This makes Indian bonds less attractive to foreign investors

Bond yields slide as reports tout progress in global listing of Indian debt

Government bonds, bond yield

Air India on Friday said it has completed the acquisition of its first A350-900 aircraft by way of a finance lease transaction with HSBC through the GIFT City.
This is also the first wide body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC).
In a release, the airline said the transaction was facilitated by its wholly-owned subsidiary AI Fleet Services Ltd (AIFS) and is also the first financing transaction from the orders for 470 aircraft that were made earlier this year.
Tata Group-owned Air India, which has embarked on an ambitious transformation plan, expects the first A350-900 aircraft to arrive in India by the end of this year.
According to the release, the airline has successfully acquired India's first Airbus A350-900 aircraft through a finance lease transaction with HSBC.
"This landmark transaction marks the beginning of our aircraft leasing business from GIFT IFSC, as AIFS will be the primary Air India Group .

Air India

The six units being planned to be listed are Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals and Vedanta Limited

Vedanta

The counter that hit a 52-week low of Rs 42.39 on August 29, 2023, traded at a record low of Rs 37.96 in March 2009. It had hit a record high of Rs 581.24 in December 2007

Real estate

Shares of GMDC hit a record high of Rs 323.70 as they rallied 14%, surpassing its previous high of Rs 316.18 touched on November 12, 2007

Lignite

Delhi High Court is scheduled to pass an order on September 27, 2023, on a plea moved by Akasa Air against pilots who have resigned without serving the mandatory notice period

Akasa Air

A top European Union official said on Tuesday that the social network X, formerly known as Twitter, is the biggest source of fake news and urged owner Elon Musk to comply with the bloc's laws aimed at combating disinformation.
Ahead of upcoming elections, Google, TikTok, Microsoft and Meta also have more to do to tackle disinformation, much of it coming from Russia, which is using social media to wage a war of ideas" against democracy, European Commission Vice President Vera Jourova said.
Moscow's disinformation operation is a multimillion-euro weapon of mass manipulation aimed both internally at the Russians as well as at Europeans and the rest of the world, she said at a press briefing in Brussels.
With elections scheduled in Slovakia and Poland in the coming weeks and a bloc-wide vote next year, big online platforms must address the risk of online meddling, she said.
The Kremlin and other malicious actors will try to use the design features of the platforms to manipulate, Jourov

Twitter, X

Altogether 45 students, many of them girls, were injured in Manipur's Imphal Valley on Tuesday as the police fired tear gas shells and baton-charged protesters demonstrating against the killing of two youths who were allegedly kidnapped in July, officials said.
In view of the prevailing situation, the government reimposed suspension of internet services for five days and announced that all schools in the state will be closed till Friday.
Twenty-four MLAs of Manipur including 21 of the BJP have urged Union Home Minister Amit Shah for "urgent necessary action by the CBI against the guilty persons" involved in the killing of two youths.
The students of Imphal-based schools and colleges brought out the protest rallies hours after photos of the bodies of the two youths went viral on social media, demanding arrest of those involved in the killing.
The protesters clashed with the police near Sanjenthong in Imphal East district when security forces stopped them from advancing towards the .

Manipur

JPMorgan Chase has agreed to pay USD 75 million to the US Virgin Islands to settle claims that the bank enabled the sex trafficking acts of financier Jeffrey Epstein.
JPMorgan said on Tuesday that USD 55 million of the settlement will go toward local charities and assistance for victims. Another USD 20 million will go toward legal fees.
The Virgin Islands, where Epstein had an estate, sued JPMorgan last year, saying its investigation has revealed that the financial services giant enabled Epstein's recruiters to pay victims and was indispensable to the operation and concealment of the Epstein trafficking enterprise.
Epstein died by suicide in a federal jail in 2019.

JP Morgan

In complaint filed in federal court in Seattle Tuesday, the FTC and 17 states accused Amazon of engaging in a course of conduct to exclude rivals in online marketplace services and stifle competition

Amazon

Maruti Suzuki India on Friday said it has received a show cause notice from the GST Authority proposing to demand interest and impose penalty, besides appropriating tax already paid, amounting to Rs 139.3 crore.
The notice pertains to the matter of tax liability under reverse charge basis on certain services for the period of July 2017 to August, 2022, Maruti Suzuki India said in a regulatory filing.
"The company will file a reply to the show cause notice before the Adjudicating Authority," it said, adding that there was no impact on its financial, operation or other activities due to the notice.
The company also said it has received a favourable order from the High Court of Punjab and Haryana wherein appeals filed by the Central Excise Department for the period June 2006 to March 2011 have been dismissed.
The Central Excise Department had filed appeals before the high court against an earlier tribunal order of August 2016, which was passed in favour of the company in which input .

Maruti Suzuki

The reservation of Other Backward Classes (OBC) will not be touched while giving quota to the Maratha community, Maharashtra Chief Minister Eknath Shinde said on Friday.
During the day, CM Shinde held a meeting with representatives of the OBC and Nomadic Tribes at Sahyadri Guest House. It was attended by Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar as well as senior ministers and officials.
Representatives from these segments put forth their demand in the meeting.
"The government's stand is quota of any community will not be diluted. While giving reservation to the Maratha community, the quota of other communities will remain unaffected," Shinde said.
He added that the government stands firmly behind those from the Nomadic Tribes.
Shinde said officials have been directed to start 72 hostels for OBC students.
Fadnavis said implementation of schemes of Rs 4,000 crore is being done.
Pawar, who handles the Finance department in the Shinde government, said the NT community

Maharashtra CM Shinde

The Indian team humbled defending champions Malaysia 2-0 to reach the final of the men's squash event after the seasoned Saurav Ghosal and Abhay Singh registered identical wins at the Asian Games here on Friday.
India, thus, set up a marquee gold medal clash with Pakistan, against whom they lost in the pool stage and will seek revenge heading into the final.
Abhay Singh started the proceedings for India on a positive note, securing a 3-1 (11-3 12-10 9-11 11-6) win over Muhammad Addeen Idrakie Bin Bahtiar in the opening match. He took 57 minutes to ward off the challenge of Bin Bahtiar.
The experienced Ghosal then got the better of Eain Yow NG 3-1 (11-8 11-6 12-10 11-3) in 69 minutes to wrap up the second semifinal in favour of India.
Mahesh Mangaonkar was not required to play his match against Mohammad Syafiq Bin Mohd Kamal.
The Indian men had settled for the bronze medal in the last edition of the Games in Indonesia.
Ghosal said contrary to the final result, it was a tough outin

Asian Games 2023

Advent had announced the acquisition of a significant stake in Suven Pharma in December of the previous year from the Jasti family

drugs, pharma sector

A potent rush-hour rainstorm swamped the New York metropolitan area on Friday, shutting down swaths of the city's subway system, flooding streets and highways, and cutting off access to at least one terminal at LaGuardia Airport.
Up to 5 inches (13 centimeters) of rain fell in some areas overnight, and as much as 7 inches (18 centimeters) more was expected throughout the day, New York Gov. Kathy Hochul said.
This is a dangerous, life-threatening storm," Hochul said in an interview with TV station NY1. "Count on this for the next 20 hours.
Photos and video posted on social media showed water pouring into subway stations and basements, and reaching the top of cars' wheels in parts of Brooklyn and elsewhere.
The Metropolitan Transportation Authority, which runs subway and commuter rail lines, urged residents of the nation's most populous city to stay home if they could.
Virtually every subway line was at least partly suspended, rerouted or running with delays, and two of the Metro-No

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Maruti receives show cause notice from GST Authority, demands interest

OBC quota will not be diluted while giving Maratha reservation: CM Shinde

Asian Games: Indian men enter squash final, women signs off with bronze

Suven Pharma gets a new board as Advent International completes stake buy

Storm floods New York City area, swamping streets in rush-hour mess

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India-US bond yield spread falls to lowest level in more than 17 years

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