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Prime Minister Narendra Modi who was away for the 15th Summit visited the ISRO Telemetry Tracking and Command Network Mission Control Complex on Saturday and highlighted that ISRO's scientists had successfully expanded the 'Make in India' initiative to reach the lunar landscape. “Today, I am feeling a different level of happiness… such occasions are very rare… this time, I was so restless… I was in South Africa but my mind was with you," PM Modi said.

(Reuters) — Shares of Vietnamese electric-vehicle maker Vinfast surged 30% in premarket trading on Monday, extending a rally from last week that more than quadrupled its market value to $160 billion.

European stocks started the week on a positive note, tracking Friday’s gains on Wall Street following cautious comments from central bankers at Jackson Hole. China’s support measures for its equities market helped lift sentiment.

The financial capital of India has recorded the sixth highest year-on-year growth in prime residential property prices among global cities in the April-June period of 2023. In the second quarter of 2023, the prices of prime residential properties rose by 5.2 per cent year-on-year in Mumbai.

Jio Financial Services will enter the insurance sector, said Mukesh Ambani at Reliance's 46th annual general meeting (AGM) on Monday. "JFS will enter the insurance segment to offer simple, yet smart, Life, General, and Health insurance products through a seamless digital interface, potentially partnering with global players. It will use predictive data analytics to co-create contextual products with partners and cater to customer requirements in a truly unique way," said the Reliance Chairman. JFS plans to democratise financial services for 1.42 billion Indians, giving them access to simple, affordable, innovative, and intuitive products and services, he said. Mukesh Ambani talked about the joint venture of Jio Financial Services with US-based BlackRock, the world’s largest asset manager. «BlackRock is the world’s largest asset management company, managing assets worth over USD 11 trillion with a stellar reputation and track record.

Morgan Stanley Real Estate Investing (MSREI) has partnered with industrial and logistics real estate developer Prakhhyat Group to develop a warehousing project spread over 7 lakh sq ft in Bhiwandi near Mumbai. MSREI has invested around Rs 350 crore to acquire majority equity stake in the project One K-Square will be developed in the Mumbai-based warehousing major’s existing facility K Square Logistics Park. In September 2021, it closed a $3.1 billion real estate fund and has been investing across assets from that pool. It has so far invested in over 5.6 million sq ft of logistics assets across India’s key warehousing hubs. “Industrial and Logistics as an asset class is a high-conviction theme across our investment strategy and we are partnering with Prakhhyat Group to develop a top-class warehousing park in one of the strongest logistics clusters in the country,” said Anand Iyer, Vice President, MSREI India. This alliance marks MSREI’s entry in the Bhiwandi sub-market of Mumbai Metropolitan Region (MMR). “Our experience in this market has helped us establish a solid track record in the logistics space.

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Reliance Chairman Mukesh Ambani sounded upbeat about the India story and revealed the company's ambitious plans in his speech at the 46th Annual General Meeting (AGM) of the company. Highlighting that the new India is full of self-confidence and the new Reliance is the forerunner of the emerging new India, Ambani pointed out that Reliance Industries’ consolidated revenues stood at ₹9,74,864 crore, while EBITDA for FY23 was ₹1,53,920 crore in FY23. The net profit was ₹73,670 crore.

coronavirus infections have been reported in the US, Europe and Asia, with cases attributed to the EG.5, "Eris" subvariant, a descendant of the Omicron lineage. While India has reported only one case of this variant so far, authorities are concerned and have swung into action. Indian scientists have stepped up genome sequencing.

Neeraj Chopra made India proud again after he became the first Indian to win a gold medal in the World Athletics Championships. He scripted history on Sunday with a best throw of 88.17m in the men's javelin final in Budapest. The 25-year-old dominated the competition and achieved his best throw of the day in his second attempt.

Jamna Auto Industries with a target price of Rs 135. The current market price of Jamna Auto Industries is Rs 116.75.

Reliance Industries shares last week makes it evident that investors are not expecting Mukesh Ambani to make some big-bang announcement at today's annual general meeting (AGM) of RIL. But if the billionaire reveals the roadmap for any further value-unlocking exercise, it could change the stock's trajectory in the near term. Shareholders of the demerged entity Jio Financial Services (JFSL), which has lost almost 20% from its listing price of Rs 265, are also eagerly waiting for Ambanis to spill the beans on the company's future plans. In FY 2019 AGM, while discussing the company's consumer-facing businesses of retail and Jio, RIL’s management had announced it would “move towards listing of both these companies within the next five years”.

Nischal Maheshwari, CEO-Institutional Equities, Centrum Broking, says “in a long-term portfolio, I would not bother for the next 5-10% fall in Jio Financial. I would start nibbling right away and on every 5% fall, I will keep on adding. I would go out and buy maybe 25% of whatever I wanted to buy today and thereafter every 5% fall I will keep on adding another 25%.”What is your take on RIL’s AGM? What will the market participants be watching out for given that there is no big-bang new announcement?One thing that the market and everybody is waiting for is what is going to be the plans for Jio which got listed a couple of days back and after the listing, the prices fell and then last Friday there was very aggressive buying by some of the mutual funds.

rupee was trading in a narrow range and appreciated by 12 paise to 82.52 against the US dollar in early trade on Monday, tracking positive Asian peers and domestic equities. Forex traders said the rupee is trading in a range as selling pressure by foreign investors dented sentiments, while easing crude oil prices cushioned the downside. At the interbank foreign exchange, the domestic unit opened at 82.58, then touched a high of 82.52 against the American currency, registering a rise of 12 paise over its last close. In initial trade, the rupee also touched a low of 82.59 against the American currency. On Friday, the rupee declined by 8 paise to settle at 82.64 against the US dollar. «After a not too hawkish Powell in Jackson Hole Symposium on Friday risk assets were all up as Dow Jones Rose by 247 points and Asian stocks were also up,» said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. Bhansali further said the rupee has gained slightly at the opening in a data-driven week that will see the release of PMIs of most nations, as also the NFPR on Friday, and looks to be in a range as the US and India GDP data are also awaited this week. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading flat at 104.07. Brent crude futures, the global oil benchmark, fell 0.11 per cent to USD 84.39 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 92.24 points or 0.14 per cent higher at 64,978.75.

It might look like Australia is pushing ahead with the transition to wind energy, but a major player in the market believes legislative red tape is slowing down the clean energy transition to a crawl.

“India is standing out not only now, but it is likely to stand out in the forthcoming few years as well because the prime reason which is not discussed enough is that we are counter-cyclical to the western world, especially to the US,” says Aashish P Somaiyaa, Chief Executive Officer, White Oak Capital Management.In an interview with ETMarkets on the sidelines of Investing Accelerator Summit 2023, Somaiyaa said: “Apart from all the other structural positives that have been spoken about India, this is one thing which is not spoken enough” Edited excerpts:How should one pick the fund – is 1–year performance a good benchmark to select a fund?In fact, one-year performance is exactly not the benchmark. In fact, it is a contra-indicator, that is what my analysis kind of tells me. The thought about speaking on why winners rotate comes from the fact that when we track investor behaviour or even if you track fund flows in the industry, what you will find is typically a lot of money ends up going to people who have done very very well in the last 1 year or maybe in the last 3 years period. At this juncture, if you take the best performing fund of the last three years you put money in there, and then wait till August 2026 to see how it plays out — you will find is that the correlation between ranks for the last three years and the rank for performance in the subsequent three years, the correlation of these two ranks is practically nothing.

Suicides in Kota: Two more students surrendered to the mounting pressure to perform well and toxic competitive environment in Kota. Two teenagers preparing for NEET exam died by suicide in Kota on Sunday. With this, the grim tally of students suicide in Kota reached 23 for the year.

The move comes on top of a slew of measures to shore up the market, including a stamp duty cut, slower pace of IPOs and lower margin financing requirements. The newly-approved funds, which will guide fresh capital into the market, include 10 exchange-traded funds (ETFs) that track the small-cap CSI 2000 Index and seven tech-focused ETFs, according to the China Securities Regulatory Commission (CSRC) website. The remaining 20 products are innovative mutual funds that for the first time charge investors floating fees, to be pegged to fund size, performance, or holding period. The CSRC has vowed to fast-track ETF approvals, and guide asset managers to lower management and trading fees, along with several other market-friendly measures. China's bluechip CSI300 Index surged more than 5% at the open on Monday, but is still down roughly 6% from an April peak. China's leaders vowed late last month to boost investor confidence and reinvigorate the stock market — the world's second largest — which has been reeling as the post-pandemic recovery flags and a debt crisis in the property market deepens. In an editorial on Monday, the official China Securities Journal said that recent support measures underline authorities' determination to stabilise the capital market, whose sound operation is essential to China's economic recovery. «A vibrant capital market is key to stabilizing people's expectations and increasing confidence,» the editorial said. «Policymakers' resolve to revive the market and boost confidence must not be underestimated.»

North Korea says it will allow its citizens staying abroad to return home in line with easing pandemic situations worldwide

Neeraj Chopra's rise to stardom from a Haryana village has been nothing short of spectacular, and at 25, he is on course to becoming one of India's greatest sporting icons. Two years ago, his spear soared high into the Tokyo sky as he became the country's first Olympics track and field gold medal winner.

investment author, Peter Lynch. My first reading of Lynch was soon after I finished college in 1990. Compared to 2023, it was a very dull time, and acquiring a copy of Lynch’s book, One Up on Wall Street, was very exciting for me.