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Monthly Archives: April 2024

LIC Increases Equity Stake in Hindustan Unilever by Over 5%

LIC Increases Equity Stake in Hindustan Unilever by Over 5%

In a recent move, Life Insurance Corporation of India (LIC) announced that its stake in FMCG major Hindustan Unilever Limited (HUL) has surpassed 5%. The Corporation augmented its shareholding in HUL from 4.99% to 5.01% of the company’s paid-up capital by acquiring additional shares from the open market. This increase amounted to a purchase of …

April, 2024 - - Part 28_4.1

Sunrisers Hyderabad Shatter IPL Record with Mammoth 287-Run Total Against RCB

Sunrisers Hyderabad (SRH) took the Indian Premier League (IPL) 2024 by storm, crushing their opponents Royal Challengers Bangalore (RCB) with a record-breaking total of 287 runs for the loss of just 3 wickets. Pat Cummins-led team had scored 277 for 3 in its second match of the ongoing edition against Mumbai Indians at the Rajiv …

IMGC and Bank of India Partner to Offer Mortgage Guarantee-Backed Home Loans

IMGC and Bank of India Partner to Offer Mortgage Guarantee-Backed Home Loans

India Mortgage Guarantee Corporation (IMGC) has entered into a strategic partnership with Bank of India (BOI) to introduce mortgage guarantee-backed home loan products. This collaboration targets salaried and self-employed individuals in the affordable housing sector, aiming to enhance accessibility to homeownership. Collaboration Details IMGC’s guarantee expertise coupled with BOI’s extensive network of over 5,100 branches …

India's Trade Deficit Narrows to 11-Month Low

India’s Trade Deficit Narrows to 11-Month Low

India’s merchandise trade deficit reached a low of $15.60 billion annually in March, marking a significant reduction in the yearly deficit to $240.2 billion in FY24. This decline comes as India strategically curtails its overseas purchases. Economists had initially estimated March’s deficit to be $18.55 billion, making this reduction even more noteworthy. Key Figures Merchandise …

Indian Export Performance in 2023-24 under Minister Piyush Goyal

India’s Trade Performance in March 2024: A Comprehensive Analysis

In March 2024, India’s goods exports surged to a 12-month high at $41.68 billion, marking a significant achievement despite a slight decrease of 0.67% compared to the previous year. Notably, the goods trade deficit narrowed to $15.6 billion, the lowest in 11 months. This boost was largely propelled by a substantial decline in gold imports …

April, 2024 - - Part 28_10.1

Stefanos Tsitsipas Triumphs at the Monte Carlo Masters for the Third Time in Four Years

Stefanos Tsitsipas of Greece swept aside his opponent, Casper Ruud of Norway, with a convincing 6-1, 6-4 victory to win the prestigious clay-court Monte Carlo Masters for the third time in four years. The emotional triumph was marked by Tsitsipas’ tears of joy as he sat in his chair, reflecting on his hard-fought journey to …

India’s Wholesale Prices Accelerate to 15-Month High of 2.61% in May

India Wholesale Price Index (WPI) Report: March 2024

March 2024 witnessed a positive inflation rate of 0.53% in India’s Wholesale Price Index (WPI) compared to March 2023. This inflation was primarily attributed to increased prices in food articles, electricity, crude petroleum & natural gas, machinery & equipment, and other manufacturing sectors. Month-over-Month Change in Major Groups of WPI 1. Primary Articles (Weight 22.62%) …