Country Financial News

ISRO on Monday said the Chandrayaan-3 mission's lander module has established communication with the Chandrayaan-2 orbiter, and released images of the lunar far side area captured by the Lander Hazard Detection and Avoidance Camera (LHDAC). Referring to the expected touchdown, former ISRO chairman G Madhavan Nair kept his fingers crossed and said it's a very complex manoeuvre and one has to be cautious as all systems have to work in unison for its success. Nair, who headed the space agency when Chandrayaan-1 mission was launched in 2008, said a successful landing would herald a big beginning for ISRO's next phase of planetary exploration.

(Reuters) — Cracks are forming in a global stocks rally, with surging bond yields, rising energy prices and intensified worries over China’s economy among the factors sapping investors’ risk appetite following months of gains in equity markets.

Siddaramaiah on Monday said the government would form a committee to formulate a state education policy within a year while continuing the existing system for now. A week ago, he had announced that the state would scrap the National Education Policy (NEP), provoking dire warnings from the BJP about the move «taking the state backwards by several decades.» Addressing a Karnataka Pradesh Congress Committee (KPCC) meeting, the CM said that as education was a state subject, the centre could not legally formulate country-wide laws about it. «The NEP has been created without consulting the states,» he added.

Delhi court will hear on August 29 a case related to the Pul Bangash killings during the 1984 anti-Sikh riots in which Congress leader Jagdish Tytler is an accused. Additional Chief Metropolitan Magistrate Vidhi Gupta Anand adjourned the matter for a week, after the CBI sought time to advance arguments on an application moved by Tytler, who sought certain documents.

Germany’s central bank anticipates that the country’s economy, Europe’s biggest, will be more or less stagnant again in the current quarter

Australia has witnessed a boom in family offices over the past decade as the country’s long recession-free streak delivered untold wealth to the richest families, new data shows.

India and the 10-nation bloc Asean on Monday said they have directed their officials to intensify their efforts to conclude the review of the existing free trade agreement in goods between the two regions by 2025. The issue was discussed during the twentieth AEM (Asean Economic Ministers)-India Consultation meeting, held at Semarang, Indonesia. According to a joint media statement, the meeting welcomed the progress of the review of the Asean-India Trade in Goods Agreement (AITIGA).

Cuba in early August announced it was taking a major step towards electronic banking and a «cashless» society, the offices of fledgling small businesses across the communist-run country were left scrambling to figure out how to respond. Most alarming to many budding entrepreneurs was a new 5,000 peso ($20) daily cap on cash withdrawals for businesses, one of several measures the government said were aimed at forcing Cubans to do their transactions electronically, via transfer, online payment and bank cards.

Monday, August 21, April 2023  – Crypto prices might be dumping, but fantasy sports-focused gaming platform Battle Infinity’s IBAT token has risen 150% in the past seven days. 

superstar Rajinikanth when asked about his Lucknow visit experience. The legendary actor visited Ayodhya on Sunday and said his «long-cherished dream has come true». «It was very good,» he said about his meetings with several political leaders in the state.

Silver prices fell significantly in recent weeks, dragged down by concerns over Chinese demand, a strong recovery in US yields, and a firmer dollar. In the benchmark London Spot market, prices corrected more than 12% in the last one month while losses were limited to 9% in domestic futures due to a weak Indian rupee. Silver returned to the limelight in May when prices surged to near one-year high.

Storm Hilary on Sunday evening, saturating areas from the coastline to the inland mountains and deserts. This led to rescue operations in response to rising rivers and compelled some of the largest school districts in the country to cancel classes on Monday. Hilary caused intensified precipitation to the region, resulting in considerable rainfall in mountainous and desert locales. Some of these areas received over half of the average annual rainfall in just a single day. Notably, Palm Springs, a desert resort city, received nearly 3 inches of rainfall by Sunday evening. The storm's impact included the uprooting of trees and the triggering of mudslides in the San Diego vicinity. As President Joe Biden prepared to travel to Hawaii on Monday to assess the aftermath of devastating wildfires in Maui, he urged all individuals in the storm's path to exercise caution and adhere to the guidance provided by state and local authorities.

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, signed a power purchase agreement (PPA) for 9MWp on-campus solar plant with Tata Motors’ Pantnagar plant in Uttarakhand, the company said in a statement. This solar plant will be the largest on-campus solar facility in the state, it added. The solar installation includes an effective approach towards Tata Motors sustainable future goals, with an estimated carbon emission reduction of 25 tonnes of CO2/kWp in Uttarakhand.

₹4,350 crore revenue this financial year, and ₹5,220 crore next year. The company has signed a performance-based MoU with the ministry of new and renewable energy (MNRE) in this regard.

Chandrayaan-3's lander module has been established. "‘Welcome, buddy!’ Ch-2 orbiter formally welcomed Ch-3 LM. Two-way communication between the two is established.

Narendra Modi on the sidelines of the 15th BRICS Summit in South Africa, Foreign Secretary Vinay Kwatra has said that the Prime Minister's schedule is still being developed. Ahead of Prime Minister Narendra Modi's visit to South Africa and Greece, Kwatra, in a special press briefing said, "As I mentioned in my remarks, the host country South Africa has invited a large number of guest countries, besides of course the BRICS members who would be present there." "The Prime Minister's schedule in terms of bilateral meetings with those leaders who would be present in South Africa is still being developed," Kwatra said.

Investing.com -- Stock futures inch into the green, hinting at an early rebound for equities following a losing week on Wall Street. Video conferencing group Zoom is due to report its latest quarterly earnings on Monday, while semiconductor giant Nvidia is on deck to unveil results on Wednesday. Elsewhere, China rolls out a new lending rate cut, but policymakers still face calls to do more to support the country's sputtering economic recovery.

By Natalie Grover

Uttar Pradesh has transformed from being a 'Bimaru' state to become a prime investment destination in the past six years, Chief Minister Yogi Adityanath said on Monday. 'Bimaru' is used to refer to Bihar, Madhya Pradesh, Rajasthan and Uttar Pradesh, the states that are laggards in a number of economic growth indicators in the country. In a marked departure from its reputation just six years ago, the state has become a prime investment destination within the country, drawing substantial domestic tourism and securing significant funds from banks for industrial growth, Adityanath said while launching the Micro Entrepreneur Accident Insurance Scheme on the occasion of the World Entrepreneurship Day.

A study conducted by virtual currency gambling platform cryptogambling.tv looked at the highest number of internet searches involving a number of crypto-related terms and then ranked these numbers according to population size.

Currently, the country's population stands at 1.4 billion, which is about 18 per cent of the global total. Businessman Nithin Kamath, who recently made it to the Forbes World's Billionaires List of 2023 with his business partner and brother Nikhil, shared a dangerous assumption that can hamper the founders and investors in the country. The assumption that a certain percentage of India's population will become customers due to a similar trend in developed countries is risky for founders and investors.