BUSINESS
20% allocation in gold ETF a better investment strategy: Quantum AMC
In a statement issued on Monday, Quantum AMC said the correction in the gold prices from the peak has made the metal affordable this festive season. "To make the most of the correction, we recommend investing in efficient products such as gold ETFs (exchange traded funds) to maximize the benefits," Quantum AMC said.
Supreme Court dismisses Kerala's plea against handing over operation of Thiruvananthapuram Airport to Adani
A bench comprising Chief Justice U.U. Lalit and justice Bela M. Trivedi said there is no need to interfere with the High Court decision at this stage, since a private entity has been managing the operations of the airport since October last year.
Australia's economic outlook to be downgraded: Treasurer
Ahead of delivering his first federal budget on Oct. 25, Chalmers said the global economy is on an "increasingly perilous path", reports Xinhua news agency. After returning from meeting with the International Monetary Fund (IMF) and G20 counterparts in Washington D.C., the Treasurer said Australia would not escape the downturn.
Prime Minister releases 12th instalment of Rs 16,000 crore under Kisan Samman Nidhi
Narendra Modi also inaugurated 600 Kisan Samridhi Kendras and One Nation One Fertiliser Scheme during the Kisan Sammelan which opened in the national capital. Modi said on the occasion that more than Rs 2 lakh crore has been transferred to farmers' accounts and it has helped them in managing the input cost.
11K flats will be ready for possession for Amrapali homebuyers by Dec, 2K flats by Diwali
According to a source in the NBCC, 1,000 flats are ready for possession in Amrapali Leisure Park; 500-600 flats are ready for possession in Amrapali Golf Homes; and 200-300 flats are ready for possession in Centurian Park Terrace Homes.
India Incorporate hails Government's policy initiatives after meeting with Finance Ministry in Washington
After meeting Finance Minister Nirmala Sitharaman in Washington on Saturday, representatives of several Indian companies said that many countries aim to learn from initiatives like UPI and RuPay. C.T. Lakshmanan, President of Tech Mahindra Americas, said that the discussions with Sitharaman were 'amazing'.
PM says dedicated banking units to strengthen financial inclusion
"DBU is a big step in the direction of Ease of Living for the common citizens", he said. The Prime Minister informed that in such a banking setup, the government aims to provide maximum services with minimum infrastructure, and all of this will happen digitally without involving any paperwork.
Markets seem uncertain with festive period a week ahead
With sharp gains registered on Wednesday and Friday, markets just about managed to survive and at the end of the week closed with small losses. SESENSEX lost 271.32 points or 0.47 per cent to close at 57,919.97 points while NIFTY lost 128.95 points or 0.74 per cent to close at 17,185.70 points. The broader indices saw BSE100, BSE200 and BSE500 lose 1.05 per cent, 1.33 per cent and 1.45 per cent respectively. BSEMIDCAP was down 2.66 per cent while BSESMALLCAP lost 2.26 per cent.
Musk says he will keep funding Ukraine Starlink Internet
On the microblogging site Twitter, Musk wrote that "the hell with it... Even though Starlink is still losing money and other companies are getting billions of taxpayer $, we'll just keep funding Ukraine govt for free". According to the BBC, Starlink has been vital for Ukraine's military and people to stay online. Ukraine says it helped to reboot key infrastructure after Russian attacks.
See Rupee slide as a case of Dollar strengthening, says Finance Minister
Addressing a press conference in Washington on Friday, Sitharaman said that rupee has withstood dollar's rise and has performed better than those of many emerging market currencies. "I won't see this as rupee sliding but as dollar strengthening. It is a matter of fact that the rupee has withstood the rise of dollar. But it has performed better than many other emerging market currencies," she said.
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