BUSINESS
FM Sitharaman Hails PM Modi for Transforming Manufacturing Sector into 'Job Creation Powerhouse'
Going by the reports of the annual survey of industries 2022-23 published by the government, nationwide employment in the sector has risen laudably from 1.6 crores workers in 2018-19 to 1.9 crores in 2022-23, and it also reports the rise in the concentration of employment in factories as a whole; the number of workers per factory has gone up from 65 in 2018-19 to 71 in 2022-23.
SEBI Greenlights New Safe Asset Class Within Mutual Fund Framework
The markets regulator categorizes the new asset class as one that is destined to fill the gap between mutual funds and Portfolio Management Services in terms of flexibility in portfolio construction.
Sensex Rises as Positive Global Cues Boost Market Sentiment
Market trend remained positive. On the National Stock Exchange (NSE), 1560 shares were in the green and 733 shares in the red.
UPI Transactions Soar to 15.04 Billion in September, Total Value Reaches Rs 20.64 Lakh Crore
Average daily transaction amount stood at 501 million, up from 483 million in August; average daily transaction amount reached Rs 68,800 crore from Rs 66,475 crore in August.
Sensex Plummets by 1,272 Points, Investors Lose ₹4 Lakh Crore
However, the primary reason for the fall was banks as Nifty Bank index ended at 52,978, 856 points or 1.59% lower.
BharatPe Settles Rs 88 Crore Fund Misappropriation Case with Ashneer Grover
The company, in a statement to IANS, said as part of settlement, Grover will not be associated with BharatPe in any capacity nor be part of shareholding of the company.
Musician Ricky Kej Raises Concerns About Air India Services; Airline Promises Corrective Measures
In a series of posts on X on Sunday, Kej mentioned about his experience at the Delhi airport before he boarded an Air India flight to Bengaluru on September 14. The incident was related to payment for excess baggage.
Bull Run Persists; Underperforming Stocks Expected to Lead in Upcoming Quarters
There was sector rotation in the benchmark indices. Inflows are more into large-cap stocks than into mid and small caps, which have been the market favorites until recently.
Make in India is work in progress, we must become manufacturing nation, Says Amitabh Kant
Amitabh Kant spoke of the Make in India initiative. "It has been ten years into the initiative, but all this is still in the works," he claimed. "The country must progress toward becoming a manufacturing nation, at least bringing the manufacturing sector up to 25% of its GDP." He went on to discuss different sectors, their growth prospects, and the hurdles it holds.
FPIs Pump Over ₹1.71 Lakh Crore into India So Far This Year, IPOs See Significant Surge: Centre
Foreign portfolio investors infused Rs 48,822 crore into Indian equities this month, till September 26, as per NSDL data. They have only increased their inflows into the market, thanks to the recent cuts by the US Fed.
The great success of the IPO market in India also speaks about the economic strength of it. It is not just Indian companies that are now getting listed, but also multinationals firms like Hyundai and LG, according to a report by the Ministry of Information and Broadcasting.
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