Indian Financial News

₹1,769.49 crore in Indian stocks today. As per the NSE data, FIIs cumulatively bought ₹9,848.55 crore of Indian equities, while they sold ₹14,272.57 crore --- resulting in an outflow of ₹4,424.02 crore on Wednesday. Meanwhile, DIIs infused ₹10,050.08 crore and offloaded ₹8,280.59 crore, registering an inflow of ₹1,769.49 crore.

Also Read: From Barclays to Citigroup, world's top bankers likely to return to COP28 Climate Summit in Dubai this year "The research illustrates significant shifts in risk perceptions and underscores the need for organisations to adapt their risk management strategies to address emerging and often unpredictable challenges more effectively. Indian business leaders feel the nature of risk has significantly changed from what it was a decade ago – and that risk will also look significantly different again a decade from now," the release said. - A clear comfort zone for most business leaders.

Also Read: Inclusion of Indian bonds in JPMorgan bond index to have limited impact on Indian bonds, rupee, says ASK Wealth Strong economic data in the US and hawkish comments from the US Federal Reserve officials have raised bets that the interest rates will remain higher for longer, leading to a spike in bond yields. US job openings unexpectedly rose in August, pointing to tight labor market conditions that could compel the Federal Reserve to raise interest rates next month, with the odds rising above 30%, Reuters reported.

ASK Wealth Advisors Private Limited. "The inclusion into bond indices is good to have, feeds incrementally into the “Bharat shining" narrative. It’s also a good sandbox regulatory experiment for RBI, to manage monetary policy while losing some policy-making flexibility.

Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! The unveiling wasn’t merely ceremonial. The event involved the presentation of the Release to Service (RSD) and the Signalling Out Certificate (SOC). These formalities were witnessed by luminaries from the defence sector, including the Chief of Air staff- IAF, the Chairman and Managing Director of HAL, and the Chief Executive of the Centre for Military Airworthiness and Certification (CE-CEMILAC), to name a few.

The president-elect of the Maldives says he's sticking to his campaign promise to remove Indian military personnel stationed in the archipelago state, promising he will initiate the process

Indian Hotels Company Ltd. dropped 1.45 per cent to Rs 407.0 at 12:17PM (IST) in Wednesday's trade. The counter hit a high of Rs 414.95 and low of Rs 405.4 so far during the session.

GST demand notices have been served on Indian companies in recent weeks in cases where overseas staff have been deputed to India. This follows a judgment given by the Supreme Court that the salary of ‘seconded employees’ (deputed to an Indian company), which is reimbursed to the overseas entity, will be subject to service tax. This SC order of May 19, 2022, in the case of Northern Operating Systems, has opened a pandora’s box even in the realm of GST. Abhishek Jain, partner and national head, indirect tax, KPMG-India, said: “This was largely witnessed as the period of limitation for assessment of cases for financial year 2017-18 ended in September.

Krafton’s India division is launching its maiden gaming-focused incubator programme for Indian startups. The incubator programme will enrol between six to ten “teams” every year, and offer between $50,000 and $150,000 as funding support, with “exceptional” teams getting up to $250,000, the firm said in a statement. It will be open to early-stage startups, as well as students and independent developers.

This is part of a series of interviews with the winners of The Economic Times Startup Awards 2023. Indian markets may come across as an ideal option for many software players to go public as the bar for listing in the US gets higher and investors here open up to technology-based listings, Jishnu Bhattacharjee, managing director of Nexus Venture Partners, said.

Indian Railways achieved freight loading of 758.2 MT between April and September as against the 736.68 MT recorded in the corresponding period last year, which is an improvement of 21.52 MT. «Railways have earned Rs 81,697 crore against Rs 78,991 crore over the last year, which is an improvement of approximately Rs 2,706 crore as compared to the same period of the last year,» the railway ministry said in a statement.

Click here! Agartala-Anand Vihar Rajdhani (20501/02) has been diverted via Malda and Bhagalpur, the Indian Railway added. In the new timetable some train services in South Eastern Railway have been revised to improve their Punctuality.

India Today. Earlier on 29 September, the Indian High Commissioner to the UK had to leave the gurdwara, situated in the Albert Drive area of Glasgow, after he was denied entry.

₹2,034.14 crore of equities in the Indian share market on Tuesday. The domestic institutional investors (DIIs) turned into net buyers by investing ₹1,361.02 crore.

As the festive season approaches, it is the perfect time to upgrade your computing devices. Whether you are in need of a powerful laptop for work, school, or entertainment, you'll find a plethora of choices at the upcoming Amazon Sale from renowned brands, all featuring Intel processors to deliver top-notch performance. So, don’t miss your ticket to a new world of digital possibilities, mark your calendars and get ready to explore amazing Amazon deals on Intel laptops.

JM Financial. The brokerage firm expects Infosys and TCS to be at the upper end while Tech Mahindra, still impacted by project ramp-downs towards the first quarter-end, to be at the bottom end of the band. Mid-caps under coverage will fare relatively better.

Vietnam, Madan Mohan Sethi highlighted the cordial and friendly relationship between India and Vietnam, emphasizing their historical ties through civilization that spans over 2,000 years. «More than 400 Indian companies, small and big have invested in Vietnam for a cumulative value of more than USD 1 billion,» he said. He mentioned that both countries have collaborated in various areas, including trade, defense, and strategic cooperation. He noted the increasing number of Indian tourists visiting Vietnam, with over 400,000 Indian tourists estimated to have visited the country in recent times.

Pushpa Kamal Dahal ‘Prachanda’ said in Parliament on Sunday that during his recent meetings with Chinese leaders discussions were held on construction of a transmission line in the northern border region, installation of solar power plants along the border, construction of various roads and expansion of cooperation in the health and agriculture sectors. However, a number of Chinese projects in Nepal exist only on paper, in stark contrast to projects funded by India in the Himalayan country, where India’s grant assistance to Nepal totals around $63 billion, ET has learnt. Prachanda visited China late last month and reportedly got assurance of funding for 12 projects, even as there has been little progress on projects under China’s Belt and Road Initiative (BRI) projects in Nepal, according to people with knowledge of the matter. Nepal signed the BRI agreement with China in 2017. However, the country has yet to reap the benefits of the agreement, even as some Nepalese leaders sought Chinese funds to reduce dependence on India. China has raised the issue of delayed BRI projects with Nepalese leaders, but there is no clarity as to why the projects have been delayed, according to Nepal watchers.

Indri Diwali Collector's Edition 2023, at the Whiskies of the World Awards, a yearly international tasting competition, is timely. India last year replaced France as the largest importing nation of Scotch whisky. These imports represent a fraction of Indian whisky consumption and consumers are pushing premiumisation at a frantic pace.

Indian Embassy in the UK after pro-Khalistani groups gathered to stage a protest outside the building in London on Monday. There has been a heavy presence of British security forces at the High Commission in London, and the protesters have been restricted to the opposite side of the building. Indian High Commissioner denied entry to gurdwara in Scotland A few days ago, the Indian High Commissioner to the UK, Vikram Dorwaiswami was stopped from entering a gurdwara in the city of Glasgow by pro-Khalistan extremists, an incident the Indian mission dubbed as “disgraceful” before reporting it to the UK government. In a statement issued on Saturday, the High Commission of India in London said that three people from outside Scotland “deliberately disrupted“ the visit on Friday evening and one even attempted to violently force open the diplomatic vehicle as senior diplomats arrived at Glasgow Gurdwara Guru Granth Sahib on Albert Drive. As they hurled threats and abuses, the High Commissioner (HC) and Consul General of India (CG) decided to leave the premises to avert any further altercation. “On September 29, 2023, three persons — all from areas outside Scotland — disrupted a planned interaction organised by the Gurdwara Committee for the community, the High Commissioner (HC) and the Consul General of India (CG),” said the High Commission of India statement. “This interaction was to discuss community and consular issues.

Click here! This acquisition will also mark the return of Nimmagadda Prasad to the pharma industry after a 17-year hiatus. Prasad has been a serial entrepreneur having developed significant businesses (Matrix Laboratorties and CARE Hospitals) to scale and creating enhanced shareholder value.