Economy news

• Japanese startup backed by Football player launches Rs 5 crore ($6,80,000) flying motorcycle

  27-10-2021 05:37 via zeenews.india.com
  
  The "XTurismo Limited Edition" from Tokyo-based drone startup A.L.I. Technologies is equipped with a conventional engine and four battery-powered motors and promise to fly for 40 minutes at up to 100 kph (62 mph).
  
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• Swiggy targets $11.3 billion valuation with upcoming IPO launch on November 6; know all about it

  05-11-2024 13:34 via timesofindia.indiatimes.com
  
  Swiggy, the food delivery and quick-commerce company, is gearing up for its IPO, aiming for a valuation of $11.3 billion. The IPO will open for subscription from November 6 to 8, with a price band of Rs 371-390 per share. The company plans to utilize the proceeds for debt repayment, expansion of its quick commerce network, and technology enhancement.
  
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• Stock Markets Rebound On Value Buying In Banking, Steel Shares; Sensex Jumps 694 Points

  05-11-2024 12:28 via zeenews.india.com
  
  Bouncing back from Monday's sharp fall, the BSE Sensex jumped 694.39 points or 0.88 per cent to settle at 79,476.63. During the day, it soared 740.89 points or 0.94 per cent to 79,523.13.
  
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• Chhath Puja Travel: Delhi-Patna Airfare May Cost As Much As Dubai Flight

  05-11-2024 12:23 via zeenews.india.com
  
  While, on one hand unprecedented rush of passengers has made train journey extremely difficult, going home by flight during Chhath is proving to be an exorbitantly expensive affair. 
  
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• Know Sharda Sinha’s Net Worth, Education And Other Details

  05-11-2024 11:08 via zeenews.india.com
  
  Padma Bhushan awardee Sharda Sinha, Born on October 1, 1952, in Bihar's Hulas district, is known for her folk songs in Bhojpuri and Maithili.
  
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• Chhath puja 2024 bank holidays: Banks closed up to 4 days in some states from November 7 to 10 - check list

  05-11-2024 10:15 via timesofindia.indiatimes.com
  
  Chhath puja 2024 bank holidays: Multiple states in India will observe bank holidays for Chhath Puja celebrations from November 7-10, 2024. November will see numerous bank holidays due to various festivals including Diwali Amavasya, Guru Nanak Jayanti, and Kannada Rajyothsava, as per the RBI.
  
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• Govt Takes Big Steps To Control Prices Of Rice, Wheat; Launches Phase 2 Of Subsidised Bharat Atta, Rice

  05-11-2024 09:42 via zeenews.india.com
  
  As part of the government’s policy to keep inflation under control, Bharat Atta is being made available to consumers at MRP of Rs 30 per kg and Bharat Rice at MRP of Rs 34 per kg.
  
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• Boost for Indian Army firepower! Bharat Forge, Tata likely to bag Rs 7,000 crore deal for DRDO-made advanced towed artillery gun systems

  05-11-2024 09:00 via timesofindia.indiatimes.com
  
  Bharat Forge has emerged as the lowest bidder for a Rs 7,000 crore contract to supply the Indian Army with advanced towed artillery gun systems (ATAGS). The contract will likely be split between Bharat Forge and Tata Advanced Systems Ltd.
  
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• Make Contributions To NPS Account Through PhonePe App --Check Steps

  05-11-2024 08:13 via zeenews.india.com
  
  National Pension System: Previously, users could only make contributions towards their NPS accounts through the websites of PFRDA, NSDL, CAMs, KFintech and Banks. 
  
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• Big crackdown on unauthorised use of PAN card details! Here’s what the government is doing

  05-11-2024 08:00 via timesofindia.indiatimes.com
  
  Big crackdown on PAN details unauthorised use! The government is taking action against tech companies using citizen's data in an unauthorised way.Many companies were using PAN numbers to access personal information like addresses and phone numbers.
  
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• Chhath Puja 2024 Bank Holiday: Check Dates, List Of Cities Where Branches Are Closed

  05-11-2024 07:54 via zeenews.india.com
  
  Bank branches in several states will be closed for 4 straight days owing to regional festivities and RBI holiday list.  
  
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• Is the gold bull run nearing its end? Why you shouldn’t go overboard in buying gold for investment

  05-11-2024 06:58 via timesofindia.indiatimes.com
  
  Gold has outshined the Nifty 50 index, but financial experts advise against chasing its gains. They predict a potential slowdown in gold's growth and recommend a balanced portfolio instead of increasing gold allocations.
  
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• Latest ICICI Credit Card Rules 2024: THESE Changes Will Kick In From November 15

  05-11-2024 05:28 via zeenews.india.com
  
  Check out new rules that will be applicable from November 15 for ICICI Credit Card holders.
  
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• Himachal CM Urges Railways To Convert Kalka-Shimla Line To Green Energy-Powered Route

  05-11-2024 05:02 via zeenews.india.com
  
  Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Monday urged the Ministry of Railways to explore the possibility of running trains on the Kalka-Shimla railway, a UNESCO World Heritage site, on green hydrogen.
  
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• Stock market today: BSE Sensex flat in opening trade; Nifty50 near 24,000

  05-11-2024 04:50 via timesofindia.indiatimes.com
  
  Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red in trade on Tuesday after Monday’s’ crash. While BSE Sensex dipped over 200 points, Nifty50 was shy of 24,000.
  
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• Stock market today: BSE Sensex ends 694 points up; Nifty closes above 24,200

  05-11-2024 04:50 via timesofindia.indiatimes.com
  
  Stock market today: The NSE Nifty 50 climbed 0.91% to 24,213.3, and BSE Sensex increased 0.88% to 79,476.63. Both indices initially declined 0.6% during trading but recovered in the final two hours of the session.
  
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• New Family Pension Rules: Govt Clarifies On Deletion Of Daughter's Name In List Of Family Pension Members

  05-11-2024 04:45 via zeenews.india.com
  
  After the demise of the government servant pensioner/family pensioner, who among children have the first right to pension?
  
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• Western Railway Runs 104 Special Trains From Udhna In Surat To Cater To Passenger Rush For Chhath

  05-11-2024 04:44 via zeenews.india.com
  
  Special Trains: Western Railway ran 104 special trains from Udhna junction to cater to the huge rush of passengers going to Uttar Pradesh and other states for Chhath celebrations from Gujarat's Surat district, an official said on Monday.
  
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• Sebi asks Embassy to suspend its CEO over Coffee Day ban

  05-11-2024 04:36 via timesofindia.indiatimes.com
  
  The Securities and Exchange Board of India (SEBI) has ordered Embassy Office Parks Management Services to suspend its CEO, Aravind Maiya, due to his previous involvement in a financial scandal at Coffee Day Enterprises. SEBI's decision stems from an order by the National Financial Reporting Authority (NFRA) that barred Maiya from auditing for his role in the Coffee Day scandal.
  
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• More pain in store as FMCG prices inch up

  05-11-2024 04:30 via timesofindia.indiatimes.com
  
  FMCG companies in India are raising prices due to increased commodity costs, putting pressure on middle-class budgets already strained by festive spending. While this boosts company profits, it slows volume growth as urban consumers cut back and rural spending doesn't fully compensate. Companies anticipate further price hikes as they monitor inflation and consumer demand.
  
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• Rising defaults in small loans signal pain for Indian stocks, economy

  05-11-2024 04:17 via timesofindia.indiatimes.com
  
  Retail-loan defaults are increasing in India. This is impacting the stock market. Analysts are concerned about the impact on the economy. Lenders are reporting stress in unsecured loans. Personal loan growth is slowing down. The Reserve Bank of India had tightened lending norms.Demand for big-ticket items is also slowing down.
  
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• US election uncertainty pulls down sensex by 942 points

  05-11-2024 04:16 via timesofindia.indiatimes.com
  
  Indian stock markets tumbled on Monday, with the Sensex and Nifty experiencing their lowest close in three months.This decline was fueled by global uncertainties surrounding the US election and weak corporate earnings. Foreign investors continued selling off Indian stocks, raising concerns about the impact of the US fiscal deficit on global markets.
  
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• Sebi warns investors about stock ‘games’, virtual trades

  05-11-2024 04:03 via timesofindia.indiatimes.com
  
  India's market regulator, SEBI, issued a warning to investors about unauthorized entities offering virtual trading services and fantasy games based on stock prices. These platforms violate SEBI's regulations and pose a risk to investors, as they are not registered. SEBI urged the public to invest and trade only through authorized intermediaries to avoid potential losses.
  
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• Record foreign exodus casts a pall over India’s stock market

  05-11-2024 03:39 via timesofindia.indiatimes.com
  
  India's stock market is experiencing a decline as foreign investors withdraw record funds due to concerns about the slowing post-pandemic economic boom. Despite domestic investments preventing a larger downturn, waning consumer spending and high valuations are causing anxieties. Although the market shows potential for growth, experts predict further adjustments as the economic slowdown's impact becomes clearer.
  
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• Trade Worth Rs 12,000 Crore Expected During Four-Day Chhath Festival: CAIT

  04-11-2024 19:14 via zeenews.india.com
  
  Chhath Puja: Traditional attire, including sarees, lehenga-chunni, salwar-kurta for women, and kurta-pajama, dhoti for men, are being purchased in large quantities, benefiting local traders and small-scale industries. 
  
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• FM Nirmala Sitharaman Apprised About Review Of Income Tax Act 1961 By Top Officials

  04-11-2024 19:01 via zeenews.india.com
  
  The Revenue Secretary informed the Union Finance Minister that 22 specialised sub-committees have been established to review the various aspects of the Income Tax Act. 
  
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• Dehaat reports 36% rise in FY24 revenue to Rs 2,720 crore

  04-11-2024 18:08 via timesofindia.indiatimes.com
  
  Dehaat, India's highest-valued agritech startup, saw a 36% revenue surge to Rs 2,720 crore in FY24, driven by strong growth in agri-input and output sales. Despite reduced cash losses, the company posted a net loss of Rs 1,133.15 crore.Dehaat aims for 40% revenue growth in FY25 and profitability by Q4 FY25.
  
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• Over 98 Per Cent Of Rs 2000 Notes Have Been Returned: RBI

  04-11-2024 16:22 via zeenews.india.com
  
  2,000 Rupee Note Exchange: The facility for the exchange of the Rs 2000 banknotes is available at the 19 Issue Offices of the Reserve Bank since May 19, 2023. 
  
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• Chhath Puja: RAC Train Ticket Turns Waitlisted On Chart Preparation; Indian Railways Reacts

  04-11-2024 14:30 via zeenews.india.com
  
  The Indian Railways is running over 7,000 special trains to cater to the demands amid Chhath festivity.
  
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• Top 5 Bank Fixed Deposits: Which are the best FDs for 1, 2, 3 and 5-year time period? Check list

  04-11-2024 14:00 via timesofindia.indiatimes.com
  
  Bank Fixed Deposits (FDs) are offering attractive interest rates, making it a favorable time for investors to lock in high returns before potential rate cuts by the Reserve Bank of India (RBI). The ET Intelligence Group has identified the top-performing bank FDs across various tenures, providing investors with insights to maximize their returns in a potentially declining interest rate environment.
  
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