BUSINESS
IL&FS Group discharges aggregate debt of Rs 35,650 Cr across group companies
The Group has also completed an aggregate payment of approximately Rs 10,000 crore by way of interim distribution across 14 companies -- including two vertical holding companies (ITNL and IFIN) and the Group holding company (IL&FS Limited).
India now 2nd-biggest manufacturing hub for mobile phones globally
India is expected to export about 22 per cent of its total assembled mobile phones in 2023, according to Counterpoint Research.
Major negative for market is sustained FII selling
There are mixed cues for the October series, which historically has been a good month for markets.
After 13 days strike, onion auctions resume in Nashik wholesale markets
As news of the strike withdrawal spread, nearly a hundred trucks laden with onions started queuing up at various APMCs since dawn to participate in the auctions, including at Lasalgaon, Asia's biggest onion marketyard.
Pakistan inflation spikes to 31.4% amid high fuel, energy prices
The South Asian nation faces an uphill task when it comes to economic recovery under a caretaker government following the approval of a $3 billion loan by the International Monetary Fund in July.
US stock market shows mixed response over what Fed Chairman Powell may unveil in monetary policy
With inflation returning at 3.7 per cent, there were expectations that the Fed may raise interest rates, but the Fed chairman is holding back as he feels it is a temporary phenomenon.
Air India's San Francisco flight, once diverted to Russia's Magadan, cancelled due to operational issues
"This is to inform you about your flight AI-173 (DEL- SFO) flight has been cancelled due to operational reasons dated on Oct 3," read the message sent from Air India to one of the passengers.
China’s economy could be regaining momentum after major slowdown
China’s official manufacturing purchasing managers’ index (PMI) rose to 50.2 from 49.7 in August, the first time it has indicated expansion since March, according to the National Bureau of Statistics, CNN reported.
India's unemployment rate falls to 12-month low in Sep
The overall unemployment rate declined to 7.09 per cent in September down from 8.10 per cent in August. The figures mark a reversal as the unemployment rate in August had shot up in August from 7.9 per cent in July.
US pharma giant Viatris inks 2 deals to sell India business for $1.2 bn
The United States-headquartered global healthcare company has centres in Pittsburgh, Shanghai, and Hyderabad.
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