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The Union Cabinet has approved the extension of Pune Metro Line 2. The project will cost approximately Rs 3,626 crore. Currently, 33.3 kilometres of the Pune Metro network is operational. Another 33 kilometres is under construction. The approved extension will add 12.75 kilometres and 13 stations. This extension will connect central Pune to the eastern and western suburbs.
The Cabinet Committee has approved a revised Jharia Master Plan with a Rs 5,940.47 crore outlay to address coal fires, land subsidence, and rehabilitate affected families in Jharkhand. The plan prioritizes sustainable livelihoods through skill development, grants, and infrastructure development at resettlement sites. A dedicated fund and partnerships with skill development institutes will further boost income-generating opportunities.
IndiaMart Intermesh shares surged after Nuvama Institutional Equities upgraded the stock to ‘Buy,’ anticipating a demand upcycle. The brokerage expects improved traffic, increased subscriber additions, and accelerated collection growth, leading to revised earnings estimates. Nuvama also noted structural reforms and a shift in platform dynamics, contributing to the optimistic outlook and a raised target price of Rs 3,800.
Following an Israel-Iran ceasefire, President Trump suggested China could continue purchasing Iranian oil, though the White House clarified this wasn't an easing of US sanctions. Despite Trump's call for China to buy more US oil, analysts doubt this will significantly alter China's import patterns, given existing trade dynamics and Beijing's energy security priorities.
Commerce minister Piyush Goyal has reaffirmed India's ambition to become a $5 trillion economy by 2027, emphasizing strong macroeconomic fundamentals and policy reforms. He highlighted India's progress under Prime Minister Modi's leadership, projecting India as the world's third-largest economy by 2027.
Sebi has imposed a Rs 25 lakh penalty on BSE for failing to provide equal access to corporate disclosures, favoring paid clients and its internal team. The exchange also showed shortcomings in monitoring client code modifications, raising concerns about potential misuse and lack of due diligence. BSE's lapses impaired impartiality and fairness in information dissemination.
2025/06/30 11:03:45
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