Franklin Templeton Mutual Funds (FT MF) deserves credit for the way they managed to tide over the debt crisis in the wake of Covid-19 in 2020, veteran banker Deepak Parekh said at an FT MF event in Mumbai on Friday.

FT MF had wound up six of its debt schemes in April 2020, citing redemption pressure amid a lack of liquidity in the bond market.

Ahead of Prime Minister Narendra Modi's birthday on September 17, Yoga followers hosted four 'yog shivirs' in Gujarat's Rajkot to create awarness among the people for yoga. The two-day event held to celebrate PM Modi's 73rd birthday was attended by more than 500 people in Rajkot.

Similar Yog Shivirs were also held across Gujarat by different teachers and various institutes, where thousands of people from all age groups participated in the shivirs, and mass Surya Namaskar programme was performed.

FMCG major Dabur India said on Friday that it is planning to grow its Home and Personal Care (HPC) segment in double digits and targeting revenue of Rs 7,000 crore in the medium term. The company is also targeting Rs 5,000 crore in sales from its healthcare segment.

Both the verticals, HPC and healthcare, part of the care segment, are major contributors to Dabur's business. In FY23, they accounted for 56.2 per cent of the consolidated sales of Dabur, which were Rs 11,530 crore.

The price of 24-carat gold rose Rs 220 during Saturday's early trade, with ten grams of the precious metal selling at Rs 59,670, according to the GoodReturns website. Silver jumped Rs 500 with 1 kg of the precious metal selling at Rs 74,000.

The price of 22-carat gold rose Rs 200, with the yellow metal selling at Rs 54,700.

The United Kingdom on Friday announced a joint investment package with Tata Steel worth £1.25 billion (about $1.55 billion), including a government grant of £500 million ($621 million,) to secure the future of Port Talbot operations in Wales — the country’s largest steelworks — giving a fresh lease of life to the structurally weak business.

The joint investment package said to be the largest in the UK steel industry in decades would pave the way for greener steelmaking at the Welsh unit, by replacing coal-powered blast furnaces nearing the end of their effective life with a state-of-art 3 million tonne electric arc furnace (EAF).

India's second-largest software services exporter Infosys said it signed a $1.5 billion contract for a 15-year period with a "global company".

Under the deal, Infosys will provide enhanced digital experiences and business operation services, leveraging the company's platforms and artificial intelligence (AI) solutions, it said on Thursday.

The Finance Ministry has notified 31 benches of GST Appellate Tribunal (GSTAT) which will be set up in all states and Union Territories.

Setting up of state-level benches of GSTAT would help businesses by way of faster dispute resolution.

In his first public comments on the Sanatan Dharma controversy on Thursday, Prime Minister Narendra Modi urged the people to be alert to the “designs” of the INDIA bloc of parties to “destroy” Sanatan Dharma, and push the country into another “thousand years of slavery.”

The PM said Sanatan Dharma kept “Bharat” united for several millennia, asserting that Sanatan culture gave priority not to birth, but to a person’s karma.

The Oil India Limited (OIL), a state-owned company, plans to invest Rs 25,000 crore in renewable energy to achieve net zero emissions by 2040.

Ranjit Rath, chairman and managing director of Oil India Ltd (OIL), on Thursday said that the company will invest in green hydrogen, solar, geothermal energy, 2G ethanol plant, compressed biogas plants, and carbon capture utilisation and storage (CCUS), along with initiatives to eliminate flaring.

Shares of ITI Ltd rallied 7 per cent on Thursday to hit the highest level in over 25 years on the BSE. The stock touched Rs 212.45, its highest level since February 1994 on heavy volumes.

The average trading volumes on the counter nearly doubled with a combined 31.2 million equity shares, representing 3.2 per cent of total equity, having changed hands on the NSE and BSE.

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