Country Financial News

Bharat Forge(up 2.77 per cent), Sona BLW Precision Forgings(up 1.2 per cent), Eicher Motors(up 0.35 per cent), TVS Motor Company(up 0.31 per cent) and Bosch(up 0.26 per cent) were among the top gainers. Tata Motors(down 0.92 per cent), TIINDIA(down 0.67 per cent), Mahindra & Mahindra(down 0.61 per cent), Hero MotoCorp(down 0.37 per cent) and Ashok Leyland(down 0.32 per cent) were the top losers on the index. The Nifty Auto index was down 0.13 per cent at 15487.1 at the time of writing this report. Benchmark NSE Nifty50 index was down 12.4 points at 19384.05, while the BSE Sensex was down 49.31 points at 65170.72. Among the 50 stocks in the Nifty index, 21 were trading in the green, while 28 were in the red. Shares of Suzlon Energy, YES Bank, Reliance Power, Easy Trip Planners and Alok Industries were among the most traded shares on the NSE. Shares of AB Cotspin India, Country Club Hospit, Birla Cable, Baheti Recycling Ind and ABB Power hit their fresh 52-week highs in today's trade, while Jio Financial Servic, Allcargo Terminals, Rachana Infrastructu, Yasons Chemex Care and AKG Exim Ltd.

Microsoft has revamped its bid to buy video game maker Activision Blizzard to appease British competition regulators

unemployment rate, RPG Group Chairman Harsh Goenka has highlighted another key issue that is affecting his business. He believes that while people are complaining about unemployment, his company is facing a shortage of 'skilled' workers. According to Goenka's post on the X platform (formerly known as Twitter), "We want construction workers- we can’t find enough! We want truck drivers- huge shortage! We want plantation workers- they are not available! Can’t understand solution".

The Lottery Corporation chief executive Sue van der Merwe said the aggressive marketing of offshore lotteries has not had a financial impact on the $11.5 billion giant, but claimed the advertising push was concerning newsagencies that a cut from local competitions.

BRICS summit in South Africa later this year. The motivations behind this inclination toward BRICS are rooted in developing nations' dissatisfaction with the stringent conditions imposed by Western-dominated institutions.

Also read: Chandrayaan 3: What is India's mission to moon? Why is it important? Ansari emphasised the importance of not only focusing on education but also promoting scientific advancement. He stated that it is important that students and teachers in Madrasas are made aware of India's unforgettable achievement. The Madrasas in Uttar Pradesh are making significant strides in development under the guidance of the Chief Minister.

rupee ended 17 paise higher at 82.94 a dollar. Investors will keenly watch for clues on the outlook for interest rates from US Federal Reserve Chairman Jerome Powell's speech on Friday at Jackson Hole, Wyoming. “Rupee is likely to depreciate today amid a firm dollar and on expectation of disappointing economic data from major countries across the globe.

The White House has confirmed that US President Joe Biden will travel to New Delhi from 7 to 10 September for the G20 Leaders’ Summit. “President Biden and G20 partners will discuss a range of joint efforts to tackle global issues, including on the clean energy transition and combatting climate change, mitigating the economic and social impacts of Putin’s war in Ukraine, and increasing the capacity of multilateral development banks, including the World Bank, to better fight poverty, including by addressing global challenges. While in New Delhi, President Biden will also commend Prime Minister Modi’s leadership of the G20 and reaffirm the U.S.

Chandrayaan-3 is poised to make an indelible mark in history by successfully landing on the unexplored southern region of the Moon. Chhattisgarh Chief Minister Bhupesh Baghel lauded the significance of this feat, crediting India's first prime minister Jawaharlal Nehru's vision. The Indian Space Research Organisation (ISRO), the organisation in charge of Chandrayaan-3, was set up under Nehru in 1962.

Iran’s Defense Ministry has unveiled a drone resembling America’s armed MQ-9 Reaper, claiming that the aircraft is capable of staying airborne for 24 hours and has the range to reach the country's archenemy Israel

A North Korean commercial flight has taken off from Beijing in a sign that Pyongyang is its opening its borders again after almost three years of severe COVID-19 restrictions

Oil prices eased in early trade on Wednesday, weighed down by fears U.S. interest rates could stay higher for longer and economic growth could slow further in top crude importer China and hurt fuel demand. Brent crude dipped 17 cents, or 0.2%, to $83.86 a barrel by 0031 GMT while U.S.

India's Chandrayaan-3 on the Moon's South Pole. Regardless of religious boundaries, individuals are coming together to lend their support to the Chandrayaan-3 mission. This demonstration of solidarity is extending worldwide, with people participating in prayers, offering religious observances, and engaging in diverse rituals to foster its success. According to Indian Space Research Organisation (ISRO), the Chandrayaan-3 is set to land on the moon today, around 18:04 hours IST. From the Parmarth Niketan in Rishikesh to United States, special rituals, prayers, and ceremonies are being conducted to invoke blessings for Chandrayaan-3's success. Religious ceremonies spanning various faiths are being conducted across India to seek blessings for the success of Chandrayaan-3's groundbreaking mission. A Ganga Aarti was dedicated to India's lunar mission.

Narendra Modi played up India’s economic growth story during his remarks at the BRICS Business Forum Leaders’ Dialogue in Johannesburg on Tuesday. Modi is visiting South Africa for the 15th BRICS Leaders’ Summit. The prime minister said there was no doubt that India would be a growth engine for the world.

Chandrayaan 3 spacecraft is expected to land on the Moon's surface at around 18:04 hours IST. Chandrayaan-3 is the follow-up mission of 2019's Chandrayaan-2 Mission which was partially successful as per the ISRO. In the previous Moon mission, the Vikram lander of the Chandrayaan-2 crashed while attempting the soft landing on the Moon's surface due to a technical glitch.

Climate change more than doubled the chances of the hot, dry weather that helped fuel the unprecedented wildfire season in eastern Canada that's driven thousands from their homes and blanketed parts of the US with choking smoke, according to an analysis released Tuesday. What's more, human-caused climate change made the fire season in Quebec — from May through July — 50% more intense than it otherwise would have been and increased the likelihood of similarly severe fire seasons at least sevenfold, researchers said. «The biggest takeaway is, this is because of us that we have seen so many fires this year,” due to greenhouse gas emissions, said Yan Boulanger, a research scientist in forest ecology for Natural Resources Canada. He was one of 16 researchers who collaborated on the analysis for World Weather Attribution, an initiative that aims to quickly evaluate the role of climate change in the aftermath of extreme weather events. Canada is in the middle of its worst wildfire season on record, with more than 5,800 fires burning over 153,000 square kilometers (59,000 square miles) from one end of the country to the other, according the Canadian Interagency Forest Fire Centre.

Joe Biden and slew of other world leaders will visit India in the second week of September for the G20 Summit. The main event will be held in the national capital on on September 9-10 and is likely to be attended by 29 heads of states as well as top officials of the European Union and invited guest countries and 14 heads of international organisations. Multiple hotels in the Delhi-NCR have been earmarked for attendees.

Power stocks were among the top gainers on Tuesday, riding the bullish momentum in the past month, as investors bet that the government's increased thrust on manufacturing would boost the demand for energy. The BSE Power Index, which gained 10% in the last month, rose 1.5% on Tuesday.Analysts believe the favourable government policies for the sector, continued peak power deficits and the country's shift towards clean energy will drive the re-rating of power stocks.

Global Capability Centers (GCC), or captive technology facilities of large global lenders and MNCs, such as Citi, Deutsche Bank and T-Systems, are strengthening their Indian presence in their 2.0 avatar after having partially scaled down operations in the country around 10-15 years ago. The global captives had sold a part or even their entire operations to Indian IT companies, mostly during the global financial crisis, to focus on core operations instead. But they now see India as a crucial profit and value-addition centre, helping their global headquarters in finance, supply chain, research and development (R&D) operations, building digital and artificial intelligence (AI) capabilities. Deutsche Bank, which sold their captive to HCLTech in 2004, said its GCC has already onboarded over 2,500 hires so far this year and expects the trend to continue in the similar range for the rest of the year.

Australia’s superannuation sector is not prepared for the nearing demographic cliff when the bulk of members’ capital shifts to drawing-down income, one of the world’s largest private capital managers warns.

Russian President Vladimir Putin has taken multiple shots at the West on the opening day of an economic summit in South Africa