Indian Financial News

The 10-year benchmark 7.18% 2033 bond yield was at 7.1100% as of 10:00 a.m. IST, after closing at 7.1443%, while the liquid 7.18% 2037 bond yield was at 7.2286% after ending at 7.2606% on Thursday. The yields had eased to 7.0717% and 7.1784%, respectively, earlier in the day. «The wait is finally over.

Booker Prize. Kenya-born Maroo's novel set within the context of the British Gujarati milieu has been praised by the Booker judges for its use of the sport of squash as a metaphor for complex human emotions.

CBC News. As per a report by CBC News, the intelligence gathered encompasses communications that involve Indian officials, including diplomats from India who were present in Canada, according to sources within the Canadian government. Also Read: India-Canada News LIVE Updates: ‘We will be in contact with India at high levels,’ says on Canada charge The report noted that the intelligence was not exclusively sourced from Canada; some of it was supplied by an undisclosed ally within the Five Eyes intelligence alliance.

India in itself is an asset class in the global arena, and equities are well poised to deliver superior returns compared to all other asset classes, saysJiten Doshi, co-founder and chief investment officer of Enam Asset Management. “We feel we are amidst a once-in-a-lifetime phase of India registering its presence of being a break-out nation,” says Doshi, who oversees close to $4 billion of assets. Doshi believes it’s time to allocate a sizeable part of incremental income in equities to create generational wealth, as this growth phase will ride multiple megatrends like digitization, financialization, premiumization, manufacturing renaissance, and benefit multiple sectors. Edited excerpts from an interview with ETMarkets:Many money managers believe that valuations are stretched across market cap. Do you also believe so or contradict?We feel there are two plays in the markets — value and price. When we contend valuations are expensive — it means that prices are high. Our core premise in investing is to own a good business, which presents long growth visibility, and generates better business returns. As things stand, prices are high, but has the value changed? Not necessarily.

Justin Trudeau reiterated his concerns regarding India's involvement in the assassination of Khalistani leader Hardeep Singh Nijjar, emphasizing that there are 'credible reasons' to support these claims. He also reiterated Canada's commitment to the international rules-based order. Addressing the complex diplomatic situation during a press conference at Canada’s Permanent Mission to the United Nations Trudeau said, «As I said on Monday, there are credible reasons to believe that agents of the Government of India were involved in the killing of a Canadian on Canadian soil.

Booker Prize 2023 judging panel Thursday announced the final list of six novels from 13 longlisted titles – the so-called “Booker dozen" – which were selected from 163 books published between October last year and September this year. All the six shortlisted books "showcase the breadth of what world literature can do", BBC reported Canadian novelist Esi Edugyan, who chairs the judging panel, as saying. London-based Indian-origin author Chetna Maroo’s debut novel ‘Western Lane’ was among the shortlisted for the 2023 Booker Prize in London.

Indian Navy, US aerospace manufacturer Boeing has said that the expanded fleet will result in an economic impact of $1.5 billion to the domestic industry in the next decade. The Indian Navy currently operates a fleet of 12 P8I aircraft that are tasked with carrying out long-range maritime patrols in areas of interest extending from the Gulf of Aden to the Sunda strait in Indonesia. The aircraft, equipped with anti-submarine warfare as well as the capability to attack surface ships, are often used in coordination with friendly navies like the US and Australia. Top Boeing executives said that talks are on with the Indian Navy to extend the fleet to 18 aircraft, with additional features. “Boeing has already generated a substantial economic impact amounting to $1.7 billion to support the current P8I aircraft fleet in service with the Indian Navy. We see an expanded fleet bringing in another $1.5 billion,” Dan Gillian, vice president, Boeing Defence said. The US-based company said that it is looking to create more partnerships in India to add value to its global programs, and several Indian companies are now an active part of its international supply chain. “As we respond to the Indian Navy's need for more P8I aircraft, we're actively looking to enhance engineering, manufacturing, and sustainment capabilities in India, for India, and the world, benefiting both Indian and global customers,” Salil Gupte, president of Boeing India said.

₹30,231 crore. In an ideal world, bilateral rights are supposed to help airlines from both sides. It allows airlines from respective countries to operate flights within a quota.

«Those who have already received visas are now questioning whether they will be able to travel or not,» said Leverage Edu CEO Akshay Chaturvedi. Till Wednesday evening, around three of the last 100 calls that came into Leverage Edu's office about studies in Canada were about the impact of the India-Canada fallout.

social media, OTT and online gaming platforms while one-third of respondents admitted that addiction is making kids aggressive, according to a survey by LocalCircles. It further revealed that 73% of urban Indian parents surveyed want the data protection law to ensure mandatory parental consent is sought for children under 18, when they join social media, OTT/video and online gaming platforms.

Nifty extended losses for the third straight session on Thursday, September 21. The domestic institutional investors (DIIs) turned net buyers and invested ₹1,158.14 crore in Indian stocks today.

India, September 21, 2023: VK Packwell, India and China's ONLY patent-holding ISI mark water carrying flexible-foldable pipes manufacturing company, and India's sole patent-holding ISI mark drip, sprinkler, and micro-irrigation with flexible-foldable pipe manufacturing company, is making waves in the agricultural sector. With a commitment to serving farmers, VK Packwell has already impacted the lives of more than 71,00,000 farmers and counting. One of the most remarkable aspects of VK Packwell's offerings is their affordability.

Khalistani terrorists in San Francisco Indian Consulate attack case. On the intervening night of 18 and 19 March 2023, Khalistani separatists had attacked the Indian Consulate in San Francisco, United States.

Royal Enfield Rental will be accessible in cities such as Ahmedabad, Mumbai, Gujarat, Maharashtra, Chandigarh, Dharamshala, Leh, Manali, Haridwar, and Rishikesh. Additionally, the manufacturer will extend its motorcycle rental services to Udaipur, Jaipur, Jaisalmer, Goa, Kochi, Bhubaneswar, Thiruvananthapuram, Visakhapatnam, Delhi, Chennai, Bengaluru, Hyderabad, Shimla, Nainital, Bir Billing, Siliguri, and Dehradun. The company says that it intends to include more cities to this roster as part of its expansion plans.

₹8.2 trillion since the pandemic, outpacing the increase in gross financial savings at ₹6.7 trillion, thus explaining the fall in household net financial savings by ₹1.5 trillion / 2.5% of GDP. On the asset side of households, there was an increase of ₹4.1 trillion in insurance and provident and pension funds," SBI Report said.

Dharmesh Lakhani, a popular businessman of Indian origin and the owner of Bobby's restaurant on Belgrave Road, was arrested by Leicestershire police. This incident unfolded during a Ganesh Chaturthi procession, leaving Lakhani in need of medical attention due to the manner in which he was handcuffed outside the Shivalaya Mandir — The Leicestershire Brahma Samaj on Monday night.

Indian medical graduates will now be able to pursue postgraduate training and practice in countries like the United States, Canada, Australia and New Zealand. The change comes after the National Medical Commission (NMC) was granted the coveted World Federation for Medical Education (WFME) Recognition Status for a tenure of 10 years.

Indian Bank with a target price of Rs 440. The current market price of Indian Bank is Rs 420.4. Indian Bank, incorporated in the year 1907, is a banking company (having a market cap of Rs 51623.54 Crore). Indian Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2023.Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 14921.43 Crore, up 3.51 % from last quarter Total Income of Rs 14415.98 Crore and up 25.42 % from last year same quarter Total Income of Rs 11897.53 Crore.

global market for generative artificial intelligence (genAI) is set to offer, experts said. However, it will have to make strategic changes in several areas, according to a report by Nasscom and McKinsey & Company.

A day before the G20 summit, I had made three predictions: Prime Minister Narendra Modi would remove the last obstacles. Indian diplomats would craft a communiqué on which a consensus would be reached. The Indian presidency would be seen as a turning point in G20 history. The first two of these predictions have come true. As S Jaishankar said in an interview, the PM did speak to clear the path with some of his counterparts at critical moments.

Indian Navy has moved a mega proposal to the government for building the second aircraft carrier to be constructed by the Cochin Shipyard Limited. A proposal has been received by the Defence Ministry for building and acquiring the second indigenous aircraft carrier which would be known as the Indigenous Aircraft Carrier-2, defence officials told ANI. The Defence Ministry would be shortly discussing the proposal moved by the Indian Navy as one of the biggest programmes under Prime Minister Narendra Modi's Aatmanirbharta (self reliance) programme in defence sector, they said. The programme will create several thousand direct and manifold indirect jobs through the Cochin Shipyard Limited in Kerala when the work on the IAC-2 is approved by the government. The first indigenous aircraft carrier INS Vikrant was commissioned by Prime Minister Modi in Kochi in September last year where the expertise developed by Cochin Shipyard Limited (CSL) in building such large size ships was applauded. The Indian Navy has been pressing for three aircraft carriers to maintain at least one carrier on each coast with one in refit. With three aircraft carriers, the Indian Navy would also be keeping pace with all the navies deployed in the Indo-Pacific region, officials said. The Indian Navy is also going to get 26 new Rafale fighter aircraft for the INS Vikrant and also looking to buy the indigenous Twin engine Deck L-based Fighter aircraft which are now expected to be produced in large numbers to be deployed on the three carriers. Admiral R Hari Kumar had recently stated that INS Vikrant, the indigenously built aircraft carrier, will be based in Visakhapatnam.