BUSINESS
Rupee to trade in Rs 82.25-82.75 band against dollar: Bank of Baroda
"Even so, intervention by the RBI is likely to keep INR (Indian Rupee) in the range of 82.25-82.75/$ in the near-term. Fed minutes and US Q3CY22 GDP (gross domestic product) scheduled to be released later in the month will determine the course of the forex market," the report said.
Inflation set to ease, though stubbornly: RBI bulletin
These observations have been made in the central bank's monthly bulletin for the month of October. In the article on the state of economy published in the bulletin, the central bank said that "these factors will entrench India's prospects as one of the fastest growing economies of the world".
Nokia, Ericsson ink multi-year deal with Jio to deploy 5G in India
Nokia said that it has been selected as a major supplier by Reliance Jio to supply 5G Radio Access Network (RAN) equipment from its comprehensive AirScale portfolio countrywide in a multi-year deal. Meanwhile, Ericsson said it has entered into a long-term strategic 5G contract with Jio to roll out 5G Standalone (SA) in India.
20% allocation in gold ETF a better investment strategy: Quantum AMC
In a statement issued on Monday, Quantum AMC said the correction in the gold prices from the peak has made the metal affordable this festive season. "To make the most of the correction, we recommend investing in efficient products such as gold ETFs (exchange traded funds) to maximize the benefits," Quantum AMC said.
Supreme Court dismisses Kerala's plea against handing over operation of Thiruvananthapuram Airport to Adani
A bench comprising Chief Justice U.U. Lalit and justice Bela M. Trivedi said there is no need to interfere with the High Court decision at this stage, since a private entity has been managing the operations of the airport since October last year.
Australia's economic outlook to be downgraded: Treasurer
Ahead of delivering his first federal budget on Oct. 25, Chalmers said the global economy is on an "increasingly perilous path", reports Xinhua news agency. After returning from meeting with the International Monetary Fund (IMF) and G20 counterparts in Washington D.C., the Treasurer said Australia would not escape the downturn.
Prime Minister releases 12th instalment of Rs 16,000 crore under Kisan Samman Nidhi
Narendra Modi also inaugurated 600 Kisan Samridhi Kendras and One Nation One Fertiliser Scheme during the Kisan Sammelan which opened in the national capital. Modi said on the occasion that more than Rs 2 lakh crore has been transferred to farmers' accounts and it has helped them in managing the input cost.
11K flats will be ready for possession for Amrapali homebuyers by Dec, 2K flats by Diwali
According to a source in the NBCC, 1,000 flats are ready for possession in Amrapali Leisure Park; 500-600 flats are ready for possession in Amrapali Golf Homes; and 200-300 flats are ready for possession in Centurian Park Terrace Homes.
India Incorporate hails Government's policy initiatives after meeting with Finance Ministry in Washington
After meeting Finance Minister Nirmala Sitharaman in Washington on Saturday, representatives of several Indian companies said that many countries aim to learn from initiatives like UPI and RuPay. C.T. Lakshmanan, President of Tech Mahindra Americas, said that the discussions with Sitharaman were 'amazing'.
PM says dedicated banking units to strengthen financial inclusion
"DBU is a big step in the direction of Ease of Living for the common citizens", he said. The Prime Minister informed that in such a banking setup, the government aims to provide maximum services with minimum infrastructure, and all of this will happen digitally without involving any paperwork.
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