HDFC Bank deposits see 15% growth in Q2

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Bajra farmers in eight districts suffer Rs 300/quintal loss due to low prices

Farmers in Rajasthan are displeased as bajra is sold below the minimum support price (MSP) at government mandis. Selling at Rs 2,200-2,400 per quintal instead of the MSP of Rs 2,625, farmers face significant losses. Excessive rainfall has worsened the situation, leading to further price discrepancies.

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Mobiles, smart appliances top festive e-shopping list

Shoppers favored mobile phones and electronics in the initial week of online festive sales, with platforms like Amazon and Flipkart achieving over Rs 54,500 crore in sales, a 26% increase year-on-year. High-end smartphones, including iPhone 15 and Samsung's Galaxy S23 FE, were popular. Premium consumer durables also saw significant demand, especially via EMI purchases in smaller cities.

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We are ready with blue investments for sustainable marine economy: IFC chief

Makhtar Diop, managing director of IFC, plans to expand India's focus to include blue bonds for water and support municipalities in raising funds. He highlights the strong growth in India's IFC portfolio and aims to continue annual investments of $4-5 billion while addressing job creation, energy transition, and financial sector improvements.

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'Principal auditor is responsible for a/cs'

NFRA clarified that principal auditors are accountable for consolidated financial statements in group audits, highlighting past failures involving IL&FS and Reliance Capital. Emphasizing mandatory adherence to auditing standards, NFRA dismissed claims that standard provisions were optional and confirmed auditors' rights to review subsidiary records.

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Anil Ambani company lines up power projects in Bhutan

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Panel considers lower GST on several mass-use items

A GST panel is considering reducing rates for items like medicines and tractors to 5%, while keeping cement rates stable and potentially increasing GST on high-end EVs. Health and term insurance may also see reduced GST rates to 12% and 5%, respectively.

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CCI clears Mankind Pharma's Rs 13,630 crore deal

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Indian-origin Ravi Ahuja named Sony Pics CEO

Ravi Ahuja will succeed Tony Vinciquerra as the CEO of Sony Pictures Entertainment on January 2, 2025. Serving as the current COO, Ahuja has significantly contributed to the company since 2021 and previously led key mergers and acquisitions in the media industry.

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Boeing weighs raising at least $10 billion selling stock

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