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Narendra Modi in his Independence Day speech on 15 August and rubber-stamped by the Union cabinet a day later, arguably marks a watershed in the development of India’s vast, almost entirely unorganized and hugely underserved traditional skills and crafts sector. With an outlay of ₹13,000 crore spread over five years, it aims to provide loan assistance of up to ₹3 lakh in two tranches, at a concessional interest rate of 5% per annum.

«An NRI can invest in the Indian stock market, but there are certain restrictions on which. So, under the RBI's PIS scheme, an NRI can invest in the Indian stocks but there is a restricted list of stocks in which they can invest into, but that is pretty much a broad list and it covers good quality stocks that they can invest into,» says Shweta Rajani, Anand Rathi Wealth.Let us start with the basics. In financial terms who is an NRI and where NRI can make investments? What sort of investments are allowed for NRIs in India? So, starting with who is an NRI.

Nirav Karkera, Head of Research, Fisdom, says if you have less than five years to retire, you should definitely build a corpus utilising slightly equity-oriented products but not very heavily equity-oriented and even within equity, do not go towards the farther end of the markets that are midcaps or smallcaps; stick to less volatile largecaps and blue chips.”If somebody is already a senior citizen, what should they keep in mind while putting fresh money into different asset classes that are available? Also, what are the key points they need to be noting given the requirements in times ahead?For a senior citizen, life is not very different from any other investor irrespective of whether a senior citizen or not and the basics apply to them as well. So, the number one point that most people do not really recognise is that investing decisions do not start with finding the right product or the most exciting investment opportunity, but with assessing your own self, your own financial condition, your risk profile, your objectives and your appetite for volatility or risk.

Automobili Pininfarina B95 derives its name from ‘B’ for Barchetta and will mark production and delivery to clients beginning in 2025, the 95th anniversary of legendary design house Pininfarina SpA. During the ongoing Monterey Car Week, the recently revealed Battista Edizione Nino Farina hyper GT and the PURA Vision design concept were also showcased. Mahindra Group Chairman Anand Mahindra has also shared a video clip of the car via his Twitter account.

New Delhi: Water level in India's key reservoirs slipped below the 10-average, a first this monsoon season, as rainfall activity turned sluggish across many parts of the country. According to data from the Central Water Commission (CWC), water level at 146 reservoirs as on Thursday was at 111.285 billion cubic metres (bcm), 62% of their combined storage capacity. The level was unchanged week-on-week, but was lower than 135.88 bcm a year ago, and less than the 10-year average of 112.92 bcm.

Indian Railways has approved an increase in train speeds between Arakkonam and Jolarpet, reducing travel time between Chennai and Bengaluru, among other destinations. Following upgrades to tracks and signals, trains on this 144-kilometer stretch will now operate at speeds of 130 km per hour (kmph), up from the previous 110 kmph. As per a TOI report, this acceleration is anticipated to cut travel time by approximately 20 minutes.

Also read: Manipur: Landslides block highway, at least 500 trucks stranded On August 5, separate shooting incidents between the Meiteis and Kukis communities in Bishnupur and Churachandpur districts led to the tragic deaths of five individuals - three Meiteis and two Kukis. Also read: Independence Day 2023: ‘Nation is with Manipur’, says PM Modi at Red Fort Tensions ignited in Manipur on May 3 when Kuki groups protested against proposed modifications to the state's reservation matrix, which aimed to grant scheduled tribe (ST) status to the Meitei community.

diamond merchant and his wife in Gujarat's Surat have decided to renounce the materialistic world, five years after their 12-year-old son adopted monkhood. Incidentally, just like their son, who rode a Ferrari for his diksha ceremony, the couple drove a Jaguar for the same purpose.Dipesh Shah (51) and his wife Pika Shah (46) were following in the footsteps of their son Bhagyaratna Vijayji, then known as Bhavya Shah, to become monks. Incidentally, their daughter had adopted monkhood a decade ago and became Pararthrekha Shriji.

Bloomberg reported. Here are five things to watch as they gather Aug. 22-24 in Sandton, the business hub in the city’s wealthy northern suburbs: 1.

Stock split 2023: EFC (I) shares are one of the multibagger stocks on Dalal Street that Indian stock market has delivered in recent years. This BSE-listed stock has risen near 1600 per cent in last four years. but, this is not the end for shareholders of this small-cap stock.

freight market may finally be finding a bottom. Shippers shouldn’t count on a return to the go-go days of Covid, but resilient US consumers offer a way out of the morass. Bank of America Corp.’s biweekly short-term truckload demand indicator increased 10% in the period ending Aug.

YouTube of restricting or removing videos from Black and Hispanic content creators because of their race. US District Judge Vince Chhabria in San Francisco said that although the idea that YouTube's algorithm could discriminate based on race is plausible, the plaintiffs «do not come close» to suggesting they suffered any discrimination.

«India is now a growth market. We are coming out of a phase from 2018 to 2022 when the economy was not really growing. Now, with the help of government's impetus on infrastructure, on manufacturing, the economy is picking up,» says Aditya Shah, Founder, Hercules Advisors.Typically investors look at stocks that are going to give them high returns over a short period of time and this is typically what the story would have been in midcap stocks but certainly in recent times, the kind of decline that we have seen in the midcap universe over a span of five years, that trend is reversing especially with foreign investors. They have this added interest despite the kind of premium valuations in that universe. Why do you think this is happening?It is very simple.

Martin Scorsese has backed a petition against the jailing of prominent Iranian movie director Saeed Roustaee for screening a film at the Cannes Film Festival. Scorsese, the Oscar-winning director of «Taxi Driver» and «Goodfellas,» reposted a campaign launched by his daughter Francesca this week after news of Roustaee's prison sentence emerged. «Please sign this petition to bring justice to Saeed,» Scorsese wrote on Instagram.

Sensex and Nifty ended over half a percent lower each dragged by weak global cues. The Nifty index slipped 99 points to end at 19,365. The index found support at 19,300 level during the day.

Day trading guide for today: Following weak global market cues, Indian stock market finished lower on Thursday. NSE Nifty went down 99 points and ended at 19,365 levels, BSE Sensex lost 388 points and closed at 65,151 mark whereas Bank Nifty index went off 55 points and closed at 43,891 levels.

A mango and mandarin stall at Sydney’s Flemington Markets is at the centre of a scheme that falsified revenues, profits and invoices to steal more than $15 million from Westpac over five years, the bank alleges.

RBI wrote in its State of the Economy article. The annual retail inflation sharply rose to a 15-month high of 7.44% in July from 4.87% the previous month, fuelled by a sharp jump in vegetable and cereal prices.

PGA Championship 2024 is slated to happen from May 13 to 19, 2024, at Valhalla Golf Club in Louisville, Kentucky. It's the second major event of the year, showcasing top golf talent. Defending champion Brooks Koepka returns after winning the 2023’s championship at Oak Hill Country Club. This marked his fifth major victory, solidifying his elite status. Valhalla Golf Club, the 2024 venue, has a history of hosting championships. It held the PGA Championship in 1996, 2000 and 2014, along with the 2008 Ryder Cup. Established in 1986, Valhalla is known for its excellence. The championship's past highlights luminaries like Walter Hagen and Jack Nicklaus, each with five wins. Hagen's four consecutive match play victories from 1924 to 1927 are impressive. Tiger Woods' back-to-back stroke play wins in 1999-2000 and 2006-2007 are also legendary. Specifics of the PGA Championship 2024 schedule are undisclosed. However, excitement surrounds the event. With confirmed dates and Valhalla Golf Club as the host, anticipation is high. The championship's history with iconic moments and champions builds excitement. Golf enthusiasts worldwide eagerly anticipate watching top players on this grand stage. The PGA Championship's competitive legacy ensures the 2024 edition will be extraordinary.

BCCI) notched up FY21 revenue of '4,739 crore, falling only marginally from '4,972 crore the year before, the government said in Parliament on August 8 in reply to a question. A year later, as normalcy returned, the BCCI's revenue surged to '7,606 crore, consolidating its position as the richest cricket administrator. It paid '1,159 crore in tax, up from '845 crore a year earlier.

By Gram Slattery