India Financial News

India's Tanvi Patri clinched the under-15 girls singles title at the Badminton Asia U-17 & U-15 junior championships after she defeated Thi Thu Huyen Nguyen of Vietnam in straight games in the final in Chengdu, China on Sunday. The 13-year-old Patri, seeded No. 1, wrapped up the proceedings in just 34 minutes as she cruised to a 22-20 21-11 victory over her second-seeded opponent in the summit clash. With the feat, Parti joins the likes of Samiya Imad Farooqui and Tasnim Mir who had won the U-15 girls singles crown in 2017 and 2019 respectively.

artificial intelligence can enable Indians — even those who do not have a technical background — to solve the country’s most pressing problems, according to Mercedes Soria, executive vice-president and chief intelligence officer at US robotics security company Knightscope. “Now, all we have to worry about is, are we solving the right problem,” said Soria, who was on an India visit to share her expertise on machine learning and AI. Soria is a speaker for the United States Department of State on technology and women in STEM (science, technology, engineering, mathematics). “In the future, it’s not going to be so much that you have to be technical to have a startup and solve a problem. It’s going to be more of, do you identify the right problem to solve, and then the technology like Gen AI will help you,” she said. Problems can be solved even by those who can’t write a single line of code, she added. This is a ‘massive opportunity’ for India with its large population and unique local issues. Young people in India, including high schoolers, are very familiar with and using tools like ChatGPT, whereas in the US this is seen more among those in university, Soria noted.

Pakistan has extended an invitation to Prime Minister Narendra Modi, along with other leaders of the Shanghai Cooperation Organisation (SCO), for the upcoming Council of Heads of Government (CHG) meeting in October this year, reported The Times of India. However, it is unlikely that Modi will visit Islamabad, though it remains to be seen if he will delegate a minister to represent India, as has been done in the past, considering the strained relations between the two nations, the report added. Pakistan is set to host the CHG meeting on October 15-16, as it currently holds the rotating chairmanship of the council, the second most important decision-making body within the SCO, following the Council of Heads of State. While Modi regularly attends the heads of state summits, he skipped the recent one in Kazakhstan due to a scheduling conflict with a Parliament session in early July.

Chandrayaan-3’s historic landing near the Moon’s south pole, solidifying India’s status as a leading spacefaring nation. This achievement has transformed global perceptions, but also spurred significant investment in India’s thriving space sector. Suraksha P examines the current investment trends and developments. Did Chandrayaan-3’s success attract investments for the Indian space sector? “The government had already laid the groundwork through policy reforms and the creation of IN-SPACe to actively encourage private sector participation. However, Chandrayaan-3 provided a decisive push that captured the world’s attention, significantly amplifying investor interest in the rapidly growing space sector,” Pawan Goenka, Chairman, IN-SPACe.

floods that inundated vast areas of the low-lying South Asian country, disaster officials said. The floods were triggered by heavy monsoon rains and have killed at least 42 people in Bangladesh and India since the start of the week, many in landslides. «My house is completely inundated,» Lufton Nahar, 60, told AFP from a relief shelter in Feni, one of the worst-hit districts near the border with India's Tripura state. «Water is flowing above our roof. My brother brought us here by boat. If he hadn't, we would have died.»

health problems, priced considerably higher than the regular and even organic variants. Large companies, including ITC, Adani Wilmar, Tata Consumer, BigBasket and Emami Agrotech are betting on functional food, offering products such as low cholesterol ghee, edible oil for the sugar conscious, immunity boosting atta, rice and sugar, potato with low glycemic index (GI), tea with vitamins, and salt with iron and vitamins. Last month, ITC launched a new food brand, Right Shift, which will have a portfolio covering meals, drinks and snacking items targeted at those in their 40s and above with dense nutrition, apart from ghee with low cholesterol, at a 26% price premium over the regular range.

India and the United States agreed to press forward with the acquisition of anti-submarine equipment and the co-production of crucial systems such as fighter jet engines and unmanned platforms. Coinciding with the visit, the US Secretary of State approved a Foreign Military Sale of Anti-Submarine Warfare Sonobuoys and Related Equipment for an estimated $52.8 million. The High Altitude Anti-Submarine Warfare (HAASW) sonobuoys will be launched by Indian Navy MH-60R helicopters stationed aboard frontline warships. In his meeting with Secretary of Defense Lloyd J. Austin III, Singh discussed bilateral defense initiatives, including efforts to increase supply chain security and enhance maritime security in the Indian Ocean Region.

Volodymyr Zelenskyy's comments on India's crude oil trade with Russia may not have been in the right spirit, coming hours after his meeting with Prime Minister Narendra Modi in Kyiv during which New Delhi explained the market rationale for oil imports given its substantial requirements. Emphasising on India's «global influence», Zelenskyy suggested that India can help end Moscow's war in Ukraine by halting the oil trade that significantly funds the Russian military. «You can stop Vladimir Putin and halt his economy, and put him really in his place,» Zelenskyy told members of the Indian media on Friday night in Kyiv, referring to his meeting with Modi earlier in the day.

India's telcos have set 3-year deadline to grab a 10% share of all future 6G-related global patents filings and also make a sixth of contributions towards development of global telecom standards. The proposal came up during a meeting of the telecom department's advisory panel with telcos that was chaired by communications minister Jyotiraditya Scindia Friday. «India has already taken various initiatives like launch of Bhart6G Vision and Bhart6G Alliance, patent and IPR support framework, commissioning of testbeds, and the country can aspire for achieving 10% of all 6G patents and 1/6th contributions to global standards promoting India's needs,» the communications ministry said in a statement Saturday.

Paris will again be the centre of attention when the City of Lights hosts the 17 h Paralympic Games. India have sent 84 para-athletes, who will be aiming for the country’s highest-ever medal haul at the Paralympics. India won a solitary medal in London 2012, a number that went up to 4 in 2016 Rio and 19 in 2021 Tokyo. If the athletes perform to potential, it could cross 25 in Paris. For the record, India’s cumulative medals tally between 1968, when it first participated at the Paralympics, and 2016, was 12. But then numbers don’t tell half the story. In Rio, for example, India had sent just 19 athletes. In Tokyo, the number swelled to 54. In Paris, India is sending its largest ever Paralympics contingent.

Shikhar Dhawan announced his retirement from all forms of cricket two years after he last donned the national jersey, saying that he leaves the scene a content man after representing the country in all three formats. The 38-year-old made his international debut in 2010 in an ODI against Australia in Visakhapatnam and his last India game was also a 50-over match, against Bangladesh in 2022. «As I close this chapter of my cricketing journey, I carry with me countless memories and gratitude. Thank you for the love and support! Jai Hind!,» Dhawan said in a post on 'X'.

₹12,500 crore every month on foreign travel in FY 2023-24. Naidoo also highlights the popularity of weekend getaways and staycations, which fuels the demand. Contemporary retail experiences, including the open-plan layouts of stores and women sales personnel in the lingerie and swimwear sections, also make a difference.

SGB taxation in budget 2024: Changed capital gain tax on maturity, selling prematurely in RBI's buyback or on stock exchange

₹75 crore business without any venture capital. Like Suta, several apparel brands in India have bucked the trend of startups relying on external capital to scale businesses. Despite capital becoming scarce, the advent of social media and online platforms has democratized brand reach, enabling these companies to grow profitably, albeit at a slower pace.

post-mortem of the 27 Indian pilgrims who were killed in the tragic bus accident in Nepal was underway in a hospital in the Bagmati province on Saturday, ahead of the transportation of the bodies to Maharashtra, a media report said. At least 27 Indian pilgrims, all from Maharashtra, who were in Nepal for a 10-day tour, were killed and 16 others injured after their bus veered off the highway and fell into a fast-flowing river in central Nepal on Friday. The post-mortem of bodies is being held in the Bharatpur Hospital in the Chitwan district of the Bagmati province, the MyRepublica news portal reported. The bodies were sent from the Anbu Khaireni Hospital to Chitwan for a post-mortem, the report said, quoting Deputy Superintendent of Police Deepak Rai.

Rajnath Singh's four-day visit to the United States marked a significant advancement in the strategic partnership between the two nations. The visit, which began on Thursday, was highlighted by high-level discussions with US National Security Advisor Jake Sullivan and US Secretary of Defence Lloyd Austin. Singh's meetings aimed to strengthen defence cooperation and explore new avenues for collaboration, particularly in emerging technologies. On Friday, Singh met with Sullivan to discuss «key strategic matters of mutual interest,» following the signing of two crucial agreements intended to bolster the comprehensive global strategic partnership between India and the US. In a post on X, Singh expressed his satisfaction with the meeting, saying, «Delighted to meet the National Security Advisor of the United States @jakesullivan and share perspectives on key strategic matters of mutual interest.»

₹90,000 crore. To put that in perspective Vijay Mallya, who was accused of fraud and money laundering, owes Indian banks ₹9,000 crore. Another high-profile accused Jet Airways founder Naresh Goyal owes about ₹7,000 crore to various banks.

₹1,000-crore space venture capital fund, which was announced on 23 July in the Union budget, is being worked upon at a ministerial level. “Going forward, multiple stakeholders will evaluate the sectors and entities that will benefit from the fund, and a professional fund manager will be appointed to handle it. We will also evaluate how the government, including Isro, can play its role in promoting the private sector," he said.

dire need of food, a fifth of them on the edge of famine. It is to ignore a looming migration crisis as Afghans try to leave for anywhere offering hope of a job. It is to ignore the ravages of climate change, which is worsening the country’s periodic droughts.

Overcooked 2, a 2018 title by small British developers Team17 and Ghost Town Games. Despite having won ‘The Game Award’ and nominated for BAFTAs, this title remained little-known among gamers for the longest time. It has now emerged as a gem of a family game that lets multiple players, including those with no interest in cooking, enjoy time together.