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inflation in India, improving productivity growth alongside external factors, economists now expect the Reserve Bank of India to hold the rates steady and expect no easing in FY25. A report by Morgan Stanley on Tuesday said that the RBI is likely to keep the policy rate steady at 6.5 per cent due to global factors such as higher commodity prices, delayed start or shallower easing from the Fed and a stronger dollar. In addition, the decision also depends on domestic factors such as continued upside surprise in growth, driven by capex and productivity, implying higher equilibrium real rates.

Navi Mumbai has become the latest victim of cyber fraud, losing a substantial sum of Rs 45.69 lakh in a share trading scam, as revealed by an official statement on Tuesday. The victim, whose identity remains undisclosed, was reportedly approached by a group of cyber criminals through various social media platforms. These individuals, promising lucrative returns, convinced the victim to invest in share trading between March 2 and April 14. Despite investing nearly Rs 45.69 lakh during this period, the victim failed to receive any returns on the investment, leading to significant financial repercussions. In response to the victim's complaint, the cyber police station has taken swift action, registering a First Information Report (FIR) against five suspects. The charges include «cheating» under Section 420 of the Indian Penal Code and «criminal breach of trust» under Section 406, among others. Law enforcement authorities are actively pursuing the case, employing various investigative techniques to identify and apprehend the accused.

Shriram Finance Ltd. rose 0.15 per cent to Rs 2411.9 in Tuesday's trade. It hit an intraday high of Rs 2423.3 and low of Rs 2355.7, respectively, during the day. The stock quoted a 52-week high price of Rs 2605.0 and low of Rs 1296.55.

Cholamandalam Investment & Finance Company Ltd. traded 1.85 per cent down in Tuesday's trade at 01:54PM (IST). Around 7,552 shares changed hands on the counter. The stock opened at Rs 1155.1 and touched an intraday high and low of Rs 1162.45 and Rs 1131.05, respectively, in the session so far. Shares of the company of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 1309.75 and a 52-week low of Rs 819.0.

Microsoft Corp. will invest $1.5 billion in a technology company backed by the United Arab Emirates, a deal that includes an intergovernmental pact to ensure artificial intelligence security as the U.S. and China increasingly compete for influence in the Gulf.

₹12 crore from primary markets. Faalcon Concepts deals with the planning, design, fabrication, and installation of façade systems. The bidding for Faalcon Concepts IPO will open on April 19 and close on April 23.

Salman Rushdie has released his much-awaited memoir "Knife" today, recounting the harrowing experience of being stabbed at a public event in 2022 and how he overcame the near-fatal ordeal. Originally from India and now a naturalized American residing in New York, Rushdie gained global attention as a champion of free speech following death threats spurred by his controversial 1988 novel "The Satanic Verses.".

BJP and BRS in Telangana have claimed that the announcement of Rs two lakh farm loan waiver by Chief Minister A Revanth Reddy is a result of their agitations demanding it and sought to know when the other promises of ruling Congress government would be fulfilled. Taking on the Congress government, BJP Rajya Sabha member K Laxman on Tuesday asked why should people vote for Congress in the Lok Sabha elections when promises like investment support of Rs 15,000 to farmers and financial assistance of Rs 12,000 to agriculture workers have not been implemented. Addressing reporters here, Laxman also took exception to Revanth Reddy's charge that there was a clandestine understanding between BJP and BRS. BRS MLA T Harish Rao claimed that the CM made the announcement to waive farmers' loans before August 15 only with an eye on the Lok Sabha polls.

Vodafone Idea in the nation to date, said a Money Control news report, citing people aware of the developments. Vodafone Idea FPO's anchor investor bidding date is scheduled for today (Tuesday, April 16).

Vodafone Idea is set to launch its FPO to raise ₹18,000 crore and anchor investors bidding opens today, April 16. Vodafone Idea FPO is slated to be India’s biggest FPO, if successful, after Yes Bank’s ₹15,000 crore FPO in July 2020. The ₹20,000 crore worth Adani Enterprises FPO in 2023 was cancelled after being fully subscribed.

water crisis? With polls, politics, and heatwaves coming up in the national capital the common man's life will be at stake. While the Delhi Jal Board claimed that there was no deficit in water provision, it is also true that water production has remained unchanged over the past year. As per ToI report, in Feb 2023, DJB's internal report to chief minister «Arvind Kejriwal» stated that the optimal water production level was 990 million gallons per day (MGD). On April 3 this year, the water utility said in a written statement that water production in the capital stood at 990.2 MGD on average between the end of March and start of April. Many within DJB privately accepted that this was going to be the toughest summer that the water utility has faced.

Swan Energy Ltd.(up 1.67 per cent), Brigade Enterprises Ltd.(up 0.85 per cent), Phoenix Mills Ltd.(up 0.79 per cent), Sobha Ltd.(up 0.55 per cent) and Oberoi Realty Ltd.(up 0.03 per cent) were among the top gainers.

Bharat Electronics Ltd. traded 0.59 per cent up in Tuesday's trade at 11:21AM (IST). Around 797,783 shares changed hands on the counter. The scrip opened at Rs 232.75 and touched an intraday high and low of Rs 237.0 and Rs 230.0, respectively, in the session so far. The stock of Bharat Electronics Ltd. quoted a 52-week high of Rs 238.0 and a 52-week low of Rs 100.01.

The Liberals plan to include measures in the 2024 budget to make sure the wealthiest Canadians “pay more,” according to three government sources.

Also Read | Harry feels ‘more spare than ever’ after Kate's cancer diagnosis, says royal expert Tessa Dunlop The couple's net worth is largely derived from their various business ventures, including lucrative deals with companies like Netflix and Spotify. They also reside in a £11 million mansion in Montecito, California, which they purchased after relocating to the United States, the report added.

₹200 crore to become a monk. The Himmatnagar-based Bhavesh was in the construction business before renouncing the material world. Bhavesh and his wife are reportedly inspired by their 19-year-old daughter and 16-year-old son who adopted monkhood in 2022.

Jio Financial Services, the financial subsidiary of Reliance Industries, witnessed a significant surge of 5% during today's intraday session, reaching ₹371.95 per share. This increase follows the company's announcement, made through an exchange filing on Monday, regarding the signing of an agreement to establish a 50:50 joint venture with BlackRock.

UAE Weather: Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive Council in the United Arab Emirates (UAE) has ordered work-from-home for all employees today, April 16, NDTV reported. The decision that all Ajman government employees will work remotely on April 16 comes amid adverse weather changes in the region, it added. This ruling applies to workers in all government offices in Ajman, except for those with duties that must be done in person as decided by the competent authority in each department, it said.

Elections in India seem to be incomplete these days without the background noise of a statistical controversy. Ahead of the 2019 Lok Sabha elections, the suppression of an unflattering employment report had ignited a controversy. At that time, two members of the National Statistical Commission (NSC), India’s apex statistical regulator, had resigned in protest.

Tesla senior officials quit as carmaker undertakes largest round of job cuts Musk responded to another user saying that the new accounts would be able to post after three months of creation without paying a fee. "They (new users) will be able to do write actions for free after three months," Musk wrote. However, Musk has not unveiled how much fee X platform would charge from new users.

The Economic Times reported on April 16. If a deal is struck, it will mark a gradual shift in Apple's operations from China to India, the report further added. Titan shares closed down 0.50 per cent at ₹3,601.55 on April 15, on the Bombay Stock Exchange (BSE).