Bharat Express

Business news

The report highlights the unprecedented growth witnessed in India's economy during the third quarter of FY24, defying all estimates and expectations.

At the interbank foreign exchange, the rupee opened at 83 against the dollar and touched an intraday high of 82.98 and a low of 83.08.

The IMF report reflects that India remains the fastest-growing country among emerging economies.

The interim union budget will be presented by Union Finance Minister Nirmala Sitharaman on upcoming Thursday.

The average tariff of the company was Rs 4.57 per unit during April-December this fiscal compared to Rs 4.96 per unit a year ago.

Among the Sensex firms, Sun Pharma, Axis Bank, Kotak Mahindra Bank etc. were the major gainers.

"Once we sign the implementation plan, we will move into the implementation phase," Shrestha said.

Bofa Securities Europe SA also disposed of shares in TVS Motor Company, Dabur India, and Page Industries. The shares were sold in the price range of Rs 36,398-238.75 apiece.

The improvement in inflation expectations is particularly marked for Europe and the US.

The basic import duty on refined soyabean oil and sunflower oil was cut to 12.5 per cent from 17.5 percent, in June last year.