The government's earnings from dividends paid by non-financial central public sector enterprises (CPSEs) and entities in which it holds minority stakes have reached an all-time high of Rs 61,149 crore, according to a report by the Economic Times (ET), based on finance ministry data. This figure represents a remarkable 22 per cent increase over the revised estimate for the financial year 2023-24, with almost two weeks remaining in the current financial year.

The Department of Investment and Public Asset Management (Dipam) has recorded total receipts of Rs 75,886 crore, comprising both disinvestment proceeds and dividend collections.

National Cooperative Export Ltd (NCEL), the government's export agency, has announced plans to purchase 1,650 tonnes of onions from private traders at Rs 29/kg for export to Bangladesh, according to a report by The Economic Times (ET). This move marks the first official export of onions from India in over three months, following the government's ban on exports from December 8 to March 31.

In the first week of March, the Centre permitted the export of 64,400 tonnes of onions to countries that had made formal requests through diplomatic channels.

Adani group plans to invest more than Rs 1.2 trllion (about $14 billion) across its portfolio companies that range from ports to energy, airports, commodities, cement and media in fiscal year starting April 1, as it doubles down on its $100 billion investment guidance over the next 7-10 years to grow businesses, sources said.

The projected capital expenditure or capex for 2024-25 (April 2024 to March 2025) fiscal is 40 per cent higher than what the portfolio is estimated to have incurred in FY24.

The Reserve Bank of India (RBI) on Thursday conducted an overnight variable rate reverse repo (VRRR) auction as banking system liquidity improved owing to government spending.

The weighted average money market rate fell to 6.32 per cent, dealers said.

Banks parked Rs 39,670 crore against a notified amount of Rs 50,000 crore at a weighted average rate of 6.48 per cent.

Steel tycoon Lakshmi Mittal, billionaire Sunil Bharti Mittal’s Airtel, Anil Agarwal’s Vedanta, ITC, Mahindra and Mahindra, and a lesser-known entity called Future Gaming and Hotel Services are on the list of purchasers of electoral bonds, according to the Election Commission (EC) data made public on Thursday evening.

Future Gaming was probed by the Enforcement Directorate recently. It bought electoral bonds worth over Rs 1,368 crore under two different sets of companies.

On a day the ruling Aam Aadmi Party (AAP) named its candidates for 8 of the 13 Lok Sabha seats in Punjab, Shiromani Akali Dal (SAD) president Sukhbir Singh Badal denied speculations of reaching any alliance with the BJP but did not entirely rule out the possibility of a tie-up in future.

The Akalis were partners of the BJP earlier in the ruling National Democratic Alliance (NDA) at the Centre and the two even contested the 2019 Lok Sabha elections in the state together but failed to come up with the goods.

The longer the war in Gaza goes on and Yemen's Houthi rebels keep attacking ships in the Red Sea the greater the risk that Yemen could be propelled back into war, the UN special envoy for the poorest Arab nation warned on Thursday.

Hans Grundberg told the UN Security Council it has been impossible to shield his promising efforts to restore peace to Yemen because the reality is, what happens regionally impacts Yemen and what happens in Yemen can impact the region.

Sulking Trinamool Congress MP Arjun Singh, who was denied a ticket to seek a fresh term in the Lok Sabha from the Barrackpore constituency of West Bengal, returned to the BJP, dealing a blow to the ruling party in the state ahead of the upcoming electoral battle.

The BJP, which named 20 Lok Sabha candidates from West Bengal earlier, hasn't yet announced its pick for Barrackpore.

The National Payments Corporation of India (NPCI) on Thursday allowed One97 Communications (OCL), which operates brand Paytm, to function as a third party application provider (TPAP) on Unified Payments Interface (UPI).

Four banks — State Bank of India (SBI), Axis Bank, HDFC Bank, and YES Bank — will act as payment service providers (PSPs) to Paytm.

KITES Senior Care, a leading provider of “out-of-hospital” geriatric care services, has completed its Series A funding round, securing an investment of Rs 45 crore from Ranjan Pai’s Manipal Education and Medical Group (MEMG) Family Office Fund. The total plan outlay for this expansion and growth is Rs 65 crore. Out of this, Rs 45 crore is being invested by Ranjan Pai, with the remaining funds sourced from various other contributors.

"We have closely observed KITES delivering the promised plan and building solid foundations of a scalable growth model.

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