BUSINESS

China has no laws that ban purchase or use of Apple iPhones: Ministry
IANS -
The Chinese Foreign Ministry said that there are “no laws, regulations or policy documents in China that prohibit the purchase or use of mobile phones of overseas brands, such as Apple”, according to state-run Global Times.
Bankrupt crypto exchange FTX allowed to sell crypto holdings worth $3.4 bn
IANS -
Judge John Dorsey in the US Bankruptcy Court for the District of Delaware approved the motion and overruled objections opposing the plan, reports Coindesk.
SpaceX's Starlink made $1.4 bn last year as it eyes India market
IANS -
This is up from $222 million in 2021 but $11 billion short of its original projections, according to the documents viewed by The Wall Street Journal.
Cash-starved Pakistan forced to 'temporarily' ground some of PIA planes
Newsmen Business Desk -
As a result, the national flag carrier had no choice but to ground five out of its 13 leased aircraft, with the potential of four more facing a similar fate, according to the ministry.
G20 outcome: Korean company REMEDI introduces affordable, handheld x-ray solution to India
IANS -
The company, known for its expertise in radiology solutions, has unveiled REMEX KA-6, a game-changing addition to the medical field.
India is best performing market in Sep
IANS -
This move to record highs breaching the psychological 20000 mark on the Nifty has been achieved with an impressive 4.3 per cent rise in Bank Nifty, he said.
Setback for Torrent as NCLT rejects its plea in the Reliance Capital resolution matter
IANS -
The NCLT will now hear the Reliance Capital resolution plan approval application of the administrator on September 26. In its plea, Torrent Investment had sought NCLT's directions to keep the Reliance Capital resolution plan approval in abeyance till the final orders are passed by the Supreme Court.
Consumers in US hit as inflation returns raising fuel, food & rental prices
IANS -
Consumer prices in the US rose by more than expected last month, driven by higher costs for rent and fuel, particularly, media reports said. The inflation rate, index of the pace of price rises, was 3.7 per cent over the 12 months to August, the Labor Department said adding up from 3.2 per cent in July. 
SEBI says it sees significant red flags in transactions between Zee and Essel entities
IANS -
The vile plan was to round trip Zee's own money back into the company through entities to pay back the debt of Essel entities, the SEBI counsel argued, adding that the transactions between Zee and Essel entities can't be genuine or a coincidence.
US poverty rate soared in 2022, kids worst hit
IANS -
The Supplemental Poverty Measure (SPM), which measures whether people have enough resources to cover their needs, increased 4.6 percentage points in 2022 from a year earlier, Xinhua news agency quoted the report released late Tuesday as saying.
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