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Reliance's media assets in India could spark intense antitrust scrutiny over their market power, with lawyers flagging concerns that the combined entity's strong portfolio of cricket broadcast rights could impact advertisers. The Disney-Reliance $8.5 billion merger would create India's No. 1 TV player with 120 channels, with local rival Zee closest with 50. Analysts at India's Ambit Capital estimate the entity, to be majority owned by billionaire Mukesh Ambani's Reliance, will have a 35% share of India's TV viewership.

GDP growth for the current financial year could be within striking distance of 8 per cent, a study by the State Bank of India (SBI) said on Friday, a day after India posted an 8.4 per cent growth in the December quarter, and revised upwards the estimates for the preceding two quarters. «The third quarter GDP numbers jolted the psyche and cognitive framework of most in markets, while sweeping some by a pleasant surprise. Clearly, right policy prisms and perspectives can trump irrational expectations bordering fault lines,» SBI said in its research report 'Ecowrap'. It noted that defying all estimates, the economy grew 8.4 per cent in the third quarter of 2023-24 after exhibiting more than 8 per cent growth in the preceding two quarters. The buoyancy in indirect tax mop-up (32 per cent year-on-year growth), gap between Gross Domestic Product (GDP) and Gross Value Added (GVA) growth widened.

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Vice President Kamala Harris plans to return to the swing state of Wisconsin next week for an event touting worker apprenticeship programs

The central African nation of Congo is known for its mineral riches

Read here: India's Q3 GDP growth at 8.4%, beats D-Street estimates; economy grows at fastest pace in 6 quarters: 5 key highlights Soumya Kanti Ghosh, Group Chief Economic Adviser at State Bank of India believes FY24 GDP growth to be near 8%. “The third quarter GDP numbers jolted the psyche and cognitive framework of most in markets, while sweeping some by a pleasant surprise. Clearly, right policy prisms and perspectives can trump irrational expectations bordering fault lines.

Harsha Upadhyaya, CIO-Equity, Kotak AMC, says it is definitely difficult to find value buys in this market, but there are several sectors which are likely to grow at a decent teens kind of earnings trajectory. Those are the names which will have potential to outperform the market. Maybe the volatility will increase, but still there is enough growth on the table. Upadhayaya further says: “It is not that mid and smallcaps will not give returns or correct a lot at this point of time, it is just that from a risk-reward perspective, it makes sense to have a little bit of tilt towards largecaps and that is what we have been suggesting to most of our investors.”

Central Information Commission directing the Central Board of Direct Taxes to provide information relating to Shri Ram Janmabhoomi Teerth Kshetra Trust, looking after the construction and management of the Ram temple in Ayodhya, under the RTI Act. The high court on February 28 allowed the petition by the Central Board of Direct Taxes (CBDT) challenging the Central Information Commission's (CIC's) November 30, 2022, order. Justice Subramonium Prasad said it is always open for applicant Kailash Chandra Moondra to approach the appropriate authority under the Income Tax Act to seek information as sought in the Right to Information (RTI) application. The high court was dealing with a plea by the Central Public Information Officer (CPIO) of CBDT seeking quashing of the November 30, 2022, order of the CIC which had directed that the CPIO would revisit certain points made in the application under the RTI Act and provide information within 15 days from the receipt of the order.

Supreme Court on Friday agreed to hear an appeal of the Gyanvapi management committee against an Allahabad High Court order which held that lawsuits for «restoration» of a temple where the mosque stands in Varanasi are maintainable. «We will tag this with the main case,» a bench comprising Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra said. The plea in the top court was filed by the Anjuman Intezamia Masjid, the committee which manages the affairs of the Gyanvapi mosque. On December 19 last year, the Allahabad High Court had dismissed pleas challenging the maintainability of a 1991 suit seeking the «restoration» of a temple at the site where the Gyanvapi mosque stands.

Radhika Rao, Sr Economist & Executive Director, DBS Bank, says “if we look at the real GDP, I do not see any justification that the authorities might find to go too dovish too fast. Even this real rate gap that we all refer to, even that kind of loses the debate if this is the kind of growth momentum we are carrying. So, net-net, we will certainly wait for one more quarter of data. I think backward revisions need to be factored in and this kind of a gap between GDP and GVA in two quarters might normalise so that we might see real GDP adjust lower.” What is your first take of the completely divergent GDP number that has come in at 8.4%. What were you pencilling in? Radhika Rao: I think we were at about 6.8% for the real GDP and expecting the GVA to be about 6.5-6.6%. I think our GVA number is along what the print is, but the real GDP is certainly seeing a very strong upside surprise. In fact, we did a double take to see it was in fact, 8% plus! That means for the three quarters of the fiscal year, we are actually averaging about 8%, a massive upside surprise to the RBI's forecast, our forecast, as well as certainly what the advanced estimates were suggesting.

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Gyanvapi mosque committee's plea against the Allahabad HC order which held that the suit for restoration of the temple is maintainable. "We will tag this with the main case," a bench comprising Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra said. The plea in the top court was filed by the Anjuman Intezamia Masjid, the committee that manages the affairs of the Gyanvapi mosque.

Rihanna, SRK arrive for Anant Ambani-Radhika Merchant pre-wedding celebrations Radhika Merchant is the younger daughter of Viren Merchant and Shaila Merchant, who are the founders and owners of Encore Healthcare. Radhika's father is the CEO of Encore Helathcare and also a board member of APL Apollo Tubes, a steel manufacturing company while her mother Shaila is the director of Encore Helathcare. Anant Ambani-Radhika Merchant pre-wedding festivities begin in Jamnagar | Watch Radhika's elder sister, Anjali Merchant is married to Akash Mehta- a businessman and a partner at EY.

Former Canadian prime minister Brian Mulroney has died at the age of 84.

By Munsif Vengattil and M. Sriram

By Daniel Wiessner

FSSAI on Thursday said it has awarded 'Eat Right Station' certification to 150 railway stations so far for ensuring safe, hygienic and nutritious food options for passengers. In a statement, the health ministry said, «The Food Safety and Standards Authority of India (FSSAI)'s Eat Right Station initiative is making significant strides in ensuring access to safe and healthy food within these bustling hubs.» Till date, 150 railway stations across the country have been certified as 'Eat Right Stations', ensuring safe, hygienic, and nutritious food options for millions of passengers. The 'Eat Right Station' certification process involves rigorous audits of food vendors, training of food handlers, adherence to strict hygiene and sanitation protocols and efforts to raise awareness among individuals to make informed food choices.

Mexican citizens will once again need a visa to come to Canada after asylum claims from that country have soared over recent years.

Vodafone Idea (Vi), Neeraj Mittal, secretary in the department of telecommunications, said as he welcomed the approval given by the cash-strapped carrier's board to a fund-raise proposal. "We'll have to examine everything, if there is an opportunity, there is a need for it, how do the next few months look like in terms of their operations," he said in an interview, adding that the government may not look at divestment immediately. The Union government is the largest shareholder in Vodafone Idea, India's third-largest carrier, with a 31% stake.

Multinational beer and beverage company Anheuser-Busch InBev, maker of Budweiser, Bud Light, Stella Artois and Corona, has reported a 7% increase in operating profit for last year, even as as sales sagged in the United States due to a decline in demand...