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Annie Lennox is not retiring

Joe Biden who departed to India to attend the G20 Summit does not intend to meet with Chinese Premier Li Qiang this weekend, as reported by Bloomberg. The president’s national security advisor, Jake Sullivan, briefed reporters on the summit agenda after the president left Washington on the trip, which will also take him to Vietnam. “We don’t have a plan for the president to engage with the Chinese premier at this time," Sullivan said as quoted by Bloomberg.

EMS IPO: The initial public offering (IPO) of EMS Limited has opened today and the public issue will remain open for bidding till 12th September 2023. The book build issue aims to raise ₹321.24 crore from its initial offer. The water treatment and waste water management company has fixed EMS IPO price band at ₹200 to ₹211 per equity share.

IMF) and the Financial Stability Board (FSB) has set out a roadmap to coordinate measures to stop crypto assets from undermining macroeconomic and financial stability. However, the synthesis, put together at the request of the Indian G20 presidency, stopped short of endorsing a blanket ban on such assets, saying it can be “costly and technically demanding to enforce”. The crypto asset regulation is a key part of the agenda for G20 leaders when they meet in New Delhi this weekend. The IMF-FSB Synthesis Paper: Policies for Crypto-Assets provides comprehensive guidance to address the macroeconomic and financial stability risks posed by crypto-asset activities and markets, including those associated with stablecoins and those conducted through so-called decentralised finance (DeFi). The paper cautioned that these digital assets could have significant implications for monetary stability and capital flows, especially if they are granted official currency or legal tender status.

By Davit Kirakosyan

pension funds on the lookout for avenues of safe deployment with stable returns. The money the government gets from selling such an asset to a buyer at a decent price, it can put that money to building yet another highway or airport.

The dollar’s recent strength has confounded naysayers, and according to some hedge funds, the rally isn’t over.

China on Thursday showing falling exports fanned more fears about a slowdown in the world's second-biggest economy, which has struggled with its post-Covid recovery. Governments and markets alike are concerned about these indicators — the size of China's economy and its connections with the rest of the world mean any ups and downs are felt far and wide. Here is a rundown of the problems facing China's economy, and why analysts believe Beijing is not doing enough to fix them: The abandonment of tight pandemic restrictions in December set off a gradual resumption of consumer activity in China as people started dining out, shopping and using public transport more frequently. But the highly anticipated economic rebound was weaker than expected and did not reach all sectors — industrial production, for example, is still struggling. And a post-Covid rally has since completely run out of steam. As many other major economies grapple with inflation, consumer prices in China fell by 0.3 percent year-on-year in July to enter deflation — a sign of sluggish demand. Youth unemployment rose so high in June that authorities suspended the publication of that data, while traditional growth engines such as exports, real estate and consumption remain stalled. Analysts say these trends are increasingly pushing China's annual growth objective of around five percent out of reach. Property development and linked industries have been a key pillar of the Chinese economy in recent years, providing a sizeable chunk of its GDP. But the sector is in a deep crisis. Many leading developers including Evergrande and Country Garden have come under increasing financial pressure lately, with their astronomical levels of debt bringing bankruptcy concerns to

Deutsche Bank said on Wednesday. «Given that inflation peaked significantly above target, the Fed should err on the side of tightening too much, rather than too little,» Deutsche Bank analysts said in a note. «A US recession remains more likely than not.» Investors in recent months have increasingly embraced hopes that the Fed could lower inflation to its 2% target without sending the economy into a tailspin, as economic data showed the economy has remained strong despite the rapid increase in interest rates over the past 18 months. While that «soft landing» can still be achieved, it remained likely that the Fed would need to «depress demand below potential» to bring inflation to target, said the Deutsche Bank analysts, adding that they expected pressure on the U.S.

IDBI Bank and the qualification criteria set out have caused a stir among the big four accounting firms that could lose out on the job despite their involvement in some of the biggest banking mergers in recent years. A request for proposal (RFP) document circulated by the government's department of investment and public asset management (DIPAM) on September 1 states that only valuers registered with the Insolvency and Bankruptcy Board of India (IBBI) are eligible for applying to value IDBI Bank's assets. Further, the registered entities need to have a turnover of above ₹5 crore for three consecutive financial years and also need to have carried out valuations of financial assets above ₹5,000 crore through the registered entities. The big four accounting firms, Deloitte, EY, PwC and KPMG could get eliminated from the selection process because they could fall short of the eligibility criteria for turnover or because they carried out large valuations exercises from different entities and not their IBBI-registered valuer entities, according to sources. For instance, Deloitte was the valuer on the $64-billion merger of HDFC and HDFC Bank but its IBBI-registered entity doesn't meet the turnover threshold because it was recently incorporated.

Roman Storm, the co-founder of controversial cryptocurrency mixer Tornado Cash arrested in August, has reportedly pleaded not guilty to all charges related to money laundering and violations of United States sanctions.

Tornado Cash, a cryptocurrency platform under US sanctions, pleaded not guilty on Wednesday to federal charges he helped facilitate more than $1 billion in money laundering, including for a cybercrime group linked to North Korea's government. Roman Storm, a naturalized US citizen, entered his plea before US District Judge Katherine Polk Failla in Manhattan.

Joshi said Wednesday the Congress party and the Gandhi family must condemn DMK leader Udhayanidhi Stalin's remarks on the Sanatan Dharma if they really believe in equal respect for all religions as their silence will amount to endorsing the controversial comments. Speaking to reporters, Joshi said Congress leader and Karnataka minister Priyank Kharge also supported Stalin's comments. He demanded condemnation from senior Congress leaders including Sonia and Rahul Gandhi for these remarks. Taking on opposition leaders, he said they don't have the «courage» to criticise other religions even though they have shown little reform over centuries.

By YP Rajesh

D K Shivakumar on Wednesday said changing the name of the country from 'India' to 'Bharat' will not serve any purpose unless it benefits people. Amid the India-Bharat naming row, he took a swipe at the BJP-led government at the Centre questioning them as to which of their promises were fulfilled. «Changing the country, and not changing the name, is important.

leadership of Narendra Modi. My principles are in line with my grandfather Sarath Chandra Bose and his younger brother Netaji Subhash Chandra Bose... Their principles were that they saw every religion as Indian...

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₹200 per kg of leaf, and will collapse without urgent financial support. According to industry reports, 50 of the 87 registered gardens that qualify for the “Darjeeling Tea" GI tag, are up for sale. India’s overall production of tea has remained flat for several years at around 1.3 billion kgs, while the average price of CTC tea fell to ₹171 per kg in FY23.

Transport Minister Catherine King says she does not recall being lobbied by former Qantas boss Alan Joyce before she blocked more Qatar Airways flights, which the Coalition says commercially benefited Qantas.

central government employees to not use Apple's iPhones and other foreign devices for official work, The Wall Street Journal reported. The new directive is an attempt by China to cut reliance on foreign technology and limit the flow of sensitive information outside of the country.

Rohit Srivastava, Founder & Market Strategist, Indiacharts.com, says “if you look at both daily and weekly charts, the smallcap index has like an 86 reading on the daily chart, it can appear high. But in extended moves, these readings can remain there for a prolonged period of time. So I will give it a while. I think there is a need for some kind of a pullback which may not happen immediately. So I will push it forward till the largecaps really catch up.”We are headed to 20,000 but it looks like we have hit a break as far as the last 1-2 hours are concerned. Do you still believe that the rally to 20,000 is intact and likely to happen in September itself?Yes, that remains my view. In the short-term intraday, we are just going to be watching 19,530. What is important about 19,530 is not just the 20-hour average but also if we take the last two highs from where the market sold off and drew a trend line, that support also comes in at around 19,530. That is sort of a breakout point that will get retested between 19,530 and 19,520.