LIVE: Mukesh Ambani overtakes Gautam Adani as the richest Indian in the world

The rupee rose by 8 paise to 81.80 against the US dollar in afternoon trade on Wednesday as Finance Minister Nirmala Sitharaman presented the Budget in the Lok Sabha.

Mukesh Ambani overtakes Gautam Adani as the richest Indian in the world according to the Forbes Real-time Billionaires list.

Union finance minister Nirmala Sitharaman begins presenting the Union Budget 2023-24 in Parliament. Check live updates here

A fire broke out at an oil godown in Bhiwandi town of Maharashtra’s Thane district on Wednesday. No casualties or injuries have been reported.

Finance Minister Nirmala Sitharaman arrives at Parliament ahead of Budget 2023. Follow updates here

Ahead of budget announcement, Sensex climbs to 59,987, Nifty at 17,785

Uttarakhand Police has busted a fake employment centre in Laksar area in the district and arrested four people for allegedly cheating youths of lakhs of rupees on the pretext of providing them government jobs, reported ANI.

The Bharatiya Janata Party (BJP) will launch a 12-day-long nationwide campaign on Wednesday to reach out to the public and convey the benefits of the upcoming Union budget 2023-24, reported ANI.

US President Joe Biden has invited Prime Minister Narendra Modi for a state visit this summer, reported news agency PTI. 

US Deputy Defense Secretary Dr Kathleen Hicks met National Security Advisor Ajit Doval and discussed priorities for the US-India bilateral defence partnership.

PM Narendra Modi expresses anguish at the loss of lives due to a fire in Jharkhand’s Dhanbad. “An ex-gratia of ₹2 lakh from PMNRF would be given to the next of kin of each deceased in the fire in Dhanbad. The injured would be given ₹50,000,” he tweets.