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Investing.com — There are four more weeks to this year’s Labor Day — the timeline typically used to ascertain the peak for summer oil demand; typically, because oil demand itself is so dynamic that it can go any way any time of the year.

By Louis Juricic and Sarina Isaacs

Fintech firm Enkash expects its business to grow by 36% to $30 million, about Rs 250 crore, in this fiscal on account of digitisation in small and medium business in the accounting segment, a senior official of the company said. Ascent Capital-backed Enkash founder Hemant Vishnoi told PTI the company focuses on spends management of small and medium enterprises that have over Rs 10 crore annual turnover and expects the customer base to double in the current fiscal. «We closed last financial year closer to $22 million revenue and we are targeting close to $30 million this year.

Affordable housing finance company India Shelter Finance, which is backed by Westbridge Capital and Nexus Venture Partners, has filed preliminary papers with the capital markets regulator Sebi to raise ₹1,800 crore through an initial public offering (IPO). The IPO comprises a fresh issuance of equity shares worth ₹1,000 crore by the company, and an offer for sale of ₹800 crore by investors Catalyst Trusteeship, Madison India Opportunities IV, MIO Starrock, Nexus Ventures III, and Nexus Opportunity Fund II, the draft red herring prospectus (DRHP) filed on Friday, read.

DK Shivakumar will hold their first meeting with a group of Congress MLAs in Bengaluru on Monday to hear out their grievances in a bid to stem any displeasure among the party’s lawmakers about the 10-week old government. The meeting comes in response to a promise the CM held to his party MLAs, last month, after about a dozen MLAs wrote to him demanding a Congress legislature party (CLP) meeting. He offered to meet MLAs district-wise every month.

In the ever-fluctuating world of cryptocurrency, the Bitcoin price currently stands at $29,034, experiencing a minor uptick of less than 0.10% over the last 24 hours. 

Telangana will soon achieve the target of 25,000 MW installed power capacity against the existing capacity of 18,756 MW, Chief Minister K Chandrasekhar Rao said on Sunday. Replying to the debate on the overall growth in Telangana in the Assembly, Rao also known as KCR alleged that NTPC which was mandated to set up 4,000 MW plant in the state as per the AP Reorganisation Act, has now taken up only 1,600 MW.

Mint, adding that the current account deficit (CAD) is expected to fall during the current fiscal from last year. Going forward, India will see higher growth on the back of infrastructure creation, strong investment, and the efficiency gains from harnessing digital infrastructure, he said. Edited excerpts from an interview.

national menstrual hygiene policy that seeks to ensure access to safe and hygienic menstrual products, improve sanitation facilities, address social taboos and foster a supportive environment. Through these measures, the policy strives to break barriers, eliminate stigma and create a society where menstrual hygiene is prioritised and leads to gender equality, education and overall development, official sources said. A national consultation with various stakeholders was held and in-person inputs have been collated, the sources told PTI.

Lok Sabha elections which is less than a year away, Karnataka Chief Minister Siddaramaiah and his deputy D K Shivakumar will hold marathon meetings with ministers and ruling Congress legislators for the next three days, party insiders said. These meetings with the district in-charge ministers, other ministers from districts concerned and MLAs and MLCs will take place at the chief minister's office residence 'Krishna' from 11 am to 7 pm with a break of two hours from 2 pm to 4 pm, the party office bearers said.

Manoj Sinha said on Sunday that the era of separatist and terror organisations disrupting normal life in the Valley on Pakistan's prodding has been relegated to pages of history, and development and peace are the buzzword here four years after the abrogation of Article 370. In interaction with a group of journalists, Sinha said it is now entirely up to the Election Commission to take a call on holding assembly elections in the Union territory after the completion of the delimitation exercise and revision of electoral rolls.

Rivne regions in western Ukraine and that «all targets were hit.» «Overnight Russia's armed forces carried out strikes… on Ukrainian armed forces airbases around the settlements of Starokostiantyniv in the Khmelnytskyi region and Dubno in the Rivne region,» the Russian defence ministry said. Ukraine said it faced several waves of attacks overnight, downing 30 out of 40 cruise missiles.

Narendra Modi on Sunday strongly criticized «corruption, dynasty rule and appeasement», saying that today the whole country is calling for these «evil forces to quit India». PM Modi was speaking after laying the foundation stone for the redevelopment of 508 railway stations in 27 states and UTs via video conferencing.

The district attracted attention in recent years after the sensational murder of DSP Surender Singh, who was crushed to death during a raid to stop illegal mining in the Aravali area. Nuh, located less than 100 km from the national capital, is again in the limelight due to the communal violence that erupted on July 31 in an attempt to stop a Vishva Hindu Parishad (VHP) procession. However, several factors have contributed to this transformation.

Let’s face it – investing in retail now is as contrarian as it gets. Domino’s Pizza Enterprises, the master franchisee for Domino’s in Australia and New Zealand, has been out of favour with investors for some time.

Narendra Modi laid the foundation stone for the redevelopment of 508 railway stations across the country via video conferencing on Sunday. Redeveloped at a cost of more than ₹24,470 crore, the 508 stations are spread across 27 states and union territories, including 55 each in Uttar Pradesh and Rajasthan, 49 in Bihar, 44 in Maharashtra and 37 in West Bengal. The railways has set an internal target of one-and-a-half years to two years to complete the projects.

Check the latest developments on Nuh's situation at Mint's LIVE BLOG:The Haryana government on Saturday said the attack on the cybercrime police station in Nuh district was aimed at destroying evidence related to a massive fraud unearthed earlier this year.The cybercrime police station was targeted during the violence that erupted in Nuh on July 31.Six people, including two home guards and a cleric, died in the communal clashes that erupted after a mob tried to stop a Vishva Hindu Parishad procession and spread to Gurugram over the last few days.A four-member CPI delegation to visit the violence-affected areas in Gurugram and Nuh in Haryana on Sunday.Amid heavy security deployment, mahapanchayat by Hindu Samaj at Tighar village in Gurugram started on Sunday.Curfew in Nuh lifted for the movement of public from 9 am to 12 noon (3 hours only) on Sunday. Residents stepped out of their houses to purchase vegetables and other medicines.

Archeological Survey of India (ASI) at the Gyanvapi mosque complex in Varanasi. He stated that they have discovered remains of fragmented idols amidst the debris and expressed hope that more idols will be recovered during the course of the survey, PTI reported. He mentioned that the survey primarily targeted the wuzu khana (ablution area) and the prayer space for Muslims.

Government restricts import of laptop, computers, tablets] for computing devices such as laptops, tablets, all-in-one personal computers (PCs), and servers that has now been [Government delays licensing mandate for import of laptops and PCs by 3 months] pushed by three months to 1 November, the idea of becoming an Atmanirbhar Bharat or a self-reliant India in the information technology (IT) hardware space remains a compelling, and logical proposition for the country on many counts. First, it will help the country reduce its imports from China (India’s trade deficit with China stood at $83.1 billion in 2022-23), pre-empt other geopolitical pressures that impact trading, and strengthen the country's hardware supply chain.

Russian oil tanker early Saturday off the eastern coast of occupied Crimea, Russian officials and a Ukrainian official said, the second strike on a Russian ship at sea in two days. That attack coincided with a new directive from Ukraine's maritime authority, dated Friday, warning that six Russian Black Sea ports and the approaches to them would be considered «war risk» areas until further notice.

Nifty fell sharply following the downgrading of the US credit rating from AAA to AA+, leading to a breakdown from the recent consolidation on the daily timeframe. The recent fall has pulled the index below the 21-day exponential moving average (EMA) for the first time since March 29. On an immediate basis, 19,300 acted as a support.