Open Financial News

Apple's iPhone 15 range launched in India with eager customers queuing up outside official stores in Delhi and Mumbai. Rahul, the first customer at Apple Saket, arrived at 4 am to buy the iPhone 15 Pro Max, expressing excitement about being among the first to own it. Similarly, Vivek from Bangalore was thrilled to get his iPhone 15 Pro despite not being first in line.

₹1.43 trillion, of which ₹52,497 crore has to come from SBM-G and the remaining has to come from 15th finance commission funds ( ₹51,057 crore) and MGNREGA ( ₹24,823 crore). The central share allocation from SBM-G for the current fiscal is ₹7,192 crore and states have planned for an expenditure of ₹22,264 crore.

Women's apparel brand Chique is planning for expansion into tier-2 and 3 cities across India. The company said that it plans to open over 150 stores in the next three years. The company already has a presence in 26 cities, including Delhi, Ahmedabad, Lucknow, Jaipur, Hyderabad, Ludhiana, Gurugram, Bangalore, and Mumbai.

The Dow Jones Industrial Average rose 6.66 points, or 0.02%, at the open to 34,077.08.

Indigo flight, a 41-year-old man, identified as Biswajit Debath, made an attempt to open an emergency door while the aircraft was in mid-air. Authorities reveal that Biswajit, a resident of Jirania in West Tripura, was struggling with depression and reportedly expressed a desire to jump from the plane. The incident escalated into a confrontation with the flight crew, resulting in Biswajit Debath being detained on charges of «endangering the lives of hundreds of passengers.» Airport Police Station in Agartala's Officer in Charge, Abhijit Mandal, stated, «Biswajit has confessed that he suffers from depression and was trying to open the emergency door mid-air.» This unsettling episode transpired around 1 pm on Thursday, when the plane was merely 15 miles away from Maharaja Bir Bikram Airport in Agartala.

rupee depreciated marginally to end 2 paise lower at 83.09. Indian government bonds will be included in the Government Bond Index-Emerging Markets index and the index suite, JPMorgan said on Friday.

(Reuters) — Many U.S. government services would be disrupted and hundreds of thousands of federal workers furloughed without pay if Congress fails to provide funding for the fiscal year starting Oct. 1. Workers deemed «essential» would remain on the job, but without pay.

NDTV. According to airport officials in Tripura's capital Agartala, the passenger -- Biswajit Debnath -- was stopped by other passengers when he tried to force open the emergency exit.

Vaibhav Jewellers IPO: The mainboard initial public offering (IPO) of Andhra Pradesh-based Manoj Vaibhav Gems N Jewellers will be opening for subscription on Friday, September 22. Also known as Vaibhav Jewellers, the firm is a regional jewelry brand in South India.

Inter Miami won 4-0 even without their talisman leader. Messi was laboring with what appeared to be a leg issue. Inter Miami coach Gerardo «Tata» Martino said after the game that the Argentine star will miss Sunday's game at Orlando. «He had an old injury that had been bothering him,» Martino said, as relayed through a team official who translated his remarks from Spanish to English, as per an AP report. It was the second big injury blow for Inter Miami on Wednesday. Jordi Alba — another celebrated midseason addition — had to leave in the 34th minute, shortly before Messi's night was over. Alba will not play Sunday, either.

The Canadian High Commission and consulates in India remain open in spite of a brewing diplomatic crisis. Visa services for Canadian nationals have however been suspended and both countries warned citizens against travelling at this time.

New Delhi: Bengaluru-based fintech firm Perfios has acquired Chennai-based open finance platform Fego.ai, two people aware of the development told Mint. The discussions started during Global Fintech Fest 2023 in Mumbai recently. The deal was closed this week.

Babu Lal is the go-to finance guy for his family, friends and acquaintances. So when his cousins decided to start investing in December 2022, they sought Lal’s help. Lal, a 32-year-old fintech consultant based in Churu, Rajasthan, recommended that they start with direct mutual fund (MF) plans, without going through distributors and save on commissions. The next step was to help them open a mutual fund investing account. But that proved to be cumbersome.

Yashobhoomi conference complex in Dwarka is all set to be commissioned this October, marking a significant milestone in India's pursuit of world-class exhibition and convention facilities. Officials have announced that a Korean operator has been selected to manage the exhibition halls and convention center under a revenue-sharing model.

Digikore Studios (Digikore) synonymous with Hollywood movies ans shows like Stranger Things, Deadpool, Star Trek, Thor: Love and Thunder and Titanic will launch its initial public offering (IPO) on Monday, September 25. The issue closes on September 27, Wednesday. The price band for the IPO has been fixed at Rs 168-171 per equity share. The IPO comprises a total of 17,82,400 equity shares, including a fresh issue of 1,260,800 equity shares and an offer for sale (OFS) of 5,21,600 equity shares, the company said in its media release. The minimum bid lot for investors is set at 800 shares.

US Federal Reserve later in the day. The US dollar index, which measures the greenback against a basket of rivals, stayed mostly flat at 105.13, Reuters reported. On Monday, the rupee depreciated 8 paise to end at a record closing low of 83.27 a dollar.

KYC: option 1 - submit the document at an SBI branch of choice in India; option 2 - Attest the KYC documents by a Notary, Indian Embassy, High Commission, SBI Foreign Office, Representative Office, Court Magistrate, or Judge and mail them to a centrally designated branch for processing. Customers can track the status of their applications in real-time SBI is the largest commercial bank in terms of assets, deposits, branches, customers, and employees.

Hyundai is rushing to start electric vehicle and battery production at a $7.6 billion complex in coastal Georgia, spurred by federal electric vehicle incentives that reward domestic production

Cowrks, a flexible and managed office provider backed by Brookfield Asset Management, is set to expand its presence across major cities by opening new centres within large office campuses owned by the fund, said its senior vice president Parul Thakur. The company plans to open six new centres with 3,600 seats in Pune, Mumbai, Bengaluru and Chennai by the end of 2023, catering to increasing demand for a hybrid work model among large corporations, she said. “Since the acquisition, the focus was more on stabilising assets than expanding. We turned EBITDA positive mid-last year and will be adding newer properties within our business parks but will be mindful of expansion.

Bitcoin's (BTC) open interest on derivatives exchanges experienced a sudden surge of $1 billion on Sep. 18, prompting investors to question whether whales were accumulating in anticipation of the unsealing of Binance's court filings.

By Ankika Biswas and Shristi Achar A