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- Business News Update; GDP growth was 7.8%. RBI Recalled 100 Tonnes Of Gold From Britain
New Delhi4 minutes ago
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Yesterday’s big news was related to GDP. The GDP growth in the fourth quarter of the financial year 2024 i.e. January-March 2024 has been 7.8%. Whereas in the same quarter last year i.e., Q4FY23, GDP growth was 6.1%.
At the same time, Reserve Bank of India i.e. RBI has recalled its 100 tonnes (about 1 lakh kg) of gold from Britain. This is the first time since early 1991 that so much gold has returned to India’s reserves.
Before tomorrow’s big news, today’s major events to keep an eye on…
- A rise can be seen in the stock market today Friday (31 May).
- There has been no change in the prices of petrol and diesel.
- Auto companies will release their monthly sales reports
- New cylinder prices will come
- GST monthly report will come
- Boeing’s Starliner mission will launch at 10 pm
Now read tomorrow’s big news…
1. GDP growth was 7.8% in the January-March quarter: It was 8.4% in the previous quarter, the economy grew at the rate of 8.2% in the financial year 2024.
The GDP growth in the fourth quarter of the financial year 2024 i.e. January-March 2024 has been 7.8%. Whereas in the same quarter last year i.e., Q4FY23, GDP growth was 6.1%.
The government has also released the provisional estimate of GDP for the entire year i.e. financial year 2024. GDP growth in FY24 was 8.2%. In the last financial year i.e., FY23, GDP growth was 7%. FY24 GDP growth is 1.2% higher than the Reserve Bank’s estimate of 7%.
Click here to read the full news…
2. RBI brought back 100 tonnes of gold from Britain: For the first time since the beginning of 1991, gold has been returned on such a large scale.
Reserve Bank of India i.e. RBI has recalled its 100 tonnes (about 1 lakh kg) of gold from Britain. This is the first time since early 1991 that so much gold has returned to India’s reserves.
According to the latest data, by the end of March 2024, RBI had a total of 822.1 tonnes of gold, out of which 413.8 tonnes were deposited abroad. RBI has been one of the central banks that has been buying gold in the last few years. In the last financial year, the gold reserves of the Reserve Bank have increased by 27.5 tonnes.
Click here to read the full news…
3. PhonePe started providing secured loans: Option to take gold loan, home loan and mutual fund loan in the app.
Bengaluru-based fintech firm PhonePe has started offering secured loans by partnering with many non-banking finance companies. The Walmart-owned company will initially offer its customers six credit products – loan against mutual funds, gold loan, two-wheeler and four-wheeler loan, home loan, loan against property and education loan.
PhonePe has partnered with NBFCs like Tata Capital, L&T Finance, Hero Fincorp, Muthoot Fincorp, DMI Housing Finance, Home First Finance, RuPay and Volt Money. Will partner with PhonePe and NBFC in the coming weeks.
Click here to read the full news…
4 Sensex closed at 73,961 with a gain of 75 points: Nifty also gained 42 points, all 10 shares of Adani Group were on the rise.
The stock market witnessed a rise on the last trading day of the week i.e. 31st May. Sensex closed at 73,961 with a rise of 75 points. At the same time, there was a rise of 42 points in Nifty, it closed at the level of 22,530.
Out of 30 Sensex stocks, 17 saw a rise and 13 a fall. All 10 shares of Adani Group remained on the rise. Adani Total Gas had the highest rise of 9.40%.
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5. OYO will make a profit of Rs 100 crore in the financial year 2024: The company became profitable for the first time, Ritesh Agarwal said – We have a cash balance of about ₹ 1000 crore.
Online hotel booking company OYO has achieved profit for the first time in a financial year. The net profit of the company in the financial year 2024 was Rs 100 crore. Company founder Ritesh Aggarwal gave this information yesterday.
He wrote on social media platform Our first financial year with net profit was around Rs 100 crore.
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6. Kawasaki Ninja ZX-4RR launched in India, price ₹ 9.10 lakh: The middle-weight supersports bike will have a 400CC 4-cylinder engine, will compete with Yamaha R15.
Two-wheeler maker India Kawasaki Motor (IKM) has today launched the ZX-4RR, an updated version of its super sports bike Ninja ZX-4R in India. The company has kept its ex-showroom price at ₹ 9.10 lakh. The bike has been placed above the Ninja ZX-4R in the Kawasaki lineup and is costlier by Rs 61,000.
To buy the high performance bike, it will be imported as a completely built unit (CBU). In the middle-weight segment in India, the bike will compete with bikes like Yamaha R15 400, KTM RC390 and TVS Apache 310RR. The bike runs on 17 inch alloy wheels.
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7. 2.0 version of Hero Splendor Plus
Hero MotoCorp has launched the 2.0 version of Hero Splendor Plus Xtec in India on the occasion of the 30th anniversary of Splendor. The company claims that the bike will run 73 kilometers in one liter of petrol. The Splendor Plus Xtec 2.0 has been introduced with new graphics and minor cosmetic updates.
Three color options will be available in it, which include matte grey, gloss black and gloss red color. The price of the bike has been kept at Rs 82,911 (ex-showroom), which is Rs 3 thousand more than the current model. The new Splendor Plus competes with Honda Shine 100, Bajaj CT 100, Bajaj Platina and TVS Radeon.
Click here to read the full news…
Also see who were the top 10 richest people in the world yesterday…
Know the condition of tomorrow’s share market and gold and silver…
Know the latest price of petrol, diesel and gas cylinder…
