Indian Financial News

fastest-growing economy in the world? Not India. It is Guyana. The country's GDP is expected to grow 38% in 2023, after registering growth of 62% in 2022 and averaging over 30% in the two years before that.

Manipur. He is survived by his wife & 2 children," the Public Relations Officer (PRO) and spokesperson, Ministry of Defence, Nagaland, Manipur & Rest of Arunachal Pradesh wrote on X (formerly Twitter). Sepoy Kom's 10-year-old son is the only eyewitness to his abduction and he claimed that three men came to his house while he and his father were working on the porch.

Maruti Suzuki, Bajaj Auto, TVS Motor Company and Eicher Motors are among Indian automakers working on range of eco-friendly technologies, including biogas, flex-fuel and ethanol, to achieve the government’s goal of clean mobility in line with the Global Biofuels Alliance (GBA) announced at the G20 Summit. While two-wheeler makers such as Hero MotoCorp, Bajaj Auto, and TVS are looking to commercially launch one model each running on flex fuel by October 2024, carmakers such as Maruti Suzuki are developing vehicles powered by biogas which would be carbon neutral. For passenger vehicles, the timelines for mass introduction of flex fuel vehicles have been set at April 2027 given the complex product mix and volume constraints. Vinod Aggarwal, president of industry body Society of Indian Automobile Manufacturers (Siam) said there has been significant progress in biofuels and alternate fuels. “The industry has showcased flex fuel vehicles on pilot basis in both two wheelers and passenger cars.

Defence Ministry has approved the procurement of a regiment of 'Pralay' ballistic missiles for the Indian Army for deployment along the Line of Actual Control (LAC) and Line of Control (LoC), that is, borders with China and Pakistan respectively. «This is a major decision for the Indian Army as the proposal to acquire a regiment of the Pralay ballistic missiles which can hit targets between 150-500 Km, was cleared by the recent Defence Acquisition Council meeting,» defence officials told ANI. The Army would be deploying these missiles with conventional warheads and using them in tactical roles. The decision to buy these missiles comes soon after a similar proposal was cleared by the government for the Indian Air Force, they said. As per sources, the acquisition of these ballistic missiles is being seen as a big development for the country which now has a policy that allows the use of ballistic missiles in tactical roles. «Both China and Pakistan have ballistic missiles which are for tactical roles.

Airbus C295 medium tactical transport aircraft in India will be a «game changer» as it would facilitate the creation of a world-class aerospace ecosystem in the country that would help in manufacturing other planes in the long-run, Indian Ambassador to Spain Dinesh K Patnaik said here. The Indian Air Force received the first C295 aircraft on Wednesday, two years after New Delhi sealed a Rs 21,935-crore deal with Airbus Defence and Space to procure the planes. Under the deal, Airbus will deliver the first 16 aircraft in 'fly-away' condition from its final assembly line in Seville by 2025 and the subsequent 40 aircraft will be manufactured and assembled by Tata Advanced Systems (TASL) in India as part of an industrial partnership between the two companies. «The C295 project will be a game-changer project as it will create a world-class aerospace ecosystem in India,» Patnaik told PTI in an interview. The first 'Make in India' C295 is set to come out of a production facility in Vadodara in September 2026 and the final aircraft is expected to be delivered to the IAF by August 2031. It will be the first military aircraft to be produced in India by a private consortium. Officials said India is looking at procuring more C295 aircraft to replace the Indian Air Force's ageing transport fleet. After Airbus handed over the first plane to the IAF, Patnaik said the C295 project is not only about procurement of the aircraft but it carries much more significance in terms of the creation of an aerospace eco-system in India. «We still do not have a private aerospace eco-system in India whereas all major countries have such ecosystems.

AI) software. Opened for a funding round recently, Anuj Gupta's GreenVan uses a simple WhatsApp interface. It is designed as an 'Amazon of Services' offering that intends to transform the way people book essential tasks online. It was born out of Gupta's own experience of relocating from the US to the UK around five years ago and finding the experience of sourcing reliable trade people a rather cumbersome word-of-mouth process.

Mohammed Siraj claimed four wickets in one over to rattle Sri Lanka's batting after a rain-delayed start in the Asia Cup final on Sunday. Siraj also became the first Indian bowler to achieve this feat. Pace bowler Mohammad Siraj took a total of six wickets in the match against Sri Lanka, limiting the Dasun Shanaka led team to a mere fifty runs in 15.2 overs.

FIDE World Junior Chess Championship with some of the players yet to get their visas to travel to Mexico city for the prestigious tournament beginning on Wednesday. According to sources, the players are scheduled to leave for the Mexican capital on Monday, and the delay has resulted in a lack of clarity and uncertainty regarding their participation in the global event. Speaking to PTI, FIDE Advisory Board Chairman Bharat Singh Chauhan said, «Despite all the best effort and clearance from the Indian government, we are yet to receive the clearance from the Mexican embassy, which has resulted in the delay of visas being issued. »Tomorrow (Monday), the players are scheduled to leave, and the matter has been kept hanging till the last day, with no clarity if the visas would indeed be issued on time." According to the data sheet in possession of PTI, five of the Indian players, who are being funded by the Government of India, are yet to receive their visas. The players affected are Vrashank Chouhan, Arun Kataria, Bhagyashree Patil, Prraneeth Vuppala and Femil Chelladurai, along with coaches Pravind Thipsay M and Kiran Agrawal. «It is extremely frustrating since all the Indian players are looking forward to participating in the tournament, while the contingent is also one of the strong favourites to come out on top,» Chauhan said. «The competition is being organised by Mexico's chess federation with the approval of the Mexican government, and it should be their responsibility to ensure that the embassy gives all the necessary clearance to issue the visa on time. »The Indian authorities have done their part, and it's all up to them (Mexican authorities) now.

Also Read: India vs Sri Lanka Live Score, Asia Cup 2023 Final Updates: Check India's predicted XI against Sri Lanka The much-anticipated showdown against Sri Lanka in the Asia Cup final on Sunday is seen as an opportunity to change this narrative. Under the leadership of Rohit Sharma, Team India has encountered challenges in clinching titles in international multi-nation tournaments over the past few years. The Indian cricket team, having won the World Cup twice, most recently securing the continental title in the 2018 edition of the tournament, is gearing up for a crucial match against the defending champions.

Jaahnavi Kandula in Seattle, Washington, Bollywood actor Priyanka Chopra Jonas emphasized the irreplaceable value of a human life. Kandula, aged 23, lost her life when she was struck by a police vehicle driven by Officer Kevin Dave, who was traveling at an excessive speed of 74 mph (approximately 119 km/h) while responding to a report of a drug overdose on January 23. The devastating incident occurred as Kandula was crossing a street within a designated crosswalk.

Also Read: Who was Jaahnavi Kandula, the Indian student who was killed by US cop in Seattle Seattle Police Chief Adrian Diaz also extended his condolences for the tragic passing of the 23-year-old individual. "We are here to continue to listen. We had these insensitive comments, we will ensure that it never ever occurs.

Hindustan Times, the Indian Army is also ramping up its weapons including guns, rocket systems, and missiles. Army's five-pronged strategy, which will cost thousands of crores, evolved after assessing the needs of the artillery regiments on a battlefield. Citing an official, the HT report said all regiments would be equipped with advanced 155mm artillery gun systems, inducting missiles and rockets with longer ranges, lethal ammunition, reorganisation of surveillance, and shortening the sensor-to-shooter loop for swift detection.

Brigade, on 16 September. Brigadier Dhillon informed that two terrorists were eliminated and their bodies were recovered, adding the third terrorist was killed but the retrieval of the body was interfered with by the firing from a Pakistani post in the vicinity, reported Hindustan Times. "Based on specific inputs, in a joint operation launched by the Indian Army and Jammu and Kashmir Police, an infiltration bid was foiled today in Baramulla. Three terrorists tried to infiltrate and were engaged by alert troops.

Mundra, Gujarat, according to a top company official. Gas Recovery and Recycle Limited (GR2L), an MSME (micro small and medium enterprise) business in Surrey, claims to have developed, patented and exported cutting-edge technology to reduce the energy consumption, carbon footprint and cost of manufacturing solar panels.

Indian Army on Saturday said that the Pakistani Army interfered during an anti-infiltration operation in Jammu and Kashmir's Uri sector. An official said that alert troops of the Indian Army foiled an infiltration bid on the Line of Control (LoC) in the Uri sector of Baramulla district after engaging infiltrating terrorists in a sustained gunfight in which three terrorists were killed. The army said that two bodies of the intruders were recovered while the third infiltrator's body could not be recovered because of firing from a Pakistan Army post near the LoC. «Two terrorists have been eliminated and bodies recovered while the third terrorist was killed but retrieval of the body was being interfered by firing by, Pakistani post in the vicinity, on LoC.

Indian Air Force in a recent announcement, officially declared plans to buy around 100 more made-in-India LCA Mark 1A fighter jets, giving a boost to the indigenous aerospace sector. Indian Air Force chief Air Chief Marshal VR Chaudhari announced this plan in Spain in an exclusive interaction with ANI upon receiving the first C-295 transport aircraft in Spain. Air Chief Marshal VR Chaudhari told ANI at the Airbus aircraft manufacturing facility that "The LCA was developed from the ground up for replacement of the large MiG series fleet including the MiG-21, MiG 23 and MiG-27 aircraft.

Foreign portfolio investors (FPIs) continued their selling streak and have emerged as net sellers so far in September, with a muted performance on D-Street on rising US bond yields and a stronger dollar. FPIs have sold ₹4,768 crore worth of Indian equities and offloaded a total of ₹2,968 crore as of September 8, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL ) data. The ₹4,768 crore-figure also includes bulk deals and investment in primary market.

G20 summit in Delhi was a “Chandrayaan landing moment” for the Indian Foreign Service as New Delhi converted a diplomatic event into “a people’s movement,” said Muktesh Pardeshi, Special Secretary in charge of summit operations, and eminent diplomats who participated in a post-summit conference. “India converted a diplomatic event into a people’s movement. It was a Chandrayaan landing moment for the foreign service,” said Pardeshi at a panel discussion on key outcomes of the September 9-10 G20 summit in New Delhi. “G20 has touched the hearts of people — that’s the real success of our Presidency,” said Mr Pardeshi, who played a pivotal role in organising around 200 preparatory meetings in the run-up to the New Delhi summit. “The transformative journey, exemplified by the G20 presidency, transcended the confines of a diplomatic event.

Indian Air Force (IAF) has officially announced its intention to procure about 100 additional Made-in-India LCA Mark 1A fighter jets. During his visit to Spain, Air Chief Marshal VR Chaudhari, the Chief of the Indian Air Force, made this announcement while receiving the first C-295 transport aircraft. Speaking to ANI, he underscored the pivotal role of the Light Combat Aircraft (LCA) in replacing the aging MiG-series fleet, which includes the MiG-21, MiG-23, and MiG-27 aircraft. «With the retirement of these aging aircraft, it is imperative that we bolster our inventory with LCA class aircraft.

Indian Bank on Saturday announced roll out of 'IB SAATHI' initiative aimed at providing an integrated ecosystem for all stakeholders in the financial sector through the business correspondent route. The IB Sustainable Access and Aligning Technology for Holistic Inclusion (SAATHI) offers an enhanced user experience through the simplified delivery of services, encompassing both basic and value-added offerings to customers. The bank's Managing Director and CEO S L Jain launched the initiative at their corporate office, a press release said. Indian Bank, with the launch of the scheme, seeks to provide basic banking services at all centres for a minimum of four hours per day at fixed branches while the Banking Correspondents would extend their services directly at the doorsteps of the customers.

Indian Railways will be rolling out the first version of Vande Bharat sleeper trains soon. According to details revealed by BG Mallya, the General Manager of Integral Coach Factory (ICF), "Sleeper coach of Vande Bharat will be rolled out in the current financial year where the first train is under production and will be rolled out in March 2024". The Vande Bharat sleeper trains will be a significant addition to the Indian Railways fleet, as they will allow passengers to travel long distances on these high-speed trains overnight.