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RBI won't accept or exchange Rs. 2000 currency notes on April 1

India, March 29 -- The Reserve Bank of India on Friday announced Rs. 2000 currency note will not be exchanged or accepted on April 1 due to operations associated with the Annual Closing of Accounts. ... Read More


India's Apr-Feb fiscal deficit at Rs 15.01 lakh cr, reaches 86.5% of FY24 target

New Delhi, March 28 -- Indias fiscal deficit for the period between April and February of FY24 amounted to Rs 15.01 lakh crore, nearly 86.5 percent of the target set for the entire financial year. Th... Read More


Ambani, Adani collaborate as Reliance buys 26% stake in Adani Power project

Mumbai, March 28 -- In a first-ever collaboration between competing billionaires, Reliance Industries, led by Mukesh Ambani, has acquired a 26 percent stake in a Madhya Pradesh power project belonging... Read More


RBI to temporarily stop exchange/ deposit of 2,000 banknotes on Apr 1

Mumbai, March 28 -- The Reserve Bank of India (RBI) has announced that the exchange or deposit of Rs 2,000 banknotes will not be available on Monday, April 1, 2024, at its 19 issue offices nationwide.... Read More


Adani family injects Rs 6,661 cr in Ambuja Cement

Mumbai, March 28 -- The Adani family has injected Rs 6,661 crore into Ambuja Cement, elevating its stake in the company to 66.7%. This follows a previous investment of Rs 5,000 crore, executed throug... Read More


SBI revises yearly maintenance charges of some cards

Mumbai, March 28 -- The State Bank of India (SBI) has updated the yearly maintenance fees for specific debit cards. These newly proposed rates will come into effect starting April 1, 2024, as per the... Read More


Sanofi collaborates with Dr. Reddy's Labs to promote and distribute its vaccine brands in India

New Delhi, March 27 -- Hyderabad-based pharmaceutical major Dr. Reddys Laboratories Limited (DRL) on Wednesday announced an exclusive partnership with Sanofi Healthcare India Private Limited to promot... Read More


India's March gold imports expected to fall significantly: Report

New Delhi, March 27 -- Indias gold imports are likely to drop in March by over 90% compared to the previous month, reaching the lowest point since the onset of the COVID-19 pandemic, media reported. ... Read More


Morgan Stanley raises India's FY25 GDP growth to 6.8%

Mumbai, March 27 -- Global brokerage firm Morgan Stanley on Wednesday increased its GDP growth forecast for India in FY25 to 6.8 percent, up from the previous estimate of 6.5 percent. This upward rev... Read More


Centre plans to borrow Rs 7.5 lakh cr to bridge revenue gap and bolster growth

New Delhi, March 27 -- The government is planning to borrow Rs 7.5 lakh crore through market borrowing between April and September 2024-25 to bridge the revenue gap and stimulate economic growth, the ... Read More