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The Reserve Bank of India's (RBI) Monetary Policy Committee headed by Governor Shaktikanta Das keep repo rate unchanged at 6.5%. The central bank also retained FY24 GDP growth forecast at 6.5% The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) held its second bi-monthly monetary policy meeting of FY24, deciding to leave the repo rate unchanged at 6.5%. The MPC voted 5 members to 1, keeping the focus on the withdrawal of accommodation. The RBI also maintained its FY24 GDP growth forecast at 6.5% while expecting FY24 CPI inflation to be at 5.1%. The RBI has been committed to keeping inflation at the target rate of 4%, and the MPC's decision to leave the repo rate unchanged is in line with this. This decision is expected to help keep the Indian economy on an inflation-targeting path. The MPC also noted that the Indian economy has shown signs of recovery, although it is yet to reach pre-pandemic levels. The RBI also revised the outlook for FY24 GDP growth to 6.5% ...

IKIO Lighting is selling its shares in the range of Rs 270-285  till Thursday, June 8 in a lot size of 52 equity shares. The company is looking to raise Rs 607 crore from its IPO. IKIO Lighting, a leading manufacturer of premium lighting solutions, has successfully secured ₹182 crore from anchor investors on June 5 The initial public offering (IPO) of IKIO Lighting saw a strong demand from the investors during the first day of the bidding process. The issue, which kicked-off for subscription on Tuesday, was booked more than 1.55 times on first day of bidding. The company is a manufacturer of light emitting diode (LED) lighting solutions. It is primarily an original design manufacturer (ODM) and design, develop, manufacture and supply products to customers who then further distribute these products under their own brands. IKIO Lighting’s products are categorised as (i) LED lighting; (ii) refrigeration lights; (iii) ABS (acrylonitrile butadiene styrene) piping; and (iv) other pr...

Actor and mimicry artist Kollam Sudhi (39) was tragically killed in a road accident on 4th June 2023 Sunday evening after the car he was travelling in collided with a goods carrier vehicle. Three other mimicry artistes, Binu Adimali, Ullas, and Mahesh, were also injured in the accident. Kollam Sudhi was a popular comic actor and mimicry artist. He rose to fame quickly after appearing on the hit comic show 'Star Magic'. Kolam Sudhi made his film debut with the 2015 release 'Kanthari' directed by Ajmal. The accident has come as a shock to the Malayalam film industry, as Kollam Sudhi was a much-loved and respected artiste. His death has left many heartbroken, as he was an important part of the mimicry and comedy scene in the state. Sudhi was on his way to perform at a show in Thrissur with his colleagues at the time of the accident that occurred near Thirunavaya in Malappuram district. Eyewitnesses reported that the goods carrier vehicle suddenly veered into the opposite l...

The Indian government recently announced that Goods and Services Tax (GST) revenues have exceeded 1.4 lakh crore rupees for 14 consecutive months, exceeding 1.5 lakh crore rupees for the fifth time since the GST was introduced. GST Revenue GST collections for May 2021 have seen a growth of 12% year-on-year, amounting to Rs 1.57 lakh crore. This marks the highest-ever collection for the month of May since the introduction of the Goods and Services Tax (GST) in 2017. This is a significant increase compared to the same period last year and indicates that economic activity in the country is picking up. It is important to note that the highest-ever GST collection in the month of May was recorded in April 2021, which was Rs 1.41 lakh crore. This was mainly attributed to the increase in economic activity due to the unlocking of the economy post-COVID-19. The steady rise in GST collections shows that businesses are slowly getting back on track. It also indicates that compliance levels are incr...