Indian Financial News

Simon Abraham, who claimed to have received specialized massage training in India for two years, has been charged with sexually assaulting a female patient and has been sentenced to 18 months in prison by a UK court. The charges were brought against him when he contacted the woman after she had been treated for severe headaches at the Eastbourne District General Hospital in October 2020. The victim agreed to his visit, believing he could help her condition with his claimed massage expertise.

reliance on China. Impressively, he raised $7.7 million in the second quarter, with $5.4 million from his personal funds.

Narendra Modi on Sunday expressed his gratitude to the US government for returning over 100 rare and ancient artefacts to India. «A few days ago, social media was abuzz with the news that America had returned over 100 rare and ancient artefacts to India. These artefacts are anywhere between 250 and 2500 years old.

Shivakumari Vigneshwari from Sri Lanka traveled to India to tie the knot with her Facebook friend of six years, 28-year-old Laxman from Chittoor district. Their love story unfolded when Laxman, a mason from Arimakulapalle, V Kota mandal, connected with Vigneshwari on Facebook back in 2017. After years of friendship, they decided to take their relationship to the next level, and on July 20, they exchanged vows at a serene temple in V Kota, Chittoor district.

Prime Minister Narendra Modi on Sunday announced 'Meri Mati Mera Desh' campaign in order to honour the martyred bravehearts of the country in the run up to Independence Day. ' The announcement came during PM's monthly address on his radio show Mann Ki Baat. Modi said that with 'Amrit Mohatsav' resonating everywhere and August 15 near, a big campaign is being launched in the country — 'Meri Mati Mera Desh'.

Hoping to stave off inflationary pressures on a diet staple, the Indian government is banning exports of non-Basmati white rice varieties

India, the global technology leader in networked visualization solutions for the entertainment, enterprise and healthcare markets Barco, showcased its latest products and solutions at the Barco Connect 2023 (One Barco event) in Delhi. Barco offers a range of networked visualization products in the Indian market, including digital cinema projectors, large screen display solutions, collaboration solutions, rugged displays for professional applications, and Hi-tech medical displays, according to a release.

Gurvinder’s body reached his hometown late Friday evening and both the mother-son were cremated together on 29 July, a report by Indian Express has stated. “According to preliminary investigation, the woman was in shock following the death of her son in Canada. Family members said she was unable to bear the loss," a police official said as quoted by Hindustan Times on 28 July.

The Indian Navy announced on Saturday that it would end the practice of carrying batons with ‘immediate effect’. A ceremonial baton will now be placed in the office of the head of the organisation of every unit - to be handed over within the office as part of a change of command. The move is in line with the government's efforts to shed India's colonial legacy.

Foreign portfolio investors (FPIs) bought ₹45,365 crore in Indian equities so far this month, which has been marginally lower than the total investment made in June 2023. According to NSDL data, FPIs infused ₹45,361 crore in Indian markets so far in July, taking into account debt, hybrid, debt-VRR, and equities, according to exchange data.

National Education Policy (NEP) will give due respect and credit to every language in the country and those who try to politicise language for their selfish interests will have to shut their shops, Prime Minister Narendra Modi said on Saturday. Delivering the inaugural address at the «Akhil Bhartiya Shiksha Samagam» on the third anniversary of the launch of the NEP, Modi said the biggest injustice to students is judging them on the basis of their language, instead of their capabilities. «The National Educational Policy will give due respect and credit to every language in the country… Those who try to politicise language for their selfish interests will now have to shut their shops,» the prime minister said.

Narendra Modi highlighted the unfortunate perception of several prosperous Indian languages at the inaugural event of the All India Education Convention at Pragati Maidan in New Delhi on July 29. It marked the third anniversary of the National Education Policy (NEP) 2020. He said that Indian languages were presented as unprogressive which is false, reported Hindustan Times.

Indian naval ship 'Khanjar', an indigenously-built Missile Corvette of the Khukri class, will make a three-day visit to Sri Lanka's eastern harbour of Trincomalee from Saturday to further people-to-people connect and familiarise the people with the Indian Navy. The visit is significant in view of the potential for cooperation between India and Sri Lanka for augmenting the capabilities of the Sri Lanka Navy for efficiently addressing shared challenges for maritime security in the region, the Indian High Commission in Colombo said in a statement on Friday.

Russia is launching its electronic visa (e-visa) facilities for Indian passport holders from August 1. The e-visa will be processed in a maximum of four days and a $40 consular fee will be charged for the facility.

US lawmakers has urged the Biden administration to take executive action to make priority dates current for Green Card applicants from India to reduce the 195-year-long wait period which has left them in a constant state of limbo. Led by Congressmen Raja Krishnamoorthi and Larry Bucshon, the bipartisan group of 56 lawmakers sent a letter to Secretary of State Antony Blinken and Department of Homeland Security Secretary Alejandro Mayorkas requesting the administration take executive action to provide relief to high-skilled employment-based visa holders. In their letter, the US lawmakers also appealed to the administration to mark all dates for filing of employment-based visa applications in the Bureau of Consular Affairs' published Employment-Based Visa Bulletin as «current». A Green Card, known officially as a Permanent Resident Card, is a document issued to immigrants to the US as evidence that the bearer has been granted the privilege of residing permanently. The current situation surrounding the seven per cent country cap on employment-based Green Card allocation is causing severe repercussions, particularly for countries such as India, where the backlog has reached an astonishing 195 years, said Foundation for India and Indian Diaspora Studies (FIIDS USA) in a separate appeal to the US President Joe Biden. This backlog disproportionately affects Indian tech professionals, who constitute a significant portion of the highly skilled STEM talent and US-educated graduates, playing a crucial role in maintaining the United States' competitive edge in the technology industries, it said.

₹5.6 lakh every month for the next 25 years, reported the Gulf News. Currently working as an interior design consultant for a real estate company in Dubai, Khan will receive Dh25,000 (approximately ₹5.6 lakh) each month, providing much-needed financial support for his family. As the sole breadwinner, Khan is responsible for supporting his aging parents, a five-year-old daughter, and his late brother's family, who tragically lost their breadwinner during the pandemic.

Narendra Modi is set to launch the renovation works for three railway stations in the National Capital Region (NCR). The renovation works of Gurugram, Rewari, and Pataudi railway stations will soon begin, with a total cost of ₹219 crore. Gurugram railway station will undergo a significant transformation with a budget of ₹200 crore, while Pataudi and Rewari stations will receive upgrades worth ₹12 crore and ₹7 crore, respectively.

Nirmala Sitharaman Friday said domestic companies would soon be allowed to directly list their securities on overseas exchanges in specified jurisdictions, expanding capital-access opportunities for businesses in India that is poised to dwarf Germany and Japan and become the world’s third-largest economy in a few years. The stage-gate process will involve an initial listing on the International Financial Services Centre (IFSC) at the Gift City in Gandhinagar. Later, they will be permitted to list in seven or eight specified overseas jurisdictions.

₹33,000 crore fund, created by pooling money from mutual funds’ debt schemes, aims to provide liquidity to debt schemes during periods of market stress. The AMC Repo Clearing Ltd (ARCL), on the other hand, is a limited-purpose clearing corporation backed by Sebi and funded by asset management companies.

International Financial Service Centre (IFSC) has been lauded by market mavens, as they believe this will attract investments and growth capital. While speaking at the launch event of AMC Repo Clearing and a corporate debt market development fund on Friday, Finance Minister Nirmala Sitharaman made the announcement. «A direct listing of securities by domestic companies will now be permissible in foreign jurisdictions…This will facilitate access to global capital and better valuation,” Sitharmanan said.

The Indian Supreme Court on July 27 reprimanded the Union government for the lack of crypto regulations in the country, according to a report in a local media outlet.