ED, the federal probe agency said it has seized Rs 17 crore worth funds kept in "merchant IDs and bank accounts of these Chinese persons-controlled entities", during the raids.
The Northeast Frontier Railway has also decided to operate four new toy train joy rides in Darjeeling during the festive season. The rides will run between Darjeeling and Ghum from October 1.
India world's fifth largest economy: The report stated that the size of the Indian economy in 'nominal' cash terms in the March quarter was $854.7 billion.
The BSE Sensex oscillated between gains and losses throughout the session after finally settling 36.74 points or 0.06 per cent higher at 58,803.33 while Nifty dropped 3.35 points or 0.02 per cent ending at 17,539.45.
NTPC, ITC, Bajaj Finance, Kotak Mahindra Bank, Larsen & Toubro, Titan, Mahindra & Mahindra, and Asian Paints were among the gainers in early trade.
Laxman Narasimhan, 55 was previously the CEO of UK-based Reckitt Benckiser, a multinational consumer health, hygiene and nutrition company.
The growth in UPI volumes is up almost 100 percent (year-on-year) and amounts transacted grew by 75 percent YoY in the month of August.
The BSE Sensex fell 770.48 points or 1.29 percent to settle at 58,766.59. During the day, it tanked 1,014.5 points or 1.70 percent to 58,522.57. Similarly, the NSE Nifty declined 216.50 points or 1.22 percent to close at 17,542.80.
Business news updates: This is a sharp 1.1 percentage points cut from the growth projection of 8.8 per cent for current year made in May by Moody's.
The projection is based on an over 20-year horizon and the growth could be much higher in the near-term.
LPG price update: Prices of domestic cylinders will, however, continue to remain steady.On July 6, prices of domestic liquid petroleum gas cylinders weighing 14.2 kgs were raised by Rs 50 per unit.
India first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies.
The deal is estimated to be around Rs 22 crore and Reliance Retail Ventures would introduce it to the general trade and local markets around Diwali, said sources close to the development.
Indian economy growth: Allaying concerns of high imports denting the fiscal architecture, he said the government was on course to meet fiscal deficit target of 6.4 per cent of GDP in current fiscal ending March 31, 2023.
SpiceJet Chairman and Managing Director Ajay Singh said the industry has been witnessing one of the most severe operating environment in the recent past which impacted the progress and recovery made in Q3FY2022.
GDP Growth: Many analysts had projected the Indian economy will expand at a double-digit growth rate due to the base effect.
US fed rate hike: The aggressive rate hikes will dampen demand and increase the possibility of a recession in the US. This could accelerate the pace of capital outflows, weaken the rupee and raise the threat of imported inflation.
Union Cabinet has also raised the procurement ceiling under the price support scheme from the existing 25 per cent to 40 per cent for pulses such as tur, urad, and masur.
Indian banks have a lowest average score in money management capabilities. In fact, no bank scored higher than 60 in this area of mobile banking, according to the latest Q3 2022 report by global research firm Forrester.
Rupee against dollar: The US dollar retreating from the 20-year high levels against a basket of world currencies also supported the local unit. At the interbank forex market, the local unit opened at 79.92 against the greenback.
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