Stocks to watch on Thursday, September 28 2023: Telecom stocks too may see some action after Trai data for July showed considerable new subscriber additions for Jio and Airtel; and loss of market shar

BSE, stock market, sensex

Closing Bell on September 28, 2023: 
Tech M, which sank 4 per cent, was the top laggard on the benchmarks after Morgan Stanley downgraded the stock to 'underweight'

bulls, bears, markets, sensex

Vedanta Ltd.'s parent, Vedanta Resources, will remain the holding company, the people said. Deliberations are ongoing and no final decisions on the structure or timing of the de-merger have been made

Vedanta refinery

As markets anticipate inclusion of the debt in other indexes, including the Bloomberg Global Aggregate, the flows could rise to $50 billion by the end of next year

ICICI Bank

RBI says widening due to higher trade deficit, lower surplus in net services and decline in private transfer receipts

current account deficit

It should be used to improve ESG parameters, analyse vulnerability, and build appropriate tools for supervision and regulation

Sustainability Report

Why ITC threw down the gauntlet with the demerger of its hotels business

The Indian duo won the match in straight sets 6-2, 6-4 in just 1:04 minutes at the HOC Tennis Centre

Tennis partners

The government on Monday cleared exports of 75,000 tonnes of non-basmati white rice to the UAE through National Cooperative Exports Ltd (NCEL).
Though there is a ban on rice exports, India is shipping rice to friendly and neighbouring countries on their request to meet their food security demands.
"Export of 75,000 MT of Non-Basmati White Rice (under HS code 1006 30 90) to UAE is permitted through NCEL, the Directorate General of Foreign Trade (DGFT) said in a notification.
Earlier, the government permitted the export of broken rice to Senegal (5 lakh tonnes), Gambia (5 lakh tonnes), Indonesia (2 lakh tonnes), Mali (1 lakh tonnes), and Bhutan (48,804 tonnes).
The government has also allowed exports of non-basmati rice to Bhutan (79,000 tonnes), Mauritius (14,000 tonnes) and Singapore (50,000 tonnes) through the NCEL.
On September 9 last year, the government banned the export of broken rice to check rising retail prices and boost domestic supply.
On July 20, it banned exports of .

Rice, Photo: Pixabay

Stimac took to X and mentioned that the players slept in airports and then completed recovery sessions at a park in China before taking part in the event

Asian Games 2023

International credit agency Moody's Investors Service has made sweeping assertions against Aadhaar without citing any evidence, the Unique Identification Authority of India (UIDAI) said on Monday.
The UIDAI issued a strong rebuttal to Moody's Investors Service which claimed that the Aadhaar system often results in service denials and the reliability of biometric technologies, especially for manual labourers, in hot and humid climates is questionable.
"A certain investor service has, without citing any evidence or basis, made sweeping assertions against Aadhaar, the most trusted digital ID in the world. Over the last decade, over a billion Indians have expressed their trust in Aadhaar by using it to authenticate themselves over 100 billion times," the UIDAI said in a statement.
The unique id Aadhaar's custodian said that the report in question does not cite either primary or secondary data or research in support of the opinions presented in it.
"The investor service did not make any

Adhaar, UIDAI

Weak demand, global slowdown add to their woes

Crude oil

Availability of scrap is going to be challenging as more than 60 countries have either banned or are in the process of banning scrap exports, Steel Secretary Nagendra Nath Sinha said.
The secretary also highlighted the lower usage of scrap in steel making in India and said that the usage is not meeting the government's expectations for bringing carbon emissions down.
The government has been pushing domestic players to increase the share of scrap in steel manufacturing.
"Unlike the Western countries, India's scrap usage in steel making is lower. India had availability of around 25 to 27 MT of scrap and going forward this number will certainly go up, but not as much we would like to for our carbon emissions to come down," Sinha said on Thursday.
The availability of scrap is going to be challenging as over 60 countries have either banned or are in the process of banning the export of scrap, he said addressing the 'mjunction Indian Steel Markets' conference here.
Another issue, Sinha 

steel company, steel firms, ArcelorMittal, JSW Steel

As many as 16,372 people have died in various natural calamities in Odisha in the last five years, Disaster Management Minister Sudam Marndi informed the assembly on Thursday.
In reply to a question from BJP MLA Kusum Tete, Marndi said 16,372 people have died in natural calamities such as cyclone, lightning strike, fire accident, boat capsize, drowning, flood, heatwave, whirlwind, heavy rain and snakebite from 2018-19 to 2022-23.
While 7,874 people drowned, 5,219 died due to snakebites and lightning strikes killed 2,058 people in Odisha in the last five years, he said.
Similarly, 759 people died in fire accidents, 140 in cyclones, 46 in boat capsize incidents, 73 in floods, 141 due to heatwaves, while whirlwinds and heavy rain accounted for 31 deaths each.
As per the statement of the minister, Mayurbhanj district has registered the highest number of 1,444 disaster deaths during the period, followed by Ganjam (1,162), Balasore (1,139) and Keonjhar (1,115). Boudh reported the lowest 

accident

Supercross India Pvt Ltd, the parent firm of CEAT Indian Supercross Racing League, on Thursday said it plans to invest Rs 150 crore in the next three years.
The investment will be towards creating racing infrastructure, grassroots development and ensuring that world-class events across India are held in the next three years, the company said in a statement.
"This financial commitment will empower us to implement state-of-the-art technologies and infrastructure, ensuring that our league stands head and shoulders above all other global Supercross events," Supercross India Pvt Ltd co-founder and Director Veer Patel said.
CEAT Indian Supercross Racing League (ISRL) is gearing up for its first season, which is set to take place in December 2023, the statement said.
Initially, it had planned to start the season in October but was pushed back due to a scheduling conflict with the ICC Cricket World Cup, it said, adding the first season of the league will have races at different venues, and

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Steel scrap availability to be challenging as 60 nations plan to ban trade

16,372 died in natural calamities in Odisha in last five years: Minister

Supercross India plans to invest Rs 150 cr in 3yrs to create racing infra

Behind the rise of India Inc's daughters

Unhealthy dynamics

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Stocks to Watch today, Sep 28: Adani Ports, Apollo Hosp, NBCC, Zee, KEC

IT shares, RIL, F&O expiry send Sensex 610 pts down, Nifty near 19,500

Vedanta Ltd preparing to demerge sprawling operation, says report

ICICI Bank sees $10 bn of flows before India's entry to global bond index

Current account deficit widens to 1.1% of GDP in June qtr at $9.2 bn

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