Country Financial News

Piyush Goyal said on Friday.

Vande Bharat sleeper train as early as March next year, with the Integral Coach Factory aiming for a 2024 rollout. «Sleeper coach of Vande Bharat will be rolled out in the current financial year where the first train is under production and will be rolled out in March 2024,» BG Mallya, the General Manager of ICF, said. In addition to the sleeper train, the ICF is also building a new class of the affordable train, called the Vande Metro. According to officials, the Vande Metro is a 12-coach train that will be used for short-distance travel.

Reserve Bank of India to tighten monetary policy any further, given a steady decline in core inflation, but Adarsh Sinha, co-head of Asia FX and Rates Strategy at Bank of America, tells Bhaskar Dutta that the central bank may raise rates again in December to signal its seriousness to bring inflation back to its 4% target. Edited excerpts:What is your reading on interest rates both in India and te US? On the Reserve Bank's likely actions ahead, we do have a rate hike pencilled in for December. It's not a consensus view.

Tejashwi Yadav has defended the opposition INDIA bloc's decision to boycott alleged pro-BJP news anchors. The RJD leader was talking to reporters here on Friday, upon his return from Delhi, where the decision to this effect was taken during a coordination committee meeting of the INDIA coalition. He also admonished his party colleague and cabinet minister Chandra Shekhar for his controversial remarks on Ramcharitmanas. «The sub-committee concerned took the decision not to take part in shows organised by those who are rabidly pro-BJP and try to give things an incendiary turn,» said Yadav, upon being asked about the opposition coalition's move, which has irked the ruling party at the Centre and also drawn flak from some journalists' bodies. About the utterances of Chandra Shekhar, who holds the education portfolio, the deputy CM said, «In my view, he should avoid raising unnecessary controversy and concentrate more on the functioning of his department.» The RJD leader, however, added, «I also have a complaint against too much of media glare around such negative things.

State Bank of India is likely to raise up to ₹10,000 crore next week by issuing 15-year infrastructure bonds as the country's largest mass lender looks to garner long-term capital. «The bonds would have AAA rating from ICRA and India Ratings and the issuance will likely happen on September 22. The expectation on the coupon is around 7.45-7.50% which would represent a tight spread over comparable benchmarks,» a person aware of the development said. The person said SBI is unlikely to carry out more infrastructure debt issues this financial year after the upcoming bond sale. On July 31, the country's largest bank sold 15-year infrastructure bonds worth ₹10,000 crore at a coupon of 7.54%, representing an aggressive spread over the comparable government security curve of such a tenure as investor demand was strong.

iPhone 15 series, Watch Series 9 and AirPods Pro (2nd-Gen) are now live in India and the devices will arrive in the country from September 22 along with other global markets. For the first time, the 'Make in India' iPhone 15 will be available from the day of the global sales (September 22). The new devices will be available on Apple India Online Store, its own-branded retail stores in Mumbai and New Delhi, as well as other authorised Apple retailers. Available in 6.1-inch and 6.7-inch display sizes, iPhone 15 and iPhone 15 Plus are available in pink, yellow, green, blue, and black finishes in 128GB, 256GB, and 512GB storage capacities, starting at Rs 79,900 and Rs 89,900, respectively. iPhone 15 Pro and iPhone 15 Pro Max, in 6.1-inch and 6.7-inch display sizes, are available in black titanium, white titanium, blue titanium, and natural titanium finishes. iPhone 15 Pro starts at Rs 134,900 and is available in 128GB, 256GB, 512GB, and 1TB storage capacities. iPhone 15 Pro Max starts at Rs 159,900 and is available in 256GB, 512GB, and 1TB storage capacities. There are attractive EMI options and trade-in offers (from Rs 2,000-Rs 67,800 credit towards your new iPhone). Apple Watch Series 9 is now available for pre-order in 41mm and 45mm sizes in starlight, midnight, silver, (PRODUCT)RED, and a new pink aluminum case, as well as stainless steel in gold, silver, and graphite cases. Apple Watch Series 9 starts at Rs 41,900 and Apple Watch SE starts at Rs 29,900. All Apple Watch Series 9 cases are swimproof and dustproof, and have crack-resistant front crystals. Apple Watch Ultra 2 is priced at Rs 89,900, also available from September 22. AirPods Pro (2nd generation) with MagSafe Charging Case (USB‐C) are now available for

Gold rate today: Ahead of US Fed's FOMC meeting scheduled next week, gold prices remained in a broader range of $1,880 to $1,930 per ounce. However, the precious metal prices exhibited relative stability over the past week, with prices closing nearly unchanged at $1,923 levels in international market whereas it ended at ₹58,999 per 10 gm levels on MCX (Multi Commodity Exchange).

US visas. It noted that even if you have paid the full application amount, it will expire if you do not take the interview in within the stipulated period. Apparently, US visa applications are valid for exactly 1 year from the date of payment to schedule an appointment.

Nipah virus is much higher than Covid-19 viral disease, said ICMR DG Dr Rajeev Bahl on Friday. According to the Indian Council of Medical Research, the mortality rate of Nipah is around 60% as compared to that of Covid which was nearly 3% in the country. “Mortality among the infected is very high in Nipah (between 40 and 70 percent) compared to the mortality in Covid, which was 2-3 percent," Dr Bahl said at a press meet.

G20 summit in New Delhi. Shanti Cosentino, a spokesperson for the minister said, “At this time, we are postponing the upcoming trade mission to India", according to a report published by Reuters. PM Modi who held formal bilateral meetings with many world leaders during the G20 summit, snubbed Canadian Prime Minister Justin Trudeau, allowing only a short, informal meeting on the sidelines five days ago.

Indian Railways will be rolling out the first version of Vande Bharat sleeper trains soon. According to details revealed by BG Mallya, the General Manager of Integral Coach Factory (ICF), "Sleeper coach of Vande Bharat will be rolled out in the current financial year where the first train is under production and will be rolled out in March 2024". The Vande Bharat sleeper trains will be a significant addition to the Indian Railways fleet, as they will allow passengers to travel long distances on these high-speed trains overnight.

China's defense minister, Gen. Li Shangfu, has been placed under investigation, according to two U.S.

Anurag Thakur, inaugurated the Amrit Kalash Yatra organized by Nehru Yuva Kendra, Mumbai under Meri Mati Mera Desh Abhiyan in Mumbai on Friday, said an official statement from Ministry of Information & Broadcasting on Friday. Officials of Nehru Yuva Kendra, other dignitaries and volunteers of the National Service Scheme (NSS) were present on the occasion. Addressing the gathering, Thakur appealed to everyone to participate in commemorating 75 years of India's freedom and honouring the courageous souls who martyred their lives to protect our Nation, added the statement. On this occasion, Minister appealed to the youth to participate actively in this endeavour and contribute to the work of nation-building. «This sacred soil collected from across India will shape the Amrit Vatika near the War Memorial in Delhi.

electric vehicles sold in the Indian market is bought by a woman — more than double the share of female buyers of petrol and diesel cars. Senior industry executives ET spoke with said ease of driving and ownership along with increasing environmental awareness are propelling many women to choose electric cars over those powered by petrol and diesel. With more women joining the workforce and becoming financially empowered to make decisions, the trend is expected to continue, they added.Tata Motors, the country's largest electric carmaker, said women account for 24% of its EV sales while its closest rival MG Motor India put the number at 23-24%. In contrast, women's contribution to sales of fossil-fuel cars in the country remains in the range of 11% to 12%.

Tata Steel announced a revival plan for its UK unit, securing a £500 million grant from the Rishi Sunak government to help fund the transition of the Port Talbot plant to more sustainable technologies. The announcement marks the end of years-long negotiations between Tata Steel and multiple British governments. The grant will help the Port Talbot Steelworks, the largest steel plant in the UK, shift to electric arc furnaces. The project is estimated at £1.25 billion, with the rest of the capital expected to be put up by Tata Steel. The project will also involve Tata Steel's balance sheet being restructured with the potential elimination of the current cash losses in the UK operations and non-cash impairment of legacy investments, the company said. «The agreement with the UK government is a defining moment for the future of the steel industry and indeed the industrial value chain in the UK,» said Tata Sons chairman N Chandrasekaran.

Also read: Libya flood updates: Death toll in Derna rises to over 11,000. 10 points UN World Meteorological Organization said many deaths could have been avoided if early warning and emergency management systems had functioned properly in the war-scarred country. However, hydrologist Abdul Wanis Ashour who researched the system of dams protecting Derna 17 years ago, found several problems in the eastern port town.

Marrakech in October to deliberate over possible reforms at multilateral development banks (MDBs), crypto-asset regulations and the global economic outlook, economic affairs secretary Ajay Seth told Banikinkar Pattanayak in an interview. Edited excerpts.What are the Finance Track’s most significant outcomes under India’s G20 presidency? There are many important outcomes of the Finance Track… Three particularly relevant in the current global context are a widening of the discussion on strengthening MDBs incorporating perspectives of the Global South; firming up the building blocks for a globally coordinated and comprehensive policy and regulatory framework for crypto assets; and advancing financial inclusion and productivity gains through digital public infrastructure.How does G20 plan to achieve better, bigger and more efficient MDBs and by when? G20 leaders have committed to pursuing ambitious efforts to evolve and strengthen MDBs.The call for bigger, better and more effective MDBs is based on this commitment.

National Hispanic Heritage Month began on Friday, September 15, a number of cultural programs celebrating Latino art and culture were held across the country. It is held every year from September 15 to October 15, to recognize the contributions of Hispanic Americans. Prior to National Hispanic Heritage Month, there was Hispanic Heritage Week. President Lyndon Johnson recognized it as a month of holiday for the first time in 1968.

India when it takes on an unostentatious Morocco in the home tie, which will be more of a celebration of Rohan Bopanna's Davis Cup career, which will come to a halt after 21 years on Sunday. The lack of singles players who could challenge the big boys of the ATP circuit, coupled with defeats in winnable matches, has hurt the Indian Davis Cup team badly in the last few years in this team tournament, but relegation to World Group II was a new low the Indian team hit in February. It was for the first time since the new format was launched in 2019 that the Indians dropped to this level. Much has changed since India last played in the Davis Cup tie in March, when it lost 2-3 to Denmark. Indian tennis has hardly had any memorable moments this season until Bopanna reached the US Open final last week. It's not just the lack of on-court results in singles; off-court, the country also felt the disappointment of losing its only ATP 250 event.Yuki Bhambri, one of the finest players India has seen, has stopped playing the singles format.

Mastercard, the world's second-largest payments network, said India's Unified Payments Interface (UPI) is a loss-making proposition for the players in the ecosystem even as it driving digitisation in the country. «UPI is fantastic at many levels in terms of what it has done to create digitisation in the economy. It is an incredibly painful experience for ecosystem participants, who all end up losing money as part of that proposition.

global politics and diplomacy, there are moments that stand as beacons of hope and progress. The G20 New Delhi Leaders' Declaration of 2023 is one such landmark, with the historic commitment towards gender equality and empowerment of women and girls worldwide. Under India's presidency, G20 leaders agreed to set up a Working Group on the empowerment of women to support the G20 Women's Ministerial.