businessline

The Government is planning to bring out a policy on farmer producer organisations (FPOs) after a gap of 11 years that will be aimed at creating a level-playing field for all those who are not getting financial benefits. https://trib.al/oCEUA75

Indian Railways will look at developing an additional 200-odd Gati Shakti multi-modal terminals in its bid to improve freight earnings and decongest existing tracks for faster passenger train movement. https://trib.al/VrpzRfu

Indian Railways will look at developing an additional 200-odd Gati Shakti multi-modal terminals in its bid to improve freight earnings and decongest existing tracks for faster passenger train movement. https://trib.al/yd4Rl4L

The government is scrutinising the interest equalisation scheme for exporters to analyse its usefulness in promoting exports so far, including from the MSME sector, to decide if it should be continued beyond June 30 2024, sources have said. https://trib.al/FhuDJUl

With increasing India's dependence on Chinese industrial goods like telecom, machinery and electronics, Beijing's share in New Delhi's imports of such goods rose to 30 per cent from 21 per cent in the last 15 years, a report said. https://trib.al/1zbISAH

AU Small Finance Bank is targeting to double its balance sheet size to ₹2.5 lakh crore in three years, helped by the acquisition of Fincare SFB and the growing consumption trend in the country. https://trib.al/jg0zSZA

Foreign investors pulled out domestic equities worth ₹6,300 crore in April on concerns over tweaks in India's tax treaty with Mauritius and sustained rise in US bond yields. https://trib.al/vRdSlMF

The combined market valuation of six of the top-10 most valued firms increased ₹1,30,734.57 crore last week, with State Bank of India and ICICI Bank emerging as the biggest gainers in line with an overall positive trend in equities. https://trib.al/Pd8yAJF

Thanks to uninterrupted bull run and renewed interest in equity investment, the quantum of assets under management of the mutual fund industry accounts for 26 per cent of the bank deposit as of March-end against 21 per cent logged in FY23. https://trib.al/jfCAAkr

Tesla CEO Elon Musk has headed to China on Sunday on a surprise visit to the country, which is also the second biggest market of the electric vehicle giant, news agency Reuters reported citing two people with knowledge of the matter. https://trib.al/hHhUQAP