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IndiaTV Business: Google News Feed: Digest for February 23, 2024

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The Sensex and Nifty experienced marginal gains in early trading on Monday as investors sought firm cues amidst mixed trends in Asian markets. The 30-share Sensex edged up by 23.96 points, or 0.03 per cent to reach 72,450.60 points, with 16 constituents trading positively. Bharti Airtel and Bajaj Finance saw increases of over 1 percent.
The Indian Highways Management Company Ltd (IHMCL), the toll-collecting arm of the state-owned National Highways Authority of India (NHAI), advised highway users to obtain FASTags from 32 authorised banks instead of Paytm Payments Bank (PPBL). This recommendation followed the Reserve Bank of India's (RBI) directive for PPBL to cease accepting deposits and top-ups from customers after February 29, later extended to March 15. Subsequently, Paytm FASTags will cease to function.
The GPT Healthcare IPO has set its price band between Rs 177 to Rs 186 per equity share with a face value of Rs 10. The subscription period for the IPO is scheduled from Thursday, February 22, to Monday, February 26, while the allocation to anchor investors will take place on Wednesday, February 21.
The Reserve Bank of India (RBI) annually releases a list of bank holidays, including gazette public holidays and notable festivals. However, this list does not encompass state-wise holidays, which may vary depending on regional festivals and occasions.
Edtech giant Think and Learn, operating under the BYJU'S brand name, has secured a commitment of USD 300 million from investors for its ongoing rights issue, which is set to conclude by the end of February. Sources familiar with the matter disclosed this development.
Kalahridhaan Trendz IPO is priced at Rs 45 per share, with the subscription period running from February 15 to February 20, and a lot size of 3,000 shares. Investors can bid for a minimum of 3,000 shares and in multiples thereof in the IPO.
Amid allegations levelled by West Bengal Chief Minister Mamata Banerjee regarding the "deactivation" of Aadhaar cards of SC-STs and minorities of the state ahead of the Lok Sabha polls, Unique Identification Authority of India (UIDAI) on Monday (February 19) clarified that to keep the Aadhaar database updated, intimations are issued to Aadhaar number holders from time to time, but no number has been cancelled.
Equity market opened on a lacklustre note on Tuesday, with Sensex declining nearly 80 points tracking muted trends in Asian stocks and fading expectations of early interest rate cuts globally.

Reliance-backed AI model 'Hanooman' set to debut in March | DETAILS

Wednesday 21 February 2024 09:26 AM UTC+00
BharatGPT, a prominent consortium supported by Mukesh Ambani's Reliance Industries, is on the verge of unveiling an indigenous artificial intelligence (AI) model tailored explicitly for India. Scheduled for a grand debut in March, the ChatGPT-style AIR model promises to usher in a new era of technological advancement. Comprising Reliance Industries Limited (RIL) and eight esteemed universities, BharatGPT recently provided a sneak peek of the revolutionary AI model during an exclusive event.
The Modi government on Wednesday approved a hike in sugarcane Fair and Remunerative Price (FRP) by Rs 25 to Rs 340 per quintal for 2024-25, Union Information and Broadcasting Minister Anurag Thakur informed.
The Sensex and Nifty experienced marginal gains in early trading on Monday as investors sought firm cues amidst mixed trends in Asian markets. The 30-share Sensex edged up by 23.96 points, or 0.03 per cent to reach 72,450.60 points, with 16 constituents trading positively. Bharti Airtel and Bajaj Finance saw increases of over 1 percent.
The Indian Highways Management Company Ltd (IHMCL), the toll-collecting arm of the state-owned National Highways Authority of India (NHAI), advised highway users to obtain FASTags from 32 authorised banks instead of Paytm Payments Bank (PPBL). This recommendation followed the Reserve Bank of India's (RBI) directive for PPBL to cease accepting deposits and top-ups from customers after February 29, later extended to March 15. Subsequently, Paytm FASTags will cease to function.
The GPT Healthcare IPO has set its price band between Rs 177 to Rs 186 per equity share with a face value of Rs 10. The subscription period for the IPO is scheduled from Thursday, February 22, to Monday, February 26, while the allocation to anchor investors will take place on Wednesday, February 21.
The Reserve Bank of India (RBI) annually releases a list of bank holidays, including gazette public holidays and notable festivals. However, this list does not encompass state-wise holidays, which may vary depending on regional festivals and occasions.
Edtech giant Think and Learn, operating under the BYJU'S brand name, has secured a commitment of USD 300 million from investors for its ongoing rights issue, which is set to conclude by the end of February. Sources familiar with the matter disclosed this development.
Kalahridhaan Trendz IPO is priced at Rs 45 per share, with the subscription period running from February 15 to February 20, and a lot size of 3,000 shares. Investors can bid for a minimum of 3,000 shares and in multiples thereof in the IPO.
Amid allegations levelled by West Bengal Chief Minister Mamata Banerjee regarding the "deactivation" of Aadhaar cards of SC-STs and minorities of the state ahead of the Lok Sabha polls, Unique Identification Authority of India (UIDAI) on Monday (February 19) clarified that to keep the Aadhaar database updated, intimations are issued to Aadhaar number holders from time to time, but no number has been cancelled.
Equity market opened on a lacklustre note on Tuesday, with Sensex declining nearly 80 points tracking muted trends in Asian stocks and fading expectations of early interest rate cuts globally.

Reliance-backed AI model 'Hanooman' set to debut in March | DETAILS

Wednesday 21 February 2024 09:26 AM UTC+00
BharatGPT, a prominent consortium supported by Mukesh Ambani's Reliance Industries, is on the verge of unveiling an indigenous artificial intelligence (AI) model tailored explicitly for India. Scheduled for a grand debut in March, the ChatGPT-style AIR model promises to usher in a new era of technological advancement. Comprising Reliance Industries Limited (RIL) and eight esteemed universities, BharatGPT recently provided a sneak peek of the revolutionary AI model during an exclusive event.
The Modi government on Wednesday approved a hike in sugarcane Fair and Remunerative Price (FRP) by Rs 25 to Rs 340 per quintal for 2024-25, Union Information and Broadcasting Minister Anurag Thakur informed.
The GPT Healthcare IPO has set its price band between Rs 177 to Rs 186 per equity share with a face value of Rs 10. The subscription period for the IPO is scheduled from Thursday, February 22, to Monday, February 26, while the allocation to anchor investors will take place on Wednesday, February 21.
The Reserve Bank of India (RBI) annually releases a list of bank holidays, including gazette public holidays and notable festivals. However, this list does not encompass state-wise holidays, which may vary depending on regional festivals and occasions.
Edtech giant Think and Learn, operating under the BYJU'S brand name, has secured a commitment of USD 300 million from investors for its ongoing rights issue, which is set to conclude by the end of February. Sources familiar with the matter disclosed this development.
Kalahridhaan Trendz IPO is priced at Rs 45 per share, with the subscription period running from February 15 to February 20, and a lot size of 3,000 shares. Investors can bid for a minimum of 3,000 shares and in multiples thereof in the IPO.
Amid allegations levelled by West Bengal Chief Minister Mamata Banerjee regarding the "deactivation" of Aadhaar cards of SC-STs and minorities of the state ahead of the Lok Sabha polls, Unique Identification Authority of India (UIDAI) on Monday (February 19) clarified that to keep the Aadhaar database updated, intimations are issued to Aadhaar number holders from time to time, but no number has been cancelled.
Equity market opened on a lacklustre note on Tuesday, with Sensex declining nearly 80 points tracking muted trends in Asian stocks and fading expectations of early interest rate cuts globally.

Reliance-backed AI model 'Hanooman' set to debut in March | DETAILS

Wednesday 21 February 2024 09:26 AM UTC+00
BharatGPT, a prominent consortium supported by Mukesh Ambani's Reliance Industries, is on the verge of unveiling an indigenous artificial intelligence (AI) model tailored explicitly for India. Scheduled for a grand debut in March, the ChatGPT-style AIR model promises to usher in a new era of technological advancement. Comprising Reliance Industries Limited (RIL) and eight esteemed universities, BharatGPT recently provided a sneak peek of the revolutionary AI model during an exclusive event.
The Modi government on Wednesday approved a hike in sugarcane Fair and Remunerative Price (FRP) by Rs 25 to Rs 340 per quintal for 2024-25, Union Information and Broadcasting Minister Anurag Thakur informed.
State Bank of India (SBI), the nation's largest lender by assets, has once again ascended the market capitalisation ladder, surpassing software giant Infosys. SBI's stock has surged by 20.5% in February, marking its best monthly return in three years. The last time such gains were witnessed was in February 2021, when it soared by 38.3%. Last week, the state-owned lender reclaimed the title of the most valuable PSU, overtaking LIC in market valuation, following a 10% dip in LIC's share price.
The Enforcement Directorate (ED) issued a look-out circular against Byju Raveendran, the founder and CEO of the crisis-hit edtech company Byju's over the Foreign Exchange Management Act (FEMA) violations. The lookout imposes travelling restrictions on Ravindran. Now, he cannot leave the country. 
Edtech giant Think and Learn, operating under the BYJU'S brand name, has secured a commitment of USD 300 million from investors for its ongoing rights issue, which is set to conclude by the end of February. Sources familiar with the matter disclosed this development.
Kalahridhaan Trendz IPO is priced at Rs 45 per share, with the subscription period running from February 15 to February 20, and a lot size of 3,000 shares. Investors can bid for a minimum of 3,000 shares and in multiples thereof in the IPO.
Amid allegations levelled by West Bengal Chief Minister Mamata Banerjee regarding the "deactivation" of Aadhaar cards of SC-STs and minorities of the state ahead of the Lok Sabha polls, Unique Identification Authority of India (UIDAI) on Monday (February 19) clarified that to keep the Aadhaar database updated, intimations are issued to Aadhaar number holders from time to time, but no number has been cancelled.
Equity market opened on a lacklustre note on Tuesday, with Sensex declining nearly 80 points tracking muted trends in Asian stocks and fading expectations of early interest rate cuts globally.

Reliance-backed AI model 'Hanooman' set to debut in March | DETAILS

Wednesday 21 February 2024 09:26 AM UTC+00
BharatGPT, a prominent consortium supported by Mukesh Ambani's Reliance Industries, is on the verge of unveiling an indigenous artificial intelligence (AI) model tailored explicitly for India. Scheduled for a grand debut in March, the ChatGPT-style AIR model promises to usher in a new era of technological advancement. Comprising Reliance Industries Limited (RIL) and eight esteemed universities, BharatGPT recently provided a sneak peek of the revolutionary AI model during an exclusive event.
The Modi government on Wednesday approved a hike in sugarcane Fair and Remunerative Price (FRP) by Rs 25 to Rs 340 per quintal for 2024-25, Union Information and Broadcasting Minister Anurag Thakur informed.
State Bank of India (SBI), the nation's largest lender by assets, has once again ascended the market capitalisation ladder, surpassing software giant Infosys. SBI's stock has surged by 20.5% in February, marking its best monthly return in three years. The last time such gains were witnessed was in February 2021, when it soared by 38.3%. Last week, the state-owned lender reclaimed the title of the most valuable PSU, overtaking LIC in market valuation, following a 10% dip in LIC's share price.
The Enforcement Directorate (ED) issued a look-out circular against Byju Raveendran, the founder and CEO of the crisis-hit edtech company Byju's over the Foreign Exchange Management Act (FEMA) violations. The lookout imposes travelling restrictions on Ravindran. Now, he cannot leave the country. 
In a bullish projection, global brokerage Jefferies anticipated India to claim the position of the third-largest economy by 2027, propelled by robust GDP growth, conducive geopolitics, and ongoing reforms. Over the past decade, India's GDP has surged at a compound annual growth rate (CAGR) of 7% in USD terms, reaching $3.6 trillion and ascending from the 8th to the 5th largest economy globally. Forecasts suggested India's GDP may breach the $5 trillion mark in the next four years, positioning it ahead of Japan and Germany to secure the third spot by 2027. The country's demographics, institutional strength, and governance improvements are cited as key drivers of this growth.
In a significant move aimed at bolstering its position in the global space market, India has announced the easing of approval processes for foreign direct investment (FDI) in its space sector. The government revealed that 100% FDI will now be permitted in the manufacture of satellite systems without requiring official approval. Additionally, regulations governing launch vehicles have been relaxed, marking a pivotal step towards securing a larger share of the lucrative global space market.
Kalahridhaan Trendz IPO is priced at Rs 45 per share, with the subscription period running from February 15 to February 20, and a lot size of 3,000 shares. Investors can bid for a minimum of 3,000 shares and in multiples thereof in the IPO.
Amid allegations levelled by West Bengal Chief Minister Mamata Banerjee regarding the "deactivation" of Aadhaar cards of SC-STs and minorities of the state ahead of the Lok Sabha polls, Unique Identification Authority of India (UIDAI) on Monday (February 19) clarified that to keep the Aadhaar database updated, intimations are issued to Aadhaar number holders from time to time, but no number has been cancelled.
Equity market opened on a lacklustre note on Tuesday, with Sensex declining nearly 80 points tracking muted trends in Asian stocks and fading expectations of early interest rate cuts globally.

Reliance-backed AI model 'Hanooman' set to debut in March | DETAILS

Wednesday 21 February 2024 09:26 AM UTC+00
BharatGPT, a prominent consortium supported by Mukesh Ambani's Reliance Industries, is on the verge of unveiling an indigenous artificial intelligence (AI) model tailored explicitly for India. Scheduled for a grand debut in March, the ChatGPT-style AIR model promises to usher in a new era of technological advancement. Comprising Reliance Industries Limited (RIL) and eight esteemed universities, BharatGPT recently provided a sneak peek of the revolutionary AI model during an exclusive event.
The Modi government on Wednesday approved a hike in sugarcane Fair and Remunerative Price (FRP) by Rs 25 to Rs 340 per quintal for 2024-25, Union Information and Broadcasting Minister Anurag Thakur informed.
State Bank of India (SBI), the nation's largest lender by assets, has once again ascended the market capitalisation ladder, surpassing software giant Infosys. SBI's stock has surged by 20.5% in February, marking its best monthly return in three years. The last time such gains were witnessed was in February 2021, when it soared by 38.3%. Last week, the state-owned lender reclaimed the title of the most valuable PSU, overtaking LIC in market valuation, following a 10% dip in LIC's share price.
The Enforcement Directorate (ED) issued a look-out circular against Byju Raveendran, the founder and CEO of the crisis-hit edtech company Byju's over the Foreign Exchange Management Act (FEMA) violations. The lookout imposes travelling restrictions on Ravindran. Now, he cannot leave the country. 
In a bullish projection, global brokerage Jefferies anticipated India to claim the position of the third-largest economy by 2027, propelled by robust GDP growth, conducive geopolitics, and ongoing reforms. Over the past decade, India's GDP has surged at a compound annual growth rate (CAGR) of 7% in USD terms, reaching $3.6 trillion and ascending from the 8th to the 5th largest economy globally. Forecasts suggested India's GDP may breach the $5 trillion mark in the next four years, positioning it ahead of Japan and Germany to secure the third spot by 2027. The country's demographics, institutional strength, and governance improvements are cited as key drivers of this growth.
In a significant move aimed at bolstering its position in the global space market, India has announced the easing of approval processes for foreign direct investment (FDI) in its space sector. The government revealed that 100% FDI will now be permitted in the manufacture of satellite systems without requiring official approval. Additionally, regulations governing launch vehicles have been relaxed, marking a pivotal step towards securing a larger share of the lucrative global space market.
Closing market update: Equity benchmark indices rebounded today (February 22), with Nifty hitting its fresh all-time high and Sensex surging more than 500 points as investors went on a buying spree in IT, automobile and technology stocks.
Amid allegations levelled by West Bengal Chief Minister Mamata Banerjee regarding the "deactivation" of Aadhaar cards of SC-STs and minorities of the state ahead of the Lok Sabha polls, Unique Identification Authority of India (UIDAI) on Monday (February 19) clarified that to keep the Aadhaar database updated, intimations are issued to Aadhaar number holders from time to time, but no number has been cancelled.
Equity market opened on a lacklustre note on Tuesday, with Sensex declining nearly 80 points tracking muted trends in Asian stocks and fading expectations of early interest rate cuts globally.

Reliance-backed AI model 'Hanooman' set to debut in March | DETAILS

Wednesday 21 February 2024 09:26 AM UTC+00
BharatGPT, a prominent consortium supported by Mukesh Ambani's Reliance Industries, is on the verge of unveiling an indigenous artificial intelligence (AI) model tailored explicitly for India. Scheduled for a grand debut in March, the ChatGPT-style AIR model promises to usher in a new era of technological advancement. Comprising Reliance Industries Limited (RIL) and eight esteemed universities, BharatGPT recently provided a sneak peek of the revolutionary AI model during an exclusive event.
The Modi government on Wednesday approved a hike in sugarcane Fair and Remunerative Price (FRP) by Rs 25 to Rs 340 per quintal for 2024-25, Union Information and Broadcasting Minister Anurag Thakur informed.
State Bank of India (SBI), the nation's largest lender by assets, has once again ascended the market capitalisation ladder, surpassing software giant Infosys. SBI's stock has surged by 20.5% in February, marking its best monthly return in three years. The last time such gains were witnessed was in February 2021, when it soared by 38.3%. Last week, the state-owned lender reclaimed the title of the most valuable PSU, overtaking LIC in market valuation, following a 10% dip in LIC's share price.
The Enforcement Directorate (ED) issued a look-out circular against Byju Raveendran, the founder and CEO of the crisis-hit edtech company Byju's over the Foreign Exchange Management Act (FEMA) violations. The lookout imposes travelling restrictions on Ravindran. Now, he cannot leave the country. 
In a bullish projection, global brokerage Jefferies anticipated India to claim the position of the third-largest economy by 2027, propelled by robust GDP growth, conducive geopolitics, and ongoing reforms. Over the past decade, India's GDP has surged at a compound annual growth rate (CAGR) of 7% in USD terms, reaching $3.6 trillion and ascending from the 8th to the 5th largest economy globally. Forecasts suggested India's GDP may breach the $5 trillion mark in the next four years, positioning it ahead of Japan and Germany to secure the third spot by 2027. The country's demographics, institutional strength, and governance improvements are cited as key drivers of this growth.
In a significant move aimed at bolstering its position in the global space market, India has announced the easing of approval processes for foreign direct investment (FDI) in its space sector. The government revealed that 100% FDI will now be permitted in the manufacture of satellite systems without requiring official approval. Additionally, regulations governing launch vehicles have been relaxed, marking a pivotal step towards securing a larger share of the lucrative global space market.
Closing market update: Equity benchmark indices rebounded today (February 22), with Nifty hitting its fresh all-time high and Sensex surging more than 500 points as investors went on a buying spree in IT, automobile and technology stocks.
Anant Ambani-Radhika Merchant wedding: Anant Ambani, the youngest son of billionaire Mukesh Ambani, will soon marry Radhika Merchant, daughter of industrialist Viren Merchant, on July 12 (Friday). The couple is all set to tie the knot in Mumbai. 
Amid allegations levelled by West Bengal Chief Minister Mamata Banerjee regarding the "deactivation" of Aadhaar cards of SC-STs and minorities of the state ahead of the Lok Sabha polls, Unique Identification Authority of India (UIDAI) on Monday (February 19) clarified that to keep the Aadhaar database updated, intimations are issued to Aadhaar number holders from time to time, but no number has been cancelled.
Equity market opened on a lacklustre note on Tuesday, with Sensex declining nearly 80 points tracking muted trends in Asian stocks and fading expectations of early interest rate cuts globally.

Reliance-backed AI model 'Hanooman' set to debut in March | DETAILS

Wednesday 21 February 2024 09:26 AM UTC+00
BharatGPT, a prominent consortium supported by Mukesh Ambani's Reliance Industries, is on the verge of unveiling an indigenous artificial intelligence (AI) model tailored explicitly for India. Scheduled for a grand debut in March, the ChatGPT-style AIR model promises to usher in a new era of technological advancement. Comprising Reliance Industries Limited (RIL) and eight esteemed universities, BharatGPT recently provided a sneak peek of the revolutionary AI model during an exclusive event.
The Modi government on Wednesday approved a hike in sugarcane Fair and Remunerative Price (FRP) by Rs 25 to Rs 340 per quintal for 2024-25, Union Information and Broadcasting Minister Anurag Thakur informed.
State Bank of India (SBI), the nation's largest lender by assets, has once again ascended the market capitalisation ladder, surpassing software giant Infosys. SBI's stock has surged by 20.5% in February, marking its best monthly return in three years. The last time such gains were witnessed was in February 2021, when it soared by 38.3%. Last week, the state-owned lender reclaimed the title of the most valuable PSU, overtaking LIC in market valuation, following a 10% dip in LIC's share price.
The Enforcement Directorate (ED) issued a look-out circular against Byju Raveendran, the founder and CEO of the crisis-hit edtech company Byju's over the Foreign Exchange Management Act (FEMA) violations. The lookout imposes travelling restrictions on Ravindran. Now, he cannot leave the country. 
In a bullish projection, global brokerage Jefferies anticipated India to claim the position of the third-largest economy by 2027, propelled by robust GDP growth, conducive geopolitics, and ongoing reforms. Over the past decade, India's GDP has surged at a compound annual growth rate (CAGR) of 7% in USD terms, reaching $3.6 trillion and ascending from the 8th to the 5th largest economy globally. Forecasts suggested India's GDP may breach the $5 trillion mark in the next four years, positioning it ahead of Japan and Germany to secure the third spot by 2027. The country's demographics, institutional strength, and governance improvements are cited as key drivers of this growth.
In a significant move aimed at bolstering its position in the global space market, India has announced the easing of approval processes for foreign direct investment (FDI) in its space sector. The government revealed that 100% FDI will now be permitted in the manufacture of satellite systems without requiring official approval. Additionally, regulations governing launch vehicles have been relaxed, marking a pivotal step towards securing a larger share of the lucrative global space market.
Closing market update: Equity benchmark indices rebounded today (February 22), with Nifty hitting its fresh all-time high and Sensex surging more than 500 points as investors went on a buying spree in IT, automobile and technology stocks.
Anant Ambani-Radhika Merchant wedding: Anant Ambani, the youngest son of billionaire Mukesh Ambani, will soon marry Radhika Merchant, daughter of industrialist Viren Merchant, on July 12 (Friday). The couple is all set to tie the knot in Mumbai. 
Amid allegations levelled by West Bengal Chief Minister Mamata Banerjee regarding the "deactivation" of Aadhaar cards of SC-STs and minorities of the state ahead of the Lok Sabha polls, Unique Identification Authority of India (UIDAI) on Monday (February 19) clarified that to keep the Aadhaar database updated, intimations are issued to Aadhaar number holders from time to time, but no number has been cancelled.
Equity market opened on a lacklustre note on Tuesday, with Sensex declining nearly 80 points tracking muted trends in Asian stocks and fading expectations of early interest rate cuts globally.

Reliance-backed AI model 'Hanooman' set to debut in March | DETAILS

Wednesday 21 February 2024 09:26 AM UTC+00
BharatGPT, a prominent consortium supported by Mukesh Ambani's Reliance Industries, is on the verge of unveiling an indigenous artificial intelligence (AI) model tailored explicitly for India. Scheduled for a grand debut in March, the ChatGPT-style AIR model promises to usher in a new era of technological advancement. Comprising Reliance Industries Limited (RIL) and eight esteemed universities, BharatGPT recently provided a sneak peek of the revolutionary AI model during an exclusive event.
The Modi government on Wednesday approved a hike in sugarcane Fair and Remunerative Price (FRP) by Rs 25 to Rs 340 per quintal for 2024-25, Union Information and Broadcasting Minister Anurag Thakur informed.
State Bank of India (SBI), the nation's largest lender by assets, has once again ascended the market capitalisation ladder, surpassing software giant Infosys. SBI's stock has surged by 20.5% in February, marking its best monthly return in three years. The last time such gains were witnessed was in February 2021, when it soared by 38.3%. Last week, the state-owned lender reclaimed the title of the most valuable PSU, overtaking LIC in market valuation, following a 10% dip in LIC's share price.
The Enforcement Directorate (ED) issued a look-out circular against Byju Raveendran, the founder and CEO of the crisis-hit edtech company Byju's over the Foreign Exchange Management Act (FEMA) violations. The lookout imposes travelling restrictions on Ravindran. Now, he cannot leave the country. 
In a bullish projection, global brokerage Jefferies anticipated India to claim the position of the third-largest economy by 2027, propelled by robust GDP growth, conducive geopolitics, and ongoing reforms. Over the past decade, India's GDP has surged at a compound annual growth rate (CAGR) of 7% in USD terms, reaching $3.6 trillion and ascending from the 8th to the 5th largest economy globally. Forecasts suggested India's GDP may breach the $5 trillion mark in the next four years, positioning it ahead of Japan and Germany to secure the third spot by 2027. The country's demographics, institutional strength, and governance improvements are cited as key drivers of this growth.
In a significant move aimed at bolstering its position in the global space market, India has announced the easing of approval processes for foreign direct investment (FDI) in its space sector. The government revealed that 100% FDI will now be permitted in the manufacture of satellite systems without requiring official approval. Additionally, regulations governing launch vehicles have been relaxed, marking a pivotal step towards securing a larger share of the lucrative global space market.
Closing market update: Equity benchmark indices rebounded today (February 22), with Nifty hitting its fresh all-time high and Sensex surging more than 500 points as investors went on a buying spree in IT, automobile and technology stocks.
Anant Ambani-Radhika Merchant wedding: Anant Ambani, the youngest son of billionaire Mukesh Ambani, will soon marry Radhika Merchant, daughter of industrialist Viren Merchant, on July 12 (Friday). The couple is all set to tie the knot in Mumbai. 
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