Indian Financial News

demonetization, contracted by 7% as a result of a poorly executed pandemic lockdown, making it one of the world’s worst-performing economies. As a result, from 2020 to 2023, India’s average annual growth turned out to be less than 4%, which is not bad for a phase of global economic turmoil, but far less impressive than recent figures suggests, let alone slogans and headlines. Furthermore, the benefits of this growth are going almost entirely to the rich.

In a major reshuffle, the UK’s Opposition Labour Party leader Sir Keir Starmer on Monday demoted Indian-origin shadow ministers Lisa Nandy and Preet Kaur Gill among others. Nandy, the member of Parliament for Wigan and daughter of Dipak Nandy – a Kolkata-born academic well-known for his work in the field of race relations in Britain, was removed as a shadow secretary of state and handed an international development ministerial post, which was previously held by Gill. Gill is the first British Sikh female member of Parliament in the House of Commons.

Indian Army troops in Egypt exchanged techniques and shared expertise with the other participating troops during Exercise Bright Star-23. Additional Directorate General of Public Information, IHQ of MoD (Army) informed about the troop's participation in the exercise in a tweet. They took to their social media 'X' and said, «Exercise #BrightStar 2023 #IndianArmy troops in action during Exercise #BrightStar 2023 in #Egypt. Exchange of techniques & sharing of expertise was undertaken by participating troops.

Kushal Bhurtel. The second instance involved Virat Kohli who was positioned at the cover-point and failed to hold on to a catch giving the other Nepal batter Aasif Sheikh a reprive. Next, it was wicket-keeper Ishan Kishan who missed another easy chance in the fifth over of the match.

Cashfree Payments, payments and API banking solutions company, has partnered with Jamboree, an educational consultancy, to simplify fee payments for Indian students studying overseas. The partnership leverages Cashfree Payments’ cross-border payment solution, which streamlines and digitises the entire payment process from KYC verification, payment collection, to outward remittance, an official release said. It further eliminates the need for physical bank visits, offline KYC submission and verification, providing students with a convenient, fast, cost-effective, and transparent payment experience, the release added.

Indian Bank has partnered with OneCard to introduce state-of-the-art, mobile-first, contactless, metal cobranded credit cards, OneCard said in a release today. OneCard is a metal credit card designed exclusively for mobile use that FPL Technologies launched and manages in collaboration with issuer banks.

The National Payments Corporation Of India (NPCI) — an initiative led by the Reserve Bank of India (RBI) and 247 Indian banking companies — is on the lookout for a seasoned blockchain technologist to head and investigate opportunities for blockchain in current-day payment systems.

Jasprit Bumrah and his wife, Sanjana Ganesan, are celebrating the arrival of their baby boy. Bumrah shared the joyous news on Instagram, along with a heartwarming picture. In his Instagram post, Bumrah wrote, «Our little family has grown, and our hearts are fuller than we could ever imagine! This morning we welcomed our little boy, Angad Jasprit Bumrah, into the world.

Comex is closed for trading today on account of US Labour day. Gold futures ended at $1,965.35 per troy ounce on Friday, down by $1 or 0.05% while Silver futures closed at $24.530, lower by $0.003 or 0.010%. The DXY was trading at 104.16 against a basket of six top currencies, though the bias ws negative. The October Gold futures had ended with gains of Rs 36 or 0.06% per 10 gram at Rs 59,410 on Friday while the December Silver futures closed lower at Rs 75099, down by Rs 583 per kg or 0.77%. «Gold's value increased during the week due to optimism about the Federal Reserve ending its tightening cycle as the US jobs report showed controlled cooling in the labor market, with solid hiring, slower earnings growth, and more people returning to work,» Neha Qureshi, Senior Technical & Derivative Analyst, Anand Rathi Commodities & Currencies said. On the daily chart, the October Gold contract is showing a pattern of higher highs and higher lows, which indicates a bullish sentiment while the RSI indicator is forming an upward trendline, suggesting that prices might move higher in the upcoming days, Qureshi said. The momentum indicator MACD has shown a positive crossover which signals bullish trends in the gold prices, this analyst said while putting resistance around Rs 59,600 — Rs 60,000 while support at Rs 59,150 — Rs 58,900 levels. Analyst Amit Khare Associate Vice President at Ganganagar Commodity sees some profit booking in gold with momentum indicator RSI indicating the same. His advice to traders is to book their long positions and they can make fresh short positions in gold and silver near a given resistance level.

₹500 crore mark in India's domestic box office. According to early estimates by Sacnilk.com, the film's collection in India now stands at a staggering ₹501.87 crore after its fourth week. Notably, Gadar 2 became the fastest movie to reach this significant milestone.

The Indian Army is encouraging its soldiers to engage in social service during their leave periods, contributing to the nation's development. This initiative aims to utilise the soldiers' unique skills and experiences to enhance nation-building efforts. Soldiers are encouraged to partake in activities such as educating local communities about government schemes like Swachh Bharat Abhiyan and Sarva Shiksha Abhiyan, as well as delivering talks in primary schools on topics such as hygiene, cleanliness, road safety, and patriotism stated officials in an interview with Hindustan Times.

About a third of first-time car buyers in the Indian market now drive home an SUV compared to less than a tenth a decade ago, when hatchbacks ruled the country's roads, according to industry data. The share of additional and replacement buying in the category during this period has fallen to 69% from a whopping 92% in 2014. «There is not only an increased preference for the body type, with the introduction of more compact models there is a price overlap between entry SUVs.

economic development at Dubai’s Department of Economy and Tourism, said in an interview. Under the Comprehensive Economic Partnership Agreement (CEPA), the UAE, of which Dubai is a part, and India plan to expand non-oil trade to $100 billion by 2030, from just $50.5 billion in April, he said. Dubai is in talks with Indian manufacturers who are looking at the emirate as a distribution hub, he added.

Real estate is booming and rentals more so. With companies now driving back the workforce to office post the covid pandemic, renting houses in metros has become a nightmarish experience. This is particularly true in Bengaluru, where landlords even check your Linkedin profile before signing a rental agreement. Tenants also have to deposit a big advance and pay brokerage fees before moving in.

Harmanpreet Kaur was the only Indian player to get picked in the WBBL overseas draft, being retained by Melbourne Renegades here on Sunday.

G20 Summit in India on September 9-10, they will have the opportunity to indulge in the tantalizing flavors of Indian street food and savor innovative millet dishes. This culinary extravaganza is set to take place at the Bharat Mandapam, where an array of climate-resistant and highly nutritious millet recipes, grown across the country, will be on display. Not only will this summit address crucial global issues, but it will also offer a unique gastronomic experience.

Narendra Modi extended his congratulations to the Indian Men's Hockey team for their triumphant performance in the Hockey5s Asia Cup. India's men's hockey team secured the championship title in the first-ever Men's Hockey5s Asia Cup by clinching a penalty shootout victory over Pakistan in the final. The match ended in a 4-4 tie at the final whistle, with India ultimately prevailing 2-0 in the penalty shootout.

G20 summit here will get a taste of lip-smacking Indian street food, including flavourful delicacies from Chandni Chowk, and innovative millet dishes. An elaborate spread of millet recipes has been planned for the world leaders and delegates attending the G20 summit on September 9-10 at the Bharat Mandapam, showcasing the climate-resistant and highly nutritious coarse grains grown across the country. During the summit meeting, the world leaders will also plant saplings of national plants or plant species native to their respective countries as part of efforts to create a G20 Garden in the Bharat Mandapam complex. In an interview to PTI, G20 India Special Secretary Muktesh Pardeshi said arrangements are also afoot to make the India visit memorable for the spouses of the world leaders through live demonstrative sessions on the rich handicrafts legacy of the country coupled with a shopping experience at the National Gallery of Modern Art. «Yes, in some innovative manner, there would be an introduction to street food, and local and regional cuisines of India.

racist email to a former Indian tenant in which said she hoped migrants would not turn Australia into «the filth that is India». Bronwyn Pollitt, a Perth-based real estate director, wrote to Sandeep Kumar in May 2021 after he disputed a cleaning bill deduction from his security deposit, news.com.aureported on Saturday. The email was submitted to The State Administrative Tribunal in Western Australia, which heard that Pollitt compared Australian living standards and quality of life to the «overcrowded, overpopulated, dirty squaller (sic) of many countries, including India». The Tribunal deemed Pollitt unfit to hold a real estate and business agents licence for eight months beginning September 1. It heard that after Kumar vacated the home in December 2020, Pollitt told him that the house owner did not agree that the security deposit should be released in full. Following discussions regarding the full return of the deposit in May 2021, Pollitt sent the mail which said: «Our living standards, our quality of life and expectations are very different to the overcrowded, overpopulated, dirty squaller (sic) of many other countries including India». «Therefore, it is impossible to have a discussion about what is clean and when I and most Australians have an expectation of what is clean and you are talking from what you are used to,» the email read. Calling herself a «white Australian», Pollitt further said that she hoped that «the massive influx of Indian people will not turn our beautiful country into the filth that is India where bodies are on the street, half burnt bodies are in the river and people climb over each other for medical help while living in absolute slums». «It all starts with cleaning the rental properties though

Indian Railways has made approximately 54 per cent more fund utilisation in the last five months compared to last year's corresponding period. Besides safety, it has also made considerable fund utilisation in various infrastructure projects, such as new lines, doubling, gauge conversion and enhancing passenger amenities, between April 1 and August 31, the railway ministry said on Saturday. «Indian Railways has witnessed approximately 48 per cent capital expenditure utilisation (highest ever) in the first five months of this financial year till August 2023,» according to a press statement issued by the Ministry of Railway. «Safety of the passengers is paramount in Railways.