A day before Budget 2024, Union Finance Minister Nirmala Sitharaman tables the Economic Survey in Lok Sabha. The Economic Survey is prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance.

What is the Economic Survey of India?

Mining conglomerate Vedanta Limited raised Rs 8,500 crore (over USD 1 billion) through Qualified Institutions Placement (QIP) of 19.31 crore equity shares at an issue price of Rs 440 per share, according to a stock exchange filing by the company.

The issue, which closed on July 19, implied a discount of 4.61 per cent to the floor price of Rs 461.26 per equity share.

The Haryana government on Sunday beefed up security and ordered suspension of mobile internet and the bulk SMS services in Nuh district for 24 hours ahead of the Braj Mandal Jalabhishek Yatra that was marred by violence last year.

Two home guards were killed and at least 15 others, including several policemen, injured on July 31 last year as a mob in Nuh tried to stop a Vishva Hindu Parishad procession, pelting stones and setting cars on fire.

The Lieutenant Governor's Office wrote to Chief Secretary Naresh Kumar on Saturday expressing concern over the reported non-consumption of the prescribed diet by Delhi CM Arvind Kejriwal in jail.

Citing a report from the prison Superintendent, the letter reads, The report brings out the fact that there are several instances of willful low-calorie intake by the Chief Minister, despite sufficient home-cooked food being provided to him.

Country’s largest private sector lender HDFC Bank on Saturday reported a 35 per cent year-on-year (Y-o-Y) growth in net profit at Rs 16,175 crore for the quarter ended June 2024 (Q1FY25), aided by healthy net interest income (NII) and lower provisions. Analysts at Bloomberg had estimated that the bank may post a net profit of Rs 15,652 crore.

However, sequentially net profit of the lender was down 2 per cent from Rs 16,511.85 crore in Q4FY24 due to lower income growth and higher tax expenses.

The newly elected BJP government has renamed Biju Patnaik Sports Award as Odisha Rajya Krida Samman'.

Odisha Sports and Youth Services Department on Friday issued guidelines for the Rajya Krida Samman' which will be awarded in eight categories annually, subject to availability of suitable candidates. The cash rewards remain unchanged.

ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), has acquired Norwegian firm Equinor's stake in an Azerbaijan oilfield and an associated pipeline for $60 million, the firm said in a statement.

OVL "has signed a definitive sale purchase agreement (SPA) for directly acquiring 0.615 per cent participating interest (PI) in offshore Azeri Chirag Gunashli (ACG) oil field in Azerbaijan from Equinor.

In India, 1.19 million excess deaths occurred in 2020 during the Covid-19 pandemic, 17 per cent higher compared to 2019, an international study has found.

The estimate is about eight times higher than the official Covid-19 deaths in India, and 1.5 times the World Health Organization's estimates, researchers, including those from the University of Oxford, UK, said.

Private sector lender YES Bank’s net profit rose by 46.7 per cent to Rs 502 crore during first quarter of FY25 (Q1 FY25) from Rs 343 crore in the previous corresponding period, owing to healthy increase in net interest income and sharp fall in provisions.

Sequentially, the Mumbai-based lender’s profit rose by 11.2 per cent from Rs 452 crore in the last quarter of FY24.

Shares of Tata Teleservices (Maharashtra) (TTML) hit a 20-month high at Rs 111.48, surging 14 per cent on the BSE in Friday’s intra-day trade amid heavy volumes. The stock of the Tata group telecom - cellular & fixed line services provider was quoting at its highest level since October 2022. In the past two days, the stock has rallied 37 per cent, while in the past five trading sessions, it has zoomed 50 per cent from a level of Rs 74.97 on July 11.

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