹72689.0/10 grams.

clean-tech investment firm founded by Bill Gates, Breakthrough Energy, needs to fund more companies in the developing world, Executive Director Rodi Guidero said. Breakthrough manages $4.5 billion it devotes to technology companies trying to cut greenhouse gases. But of the firm’s 165 portfolio companies, only a handful are based outside North America and Europe, Guidero said Wednesday on Bloomberg TV. “We need to expand that,” Guidero said. “Innovation has to happen everywhere.”

Sensex and Nifty to fresh all-time peaks, foreign institutional investors (FIIs) have been buying Indian stocks non-stop with a cumulative inflow of Rs 32,000 crore on Dalal Street in 12 trading sessions. FIIs can be seen pouring money into India funds at the cost of China, Brazil, Taiwan and South Korea as consensus is gradually building on imminent rate cuts in the second half of 2024. This month's buying comes after FII outflows worth over Rs 34,000 crore in the last 2 months. For 12 consecutive trading sessions from June 7 till June 25, FIIs have been net buyers on Dalal Street, according to Sebi data.

The countdown to the presale launch of the world’s first food-themed meme coin Choc ($CHOC) has begun.

sacked at least 500 staff across verticals to undertake restructuring, The Economic Times reported, citing sources.The private sector lender has given fired employees three months salary as severance pay, one source added.Livemint could not independently verify the report.“Yes Bank launched an internal restructuring exercise at the advice of a MNC consultant. So far, around 500 have been asked to go and we can see more sackings in the coming weeks," one source told ET.Sources added that the bank is looking to cut costs and shift towards digital banking instead of manual help, it added.Responding to queries, a spokesperson for Yes Bank told the paper it is looking to be an agile organisation, which is "leaner, faster, customer-centric", adding that optimising the workforce is a "periodic" exercise."In our endeavour to be an agile, future-ready organisation which is and operationally efficient, we periodically undertake a thorough review of the way we operate and optimise our workforce.

₹51 crore from anchor investors.Also Read: Vraj Iron and Steel IPO: GMP, subscription status, price, review, other details. Buy or not?The initial public offering of Vraj Iron and Steel has set aside a 15% of its shares for non-institutional institutional investors (NII), 50% of its shares for qualified institutional buyers (QIB), and 35% of its shares for retail investors.Under the Vraj brand, the firm produces sponge iron, M.S. Billets, and TMT bars.

Mumbai Metro 3 project by the end of December 2024. The first phase of Mumbai Metro 3, will run between SEEPZ (Santacruz Electronics Export Processing Zone) and Bandra Kurla Complex. The project will be completed by the end of December 2024 which was initially scheduled to be completed by September 2024. In the Cabinet meeting presided over by Maharashtra's Chief Minister Eknath Shinde on Wednesday, gave its nod to give state government's share of Rs 1,163 crore directly to the Mumbai Metro Rail Corporation, instead of the Mumbai Metropolitan Region Development Authority (MMRDA).

DK Shivakumar on Wednesday said that the price of milk has been hiked in the interest of farmers and opposition to it by the BJP only demonstrates its anti-farmer stance. Speaking to reporters at Vidhana Soudha, he said, «BJP has once again demonstrated that it is anti-farmer by opposing the milk price hike. A hike of Rs 2 per litre has been done to benefit the farmers. The quantity of milk has also been increased proportionately. Price hikes should not be politicised, the decision has been taken as input costs for farmers have gone up. The price of milk in the state is still lower than in other states.» Asked about the statement of the KMF Chairman that the proceeds from the price hike won't go to farmers, he said, «Farmers are KMF. In my opinion, prices should have been hiked some more. Farmers are in distress and are selling their cattle. Let them check the prices of milk in other states and then talk about this.»

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Slate Office REIT, whose portfolio includes properties in both Canada and the United States, has defaulted on $158 million of debt despite an ambitious restructuring plan that included selling off significant assets. It appears broader economic trends and sector weaknesses have hindered the company’s efforts.

Canada’s decision to provide billions of dollars’ worth of incentives to companies building battery plants could bolster the manufacturing sector, but may not be the ideal move to boost the country’s overall productivity levels that have been on the decline, says a new report by the Conference Board of Canada.

While a final decision on issuing a digital euro has yet to be made, the ECB last year moved onto a two year preparation phase ahead of any launch, which would come in 2026 at the earliest. In an article published in a host of publications, executive board member Piero Cipollone makes the case for a digital euro, noting that "we do not yet have a cash equivalent for making digital payments, which limits our freedom in an increasingly digital age". Currently, writes Cipollone, Europeans are reliant on electronic payment options from outside the continent, with US giants Visa and Mastercard dominating the card market. "A digital euro would combine the convenience of digital payments with cash-like features," writes Cipollone, adding that it could be used in shops, for e-commerce, P2P payments and offline. He continues: "The digital euro would make it easier for euro area firms to offer pan-European digital payment solutions. This would strengthen competition in a market currently dominated by a few non-European players, thereby lowering costs for merchants and consumers." Other benefits, claims the ECB man, include greater privacy than commercial payment options and financial inclusion, with no one left behind. "More than just a payment option, a digital euro would bring Europeans closer in an increasingly digital and unstable world.

Amazon joined the exclusive $2 trillion club Wednesday after Wall Street investors pushed the value of the e-commerce giant’s stock past that threshold.

Many Midwestern homeowners hit by bad flooding this week do not have flood insurance

Amazon has joined the exclusive $2 trillion club after Wall Street investors pushed the value of the e-commerce giant’s stock past that threshold

Bollywood diva Sonakshi Sinha, who recently got hitched to her fiancée, Zaheer Iqbal, was given the perfectly, filmy wedding gift, a luxury car! The 'Heeramandi ' star received a BMW i7 electric sedan. According to an IANs report, the car costs a whopping Rs 2 crore! Pictures of the two zooming around across the city in what appears to be the new car has gone viral on the Internet. In the photos, Sonakshi looks ethereal in a red saree, an ornate gold jewellery and sindoor. Her reception look was a throwback to her role Rajjo, in her debut movie 'Dabangg', and made many fans feel nostalgic. «It seems that Rajjo finally founder her Chulbbul in real life, » gushed a fan on BollyBlindsGossip sub Reddit. Earlier, on Wednesday, the lovebirds took to Instagram to share the photographs of their wedding reception. The grand party was held at the posh pub Bastian, which is owned by actress Shilpa Shetty. Dropping the photos, the much in love couple wrote, “Whattttt a day!!! The love, the laughter, the togetherness, the excitement, the warmth, the support from every one of our friends, families and teams… it was like the universe came together for two people in love to give them exactly what they’ve always hoped, wished and prayed for (love). If this is not divine intervention… we dont know what is. We are both truly blessed to have each other and so much love protecting us.”

A great philosopher once said, “live long and prosper” and while data suggests that the American population is doing better on the first part of the phrase, the second part is a concern.

Electric vehicle manufacturer BGauss has launched its latest EV, the BGauss RUV 350. This new e-scooter comes in three variants: RUV 350i, RUV 350 EX, and RUV 350 Max. Prices start at Rs 1.10 lakh for the base model, going up to Rs 1.35 lakh for the top-spec variant. Deliveries will begin in July through BGauss's network of 120 dealerships across India. The RUV 350 features a 3.5kW electric motor, delivering a peak torque of 165 Nm and a top speed of 75 kmph. It is powered by a 3 kWh lithium LFP battery. The top-spec model boasts a range of up to 120 km on a single charge, while the RUV 350 EXi and RUV 350 EX variants offer ranges of up to 90 km. The e-scooter is built on a micro-alloy tubular frame with suspension duties handled by a telescopic fork at the front and twin shock absorbers at the rear. Braking is managed by drum brakes on both ends, and it rides on 16-inch wheels with tubeless tyres.

coal-based power plants through the newest Advanced Ultra Supercritical (AUSC) technology. A proposal to offer about ₹6,000 crore viability gap funding (VGF) mooted by the heavy industries ministry is being evaluated by the finance ministry, people familiar with the development told ET. A ₹3,500 crore payment security mechanism for electric buses is also being considered, they said, adding that a final call would be taken closer to the budget.

Spain's government says it will temporarily eliminate the sales tax on olive oil to help cushion skyrocketing prices