Saturday, October 03
As tensions between Israel and Iran escalated with intensified air strikes, 100 Indian students from the Iranian city of Urmia reached the Armenian border on Monday evening, waiting for evacuation. The students are expected to be airlifted to safety on Tuesday.The Ministry of External Affairs confirmed that approximately 10,000 Indians are currently in Iran, including around 6,000 students. In response to the growing security risks, Indian authorities have initiated internal relocation efforts. About 600 students were earlier moved from Tehran—targeted in Israeli strikes—to the city of Qom. Others from Shiraz and Isfahan are being relocated to Yazd.In its latest statement, the MEA also confirmed that the Indian students in Tehran have been moved out of the city for reasons of safety, t
"The earnings outlook which started moderating over the last 12 months has started to bottom. You are seeing that in the GDP numbers and therefore with the lag you will start also seeing that in earnings rebounding," says Shiv Puri, TVF Capital Advisors.What is the world looking like? It is just utter chaos, but it seems like there is some stability for equity markets.Shiv Puri: Yes, in the last few years I cannot think of many times where there has not been chaos in the global markets. But for the markets to do well typically it needs three things. One is, it needs free flowing credit. Second is, you need a strong earnings outlook and the third is, you need cheap valuations. And if you look at the story in India 12 months ago, all three were yellow or even red. But today over the last 12
With more than three months left before the Reserve Bank of India's (RBI) September 30, 2025 deadline requiring that 75% of ATMs dispense ₹100 or ₹200 denomination notes from at least one cassette, banks have already achieved 73%. Exclusive data from CMS Infosystems, which manages 73,000 of the country's 215,000 ATMs, reveals that the share of ATMs dispensing low-denomination notes has grown from 65% at the end of December 2024 to 73% within the CMS ATM network."With 60% of consumer expenditure still anchored in cash, enabling availability of ₹100 and ₹200 notes directly addresses day-to-day transactional needs, especially in semi-urban and rural markets," said Anush Raghavan, president, cash management, CMS Info Systems. "At CMS, we have seen the share of ATMs dispensing these den
