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Impact of global hardening of rates on India difficult to predict, say analysts

Algo rhythm: India's global patent share now higher than UK, shows data

Patent applications rose 1.9 per cent, from around 52,000 on average annually in the three years leading up to the pandemic to 53,000 in the two years since

globe, world, globalisation, connected, technology, internet, data, companies, global, world

India will host a virtual summit on January 12 and 13 to bring together countries of the global South and share their common concerns, interests and perspectives relating to various global challenges including food and energy security triggered by the Ukraine conflict.
Foreign Secretary Vinay Mohan Kwatra said more than 120 countries are being invited for the 'Voice of Global South' summit whose theme would be 'Unity of Voice, Unity of Purpose'.
At a media briefing, he said concerns and apprehensions of the developing countries often do not receive due attention at the global stage and the purpose of the summit would be to address these elements of "our concerns and priorities".
Asked whether Pakistan, China and Ukraine have been invited, Kwatra did not give a direct reply and said names of the participating countries will be made public in due course.
He cited food security, climate finance, fertiliser shortage, mounting debt and inflationary pressures as some of the burdens on th

Assiduus

Markets open lower, state election results weigh

Asia stocks sluggish after weak U.S. GDP, dollar dips

Gold falls after dollar firms on deal to fund U.S. government

Half of India's population between the age of 30-55 years believes 59 years should be the age of retirement and thirty-two years is when one should ideally start retirement planning,

investment,saving, money, retirement, rupee

The Apple iPhone 15 Pro Max stands out within the iPhone 15 series and offers substantial improvements over the previous generation model, the iPhone 14 Pro Max

Apple iPhone 15 Pro Max - Natural Titanium

India has been expanding its electronics manufacturing sector as companies diversify production beyond China amid growing Washington-Beijing tensions

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Stock market holiday: After Mahatma Gandhi Jayanti on October 2, the market will be closed on October 24, Tuesday, for Dussehra

Stock market, NSE

Catch all the latest news updates LIVE from across the globe here

Aam Aadmi Party national convenor, AAP national convenor, Delhi CM Arvind Kejriwal

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

Big Tech

The Finance Ministry has notified October 1 as the date for implementation of the amended GST law provisions for taxing e-gaming, casinos and horse racing.
According to the changes to the Central GST Act, these supplies will henceforth be treated as "actionable claims" similar to lottery, betting and gambling and subject to 28 per cent Goods and Services Tax (GST) on full face value of bets.
The amendments to Integrated GST (IGST) Act makes it mandatory for offshore online gaming platforms to take registration in India and pay taxes in accordance with domestic law.
In its meetings in July and August, the GST Council, comprising finance ministers of Centre and states, had approved amendments to the law to include online gaming, casinos and horse racing as taxable actionable claims, and clarified that such supplies would attract 28 per cent tax on full bet value.
Parliament last month passed amendments to the Central GST and Integrated GST laws to give effect to the Council's ...

Finance Ministry, Ministry of Finance

The century-old Roshanara Club in Delhi - the cradle of Indian cricket - was on Friday sealed by the Delhi Development Authority, which also took possession of the historic club, officials said.
The action was taken in the early hours and comes nearly six months after an "eviction notice" was served on the club by the DDA as its lease had expired earlier, a senior official said.
The historic club was established on August 15, 1922 and had turned 100 last year.
Endowed with natural beauty, green pastures and colonial-era charm, Roshanara Club, located in north Delhi, has emerged as one of the most prestigious clubs in the country.
"Following court orders, that inter alia upheld its eviction order dated, 12.04.2023, the Delhi Development Authority today evicted and took possession of the premises of Roshanara Club Ltd, the leases for which had expired 11 years back in 2012 and six years back in 2017," the DDA said in a statement.
This action was taken under provisions of section 5 (

Roshanara Club

The Indian Railways on Friday said more than 2.14 lakh people participated in 1,934 activities with man hours of 6,62,990 in the first 14 days of the "Swachhata Hi Sewa" (SHS) cleanliness drive.
The fortnight-long campaign was launched on September 15 by the chairperson and CEO of the Railway Board, who administered a cleanliness pledge to all the railway employees at the Rail Bhawan here.
The participants in the campaign are railway employees, passengers and other stakeholders. The campaign aims at fostering a much greener and more eco-friendly railway system.
"Indian Railways, with its extensive nationwide network, plays a vital role in the Swachh Bharat Abhiyan," the railway ministry said in a statement.
This year, the railway ministry has become a part of the joint SHS campaign launched by the Ministry of Housing and Urban Affairs and Ministry of Jal Shakti.
"Activities of SHS are integrated with day-to-day activities of Swachhata Pakhwada. The theme for Swachhata Hi Sewa camp

Swachh Bharat to external debt: Here're key points to know about Eco Survey

House Speaker Kevin McCarthy's last-ditch plan to keep the federal government temporarily open collapsed on Friday as hard-right holdouts rejected the package, making a shutdown almost certain.
McCarthy's right-flank Republicans refused to support the bill despite its steep spending cuts of nearly 30 per cent to many agencies and severe border security provisions, calling it insufficient.
The White House and Democrats rejected the Republican approach as too extreme.
The bill's failure a day before Saturday's deadline to fund the government leaves few options left to prevent a shutdown that will furlough federal workers, keep the military working without pay and disrupt programmes and services for millions of Americans.
The outcome puts McCarthy's speakership in serious jeopardy with almost no political leverage to lead the House at a critical moment that has pushed the government into crisis.
Ahead of voting, the Republican speaker all but dared his hold-out colleagues to oppose t

Kevin McCarthy

Delhi Chief Minister Arvind Kejriwal-led Aam Aadmi Party (AAP) on Monday released the second list of its candidates for the forthcoming assembly elections in Madhya Pradesh and Chhattisgarh.AAP issued a list of 29 candidates for Madhya Pradesh and 12 candidates for Chhattisgarh.In Chhattisgarh, the party has fielded Tarun Vaidh from the Raipur Gramin constituency, Raja Ram Shyam from Pratappur, and Dev Prasad Koshle from the Sarangarh constituency.Releasing the list of candidates for Madhya Pradesh, the AAP wrote on X, "Our second list of candidates for Madhya Pradesh Assembly Election 2023. Many congratulations to all our candidates, and best wishes for the campaign."The AAP has fielded Ramani Devi Jatav, a candidate belonging to the Scheduled Caste from Bhander, Rahul Kushwah from Bhind, Satinder Bhadoriya from Mehgaon, Mohammad Sood from Bhopal Uttar, Raisa Begam Malik from Narela, Chanda Kinnar from Malhara and Vijay Mohan Palha from Patan.Earlier on September 8, the party ...

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The pan-European STOXX 600 index reversed early gains to fall 1.0% on Monday, hitting its lowest intra-day low in since end of March

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The trains have seats for 50 passengers and the space for 300 to stand

Delhi metro, Metro, Yellow line metro

Pakistan Muslim League-Nawaz (PML-N) supremo and former prime minister Nawaz Sharif has reportedly booked flight tickets to return from the UK to the country on October 21, ending a four-year "self-imposed exile", a media report said Monday.
Nawaz, 73, recently said that he is excited to return to Pakistan on October 21 to lead his party in the election likely to be held in January 2024.
Citing a source, Samaa TV reported that Nawaz, who is currently in the UK, will land at the Abu Dhabi International Airport on October 21. He is scheduled to fly to Lahore from Abu Dhabi on the same day.
He has booked a business class ticket on flight EY243 of Etihad Airways in advance, sources said. They further said the Etihad Airways flight will land at the Allama Iqbal International Airport in Lahore at 6:25 p.m.
Those accompanying Nawaz will reportedly be his staff members, personal advisers, Dr. Adnan and Senator Irfan Siddiqui.
According to sources, several PML-N leaders and former lawmaker

Nawaz Sharif books flight tickets to return Pak from UK on Oct 21: Report

The lenders of Future Retail Ltd have rejected the bid submitted by Space Mantra for the debt-ridden firm, which is currently going through Corporate Insolvency Resolution Process (CIRP).
The Resolution Plan submitted by Space Mantra for Future Retail Ltd (FRL), failed to get the required number of votes in the e-voting process of the Committee of creditors (CoC).
It was put "for the consideration of the CoC on July 19, 2023... and pursuant to the decision taken by CoC through e-voting, concluded on 30th September 2023 at 9 PM (IST), the resolution plan submitted by Space Mantra Private Limited has not been approved by CoC", FRL said in a regulatory filing on Monday.
It further added: "In view of the resolution plan not having been approved by the CoC, the next steps would be taken in accordance with the Insolvency & Bankruptcy Code 2016."
Space Mantra was the single bidder for FRL. According to some media reports, Space Mantra had offered around Rs 550 crore, which was very close

GLOBAL

«Inverted House» art piece is to debut in India.

Indian insurers may have to tackle pricey reinsurance amidst global crises

Algo rhythm: India's global patent share now higher than UK, shows data

India to host virtual summit to flag global South concerns in January

Assiduus Global Propelling Brands To Go From Local To Global

Markets open lower, state election results weigh

Asia stocks sluggish after weak U.S. GDP, dollar dips

Gold falls after dollar firms on deal to fund U.S. government