Jio Financial Services has acquired a 17.8% stake in Jio Payments Bank from SBI, making it a wholly-owned subsidiary. This follows RBI approval and coincides with Jio BlackRock’s launch of mutual fund schemes, aiming to offer innovative investment products. The…
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PNGS Reva Diamond Jewellery, based in Pune, has submitted preliminary documents to Sebi to raise Rs 450 crore through an IPO, consisting entirely of a fresh issue of equity shares. The company intends to use the IPO proceeds to establish…
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1994-batch Himachal Pradesh cadre IAS officer Thakur joined the Department of Economic Affairs as an OSD in April.
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ICRA projects India’s real GDP growth to exceed 6.5% and GVA growth to surpass 6.3% for FY26. CPI inflation is expected above 4.2%, with a fiscal deficit of 4.4% of GDP. Rural demand will likely remain strong, supported by Rabi…
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India’s fiscal dynamics have improved at the aggregate level post-pandemic, with a most notable shift in the quality of spending, which is reflected in the higher capital expenditure by the government over the last five years, according to a Morgan…
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CFO Sanjay Shah said the company is hoping to begin operations at the new plant in the current or next quarter, adding that at full scale the plant will be manufacturing 950 tons of polyester. Shah also spoke on the…
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