BUSINESS
Ather Energy, Ola Electric see lukewarm response from investors: Report
According to Nikkei Asia, industry executives view the lukewarm response to Ola and Ather's fundraising “as a warning sign despite the startups' rapid growth” while green mobility is considered a sunshine sector.
GST Council cedes right to levy tax on neutral alcohol to states
Addressing a press conference after the GST Council meeting, the Finance Minister explained that the Allahabad High Court had ruled that the states had no power to impose tax on ENA and this was solely in the domain of the GST Council and the Centre.
Air India unveils first look of A350 aircraft
“Here's the first look of the majestic A350 in our new livery at the paint shop in Toulouse. Our A350s start coming home this winter,” the flag carrier said in a post on X.
In first four days of October, FPIs sold stocks for Rs 9,412 cr
India continues to be on top of emerging economies in attracting FPI this year but September witnessed selling and October has begun with the same trend. In the first four days of October, FPIs have sold stocks for Rs 9,412 crore in the cash market, he added. FPIs have been selling in financials, power, IT and oil and gas.
Aviation Working Group ups India's score on global index after bankruptcy code tweak
The development comes in response to notification issued by the Central government, dated October 3, 2023, providing that the moratorium under the Insolvency and Bankruptcy Code, 2016 will not apply to aircraft, aircraft engines, airframes and helicopters governed by the Cape Town Convention.
TCS to consider buyback of shares on Oct 11
TCS shares were up .87 per cent in Friday’s trade at Rs 3,620 on BSE.
Indian direct-2-consumer market set to reach 3 bn shipments by 2027
This is a compound annual growth rate (CAGR) of around 40 per cent, which is more than three times that of the broader retail market and 1.6 times of the e-commerce market for the same period, according to a report by Redseer Strategy Consultants.
RBI to issue Master Direction to strengthen Internal Ombudsman mechanism in banks
“Based on the learnings from the implementation of the extant IO guidelines, it has been decided to harmonise the same and issue a consolidated Master Direction,” the RBI said on Friday.
RBI rolling out Card-on-File Tokens facility at bank level
“This measure will enhance convenience for cardholders to get tokens created and linked to their existing accounts with various ecommerce applications. Instructions in this regard will be issued separately,” the RBI said in a statement.
Bajaj Finance hits new 52-week high
Bajaj Finance hit a new 52 week high of Rs 8,107 on Friday. It is up 2.9 per cent at Rs 8,080.
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