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Business

Social media giant Twitter has become a target of its former Public Relations firm, Joele Frank for non-paymet of invoices.

The global investment banker also revised its earlier forecast for FY23 and FY24 by 30 bps and 10 bps to 6.9 per cent and 6.4 per cent, respectively.

Today 3.5 crore houses have been constructed in the country under PM Awas Yojana, 12 crore people have water connections, and 9.6 crore families have been provided gas cylinders.

"We moved very quickly from technology shifts. India now has the fastest 5G roll-out in the world. By 2024 March India will have 5G connectivity across the country," Mittal said.

"In the economic survey we said 6.5% is our baseline with the downside risks more than the upside risks and we maintained it in the April monthly economic report," said Nageswaran, who advises Finance Minister Nirmala Sitharaman, and is the lead author of the government's annual economic report card.

The withdrawal of 2000-rupee notes is unlikely to be disruptive for the economy, analysts have said. Unlike the 2016 demonetisation, local banks have not seen a rush to deposit notes, but consumers have chosen to spend them on mangoes to luxury watches.

However, production of oilseeds is pegged to be at a record of 40.99 million tonnes in 2022-23 owing to higher production of soybean and mustard seed, as against 37.96 million tonnes in the previous year.

The CBDT has proposed to accept valuations by a merchant banker done within 90 days of the issue of shares by a start-up.

“In terms of boosting business connections, we are focusing on two areas – information technology and healthcare,” he said.

“I don’t know whether they have shared the number with you, so I’m not mentioning it, but in our interaction last week in Mumbai, I was told it is clearly much more than 75%,” he said, adding that credit offtake from banks is also growing at a resilient 15.5%.