Top 5 Business News Stories of the Day

The business world was abuzz with activity today as both the BSE and NSE hit record highs. In today’s top business news stories, sugar stocks soared up to 8% following comments from India’s Food Minister Pralhad Joshi about potential increases in ethanol prices and the minimum selling price of sugar. Reliance Power also saw a significant rise, hitting a new 52-week high and climbing nearly 47% in just eight trading sessions.

In other news, the Union Budget 2024 introduced changes to income tax policies, including revisions to the Aadhaar card policy and modifications to the Vivad Se Vishwas Scheme. Additionally, Swiggy, one of India’s leading food delivery platforms, is gearing up to enter the stock market with a highly anticipated public offering that could be one of the biggest in 2024. Investors are keeping a close eye on this development as the food delivery services industry continues to grow in India.