Indian Financial News

rice market. The world’s top shipper has placed restrictions on all of its exports, panicking governments from Asia to West Africa. Other big growers have tried to reassure consumers that rice supply is ample, but it’s done little to calm the market. Rice prices in Asia jumped back near the highest level in almost 15 years on Wednesday after India slapped more curbs on parboiled and basmati over the previous weekend.

India's struggles against left-arm pacers continued in their high-octane clash against Pakistan during the Asia Cup 2023 at Kandy, with Team India's battters once again being at the receiving end of an onslaught by left-arm pacer Shaheen Shah Afridi who took four wickets. IN the opening spell Shaheen Afridi took the wickets of Rohit Sharma and Virat Kohli and in the final spell he took the wickets of Hardik Pandya, Ravindra Jadeja and stopping Team India from imposing a big total in the league encounter in the Asia Cup. Earlier Australia's Mitchell Starc and Mitchell Johnson of Australia troubled India's batsman during the ICC Cricket World Cup 2015 semifinals, Mohammed Amir of Pakistan during the ICC Champions Trophy 2017 final, Trent Boult of New Zealand in the ICC Cricket World Cup 2019 semifinals or Shaheen Afridi of Pakistan in group stage match of T20 World Cup 2021, Indian batters have given away wickets to these bowlers without much resistance, especially in the powerplay stage of the innings.

Foreign portfolio investors (FPIs) emerged net sellers in August with a muted performance on D-Street on rising US bond yields and a stronger dollar, compared to the earlier three months of sustained buying. FPIs bought ₹12,262 crore worth of Indian equities and infused a total of ₹18,338 crore as of August 31, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL ) data. The ₹12,262 crore-figure also includes bulk deals and investment in primary market.

Maruti Suzuki and Mahindra and Mahindra grew 16.4% and 26%, respectively, for the month compared to a year earlier. Maruti Suzuki reported total sales of 165,402 units in August. Mahindra & Mahindra Ltd.

Tharman Shanmugaratnam winning Singapore's presidential election, he joins a long list of Indian-origin leaders who are dominating politics at important world capitals. Shanmugaratnam, 66, received 70.4 per cent of the votes in the presidential election held on Friday. «Singaporeans have chosen Mr Tharman Shanmugaratnam to be our next president by a decisive margin,» Prime Minister Lee Hsien Loong said as he congratulated Tharman on Saturday. He is among several leaders of Indian heritage who have ascended to the highest echelon of public service globally. His victory signifies the rising influence of Indians across the globe. In the US, the growing influence of the Indian-American community can be seen in the success of Kamala Harris, who became the first woman and the first coloured Vice President of the country. She was a senator for California from 2017 to 2021.

Rourkela Steel Plant (RSP) has supplied special grade MDN-250 (maraging steel) for various space missions of Indian Space Research Organisation (ISRO) including Chandrayaan, Gaganayaan and Aditya L1. In a press statement, the company said maraging steel plates are used in PSLV (Polar Satellite Launch Vehicle) and GSLV (Geosynchronous Satellite Launch Vehicle) programmes of ISRO. Maraging steel is a special quality steel containing nickel, cobalt, molybdenum, titanium and aluminium and is manufactured through vacuum melting process.

Indian Hotels Company (IHCL) said on Friday it is launching its flagship Indian-concept restaurant brand, Loya, at the Taj West End, Bengaluru. Loya was launched at The Taj Palace in New Delhi last year. The company said Loya captures the culinary traditions of North India and locations such as the foothills of the Himalayas, the terrains of Punjab and Kashmir. The company will also launch brand Loya at The Taj Mahal in Mumbai following Bengaluru, Taljinder Singh, senior vice president and brand custodian of IHCL told ET.

₹122.52 billion ($1.48 billion) in August. FIIs emerged as net sellers in August on the back of a stronger dollar and high US bond yields. The domestic institutional investors (DIIs) emerged as net buyers in August and extended their buying spree in the first session of September as well.

Embark on an exciting journey through India's avia... moreEmbark on an exciting journey through India's aviation history and witness its remarkable evolution into a global aviation powerhouse! From the pioneering flight by Henri Pequet to the establishment of Air India by J.R.D.

Railway Board succeeding Anil Kumar Lahoti. Her appointment signifies a pivotal juncture in the 166-year history of the Indian Railways, as Jaya Verma Sinha takes on the mantle of CEO, becoming the first woman to hold this esteemed position. Earlier on 31 August, in a historic move, the Appointments Committee of the Cabinet (ACC) granted approval for the appointment of Jaya Verma Sinha, a seasoned member of the Indian Railway Management Services (IRMS), as the new Chairman and Chief Executive Officer (CEO) of the Railway Board.

Indian Railways‘ ‘One Station One Product’ (OSOP) scheme is proving beneficial for promoting ‘Vocal for Local’ vision and to provide a market to sell local or indigenous products. The scheme was first launched on March 25, 2002 on a pilot basis. These stalls have been designed by the National Design Institute for uniformity.

Indian market. It will be available in three distinct color variants: Military Red and Black, Standard Maroon and Black, and Black Gold. The pricing starts at ₹1.73 lakh for the Military color variant, followed by ₹1.97 lakh for the Standard version, and ₹2.16 lakh for the top-tier Black Gold variant.

Nilesh Gupta, MD, Vijay Sales.I have to say that it has been a bit unexciting maybe when it comes to the summer season so far. It has been unseasonal rains. How has Onam panned out for you and we are stepping into September already, got a huge festive season lined up. What are you anticipating by way of demand?You are absolutely bang on that this time of the summer season was not as good because of the erratic rains which came in. But at the end of the day, when we see the first half of the year, Jan to June, we did cover up the AC sales. Yes, there was no growth in air conditioners, but we did not lose out much. There was only a negligible 1 or 2% de-growth which happened. So that clearly shows that the sentiment is good. Although we are not present in the Onam market of Kerala but whatever feedback I have got from the market, Onam has been reasonably very good. But I think the biggest silver lining for us has been the 15th August.

Indian American has been arrested in New Jersey on charge of being part of a technical support scam that targeted more than 7,000 victims defrauding them of more than USD 13 million, a US Attorney announced Thursday. Charged with one count of conspiracy to commit wire fraud, Manoj Yadav appeared before US Magistrate Judge Jose R.

On the Comex, Gold futures were trading at $1,972.70 per troy ounce on Friday, down by $0.30 or 0.02% while Silver futures were trading at $24.985, lower by $0.119 or 0.470%. The DXY was trading flat at 103.63 against a basket of six top currencies, though the bias was positive. The October Gold futures had ended with declines of Rs 105 or 0.18% per 10 gram at Rs 59,373 while the December Silver futures closed higher at Rs 75,685, down by Rs 595 per kg or 0.78%. «Gold is likely to go up for a second week in a row because US inflation matched expectations, which makes the Federal Reserve less likely to raise interest rates. This led to a drop in Treasury yields, which is good for gold.

Army's quick action foiled an attempted arson incident near Leimakhong in Manipur. At approximately 6:30 pm, an Army column near Chingmang village noticed flames and smoke emerging from a vacant house. Without delay, the Army personnel sprang into action, establishing a secure perimeter around the area.

China on Thursday said it firmly opposed all forms of official interaction between the Taiwan authorities and countries having diplomatic relations with Beijing. Responding to a question raised by a Pakistani journalist on reports that three former top Indian military officials attended a security dialogue held by Taiwanese authorities in Taipei this month, Chinese Foreign Ministry spokesman Wang Wenbin said that China firmly opposes all forms of official interaction with Taiwan. China, which considers self-ruled Taiwan as part of its mainland, routinely objects to any high-level visits to Taipei, saying that it is a violation of the one-China principle. According to the media reports, Admiral Karambir Singh, General M M Naravane and Chief of Air Staff R K S Bhadauria — the former Navy, Army and Indian Air Force chiefs respectively — recently attended Ketagalan Forum's 2023 Indo-Pacific Security Dialogue held in Taiwan. Answering a question on their attendance, Chinese Foreign Ministry spokesman Wang said, «China firmly opposes all forms of official interaction between the Taiwan authorities and countries having diplomatic relations with China.» «This is our consistent and clear position.

₹2.1 crore. “We have seen record viewership for BGMS 2023 tournament.

SAIL on Thursday said it has supplied 4,000 tonnes of steel plates for the construction of the seventh frigate ship as part of the P17A project of the Indian Navy. The P17A Project comprises the construction of seven ships, of which six have been launched between September 2019 and August 2023. The seventh frigate ship is scheduled to be launched on Friday by Vice President of India Jagdeep Dhankar, Steel Authority of India Ltd (SAIL) said in a statement. «SAIL has again contributed significantly to India's defence capabilities by providing the entire quantity of special steel plates of about 4,000 tonnes for the construction of the seventh frigate ship under the indigenous P17A Project for the Indian Navy,» it said. SAIL has supplied a total of 28,000 tonnes of steel for the construction of these vessels.

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