Lowe's Financial News

Bitcoin has not been cancelled. After the FTX collapse, I had written that I was happy crypto had not been officially regulated in India. However, it’s clear that apart from the taxation-based measures, there won’t be a crypto ban in India, unlike, say, in China.

investors in the six closed debt schemes of Franklin Templeton India Asset Management Company (AMC) is finally over. With the payment of the latest tranche by Franklin India Short Term Income Plan, all six funds have now paid back over 100% of the AUM (assets under management) prevailing at the time of their sudden winding up on 23 April 2020. The units in all six funds now stand extinguished, with orderly liquidation of all performing assets.

NEW DELHI : Foreign portfolio investment inflows into the Indian markets slowed in August after robust flows from April to July due to worries about impending rate hikes in the US, resulting in higher bond yields and a stronger dollar. Inflows in August were the weakest since February. Fears about rate hikes have also triggered outflows from other emerging markets.

Hurricane Idalia may have moved on, but an insidious danger persists in its wake. Florida health authorities are sounding the alarm to Labor Day weekend beachgoers in affected areas, urging them to exercise caution around floodwaters that could harbor Vibrio vulnificus, a rare and potentially deadly flesh-eating bacterium.

Congress leader Shashi Tharoor on Sunday said it is unfortunate to «paint fantasies» about a distant future when the country is going through a «tough time» and asserted that it is «too early to speak about super power because too many of our people are still super poor». The remarks by Tharoor came after Prime Minister Narendra Modi, in an interview with PTI, said, «By 2047, I am sure that our country will be among the developed countries.

Manipur BJP MLA Rajkumar Imo Singh said that there is no ethnic cleansing in Manipur. Congress leader and former union finance minister, P Chidambaram has alleged that there is ethnic cleansing in Manipur. Singh stated in X,«utterly disappointed by the way Mr @PChidambaram_IN sees the issues in the State of Manipur. He has failed to understand the core issues in Manipur.

A week ago, Saudi Crown Prince Mohammed bin Salman sat with Iranian Foreign Minister Hossein Amir-Abdollahian in Jeddah for a meeting — or more importantly photo opportunity — he intended the world to see.

By Steven Scheer

tourism sector in Himachal Pradesh suffered losses of about Rs 2,000 crore in July and August, owing to which hoteliers in the state have started offering attractive packages to get back on track. The tourism industry in the hill state, which was in the revival process after Covid-19, received another blow as the monsoon wreaked havoc, leading to low tourist footfall. This sector, which contributes over Rs 14,000 crore annually to Himachal Pradesh's GDP, lost around Rs 2,000 crore during July and August as heavy rains damaged road infrastructure — the lifeline of the hill state — and also cast a shadow on the already restricted air and rail connectivity, officials of the tourism department said. «The tourism industry has suffered heavy losses and the only silver lining was an influx of devotees in six Shakti Peeths in Una, Bilaspur and Kangra districts of the state,» Amit Kashyap, managing director of Himachal Pradesh Tourism Development Corporation (HPTDC), told PTI on Sunday. About 8.24 lakh pilgrims visited Chintpurni, Sri Naina Devi, Jawalaji, Brajeshwari, Sri Baglamukhi and Chamunda Devi shrines during the Navratri from August 17 to 25, according to police data.

Nifty Auto index has rallied by 24% YTD. Initially, we had a sceptical view regarding the sector’s outlook due to fading pent- up demand and high vehicle costs. However, lower input costs and price hikes have driven margin expansion leading to stable earnings growth.

P Chidambaram on Sunday alleged that «ethnic cleansing is complete» in Manipur's Imphal Valley and said there can be nothing more «shameful» than this development. The former home minister cited a media report which claimed that the last five Kuki families in Imphal were «forcibly removed» from their homes by the authorities. «This means that 'ethnic cleansing' is complete in the Imphal Valley that is dominated by the Meitei people,» he said in a post on X «A state government presides over 'ethnic cleansing' and the central government claims that the government of the state is being carried on in accordance with the Constitution,» Chidambaram said. There can be nothing more shameful than this development, he said. «It marks a new low in India's descent into lawlessness,» Chidambaram said. More than 160 people lost their lives and several hundreds were injured since the ethnic clashes broke out in Manipur in early May after a Tribal Solidarity March was organised in the hill districts to protest against the Meitei community's demand for Scheduled Tribe (ST) status.Meiteis account for about 53 per cent of Manipur's population and live mostly in the Imphal Valley.

Debt crisis is a matter of great concern for the world, especially developing countries, Prime Minister Narendra Modi has said, as India looks at building consensus at the upcoming G20 summit to evolve a tangible framework to help the debt-ridden low income economies. In an exclusive interview to PTI late last week, Modi said India's G20 presidency has placed a significant emphasis on addressing the global challenges posed by debt vulnerabilities, especially for nations in the Global South. «The debt crisis is indeed a matter of great concern for the world, especially developing countries. Citizens from different countries are keenly following the decisions being taken by governments in this regard. There are some appreciable results too,» Modi said. «First, countries that are going through debt crisis or have gone through it, have begun to give greater importance to financial discipline,» Modi said. «Second, others who have seen some countries facing tough times due to the debt crisis are conscious of avoiding the same missteps,» Modi said. Under its G20 presidency, India has been consistently highlighting the need for a framework on debt restructuring to help countries facing mounting debt problems.

Aditya-L1 spacecraft's orbit is scheduled at around 11:45 am today, Sunday, September 3, said the Indian Space Research Organization (ISRO) in a post in X (formerly Twitter). “Aditya-L1 started generating the power. The solar panels are deployed.

₹6.06 lakh crore widened to 33.9 per cent on year and the eight core sectors posted a growth of 8 per cent in July which is slightly lower than 8.2 per cent posted in June. On the macro front, some of the key factors that will be in focus in the coming days are India’s S&P global services PMI, forex reserves data, Euro zone S&P global composite PMI, UK Services PMI, Euro Zone Q2 GDP, US factory orders, S&P global US services PMI, crude oil prices, foreign and domestic investors' activities will drive the market, according to analysts. In the coming week, four initial public offerings (IPO) await the bourses among main board and small-and-medium enterprises (SME) segment.

₹16.28, which reflects a significant decrease of 57.1% compared to the previous year. In terms of market performance, Balaji Amines has delivered a return of 6.24% in the last 1 week, 2.55% in the last 6 months, and a negative return of -17.01% year-to-date (YTD).

Charizard's performance in the Pokémon Go Battle League. For Charizard in Pokémon Go, the ideal moveset includes Wing Attack as a Fast Move and Blast Burn and Dragon Claw as Charged Moves. Wing Attack boasts the highest Energy Per Second (EPS) in the game at 8.0, allowing you to build up energy quickly for powerful Charged Moves.

Vishnu Prakash IPO: After announcement of share allocation all eyes are now set on Vishnu Prakash IPO listing date, which is most likely on 5th September 2023, i.e. on Tuesday next week. Meanwhile, after announcement of Vishnu Prakash IPO allotment status, grey market has gone bullish on the public offer.

The cryptocurrency market is once again filled with dramatic twists and turns. While Bitcoin price faces headwinds, largely due to the US Securities and Exchange Commission's (SEC) recent decision to delay approvals for spot bitcoin exchange-traded fund (ETF) applications, there's a palpable buzz in the meme coin sector. 

Lower rain caused by the onslaught of El Nino and Madden-Julian Oscillation (MJO) will likely have an impact on the sowing of rabi crops and the arrival of kharif crops, Anuj Gupta, Head Commodity & Currency at HDFC Securities tells ETMarkets. The production hit could be between 5% and 10% with an adverse bearing on Rabi crops like wheat, pulses, rice, RMSeed and onion, he adds. Edited excerpts:What impact do you see on agri produce with August turning out to be acutely rain deficit and warmest month?Lower rain caused by the onslaught of El Nino and Madden-Julian Oscillation (MJO) will likely have an impact on the sowing of Rabi crops and the arrival of Kharif crops. As for the concerns on the production side, 5% to 10% of the crop may be impacted due to this. This will have a direct bearing on farm incomes, inflation and the overall Indian economy. If the rain deficit continues, we will likely see further declines in production on agri commodities.Give us a sense of commodities that are likely to be impacted most and what will be the scale of impact?We noticed a rain deficit in August and this will likely have an adverse bearing on Rabi crops like wheat, pulses and RMSeed. It may also have an impact on the arrival of kharif crops like rice, guar, cotton, and pulses as well.

Small-cap stock below ₹10: Vikas Lifecare shares are one of the penny stocks under 10 rupees and the small-cap stock may have more stock float in coming times. The board of directors of the penny stock under ₹10 has approve issuance of additional 10 crore warrants convertible into equities on preferential basis. The preferential shares have been price at ₹4 per share, which is currently available at a premium of near 7 per cent as Vikas Lifecare share price today is ₹4.30 apiece on NSE.

Rishabh Instruments IPO: Bidding for initial public offering (IPO) of Rishabh Instruments Limited ended on 1st September 2023. In three days of bidding, the book build issue received strong response by investors, especially in QIB segment. As per the Rishabh Instruments IPO subscription status, the public issue overall got subscribed 31.65 times.