BUSINESS
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.
RBI-MPC’s decision on repo rate may be unanimous but not on the stance: Economists
The six-member MPC will meet from Wednesday to Friday.
CAD, rupee under pressure as oil price surge spills into Oct-Dec quarter
The country imports close to 85 per cent of its crude oil requirement and any increase in global prices causes the import bill to shoot up. Since large payments have to be made in dollars to buy crude, the rupee takes a hit vis-a-vis the American currency.
Global economy taking a turn for worse, caution ahead: Zoho’s Sridhar Vembu
In a post on X (formerly Twitter), Vembu said that Zoho has seen a slow down in growth across geographies in September.
Sectors with the highest 1-year dividend yield
Companies with the highest dividend yield in this sector are Vedanta, Hindustan Zinc and National Aluminium Company with 30.7 per cent, 19.8 per cent and 4.8 per cent, respectively.
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