UK's public sector net debt, excluding that of state-controlled banks, hit 2.567 trillion pounds ($3.28 trillion), equivalent to 100.1% of gross domestic product.
The government has cleared US-based chip maker Micron's project to set up a semiconductor test and packaging unit worth $2.7 billion in the country, according to sources.
With a total of almost 1,000 jet orders between them, IndiGo and Air India are betting an economic boom and growing middle class will spur demand for domestic air travel, and new jets will help them grab a bigger share of international traffic.
Broader markets were outperforming key indices, as Nifty Midcap Select spurt 0.96 per cent, Nifty Midcap 100 gained 0.86 per cent, and Nifty Midcap 150 rose 0.84 per cent.
On March 28, G20 India Presidency set up the expert group co-convened by Singh and former US Treasury secretary Lawrence Summers. Singh and Summers had invited inputs from the public ahead of the submission of their report ahead of the G20 Finance Ministers and Central Bank Governors meeting in July in Gandhinagar.
According to the RBI, the primary regulatory objective of the circular -- issued on June 8, 2023 -- is to enable multiple avenues to lenders to recover the money in default without much delay.
Air India’s firm orders include 34 A350-1000, six A350-900, 20 Boeing 787 Dreamliners, and 10 Boeing 777X wide-body aircraft, as well as 140 Airbus A320neo, 70 Airbus A321neo, and 190 Boeing 737MAX narrow-body aircraft.
The government on Tuesday appointed Swaminathan Janakiraman as a deputy governor of the Reserve Bank of India for three years from the date of joining.
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Sebi has barred Yatendra Kumar, a former executive of Wockhardt Ltd, from the securities market for six months and directed him to disgorge losses of over Rs 14 lakh averted by flouting insider trading rules.
According to an official statement, during April-May 2023, steel CPSEs (Central Public Sector Enterprises) have made payment of Rs 1,321.32 crore to MSMEs, which is 23.8 per cent higher than Rs 1,067.53 crore made during the corresponding period of preceding 2022-23 fiscal.
IndiGo's shares jumped in early trade on Tuesday to hit its 52-week high after the company on Monday placed the largest-ever order in aviation history.
China, in a highly anticipated move, cut its benchmark loan prime rates (LPR) for the first time in 10 months on Tuesday, although the 10-basis point reduction in the five-year LPR was smaller than many had expected.
The companies will use a Suzuki Group factory in central Japan to make electric vertical take-off and landing (eVTOL) aircraft and aim to begin production by around spring next year, Suzuki said in a statement.
Earlier this year, after a tumultuous two years that saw Alibaba heavily targeted by increased regulatory scrutiny, the firm said it would restructure into six units, each with their own boards and CEOs.
Shares of IIFL Securities plunged as much as 24 per cent in the morning trade on Tuesday after market regulator Sebi on Monday barred the company from onboarding clients for 2 years.
Sectorally, Nifty Financial Services 25/50 gained 0.96 per cent, the IT index gained 0.78 per cent, Nifty Auto gained 0.74 per cent, and the metal index jumped 0.74 per cent.
The latest monetary easing comes as China's post-pandemic recovery shows signs of losing steam after some initial momentum in the first quarter of this year.
