India Financial News

Reserve Bank of India (RBI) has said there will be no trading in government securities, foreign exchange markets, money markets and rupee interest rate derivatives on September 18, 2024 as the government of Maharashtra has declared the day as a public holiday. The state government declared September 18, 2024 as a public holiday under Section 25 of the Negotiable Instruments Act, of 1881. In a press release dated September 14, 2024, RBI says, «The public holiday on September 16, 2024, declared earlier has been cancelled,» says RBI. «Accordingly, there will be no transactions and settlements in Government securities, foreign exchange, money markets and rupee interest rate derivatives on September 18, 2024. Settlement of all outstanding transactions due on September 18, 2024 (Wednesday) will get postponed to the next working day, i.e., September 19, 2024 (Thursday).» «The Government securities market, foreign exchange market, money market and rupee interest rate derivatives market will now be operational on September 16, 2024 (Monday). The settlement of secondary market transactions in Government securities, foreign exchange market, money market and rupee interest rate derivatives market which are due on September 17, 2024, will continue to be on the same day, i.e., September 17, 2024 (Tuesday),» the central bank adds.

FPIs) bought Indian equities at a net worth over Rs 16,800 crore this week, taking the overall September tally to Rs 27,856 crore. The total investments by them now stand at Rs 70,737 crore, so far in 2024. In August, FPIs bought domestic shares worth Rs 7,322 crore which was down month-on-month from July when the total purchase stood at Rs 32,359 crore. While in June, they were net buyers at Rs 26,565 crore after remaining net sellers in April and May when they sold equities worth Rs 8,671 crore and Rs 25,586 crore respectively.

Reserve Bank of India (RBI) has said there will be no trading in government securities, foreign exchange markets, money markets and rupee interest rate derivatives on September 18, 2024 as the government of Maharashtra has declared the day as a public holiday. The state government declared September 18, 2024 as a public holiday under Section 25 of the Negotiable Instruments Act, of 1881. In a press release dated September 14, 2024, RBI says, «The public holiday on September 16, 2024, declared earlier has been cancelled,» says RBI. «Accordingly, there will be no transactions and settlements in Government securities, foreign exchange, money markets and rupee interest rate derivatives on September 18, 2024. Settlement of all outstanding transactions due on September 18, 2024 (Wednesday) will get postponed to the next working day, i.e., September 19, 2024 (Thursday).» «The Government securities market, foreign exchange market, money market and rupee interest rate derivatives market will now be operational on September 16, 2024 (Monday). The settlement of secondary market transactions in Government securities, foreign exchange market, money market and rupee interest rate derivatives market which are due on September 17, 2024, will continue to be on the same day, i.e., September 17, 2024 (Tuesday),» the central bank adds.

₹79,900 and ₹89,900 respectively. Meanwhile, the iPhone 16 Pro and iPhone 16 Pro Max have received a massive price drop from their predecessors (in India) and start at ₹1,19,900 and ₹1,44,900 respectively.OpenAI has released a new series of models codenamed o1 with ‘reasoning’ capabilities that are designed to spend more time before responding to users' queries.

Nifty has closed at a fresh weekly closing high. The trading range too got wider; the index oscillated in a 680.20-point trading range. Volatility too plummeted significantly; the India VIX came off 17.53% to 12.55. While setting a distinctly contrast undertone as compared to the week before, the headline index posted weekly gains of 504.35 points (+2.03%). As we step into the fresh week, the undercurrent evidently remains strong. However, even with the buoyant trend and with the markets showing no signs of a letup, it is time that we follow this trend from now on with the utmost amount of caution.

Two of the largest corporate users, which had purchased cryptos worth millions of dollars on the WazirX platform, have questioned why they are described as contingent creditors of a Singapore company (named Zettai) in the court papers when their dealings have been with WazirX which is owned by an Indian entity (called Zanmai).

Subscribe to enjoy similar stories. (Bloomberg) -- South Korea’s LG Electronics Inc. has picked banks for a potential initial public offering of its Indian business that could raise as much as $1.5 billion, according to people familiar with the matter.

coal production in the country increased substantially during the fiscal year 2024-25, as per the Ministry of Coal. As per the ministry data on Friday, the production reached a provisional total of 411.62 million tonnes (MT) by September 12, 2024. This marks an impressive rise from the 388.86 MT produced during the same period last year, reflecting a growth rate of 5.85 per cent. Despite facing adverse climatic conditions that hampered mining operations, the ministry stated that sector has shown remarkable resilience, achieving significant production milestones.

Read more about other mobile phoneson the Top Trending Productspage. Read about the Best Vivo Mobile Phones in India below. 1. Vivo V40 5G Smartphone Vivo V40 5G Smartphone (Lotus Purple, 8GB RAM, 128GB Storage)18% Off₹32,930₹39,999Buy Now First suggestion on the list is the Vivo V40 5G Smartphone that features 50 MP ZEISS OIS cameras to provide you with superior detail and low-light performance. Its 120 Hz AMOLED display ensures smooth visuals for gaming and video streaming. It also comes with a 5500 mAh battery with 80W charging that offers substantial battery life and rapid recharging making it perfect for people who stay out for a long time. It features AI facial contouring and AI erase, this smartphone is perfect for photographers, videographers and bloggers. Special Features: Processor (CPU) Snapdragon 7 Gen 3, 2.63 GHz

Subscribe to enjoy similar stories. The flapping of a butterfly’s wings can cause a typhoon halfway across the world. That seemingly outlandish notion gave rise to the Butterfly Effect, the idea that tiny events can trigger huge, nonlinear impacts.

Telangana, and three others from Karnataka returned to India on Friday, nearly seven months after a distressing video of him pleading for rescue from the Russia-Ukraine border surfaced. At least 60 other Indian youths, according to a TOI report, who fell victim to a scam in which they were promised jobs as security personnel or helpers in Russia. However, upon arriving in Russia, their circumstances deteriorated rapidly. They found themselves forced into grueling labor and combat roles under inhumane conditions.

UIDAI) has announced an extension for the free update of Aadhaar details, with the new deadline set for December 14, 2024. The Unique Identification Authority of India (UIDAI) has been encouraging citizens to review their Aadhaar card information, particularly those who received their Aadhaar cards more than ten years ago and haven't made any updates. Nevertheless, it is not obligatory to make these updates. UIDAI posted on social media X, «UIDAI extends free online document upload facility till 14th December 2024; to benefit millions of Aadhaar Number Holders. This free service is available only on myAadhaar portal. UIDAI has been encouraging people to keep documents updated in their Aadhaar.»

Amit Shah extended his heartfelt wishes to people on Saturday on the occasion of Hindi Diwas. Taking to social media handle X on Hindi completing 75 years as the official language of the country, Amit Shah wrote in a post that all Indian languages are our pride and heritage, and without enriching them, we cannot move forward. «All Indian languages are our pride and heritage, without enriching them we cannot move forward. Official language Hindi has an unbreakable relationship with every Indian language. This year Hindi has completed 75 years of public communication and national unity as the official language of the country. I am confident that by taking all Indian languages together, official language Hindi will continue to contribute towards realizing the resolution of a developed India,» Amit Shah posted in Hindi.

Hindi Diwas is celebrated every year on September 14 across schools, colleges, and various institutions in India. The day marks the adoption of Hindi as the official language of India, a decision made by the Constituent Assembly on September 14, 1949. This historic vote was crucial in establishing Hindi’s significance within the Indian administrative system. The date also coincides with the birthday of Beohar Rajendra Simha, a renowned Indian scholar known for his illustrations in the original manuscript of the Indian Constitution. It was on his 50th birthday that the Constituent Assembly formalized Hindi as the official language, and later, Prime Minister Jawaharlal Nehru declared September 14 to be celebrated as Hindi Diwas. The celebration of Hindi Diwas aims to promote the use and understanding of Hindi across the nation. While Hindi is primarily spoken in India, its influence extends to countries like Fiji, Mauritius, Singapore, and New Zealand. In addition to Hindi Diwas, World Hindi Day is observed on January 10 to commemorate the first World Hindi Conference held in Nagpur in 1975, which brought together delegates from 30 countries to promote the language globally.

Subscribe to enjoy similar stories. India’s small savings schemes, long cherished for their high interest rates, are under the scanner. The government has announced a strict crackdown on irregular Public Provident Fund (PPF) and Sukanya Samriddhi Account (SSA) accounts, stripping them of their attractive 7.1% and 8.2% interest rates.

Subscribe to enjoy similar stories. In July 1810, a princess of Mewar—dressed in her best silks and jewels—consumed a cup of poison. Despite her appearance, it was not a pretty sight.

foreign exchange reserves scaled a new high of $689.235 billion at the end of September 6, the Reserve Bank of India data showed. Forex reserves rose $5.248 billion in the week ending September 6, making it the fourth consecutive weekly rise backed by healthy dollar inflows. In the past four weeks, reserves rose by $19.2 billion.

Subscribe to enjoy similar stories. Quiet luxury was supposed to reign supreme. Return to over-the-top fashion would take time, many claimed.

Malaika Arora's father's doctor and other relatives who were close to him in the days leading up to his death, news agency ANI reported. They are gathering as much information as possible to understand the circumstances surrounding his tragic decision. On Wednesday, Malaika's father Anil Mehta, 62, allegedly died by suicide after jumping from the sixth floor of Ayesha Manor, a residential building in the upscale Bandra (West) area of Mumbai. According to police reports, as quoted by news agency Press Trust of India, the incident occurred while Mehta’s wife, Joyce, Malaika’s mother, was inside their apartment. The Mumbai Police have recorded statements from family members, including Malaika, Amrita, and their mother Joyce.

Dragon Ball Daima directed by the late Akira Toriyama is all set to release on October 11 in Japan at 11:40 PM JST. Crunchyroll will stream the anime on the same day for the global audience.