Business

• Rupee rallies 47 paise to close at 74.88 against US dollar
  
  The Rupee surged by 47 paise to close at 74.88 (provisional) against the US dollar on Wednesday on easing global crude oil prices.
• Sensex ends 456 points lower, Nifty slides below 18,300 as market extends losses to second day
  
  Losses in oil and gas, financial services, consumer goods and metals pulled the market lower. Broader markets were extremely volatile and slipped deep into the red again.
• Man's body with chopped hand found at Singhu border
  
  According to images that have surfaced on social media, the semi-naked body was seen hanging from a barricade.
• Target $2 Trillion Exports by 2030, Says Goyal
  
  Union Commerce and Industry Minister Piyush Goyal on Thursday exhorted all export promotion councils to work towards achieving the $2 trillion export target by 2030.
• India's GDP Expected to Grow by 20% YoY in Q1FY22: ICRA
  
  India's GDP is expected to grow by 20 per cent on a year-on-year basis in Q1FY22, ratings agency ICRA said on Wednesday.
• India's 'value E-commerce' Market Can Touch $40 BN by 2030: Report
  
  As the e-commerce sector grows in India, the value e-commerce market in the country has the potential to reach $40 billion by 2030, according to a report by global consulting firm Kearney.
• Taliban Takeover in Afghanistan Worries Dry Fruit Traders in India
  
  Vineet Sethi of Verdure Herbals from Delhi's Khari Baoli said his dry fruits consignment comes via Attari (in Punjab), but it has been stopped since one and a half months already.
• India's Wholesale Price Inflation Sequentially Eases to 11.16% in July
  
  Easing prices of food products, primary articles sequentially decelerated India's July 2021 wholesale inflation.
• Lower Food Prices Eases India's July Retail Inflation
  
  Lower food prices eased India's July retail inflation on a sequential basis.
• 'Rigorous' Work Underway to Achieve Privatisation Targets: FM
  
  The government has set a target to complete the privatisation of Air India and BPCL, among other state-run companies and banks, in FY22.
• Visible Signs of Economic Revival since Late May: Finance Ministry
  
  With the receding impact of the second wave of Covid-19 pandemic, signs of economic recovery have been visible since the second half of May, according to the Finance Ministry.
• 'Inquiry Has to Be Conducted': SC Junks Flipkart, Amazon Plea against CCI Probe
  
  The Supreme Court on Monday declined to entertain a plea by e-commerce giants Amazon and Flipkart, saying they must face an inquiry by Competition Commission of India (CCI) for anti-competitive practices.
• Govt Introduces Bill to Nullify Contentious Retrospective Taxation
  
  The government has set in motion a fresh set of amendments to the tax laws that will nullify the retrospective tax amendment provisions introduced in 2012 that set to tax any gains on indirect transfer of Indian assets made by foreign entities.
• Govt to Resume E-way Bill Blocking for Non-compliant Taxpayers
  
  The government will resume blocking of E-way Bill (EWB) generation facility for all taxpayers who fail file their monthly or quarterly GST return for two successive periods.
• Treat Wife with Respect, Otherwise Go to Jail: SC Uses Hindi to Settle Dispute
  
  A bench headed by Chief Justice N.V. Ramana and Justice Surya Kant while hearing the matter virtually asked both husband and wife to come online. 
• Reliance Industries Doubles PET Recycling Capacity
  
  Reliance Industries Ltd (RIL) is doubling its PET recycling capacity by setting up a recycled polyester staple fibre (PSF) manufacturing facility in Andhra Pradesh.
• Flipkart Urges SC to Restrain CCI Probe
  
  Walmart-owned Flipkart has urged the Supreme Court to restrain the country's antitrust body after it asked sensitive questions in what the firm called was an "invasive" investigation of its e-commerce operations, a global newswire reported.
• Back in Black: Maruti Suzuki's Q1FY22 Net Profit at RS 440.8 Cr
  
  Automobile major Maruti Suzuki on Tuesday reported a net profit of Rs 440.8 crore for Q1FY22.
• IMF Cuts India Growth to 9.5% Due to Covid Delta, but It Retains Top Spot
  
  The IMF's World Economic Outlook Update (WEOU) on Tuesday made the cuts to the projection of 12.5 per cent made in April, and the January projection of 11 per cent.
• 50% of BSES' Power Portfolio to Turn Green by 2024
  
  Green portfolio of BSES, comprising pure play renewable energy and hydro power, will make it one of the greenest discoms in the country.  
• Air India Lost 56 Employees Due to Covid Till July 14: Minister
  
  Centre on Thursday informed the Parliament that 56 employees of national carrier Air India have succumbed to Covid-19 pandemic till July 14.
• SEBI Chief Says IPOs like Zomato Show Maturity of Indian Market
  
  Addressing NISM's Second Annual Capital Markets Conference, he said that successful IPOs of such companies are likely to attract more funds in domestic markets, creating a new ecosystem of entrepreneurs and investors.
• Gold Futures Rise on Global Cues, Rising Concerns of Covid-19 'Delta' Variant
  
  Gold Futures Rise on Global Cues, Rising Concerns of Covid-19 'Delta' Variant
• Govt Seeks Parliament Nod for Additional Spending of RS 1.87 Lakh Cr
  
  The Centre on Tuesday sought the Parliament's approval for an additional spending of Rs 1.87 lakh crore to meet its expenditure commitments made under various Covid relief measures and to provide higher allocation for the health sector.
• Recovery Signs: Vistara Noticing Recovery in Leisure Travel
  
  India's accelerated vaccination drive as well as pent-up demand has triggered a recovery in leisure air travel, said Tata-SIA airline Vistara.

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