BUSINESS
IRDAI rejection raises more questions for Hinduja led IIHL on source of funds for RCAP acquisition
In a letter to IIHL, the Reliance Capital Administrator has asked the successful resolution applicant, IIHL to to share the final executed change in control application with the insurance companies, along with the source of funds and the business plan which do not contemplate the creation of pledge over the shares of RGIC and RNLIC, for onward submission to IRDAI.
Strained relations between Air India’s senior pilots & management: A deep dive into issues
Since Tata Sons took over Air India, the relationship between the airline's pilots and the new management has hit an all-time low. It is no secret that senior pilots have often struggled to find a sense of belonging within the organisations they serve, given the unique nature of their profession.
Market momentum with bulls: Possibility of moving up further likely
BSESENSEX gained 287.11 points or 0.44 per cent to close at 66,282.74 points while NIFTY gained 97.55 points or 0.50 per cent to close at 19,751.05 points. The broader markets saw BSE100, BSE200 and BSE500 gain 0.55 per cent, 0.56 per cent and 0.58 per cent respectively. BSEMIDCAP was up 0.71 per cent while BSESMALLCAP was up 0.86 per cent.
FPI sell figure at Rs 9,784 cr in Oct
According to NSDL data, FPIs sold equity for Rs 13,652 crore through the stock exchanges through October 13.
Festive Cheer: We're 2-4 weeks away from markets touching all-time high
This was seen during the Ukraine-Russia war and more recently last week during the Hamas-Israel conflict. Markets were hit just on Monday and then rebounded. This strong market performance can only be attributed to the strength that the underlying markets have and not to any other reason.
Mild recovery not enough; manufacturing needs to grow faster to create jobs
Official figures released on Thursday show a 9.3% growth in the manufacturing sector during August but this is compared to a low base of the previous year when output contracted.
India-Pak cricket clash: 250 biryanis ordered per minute on Swiggy
Swiggy saw 250 biryanis being ordered per minute since the match started.
Despite global headwinds, RBI goes ahead of IMF, pegs growth at 6.5%
Unveiling the bi-monthly monetary policy review, RBI Governor Shaktikanta Das said on October 6 that the domestic economy exhibits resilience on the back of strong demand.
BRICS expansion could end US dollar dominance in oil trade: US financial experts warn of dangers ahead
While there is no such currency as a Petrodollar, the US currency, the dollar or the greenback is the medium in which most global trade is conducted among nations around the world. The world buys oil from the Middle East in dollars and that's how the word petrodollar stuck for the earnings of the Arab countries from sale of crude and POL (Petroleum, Oil and Lubricants).
Sitharaman calls for private sector capital funding for SDGs
Addressing the CII Roundtable in Morocco on "Reviving Growth with Inclusivity: Galvanising Private Capital to support Governments, and Multilateral Institutions", Sitharaman said that private sector capital can go a long way in advancing the SDGs.
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