BUSINESS
RBI fixes price for premature redemption of Sovereign Gold Bonds
The price is based on the simple average of closing gold price of 999 purity of previous three business days from the date of redemption as published by the India Bullion and Jewellers Association Ltd (IBJA).
India's metro rail network poised to surpass USA's to become world's 2nd largest: Puri
Addressing the inaugural session of 16th Urban Mobility India (UMI) Conference cum Expo 2023 here, the minister said that the pace of growth of metro network in the country has seen an unprecedented increase in recent years.
India's forex reserves decline by $2.36 billion in a week
In the preceding week the country’s forex reserves had increased by $1.15 billion, reversing a continuous decline over the previous five weeks.
Murthy's 70-hr-a-week work call to youth trigger sharp reactions from founders
During a podcast, Murthy had said that if India wants to compete with developed economies that have made remarkable progress in recent decades, youngsters should work for 70 hours a week.
Dr Reddy’s, Cipla log higher PAT for Q2 but with slight difference
In a regulatory filing, the Hyderabad-based Dr.Reddy’s Laboratories said for the quarter ended September 30, 2023, it had booked an operational revenue of Rs 4,838.7 crore (against Q2FY23's Rs 4,880.3 crore) and a net profit of Rs1,192.6 crore (Rs.1,116.3 crore).
Nifty snaps six-day losing streak
At close, Nifty was up 1.01 per cent or 190 points at 19,047.25, while the Sensex closed at 63,782.80, up 635 points or 1.01 per cent.
Sentiment in Bank Nifty remains predominantly bearish, say analysts
The index appeared somewhat oversold, leading to a pullback on Friday. However, the sentiment remains predominantly bearish, and any upward movements may still face selling pressure, he said.
Vodafone Idea to make significant investments to roll out 5G networks: Kumar Mangalam Birla
Vodafone Idea is yet to roll out 5G networks commercially while rivals like Reliance Jio, Bharti Airtel now have 5G coverage across most parts of the country, as per reports.
From Nov 1, bidders can purchase 200 MT wheat through open market
Also, the total quantity offered per e-auction across India has been increased to 3 lakh metric tonnes (LMT) from 2 LMT.
Retail crime leads to over $112 billion losses in US last year: Report
In its National Retail Security Survey, the National Retail Federation (NRF), which has designated October 26 as "Fight Retail Crime Day", said retail is the nation's largest private-sector employer, contributing $3.9 trillion to annual GDP and supporting one in four US jobs -- 52 million working Americans, reports Xinhua news agency.
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