RBI rate decision, global trends to drive markets this week: Analysts

The domestic stock market may face volatility amid the monthly derivatives expiry scheduled this week. Investors would mainly await the outcome of RBI's interest rate decision on Friday. The RBI may take cues from its global counterparts to raise interest rate.
#RBI #News #Business #Markets

5 hours ago

Emergency declared in Florida as Tropical Storm Ian strengthens

A hurricane warning was in effect for the island, and hurricane watches were issued for western Cuba. The governor's declaration frees up emergency protective funding and activates members of the Florida National Guard, his office said.
#BusinessStandardNews #Florida #News #Science #Enviornment

12 hours ago

UPI Lite: A payment method that allows you to pay without PIN or internet

Users will have to add funds from their bank accounts to the UPI Lite wallet. The upper limit for payments has been set at Rs 200. Users will not need a PIN to make small-value payments.
#BusinessStandardNews #News #Technology #Internet


Flipkart's Big Billion Days sale goes live: Everything you need to know

Flipkart's big Billion Days sale is now live. Customers can also buy stationery and furniture at cheaper prices. Iphone 13 can be bought at Rs 1,09,900.
#Flipkart #News #Technology #Mobile

2 days ago

Gautam Adani and his fortune drivers deserve keener spotlight, scrutiny

In the prime minister’s eight years in power, the first-generation entrepreneur from his home state of Gujarat came out of relative obscurity and eclipsed Jeff Bezos of Amazon.cOm Inc. No other Asian businessman has ever risen this high.
#GautamAdani #BusinessStandardNews #News #Business #Economy

2 days ago

Yield spread points to the muted market returns, says BNP Paribas

The gap between domestic and earnings yield signals plateauing of market gains, brokerage says. A wide spread between the two tilts the risk-reward in favour of debt investments. India’s valuation premium to its Asian peers remains near an all-time high.
#BNPParibas #Asian #India #News #Business #Markets

3 days ago

Govt proposes to bring internet calling apps under telecom licence

Draft bill includes OTT as part of the telecommunication service. The government has proposed a provision to waive fees and penalty of telecom and internet service providers.
#BusinessStandardNews #News #Technology #Internet

3 days ago

RBI cancels licence of Solapur-based Laxmi Co-operative Bank

More than 99 per cent of depositors are entitled to receive full amount of their deposits from Deposit Insurance and Credit Guarantee Corporation. DICGC has already paid Rs 193.68 crore of the total insured deposits.
#DepositInsuranceandCreditGuaranteeCorporation #Solapur #News #Business #Economy

3 days ago

Turkish lira hits record low against dollar before central bank meeting

The lira traded at a low of 18.38 against the dollar before a central bank meeting on interest rates on Thursday. The currency kept hitting record lows as the central bank lowered interest rates from 19 per cent.
#BusinessStandardNews #Turkish #News #Business #Economy

3 days ago

Bitcoin touches lowest level since December 2020 after Fed's 75 bps hike

In the last 24 hours, the price of has fallen nearly 2 per cent. The total crypto market cap is now nearing $900 billion. It was over $1 trillion on September 15.
#Fed #News #Business #Markets

3 days ago

Swiss National Bank ends Europe's sub-zero rate era with 75 bps hike

The hike by officials led by. Thomas Jordan takes Switzerland’s policy rate to 0.5%. The decision ends Europe’s decade-long experiment with negative borrowing costs.
#ThomasJordan #SwissNationalBank #Europe #News #Business #Economy

3 days ago

Have the Indian stock markets rallied too fast, too soon?

Business standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger.
#BusinessStandardNews #Indian #News #Business #Markets

3 days ago

Banking system liquidity may remain in deficit in second half: Analysts

The country's slipped into deficit on Tuesday for the first time in over three years. A widening liquidity deficit could lead to a rise in short-term borrowing rates and prompt the Reserve Bank of India to pump in money into the banking system through repo auctions.
#ReserveBankofIndia #News #Business #Economy

3 days ago

Meesho announces 11-day reset-and-recharge break for staff mental wellness

SoftBank-backed internet commerce firm has come up with an 11-day companywide break from October 22 to November 1. The move is a reflection of Meesho’s continued commitment to building a people-centric workplace.
#Meesho #SoftB #News #Health #MentalHealth

3 days ago

Liquidity slides into deficit for first time in over 3 years: RBI data

Liquidity in the economy has slipped into a deficit mode for the first time in over three years. The Reserve Bank of India has always strived hard to provide up-to-date information. Your encouragement and constant feedback on how to improve our offering have only made our commitment to these ideals stronger.
#RBI #News #Business #Economy

4 days ago

EPFO moving towards automation; set to rationalise workforce for efficiency

The statutory body has issued a request for proposal to undertake a work study by one of the top 20 national institutions in the category of management. The report needs to be submitted in six months’ time once the study commences on November 1.sAid it is moving more from forceful compliance to voluntary compliance.
#EPFO #News #Health #Healthcare

4 days ago

Monthly inflows in mutual fund SIP at over Rs 12k cr during May-Aug: Amfi

Inflows through the route have reached an all-time high of Rs 12,693 crore in the month of august. It was at Rs 12,140 crore in July and Rs 12,276 crore in June. This came after an inflow of over Rs 1.24 lakh crore in 2021-22.
#Amfi #News #Business #Markets

4 days ago

Cabinet approves changes in PLI scheme for semiconductor manufacturing

A uniform fiscal support of 50 per cent of project cost will be provided across all technology nodes for setting up of fabs. The modified programme will expedite investments in semiconductor and display in India, it added.
#BusinessStandardNews #India #News #Business #Economy

4 days ago

Zepto's Kaivalya Vohra: Youngest Indian with net worth above Rs 1,000 crore

Kaivalya Vohra, the founder of quick grocery delivery app Zepto, emerged as the youngest Indian to have a net worth of over Rs 1,000 crore in a survey. He stood at the 1,036th spot in the Wealth Hurun India 2022.
#KaivalyaVohra #Zepto #Indian #News #Business #Economy

4 days ago

Dollar hits two-decade high as Putin rattles markets before Fed rate hike

The euro fell to a two-week low of $0.9885, within sight of two-decade lows hit earlier this month. It was last down 0.6% at $0.9912.STerling, which was down 0.4%, fell to another 37-year low of $1.1304 even before Putin started speaking. If the Fed is also hawkish tonight then you could see the losses snowball.
#Putin #Fed #News #Business #Markets

4 days ago