According to International Monetary Fund (IMF) estimates, India should move into fourth place by 2025 and third by 2027 with an economy size of $5.4 trillion

China economy

Business Standard

US retail giant Walmart has increased its stake in Indian e-commerce subsidiary Flipkart as it paid USD 3.5 billion (around Rs 28,953 crore) to acquire shares from its non-controlling interest holders in six months to July 31, 2023.
Additionally, during the six months ended July 31, 2023, the company received USD 700 million related to new rounds of equity funding for the company's majority-owned PhonePe subsidiary, said the Bentonville-based retailer in a US Securities & Exchange Commission (US SEC) filing.
"During the six months ended July 31, 2023, the company paid USD 3.5 billion to acquire shares from certain Flipkart noncontrolling interest holders and settle the liability to former noncontrolling interest holders of PhonePe," said Walmart filing.
After this, Walmart's total holding in the Indian e-commerce player Flipkart would increase to 80.5 per cent, some reports said.
Walmart has bought a stake from hedge fund Tiger Global and Accel Partners. Besides, the US retail ...

Walmart

Press Trust of India

Stocks to watch on September 4, 2023: The government has invited bids to appoint an asset valuer for its stake sale in IDBI Bank

market, stocks, stock market trading, stock market

In Q1 FY24, B2B disbursements were up 37 per cent at Rs 22,625 crore as against Rs 16,502 crore in Q1 FY23. Its AUM stood at Rs 2,70,097 crore at the end of June 2023

Bajaj Finance

Tata Steel is in advanced talks with the UK government to agree around GBP 500 million in state-backed funding to secure the future of its Port Talbot plant in South Wales, according to UK media reports this weekend.
The Indian steel major has been in long-drawn discussions related to the critical green transition of the UK's largest steelworks, involving thousands of jobs in the country's steel industry.
According to a Sky News' report on Saturday, both sides are now close to agreeing a deal that would commit millions to the future of the Port Talbot steelworks.
"Tata Steel is continuing to discuss with the UK government a framework for continuity and decarbonisation of steel making in the UK amidst very challenging underlying business conditions given that several of its heavy end assets are approaching end of life, a Tata Steel spokesperson told PTI, when asked about the development.
"Given the financially constrained position of our UK business, any significant change is only .

Tata Steel

Maruti Suzuki (up 4% at Rs 10,390) and M&M (up 2% at Rs 1,604.55) hit their respective new highs, and rallied up to 9% in the past five days as compared to a less than 1% rise in the S&P BSE Sensex.

Stock market

The Appointments Committee of the Cabinet has okayed the appointment of Umang Narula as secretary in the Ministry of Parliamentary Affairs

Parliament

Motorola is launching its mid-range segment smartphone Moto G84 5G under Rs 20,000 today. The smartphone comes in three colour variants, such as Marshmallow Blue, Midnight Blue, and Viva Magenta

Moto G84 5G

BS Rich Content

Morgan Stanley Research's report said the GDP growth for the quarter ended June came higher than its expectations

Moody's

Opposition alliance INDIA passed a resolution on Friday in Mumbai, where the parties resolved to contest the forthcoming Lok Sabha elections in 2024 together as far as possible

INDIA alliance

Empowering-Change

Aditya-L1, PSLV

President Droupadi Murmu on Monday unveiled a 12-foot statue of Mahatma Gandhi at Rajghat here.
She also inaugurated a Gandhi Vatika where statues of Mahatma Gandhi in different poses have been installed.
At the event, the president said Mahatma Gandhi is an invaluable gift for the world community and his values and ideals gave a new direction to the world.
"From South Africa's former president Nelson Mandela to Civil Rights activist Martin Luther King Jr. to US' former president Barack Obama accepted that Mahatma Gandhi's path of non-violence is the path of global development, she said addressing a gathering.
Murmu said that Mahatma Gandhi's statues at Gandhi Vatika will inspire the visitors, especially the children.
Delhi Lt Governor VK Saxena and Gandhi Darshan vice-chairman Vijay Goel were present at the programme.

President Murmu, statue of Mahatma Gandhi, Rajghat, G20 Summit

IMD warns of intense rains in various states from September 3rd, including Odisha, Andaman and Nicobar Islands, Andhra Pradesh, and Telangana

Weather forecast today (Sept 4)

BRO will soon complete the longest twin tunnel in the world above 13000 ft which aims to aid faster deployments of weapons and soldiers in forward Tawang areas

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Empowering Change: The Role of Financial Education in Reaching Net Zero

Four Kerala PSUs part of India's first solar exploration mission Aditya-L1

President Murmu unveils 12-foot statue of Mahatma Gandhi at Rajghat

Weather forecast today (Sept 4): Alert for rainfall across multiple states

BRO to complete world's longest tunnel above 13000 ft in Arunachal Pradesh

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India's economy 16.5 years behind China's, says Bernstein research report

Walmart increases stake in Flipkart, pays $3.5 bn to acquire further shares

Stocks to Watch: IDBI Bank, Paytm, Hero Moto, Eicher, BEL, ICICI Bank, RVNL

Bajaj Finance's B2B segment to add 1,000 cities in the next three years

Tata Steel in advanced talks to secure funds for UK plant: Reports