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MPC) meeting is being held in a tough global economic environment. The US treasury yields have shot up to a 16-year high even as the US Fed has signalled that it won't be backing down against its inflation fight.

Buy or sell stocks for today: Following weak global cues, Indian stock market went down for second straight session. Nifty 50 index went down 92 points and closed at 19,436 levels, BSE Sensex corrected 286 points and ended at 65,226 whereas Bank Nifty index lost 435 points and finished at 43,964 levels.

income. This could benefit carmakers, insurers, mutual funds, jewellers, multiplexes and hospitals, says BNP Paribas in a note. Income tax filers with income above Rs 10 lakh have grown 20% between 2012 and 2021 vs 4.5% for those with less than Rs 5 lakh in income.

market to raise fresh capital through qualified institutional placements (QIPs), a trend being viewed as a clear indicator of the rejuvenation of the private capex cycle. During the first-half of FY24, 20 companies have together raised ₹18,500 crore through QIPs, while another dozen have already announced plans to raise up to ₹25,000 crore through this route. The Bajaj Finance board will meet Thursday to consider a proposal to raise funds. Market analysts anticipate that the company may seek to secure as much as ₹8,000-9,000 crore via QIP and an additional ₹2,000-3,000 crore through a preferential issue.

Bloomberg Index Services (BISL) will be holding advisory meetings for the Bloomberg Fixed Income Index in Asia, Europe, and the US this month and the next to discuss, besides other items, the eligibility of Indian sovereign bonds for inclusion in the benchmark being referenced by investors globally to buy bonds. The move comes barely two weeks after JP Morgan included India in its Global Government Bond Index-Emerging Markets (GBI-EM) global index suite starting June 2024. «BISL will be conducting the Bloomberg Fixed Income Index Advisory Councils (the „IACs“), in the US, Europe and Asia in October and November.

G20 finance ministers and central bankers, under India’s presidency, in Marrakech next week, the Development Committee of the World Bank has proposed the creation of additional annual lending capacity of more than $100 billion over the next decade for the multilateral lender to run a more inclusive agenda on climate change and poverty alleviation. The final recommendations of the joint ministerial committee of the boards of governors of World Bank and the International Monetary Fund reflect suggestions made by the Independent Expert Group set up by the G20 co-chaired by 15th Finance Commission chairman N.K.

Supreme Court has said resolution professionals (RPs) do not have the power to file appeals against the decisions of bankruptcy courts as they are «neutral» persons appointed to assist the tribunals. The top court's observation could help speed up insolvency resolutions, legal experts said.

NEW DELHI : India’s apex medical research body is calling for widening early screening, diagnosis and treatment of cancer after a spike in breast and lung cancer. India ranks third in cancer cases after China and the US and is expected to see a further 57.5% increase in cases from 2020 to 2040.

₹5 crore kicked in on 1 August for businesses to report wholesale transactions in designated portals (called e-invoicing), it is natural that compliance in raising e-way bills for goods shipment will also improve, according to experts. The e-invoice transaction data feeds automatically into other tax documents like e-way bills and the GST returns, facilitating greater reporting and oversight of economic activity.

MUMBAI : The Reserve Bank of India on Wednesday constituted an external working group on expected credit loss (ECL) based framework for provisioning by banks. This move comes after RBI released a discussion paper in January this year on shifting from the incurred-loss approach to the ECL model, a transition aimed at making the banking system more resilient.

Chase UK recently refused to deal with any transaction involving cryptocurrency. This development was met with a harsh response from Coinbase CEO Brian Armstrong. Meanwhile, Chainlink (LINK) and VC Spectra (SPCT) experienced a surge in token prices, becoming the top altcoins to watch for in 2023.

Peyush Bansal, co-founder and CEO of eyewear retailer Lenskart, has purchased a property in Delhi’s Neeti Bagh for Rs 18 crore, two people aware of the transaction said. Bansal has acquired the basement and ground floor of the 813-square-yard property and paid Rs 1.08 crore in stamp duty and corporation taxes, as per documents accessed through the data analytics firm CRE Matrix. Last year, Neha Bansal, co-founder of Lenskart and Peyush’s sister, purchased a 400-square-yard bungalow in Delhi’s Greater Kailash for Rs 22 crore. “A South Delhi based builder bought the other three floors along with the terrace for about Rs 35 crore in two separate transactions. He will probably redevelop the property and sell the floors individually.

New Delhi: In 2020, two of Indian television’s oldest properties, Kaun Banega Crorepati (KBC) and Bigg Boss, returned to home screens for the first time after the onset of the covid-19 pandemic, complete with downsized crews and isolated bubbles for sets. However, the much-anticipated comeback failed to enthuse media and entertainment industry experts, as the audience gave the reality shows a tepid reception. The inability to grab people by the eyeballs the way they used to earlier saw the television rating points (TRPs) of these shows plunge by at least 50%, according to broadcast network heads.

Manish Sisodia, and former health minister in Delhi cabinet Satyendar Jain. The 51-year-old leader becomes the second high-profile AAP leader to be arrested in this case after former deputy chief minister Manish Sisodia. AAP had issued a statement after MP Singh's arrest, claiming, “Sanjay Singh speaks for people, his arrest after Manish Sisodia and Satyendar Jain shows BJP's frustration as it is losing to INDIA bloc".

A little outdoors goes a long way, and America’s national parks and outdoor spaces are some of the most stunning on the planet

Sebi) on Wednesday in a statement said it has formed several working groups to simplify various rules falling under the regulator. The move follows the announcement in the Union Budget earlier this year, where the government vowed to carry out a review of existing financial sector regulations. «To simplify, ease, and reduce the cost of compliance, financial sector regulators will be requested to carry out a comprehensive review of existing regulations. For this, they will consider suggestions from public and regulated entities,» Sitharaman had said. There will be time limits to decide the applications under various regulations, the finance minister had said, adding that public consultations, as necessary and feasible, will be included in the process of regulation-making. «Pursuant to the Budget announcement, Sebi constituted working groups to recommend simplification of various regulations,» the regulator said in a statement. The working groups will also look into the compliance requirements to enhance the ease of compliance and a reduction in the cost of compliance.

As the trial against Sam Bankman-Fried, the disgraced former CEO of bankrupt crypto exchange FTX, begins, the complexity of the world of crypto is emerging as a significant challenge for both the prosecution and the defense.

Also Read: Inclusion of Indian bonds in JPMorgan bond index to have limited impact on Indian bonds, rupee, says ASK Wealth Strong economic data in the US and hawkish comments from the US Federal Reserve officials have raised bets that the interest rates will remain higher for longer, leading to a spike in bond yields. US job openings unexpectedly rose in August, pointing to tight labor market conditions that could compel the Federal Reserve to raise interest rates next month, with the odds rising above 30%, Reuters reported.

Nifty 50 today: Frontline indices the Nifty 50 and the Sensex ended in the red on Wednesday, October 4, extending losses into the second consecutive session, amid a sharp rise in the US bond yields and dollar. Bond markets are witnessing a strong selloff globally, causing yields to rise sharply. "An unrelenting selloff in world government bond markets pushed US 30-year Treasury yields to 5 per cent for the first time since 2007 and Germany's 10-year borrowing costs to 3 per cent on Wednesday, moves that could hasten a global economic slowdown," reported Reuters.

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IDFC First Bank fell over 3% to the day's low of Rs 91.30 in Wednesday's trade on the NSE following the approval of the floor price for its upcoming Qualified Institutional Placement (QIP) issue. The company's Capital Raise and Corporate Restructuring Committee authorised opening of the issue in the Board meeting held on Tuesday. The floor price has been set at Rs 94.95 per equity share. A meeting of the committee of the bank will be held on October 6, 2023, to consider and determine the issue price of equity shares and discount, if any. The price action in IDFC Bank shares was accompanied by significant volumes as more than 3.41 crore shares changed hands on the NSE around 1:40 p.m.