Indian Financial News

“We have signed a contract for 56 C295 aircrafts with the Indian Air Force, 40 of these will be fully manufactured, assembled, and maintained out of India,” Maillard told ET adding that the balance 16 aircrafts will come in fly away condition from Spain. “The first C295 aircraft will be delivered to the Indian Air Force this month itself.

₹9,005.65 crore of Indian equities, while they sold ₹9,764.20 crore --- resulting in an outflow of ₹758.55 crore. Meanwhile, DIIs infused ₹7,203.95 crore and offloaded ₹7,175.84 crore, registering an inflow of ₹28.11 crore. Domestic equity benchmarks Sensex and Nifty settled at a more than one-month high on Thursday, led by gains in banks and power stocks, with a technical breakout lending support - even as global cues were weak amid concerns over higher interest rates for an extended period.

Nabh Shakti', a joint training exercise, was conducted in the Indian Army's elite Brahmastra Corps in the Northeast states, Army officials said on Thursday. Both Indian Army and Indian Air Force participated in the joint exercise. «Joint Training Exercise 'Nabh Shakti' was conducted in the Indian Army's Brahmastra Corps (Mountain Strike Corps) with the participation of the Indian Army and Indian Air Force to validate rapid response to dynamic operational scenarios and enhance joint acumen in multimodal operations,» Indian Army officials said in a statement. «The exercise achieved integration at all strata enmeshing operational concepts and procedures,» the official added. 17 Mountain Strike Corps has been raised by the Indian Army to carry out strike operations in enemy territory during conflicts with the adversary in eastern parts of the country.

India has never hosted anything of the scale of the G20 Summit which will happen over the weekend in Delhi, with more than 30 heads of state and 10 global organisations converging at Bharat Mandapam, the glamping new meeting venue at Pragati Maidan. By November 30, when the term of India's G20 Presidency ends, over 220 meetings would have happened across 60 cities in all 28 states and 8 union territories. Over 1.5 crore people would have been involved in these programmes or come in touch with some aspects of them. Over 1 lakh participants from around 125 nationalities would have witnessed different parts of India and interacted with Indians of different regions. How did India manage to pull off such a large-scale event spread over a year and across the country? India had all hands on deck as ministers, government officials, state governments, civil society groups, businesses and common people came together to host foreign dignitaries. It all started last February when the G20 hosting process began.The G20 secretariat

The Indian government has notified about an open-source Remote Access Trojan (RAT) called DogeRAT that is targeting Indian Android users as part of a sophisticated malware campaign. The information came to light via an advisory released by the Controller General of Defence Accounts under the Defence Ministry.

₹90,000 crore last year. Manufacturing behemoths like Samsung and Apple have not only transferred significant production lines to India but are also producing multiple models in the country, destined for global markets. But, while global manufacturers have shown a willingness to make in India, Indian manufacturers have not been as quick to explore global markets.

RBI) has been making informal inquiries with select bond market participants about the impact of allowing settlement of domestic sovereign debt on the Euroclear platform, a move that experts believe would help expand the overseas investor base for local debt and eventually lower borrowing costs through inclusion of these bonds in globally tracked indices. «They (the RBI) are not averse to the process of settlement of Indian bonds on the Euroclear platform and have been taking feedback from the market,» a source aware of the development said. «Such discussions happened earlier too — there were some concerns over a parallel yield curve developing, although the market has developed more now and is much deeper.» In most cases, bonds listed on an international index are settled on global platforms such as those offered by the Belgium-based Euroclear. Although Euroclear settlements are not mandatory for inclusion of Indian sovereign debt on global bond indices such as those offered by JP Morgan and Bloomberg Barclays, the presence of a settlement mechanism on a global platform is seen to help push the cause for inclusion.'Tax Relief Unlikely' A Reuters report, citing Bank of America Securities, said last month that index inclusion could lead to inflows of $6 to $12 billion over a period of time into India, thereby helping lower yields on sovereign debt.

settle at $90.04 a barrel on Tuesday, closing above the $90 mark for the first time since November 16, 2022. US WTI futures had gained $1.14, or 1.3 per cent, to settle at $86.69 a barrel, also a 10-month high. Investors had expected Saudi Arabia and Russia to extend voluntary cuts into October, but the three-month extension was unexpected.

bronze medal finish at the Asian Table Tennis Championships 2023 after falling short in their semi-final clash against Chinese Taipei in Pyeongchang, the Republic of Korea, on Wednesday. The Indian men's table tennis team comprising a mix of experienced as well as youth talent of Sharath Kamal, Harmeet Desai and Sathiyan Gnanasekaran lost 0-3 in the final four. The two losing semi-finalists are awarded bronze medals at the competition.

Nifty settled higher for the fourth consecutive session on the back of positive domestic macroeconomic data. As per the NSE data, FIIs cumulatively bought ₹9,994.21 crore of Indian equities, while they sold ₹13,240.07 crore --- resulting in an outflow of ₹3,245.86 crore.

Lucknow is offering an elective course on «The Wisdom of Indian Philosophy» to groom future industry leaders in their approach towards real-life tasks by deriving inspiration from India's roots, according to officials. While the course is taught in English and has some traces of modern theories, it primarily relies on the tenets of Indian philosophy derived in Sanskrit from Patanjali Yoga Sutras, Samkhya Karika, and Upanishads with references from the Bhagavad Gita. The course is created and floated by Professor Anadi Pande, who was motivated to introduce this curriculum to students in order to help them manage their selves better, reduce stress and anxiety, amongst other things, to enhance focus and improve quality of mind. «We live in a highly globalised, dynamic, and changeable world, with surfeit of information, intense competition, the acronym BANI aptly sums up its characteristics. Samkya, Yoga and Vedanta enable us to connect with our true nature, achieve peace, and have a focused mind. »A superior mind is a tremendous instrument which can not only de-stress, improve our psychosomatic condition but enable us find innovative solutions to challenges in our workplace and the material world," said Anadi Pande, course coordinator and Professor, Strategic Management, IIM Lucknow. Pande said Indian philosophy predates Thales of Miletus, who is regarded as the first Greek philosopher and creator of western philosophy, by at least a millennium.

Congress leader Rahul Gandhi will hold extensive interactions with EU parliamentarians, students and the Indian diaspora during his almost week-long visit to Europe, which began on Tuesday. Sources said Gandhi will meet and hold consultations with EU MPs on September 7 in Brussels, the first of his interactions during his visit.

G20 summit in New Delhi on September 9-10. Instead, Premier Li Qiang will represent China, according to a brief announcement from the Chinese Foreign Ministry. While the ministry's spokesperson Mao Ning chose not to elaborate on Xi's absence, he did stress China's commitment to the G20's goals of global economic cooperation.

₹8,414.44 crore of Indian equities, while they sold ₹10,139.55 crore --- resulting in an outflow of ₹1,7 crore. Meanwhile, DIIs infused ₹8,580.69 crore and offloaded ₹7,502.83 crore, registering an inflow of ₹1,077.86 crore.

Honor sees India as a “huge” market and is working with its local partners on setting up operations to tap into the opportunities in the world’s second largest smartphone market where it is seeking a re-entry, said its CEO George Zhao. “India is a huge market for everyone. We are very careful about the market.

Article 1 of the Constitution which sets the tone for the entire constitutional framework starts with both 'India' and 'Bharat.' The particular article is considered as the foundational provision that establishes the Union of India. Conversations regarding the name change has started because of reports claiming that Narendra Modi-led government is expected to bring a resolution for changing India's official name to 'Bharat' during the special session of Parliament, scheduled from September 18-22What is Article 1?

Singapore after a 17-year-old Indian student died in June during one such trip to Cambodia. Kaira Karmakar, a student of United World College of South East Asia (UWCSEA) on Dover Road, died in a road accident on June 1 while she was on an unchaperoned school trip to Cambodia's capital Phnom Penh, The Straits Times reported. She was with a group of classmates, and there were no teachers or adult representatives accompanying them. The school declined to say how many students were part of the group, the news report said. In an email sent to Kaira's parents on June 1, UWCSEA informed that their daughter had died while in Cambodia for the school's project week. As per the school guidelines, students have the option of going on an overseas field trip for project week as part of the Grade 11 curriculum, and that it is «designed to support readiness for independent life» after graduation. The process is supervised by a teacher who does not go on the trip. UWCSEA head of college Nick Alchin said in an email on June 7 that the school is planning to have an external investigation done into the accident in addition to reviewing the project week guidelines. Alchin said the final report will be submitted to the audit and risk committee of the school's board of governors, which is responsible for reviewing school processes. However, one parent told The Times that it has been nearly three months and there has been no update on the incident since the June 7 e-mail from Alchin. «The school has not informed the parents of the outcome of the investigation and obviously expects that this has been forgotten throughout the summer holidays.

Indian stock market has outperformed major markets in the world on a three-year, five-year and 10-year basis. The Nifty large cap index has delivered a 10.9 per cent annualized return over the past 10 years, compared to 6 per cent of the US index and 2.7 per cent of China's market, according to a report by ASK Investment Managers. In the last five years, Indian markets delivered 18.8 per cent annualized return, compared to 6.9 per cent of US, 12.1 per cent of Japan index, and 7.6 per cent of US index.

Indian Bank has collaborated with Nasdaq-listed IBM to deploy future ready infrastructure to enhance scalability and agility. The city-headquartered bank wanted to consolidate its front branch servers for better manageability and availability at Data Centres and Disaster Recovery centres under their 'Project Paradise' initiative. Project Paradise initiative of Indian Bank refers to — Performance Augmentation by Resource Aggregation in Distributed Environment. IBM has collaborated with Indian Bank, to accelerate its modernisation path with flexible and secure infrastructure for deploying new front-end banking applications, while addressing the business growth of the Core Banking Solution workloads of the bank, a bank statement here said. Commenting on the partnership with IBM, Indian Bank chief general manager IT and Partnership, Deepak Sarda said, «We are thrilled to work with IBM to transform our core banking environment.

Currently trades in India are settled in «T+1» or one day after the trades are initiated. Instant settlement would ensure trades are settled immediately. For foreign investors, the instant trade settlement would be optional and not mandatory, the source said. To start, the regulator would implement settlement within one hour of the trade, with instant settlement coming some months later. «By March 2024 we hope to first move towards one hour settlement cycle, since exchanges and clearing corporations say they need more time to work on the systems for instant settlement,» the source said. India is the second country after China which operates on a short settlement cycle of one day.

₹6,833.29 crore, resulting in an outflow of ₹3,367.67 crore, according to NSE data. Domestic institutional investors (DIIs) bought equities worth ₹10,461.54 crore and offloaded shares worth ₹7,898.06 crore, resulting in an inflow of ₹2,563.48 crore, the exchange data showed. The BSE benchmark Sensex climbed 240.98 points, or 0.37%, to end at 65,628.14.