⚡️❗️🇷🇺🇸🇦🛢📉Saudi Arabia extends voluntary reduction of oil production by 1 million barrels/day until the end of the year — Saudi Press Agency

Russia will extend the voluntary reduction of oil exports by 300 thousand barrels/day until the end of 2023 — Russian Deputy Prime Minster Novak

🛢BRENT > $90 = max since November 2022

#Geopolitics #Energy

Bloomberg reports that two-thirds of the 50 major private builders in 🇨🇳 China are defaulters.

#Economy #InternationalNews

Source 🔗

Prime Minister of Bharat

#Bharat #India

🤑 SEBI to deliver Sweet Surprises to Investors!

SEBI is moving to ONE-HOUR settlement cycle as early as Mar 24 & instantaneous settlement by Oct 23.

#Bharat already completed transition to T+1 settlement cycle in Jan 23. Under T+1, a client buying shares on Tues gets his shares credited to his Demat A/C on Wed. Under 1-hour settlement, this would take place within an hour.

#Economy

Source 🔗

For those who don't know what the T+1 settlement cycle is? Link 🔗

🇲🇾 🕉 Malaysia Hindu Sangam writes to High Commission of India condemning Udayanidhi Stalin (s/o Tamil Nadu CM) on Sanatana Dharma statement. Requests Indian government to act

#Geopolitics #India #Bharat

🛣 Gadkari asks officials to prepare road map for projects worth Rs 3 lakh crore for immediate execution.

⚡ He also warned the officials of action in case of any delay in execution of projects and fixing issues related to them.

#Infra

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Arrivals begin for the #G20India Summit!

🇳🇬 The Nigerian President is the first Head of the State to arrive in New Delhi for the Summit.

This is President Tinubu’s first visit to India since the assumption of office.

—MEA

#Geopolitics #Bharat

Happy Krishna Janmashtami to all 🙏

Hope Dharma wins over Adharma.

यदा यदा हि धर्मस्य ग्लानिर्भवति भारत:।
अभ्युत्थानमधर्मस्य तदात्मानं सृजाम्यहम्॥

परित्राणाय साधूनाम् विनाशाय च दुष्कृताम्।
धर्मसंस्थापनार्थाय सम्भवामि युगे-युगे॥

II Jai Shree Krishna ll

#Bharat

🔋 Exide Industries's Rs 6,000 crore Li+ cell manufacturing project has secured line of credit of Rs 2,000 crore from banks.

🏭 Construction of the manufacturing plant at Bengaluru is in full swing with expected commencement of phase 1 by 2024-25.

#Manufacturing #MakeInIndia

Source 🔗

The retail price of gold in 🇯🇵 Japan has jumped to an all-time high as the yen extends its historic slide against the 💰US dollar and cash-laden households rush to find a hedge against inflation.

#Economy

Source 🔗

Special Session to be held in the New Parliament.

The Special Session of Parliament will start in the old building on 18th September and will be later moved to the new building on 19th September on the occasion of Ganesh Chaturthi.

#Bharat

At a time when the pressure on natural resources and infrastructure is increasing, it is vital that the world stands against the "might is right" culture, Prime Minister Narendra Modi said.

"In such a context, India has a resource that is perhaps more important than any other kind of resource – human capital which is skilled and talented," he said.

https://mybs.in/2cHhrMa

#Economy

#Telecom #India

Tata Group's consumer unit is in talks to buy at least 51% of popular Indian snack food maker Haldiram's but is not comfortable with the $10 billion valuation sought, two people briefed on the matter said.

If successfully concluded, a deal would see the Indian conglomerate directly compete with Pepsi and billionaire Mukesh Ambani's Reliance Retail.

Haldiram's, a household name in India, is also talking with private equity firms including Bain Capital about the sale of a 10% stake, they said.

#Economy #Manufacturing

Source 🔗

🇮🇳 India is aiming to be the refuelling hub for green ships by producing cheapest green hydrogen, ammonia & methanol in the world

- Minister RK Singh.

#Manufacturing #Economy #Energy

NPCI launches new UPI features to achieve 100 billion transactions a month.

These products include credit line on UPI, conversational payment mode ‘Hello UPI’, BillPay Connect, UPI Tap & Pay and UPI Lite X.

#Finance

China’s economy limped through August. A prolonged slump in the real-estate market deepened. Factories were hit by sinking exports, and consumers kept a tight leash on spending.

#Economy

✅ Close to 90% of the necessary land acquisition for the Wardha-Nanded rail route has been successfully executed.

🚉 The 284.6 km route holds significance as it will provide railway connectivity between the Marathwada and Vidarbha regions.

#Infra

Source 🔗

🛫The upcoming airport in Ayodhya, also known as 🛕Maryada Purushottam Shri Ram International Airport, is scheduled to commence its domestic operations in November this year.

#Infra

Source 🔗

FDI in Uttar Pradesh:

🔸Rs 3,000 Cr in 17 years from 2000 to 2017
🔸Rs 11,000 Cr in 5 years from 2019 to 2023

Almost 4-fold increase in just 5 years compared to the earlier period of 17 years.

This will surely grow much faster in the next 5 years.

#Economy