Country Financial News

₹5,923 per gram."The nominal value of the bond based on the simple average of closing price (for gold of 999 purity)... works out to ₹5,923 per gram of gold," the central bank said, while announcing the issue price of Sovereign Gold Bond Scheme 2023-24 Series II (second tranche). The RBI has announced ₹50 per 10 gm discount for investors applying online and making the payment against the application through digital mode.

Narendra Modi to the event and has started preparing the guest list. According to trust officials, more than one lakh people, including VVIPs and seers from across the country, will be invited to the inaugural event.

intense rainfall activity, there is a possibility of landslides over these vulnerable hilly areas. Apart from that, flash flood chances are there as the intensity will be huge..." he added.

₹983 to ₹1,035 per equity share of face value of ₹5 each. On Tuesday, September 12, RR Kabel has raised ₹585 crore from anchor investors. RR Kabel IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors.

Harsh Goenka, Chairman of RPG Enterprises, recently took to X (formerly Twitter) to engage in a discourse regarding the salary of ISRO Chairman S Somanath. In his tweet posted on September 12, Goenka raised the question of whether S Somanath's monthly income of ₹2.5 lakhs was justifiable. Goenka acknowledged that individuals like S Somanath are primarily driven by non-financial factors, including their profound passion for science, unwavering commitment to research, and a deep-seated desire to contribute to their nation's advancement.

“Corrections, whether through consolidation over time or absolute fall, cannot be ruled out in such instances. However, at the index level, we expect mid and small-cap outperformance over large-cap to persist over the next 12 to 18 months,” says Anand Rathi, Founder & Chairman, Anand Rathi Group. In an interview with ETMarkets, Rathi, said: “Currently, the future profits prognosis for mid- and small-cap firms appears to be more promising than that of large-cap stocks” Edited excerpts:Nifty@20,000 but it seems to be finding some resistance at higher levels – What is your take on markets at present?The Indian equities market has risen throughout the current fiscal year after remaining range-bound since October 2021. In the last 12 months, the large-cap has gained roughly 12%, the midcap around 25%, and the small cap over 30%.

Birkenstock on Tuesday filed for an initial public offering in the United States, underscoring a pickup in the country's equity markets and becoming the second big European company to seek a foreign listing this month. Its filing with the U.S. securities regulator did not disclose the financial details of the offering, but revealed that net revenue for the six months ended March 31 rose 19% to 644.17 million euros ($692.87 million) and profit fell 45.3% to 40.21 million euros. The German sandal maker's IPO ambitions come hot on the heels of filings by British chipmaker Arm, data automation provider Klaviyo and grocery delivery app Instacart, as equity markets in the U.S.

UN General Assembly Dennis Francis said. «First of all, let me congratulate the government and people of India on the fantastic outcome of the G20 Summit,» Francis told PTI in an exclusive interview here. «I think it's a testament to the diplomatic skill and dexterity of Prime Minister Modi and his team that they were able to keep the G20 together in issuing a solid joint statement of partnership, which of course, is what we need,» Francis, who assumed his role this month as President of the 193-member UN body for the 78th session, said. «We need to build solidarity, we need cooperation, we need a conciliatory approach to our challenges — all of the things that are spelt out in the declaration,» he added. India hosted leaders of the world's biggest economies, including US President Joe Biden, French President Emmanuel Macron, Saudi Arabia Crown Prince Mohammed bin Salman, UK Prime Minister Rishi Sunak, Brazilian President Luiz Inacio Lula da Silva and Russian Foreign Minister Sergey Lavrov among others, for the G20 Leaders' Summit on September 9 and 10 in the Indian capital Delhi. As G20 President, India pulled off a big diplomatic win with the adoption of the New Delhi Leaders' Declaration at the summit, overcoming major differences in the Russia-Ukraine war. The announcement about the consensus on the 34-page declaration and its subsequent adoption came hours after India circulated a new text to the G20 countries to describe the Ukraine conflict. «We have just received good news.

Narendra Modi's promotion of the "Make in India" programme. He highlighted the importance of using domestically made product and commended India's policies under PM Modi's leadership as a positive example. In an address at the 8th Eastern Economic Forum (EEF), Putin said, "You know, we did not have domestically made cars then, but we do now.

Bloomberg. However, no time or venue has been announced by either side for the summit. Some media reports suggested that Putin may soon visit the Vostochny Cosmodrome space center in the Amur region, fueling speculation this could be the summit site.

Oil prices edged higher on Wednesday, hovering at a new 10-month high hit the previous day, as expectations of tighter global supply and fears of supply disruption in Libya outweighed concerns of slower demand in some countries such as China. The international benchmark Brent futures rose 8 cents, or 0.1%, to $92.14 a barrel by 0054 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 14 cents, or 0.2%, to $88.98 a barrel. Both benchmarks surged nearly 2% on Tuesday to close at their highest levels since November 2022. «Bullish demand outlook by the OPEC and the U.S.

G20 summit has demonstrated to the world that India can provide leadership with a vision and forge consensus even in these difficult times, commerce and industry minister Piyush Goyal told Deepshikha Sikarwar in an interview. The India-Middle East-Europe Economic Corridor will help the region economically integrate, drive down logistics costs and speed up the movement of goods and people. Edited excerpts.What is the key takeaway from the G20 Summit?The New Delhi G20 Summit has demonstrated India's emergence on the world stage as a nation that can provide leadership — leadership of vision; leadership that is sensitive, cares for the world and that can be trusted; leadership that can take along divergent viewpoints and can build consensus for the entire world.

Libya's eastern city of Derna on Tuesday, and it was feared the toll could surpass 5,000 after floodwaters smashed through dams and washed away entire neighborhoods of the city. The startling death and devastation wreaked by Mediterranean storm Daniel pointed to the storm's intensity, but also the vulnerability of a nation torn apart by chaos for more than a decade. The country is divided by rival governments, one in the east, the other in the west, and the result has been neglect of infrastructure in many areas. Outside help was only just starting to reach Derna on Tuesday, more than 36 hours after the disaster struck.

Putin on Tuesday hailed India's "Make in India" Initiative at the 8th Eastern Economic Forum’s (EEF) plenary session in Vladivostok and suggested that Russian officials like their Indian counterparts should use Russian cars for driving, instead of using foreign automobile brands. Earlier on Sunday Russia hailed India's G20 Presidency and stated that the Global South led by India did not allow the war in Ukraine to take over the agenda. Putin has been one of the ardent supporters of the PM’s focus on ‘Make in India’ amid Western sanctions on Russia since the war. In June heaping praises on PM Narendra Modi Putin had said “Our friends in India and Prime Minister Narendra Modi, a great friend of Russia, a few years ago presented a concept — «Make in India». And it had a very visible effect on the Indian economy.” At another EEF session Putin said that the government will not allow the pace of development to slacken in the Russian Far East as it is a strategic region for the country.

lending in the segment where the demand is for loans of up to ₹5 lakh, its chairman said. The state-owned lender will press the pedal on its 'Prayaas Programme' that targets businesses that are looking for loans between ₹1 lakh and ₹5 lakh, which are not served by other established lenders such as banks and even non-banking finance companies in general. «The development finance institution is ramping up the lending between ₹1 lakh to ₹5 lakh as this sector is underserved,» said SIDBI chairman S Ramann. «Total MSME credit in the country is about ₹24 lakh crore.

The launch of Russia’s CBDC, the digital ruble, will help spur de-dollarization, a former government minister has claimed.

Indian information technology companies such as Wipro, Genpact and Tech Mahindra are attempting to build ethical safeguards in artificial intelligence products on their own even as they remain open to industry collaboration on establishing standards.This comes in the absence of regulatory frameworks around artificial intelligence (AI) in the country so far, while companies believe ethical safeguards are key to fostering trust in AI

The High Court of Australia will on Wednesday morning decide whether Qantas illegally sacked nearly 1700 ground staff during the pandemic. Employers across the country will be watching the ruling closely.

The United States exported more liquefied natural gas (LNG) than any other country in the first half of 2023 (1H23), according to data from CEDIGAZ, amid strong global demand particularly from Europe.

Vodafone Idea has introduced Vi Priority, a service aimed at retaining its high paying post-paid customers, as it finds the segment increasingly vulnerable to poaching by competitors Bharti Airtel and Reliance Jio which have rolled out 5G services in various parts of the country. The new feature is available for post-paid subscribers of plans of ₹699 and above a month and includes facilities such as premium call centre service and priority service at all physical Vi stories, the telecom operator said.