Tata Steel wins UK aid for Port Talbot | Bulls drive Sensex to record streak | Goods trade deficit swells to 10-month high in Aug

Read today's Mint e-paper here: https://epaper.livemint.com

#BestoftheWeek, 16 September: Byju's money crunch, EbixCash's DRHP gaffe, and retiring early.

https://www.livemint.com/weekend/expensive-iphones-and-bull-runs-11694768813896.html

US President #JoeBiden will not pardon #HunterBiden if he's convicted on gun charges against him, White House press secretary Karine Jean-Pierre said.

Read here: https://www.livemint.com/news/india/joe-biden-wont-pardon-son-hunter-if-he-is-convicted-says-white-house-11694829793864.html

Prime Minister Narendra Modi retained his top position as the world's most popular leader with an approval rating of 76%, according to a survey by US-based consultancy firm ‘Morning Consult’.

Read here: https://www.livemint.com/news/india/pm-modi-retains-world-s-most-popular-global-leader-position-report-11694836930418.html

The UK government announced that it had agreed a joint investment package with #TataSteel for Britain's largest steelworks in Wales, including a grant worth up to £500 million.

Read here: https://www.livemint.com/companies/news/tata-steel-signs-pact-with-uk-govt-for-largest-investment-in-uk-steel-sector-11694775615768.html

Cocaine is set to become Colombia's main export and overtake oil, according to estimates by Bloomberg Economics.

The production of the narcotic continues to expand as the government takes a more lenient policy regarding drugs.

Read here: https://www.livemint.com/news/world/cocaine-set-to-become-colombias-top-export-after-surpassing-oil-report-11694850394856.html

On his 73rd birthday, Prime Minister #NarendraModi inaugurated the extension of the Delhi Airport Metro Express line, connecting it to a new metro station called 'YashoBhoomi Dwarka Sector 25' from Dwarka Sector 21.

To mark this special occasion, PM Modi also took a ride on the Delhi Metro, where he engaged with both metro staff and fellow commuters.

Read more: https://www.livemint.com/news/india/pm-narendra-modi-travels-in-delhi-metro-on-73rd-birthday-inaugurates-extension-of-delhi-airport-metro-express-line-11694931018470.html

In commemoration of #VishwakarmaJayanti PM #NarendraModi today launched the 'PM Vishwakarma' scheme for the benefit of traditional artisans.

On his 73rd birthday, PM Modi launched 18 post tickets & the Toolkit Booklet during the launch of 'PM Vishwakarma' scheme at the India International Convention and Expo Centre, in Dwarka.

Read more: https://www.livemint.com/news/india/pm-modi-launches-vishwakarma-scheme-all-you-need-to-know-11694937576986.html

#SBI has now come up with an innovative way to ensure timely repayment of loans- a surprise visit with a pack of chocolates.

This novel way is intended to encourage borrowers, especially retail borrowers, to make timely repayments.

Read more: https://www.livemint.com/industry/banking/sbi-mulls-innovative-way-to-ensure-timely-loan-repayment-chocolates-and-surprise-visit-for-defaulters-11694945382082.html

#MintCharts | Recently, #RBI ran the latest issue of the Sovereign Gold Bonds (SGBs) scheme, under which the government issues bonds to investors linked to the price of gold.

Since the scheme began in November 2015, the SGB issue this June saw the highest volume of 7,769 kg mobilised under the scheme. What is the way forward for this scheme?

Google Doodle celebrates ‘Respect for the Aged Day 2023', also known as Keirō no Hi or 敬老の日 in Japanese.

This day is observed on the third Monday of every September. In Japan, the day holds a deep cultural significance as it honors the elderly population.

https://www.livemint.com/news/world/google-doodle-celebrates-respect-for-the-aged-day-a-day-to-honor-elders-11695006719399.html

An Amrita Sher-Gil painting titled The Story Teller, signed and dated 1937, fetched a staggering ₹61.8 crore, etching its name in history as the most expensive Indian artwork to be auctioned.

Read here: https://www.livemint.com/news/india/amrita-sher-gil-s-the-story-teller-fetches-record-61-8-cr-11694975754439.html

#PersonalFinance | Car loans 🚗 are usually of 3 to 5 years, but some lenders may offer loans for up to 7 years too.

A loan for longer may mean smaller equated monthly instalments (#EMIs), which makes the car seen more affordable, but overall, you pay more as interest.

#PersonalFinance | A well-managed multi-asset fund can help investors reduce overall volatility on their investments.

The funds analysed showed a standard deviation of 5.7% on an average. Standard deviation is a measurement of volatility.

Read here: https://www.livemint.com/money/personal-finance/unlocking-the-power-of-diversification-a-guide-to-multi-asset-funds-and-their-role-in-your-investment-portfolio-11694976293597.html#:~:text=A%20well%2Dmanaged%20multi%2Dasset,is%20a%20measurement%20of%20volatility.

“Success of Moon Mission --- #Chandrayaan3 has hoisted our Tiranga, Shiv Shakti Point has become a new centre of inspiration, Tiranga Point is filling us with pride," PM Modi said before the commencement of the #ParliamentSpecialSession.

Read here: https://www.livemint.com/news/india/chandrayaan3-tiranga-point-is-filling-us-with-pride-prime-minister-narendra-modi-11695013225505.html

#Jeep, the SUV maker is evaluating different options before finalising its strategy for electric vehicles (EVs) for the India market, said a report by PTI citing a top company executive.

Read here: https://www.livemint.com/auto-news/jeep-evaluating-options-before-finalising-ev-strategy-report-11694970738879.html

Debt-ridden telecom operator #VodafoneIdea has paid Rs 1,700 crore to the government which includes the dues for the 5G spectrum and other spectrum acquired previously.

Read here: https://www.livemint.com/industry/telecom/vodafone-idea-pays-rs-1-700-crore-to-the-indian-government-for-5g-and-other-spectrum-dues-11694976477649.html

#Foxconn has said that they are planning to double their investment and workforce in India within the next twelve months, according to V Lee's LinkedIn post on the occasion of PM Modi's 73rd birthday.

Read here: https://www.livemint.com/companies/news/foxconn-to-double-workforce-investment-in-india-by-this-time-next-year-11694969169602.html

#MintCharts | #Cyberattacks have seen an alarming rise in India. Between 2020 and 2022, India averaged 1.3 million #cybersecurity incidents a year, according to data presented in Parliament earlier this year, based on incidents reported to or tracked by the Indian Computer Emergency Response Team (CERT-In), a government nodal agency.

#Biocon has appointed its Board of Director member, Peter Bains, as its new group Chief Executive Officer.

To takeover the position, Peter Bains, stepped down from his role as non-executive independent director from the Board of Biocon with with immediate effect.

Read more: https://www.livemint.com/companies/people/biocon-ropes-in-peter-bains-as-group-ceo-kiran-mazumdar-shaw-11695044341523.html

Bringing relief to companies, the government has extended the due date for filing #incometaxreturns by companies by one month till November 30.

Other than this, the due date for furnishing audit reports by companies who need to get their accounts audited has been extended by one month till October 31.


Read more: https://www.livemint.com/news/india/government-extends-due-date-for-filing-itr-by-firms-till-november-30-11695052022688.html