Zee-Invesco Saga Continues, Rbi Monetary Policy On Friday And More

The Reserve Bank of India may ndo not increase the reverse repurchase rate yet, but give enough indication that it is considering doing so. The National Company Law Appeals Tribunal (NCLAT) overturned an order of the National Company Law Tribunal (NCLT) that requested Zee Entertainment Enterprises to file a response within two days to the continuation request. shareholder. India continues to struggle with a power crisis, as do Europe and China. For all those stories and everything, here’s some news of the day

ECONOMY

A reverse repo increase may be needed, but RBI can stick to a hint

The Reserve Bank of India can signal that normalcy is returning by appropriately changing the words “continue to take an accommodating stance for as long as necessary to revive and sustain growth on a sustainable basis.” It can ndo not increase the reverse repurchase rate yet, but give enough indication that it is considering doing so. Read more

Affordable Housing Loan Defaults Rise After Pandemic To 7.2%: ICRA

The 30-plus day delay for some affordable housing finance companies has dropped to 7.2% as of June 30, 2021, indicating that all is not as good as it looks. It is higher than the estimates of 3.2% as of March 31, 2021. Read more

Vehicle registrations drop 5%, two-wheelers remain a spoiler, according to FADA

Total vehicle sales fell more than 5% in September compared to September 2019 (a regular pre-COVID month), while overall retail sales fell more than 13%, the organization said Thursday. FADA car dealerships. Read more

MARKETS

NCLAT Cancels NCLT Order Requiring Zee to Respond Within 2 Days to Invesco’s EGM Request

In a setback for Invesco, the National Company Law Appeals Tribunal (NCLAT) on Thursday overturned an order from the National Company Law Tribunal (NCLT) that asked Zee Entertainment Enterprises Limited (ZEEL) to file a response in the two days at the request of the shareholder to hold an Extraordinary General Meeting (EGM). Continue reading

Navratri Effect: Jewelry Inventories Rise As Titan And Kalyan Kick Off Holiday Season With Strong Second Quarter Performance

Jewelry stocks were buzzing in the trade as the 42-day holiday season began with Navratri on Thursday, October 7. Investors were basing their hopes on the holiday season as Titan posted a strong, widespread recovery in demand after the second wave of COVID-19 infections. Dig deeper

Titan becomes second Tata group company to enter Rs 2 lakh crore mcap club

Titan Company became the second company in the Tata group to achieve a market capitalization of Rs two lakh crore after Tata Consultancy Services (TCS), the country’s largest IT services provider. Dig deeper

WORLD

U.S. jobless claims drop to 326,000, first drop in four weeks

The number of Americans claiming unemployment benefits fell last week, another sign that the U.S. labor market and economy are continuing their steady recovery after last year’s coronavirus recession. Continue reading

WHO approves malaria vaccine

The World Health Organization (WHO) said on Wednesday that the only approved malaria vaccine should be widely administered to African children, potentially marking a major breakthrough against a disease that kills hundreds of thousands of people each year. Continue reading

Extremely dangerous situation in South Asia due to the takeover of Afghanistan by the Taliban (former US NSA)

The withdrawal of US troops from Afghanistan, resulting in the takeover of the country by the Pakistan-backed Taliban, has created an extremely dangerous situation in South Asia, a former national security adviser has told lawmakers. Continue reading

INDIA

Mumbai cruise drug case: Aryan Khan, seven other remanded

A Mumbai court on Thursday sent Aryan Khan, the son of Bollywood actor Shah Rukh Khan, and seven other people into 14-day judicial detention in connection with the alleged seizure of banned drugs on a cruise ship off the coast of the Mumbai coast. Continue reading

India’s energy crisis: government to revise standards for coal stocks; fuel rates hit record highs

India continues to struggle with a power crisis, as do Europe and China. Electricity production in the country fell 0.7 percent in September, not to mention improving economic activity. Continue reading

Violence in Lakhimpur Kheri: who is Ajay Mishra, Union Minister in the eye of the storm?

Violence in the Lakhimpur Kheri district of Uttar Pradesh has snowballed into a political storm. On October 3, a car belonging to Ashish Misra, son of Union Minister of State Ajay Mishra, ran over farmers who were peacefully protesting against the three controversial farm laws, killing four of them, a journalist and three others. Continue reading

You and me

Mukesh Ambani retains top spot on Forbes India Rich List 2021

Reliance Industries chief Mukesh Ambani has become the richest Indian for the 14th consecutive year, with his net worth reaching $ 92.7 billion, according to Forbes magazine’s list of the 100 richest Indians. Read more

Key points to consider before investing in a fund of funds

Investing in a mutual fund is a bit like booking an electrician to troubleshoot and fix electrical malfunctions. Of course, people often do this on their own, however, the only difference is that when an expert deals with the problem, it not only becomes easier but also much safer. But if you are doing it yourself, you might want to read this.

(Edited by : Yashi Gupta, Aditi Gautam)

First publication: STI


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