The Odisha government is set to unlock the 'Ratna Bhandar', the revered treasury of Lord Jagannath temple in Puri, on Sunday after 46 years for an inventory of the ornaments and other valuables, officials said.

The treasury was last opened in 1978.

The Archaeological Survey of India (ASI), which looks after the maintenance of the 12th century shrine, will use the opportunity to carry out repairs, they added.

The government has denied extension to BSNL Chairman and Managing Director P K Purwar and is likely to give the charge to a senior department of telecom officer Robert J Ravi, official sources said.

Purwar, who took charge as BSNL CMD in July 2019 for five years, had applied for an extension.

HCLTech, India’s third-largest information-technology services company, has maintained its FY25 revenue growth guidance in the range of 3-5 per cent.

Noida-headquartered HCLTech’s net profits for the first quarter of FY25 came in at Rs 4,257 crore.

Profits were up 20.4 per cent year-on-year (Y-o-Y), and grew 6.8 per cent sequentially.

It is conceivable that India can become the world’s second-largest economy by 2031 and the largest economy by 2060, given the country’s inherent strengths, said Reserve Bank of India (RBI) Deputy Governor Michael Debabrata Patra.

Speaking at the Lal Bahadur Shastri National Academy of Administration, Mussoorie on Tuesday, he said that price stability was the best contribution monetary policy could make to strengthen the foundations for long-term growth.

Adani Group's Vizhinjam International Seaport is all set to see a total investment to the tune of Rs 20,000 crore by 2028 and work on the remaining phases of the port is expected to start by October this year, said Karan Adani, managing director of Adani Ports and SEZ (APSEZ) addressing the trial run inauguration of the port on Friday.

This is India's first transshipment hub and first deepwater container terminal and according to a Bloomberg report, APSEZ itself will be investing around Rs 10,000 crore in the project.

A court here on Friday extended till July 25 the judicial custody of Delhi Chief Minister Arvind Kejriwal in the corruption case linked to the alleged excise policy scam being probed by the CBI.

Kejriwal was produced through video conferencing before Special Judge Kaveri Baweja.

He appeared in connection with the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) cases on the expiry of his judicial custody.

Shares of RailTel Corporation of India (RailTel) hit a new high of Rs 611.10, surging 18 per cent on the BSE in Friday’s intra-day trade amid heavy volumes.

In the past one month, the stock of telecom service provider for Indian Railways has rallied 47 per cent after winning multiple orders worth Rs 161 crore. In the past one year, the stock price of RailTel has zoomed 342 per cent, as compared to 23 per cent rise in the BSE Sensex.

In a relief to Congress leader Rahul Gandhi, the Bombay High Court on Friday quashed a magistrate's order permitting an RSS worker to submit fresh and additional documents in a pending criminal defamation complaint.

RSS worker Rajesh Kunte had in 2014 lodged a defamation complaint before the Bhiwandi magistrate's court, claiming the Congress leader had made false and defamatory statements during a speech that the right-wing outfit was responsible for the assassination of Mahatma Gandhi.

India’s largest IT services company Tata Consultancy Services (TCS) marginally beat Bloomberg estimates for its first-quarter (Q1) of 2024-25 performance, but macroeconomic uncertainties continued to weigh on the management’s demand outlook.

For Q1, TCS net profit grew 8.7 per cent year-on-year (Y-o-Y) to Rs 12,040 crore, but fell 3.1 per cent sequentially.

Goods and services tax (GST) will be applied to 1 per cent of corporate guarantee fees on an annual basis and become applicable from October 23, 2023, the government has said.

This will give relief to companies.

The Central Board of Indirect Taxes and Customs (CBIC) has notified the rules following the decision on corporate guarantees in the GST Council meeting on June 22.

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