Moneycontrol Selects: Top stories this evening

MC selects-A daily round-up of the most interesting articles

Here is a collection of the most important stories this evening:

The Indian government is considering lowering personal tax rates for certain categories of individuals, which could help boost consumption in the Asia's third-largest economy, two government sources told Reuters. Read More

Edtech startups don't need the kind of money that investors pumped into them and the sector will grow irrespective of whether it finds favour with VCs yet again, Upgrad founder Ronnie Screwvala told Moneycontrol. Read More

The initial investigation has revealed that the automatic signalling system between Ranipatra Railway Station and Chattar Hat Junction in West Bengal, where the accident took place, was defective since 5.50 in the morning, a railway source revealed. Read More 

MC Selects

The recently concluded G7 Summit in Italy, which saw the participation of Prime Minister Narendra Modi, came to a close with a commitment to advancing the India-Middle East-Europe Economic Corridor (IMEC) and other infrastructure projects and strengthening strategic ties. Read More

New offshore wind capacity of 410 gigawatts (GW) would be installed over the next 10 years, helping meet the global target of 380 GW by 2030 on the way, the Global Wind Energy Council (GWEC) said in a report on June 17. Read More

Private sector lender Kotak Mahindra Bank (KMB) plans to focus on brick-and-mortar business strategies and aims to open 170-200 branches in 2024-25, the bank’s group president and head of consumer banking Virat Diwanji said. Read More