Country Financial News

Tata Sons said on Sunday that India’s B20 presidency worked under the theme of PM Narendra Modi’s vision of ‘Vasaudeva Katumbakam’ (One Earth, One Family, One Future). India also handed over the B20 presidency to Brazil to host G20 Summit in 2024. Addressing the G20 Summit, N Chandrasekaran said, "India's B20 Presidency under the G20 Presidency worked under the theme of PM's vision of 'Vasaudeva Katumbakam' (One Earth, One Family, One Future).

Rakshabandhan, the cherished festival celebrating the bond between siblings, approaches, an unexpected trend is taking over the festivities. As per a TOI report, the enthusiasm surrounding Chandrayaan-3, India's lunar mission, is extending its influence to this year's Rakshabandhan, with markets now featuring rakhis inspired by the cosmic expedition. Following the widespread jubilation and national pride over the triumphant landing of ISRO's Vikram lander on the moon's southern pole, rakhi artisans are producing a distinctive line of rakhis adorned with Chandrayaan-3 motifs. Labeled with titles such as 'Bharat Ka Vikram Ab Chand Par' (India's Vikram on the Moon) and 'Chand Bharat Ka Hua' (When India Touched the Moon), these specialized rakhis have already made their debut in the markets across the country. Mohd Quadir, a rakhi designer and supplier, told TOI, «The mission's success sparked significant interest among buyers, driving them to request Chandrayaan-3 themed rakhis.

Tent Pegging World Cup held in South Africa. Tent Pegging is a cavalry sport wherein the rider is supposed to pick a wooden block, placed on the ground, with a spear.India, who secured a podium finish on Saturday, had finished at the sixth and the seventh spots in the last two editions of the Tent Pegging World Cup. The most recent edition — fourth — was originally slated to be held in 2022, but was delayed due to the COVID-19 pandemic. The International Tent Pegging Federation comprises 29 countries, which earn World Cup qualification while being divided in groups of four teams each. During its general assembly in Oman, a draw was conducted for each national federation to pick a group.

Narendra Modi on Sunday hailed Indian athletes' performance at the World University Games in Chengdu, saying they had done the nation proud by returning home with a record haul of 26 medals. India won 11 gold, five silver and 10 bronze, the best ever performance by the country's sportspersons in WUG, which was held in the Chinese city from July 28-August 8. Speaking on Mann Ki Baat, the PM said, «India displayed its best performance in the Games (WUG) this time.

European Central Bank to follow suit with its 9th consecutive rate hike, reaching levels not seen since 2001. While these actions were somewhat anticipated, they have inadvertently created a challenging situation for India's central bank. India finds itself at a critical point as its interest rate differential with the US has notably narrowed (see Figures 1 & 2 wherein government bond yields have been used as proxies for interest rates).

All India Chess Federation (AICF) president Sanjay Kapoor said Indian chess has entered the «golden era» and the country will have over a hundred Grandmasters within two years. For years, five-time World Champion Viswanathan Anand dominated the conversation on Indian chess and rightly so. However, the dynamics have changed in the past decade with youngsters like R Praggnanandhaa, D Gukesh and Arjun Erigaisi making rapid progress in the international arena. «There was one Vishy (Anand) before but now I believe the golden era of chess has started in India,» Kapoor told PTI. «Anand is a stalwart of the game.

New Delhi: India’s external affairs minister S Jaishankar on Sunday emphasised on the need for “re-globalisation", as the world recovers from shocks caused by the coronavirus pandemic and conflicts. Speaking at the B20 Forum on Sunday, Jaishankar said that this new globalisation will rely on distributed production centres and resilient supply chains. India’s top diplomat stated that the earlier iteration of globalisation, which took place over the last four decades, concentrated economic power and production in certain countries.

G20 Summit that is scheduled to take place from September 9 to 10 in the national capital. It is likely to be attended by more than 30 heads of state and top officials from the European Union and invited guest countries and 14 heads of international organizations.

renewable energy, energy storage, telecommunications, defence and healthcare. In June this year, India became a member of the coveted critical minerals club - the Mineral Security Partnership. The announcement was part of a joint statement by prime minister Modi and president Joe Biden during the former's recent US visit.

Prime Minister Narendra Modi emphasized the importance of using artificial intelligence (AI) in an ethical manner. PM Modi also proposed the idea of designating an annual 'International Consumer Care Day' and shifting from carbon credit trading to adopting 'green credit'. Modi further stressed that India has become the face of the digital revolution in the era of Industry 4.0, and also holds an important place in building an efficient and trusted global supply chain.

Jan Dhan Yojana (PMJDY), the government's financial inclusion programme, crossed 500 million in August, said Vivek Joshi, secretary-financial services, Ministry of Finance. The scheme, launched by the Prime Minister Narendra Modi to enable financial inclusion, completes nine years on 28 August 2023. As of 16 August, Joshi said, the total number of PMJDY accounts stood at 500 million, up from 147.2 million at the end of March 2015.

Narendra Modi said on Sunday. Speaking at the 104th episode of Mann Ki Baat, the prime minister's monthly radio outreach programme, Modi termed the Indian presidency of G20 as 'people's presidency'. He said that the country is fully prepared to host the G20 Leaders Summit in September that will see 40 heads of states and several global organizations make their 'biggest participation ever in the history of the G20 Summit.' "Among the eleven engagement groups of G20, academia, civil society, youth, women, our parliamentarians, entrepreneurs and people associated with urban administration played an important role," Modi said.

Narendra Modi on Sunday addressed the B20 summit in Delhi. The three-day-long summit of G20's business forum will come to an end today evening. The Business 20 Summit is the official G20 dialogue from the global business community.

Taking a jibe at Amit Shah over his red diary statement, Rajya Sabha MP Kapil Sibal questioned that if the Union Minister really has the ‘red diary’ then why doesn't he reveal the corruption details. Sibal told news agency ANI, "Does he have the red diary. Amit Shahji, can you tell me if you have the red diary.

Narendra Modi reiterated that Chandrayaan-3 is ISRO's big success. But other than ISRO, MSMEs and private companies also contributed in the mission, he said. PM Modi at B20 Summit LIVE Updates "ISRO played an important role but along with it, the Indian industry, MSMEs and private companies also contributed to this mission.

Rishi Sunak could face some transparency questions related to wife Akshata Murty's Infosys shares, worth an estimated 500 million pounds, in a proposed free trade agreement (FTA) with India, according to a media report. 'The Observer' claims the Opposition Labour Party and trade experts are questioning the full financial impact as Infosys, the Bengaluru-headquartered software service major co-founded by Akshata's father Narayana Murthy, stands to benefit from any such trade deal. India and the UK have been negotiating an FTA, now in its 12th round of negotiations, as Sunak prepares for his first visit to India as British Prime Minister for the G20 Leaders' Summit next month. «As the Prime Minister recently learned, it's important he declares any interests properly.

India assumed the presidency of the G20. India had already bolstered its international reputation with its vaccine diplomacy, by playing a constructive role in climate change discussions, and by being the fastest-growing economy. For its presidency, India adopted the ancient Sanskrit shloka «Vasudhaiva Kutumbakam,» signifying «One Earth, One Family, One Future,” as its theme. This emphasises sustainable, responsible choices for both individuals and governments, aiming for a just and equitable world.

Brazil on Sunday and said «exciting times ahead as we continue shaping global business priorities together.» Prime Minister Narendra Modi delivered a keynote on the last day of the summit which is the official dialogue platform between the G20 and the global business community.PM Modi's address came in the context of India handing over the B20 presidency to Brazil, marking a transition in the leadership of this influential dialogue platform. The B20 summit is the official G20 dialogue forum with the global business community. Established in 2010, B20 is among the most prominent Engagement Groups in G20, with companies and business organisations as participants.

The major cryptocurrency exchange, Coinbase, has made the formal announcement that it will be expanding its operations into the Canadian market. This monumental step is denoted by the incorporation of Interac payment rails, the partnership with leading banking and payment partners, and the launch of Coinbase One, a 30-day trial that provides customers in Canada with perks that are not available to users in other countries.

By Howard Schneider, Ann Saphir and Balazs Koranyi

One of the most contentious debates you can have with an oil trader these days is about U.S. production. Many “long crude”, the market parlance for those betting on higher prices for a barrel, simply refuse to swallow the government line that output, which was virtually unchanged for over a year, had suddenly jumped a half million barrels per day in one week — and growing since.