No change in petrol and diesel prices today: Now 5 people can make payments from one UPI account, GDP growth drops to 6.7% in April-June quarter

Yesterday’s big news was related to the Disney and Reliance deal. Disney and Reliance Entertainment are merging, its merger has been approved by the Competition Commission of India, i.e. CCI. After CCI, the Mumbai Bench of the National Company Law Tribunal (NCLT) has also approved this deal. At the same time, the GDP growth rate has come down to 6.7% in the first quarter of the financial year 2025 i.e. April-June. This is the lowest in the last five quarters i.e. 15 months.

Before tomorrow’s big news, today’s major events, which will be in focus…

Now read yesterday’s big news…

1. Reliance-Disney merger will create the country’s largest network: There will be 120 channels and 2 OTT, after CCI, now NCLT Mumbai has also approved the deal

Disney and Reliance Entertainment are merging, their merger has been approved by the Competition Commission of India, i.e. CCI. After CCI, the Mumbai Bench of the National Company Law Tribunal (NCLT) has also approved this deal.

After the merger, it will become India’s largest entertainment company. It will also become a sports powerhouse. The company will have 75 crore viewers across India.

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2. GDP growth fell to 6.7% in the April-June quarter: This is the lowest in 15 months, it was 8.2% last year; impact of poor performance of agriculture and service sector

The GDP growth rate has come down to 6.7% in the first quarter of the financial year 2025 i.e. April-June. This is the lowest in the last five quarters i.e. 15 months. The GDP was 8.2% in the April-June quarter of last year i.e. Q1FY24.

The government released the GDP figures for the first quarter of the financial year 2025 on Friday (30 August). The impact of the poor performance of agriculture and service sectors has been seen on the economy.

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3. 5 people can make payment from one UPI account: Government launched UPI Circle, it allows maximum payment of ₹15,000 in a month

Now you can use the same UPI ID in more than one mobile. The government has launched a new feature ‘UPI Circle Delegated Payment Service’ in the UPI app.

By activating this facility, you will be able to add one or more people to your UPI app. All the added people will be able to make UPI payments from your bank account.

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4. Nifty set a record of 12 consecutive days of gains: it closed at 25,235, up 83 points, also touched a record high of 25,268

The Nifty index, launched in 1996, made a record of closing higher for 12 consecutive days. Earlier, in 2007, the Nifty had seen a continuous rise for 11 days. Whereas, in January 2015 and April 2014, there was a continuous rise for 10 days.

Nifty touched a record level of 25,268 in Friday’s trading. However, later it came down a bit and closed at 25,235 with a gain of 83 points. Sensex also touched a record level of 82,637, it closed at 82,365 with a gain of 231 points.

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5. Vistara’s last flight will fly on November 11: Tickets will not be booked from September 3, merger with Air India finalized

The country’s third largest airline Vistara will operate its last flight on November 11. This is because the merger of the Singapore based airline with Air India has been finalized.

From November 12, all Vistara flights will now be operated by Air India. Ticket booking for this will also be done through Air India’s website. Vistara gave this information on Friday (August 30).

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6. Adani Group invests ₹2,000 crore in Dharavi project: Construction expected to start in 2 months, plan to build 20 thousand houses

Adani Group has invested Rs 2000 crore in Dharavi Redevelopment Project (DRP). Adani Group and Maharashtra government are working together to redevelop Asia’s largest slum spread over 640 acres in Mumbai.

According to a report by Financial Express (FE), the joint venture is led by the Adani Group, which is responsible for building residential and commercial units in Dharavi.

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7. Zepto raises $340 million in funding: Company valuation reaches $5 billion, Zepto expected to achieve unicorn status in 2023

The valuation of instant grocery delivery app Zepto has increased by 40% to $5 billion (₹41,931 crores). Zepto issued a statement and informed about this.

The company said that in this funding round, the company has raised $340 million (₹2,851 crores). General Catalyst Partners, Dragon Fund, Epic Capital, Lightspeed Venture Partners and DST Global were involved in this fundraising round.

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8. Maserati GranTurismo sports car launched in Indian market: The car can run at a speed of 100kmph in just 3.5 seconds, starting price ₹ 2.72 crore

Italian luxury car maker Maserati has launched the second generation super sports car Maserati GranTurismo in the Indian market on (30 August). The company claims that the car can run at a speed of 100kmph in just 3.5 seconds.

Maserati offers the car in two variants – Modena and Trofeo. The Modena variant is priced at Rs 2.72 crore and the top-spec Trofeo starts at Rs 2.90 crore (both prices ex-showroom, India).

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