India's central banking leader, Sanjay Malhotra, predicts the country will ascend to a position as the third biggest economy worldwide in the near future.

India's central banking leader, Sanjay Malhotra, predicts the country will ascend to a position as the third biggest economy worldwide in the near future.

The Reserve Bank of India (RBI) Governor, Sanjay Malhotra, made a statement on Saturday, connecting the future economic outlook with a continued focus on supporting economic growth while maintaining price stability. He emphasized the importance of ample liquidity provision to the banking sector and expressed the central bank’s readiness to support the economy. With expectations of India’s economy holding bright prospects, Malhotra also stated that India will soon become the world’s third largest economy.

In the realm of business, Vikran Engineering and Amanta Healthcare have announced that their IPO allotment status can be checked online via PAN. Investors can stay updated on the allotment process for these two companies by visiting the official websites and entering their PAN details.

Meanwhile, Adani Power is planning to invest Rs 10,500 crore to build an 800 MW thermal plant in Madhya Pradesh. This significant investment aims to bolster the energy sector and contribute to the state's growth.

Elsewhere in the corporate world, ITC Chairman Sanjiv Puri discussed Q1 GDP growth, stating "Despite global challenges...". The exact details of his discussion are yet to be disclosed.

Interestingly, a stock from an auto components company has seen a staggering 1212% return. The record date and cash reward details for this record-breaking stock are available.

On a separate note, 21 companies have announced the record date for bonus issue, stock split, dividend, and right issue. This date is set for Tuesday, September 2.

Lastly, for tech enthusiasts, the iPhone 16 Pro Max and iPhone 16 Pro are now available with huge discounts.

On a different note, the Pradhan Mantri Jan Dhan Yojana, a government program, is currently not contextually relevant in the latest news.

No picture credit information is relevant as a fact in this roundup. Stay tuned for more updates on the economic and business front.

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