business News

India must focus on public investment as economy recovers from pandemic, suggests IMF
world

India must focus on public investment as economy recovers from pandemic, suggests IMF

IMF's Fiscal Affairs Department Deputy Director Paolo Mauro advised that special attention must be given to green investment to ensure that recovery is inclusive and eco-friendly

EPFO likely to credit interest for 2020-21 in accounts of over six crore subscribers; rate still at 8.5%
india

EPFO likely to credit interest for 2020-21 in accounts of over six crore subscribers; rate still at 8.5%

The finance ministry is expected to give its seal of approval to the decision soon

Reliance Retail to launch 7-Eleven convenience stores in India
business

Reliance Retail to launch 7-Eleven convenience stores in India

The first 7-Eleven convenience store will open in Andheri East, Mumbai, on 9 October

COVID-19 lessons: Lower trade barriers, adopt digital procedures, ESCAP-ADB report recommends Asian nations
world

COVID-19 lessons: Lower trade barriers, adopt digital procedures, ESCAP-ADB report recommends Asian nations

The study underscores the need to strengthen supply chains as the COVID-19 pandemic laid bare the vulnerabilities of concentrated trade networks, limited inventories and financing shortages

IMF warns rapid growth and increasing adoption of crypto assets pose financial stability challenges
business

IMF warns rapid growth and increasing adoption of crypto assets pose financial stability challenges

The IMF in its report said that challenges posed by the crypto ecosystem include operational and financial integrity risks from crypto asset providers, investor protection risks for crypto-assets and DeFi

Market roundup: Sensex ends 360 points lower, Nifty at 17,532; today's top gainers and losers
business

Market roundup: Sensex ends 360 points lower, Nifty at 17,532; today's top gainers and losers

Sensex went down by 360.78 points to end at 58,765.58 while Nifty ended at 17,532.05 after a loss of 86.10 points.

Hotel aggregator OYO files for Rs 8,430 crore IPO
business

Hotel aggregator OYO files for Rs 8,430 crore IPO

The offering will consist of a fresh issue of shares of up to Rs 7,000 crore and an offer for sale of as much as Rs 1,430 crore, according to the draft red herring prospectus (DRHP) filed with SEBI

'Incorrect': Government after reports on Tata Sons winning Air India bid
india

'Incorrect': Government after reports on Tata Sons winning Air India bid

It was earlier reported that a panel of ministers has reportedly accepted Tata Sons' proposal to take over the debt-laden national carrier

India's fiscal deficit for April-August touches 31.1 percent of annual target, data shows
business

India's fiscal deficit for April-August touches 31.1 percent of annual target, data shows

For the current financial year, the government expects the deficit at 6.8 per cent of GDP or Rs 15,06,812 crore.

Market roundup: Sensex ends 286 points lower, Nifty at 17,618; check top gainers and losers
business

Market roundup: Sensex ends 286 points lower, Nifty at 17,618; check top gainers and losers

Talking about sectors, a mixed trend was witnessed with buying seen in the pharma, realty, PSU banking, and power indices. While selling was seen in the bank, metal, auto, and IT stocks.

Market roundup: Sensex ends 254 points lower, Nifty at 17,711; today's top gainers and losers
business

Market roundup: Sensex ends 254 points lower, Nifty at 17,711; today's top gainers and losers

The top gainers of BSE Sensex were NTPC, Powergrid, Sun Pharma, SBI, and Titan. The biggest losers were HDFC, Kotak Bank, Asian Paint, Ultracem Co, and Hindustan Unilever

Aditya Birla Sun Life AMC IPO opens for subscription today; all you need to know
business

Aditya Birla Sun Life AMC IPO opens for subscription today; all you need to know

Starting on Wednesday (29 September) Aditya Birla Sun Life AMC's initial public offering (IPO) of Rs 2,768 crore has been opened for subscription

China's foreign infrastructure push has saddled poor nations with $385 billion 'hidden debt', shows AidData research
world

China's foreign infrastructure push has saddled poor nations with $385 billion 'hidden debt', shows AidData research

A study by international development research lab AidData shows that that opaque deals with state banks and companies under China's Belt and Road Initiative has left dozens of lower income governments strapped with debt

SEBI to make sweeping changes to strengthen norms governing Related Party Transactions
business

SEBI to make sweeping changes to strengthen norms governing Related Party Transactions

Under the framework approved by Sebi, a related party should be any person or entity belonging to the promoter or promoter group of the listed entity.

Sebi board clears proposal for gold exchange, trading in electronic gold receipts
business

Sebi board clears proposal for gold exchange, trading in electronic gold receipts

The instruments representing gold will be called Electronic Gold Receipts (EGRs) and will be notified as securities, Sebi Chairman Ajay Tyagi said at a press conference after the board meeting.

Data privacy should not be compromised in using fintech, says finance minister Nirmala Sitharaman
business

Data privacy should not be compromised in using fintech, says finance minister Nirmala Sitharaman

Addressing the fintech industry, the minister said the value of digital transactions jumped to Rs 6 lakh crore in January-August 2021 from Rs 4 lakh crore and Rs 2 lakh crore in 2020 and 2019

Market roundup: Sensex ends 410 points lower, Nifty at 17,748; check top gainers and losers
business

Market roundup: Sensex ends 410 points lower, Nifty at 17,748; check top gainers and losers

Talking about sectors, the realty and IT indices saw a decrease of 2-3 percent while metal, oil & gas, and power indices ended in the green.

Employment in nine sectors, including health at 3.05 crore in April-June quarter, says labour survey
business

Employment in nine sectors, including health at 3.05 crore in April-June quarter, says labour survey

The nine selected sectors are manufacturing, construction, trade, transport, education, health, accommodation and restaurant, IT/ BPO and financial services

World Tourism Day: Restoring travel and tourism key to jumpstarting global economic recovery from COVID-19 crisis
world

World Tourism Day: Restoring travel and tourism key to jumpstarting global economic recovery from COVID-19 crisis

World Tourism Day is celebrated on September 27 every year since 1980 and UNWTO promotes responsible, sustainable, and universally accessible tourism, stimulating economic growth

Market roundup: Sensex ends 29 points higher, Nifty at 17,855; check top gainers and losers here
business

Market roundup: Sensex ends 29 points higher, Nifty at 17,855; check top gainers and losers here

Realty and auto indices witnessed an increase of 2.5-3 percent while the IT index went down by around three percent