Manufacturing shrinks, slowing Q2 GDP growth to 6.3%

Manufacturing shrinks, slowing Q2 GDP growth to 6.3%

Image for representation purpose only. | Photo Credit: Reuters Manufacturing and mining output contracted year-on-year in the July-September quarter, dragging Gross Value Added growth to a slower-than-expected 5.6%, which together with high inflation and weak exports combined to slow overall Gross Domestic Product (GDP) growth to a 6.3% pace, as per estimates released by the […]

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RBI’s modified digital lending norms to come in effect from December 1

RBI’s modified digital lending norms to come in effect from December 1

The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai. File. | Photo Credit: Reuters The Reserve Bank’s modified guidelines on digital lending that seek to protect customers from exorbitant interest rates by certain entities and also check unethical loan recovery practices will come into effect from […]

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Discoms’ outstanding dues dip by ₹24,689 cr. to ₹1,13,269 cr. in last 6 months: Power Ministry

Discoms’ outstanding dues dip by ₹24,689 cr. to ₹1,13,269 cr. in last 6 months: Power Ministry

The Ministry of Power on Wednesday said outstanding dues of electricity distribution firms (discoms) towards gencos, transcos and traders had come down by ₹24,680 crore to ₹1,13,269 crore in the last six months. “With the implementation of Electricity (LPS and Related Matters) Rules, 2022, remarkable improvement has been seen in recovery of outstanding dues of […]

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Telcos seek regulatory framework to levy usage charge on OTTs, exemption for small players

Telcos seek regulatory framework to levy usage charge on OTTs, exemption for small players

Image for representation. New Delhi Telecom operators industry body COAI has written to the government to set-up a licensing and regulatory framework to charge a ‘usage fee’ from big internet-based calling and messaging apps like WhatsApp, Signal, Google Duo. In a letter to Telecom Secretary K. Rajaraman last week, the Cellular Operators Association of India […]

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FIFA says rainbow items are allowed at World Cup stadiums

FIFA says rainbow items are allowed at World Cup stadiums

Mario Ferri, 35, who calls himself “The Falcon”, and wearing a t-shirt reading “Save Ukraine” invades the pitch waving a rainbow-coloured Peace flag on the pitch during the Qatar 2022 World Cup Group H football match between Portugal and Uruguay at the Lusail Stadium in Lusail, north of Doha on November 28, 2022. | Photo […]

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Finance Minister Nirmala Sitharaman sees capital spending fuelling growth

Finance Minister Nirmala Sitharaman sees capital spending fuelling growth

Nirmala Sitharaman | Photo Credit: PTI India plans to sustain its high growth rate through more government capital spending but will also focus on health and education next year, Finance Minister Nirmala Sitharaman told  the Reuters NEXT conference on Wednesday. Ms. Sitharaman was speaking amid consultations for the next Budget, which is expected to be […]

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In Ukraine, watching the FIFA World Cup poses challenges

In Ukraine, watching the FIFA World Cup poses challenges

Hlib Kuian, left, and Roman Kryvyi watch a World Cup soccer match on a screen at Mazza Cafe kebab-stand, in Irpin, Kyiv region, Ukraine, on November 29, 2022. | Photo Credit: AP Ukrainian video-game vendor Roman Kryvyi, fresh from a soccer game on a snow-blanketed field in suburban Kyiv, sat up close to a TV […]

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Virus strikes England on eve of first test in Pakistan

Virus strikes England on eve of first test in Pakistan

England’s Harry Brook, center, bats during a training session, in Rawalpindi, Pakistan, on November 30, 2022. | Photo Credit: AP Several England players have been struck by a virus ahead of the team’s first test in Pakistan in 17 years, leading to discussions about postponing the start of the match by one day. Only five […]

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Discoms’ outstanding dues dip by ₹24,689 cr. to ₹1,13,269 cr. in last 6 months: Power Ministry

NDTV shares continue to rally for 5th day, hit upper circuit limit

Shares of NDTV continued to rally for the fifth day running on Wednesday, further climbing 5% to hit its highest permissible trading limit for the day. NDTV founders Prannoy Roy and his wife Radhika Roy have resigned as the directors of promoter group vehicle RRPR Holding Private Limited as the Adani Group neared takeover of […]

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