Business News Highlights: Market Settles Sky-High, Sensex Climbs Nearly 1,200 Points, Nifty Over 22,950
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IndiGo To Launch Business Class In Flights Soon
IndiGo announced on Thursday that it will launch business class services on its flights on the busiest routes in the year. The details about the offering will be released by the carrier near its 18th anniversary in August.
India Could Get Rating Support If It Lowers Fiscal Deficit By Using RBI Dividend, Says Analyst
India can get 'rating support' if it manages to use the record-high dividend of more than Rs 2 lakh to lower its fiscal deficit, S&P Global Ratings Analyst YeeFarn Phua told PTI on Thursday. The expert said that the surplus dividend accounts for 0.35 per cent of the GDP and 'whether it would support the narrowing of the fiscal deficit in fiscal 2024-25 would really depend on the final budget that would be passed after the June election results'.
Market Closes: Sensex Settles Over 75,400, Nifty Rallies Over 350 Points
The stock market ended Thursday with a strong rally as the indices hit fresh highs. The S&P BSE Sensex settled the trading session at 75,418.04, soaring almost 1,200 points, while the NSE Nifty50 closed the day at 22,967.65, rallying ahead by over 350 points.
MG Motor India To Deliver 3,000 EVs To Vertelo In Phased Manner
MG Motor India announced on Thursday that it inked an agreement to deliver 3,000 EVs to fleet electrification platform, Vertelo, in a phased setting. The firm issued a statement and said, "The partnership will focus on providing sustainable mobility solutions to riders and will also work towards establishing a robust EV charging infrastructure in the country."
Freshleaf Raises Rs 1 Crore In Funding Round
Start-up Freshleaf announced on Thursday that it raised funds worth Rs 1 crore in a seed-round driven by Inflection Point Ventures. The tea brand said that it aims to use the funds to increase marketing efforts, enhance its production capacity, and boost research and development for its new projects.
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