NOT Financial News

The next crypto bull run will look nothing like the last one and investors should tame their expectations of an imminent rocketing of cryptocurrency prices.

Manoj Vaibhav Gems IPO: The initial public offering (IPO) of Manoj Vaibhav Gems 'N' Jewellers Limited has opened for subscription today. The public issue will remain open for bidding till 26th September 2023. The south Indian jeweller has fixed Manoj Vaibhav Gems IPO price band at ₹204 to ₹215 per equity share.

By Gertrude Chavez-Dreyfuss

Reserve Bank of India (RBI) in its September bulletin and expressed concerns over the share of net financial assets by households in GDP declining to 5.1% in FY23 and 7.2% in FY22 from 11.5% in FY21. In absolute terms, net household financial savings added, stood at ₹22.8 trillion in FY21 and it came down to ₹16.9 trillion in FY22 and to ₹13.75 trillion in FY23. The ministry said that in spite of the trend of adding less financial assets to their portfolio than in the year before, it is important to note that households' overall net financial assets are still growing.

A high court order in favour of actor Anil Kapoor has barred the commercial misuse of his persona, including his characteristic use of the term ‘jhakaas.’ The interim order restrains social media channels, e-commerce platforms and people at large from infringing a broadly outlined set of his personal rights. The court ordered that the actor’s name, voice, image or dialogues must not be used without his authorization. So, using a voice clip of his for a ringtone, for example, now stands barred unless he approves.

The leaders of Manitoba’s two largest political parties promised Wednesday to not impose any more COVID-19 “lockdowns” as two new opinion polls suggested the Opposition New Democrats had gained a commanding lead in the run-up to the Oct. 3 provincial election.“I can tell you that if we are back in government, we will not be locking down again,” Progressive Conservative Leader Heather Stefanson said during a debate with other party leaders, hosted by the Winnipeg Chamber of Commerce.“I will tell you that the unintended consequences of locking people in their homes and shutting down businesses is devastating, and we’ve learned from that,” Stefanson later told reporters, citing a rise in mental health issues and addiction.Manitobans were never locked in their homes.

Aadhaar and PAN numbers for investing in post office savings schemes on March 31, 2023. This rule of mandatory submission of Aadhaar and PAN numbers for small savings schemes is part of the Know Your Customers (KYC) process. According to the notification, subscribers who have invested in post office small savings plans must provide their Aadhaar numbers by September 30, 2023, if they did not do so when they opened the small savings scheme accounts. Also read: 7 money changes in September; Changes in credit cards, small savings rules, Aadhaar free update, Rs 2,000 exchange deadlines

Aadhaar card would have to be mandatorily furnished for his admission to a private unaided recognised school under any of the three categories of economically weaker section (EWS), disadvantaged group (DG) and children with special needs (CWSN).

By Rajesh Kumar Singh

BANGKOK (Reuters) — Thailand's central bank is monitoring the weak baht, which is not entirely bad for the economy and could help the key export and tourism sectors, the prime minister said in remarks aired on Thursday, as the baht hit multi-month lows.

Amitabh Mohanty, MD and CEO of JM Financial Mutual Fund believes India is on a multi-decade growth path and the impact of global economic slowdown could be limited on the country. In an interview with Mint, Mohanty shared his views on markets, the economy and the sectors he finds promising. The process of investment remains the same for most investors. Disciplined asset allocation after proper analysis of risk appetite and time horizon of investment, could deliver results.

Signature Global IPO: The initial public offering (IPO) of Signature Global opened for subscription on Wednesday and it will remain open for bidders till 22nd September 2023 i.e. on Friday this week. The realty company aims to raise ₹730 crore from its public offer and it has fixed Signature Global IPO price band at ₹366 to ₹385 per equity share.

Hardeep Singh Nijjar on June 19 in Surrey, Vancouver, seeking evidence from Ottawa, offering to cooperate in the investigation, and briefing its key allies about both the emptiness of Trudeau’s charge and Canada’s tolerance and encouragement of terrorists and separatists working against India and Indian interests. According to several senior officials, the response, across several dimensions, follows a meeting of top foreign ministry and national security officials in the new Parliament building on Wednesday morning.

NEW DELHI : India is facing criticism from several World Trade Organization (WTO) members for failing to notify the trade body of its numerous export restrictions to secure domestic food supplies before national elections next year, three people aware of the development said. Commerce secretary Sunil Barthwal will chair a high-level meeting on Friday to potentially discuss India’s priorities at WTO’s 13th Ministerial Conference (MC13) in Abu Dhabi in February and chalk out arguments explaining New Delhi’s stance on the issue. This comes as India, the largest rice exporter, imposed curbs on exports of the commodity after a rainfall deficit during the monsoon triggered food security concerns.

G20 summit reported fair progress on some of the most nettlesome challenges confronting the world economy, such as debt relief to low-income countries, restructuring multilateral funding agencies and securing finance commitments for climate change. G20 itself has become a more inclusive forum with the inclusion of the African Union (AU).

Canada's participation at the Indo-Pacific Armies Chiefs Conference (IPACC) in the capital next week, said a senior Indian Army officer. The deputy chief of the Canadian Army will participate in the conference of top military leaders from 30 nations in the region, Major General Abhinaya Rai, additional director general, strategic planning, said on Wednesday, describing China as an «important partner» of the IPACC initiative. «It (the diplomatic row) doesn't impact us. The Canadian chief is coming here.

RBI) to revise the regulatory framework (March 2022) for it and also caution it against an exclusive focus on business growth (November 2022). What remains in question, though, is whether RBI’s revised regulatory framework addresses the moral charge it seeks to impose on the industry. Thus, it wasn’t surprising for us to see the CEO of Sa-Dhan write an op-ed in April 2023 that spoke of some hurdles faced by microfinance institutions (MFI) in their search for growth.

Justin Trudeau had to swelter in Delhi till last Tuesday because his plane failed him. Coming after an unusually public dressing down by Prime Minister Narendra Modi, his outburst on Tuesday accusing India of killing Khalistan leader Hardeep Singh Nijjar sealed his now-dead relationship with India. Canada is where wokeness and brightly patterned socks find their illogical home. Which would have been idyllic if their political parties were not so welcoming of bad guys of many stripes.

By Valerie Volcovici

Amit Shah said today that the Women's Reservation Bill is a matter of principle and not a political agenda for his party and Prime Minister Narendra Modi. «For some political parties, the women reservation bill could be a political agenda; it could be a tool to win polls, but for our party and PM Modi, it is not politics; for us, reservation for women is a matter of principle,» Shah said while speaking in the Lok Sabha today. During the discussion over the Women’s Reservation Bill in the Lok Sabha, Shah said that PM Modi brought forth the vision of women-led development in front of the entire world during the G20 and said that the passage of the bill will mark the start of a new era. He also recalled how Modi implemented a 33% reservation for women in the BJP years ago. «Women's security, respect, and equal participation have been the life force of government since PM Modi took the oath of office,» Amit Shah said. The Home Minister also said the Women's Reservation Bill will put an end to a long fight for the rights of women and initiate women-led development in India. It will ensure the participation of women in decision-making, and policy-making in the country, he added. Taking a dig at Congress President Mallikarjun Kharge, Amit Shah said, «Whoever lives in this country, whose roots are connected to India, cannot make the mistake of considering women as weak.» Kharge created a controversy yesterday after he said that some political parties picked “weak women” as candidates and “won't choose those who're educated and can fight.” “Largely, ladies from backward and scheduled castes are not that literate.

ATP Tour, India's number one tennis player Sumit Nagal is left with less than Rs one lakh in his bank account and a morose feeling of not leading a comfortable life. He has been training at the Nansel Tennis Academy in Germany for a few years but lack of funds meant that he could not train at his favourite place in the first three months of season 2023. His friends Somdev Devvarman and Christopher Marquis helped him stay in shape in January and February before he finally managed to fund his stay in Germany. The fund crunch is the story of probably every Indian tennis player but the fact that the country's number one singles player is not saving enough money for himself and his family just exposes the unhelpful system and the brutal Tour where the players wage lonely battles. To stay and play on the extravagant ATP Tour, Nagal has invested all his prize money, his salary from IOCL and the support he gets from Maha Tennis Foundation. The expenditure is related to his stay at the training centre in Peine and his travel for tournaments along with either his coach or a physio. «If I look at my bank balance, I have what I had at the beginning of the year.