BUSINESS
SpiceJet pays $1.5 mn to Credit Suisse after SC warning
"SpiceJet Ltd. has complied with the directive of the Supreme Court by remitting $1.5 million to Credit Suisse. The payment was executed on Thursday," said an airline spokesperson.
Domestic air passengers traffic volume surged to 30.55%: DGCA
This impressive growth represents an annual increase of 30.55 per cent and a noteworthy monthly growth rate of 22.81 per cent. According to data released by the Directorate General of Civil Aviation (DGCA), during August, a total of 288 passenger related complaints had been received by the scheduled domestic airlines.
'Can PM Modi propel India into top tier of semiconductor manufacturing', writes NYT
India has no history of fabbing chips and virtually none of the hyperspecialised engineers and equipment needed to launch such an initiative.
Hackers rob $53mn worth of crypto from CoinEx
The incident occurred on September 12, and preliminary assessment indicated that the unauthorised transactions involved Ethereum ($ETH), Tron ($TRON), and Polygon ($MATIC) cryptocurrency.
ECB raises interest rates to highest level since launch of euro in 1999
It marks the 10th consecutive rate rise for the bank, as the ECB warned inflation remained too high even as the impact of previous increases and a weakening outlook for global trade weigh on the eurozone economy, The Guardian reported.
Nifty fluctuates after reaching record highs in early trade
Broader market outperformed with Nifty Mid-cap 100 and Small- cap 100 up 1 per cent. Majority of the sectors ended in green with buying seen in PSU bank, realty, auto, and metal stocks.
WPI to enter positive zone next month from negative in August
The central government on Thursday said the annual rate of inflation based on all India WPI number is (-) 0.52 per cent (Provisional) for the month of August, 2023 (over August, 2022) against (-) 1.36 per cent recorded in July, 2023.
Indian Mutual Fund Industry midway to the target of Rs 100 lakh crore AUM
According to ICRA, the AUM of the Indian mutual fund industry grew by nearly 19 per cent to touch Rs 46.63 lakh crore as on August 31, up from Rs. 39.33 lakh crore as on August 31, 2022.
Concern on valuations, higher oil prices to keep markets in consolidation phase
Concern over valuations and inflation trajectory due to increasing oil prices may navigate the market into a consolidation phase in the near-term, he added
Global non-cash transactions to hit 1.3 trillion, UPI usage at record high in India
By 2027, non-cash transaction volumes are expected to reach about 2.3 trillion, doubling since 2022, according to the ‘2023 World Payments Report’ by Capgemini Research Institute.
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