Open Financial News

Indian students comprise over 21 per cent of the total population of international students in the United States. During the 2021-2022 academic year, nearly 200,000 Indian students were studying in the United States.

IPOs in August: The primary market witnessed some major listings in both main board and SME IPOs in July, which kept investors engaged with subscriptions and listings. Moving on, August will also witness new listings some much-awaited IPO issues that are available for subscription. Let's take a look at some of the companies that are opening for subscription this month, along with few that are getting listed on the bourses.

Indian shuttler HS Prannoy entered the Australian Open final after defeating compatriot Priyanshu Rajawat in straight games here on Saturday. The world number nine Prannoy took 43 minutes to ward off 21-year-old Rajawat's challenge 21-18 21-12.

F1 visa is opening up at various consulates in India, giving hope to students who want to pursue their Masters in United States. Some of these students have faced rejections in the past and hope that they will be able to finally get their hands on the visa. «I have deferred my admission twice since last year as my visa got rejected a couple of times. In my desperation, I even went to Vietnam for a visa interview, but even there my visa was rejected,» said Rakesh P, who is now set to travel to New York on August 14 to TOI. He attended a visa interview in New Delhi recently and has been approved to study in the US, on his third attempt. Another candidate, Vijay M, said: «I have been appearing for interviews since June last year. I deferred my admission five times. Finally, my visa has been approved now and I will be travelling next week.» Vijay too appeared for his last interview from Chennai. US student visas grew by the largest annual margin seen in over a decade, in line to becoming the highest single-year total of F-1 visas since 2016.

TVS Supply Chain Solutions will open on Thursday, July 10. In the SME space, Srivari Spices and Foods will launch its public issue on Monday, August 7. Investors will also have the opportunity to subscribe to the ongoing issues viz.

The launch of the controversial digital ID crypto project, Worldcoin, has stirred up a wave of attention and debate. Led by Sam Altman, the CEO of OpenAI, Worldcoin made headlines with its promise to introduce a futuristic digital identity system based on iris scanning, differentiating humans from artificial intelligence (AI) entities.

Bombay High Court judge Justice Rohit Deo resigned in an open court on Friday. The judge cited personal reasons for his resignation. At the high court in Nagpur, Justice Deo also said that he could not compromise on self-respect, PTI reported.

By Shubham Batra and Bansari Mayur Kamdar

Mint delves into these two transformative bills that will increase the scale and scope of mineral exploration and production. The OAMDR Act, 2002 came into force in 2010. However, no mining activity has been undertaken in the offshore areas till date.

capital market regulator’s approval for the launch of IPO in July. Read here: TVS Supply Chain Solutions gets Sebi's nod for IPO launch.

By Brendan O'Boyle

NEW DELHI : The government will put up over 12 offshore mineral-bearing areas for auction to the private sector before the end of 2023, an official aware of the plans said. The Geographical Survey of India has estimated 79 million tonnes of heavy minerals lying untapped off the country’s 7,517-km long coastline.

(Reuters) — Canada's main stock index lagged at open on Thursday, hurt by losses in materials and financials stocks as risk appetite remained on a weak footing a day after a surprise downgrade of the United States' credit rating.

Alibaba Group, the Chinese tech and e-commerce giant, announced the release of two open-sourced artificial intelligence (AI) models from its cloud computing department on Aug. 3, according to a press release. 

NRI account proves helpful. By opening a savings account meant for NRIs they can transact conveniently in India while living abroad. Let’s understand the finer details and benefits of an NRI Savings Account.

Sam Altman co-founded tech firm WorldCoin is extending its reach by enabling governments and private businesses to leverage its controversial iris-scanning and identity-verification technology, Reuters reported. 

Kalyan Jewellers on Thursday announced that it will launch 11 new stores across the country in August expanding its footprint across destinations while India is seeing an increased shift towards organised jewellery market. With this expansion, the jewellery brand will mark the milestone of its 200th showroom launch globally.

Karan Adani, Director, Ambuja Cements, says: “ We keep looking at opportunities. If it comes at the right price which is very strategic, we will keep our options open.” Coming to Sanghi Industries, with its location advantage and unique marine infrastructure, Adani says “the idea is that we want to make its Kachchh plant the lowest cost clinker production plant in the country and the target is to manufacture clinker at around Rs 1,500-1,600 per tonne.”Ambuja Cements has acquired a majority stake in cement maker Sanghi Industries at an enterprise value of Rs 5,000 crore. Can you explain the logic behind this move?First of all, there are a lot of location advantages in this transaction.

Decentralized network provider Nodle has launched a bluetooth hardware sticker that is aimed at increasing Internet-of-Things (IoT) connectivity for a variety of industrial use cases.

Tata Motors dealerships have started accepting pre-orders for the upcoming Punch CNG variant unofficially, reported HT Auto. To secure a booking, customers need to pay a token amount of ₹21,000. The Punch CNG model was initially showcased at the 2023 Auto Expo and is expected to be equipped with the automaker's twin-cylinder technology.

IPO) of SBFC Finance will open for public subscription on August 3. The issue will be available till August 7. The anchor investor allocation will be done later in the day.