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finance ministry has tightened the anti-money laundering rules by bringing in partners holding 10 per cent stake in a firm, as against 15 per cent earlier, under the definition of beneficial owners.

₹51.17 crore in worldwide advance bookings, and it has managed to surpass the opening day record of Pathaan in India. Film trade analyst Manobala Vijayabalan shared this news on Twitter, providing insights into Jawan's exceptional pre-release performance. He revealed that the film, starring Shah Rukh Khan, has not only secured a whopping ₹32.47 crore in advance bookings for its opening day in India but has also earned ₹18.70 crore ($2.25 million) from overseas markets.

Oil prices hit a 10-month high of nearly USD 90 per barrel as Saudi Arabia and Russia extended their voluntary production and export cuts until the end of the year. For a nation that is more than 85 per cent dependent on imports for its oil needs, the surge in prices means India will have to shell out more and the prospect of returning to market-driven petrol and diesel prices in the near future diminished further. Brent crude prices surged around 6.5 per cent over the past week after Saudi Arabia, which leads the expanded OPEC+ cartel with Russia, decided to keep its one million barrels a day reduction in supplies to the global market until the end of December. Russia has added its own voluntary export cuts in recent months. The move has led to Brent rising above USD 90 a barrel for the first time this year on Tuesday.

European stocks fell amid weak German data and elevated oil prices that reignited concerns over inflation.

Texas, United States & Bengaluru, Karnataka, India – Business Wire India Capillary Technologies, a global leader in loyalty technology solutions, is pleased to announce the promotion of Melody Mitchem to the position of Global Head of Human Resources. Melody's appointment comes as a result of her exceptional contributions to the company since her arrival through Capillary’s acquisition of Brierley.In her short time at Capillary, Melody has demonstrated remarkable leadership and strategic prowess.

Nifty settled higher for the fourth consecutive session on Wednesday, September 6, supported by gains in shares of select heavyweights, including HDFC Bankand Bharti Airtel. However, weak global cues curtailed gains for them as concerns over interest rate hikes and weakening global economic growth weighs on market sentiment. In Asian markets, Tokyo, Shanghai and Hong Kong ended in the green while Seoul settled lower.

Mumbai Port Trust, Mazgaon, Mumbai on 4-5 November. The fest will be saluting yesterday's headliners to giving a stage to tomorrow's. Anand Mahindra worte on X(formerly Twitter),"It’s back.

Nifty closed higher for the fourth consecutive session on gains in shares of select heavyweights, including HDFC Bank ITC and Bharti Airtel. However, weak global cues curtailed gains for them as concerns over interest rate hikes and weakening global economic growth kept weighing on sentiment. Major European markets in the UK, France and Germany traded lower when the Sensex closed as recent subdued economic prints of China and Europe raised concerns about an economic slowdown.

Home sales in the Toronto area declined on a year-over-year basis in August while the average selling price remained flat, as rising borrowing costs weighed on the region’s real estate market.

Even a sharp recession is unlikely to restore affordability to Toronto’s housing market, according to a new study from Desjardins that should give pause to those looking for a chance to buy in.

It looks like British Columbia Premier David Eby might get his wish.

Old Bridge Capital Management (OBCM) has received the Securities and Exchange Board of India’s (Sebi’s) approval to start its mutual fund operations under Old Bridge Mutual Fund. Kenneth Andrade, Founder of OBCM, said, “We are delighted to receive this licence to commence operations for Old Bridge Mutual Fund and will be launching our maiden actively managed equity scheme. As we move forward with our newly acquired licence, we remain committed to providing investors with long-term investment solutions on its mutual funds platform as well.” Old Bridge Capital Management was incorporated in December 2015 and the company is registered with Sebi as a portfolio manager. OBCM’s media release on Wednesday claimed that the company was also an investment manager and sponsor to a Sebi-registered Category III Alternative Investment Fund named Old Bridge Capital AIF. The company website claims that Andrade has managed a portfolio of over a billion dollars with a track record of beating the benchmark every year since 2006. OBCM manages equity portfolios through two structures — Portfolio Management Services and Category III Alternative Investment Funds — the release said. Earlier, Reliance Industries Ltd’s financial services arm Jio Financial Services (JFS) and BlackRock have signed an agreement to form a 50:50 joint venture to offer investment solutions.

El Nino intensified, and forecasts for lower rainfall in September are further threatening to disrupt supplies. While wheat output forecasts are being revised lower due to dry weather in Australia, the world's second largest exporter, record-low monsoon rains are expected to reduce the volume of crops, including rice, in India, the world's biggest shipper of the grain, meteorologists and analysts said. Insufficient rains in Southeast Asia, meanwhile, could dent supplies of palm oil, the world's most widely used vegetable oil, while extreme weather in top corn and soybean importer China is putting food output at risk. «We are in full-blown El Nino weather in several parts of the world and it is going to intensify towards the end of the year,» said Chris Hyde, a meteorologist at U.S.-based Maxar, which provides climate data analytics. «The weather pattern in Asia will correlate with dry El Nino conditions.» El Nino is a warming of Pacific waters which typically results in drier conditions over Asia and excessive rains in parts of North and South America. LACK OF RAINS IN INDIA, AUSTRALIA India's monsoon rains, crucial for summer crops such as rice, sugarcane, soybeans and corn, are poised to be the weakest in eight years. «The impact of El Nino is much greater than we had anticipated,» said a senior India Meteorological Department official. «This month is going to end with a deficit of over 30%, marking it as the driest August on record.

Dhiraj Nim, Economist/FX Strategist, ANZ Research, says “the rupee could remain in a tight range of about 82.80, 82.90 to 83.10, the recent lows that have been established. My own forecast for September end is 83 per dollar, but there are a couple of more headwinds out there, apart from the dollar strength, namely the crude oil prices, which have surprised everybody on the upside. The rupee in near term could maintain a bit of weakening bias but we expect the RBI to remain present in the market to smooth out any volatility.”The dollar index has seen quite a bit of surge and is already very close to that 105 mark. Do you see more strength there? Our house view is that the dollar index could be at 105 by the end of this quarter. So, at least in the near term, we do not see significant upside, but let us be mindful that 105 is not a very easy level for any currencies in the emerging market space.

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Jawan, the Indian film industry is buzzing with forecasts regarding its expected Box Office performance. The global advance booking for the film is closing in on a staggering ₹45 crore, as per Sacnilk. Jawan has become only the second Bollywood film to surpass the one-million mark in advance ticket sales.

India is seeking additional volumes of natural gas and has asked utilities to expedite completion of power plant maintenance, as part of emergency steps to stop electricity outages, according to a government note seen by Reuters. The power ministry is advising states to expedite commissioning of all new power plants and operate gas-fired plants at full capacity, the note said. «In order to cater to the high demand situation, all available resources in the grid are being harnessed. It is pertinent to mention that the entire onus of meeting non-solar hours demand falls upon the coal fired generation,» the note said. India's power demand has been growing rapidly, with strong economic growth boosting demand from factories and the summer heat increasing household consumption.

Former Morrison government transport minister Michael McCormack had competition concerns at the front of his mind in 2018 when he set limits on Qatar Airways expanding in Australia.

Global private equity giant TPG’s Australian pathology business, TissuPath, has suffered a data breach with a decade’s worth of patient request forms being released on the dark web.

India’s manufacturing purchasing managers index (PMI) rose to a three-month high in August, following an increase in orders and output. However, India’s services-sector growth slowed down in August after hitting a 13-year high in July. Mint explains the significance of PMI data.

home loan borrowers, the country's top lender is offering concessions of up to 65 basis points (bps). The last date for the concession on home loans is 31 December 2023, the lender mentioned on its website. The concessions are based on the CIBIL score.