Weak demand, global slowdown add to their woes

Crude oil

The stock price of GVK Power & Infrastructure was locked in the 5% upper circuit for the eight day, trading at its highest level since September 2018 on the BSE

Sensex, Nifty, stock brokers

His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm

Reliance Industries chairman Mukseh Ambani and Nita Ambani's children, left to right, Akash, Isha and Anant Ambani. PTI: Photo

Isha, Akash and Anant Ambani

Analysts at Jefferies, believe that the time is ripe to buy Eicher Motors given alleviating competitive concerns, along with tailwinds of 2W demand recovery, industry premiumization and exports.

Eicher Motors, motorcycle ,Royal Enfield, Royal Enfield bikes,

Stocks to watch on Tuesday, September 26, 2023: Shares of bank, mainly state-run, are likely to be in focus amid reports that the government may spend up to Rs 60,000 crore to provide subsidised loans

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He said the country's first multi-leveled sports complex, equipped to cater to the needs of disabled athletes, was also on the anvil

Narendra Modi, PM Modi

Chinese President Xi Jinping on Saturday vowed to help Nepal transform itself from a landlocked country to a land-linked nation by facilitating infrastructure connectivity and transit transportation cooperation as he met Prime Minister Pushpa Kamal Dahal 'Prachanda' here.
Xi met Prachanda on the sidelines of the Hangzhou Asian Games here in eastern China.
Prachanda, who politically distanced from the pro-China Communist Party of Nepal (Unified Marxist-Leninist) headed by KP Oli after becoming Prime Minister in December last year made his maiden visit to China after visiting India and the US.
In his meeting with Prachanda, Xi who made a high-profile visit to Nepal in 2019 and announced several high-profile projects said the two countries sharing borders through Tibet made progress with the 'Trans-Himalayan Multi-Dimensional Connectivity Network' and other 'Belt and Road' projects that have taken shape.
He urged efforts from both sides to promote infrastructure connectivity and expan

Xi jinping

This probably wasn't how President Joe Biden envisioned his big foreign policy week ending.
Biden spent much of the time trying to make the case to world leaders at the UN General Assembly as well as to Democratic donors and voters that his decades of foreign policy experience and demonstrated moral clarity set him apart from Donald Trump, the early front-runner for the Republican presidential nomination.
But just as Biden is looking to spotlight his foreign policy chops with his 2024 reelection bid heating up, he is facing a growing list of national security headaches, several of which emerged in recent days.
There is a diplomatic spat between US allies Canada and India over the killing of a Sikh activist on Canadian soil, growing concern about the future of US funding for Ukraine, and the indictment of the influential chairman of the Senate Foreign Relations Committee, Sen. Bob Menendez, D-N.J. Each will test Biden and his administration.
Menendez and his wife were indicted Frida

President Joe Biden addresses the 78th United Nations General Assembly in New York, Tuesday, Sept. 19, 2023. AP/PTI

In a move to fuel growth through self-employment, Assam Chief Minister Himanta Biswa Sarma on Saturday launched a scheme to help youths set up their own ventures.
At a function here, Sarma rolled out the Chief Minister's Atmanirbhar Asom Abhijan 2023. He also launched a registration portal for the scheme.
Under the programme, financial aid will be given to two lakh youths for creating a robust entrepreneurial ecosystem, he added.
Speaking on the occasion, Sarma said, "The scheme has been designed to create self-employment avenues to enable the youths to fuel development of the state. It has the potential to strengthen rural economy."
He said that the unemployed degree holders in the fields of engineering, medicine, agriculture, animal husbandry and fishery will be kept in the first category and will be given Rs 5 lakh.
"On the other hand, unemployed postgraduates, general graduates, ITI, polytechnic passouts will be kept in the second category for government assistance of Rs 2 lak

Himanta Biswa Sarma

Punjab BJP chief Sunil Jakhar on Saturday urged External Affairs minister S Jaishankar for setting up a helpline for Indian students and NRIs in Canada amid a diplomatic row between the two countries.
In his letter to the Union Minister, Jakhar while highlighting the concerns of citizens residing in Canada, urged him to release a detailed statement listing out the measures being taken by the Centre for the safety of the country's citizens in Canada until the eventual resolution of this issue.
"This, I am sure, would go a long way in assuaging the sense of deep anxiety, panic and indecision prevailing amongst our people living in Canada and especially in students waiting to go abroad for studies.  An assurance from your office would certainly lay to rest the doubts and insecurity of our students who are rightfully concerned about their study plans," Jakhar wrote in the letter.
He suggested issuing a WhatsApp contact number for Indian students planning to go abroad to get in touch wit

For Indian students, not the time to give up on Canada dreams, yet

Canada students

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

The Nijjar murder is fast unfolding into treacherous scenarios that could have tragic consequences for both nations. No one stands to gain from the ongoing face-off

India Canada

India's rage is misplaced and hardly serves to endear the country to those appalled by the idea that it may have had a Canadian citizen killed

The leaders of both countries should encourage bilateral trade and people-to-people exchanges that can help build bridges

Canada has updated travel advisory for its citizens in India asking them to "stay vigilant and exercise caution" in the context of recent developments as there are calls for protests and some "negative sentiment" towards Canada on social media.
Tensions flared between India and Canada following Canadian Prime Minister Justin Trudeau's explosive allegations of a "potential" involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar, 45, on his country's soil on June 18 in British Columbia. India had designated Nijjar as a terrorist in 2020.
India angrily rejected the allegations as "absurd" and "motivated" and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case.
"In the context of recent developments in Canada and in India, there are calls for protests and some negative sentiment towards Canada on social media. Please remain vigilant and exercise caution," the Canadian government said in an

Despite the central government ushering in reforms, the manufacturing sector is yet to see enhanced growth rates as officials in the states continue to function in a way they used to during the "licence and control days", Maruti Suzuki India Chairman RC Bhargava said on Tuesday.
Speaking at an event here, the veteran industry leader noted that the central government over the last nine years has been bringing in a series of reforms and improvements in the business environment.
He noted that the country has seen massive improvement in the rankings when it comes to the ease of doing business.
Besides, the government has also abolished over 1,000 old acts while initiating a lot of reforms in taxation as well, Bhargava said.
"All designed to make it easier to do business in India, and to be more competitive in manufacturing. Unfortunately, the results are not yet apparent," Bhargava said.
He noted that the bulk of the interaction of manufacturers and entrepreneurs is with the state ...

Maruti Suzuki Chairman R C Bhargava

Singapore Airlines on Tuesday said it aims to complete the merger of Vistara with Air India "as soon as possible" subject to remaining approvals from relevant authorities.
Once the proposed merger, which was approved by the Competition Commission of India (CCI) on September 1, is complete, Singapore Airlines will have a 25.1 per cent stake in Air India.
Vistara is a joint venture in which Singapore Airlines has a 49 per cent stake, while the rest is with the Tatas.
Singapore Airlines and Air India have given certain commitments to the CCI to address the competition concerns arising out of the merger.
In a statement on Tuesday, Singapore Airlines welcomed the CCI's approval of the merger and said the airline as well as Scoot will follow the commitments.
Scoot is a part of the Singapore Airlines group.
"Singapore Airlines continues to work with our partner Tata Sons and aims to complete the merger as soon as possible, subject to the remaining approvals from the relevant authorities

Singapore Airlines

Fantasy sports platform Dream11 has filed a petition in the Bombay High Court challenging the levy of 28 per cent GST retrospectively on bets placed on its platform.
The petition filed on September 22 follows Show Cause Notices (SCN) slapped on the e-gaming platform by Goods and Services Tax (GST) authorities.
As per the petition, the tax demand is to the tune of Rs 216.94 crore for 2017-18 and Rs 1,005.77 crore for 2018-19.
Dream11 challenged the SCN, which seeks to recover the GST as they were based on the premise that the services provided by the company were those of gambling on which 28 per cent tax is leviable.
"The impugned notices lack jurisdiction having been issued in teeth of the Apex Court judgments in the petitioner's own case, wherein, it has been held that Online Fantasy Sports Gaming provided by the petitioner are predominantly games of skill, not amounting to gambling/betting," the petition said.
The e-gaming company said the impugned notices lack jurisdiction and

dream11, mobile app, game, gaming, smartphone, IPL

"Arjun Gulati's Trailblazing Career: From Real Estate to Tech-Driven Ventures"

Madhusoodanan has been an independent director with the bank since 2022

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Officials in states function like licence raj days: Maruti Suzuki chairman

Aim to complete Vistara, Air India merger shortly: Singapore Airlines

Dream11 moves Bombay High Court challenging GST show cause notices

"Arjun Gulati's Trailblazing Career: From Real Estate to Tech-Driven Ventures"

RBI clears K N Madhusoodanan as part-time chairman of Dhanlaxmi Bank

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