Business Today: World Bank Hikes India Growth | Nifty Rebounds to 22,776 | Oil | RBI | Air India

This Addition Of The Business Today Show reviews key developments across financial markets and the Indian economy. Dalal Street recorded a strong rebound as the Nifty gained 220 points to close at 22,776, supported by broader market strength in small-caps, mid-caps, pharmaceuticals, oil and gas, and private banks. Market expert Ambarish Baliga shares insights on market valuations, a drop in crude oil prices, and reports of Jio Platforms planning India's largest-ever initial public offering at a revised 114 billion dollar valuation. Meanwhile, domestic airlines have approached the government seeking tax relief and fuel price stabilization amid West Asia airspace disruptions and jet fuel spikes. Additionally, the Union Cabinet sanctioned integrated transport logistics measures and a 10,000 crore rupee SME growth fund. Finally, Business Today Group Editor Sidharth Zarabi engages with the World Bank following its upgrade of India's economic growth forecast to 7.1 percent, highlighting the dichotomy between rising employment figures and the scarcity of quality jobs.

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