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News and analysis from the world of business and finance.

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#G20Summit2023 | Chinese President #XiJinping will not be visiting New Delhi to attend the #G20summit, instead #PremierLiQiang is coming for the global event.

Chinese Premier Li Qiang will be flying directly to New Delhi after attending the 43rd ASEAN summit in Jakarta on September 5-7.

Read more: https://www.livemint.com/news/world/xi-jinping-not-to-attend-g20-summit-instead-premier-li-qiang-is-coming-report-11693501258075.html
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#PersonalFinance | Investors should first set up an account on the chosen platform. A one-time verification process then confirms the user’s identity using Aadhaar & PAN credentials, adding a layer of security and compliance to the procedure.

Investors can then handpick the specific MFs against which they intend to secure a loan.

Read more: https://www.livemint.com/money/personal-finance/systematic-investment-plans-in-mutual-funds-borrowing-against-mf-units-offers-flexibility-and-opportunity-11693502698111.html#:~:text=Investors%20should%20first%20set%20up,intend%20to%20secure%20a%20loan
#PersonalFinance | Whether you are planning overseas travel or want to send money abroad, it is always a good idea to shop around for the best #forex exchange rate.

Here's a list of INR to USD forex rates offered by some of the major banks & travel aggregators.
#MintMacroTracker | Launched in October 2018, Mint’s macro tracker provides a monthly comprehensive report on the state of the economy, based on trends in 16 high-frequency indicators.


Here’s a glimpse of how each indicator fared.


Read more: https://www.livemint.com/economy/highfrequency-indicators-show-mild-deterioration-in-july-mint-tracker-11693546432796.html
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Public sector Oil Marketing Companies (OMCs) slashed the price of 19 KG commercial #LPGgascylinders today. The prices of 19 KG commercial #LPG gas cylinders have been reduced by ₹158.



The announcement came days after Prime Minister #NarendraModi slashed the prices of domestic LPG gas cylinders by ₹200.



Read more: https://www.livemint.com/news/india/commercial-gas-cyclinder-prices-down-after-govt-slashed-domestic-lpg-rates-check-latest-price-11693543097878.html
The government has increased the price of natural gas to $8.60 per metric million British thermal unit (mmBtu) for September, from $7.85 in August.

However, the price of the gas from the nominated gas fields of ONGC and Oil India has been kept unchanged at the price cap of $6.5 per mmBtu.

Read more: https://www.livemint.com/industry/energy/government-raises-natural-gas-prices-to-8-60-per-mmbtu-11693549959932.html
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The #incometax department has announced major relief to taxpayers, availing company-provided rent-free homes. It has lowered the tax for employees staying in such accommodations. The new rule comes into effect from today, September 1, 2023.

Read more: https://www.livemint.com/money/personal-finance/new-income-tax-rules-for-these-salaried-taxpayers-from-1-september-2023-tax-home-salary-increase-details-here-11693550632338.html
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#GSTrevenues for August 2023 grew by 11% YoY due to improved compliance and reduced evasion, says Revenue secretary.


Read more: https://www.livemint.com/economy/india-q1-gdp-growth-may-moderate-in-the-coming-quarters-should-investors-be-worried-11693552301140.html
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Indian Navy's warship #Mahendragiri was launched in Mumbai today by Vice President Jagdeep Dhankhar’s wife Sudesh Dhankhar launched the warship and the vice president was the chief guest at the event in Mumbai.

The Indian Navy’s warship Mahendragiri has been developed by Mazagon Dock Shipbuilders Limited (MDL).

📷: HT photo by Anshuman Poyrekar

Read more: https://www.livemint.com/news/warship-mahendragiri-with-advanced-weapons-sensors-launched-all-you-need-to-know-11693566582282.html
Factory production at 3-month high in August | Govt raises #naturalgas prices to $8.60/mmBtu | #G20 meeting drives up Delhi hotel rates

Read today's Mint e-paper here: epaper.livemint.com
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#Ola has joined govt-backed Open Network for Digital Commerce (#ONDC) to provide food delivery services and is currently visible to small number of users.

Read more: https://www.livemint.com/companies/ola-joins-government-backed-ondc-for-food-delivery-services-report-11693617984829.html
The ED late Friday night arrested Jet Airways founder Naresh Goyal in a money laundering case linked to an alleged bank fraud of ₹538 crore at the Canara Bank.

Read more: https://www.livemint.com/companies/people/ed-arrests-jet-airways-founder-naresh-goyal-in-bank-fraud-linked-money-laundering-case-officials-11693590770658.html
Competition Commission of India (CCI) has approved the merger of Tata SIA Airlines which operates Vistara with the Tata group's Air India subject to the parties complying with certain voluntary commitments.

Read more: https://www.livemint.com/news/india/cci-clears-air-india-vistara-merger-11693591394836.html
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#WATCH | #ISRO's #AdityaL1 was successfully launched from Satish Dhawan Space Centre today. Aditya-L1 is the first space-based observatory class to study the Sun and is fired using ISRO's reliable PSLV.

Read more: https://www.livemint.com/science/aditya-l1-isro-successfully-launches-india-s-maiden-solar-mission-11693631708491.html
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#Watch | #AdityaL1 satellite has been separated. PSLV C-57 mission Aditya L-1 accomplished

"PSLV C-57 has successfully injected the Aditya L-1 satellite into the desired intermediate Orbit," says #ISRO.

#solarmission #sun
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US #GreenCard backlog for employment-based applicants, particularly Indians, reaches alarming levels with estimated waiting time of 134 years.

Over 1.8 million cases in backlog, affecting futures of 134,000 Indian children. Over 400,000 may die while waiting. Broken immigration policy blamed.

Read more: https://www.livemint.com/news/world/us-green-card-backlog-10-7-lakh-indians-await-processing-with-134-year-wait-time-11693619839744.html
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The All India Football Federation has announced that Bhubaneswar & Guwahati will host India's opening two home matches in the #FIFAWorldCup2026 and #AFCAsianCup2027 Preliminary Joint Qualification Round 2.

Read more: https://www.livemint.com/sports/bhubaneswar-guwahati-to-host-indias-opening-two-home-matches-in-fifa-world-cup-2026-afc-asian-cup-2027-11693645899741.html
The Indian Space and Research Organisation (#ISRO) said that the #PragyanRover module of the Vikram lander has been put on a ‘sleep mode’ on Saturday.

ISRO also informed that the next sunrise is expected on September 22, 2023, and hoped for a successful awakening for another set of assignments.

Read here: https://www.livemint.com/science/news/chandrayaan3-update-isro-says-pragyan-rover-put-into-sleep-mode-may-wake-up-on-22-september-11693672750131.html
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#MohamedAlFayed, the outspoken Egyptian tycoon who turned around the fortunes of two iconic London institutions—Harrods department store and Fulham Football Club—and waged a war of words with the British royal family after his son was killed in a car accident alongside Diana, Princess of Wales, has passed away at 94.

Read here: https://www.livemint.com/news/world/mohamed-al-fayed-billionaire-former-harrods-owner-dies-at-94-11693649590106.html