Former governor of the Reserve Bank of India (RBI) Raghuram Rajan has been under fire on social media for his remarks related to India on the path to being a superpower.

At an event, Rajan was asked if he could be seen as India's finance minister or Prime Minister in the coming decade. While answering, Rajan expressed his indifference towards India being a superpower. He said it was more important to fulfil the vision of Mahatma Gandhi.

Vedanta Resources (VR) has to repay a debt of $2.2 billion in the current financial year, and the company is relying on measures like brand monetisation, refinancing, and transfer of general reserves to retained earnings to keep up with the schedule of its repayment obligations, The Economic Times (ET) reports.

The total debt falling due on Vedanta Resources in the financial year 2023-24 (FY24) is about $4.2 billion. The company has already paid $2 billion in the first quarter.

Shares of Shriram Finance surged 7 per cent to Rs 1,500 in Monday’s intra-day trade, amid heavy volumes. The stock of non banking financial company (NBFC) quoted close to its 52-week high level of Rs 1,509, touched on July 25, 2022.

Till 09:48 am; around 9.98 million shares, which represented 2.66 per cent of total equity of Shriram Finance have changed hands on the BSE, data shows. A combined 11.3 million shares or 3 per cent of total equity of NBFC company changed hands on the BSE and NSE. The names of the buyers and sellers were not ascertained immediately.

India's largest airline Indigo is likely to place the largest order for aircraft in the history of the country's aviation today. The airline board is expected to approve an order of 500 Airbus A320 Neo family aircraft on Monday, The Economic Times (ET) reported. This family consists of A320Neo, A321Neo and A321 XLR aircraft.

The value of the order, at the list price of these aircraft, will be around $500 billion, but the actual value is expected to be smaller as large orders enjoy heavy discounts.

The plan of launching Vande Bharat sleeper coaches has hit a roadblock as the Russian and Indian consortium partners that won the Rs 40,000-crore supply and maintenance contract are caught in an ownership dispute, The Economic Times (ET) reports.

A senior official of Russia's locomotive manufacturer, TMH Group, told ET that its partner, Rail Vikas Nigam Ltd is pushing for a higher stake in the joint venture (JV) and to resolve the situation, the group has reached out to senior government officials with their concerns.

Heavy overnight rains lashed the city and its suburbs, prompting authorities to declare a holiday for schools on Monday.

International flight operations at the airport were affected as around 10 incoming flights, including from Doha and Dubai were diverted to Bengaluru, subsequently affecting departure as well.

The Indian Army rescued 300 more tourists who were stranded in North Sikkim district due to landslides and roadblocks, an official statement said.

The troops of Striking Lion Division, Trishakti Corps on Sunday assisted 300 stranded tourists at Chungthang in North Sikkim to cross over the temporary bridge for further move towards the state capital Gangtok, it said.

The CBI on Friday conducted searches at 25 locations in connection with an FIR registered against 21 officials of the BSNL, including a former general manager, officials said.

The premier investigative agency alleged that the accused officials entered into a conspiracy with a contractor to cheat the Bharat Sanchar Nigam Limited (BSNL).

India recorded 108 new coronavirus cases, raising the tally to 4.49 crore, while the active cases decreased to 1,983, the Union Health Ministry said on Saturday.

The death toll due to the viral disease stood at 5,31,893, according to data updated by the ministry at 8 am.

Russia has already stationed a first batch of tactical nuclear weapons in Belarus, Russian President Vladimir Putin was quoted by a media outlet as saying.

Putin made the remarks during his speech at St Petersburg International Economic Forum. He told the forum that they (tactical nuclear weapons) would only be used if Russian territory or state was threatened, the BBC reported.

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