The government mopped up a record over ₹1.5 lakh crore from India’s first auction of 5G spectrum which ended Monday, with Reliance Jio emerging as the largest bidder.
It’s getting harder for Indian importers to source natural gas from international markets as Europe is drawing away much of the global supply to its shores ahead of winter amid Russian supply cuts.
India’s monthly goods and services tax (GST) collection hit the second highest ever in July while manufacturing activity bounced back to an eight-month high, indicating that economic recovery remained firm as interest rates inched up.
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