BUSINESS
Nifty ended its five-month winning streak in August
The index oscillated 572 points before closing 500 points (or 2.5 per cent MoM) lower at 19,254. The Nifty is up 6.3 per cent in CY23YTD.
6 Indian companies enter top 10 digital media players’ list in FY23
These six Indian companies are Dream Sports, Gameskraft, Games24x7, Verse Innovations, Junglee Games and Times Internet, according to market research firm Redseer Strategy Consultants.
Govt may cut petrol, diesel price by Rs 3-5 a litre around Diwali
Last week, the government cut the price of the domestic 14.2kg LPG cylinder by Rs 200/LPG cylinder for all 330 million consumers w.e.f. August 30.
Lina Khan-led FTC likely to file massive lawsuit against Amazon this month
The lawsuit will touch upon various aspects of Amazon’s business, while also suggesting “structural remedies” that could potentially break up the tech giant, reports the Wall Street Journal, citing sources.
Pakistani rupee picks up crash mode against USD, touching record low
The State Bank of Pakistan said the greenback traded at 307.10 PKR in the interbank market on Tuesday, reports Xinhua news agency.
Online sales of beauty products in India grew by more than 13% in 1H 2023
The average order value of online sales of beauty products in India has increased by a few percent and is now around 15 USD. Local customers prefer to make smaller orders and actively take advantage of discount periods and bundles.
G20 Summit: Air India offers passangers one-time waiver due to travel restrictions
"There will be travel restrictions in Delhi between 7th and 11th September 2023. As a measure of goodwill, passengers holding confirmed ticket to fly to or from Delhi on these dates are being offered a one-time waiver of applicable charges, if they wish to change their date of travel or their flight. Only the fare difference for the rescheduled flight, if any, would be applicable," Air India said on 'X' (formerly Twitter).
Oil jumps above $90 as Saudi Arabia extends production cuts
Russia extended its voluntary decision to curb crude exports by 300,000 bpd until December 2023, acting in concert with Saudi Arabia, with the alleged aim of maintaining stability and balance in the oil markets.
INDIA bloc Campaign Committee holds first meeting to chalk out strategy
In a tweet, Congress leader Gurdeep Singh Sappal said: "The Campaign Committee, INDIA held its first meeting and had preliminary discussion on the modalities and functioning. It was a hybrid meeting, in which seven members joined online and eight were present physically."
RBI to highlight digital payments infrastructure at G20 summit
According to RBI sources, the RBI exhibition pavilion at the G20 summit will put up five major items for display, including the Public Tech Platform (PTP) for frictionless credit.
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