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₹860-crore contract to make five PSLV rockets in four years. This capacity is now being ramped up through more private vendor participation. Another key area is in completely privatizing Isro’s small rocket—the Small Satellite Launch Vehicle (SSLV).

continuation of a targeted subsidy of ₹300 per 14.2 kg cylinder for up to 12 refills per year. Beneficiaries can avail of this scheme starting April 1, 2024, till March 31, 2025. "The total expenditure for this will be ₹12,000 crores," said Piyush Goyal.

A Montenegrin court has ruled that cryptocurrency mogul Do Kwon should be handed over to his native South Korea, the latest twist in the months-long legal procedure that followed the arrest of the Terraform Labs founder in the Balkan nation last year

Hamas says negotiations over a Gaza cease-fire and the release of more Israeli hostages will resume next week, after a delegation of the Palestinian militant group left Cairo

Himanta Biswa Sarma on Wednesday warned All India United Democratic Front (AIUDF) chief Badruddin Ajmal that he would be arrested if found flouting the law and continuing with Magical practices. State assembly recently passed Assam Healing (Prevention of Evil) Practices Bill, 2024 in assembly that bans non-scientific healing practices in the state. Sarma said, “If he (Badruddin Ajmal) will do healing practices, he will be arrested. What I will say, will happen. I am not speaking about myself, I am speaking about the Assembly,” Sarma said.

Indian Banks' profitability will remain at healthy levels despite slight moderation on account of declines in net interest margins (NIMs) according to global ratings firm Moody’s. Also, higher risk weights for exposures to non-bank finance companies (NBFCs) and unsecured retail loans will result in a slight moderation in banks' capital ratios. But their capitalization will still remain strong, it said. NIMs will decline marginally as banks reprice maturing deposits at higher rates to fully reflect previous increases in interest rates. A slowdown of growth in higher-yielding loans after the Reserve Bank of India (RBI) increased risk weights for riskier loans to NBFCs and unsecured retail loans will also contribute to falls in NIMs, the ratings firm said.

Union Cabinet on Thursday approved the 'India AI mission' with an outlay of Rs 10,371.92 crore for a period of five years, to give a further push for Artificial Intelligence in India. The announcement was made by Union Minister Piyush Goyal at a cabinet briefing, where he reiterated the need to have a robust environment for promoting the tech in the country. «The IndiaAI mission will establish a comprehensive ecosystem catalyzing AI innovation through strategic programs and partnerships across the public and private sectors. By democratizing computing access, improving data quality, developing indigenous AI capabilities, attracting top AI talent, enabling industry collaboration, providing startup risk capital, ensuring socially impactful AI projects and bolstering ethical AI, it will drive responsible, inclusive growth of India's AI ecosystem,» the government said in a release.

Tax Officials under goods and service tax (GST) has busted a syndicate that fraudulently claimed Input Tax Credit of over Rs 1,000 crore through a network of 232 fake firms. The investigation was initiated by the anti evasion branch of Central Goods and Services Tax (CGST) Commissionerate, Meerut in October 2023 which detected that a large syndicate was fraudulently claiming Input Tax Credit (ITC) by way of fake billing. «The investigation conducted so far has revealed that a total number of 232 fake firms, with 91 firms registered on a single mobile number, are registered at various places across the country and have passed an inadmissible ITC of around Rs. 1,048 crore. Total value of goods shown to be supplied through these firms is around Rs. 5,842 crore,» the finance ministry said in a statement.

DRDO. Under the around Rs 15,000 crore project, Defence Research and Development Organisation's Aeronautical Development Agency would develop the stealth fighter jet and its technologies in partnership with various private and public sector agencies and build around five prototypes in around five years, government sources told ANI. The project would see the prototype manufactured by industry including the public sector unit Hindustan Aeronautics Limited, they said.

government has announced the extension of the Rs 300 per LPG cylinder subsidy to poor women under the Ujjwala Yojana for the next fiscal starting April 1. The subsidy was increased from Rs 200 per cylinder last year. Union Minister Piyush Goyal stated that the Cabinet Committee on Economic Affairs (CCEA) has decided to extend this subsidy until 2024-25. It is expected to benefit nearly 10 crore families and will cost the government Rs 12,000 crore. The announcement comes ahead of the general elections scheduled for April-May. The Pradhan Mantri Ujjwala Yojana (PMUY) was launched in May 2016 to provide deposit-free LPG connections to adult women of poor households.

By David Lawder

Kuldeep Yadav, who grabbed five wickets, and 100th Test man Ravichandran Ashwin helped India bundle out England for a woeful 218 in their first innings on Day 1 of the fifth Test here on Thursday. Kuldeep (5/72) and Ashwin (4/51) ran through the England batting line-up as the visitors lost eight wickets for 118 runs across post-lunch and post-tea sessions. Opener Zak Crawley (79, 108 balls) offered lone resistance for England. There were two partnerships in the middle-order — 37 between Crawley and Joe Root for third wicket and 38 between Root and 100-Test-man Jonny Bairstow for the fourth wicket — but they were not sufficient for the visitors.

In anticipation of International Women’s Day, Fibe, a fintech platform, has unveiled intriguing insights into the credit habits of female borrowers. The research suggests that women exhibit greater responsibility as credit borrowers, being 10% more likely to make timely EMI repayments compared to their male counterparts.

₹6,400 crore and address a public meeting. He will participate in the 'Viksit Bharat Viksit Jammu Kashmir' programme and dedicate to nation about ₹5000 crore worth programme for boosting agri-economy in Jammu and Kashmir. The Prime Minister will also launch nationwide projects related to the tourism sector worth more than ₹1,400 crore under the 'Swadesh Darshan' and 'PRASHAD' (Pilgrimage Rejuvenation And Spiritual, Heritage Augmentation Drive) schemes, including a project for the integrated development of the Hazratbal shrine in Srinagar.

Cameron Brandt, EPFR Global, The issue for India, certainly from a fund perspective, has been that the global emerging markets funds, the big diversified funds, even as they have raised their average allocation to India to a new record high, have not been attracting much money, if at all. So that source of flows has really dried up or even gone into reverse for much of the past five, six months. The India dedicated funds on the other hand, never left.

By Byron Kaye

An aggressive nonorganic growth strategy that began in 2019 has boosted new client assets by more than $1 billion for Householder Group.

The largest US public pension fund is looking externally for its next chief investment officer, following a long spell of lackluster returns and leadership churn. 

Monetarism a la Friedman says that inflation everywhere is always a monetary phenomenon. Increasing money supply by lowering interest rates can bring about only short-term gains in terms of increased GDP. But as time passes, it will be inflationary, as price expectations and wages adjust to increased money supply.

Canada’s biggest banks are more than twice as exposed to the fossil-fuel business as their European and United States counterparts, according to a report from climate-change think tank InfluenceMap.

Los Angeles Lakers will host Sacramento Kings at Crypto.com Arena on Wednesday night. The NBA game between Los Angeles Lakers and Sacramento Kings is scheduled to tip off at 10.30 pm (ET) on March 6, 2024. One can watch the game for free on fubo TV and there is a free trial on NBA TV.