The inclusion of Indian government bonds in JP Morgan's emerging market debt index is expected to broaden India's investor base, potentially appreciate the rupee, and make it easier for Indian financial institutions to lend money, Chief Economic Advisor V Anantha Nageswaran said on Friday. The move is also likely to simplify financing of the current account deficit (CAD) while reducing government borrowing costs, he said.

Nageswaran, however, also stressed that India's fiscal and monetary policies would need to be cognizant of global perceptions and sensitivities.

NTT Data, a global information technology (IT) services company, has established three computing centres of excellence (CoE) in Chennai, collaborating with RMK Group of Engineering Colleges for the facilities.

The NTT Data full stack computing COE’s objective is to improve students' skills in end-to-end application development. Students will be trained in HTML, CSS, JavaScript, back-end languages like Python, PHP and Ruby, Agile project management, and soft skills.

TVS Motor Company will on September 29 hold India’s first electric two-wheeler racing championship, saying the event will be exclusively for its Apache RTE motorcycles.

The TVS Racing Electric One Make Championship (e-OMC) will see the debut of Apache RTE. The event will be held at the fourth round of Indian National Motorcycle Road Racing Championship (INMRC). The first round of the championship will have eight selected riders.

Tata-owned Air India and Vistara have asked for permission from their creditors to merge the two airlines. On Thursday, The Economic Times (ET) reported that creditors will vote on the proposal on September 23.

Sources told ET that after getting approval from creditors, Air India and Vistara will move for permission from the Registrar of Companies and aviation regulator DGCA. The merger plan has already been given the nod by the National Company Law Tribunal (NCLT) and the Competition Commission of India (CCI).

Online visa application platform Atlys announced on Thursday that it had raised $12 million in series A funding led by Peak XV Partners (formerly Sequoia Capital India) and Elevation Capital.

Existing investors such as Andreessen Horowitz (a16z), the Musical Duo Chainsmokers, South Park Commons, Pinterest Founders, and others also participated in this round.

Shares of EMS made a strong market debut at the Indian stock markets on Thursday, with its equity shares getting listed at Rs 282.05 per share on the National Stock Exchange (NSE). This was a 34 per cent premium over its issue price of Rs 221 per share.

The stock of the company, engaged in water supply & management business, listed at Rs 281.55 on the BSE.

Earlier this month, Reliance Jio Infocomm and chip manufacturer Nvidia revealed their plan to create a large language model specifically designed for India, focusing on its diverse languages and optimised for generative artificial intelligence (GenAI) applications (apps) within the country. Their objective is to collaborate in constructing AI infrastructure that exceeds the computing capabilities of India’s current fastest supercomputer by more than tenfold.

In a similar vein, information technology (IT) giant Infosys and Nvidia have furthered their strategic partnership, aiming to empower businesses to enhance productivity through the utilisation of GenAI apps and solutions.

Shares of Karnataka Bank hit over 15-year high at Rs 249.95, as they gained 4 per cent on the BSE in Wednesday’s intra-day trade in an otherwise weak market after the bank announced plans to raise fresh funds.

The stock of private sector lender was quoting at its highest level since May 2008. It had hit a record high of Rs 286 on February 5, 2008. In past four months, the stock has zoomed 85 per cent. In comparison, the S&P BSE Sensex was down 0.7 per cent at 67,120 at 09:48 AM.

R R Kable (RRKL), wires and cables manufacturer, made a decent stock market debut, with its shares listed at Rs 1,180, a 14 per cent premium over its issue price of Rs 1,035 per share on the National Stock Exchange (NSE) on Wednesday. The stock listed at Rs 1,179 on the BSE.

Post listing, RRKL hit a high of Rs 1,198.05 and a low of Rs 1,173.20 on the BSE in intra-day trade. In comparison, the Nifty 50 was down 0.76 per cent at 19,979.55 at 10:02 AM.

French company TotalEnergies is in the final rounds of investing about $300 million in a new joint venture (JV) company with Adani Green Energy, The Economic Times (ET) has reported. The joint venture will create a facility that will house close to 1 GW of renewable energy projects; the newspaper quoted people aware of the development.

The ownership of the JV company will be shared equally between the two partners. The JV will develop renewable energy-related infrastructure in the domain of solar and wind energy.

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