MET Financial News

bond yields ended marginally higher on Friday as debt auction added to overall supply, while market participants shrugged off domestic growth numbers, which came largely in line with expectations. The benchmark 7.26% 2033 bond yield ended at 7.1671%, after closing the previous session at 7.1655%. The yield, however, ended the week 3 basis points lower. New Delhi raised 390 billion rupees ($4.72 billion) through the sale of bonds, at cutoffs that nearly met estimates. However, some mutual funds were selling longer-duration papers after the auction results, traders said. «The 10-year bond yield should peak in September as demand-supply dynamics are expected to improve from October.

The nursing home industry is criticizing the Biden administration’s decision to require the homes to comply with federal rules on staffing levels

₹600 crore-plus worldwide (including net domestic box office of ₹320 crore), reported Business Today. The Tamil superstar commands immense respect and fascination among his fans across the globe. To celebrate the success of Jailer, Sun Pictures' head Kalanithi Maran gifted a BMW car to superstar Rajinikanth and also a share of the profits from the film.

West Ham, the club acquired players like Mohammed Kudus, and Konstantinos Mavropanos. Kudus is ready to make his debut with the club, but Mavropanos has injured himself and he is ruled out for the match against Luton Town. Kudus is most likely to energise the attack and compensate to some extent at least the loss incurred by losing Rice. Tomas Soucek has been ruled after he exhibited the signs of concussion. On the other hand, Luton will be without Jordan Clark, Gabriel Osho and Dan Potts as they all are injured. The match against West Ham will be the first Luton's first home fixture since 25 April 1992, when they lost to Aston Villa 2-0.

Indore in Madhya Pradesh is going through a massive transformation — from being the largest and most populous city in MP to its rapid industrialisation. Indore, the city well-known for its cotton handloom industry, also has a special place in billionaire businessman Anand Mahindra's heart. The Chairman of the Mahindra Group, who is in Indore for the 603rd meeting of the Central Board of the Reserve Bank of India on Friday, remembered his romantic connection with the city. The 69-year-old took to X (formerly known as Twitter) to share his love story with his 10.7 million followers on the social media platform. He revealed that he first met my wife, Anuradha Mahindra, in Indore. «Always good to get to Indore.

IMF Managing Director Kristalina Georgieva said she had a «productive» discussion with Chinese Premier Li Qiang, and looked forward to working with Beijing on global issues including climate change and support for developing economies. Georgieva was visiting China through Sunday to meet with top Chinese leaders before travelling to Indonesia and India for ASEAN and Group of 20 summits. Georgieva also met with China's newly appointed central bank chief Pan Gongsheng and Finance Minister Liu Kun, she wrote in a post on messaging platform X, formerly known as Twitter, on Friday. In July, the IMF raised its 2023 global growth estimates slightly but left its forecast for China unchanged, cautioning that China's recovery was underperforming and a deeper contraction in the property sector remained a risk. The IMF said the world's second-largest economy will grow 5.2% this year, up from a COVID-subdued 3% in 2022, before easing to 4.5% in 2024.

global slowdown in growth, Marie Diron, managing director for global sovereign and sub-sovereign risk at Moody's Investors Services told CNBC. She also hinted on the possible impact of global economic slowdown on Asia through trade conditions as well as access to financing in the region. She also mentioned that the slowdown can be led by three factors, ie higher interest rates by central banks, China's slow growth, and financial system stresses.

Union Sports Minister Anurag Thakur felicitated the International Chess Federation FIDE World Cup 2023 runner-up R Praggnanandhaa and his parents on Friday. Speaking during the felicitation programme, Thakur said, "I congratulate him. He has made India proud.

Robert Bates, the founder of the Aquamamma and Aurum+ wellness empire, allegedly told his wealthy investors that “no one has ever lost money investing with me” and he would buy back their shares if companies that were part of the now-collapsed group failed to reach revenue targets.

Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading flat at around 19,389 level as compared to the Nifty futures’ previous close of 19,428.30. On Thursday, the market failed to sustain intraday gains and ended lower amid the monthly derivatives expiry.

«We expect the market to remain sideways on the back of mixed cues from global as well as domestic markets,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative startGIFT Nifty on the NSE IX traded 22.5 points, or 0.12 per cent, lower at 19,406.50, signaling that Dalal Street was headed for muted start on Friday.

Charlize Theron and Blackpink member Jisoo have struck an unlikely friendship, and fans can’t have enough of them! Recently, Jisso and Charlize were seen in a selfie, where the Fast X actor is seen giving a close hug to Jisoo from behind. This ‘hug selfie’ of two of the most popular females in the entertainment industry has gone viral. The candid selfie was shared by Jisoo on her Instagram stories, with a heart and an ‘I can’t believe it’ emoji.

By Svea Herbst-Bayliss

New Delhi: August has been the driest and warmest month in the entire country since 1901. Monsoon precipitation in August across the central India and the south Peninsular region has also been the lowest in 122 years since 1901, making it one of the worst and deficient monsoon months in history, India Meteorological Department (IMD) said on Thursday. Rainfall across the country was 162.7 mm this August compared to 254.9 mm actual.

Hindustantimes.com on Thursday. Chinese Premier Li Qiang will be flying directly to New Delhi after attending the 43rd ASEAN summit in Jakarta on September 5-7.

NEW DELHI : The government’s fiscal deficit has crossed ₹6 trillion or a third of the ₹17.9 trillion estimated in the union budget for FY24, data from the Comptroller General of Accounts (CGA) showed on Thursday. Fiscal deficit—the gap between spending and receipts, met through borrowings—stood at 33.9% of the full- year target in July, aided by strong tax and non-tax revenue receipts. Fiscal deficit in the first four months of FY23 was at 20.5% of the full-year target.

NEW DELHI : Politicians, pundits and commentators went into a tizzy on Thursday after the government announced a special session of Parliament from 18-22 September. Speculation ranged from a Uniform Civil Code legislation and a bill synchronising national and state elections, to legislation reserving seats for women in legislatures and a celebration of moon-landing and G20 presidency in the new Parliament building. The government is yet to disclose the agenda for the session, but parliamentary affairs minister Pralhad Joshi said there will be five sittings.

Jeff Brown wakes up early summer mornings, grabs his paddle board and heads off into the waves in front of his waterfront home in Collingwood, Ont. It is a cherished ritual, and among the perks of being semi-retired at age 64 and residing in a community of like-minded go-getters whose working days tend to be mostly behind them, so they don’t spend a whole lot of time talking about what they once did to earn a living.

The Albanese government will name and shame law firms that do not meet national pro bono targets, and is warning the laggards they could lose lucrative government work.

The Reserve Bank and corporate regulator should be more proactive about promoting competition in sharemarket post-trade services after the ASX’s CHESS replacement debacle, a parliamentary committee has been told.

Kwasi Kwarteng, the United Kingdom’s former chancellor, has been barred from advising his potential new employer, mining magnate Andrew Forrest, about UK energy affairs and lobbying the British government.