Budget likely to see cut in fiscal deficit target to 4.9-5 pc on higher revenue receipts: ICRA

New Delhi: Credit rating agency ICRA estimates the Central government’s revenue receipts will witness an upward revision of Rs 1.2 lakh crore in the forthcoming Revised Budget for 2024-25 over the Interim Budget Estimate, while pegging a relatively shallower increase in the revenue expenditure target, largely focused on the rural economy. The rating agency expects … Read more

European Commission asks Amazon to furnish details over recommender algorithms, ads transparency

London: The European Commission on Friday sent e-commerce giant Amazon a request for information (RFI) under the Digital Services Act (DSA). It has asked the Jeff Bezos-founded behemoth to provide more information on the measures the platform has taken to comply with the DSA obligations related to the transparency of recommender systems and their parameters, … Read more

Adani Vizhinjam Port to receive first mothership on July 12

Thiruvananthapuram: With the completion of the first phase of the country’s first exclusive trans-shipment port, the Adani Group‘s Vizhinjam Port located near the famed Kovalam beach in Kerala is all set to receive its first mothership on July 12, a top port official said on Thursday. Divya S. Iyer, the Managing Director of the port, … Read more

Indian equity markets surge nearly 14 pc in June quarter, leads in world top 10

Mumbai: Indian stock indices gave a stellar performance in the June quarter of FY 2024-25. During the April- June period, Indian stock market capitalisation increased by 13.8 per cent, the highest among the top 10 stock markets. Currently, the Indian equity market is the fifth largest stock market in the world with a market capitalisation … Read more