Indian Financial News

Indian Prime Minister Narendra Modi called for a global collaboration on formulating crypto regulations during the Group of 20 (G20) summit. G20 President India has taken up the task of advocating for a comprehensive global framework for regulating cryptocurrencies.

On the Comex, Gold futures were trading at $1,943.30 per troy ounce on Monday, up $1.80 or 3.40% while Silver futures were trading at $24.265, up $0.031 or 0.130%. Click to know more The DXY was trading down 0.09% at 104.07 against a basket of six top currencies, though the bias was slightly negative. The October Gold futures had ended with declines of Rs 117 per 10 grams while the September Silver futures closed marginally higher at Rs 73,627, up Rs 59 per kg. «Gold remained stable after a weekly increase, as top central bankers emphasised maintaining high-interest rates until inflation is controlled at the Jackson Hole event.

Indian Hotels Company Ltd. traded 0.43 per cent up at Rs 393.65 at around 10:25AM (IST) on Monday.

In a heartwarming moment, India's ‘Golden Boy’ Neeraj Chopra called his archrival Arshad Nadeem to pose for the camera. The Pakistani athlete, who had just been beaten by Chopra for the gold medal, graciously joined him for the photograph. Neeraj, who secured the gold medal at the World Athletics Championships hosted in Budapest, was seen proudly holding the Indian tricolour.

Neeraj Chopra's rise to stardom from a Haryana village has been nothing short of spectacular, and at 25, he is on course to becoming one of India's greatest sporting icons. Two years ago, his spear soared high into the Tokyo sky as he became the country's first Olympics track and field gold medal winner.

Embraer SA, the world’s third largest manufacturer of commercial jets, is betting big on India as a key growth market and potential manufacturing hub. In an interview with ET’s Arindam Majumder, chief executive Francisco Gomes Neto, explains the Brazilian aerospace company’s growth plans which include finding a local joint venture partner to set up a manufacturing unit in India. Edited excerpts:India now has one of the largest aircraft order books in the world. But it has been a challenge to find customers here for Embraer. What are the sticking points? There are ongoing dialogues and conversations that are happening with Indian airlines.

Indian students are now studying in Australia. “There are no direct flights from Mumbai.

reality than their American cousins. So are the Democrats. The Democratic candidate in recent years closest to Ramaswamy in vibe — Ivy League credentials, weird ideas, a business background — was Andrew Yang.

reality in India Inc: overwhelmingly male-dominated corporate boards. There have been gradual gains to bridge the disparity at the employee level as well as top echelons, some of it through regulatory intervention. Yet, pain points remain.

Elon Musk, the chief of Tesla, Space X, and the owner of ‘X’ (formerly Twitter), is impressed with the growing number of Indian-origin CEOs. In a list published by World of Statistics, it was made evident that there has been a significant rise in Indian-origin people at the topmost position. The list showed that many companies all over the world are now led by Indian-origin CEO.

World of Statistics posted a list of companies that have Indian-origin people at the topmost position which left Tesla Chief Executive Officer (CEO) Elon Musk impressed. On its social media account, X (formerly known as Twitter), the World of Statistics listed 21 companies that have Indian-origin CEOs. This list includes Alphabet: Sundar Pichai, World Bank Group: Ajay Banga, Micron Technology: Sanjay Mehrotra, Adobe: Shantanu Narayen and many more. Recating on the post, Musk on his micro-blogging account said, «Impressive». Recently, Indian-origin Vaibhav Taneja became the new Tesla Chief Financial Officer after Zachary Kirkhorn stepped down from his position. Taking to his LinkedIn account, Kirkhorn informed that after being part of the company for 13 years, he has left the position.

Narendra Modi on Sunday hailed Indian athletes' performance at the World University Games in Chengdu, saying they had done the nation proud by returning home with a record haul of 26 medals. India won 11 gold, five silver and 10 bronze, the best ever performance by the country's sportspersons in WUG, which was held in the Chinese city from July 28-August 8. Speaking on Mann Ki Baat, the PM said, «India displayed its best performance in the Games (WUG) this time.

organic manure' (FOM) at about Rs 5.5 per kg, excluding the government incentive of Rs 1.5 per kg, to support biogas plants in the country. The government has recently announced the Market Development Assistance (MDA) Scheme, under which the government approved Rs 1,451 crore for promoting organic fertilizers. Under MDA, the bio fertilizer coming out of a biogas plant — technically known as FOM, the producers get Rs 1.5 for each kg, over and above the sale price of FOM. The IBA in a memorandum to the Ministry of Chemical and Fertilizer said that in the initial phase of improving the end-market linkage of FOM, it is imperative for the ministry to administer the fair remunerative market price for FOM. The IBA suggested a 'floor market price' at par with the Urea Retail Prices (presently at Rs 242 per 45 Kg bag), i.e.

Elon Musk is impressed at the way Indian-origin people have taken over as CEOs of most of the top tech companies, as well as some of the non-tech organisations, and the list is only growing. By holding top positions, the Indian-origin people are earning millions of dollars which puts them among the highest paid CEOs in the US. When the World of Statistics posted on X (formerly Twitter) the list of Indian-origin people at top companies, Musk reacted late on Saturday: «Impressive». His followers reacted, saying «Indians are some of the hardest working people». India is even the «CEO of Moon's South Pole,» a Musk follower chuckled, after the country successfully landed its Chandrayaan-3 Moon mission. Currently, Sanjay Mehrotra is the CEO of Micron Technology; Shantanu Narayen is the CEO of Adobe; Satya Nadella is Chairman and CEO of Microsoft; Sunder Pichai is the CEO of Alphabet and Google; Jay Chaudhry is the CEO of Zscaler which is a cloud security company; Arvind Krishna is the CEO of IBM; Neal Mohan is the CEO of YouTube; and George Kurian is the CEO of NetApp, among the top tech giants. Leena Nair broke all barriers by becoming the first ever Indian-origin global CEO of French luxury fashion house, Chanel.

Saurabh Mukherjea, Founder, Marcellus Investment Managers, says “the positive trigger is the China play because the scale of China's unwind is such that I find it hard to believe that it will not trigger broader connections in commodity prices and then on to on to inflationary numbers both for America and for India. The negative one in India's case is that we have got so many elections ahead of us. We got five assembly elections through the winter and then obviously the big one in the summer.” What could be the trigger now for the market? Earnings are good. Inflation is benign. Macro will keep on getting ups and downs here but in general is steady. Flows have been decent. The outlook by corporate India is not that bad. So for markets to move higher, what is next?If I have to pick one positive trigger and one negative trigger, the positive trigger is the China play because the scale of China's unwind is such that I find it hard to believe that it will not trigger broader connections in commodity prices and then on to on to inflationary numbers both for America and for India.

relay team caused a sensation at the World Athletics Championships here finishing second behind the United States in the semifinal heat, setting the Asian Record and qualifying for the final. As the contestants went into the final leg of the first semifinal in the men's 4x400m relay race on Saturday, there was a buzz in the stadium as India went neck-and-neck with the USA for the finish line. Though the USA team of Trevor Bassitt, Matthew Boling, Christopher Bailey and Justin Robinson eventually pulled ahead to win the heat in 2:58.47, India held on to second in an Asian Record of 2:59.05. The Indian quartet of Muhammad Anas Yahiya, Amoj Jacob, Muhammad Ajmal Variathodi and Rajes Ramesh came up with a superb race to set a new Asian record, dipping below 3 minutes. The Indian team improved on the previous mark of 2:29.51 set by Japan in last year's World Championship in Eugene, USA. On Saturday, India was followed by Great Britain and Botswana, both clocking 2:59.42.

RBI target leading to an elongated high interest rate cycle. However, corporate earnings are forecast to remain buoyant in Q2 due to a moderation in international costs (fuel, metals, and chemicals) and festival demand. The upswing in retail inflation observed in July at 7.44% warrants careful observation due to its potential upward risk.

The chess World Cup final had been decided a couple of hours earlier but the excitement in Viswanathan Anand’s voice was still palpable. It was despite his protégé Rameshbabu Praggnanandhaa having lost the final to world No. 1 Magnus Carlsen. Anand spoke with BORIA MAJUMDAR about what this achievement means, how it can help Indian chess going forward, and Praggnanandhaa. Excerpts:Finally, India has someone after you who made it to the World Cup final and created history. This is among the best achievements of Indian chess. And as someone who started it all, you must be proud. It is a huge achievement.

Indian women's team emerged victorious by a margin of eight wickets, thereby commencing their campaign in a truly impressive manner. Effectively curtailing Australia to a total of 59/6, India adeptly chased down the set target without much ado. Subsequently, in their subsequent encounter with England, the Indian team exhibited an explosive performance, amassing a total of 268/2 within 20 overs.

Dwit A. Nandu, a Class 4 student at St. Francis D'Assisi High School, marked his 10th birthday on August 24th.

Foreign portfolio investors (FPIs) performance remains muted on D-Street so far in August due to the rising US bond yields and stronger US dollar, after sustained buying in the last three months. FPIs bought ₹10,690 crore worth of Indian equities and infused a total of ₹14,766 crore as of August 26, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL ) data. The ₹10,690 crore-figure also includes bulk deals and investment in primary market.