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₹2-3 trillion from its balance sheet in 2018 for pre-election expenditure ahead of Lok Sabha polls in the following year, former RBI deputy governor Viral Acharya said in a new prelude to his book, Quest for Restoring Financial Stability in India published by Penguin Random House India. This revelation comes amid calls for increased government spending before the general and assembly elections due in 2024, despite marginal growth in the Centre’s tax collections in the first five months of FY24. Acharya has for the first time publicly disclosed in his prelude the series of events that led to the differences between RBI and the government that he had first hinted while delivering his speech at the A.D.

Shriram Finance Ltd was born. Shriram Capital, Shriram Transport Finance Company and Shriram City Union Finance merged, creating one of the largest domestic non-bank financiers. Today, it is the No.

₹6,833.29 crore, resulting in an outflow of ₹3,367.67 crore, according to NSE data. Domestic institutional investors (DIIs) bought equities worth ₹10,461.54 crore and offloaded shares worth ₹7,898.06 crore, resulting in an inflow of ₹2,563.48 crore, the exchange data showed. The BSE benchmark Sensex climbed 240.98 points, or 0.37%, to end at 65,628.14.

Gillian Keegan, the UK's Education Secretary, found herself in the spotlight after being inadvertently recorded expressing frustration over the handling of the school building crisis. Following an interview with ITV, Keegan was caught on a live microphone questioning the lack of acknowledgment for her department's efforts in addressing the ongoing school concrete crisis. In an unguarded moment, she candidly remarked, «Does anyone ever say you've done a good job because everyone else has sat on their a** and done nothing?» She followed this with a rueful, «Any sign of that, no?» A source from Downing Street promptly condemned Keegan's comments, describing them as «completely wrong», as reported by BBC.

NEW DELHI : With thermal power plants left with just 10 days of coal stock even as power demand soars, the union ministry of power has directed all domestic coal-based power plants to blend 4% imported coal till March 2024. In January, power generation companies (gencos) were asked to blend 6% imported coal till September in order to meet high demand during the summer. In a recent notification the power ministry noted that Grid India has projected continuation of high power demand through FY24 because of which there is a need to continue blending imported coal.

The maximum and minimum temperatures are expected to settle around 37 degrees Celsius and 27 degrees Celsius. On Monday, the minimum temperature was recorded at 26.3 degrees Celsius, a notch above the season's average. Delhi's 24-hour air quality was recorded in the «poor» (233) category at 8 pm. An AQI between zero and 50 is considered «good», 51 and 100 «satisfactory», 101 and 200 «moderate», 201 and 300 «poor», 301 and 400 «very poor», and 401 and 500 «severe».

Russian President Vladimir Putin says that a landmark deal allowing Ukraine to export grain safely through the Black Sea amid the war won’t be restored until the West meets Moscow’s demands on its own agricultural exports

Ukraine President Volodymyr Zelenskyy says that defense minister Oleksii Reznikov will be replaced this week with Rustem Umerov, a Crimean Tatar lawmaker

Ecuador's location is increasingly putting it at the confluence of two global trades: bananas and cocaine

Pakistani traders have staged strikes across the country against the soaring cost of living, including higher fuel and utility bills and record depreciation of the rupee against the dollar

Turkish President Recep Tayyip Erdogan has meet with Vladimir Putin in a bid to persuade the Russian leader to rejoin the Black Sea grain deal that Moscow broke off from in July

Despite extreme weather events battering India and the rest of the world in the last few months, climate ministers of the G20 nations ended their last meeting for the year without resolving major disagreement on climate policies

Taiwan’s government is racing to counter China, buying nearly $19 billion in military equipment from the United States, and extending military conscription for men to a year starting in 2024

The jury’s still out on the song of the summer. But the season’s unofficial soundtrack is obvious. “Barbie the Album" made its debut at No.

(Reuters) — London Stock Exchange Group (LON:LSEG) is looking into using blockchain to build what it described on Monday as «an end-to-end digital market ecosystem to raise and transfer capital across asset classes».

Vladimir Putin said Monday that the grain deal that allowed Ukraine to export grain safely through the Black Sea won't be restored until the West meets its obligations to facilitate Russian agricultural exports. Putin made the statement after talks with Turkish President Recep Tayyip Erdogan, who along with the U.N. brokered the deal seen as vital for global food supplies, especially in Africa, the Middle East and Asia.

Labor Day 2023 in the US seems to have become fruitful for Sony and Escape Artists' «The Equalizer 3» as the movie made a spectacular global debut, raking in $60.6 million, marking the franchise's most impressive opening to date. Notably, the film's international box office performance, which amounted to $26.1 million across 49 markets, set a new record for the Denzel Washington-led series, as per a report. Among the initial suite of releases, the top five markets contributing to this success are the UK ($3.5 million), France ($2.8 million), Germany ($2.4 million), Spain ($1.7 million), and Saudi Arabia ($1.6 million), according to a report by Deadline.

SME IPO of Basilic Fly Studio is receiving a stellar response from investors with the overall subscription at 110 times on the second day of the bidding process. The issue, which opened on September 1, comprises fresh equity of up to Rs 60.5 crore and an offer for sale (OFS) of 6 lakh shares. The company plans to raise about Rs 66 crore from the IPO, which closes tomorrow. According to NSE data, the issue has received bids for 56 crore shares worth Rs 5,507 crore on the second day against just 50.96 lakh shares on offer. Basilic Fly Studio is a visual effects (VFX) Chennai-based studio with subsidiaries operating in Canada and the UK, which specialises in creating visual experiences that captivate audiences around the world. It holds proficiency in the VFX industry and has delivered high-quality VFX solutions for movies, TV, net series, and commercials. According to market sources, the company's shares are commanding a huge premium of Rs 270 in the unlisted market. The company is offering shares for a price band of Rs 92-97 apiece, and investors can bid for 1,200 shares in 1 lot. About 50% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors and the rest 35% is set aside for retail investors. For the year ended March 2023, the company has recorded revenues of Rs 78.95 crore and net profit of Rs 27.74 crore. The net proceeds from the public offer will be used to set up a studio in Hyderabad, adding infra to strengthen existing facilities and general corporate purposes. GVR Capital Advisors is acting as the lead manager for the issue, while Purva Sharegistry is the registrar. The final allotment will likely be made on September 8.

India has been a “tremendous success” for Mercedes-Benz in the last few years and the company is revving up to invest in infrastructure and drive in the “right products” to participate in the growth story of the country, Ola Kallenius, chairman of the board of management at Mercedes Benz AG, told ET. Kallenius, who visited India earlier this year to review operations and meet policymakers and industry leaders, said: “We had a very constructive meeting (in India). And you get a sense in India, it's like the 21st century belongs to India.

Rishi Sunak on Monday strongly defended his record in government, dubbing allegations that he cut education funding as «completely and utterly wrong» amid an ongoing crisis over a light-weight concrete that is causing school closures in England and Wales. Thousands of pupils face disruption at the start of a new term this week after over 100 schools face full or partial closure because of concerns about reinforced autoclaved aerated concrete (RAAC), which is prone to collapse. A former senior civil servant in the Department for Education (DfE) alleged that it was under Sunak's term as Chancellor that the UK Treasury failed to properly fund school rebuilding schemes. «I think that is completely and utterly wrong.

all-time high of Rs 315 lakh crore on Monday, helped by strong investor sentiments amid encouraging domestic macroeconomic data and a firm trend in global stocks. The BSE benchmark Sensex climbed 240.98 points, or 0.37 per cent, to settle at 65,628.14.