Rupee falls 1 paisa to 83.03 against US dollar on Monday-Telangana Today

A weak American currency against major rivals overseas, however, supported the domestic unit and restricted the fall

Updated On – 06:47 PM, Mon – 11 September 23


Rupee falls 1 paisa to 83.03 against US dollar on Monday

Representational Image

New Delhi: The rupee settled 1 paisa lower at 83.03 (provisional) against the US dollar on Monday, as positive cues from domestic equity markets failed to allay investors’ concerns over elevated crude prices.

A weak American currency against major rivals overseas, however, supported the domestic unit and restricted the fall, forex traders said.

At the interbank foreign exchange market, the local unit opened at 82.93 against the US dollar and moved between the peak of 82.83 and the lowest level of 83.06.

The rupee finally settled 1 paisa lower at 83.03 (provisional) against the previous close.

On Friday, the Indian unit had appreciated 21 paise to close at 83.02 against the greenback.

“We expect the rupee to trade with a slight positive bias on the soft US dollar, positive domestic markets and a correction in crude oil prices. However, concerns over global economic slowdown and rising expectations of a rate hike by FOMC amid strong economic data from the US may cap sharp gains,” Anuj Choudhary, Research Analyst at Sharekhan by BNP Paribas, said.

Choudhary said that traders may remain cautious ahead of inflation data from India and the US later this week. “USD/INR spot price is expected to trade in a range of Rs 82.40 to Rs 83.30.” Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.42 per cent to 104.65.

Brent crude futures, the global oil benchmark, were trading 0.30 per cent lower at USD 90.38 per barrel.

On the domestic equity market front, the BSE Sensex regained the 67,000-level and closed 528.17 points or 0.79 per cent higher at 67,127.08. The broader NSE Nifty advanced 176.40 points or 0.89 per cent to 19,996.35.

Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Friday as they offloaded shares worth Rs 224.22 crore, according to exchange data.

India’s passenger vehicle sales increase to highest-ever level in August-Telangana Today

In the Three-Wheeler category, sales witnessed an extraordinary surge, with 64,763 units sold in August 2023 compared to 38,369 units in the same month the previous year, registering a remarkable year-on-year increase

Published Date – 11:37 PM, Mon – 11 September 23


India’s passenger vehicle sales increase to highest-ever level in August

In the Three-Wheeler category, sales witnessed an extraordinary surge, with 64,763 units sold in August 2023 compared to 38,369 units in the same month the previous year, registering a remarkable year-on-year increase

New Delhi: The Society of Indian Automobile Manufacturers (SIAM) has revealed that August 2023 witnessed achievements in the Indian automotive industry, with the highest-ever year-on-year monthly sales for Passenger Vehicles and Three-wheelers.

The announcement was made by SIAM during the release of the monthly sales data for August 2023. Highest-ever passenger vehicle sales reported. This growth reflects the resilience and dynamism of the sector. In the Three-Wheeler category, sales witnessed an extraordinary surge, with 64,763 units sold in August 2023 compared to 38,369 units in the same month the previous year, registering a remarkable year-on-year increase.

Two-wheeler sales remained robust, with 15,66,594 units sold in August 2023, a marginal increase from the 15,57,429 units sold in August 2022.

Commenting on the sales data for August 2023, Vinod Aggarwal, President of SIAM, expressed his enthusiasm for the sector’s performance.

Vinod Aggarwal stated, “Last month witnessed the highest-ever August month sales for Passenger Vehicles and Three-Wheelers, while Two-Wheeler sales remained stable compared to a year ago. We have also observed significant growth in the Commercial Vehicle segment in August 2023.

Based on last month’s performance, we are even more optimistic about the upcoming festive season, driven by a positive economic outlook and the revival of monsoon following a deficit in August”, said Aggarwal.

SIAM’s report detailed the robust growth across various segments of the automotive industry. In August 2023, approximately 3.59 lakh units of Passenger Vehicles were sold, representing a notable growth of 9.40 per cent compared to the same month in 2022.

Three-Wheelers reported exceptional growth, with a staggering 68.79 per cent increase, achieving sales of approximately 0.65 lakh units in August 2023.

Furthermore, Two-Wheeler sales remained steady, with 15.67 lakh units sold in the country, reflecting a growth of 0.59 per cent compared to August 2022.

SIAM said, 3.59 lakh units of Passenger Vehicles were sold in the month of August, with a growth of 9.40% compared to August 2022. Three-Wheelers also reported a significant growth of 68.79%, posting sales of about 0.65 lakh units in August 2023. 15.67 Lakh Two-Wheelers were sold last month in the country, with a growth of 0.59% compared to August 2022. The sales figures for August 2023 underscore the resilience and vitality of the Indian automotive sector.

The industry’s optimistic outlook and strong performance are expected to continue, particularly with the festive season on the horizon and positive economic indicators.

America pays tribute to 9/11 victims on 22nd anniversary of terror attacks

American citizens and leaders across the US Monday paid tributes and honoured the memories of the nearly 3,000 people who died in the horrific September 11 terrorist attacks as the US commemorates 22 years of the tragedy.

Published Date – 11:41 PM, Mon – 11 September 23


America pays tribute to 9/11 victims on 22nd anniversary of terror attacks



New York: American citizens and leaders across the US Monday paid tributes and honoured the memories of the nearly 3,000 people who died in the horrific September 11 terrorist attacks as the US commemorates 22 years of the tragedy.

The victims of the 9/11 terror attacks were honoured during a solemn ceremony at the site of the 9/11 Memorial and Museum in Lower Manhattan, where the twin towers of the World Trade Centre once stood and which were razed to the ground when two airlines hijacked by Al-Qaeda terrorists crashed into the towers, forever altering the Manhattan skyline on September 11, 2001.

Bells chimed and a moment of silence was observed at the exact time when tragedy struck across the US 22 years ago – at 8:46 am, the exact moment when American Airlines Flight 11 crashed into the North Tower, the first of the four attacks that occurred that morning. At 9:03 am United Airlines Flight 175 struck the South Tower, at 9:37 am American Airlines Flight 77 crashed into the Pentagon near Washington DC, at 9:59 am the South Tower collapsed, 10:03 am United Airlines Flight 93 crashed in Shanksville, Pennsylvania and at 10:28 am the North Tower fell.

“Today, we remember the 2,977 precious lives stolen from us on 9/11 and reflect on all that was lost in the fire and ash that September morning. The American story itself changed on this day 22 years ago. But what could not — and will not — change is the character of this nation,” President Joe Biden said in a post on platform X.

Hyderabad: Woman commits theft at own house with her siblings, held

Fareeda Begum along with her co-brother Mohammed Sameer and sister Farheen Begum gained entry into her own house after breaking the locks and collected gold ornaments before escaping

Published Date – 11:15 PM, Mon – 11 September 23


Hyderabad: Woman commits theft at own house with her siblings, held

Representational Image

Hyderabad: A woman who allegedly committed theft in her own house with the help of her siblings to clear loans was arrested by the Mirchowk police on Monday.

According to the police, the woman Fareeda Begum, (45), a resident of Osmanpura in Mirchowk police station limits along with her co-brother Mohammed Sameer and sister Farheen Begum gained entry into her own house after breaking the locks and collected gold ornaments before escaping.

“Before committing the theft, the woman told her husband Zahoor that she was going to visit her relatives and left the house. When her husband also went out on some work after locking the door, she broke into the house and took away the gold ornaments and other articles,” said Mirchowk Inspector, N Dilip Kumar said.

The woman had mortgaged some of her gold ornaments and also obtained a loan through online mode for setting up a small business. Her husband was not aware about the loan and mortgages and fearing that he would ask for it, she decided to steal the remaining gold from the house and sell it off,” he said.

On Sunday, Zahoor noticed that some persons had broken into their house and stole the gold ornaments and subsequently lodged a complaint. A case was registered and the police tracked down the woman and her siblings.

The trio are arrested and remanded.

Ultimatum for Iraq to disarm Kurdish separatists will not be extended: Iran

Iran’s Foreign Ministry spokesman Nasser Kan’ani says the ultimatum given to iraq to disarm Kurdish separatist groups will not be extended.

“Iran’s stance is completely clear. According to the agreement reached with the Iraqi government, the final deadline for the disarmament of the terrorist and separatist forces in Iraq’s Kurdistan region ends on September 19 and that deadline will not be extended in any way.”

He noted that the Iraqi government has taken measures in this regard, and has stressed that it will honor its commitments.

Iran, Russia to sign comprehensive roadmap for bilateral ties

Noting that the Iran-Russia relations in all fields are growing, Kan’ani told reporters that “talks are underway between the two countries to draft a comprehensive document” aimed to serve as “a complete and comprehensive roadmap” that will allow government institutions to pursue bilateral ties based on the set goal.

He noted that the two sides exchanged a draft agreement, and that their working groups are reviewing it.

The two sides will sign “the new comprehensive document” once it is finalized, he said, adding that it will “turn into a new roadmap for expanding cooperation and relations with Russia.”

Russia and Iran, both under Western sanctions, have forged closer relations in military and other areas in recent years.

Iran in contact with Armenia, Azerbaijan

Referring to the situation on the border between Armenia and Azerbaijan, the spokesman said Tehran is “in contact with the two countries’ officials” with the aim of easing tensions.

He noted that Iran is “sensitive” about the security of its northern borders and is seriously monitoring the situation there because of “the importance of the developments in the Caucasus and the impact of any instability, unrest and new tension in the region on the entire region.”

Armenia and Azerbaijan accused each other on Thursday of amassing troops close to their joint border as tensions continue to rise over the Nagorno-Karabakh region.

Located in the South Caucasus, the landlocked region of Nagorno-Karabakh has been at the center of a dispute between Azerbaijan and Armenia for more than three decades.

Since gaining independence from the former Soviet Union in 1991, the two neighboring countries have fought two wars, in 1994 and 2020, over the mountainous territory.

Karabakh, while acknowledged as a part of Azerbaijan by the international community, has a predominantly Armenian population that has persistently opposed Azerbaijani governance since a separatist war in 1994.

Tensions remain high and skirmishes along the shared border are a regular occurrence despite mediation efforts by the European Union, the United States and Russia.

Commenting on the election of a new president in Karabakh, Kan’ani reiterated that Iran’s stance on the region is “clear, constant and transparent”, adding that Karabakh is part of Azerbaijan and that the rights and safety of the region’s residents must be ensured within a specific framework.

He stressed the importance of respecting the territorial integrity and sovereignty of all countries and refraining from any actions that cause tensions.

The spokesman also reiterated Iran’s opposition to any change to the region’s geopolitics and internationally-recognized border.

Lawmakers in Nagorno-Karabakh’s parliament elected the head of the security council in the separatist government, Samvel Shahramanyan as the region’s new president.

Referring to the joint war games between Armenia and the US, the spokesman said the American troops “were never seeking stability and security”, and that they created instability and insecurity wherever they existed.

He stressed that the presence of extra-regional forces in the region disturbs its security, adding the security of the region must be ensured by the regional countries.

Response to any ‘foolish Israeli action’

Commenting on assassination threats made by the chief of the Israeli Mossad spy agency against Iranian officials, Kan’ani said such remarks prove that Israel is a “fake, usurping regime that is based on terrorism” and is pursuing terrorist acts to achieve its “illegitimate” interests.

The spokesman vowed that Iran will respond to “any foolish action”, noting that Tehran has proved its ability to ensure its security and has dealt the Israeli regime heavy blows many times.

Europe’s role in Saddam’s chemical attacks

Elsewhere in his remarks, the spokesman noted that Tehran has been legally and diplomatically pursuing the role played by some European countries, whether directly and indirectly through their companies, in supplying the regime of former Iraqi dictator Saddam Hussein with chemical weapons to be used against Iranians during the 1980-1988 war on Iran.

He noted that protecting the rights of the Iranian people is among the duties of the diplomatic apparatus, vowing that it will continue to pursue the issue in international forums.

Attack on Iran embassy in Paris

Commenting on the recent attack on Iran’s embassy in France, Kan’ani emphasized that “we strongly condemn” the assault.

He noted that Iran has sent a formal notice of protest to French officials in Tehran and Paris.

On Saturday, members of anti-Iranian counterrevolutionary groups attacked the building’s consular section. The assailants burnt tires in front of the entrance to the building’s consular section, inflicting some minor damage on its door.

Kan’ani stressed that France is responsible to ensure the security of Iran’s embassy and diplomatic facilities under the Vienna Convention on Diplomatic Relations of 1961.

He added that France’s ambassador in Tehran strongly condemned the action during a meeting with the head of Europe department at the foreign ministry and stressed that the French authorities are pursuing the case to identify those responsible for the act and hold them accountable.

“We and the French government are pursing the issue,” he stressed.

Transfer of unblocked funds ‘soon’

Asked about a Reuters’ report that said the transfer of Iranian funds which were blocked in South Korea under the pretext of US sanctions to banks in Qatar will take place as early as this week, Kan’ani expressed the country’s hope that “the transfer will be completed in the upcoming days and that the Islamic Republic will gain full access to its assets.”

Iran, under the reached agreement, can use its unblocked funds “to buy unsanctioned goods”, Kan’ani stressed.

Kan’ani also reiterated that the release of the funds has nothing to do with the prisoner exchange agreement with the United States.

“Considering the humanitarian nature of the issue, we are ready to implement the prisoner swap deal,” he said, noting that it could have taken place long ago if the American side had cooperated and had not linked it to other issues such as the nuclear deal, which the US unilaterally abandoned in May 2018 despite Iran’s full and strict compliance.

“We are optimistic that the exchange of prisoners will take place in the near future based on the reached agreement.”

Assembly condemns opening of Israel embassy in Bahrain

“The opening of the embassy of the criminal Zionist regime in Bahrain is an inappropriate act that is considered a clear example of betrayal of the holy cause of Palestine,” a statement issued by the Islamic Awakening Assembly on Monday read.

The statement further considered the Al-Khalifa regime’s action as an ill-considered action that would only help the Zionist regime to live a little bit longer.

“In a situation where the Zionist terrorist regime is in a state of destruction and is suffering from an existential crisis and facing collapse from within, the act could serve the occupying regime,” the Assembly further said.

“More than 80% of Bahrainis are against any normalization of relations with Zionist criminals. Also, the opening of an embassy in Manama will definitely put the Bahraini rulers  in trouble in the near future and will endanger the security infrastructure and national interests of the country and the entire region,” it further read.

The assembly further described the normalization of relations with the Zionist regime as “failed project” that could not bring any legitimacy to the regime.

MNA/ISNA1402062012895

India crushes Pakistan by 228 runs in Asia Cup

Virat Kohli (122) and K L Rahul (111) struck unbeaten centuries to steer India to a commanding 356 for two, the team’s joint highest total against Pakistan in ODIs.

Updated On – 11:34 PM, Mon – 11 September 23


India crushes Pakistan by 228 runs in Asia Cup



Colombo: India crushed Pakistan by 228 runs in a Super 4 match of the Asia Cup here on Monday.

Virat Kohli (122) and K L Rahul (111) struck unbeaten centuries to steer India to a commanding 356 for two, the team’s joint highest total against Pakistan in ODIs.

Part time spinner Iftikhar Ahmed leaked 52 runs in 5.4 overs and was the second most expensive bowler for Pakistan after Shaheen Shah Afridi (1/79 in 10 overs).

In response, Pakistan were all out for 128 in 32 overs. Kuldeep Yadav was the stand out bowler for India as he ended with a five wicket haul.

Brief Scores:

India 356 for 2 in 50 overs (Virat Kohli 122 not, K L Rahul 111 not out; S Khan 1/71). Pakistan 132 all out in 23 overs (Fakhar Zaman 27; Kuldeep Yadav 5/25). PTI BS

 

 

Yatra Online IPO to open on Friday-Telangana Today

The initial share sale of travel service provider Yatra Online Ltd will open for public subscription on Friday.

Published Date – 10:41 PM, Mon – 11 September 23


Yatra Online IPO to open on Friday

The initial share sale of travel service provider Yatra Online Ltd will open for public subscription on Friday.

New Delhi: The initial share sale of travel service provider Yatra Online Ltd will open for public subscription on Friday.

The three-day Initial Public Offering (IPO) will conclude on September 20 and the bidding for anchor investors will open on September 14 and for retail on September 15, according to the Red Herring Prospectus (RHP) filed on Friday.

The online travel company had raised Rs 62 crore from a rights issue and allotted 26.27 lakh shares at a price of Rs 236 per share, which was a part of pre-IPO placement.

Hence, the size of the fresh issue of Rs 750 crore has been reduced by Rs 148 crore, including the pre-IPO placement of Rs 62.01 crore, and accordingly, the fresh issue is Rs 602 crore.

The company has revised its Offer For Sale (OFS) component from 93.28 lakh equity shares to 1.22 crore equity shares after its promoter, THCL Travel Holding Cyprus Ltd offloading more shares in the issue.

The OFS now comprises up to 1.17 crore equity shares by THCL Travel Holding Cyprus Ltd and up to 4.31 lakh shares by investor Pandara Trust – Scheme I, represented by its trustee Vistra ITCL (India) Ltd, as per the RHP.

Proceeds from the fresh issue worth up to Rs 150 crore will be utilised towards strategic investments, acquisitions and inorganic growth and up to Rs 392 crore towards investment in customer acquisition and retention, technology, and other organic growth initiatives.

Yatra Online Ltd is a corporate travel services provider in terms of number of corporate clients and the third largest online travel company in the country among key online travel players in terms of gross booking revenue and operating revenue.

SBI Capital Markets Ltd, DAM Capital Advisors Ltd and IIFL Securities Ltd are the book-running lead managers to the IPO.

The shares of the company will be listed on the BSE and NSE.

Leader: World on verge of transformation, US to become weaker

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says the world is on the threshold or the beginning of a transformation, which includes the weakening of the arrogant powers.

“The arrogant power of America and some European countries has weakened and will become weaker,” he said in a meeting with thousands of people from the provinces of Sistan and Baluchestan and South Khorasan in Tehran on Monday.

The US, the Leader said, is working on ethnic and sectarian faultlines in Iran with the aim of creating a crisis in the country.

“Our information tells us that the American government has created a crisis group with the mission to search for the points which they think can be used to provoke a crisis in Iran.

“With contemplation and study, they have concluded that there are several crisis points in Iran: ethnic differences, religious differences, and the issue of gender and women, which should be provoked to create a crisis,” the Leader explained.

“This is America’s program but camels dream of cotton seeds,” Ayatollah Khamenei, using a famous Persian proverb to denote delusion.

About a year ago, Iran was hit by a cocktail of subversive action, which included riots under the moniker of women’s rights after a young girl from Iran’s Kurdistan collapsed at a police station and passed away later in hospital.

The incident was pounced upon by subversive elements in Sistan and Baluchestan and Kurdistan to trigger months of mayhem. Like the Iranian Kurdistan which is predominantly Kurdish and Sunni, Sistan and Baluchestan has a significant Baluch and Sunni population.

People from the provinces of Sistan and Baluchestan and South Khorasan meet with Ayatollah Khamenei in Tehran.

Ayatollah Khamenei said, “The enemy is serious in its enmity and planning, but we are also very serious in confronting the enemy.”

“The enemy has targeted two basic points, one is national unity, the other is national security, and we must stand against this plan of the enemy.”

Unity, Ayatollah Khamenei said, means that religious, political, group and ethnic differences should be left aside where the interests of the nation are at stake.

“All people from different ethnicities and religion groups should join together. Since there is a clear direction, this unity is important,” the Leader said.

As for security, he said, “those who threaten national security are the enemies of the nation; they work for the enemy, whether they realize it or not”.

‘Big change’

Ayatollah Khamenei said a big change is in the making in the world, toward which the regional nations should not be indifferent, as they were during the colonial era, or after the First World War.

“The main lines of this transformation are several things: First of all, the weakening of the world’s arrogant powers. The arrogant power of America has weakened and is getting weaker. Another main line of this evolution is the emergence of new regional and global powers.

“They themselves say that the indicators of American power in the world like economy are declining. One of the most important indicators of American power was the strong American economy; they say it is declining.”

Another line is the US possibility of interfering in other states, Ayatollah Khamenei said.

“America interfered in various governments, but the condition is now declining. Today, America has to create a combined war in order to hit the governments that it wants to hit, which is very costly for it, and will not work out in the end.”

The Leader called the US failure in Syria and the humiliating escape from Afghanistan as two obvious examples of the decline of American power.

As for the decline of Europe, the situation is no better.

“You hear these days how the African countries that were under the influence of France are rising against it one after another,” the Leader said.

“The Western powers, which are headed by America and then Europe, do not have the former power today, they are weakening and this weakness is increasing. Day by day, new powers are rising; this is a great global change.”

Nevertheless, “when we say the enemy is becoming weak, it doesn’t mean that it cannot plot, be hostile and strike, it can,” Ayatollah Khamenei said.

“They are busy planning, we should not sleep, we should not be negligent.”

Ayatollah Khamenei said the US plots are not exclusive to Iran. Washington, he said, has also plans in the region for Iraq, Syria, Lebanon, Yemen, Afghanistan and even for the countries of the Persian Gulf, which are its old and traditional friends.

Ayatollah Khamenei meets people from the provinces of Sistan and Baluchestan and South Khorasan.

‘With the Prophet, against infidels’

“We must be careful not to go astray, not to make mistakes, not to exchange right for wrong,” the Leader said.

“The Qur’an has given us a standard. The Qur’an says that ‘Muhammad is the Messenger of God and those who are with him.’ Are we with the Prophet or not? This is the way, it has a sign.

“’And those who are with Him are bitter against the infidels.’ If you see that the way we are going is a path that makes the infidels happy, know that you are not bitter against the infidels. So you are not with the Messenger of God, you are not with the Prophet.”

Ayatollah Khanenei said, “We must be focused. We must know what we are doing and saying. The words we utter should not play into the enemy’s plan and complete its puzzle. This is dangerous.

“Care must be taken that this does not happen. If we are careful, the enemy cannot do a damn thing.”

Congress leader Rahul Gandhi meets Norwegian lawmakers in Oslo

Congress leader Rahul Gandhi called on Norwegian lawmakers including former Prime Minister Erna Solberg in Oslo

Published Date – 11:27 PM, Mon – 11 September 23


Congress leader Rahul Gandhi meets Norwegian lawmakers in Oslo

Congress leader Rahul Gandhi called on Norwegian lawmakers including former Prime Minister Erna Solberg in Oslo

Oslo: Congress leader Rahul Gandhi on Monday called on Norwegian lawmakers including former Prime Minister Erna Solberg in Oslo. The Congress MP is on a tour of Europe, organised by the Indian Overseas Congress.

Taking to social media platform, X, Congress wrote, “Shri @RahulGandhi had a fruitful meeting with Erna Solberg, an MP and former Prime Minister of Norway, and Sverre Myrli, an MP who is also a member of the Asia delegation and the Standing Committee on Business and Industry.” Earlier on Friday, Rahul addressed a press briefing at the Brussels Press Club in Belgium.

He said that the opposition’s bloc–Indian National Developmental Inclusive Alliance– understands India’s relations with Russia, and contended they would by and large agree with the country’s position on the ongoing war in Ukraine.

“I think the Opposition, by and large, would agree with India’s current position on the conflict (between Russia and Ukraine). We have a relationship with Russia. I don’t think the Opposition would have a different position than what the Government is currently proposing, Rahul Gandhi told reporters, when he was asked to respond to rising crude oil sales to India when the West has put sanctions on Russia. India has been buying Russian crude oil at discounts.

India on several occasions maintained that its oil imports will be determined by its national interest and keeping in mind its large consumer base.

Also, India’s position has been that Russia needs to pursue the path of dialogue and diplomacy for an early resolution of the conflict.