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Vraj Iron and Steel IPO Closes With 126 Times Subscription; Allotment On 02 July

Vraj Iron and Steel IPO closes on 28 June. The allotment is scheduled on 01 July, followed by the listing on the NSE and BSE on 03 July

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India-US Agrees To Extend 2% Digital Tax On E-commerce Supplies Until June 30

The Finance Ministry said, that both countries will remain in close contact to ensure that there is a common understanding of the respective commitment and endeavour to resolve all issues on this matter through constructive dialogue

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RNLIC Declares Rs 346 Cr Bonus, Unveils New Product RNL STAR

All eligible participating policies as of 31 March 2024, have benefited from this bonus declaration, the company says

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World Bank Approves $1.5 Bn To Support India's Low-carbon Energy Sector

"The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen, and stimulating climate finance for low-carbon energy investments.," the World Bank said in a blog post.

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Engineering Goods Exports Surge 7.39% In May To $9.99 Bn

Propped up by Automobile, Electrical Machinery, and Aircraft Products Sectors

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Core Industries Grows By 6.3% In May, Power, Coal, Steel, Natural Gas & Refinery Showed Positive Growth

The index of core industries measures the combined and individual performance of production of eight core industries which include Cement, Coal, Crude Oil, Electricity, Fertilizers, Natural Gas, Refinery Products and Steel

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FATF Recognises India's Efforts To Combat Money Laundering, Terrorist Financing

India's performance in the FATF Mutual Evaluation brings substantial benefits to the country's growing economy as it highlights the stability and integrity of its financial system

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Government Received 18.6% Of Its Budget Estimate Revenue In First Two Months Of FY25

The ministry stated that the government received Rs 3,19,036 crore from Tax Revenue (Net to Centre), Rs 2,51,722 crore from Non-Tax Revenue, and Rs 2,087 crore from Non-Debt Capital Receipts

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New Delhi-Berlin Working On Co-production Of Submarine: German Envoy To India

More progress on the defence deal is anticipated during German Chancellor Olaf Scholz's visit to India in the latter half of October

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