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Bharti Airtel's introduction of India's inaugural wireless home Wi-Fi service, Mukesh Ambani-led Reliance Industries made a similar announcement during its 46th AGM, stating plans to launch Jio AirFiber on September 19. Ambani explained during the AGM that their extensive optical fiber network connects them to over 200 million locations. The Jio AirFiber devices is aimed at providing last-mile connectivity to many parts of India. As for pricing, while Reliance hasn't disclosed specifics, there is precedent to suggest that consumers can expect rates lower than existing options.

Account Aggregator framework was expected to be a watershed moment, not unlike UPI, for financial services. So far, its enormous impact has been evident in consumer lending, but with the inclusion of Goods and Services Tax Network (GSTN) on the Account Aggregator framework, credit access to micro, small and medium enterprises (MSMEs) is also expected to be eased. The MSME sector has long been denied adequate credit due to a variety of reasons.

Motilal Oswal Mutual Fund has launched Motilal Oswal Developed Market Ex US ETFs Fund of Funds, an open-ended fund of funds scheme investing in units of Global ETFs which track the performance of developed markets excluding US. The new fund offer or NFO of the scheme is open for subscription and it will close on September 21. The performance of the scheme will be benchmarked against S&P Developed Ex-U.S. BMI Total Return Index. The scheme will be managed by Ankush Sood (foreign investments), and Rakesh Shetty (debt investments).

A majority of the economists see the central bank leaving interest rates unchanged at the end of the meeting, even though inflation remains higher and above the targeted 2%. The consumer price index-based inflation in the US rose 3.7% from a year ago in August, primarily due to the spike in gas prices. This was up from a 3.2% annual increase in July. Even Though the inflation has cooled off significantly from the peak and moved closer to the Fed’s 2% target, the recent rise in oil and gasoline prices pose upside risks to inflation. During its previous policy meeting in July the Fed committee had said that it will continue to assess incoming data and its implications for monetary policy. Indicating that price pressures remain a pain point even after a significant moderation from the peak, the Fed said it was watchful to inflation risks and was committed to bring it down to its target of 2% annual increase. In the minutes of the Fed’s previous meeting too, the central bank hinted at interest rates staying higher for longer amid inflation risks. According to the CME Fedwatch tool, 99% of the investors are expecting the Fed to leave the federal funds target range at 5.25-5.50%. Given that the status quo has been largely factored into prices, the outlook for interest rate trajectory for the rest of 2023 is what will be closely tracked by investors across the globe on Wednesday. “Markets expect the Fed to sound hawkish while pausing and indicate one more rate hike this year.

«I think the patient realisation has also gone up. It is nearing almost per patient to about 800 bucks or something and I think there is a lot of unorganised market here,» says Gurmeet Chadha, Complete Circle Consultants.Within pharma and healthcare which are your top recommendations?So, we again are tracking diagnostics. Initially, we had issues when the disruption happened by the new-age companies.

Ratings agency Moody’s says Fortescue’s high rate of executive turnover is negative for its credit rating, but expressed confidence the iron ore miner had significant headroom to fund its pivot into clean energy.

BEIJING — In the years since Alibaba's U.S. listing in 2014, early-stage investing has drawn tens of billions of dollars into China with relatively little to show for it.

NEW DELHI : The government has collected ₹8.65 trillion in direct taxes up to 16 September after accounting for tax refunds, making up more than half of its annual target, the Central Board of Direct Taxes (CBDT) said in a statement. Direct taxes collected so far, including the first two instalments of advance tax collections, show a 23.5% growth over the tax receipts from these sources a year ago, CBDT said. The Centre had projected a 10.5% annual growth in direct tax collection in the current fiscal year at ₹18.2 trillion.

MUMBAI : Tata Capital Ltd is restructuring its operations and expanding its board as part of the Tata group’s plan to take the non-bank lender public, two people with direct knowledge of the matter said. “The group is targeting an IPO (for Tata Capital) in 2025. The board has been expanded, and mergers of some of the group firms under Tata Capital have been done as a part of the IPO plan," one of the two people said on condition of anonymity.

Several Small Cap Funds have multiplied investors’ wealth multiple times in the last 10 years. As per data on the website of the Association of Mutual Funds in India (AMFI), as many as five small-cap funds have given around 25% or more annualised returns in 10 years under their respective direct plans till September 15. The regular plans of these schemes have also given over 23% annualised returns in 10 years.

How to use YONO SBI NRI account opening service: State Bank of India (SBI) has introduced a digital facility for NRIs to effortlessly open NRE and NRO accounts (both savings and current accounts) through SBI’s YONO app. This service has been designed for“new to bank” customers, providing them with ease and efficiency in the account opening process, SBI said in a statement. 

₹3.5 trillion (US$ 48 billion) in 2022, as projected by ICRA, the infrastructure and real estate sectors are poised for significant growth. This upward trajectory can be attributed to escalating demand, positive market sentiment and supportive government policies. Amidst this thriving landscape,Sattva Group, founded in 1993, has solidified its presence in 8 cities across India and is now hailed as one of the most sought-after builders in the country.

G20 summit are yet another reminder of the growing and ever-present threat to digital security. In fact, several hackers are likely to have attacked India's digital infrastructure during the summit, claims CloudSEK, a cyber-security company. Between 2020 and 2022, India averaged 1.3 million cybersecurity incidents a year, according to data presented in Parliament based on incidents reported to or tracked by the Indian Computer Emergency Response Team (CERT-In), a government nodal agency.

The world’s first fractional bond exchange using the latest in distributed ledger technology now has Citi Securities Services as its first digital custodian participant.

Index-tracking funds are inching closer to free. State Street last month slashed the fee on its cheapest S&P 500 exchange-traded fund, known by ticker symbol SPLG, to 0.02%—making it less than a quarter of the cost of its popular SPY fund that tracks the same stocks. It is now the cheapest index fund in its class.

United States Military has sought public help to track or find the missing F-35 jet after a "mishap" caused its pilot to eject on Sunday afternoon. The fighter jet of the US Marine Corps went missing mid-air after an emergency caused its pilot to eject. A stealth-capable US fighter jet vanished, not from prying eyes but rather from the American military, prompting an unusual call to the public to help locate the missing multimillion-dollar plane.

Railway Board has stressed on the need for dedicated coal corridors to meet the growing power demand in the country. The majority of the coal flows from the states of Odisha, Jharkhand, and Chhattisgarh to the north, west, and southeast of the country, there is a need to develop tracks exclusively for coal movement on these routes, the report on estimation of coal transportation by Rail-2030 said. “It is necessary to create coal corridors in these routes in line with Dedicated Freight Corridors (DFC),” the report said adding that the East-Coast DFC corridors as well as the eastern part of the East-West DFC corridors have to be developed on priority to provide access to coal mainly from Talacher to Ports dotting the eastern coastline. According to the estimation, energy requirements of India will annually increase to approximately 3000 billion units (BU) by 2030.

Chandraprakash Padiyar, Senior Fund Manager, Tata MF, says “all parts of home improvement look quite attractive to us. Whereas it is more about company specific within the sector that you choose from for your portfolio. But if you look at the general growth trends for the overall sector, I would say that the next three-five years look quite interesting for the overall home improvement sector. Within our portfolio, we are more towards the plywood space and sanitaryware ceramics.”What are your thoughts on this valuation argument for the broader market versus the larger cap universe? The argument now coming out is that the larger cap universe is much more fairly valued and mid and smallcaps have run way ahead of fundamentals and hence the tilt should be towards the largecaps. Do you subscribe to this argument?On largecap versus mid and smallcaps, I also at this point in time, maybe for the next 12 months or so, belong to the same camp which says that there is reasonable valuation on the largecap side and a part of midcaps and small caps may have run beyond fundamentals for a short period of time.

Association of Mutual Funds in India (Amfi) showed. Apart from inflow, the asset base of Gold ETFs and investors' account or folio numbers increased in the period under review. According to data, gold-linked ETFs have seen an inflow of Rs 1,028 crore in August. This came following an inflow of Rs 456 crore in the segment in July.

India (SBI) has introduced a digital facility for Non-Resident Indians (NRIs) to effortlessly open NRE and NRO accounts (both savings and current accounts) through its mobile app YONO. This service is designed for NTB or 'new to bank' customers, providing them with ease and efficiency in the account opening process, SBI said in a statement on Monday. This initiative fulfils a long-standing demand from NRI customers for a hassle-free way to open and manage their accounts in India, it said. An Non-Residential External (NRE) account is a bank account opened in India in the name of an NRI, to park his foreign earnings; whereas, an Non-Resident Ordinary (NRO) account is opened in India in the name of an NRI, to manage the income earned by him/her in India.

NavIC, India's homegrown GPS alternative, is the story of how India changed from a country that depended on others for its crucial needs to the one that is confident of creating a place of its own in the global power hierarchy. With Apple agreeing to incorporate NavIC, or Navigation with Indian Constellation, in its latest iPhone15 smartphones, India has taken an important step towards ‘atmanirbharta’, replacing the GPS (Global Positioning System) of the US which smartphone makers in India mostly use.