COMPOSITE Financial News

Love at First Sight," is captivating audiences with its heartwarming storyline and a soundtrack that strikes all the right chords. As viewers swoon over the delightful on-screen chemistry between the protagonists Hadley Sullivan (Haley Lu Richardson) and Oliver Jones (Ben Hardy), they're also grooving to a playlist that perfectly complements the film's romantic ambiance.

Covid-19 pandemic. Its property market is in deep distress with default risks. Even though the government has announced several stimulus measures in the last few months, they have not been able to instil optimism in the economy.

The S&P 500 (SPX) lost 0.2% last week following a sentiment reversal on Friday, when the index dropped 1.2%. This way, the S&P 500 fell below the short-term supporting trend line, which could invite more pressure in the near term.

Infosys Ltd’s recent $1.6 billion deal with Liberty Global Plc includes licensing the European telecom company’s connectivity platform Horizon to other telecom firms. Similarly, hardware equipment maker Lexmark plans to commercialise its internet of things (IoT) platform Optra through Tata Consultancy Services Ltd (TCS), which will then offer it to manufacturing and retail clients of Tata Group companies worldwide.

Sumit Deb, outgoing President of the Federation of Indian Mineral Industries (FIMI). In his address during the 57th annual session of FIMI, he expressed doubts whether international Junior Exploration Companies or domestic exploration companies would be keen to participate in the auctioning of exploration licenses under the proposed regime. “We feel that the amended Mines and Minerals (Development and Regulation) Act, 2023 may not achieve the desired objective of establishing the required resources of much needed deep-seated and critical minerals,” Deb said. He noted that there is a need to revisit the mineral concession policy and to adopt conducive framework in line with international practices.

Best Agrolife Ltd (BAL), India's fastest-growing agrochemical company, today announced that it has inked an agreement with Syngenta for the marketing of Pyroxosulfone 85% WG herbicide under the brand name Movondo. Pyroxasulfone is a pre-emergence herbicide for wheat, corn, and soybean that ensures increased yields while offering outstanding crop safety by eliminating weeds that pose a threat to these crops. It is more effective against broadleaf weeds and requires fewer applications than other commercial herbicides.

The S&P 500 (SPX) lost 0.2% last week following a sentiment reversal on Friday, when the index dropped 1.2%. This way, the S&P 500 fell below the short-term supporting trend line, which could invite more pressure in the near term.

emerging markets (EMs), including India, experts believe. The public debt of the world's second-largest economy has been mounting, its property market is in deep distress, its exports are slowing and it has to deal with geopolitical issues too. China's economic outlook is bleak.

Food Safety and Standards Authority of India (FSSAI) has started a nationwide surveillance study on milk and milk products this month, in a bid to curb adulteration of such items, an official of the country's apex food regulator said on Monday. The exercise will continue till October, and the regulator is expected to submit its report to the health ministry by December, FSSAI Advisor (Quality Assurance) Satyen K Panda said. «The surveillance survey will cover 766 districts across the country and over 10,000 samples will be collected during the exercise.

NEW DELHI : India’s public sector oil and gas companies are looking at purchasing ships to transport oil and gas following a Union government directive aimed to ensure energy security, two people aware of the development said. The move comes at a time of rising crude prices, a price cap on Russian oil, and a bar on the use of Russian ships for transporting oil and gas. “The government has been asking oil companies to buy ships....But where are the ships available," said one of the two people, adding that despite poor availability, large oil companies are likely to locate and procure them.

independent director of private sector Dhanlaxmi Bank has resigned from the bank's board citing factionaism on the board as well as unethical conduct of the bank's businesses which includes misusing the one-time settlement mechanism for bad loan resolution. The director, Sridhar Kalyanasundaram, who was appointed to the board in December last year, wrote a tell-all resignation letter to the board detailing his differences regarding rights issue of shares, complained of lack of support from other board members and raised concerns over their ‘lack of in depth banking knowledge’. He has also pointed fingers at Reserve Bank of Indias' nominee director for overlooking the alleged bad loan settlement irregularities. «I was having little or no support from the other members of the board on thevarious issues affecting the bank — mainly due to lack of depth of knowledge in banking and also due to the factionalism in the board,» he wrote.

Sridhar Kalyanasundaram one of the Independent Director of the Dhanlaxmi Bank, has resigned from the Board of Directors post of the Bank, as stated in a regulatory filing by the bank. The letter of resignation of Sridhar Kalyanasundaram,detailing his reasons for the resignation and stated that there has been instances where despite the value of the inputs given by the Independent Director , inputs have been deliberately negated / avoided / overruled by the other members of the Board, just to support the belligerent attitude of the MD & CEO of the Bank.

profession will continue to thrive or it will self-destruct based on whether we do or do not maintain our integrity, Chief Justice of India Dhananjay Chandrachud said here on Sunday. Integrity is the core of the legal profession, the CJI asserted. Integrity is not eroded by one thunderstorm, it gets eroded by small, little concessions and compromises made by lawyers and judges, the CJI said while speaking at the an event on the theme 'Enhancing collaboration between Advocates & Judges: Towards strengthening legal system'. «Our profession will continue to thrive or it will self-destruct based on whether we do or do not maintain our integrity.

Stocks closed lower on Wall Street, giving the S&P 500 its second losing week in a row

The government has decided to increase private participation in mining with the goal of attracting technology and capital to the sector. It made amendments to the Mines and Minerals (Development and Regulation) Act, 1957 during the recently concluded monsoon session of Parliament to allow the private sector to participate in the exploration and mining of critical resources such as lithium. Mint looks at how the changes could affect the sector.

Sensex and Nifty50 ended the week on strong footing hitting new all-time highs with PSU Banks, auto and IT stocks leading the gains. Amid a host of important domestic and global events lined up during this week.

Investing.com — U.S. stocks were falling on Friday as investors turn their attention to the Federal Reserve's next interest rate decision.

Mint’s queries. “It will help in expediting the process of land demarcation and classification, and preparing blocks for auctions faster, as searching offline records takes considerable time." Earlier, the 2015 mineral auction regulations mandated identification and demarcation of the proposed mineral blocks using total station and differential global positioning system (DGPS) technology, before the mining leases were granted. The demarcated areas were then categorized into forest land, state-owned land, and non-state-owned land.

Stocks rose on Wall Street after a blizzard of reports suggested the U.S. economy is still humming, though inflation may be too

financial inclusion index (FI-Index), capturing the extent of financial inclusion across the country, rose to 60.1 in March 2023, showing growth across all parameters. The index captures information on various aspects of financial inclusion in a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion. «Index for the year ending March 2023 has since been prepared.

(Reuters) — Wall Street's main indexes opened lower on Friday as shares of Ford (NYSE:F) and General Motors (NYSE:GM) as well as chip-equipment makers fell, though optimism over a likely pause in U.S. interest-rate hikes supported investor sentiment.