Not thinking about an IPO as of now, says chairman

Dr Krishna Ella

Higher discounts on Russian oil this month may help Indian refiners reduce crude sourcing costs and trim fuel marketing losses even as Brent crude crosses $95/barrel, weakening the country's finances

oil refinery, crude oil, oil

The combined market valuation of eight of the 10 most valued firms plunged by Rs 2,28,690.56 crore in a holiday-shortened last week, with HDFC Bank and Reliance Industries taking the biggest hit, amid an overall weak trend in equities.
Last week, the BSE benchmark fell 1,829.48 points or 2.69 per cent, and the Nifty declined 518.1 points or 2.56 per cent.
Equity markets were closed on Tuesday on account of Ganesh Chaturthi.
From the top-10 pack, Reliance Industries, HDFC Bank, ICICI Bank, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance were the laggards while Tata Consultancy Services (TCS) and Hindustan Unilever were the gainers.
The market valuation of HDFC Bank plummeted by Rs 99,835.27 crore to Rs 11,59,154.60 crore. Shares of the company fell by nearly 8 per cent last week.
The valuation of Reliance Industries plunged Rs 71,715.6 crore to Rs 15,92,661.42 crore. The company's shares declined over 4 per cent past week.
ICICI Bank's valuation dropped Rs 29,41

HDFC Bank

NABARD to issue social sector bonds on Tuesday

Bonds, Govt bond

The Reserve Bank is likely to maintain status quo on policy rates for the fourth time in a row at its bi-monthly monetary policy review meeting early next month, as retail inflation continues to remain high and the US Federal Reserve has decided to keep a hawkish stance for some more time, according to experts.
The Reserve Bank had raised the benchmark repo rate to 6.5 per cent on February 8, 2023 and since then it has retained the rates at the same level in view of the stubbornly high retail inflation and certain global factors including elevated crude oil prices in the international market.
The Reserve Bank Governor-headed six-member Monetary Policy Committee (MPC) meeting is scheduled for October 4-6, 2023. The last meeting of the MPC, the highest rating-setting panel, was in August.
"We do expect the RBI to hold on to a status quo position this time as inflation is still high and liquidity tight. In fact, going by RBI forecast on inflation, it would be above 5 per cent in Q3 too

RBI, Reserve Bank of India

The devices are going on sale in about 40 countries in its first wave, including in Australia, Hong Kong, mainland China, the US, UK and France

Apple logo, iPhone sale, iPhone

Ukrainian President Volodymyr Zelenskyy will address the Canadian Parliament on Friday as he continues his efforts to shore up support from Western allies for Ukraine's war against Russia.
Zelenskyy was scheduled to arrive at Ottawa's airport late Thursday after meeting with US President Joe Biden and lawmakers in Washington, Prime Minister Justin Trudeau's office said.
Trudeau planned to greet Zelenskyy and also to speak in Parliament in Ottawa on Friday.
It is Zelenskyy's first visit to Canada since Russia invaded Ukraine in February 2022. He previously addressed the Canadian Parliament virtually.

Ukraine's President Volodymyr Zelenskyy

The three top women players from Arunachal Prades could not download their accreditation cards for the Hangzhou Games, while other team members could.

Asian Games 2023, Asian Games Hangzhou 2022

The Rajya Sabha, on Thursday, passed the women's reservation Bill unanimously, with 214 members voting in support and none against

Union MoS Meenakashi Lekhi

Congress MP Deepender Singh Hooda accused the Centre of ignoring the demands of the OBC community

Congress MP Deepender Hooda on his way to violence-hit areas of Nuh,

"The market in India will grow exponentially in 5 to 10 years, as college students who enjoy games grow older and the economy develops," Tsujimoto said

Capcom

He made the remarks during a press conference at the United Nations headquarters in New York. Lavrov said that his upcoming visit to North Korea follows the agreement between Putin and Kim Jong Un

Russian Foreign Minister Sergei Lavrov speaks at a press conference, during the G20 summit, in New Delhi, Photo: Reuters

Here is the best of Business Standard's opinion pieces for today

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

Government bonds, bond yield

She also congratulated India on its successful lunar mission Chandrayaan-3 and stated that it is a great advancement

A view of the Bharat Mandapam, where Session 1 of the G20 Summit is being held, in New Delhi on Saturday.

Prime Minister Narendra Modi on Sunday lauded athletes who won medals in various events at the ongoing Asian Games in Hangzhou.
He praised the Lightweight Men's Double Sculls team for winning the first medal at the Asian Games for India, a silver.
"Congratulating the incredible duo Arjun Lal Jat and Arvind Singh, the prime minister wished for continuous rowing towards glory, representing the spirit and strength of the nation," a statement issued by the Prime Minister's Office said.
He also hailed shooters Ramita Jindal, Mehuli Ghosh and Ashi Chouksey for securing silver medal in the 10m Air Rifle Women's team event at the Asian Games, it said.
Applauding the feat, the prime minister said that "this silver medal is the fruit of your hardwork and dedication". "Let's keep the up momentum as we continue to shine at the Asian Games," he said.
On the Men's Coxed Eight team winning the silver medal at the Asian Games, the prime minister praised the dazzling display of coordination, power

PM Modi addresses media on the first day of the special session of Parliament, in New Delhi, Monday, Sept. 18, 2023. (PTI Photo/Manvender Vashist Lav)

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Capcom sees game sales in India passing those in China in a decade

Russia's Lavrov to visit North Korea in Oct as part of follow-up measure

Best of BS Opinion: Managing flows, through economic data fog & more

Fantastic job done on G20: Mexico Foreign Minister congratulates India

PM Modi lauds medal winners at the ongoing Asian Games in Hangzhou

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Bharat Biotech plans to invest Rs 3,000-4,000 crore in post-Covid shift

After lower sales in August, Russia ups discount on crude sale to India

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JP Morgan EM index addition: Banks, FIs look to raise Rs 18,000 crore

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