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

Indian men's volleyball team once again produced their A game, beating Chinese Taipei 3-0 in a loop-sided affair.

India schedule Asian games 2023

An industry expert said that while brands like Lloyd are making aggressive moves, Chinese brands, on the other hand, are focusing on wrapping up their losses

Smart Television

While the rocket itself will be constructed elsewhere, all internal systems for Gaganyaan will be developed in Ahmedabad

ISRO

Apple has already grabbed the tag of the largest smartphone exporter from India by value due to its premium and super premium segment

Apple iPhone, iPhone

Catch all the latest updates LIVE from across the globe here

Anantha Nageswaran

The Indian men's 10m air rifle team shot down gold with a world record score on the second day of shooting competition at the Asian Games here on Monday.
The team of world champion Rudrankksh Patil, Olympian Divyansh Panwar and Aishwary Pratap Singh Tomar aggregated 1893.7 in the qualification round to better the world record of 1893.3 set by the Chinese set less than a month back at the World Championships in Baku, Azerbaijan.
Rudrankksh shot 632.5, Tomar 631.6 and Panwar 629.6 to aggregate the world record score.
South Korea clinched the silver with an aggregate of 1890.1, while China won the bronze with a score of 1888.2.

Rudrankksh Patil, Divyansh Panwar, Aishwarya Pratap Singh Tomar

What's weighing down Akasa Air? Will you pay for Twitter? What next after JPMorgan index inclusion? What do household net financial savings mean? All answers here

TMS Ep527: Akasa Air trouble, Twitter paywall, markets, household savings

"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

Amid controversy over China's decision to deny visa to three Indian wushu players from Arunachal Pradesh for the Asian Games, Chinese envoy Zha Liyou on Sunday called for strengthening bilateral relations on a healthy and stable track.
Currently, relations between the two countries are "generally stable, and the leaders of the two countries maintain dialogue and communication", said Liyou, Chinese consul general in Kolkata.
"China is willing to work with India to implement the important consensus reached by the leaders of the two countries, strengthen dialogue and communication, overcome interference difficulties, and promote the development of bilateral relations on a healthy and stable track," Liyou said, while addressing a programme to celebrate the 74th anniversary of the founding of the People's Republic of China.
He also said the neighbouring country is willing to work with all parties, including India, to serve as a builder of world peace, a contributor to global development,

China, China flag

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

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Asian Games: Indian 10m air rifle team wins gold with world record score

TMS Ep527: Akasa Air trouble, Twitter paywall, markets, household savings

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

Amid row over visa denial to players, China calls for better bilateral ties

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

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