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11.10 / 02:11
Reuters
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Category 4 Hurricane Lidia slams near Mexico's Puerto Vallarta; schools, airport to remain closed. 10 points
AFP. 9. Just this week, Tropical Storm Max left two people dead and dozens of houses flooded in the southern state of Guerrero, one of the country's poorest regions, authorities said Tuesday.
11.10 / 02:11
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5 things that changed for the stock market overnight - Gift Nifty to drop in US Treasury yields
Nifty 50 closed 178 points, or 0.91%, higher at 19,689.85 and the Sensex ended the day at 66,079.36, up 567 points, or 0.87%. “A lot of stock specific action would be seen over the next 45 days as the earnings get declared. On the index front, Nifty might continue with its consolidation with bouts of volatility as it would track the geo-political development, US bond yields and oil prices amidst result announcements," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
11.10 / 00:45
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International
International Girl Child Day 2023: What is the significance of International Girl Child Day? Its date, theme and history
"Invest in Girls' Rights: Our Leadership, Our Well-being" In 1995 World Conference on Women in Beijing, countries unanimously adopted the Beijing Declaration and Platform for Action – the most progressive blueprint ever for advancing the rights of not only women but girls. According to the United Nations, the Beijing Declaration is the first to specifically call out girls’ rights.
10.10 / 20:19
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India needs sustained 8% growth to go past China as global economy driver: Barclays
Indian economy to grow at 6.5% real GDP for FY24: Finance Ministry Highlighting the capacity constraints in traditional areas of investment, Bajoria said that these sectors require a higher degree of investment, including from the government. Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! In the period between 2005-10, the Indian economy had grown at an average of around 8 percent.
10.10 / 20:19
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Nobel: Lessons from Claudia Goldin’s findings
Mint explains her findings: Goldin’s research was one of the first in economics to acknowledge women’s work. It shed light on the historical trend in wage gap and factors contributing to it. The jury noted her work to be “the first comprehensive account of women’s earnings and labour market participation through the centuries".
10.10 / 20:19
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Delhi Traffic Police issues advisory ahead of India-Afghanistan match. Check which roads will remain closed
Bahadurshah Zafar Marg and JLN Marg. No heavy vehicles and buses will be allowed on the roads from Daryaganj to Bahadurshah Zafar Marg and from Guru Nanak Chowk to Asaf Ali Road.
10.10 / 20:19
Provident
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What are global firms with presence in Israel doing after Hamas attack
H&M: The clothing company said its local franchise partner has temporarily closed all stores in Israel. "Our stores will remain temporarily closed and return timeframes will be extended by 30 days from their reopening," a message on Zara-owner Inditex's website in Israel showed.
10.10 / 17:11
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RBI tells BoB not to sign up users on app
MUMBAI : The Reserve Bank of India (RBI) on Tuesday asked Bank of Baroda (BoB) to immediately suspend further onboarding of customers onto their mobile app ‘bob World’. This ban comes after RBI found material supervisory concerns while onboarding customers onto the app. Any further onboarding of customers of the bank on the app will be subject to rectification of deficiencies observed and strengthening of the related processes by the bank to the satisfaction of RBI, said an RBI release.
10.10 / 17:11
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FIIs offload ₹1,005 crore in Indian stocks even as US bond yields ease; DIIs net buyers
₹783.25 crore in Indian stocks today. As per the NSE data, FIIs cumulatively bought ₹8,067.15 crore of Indian equities, while they sold ₹9,072.64 crore --- resulting in an outflow of ₹1,005.49 crore on Tuesday.
10.10 / 17:11
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2020
Significant market corrections and the ripple effect on your portfolio
Safeguard against low probability-high impact events Rising interest rates in a developed market to tackle inflation is one such example and one of the biggest threats to asset prices. In a rapidly rising interest rate environment, even a cautiously leveraged company may find itself heavily leveraged. Individual borrowers may find themselves financially squeezed due to higher equated monthly instalments and prolonged tenure.
10.10 / 17:11
Provident
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As joint owners of a flat, how do we reduce tax liability on rent?
I am planning to buy a flat in NCR along with my wife as joint owner. I am funding 70% of the property, while my wife is contributing 30%. We have taken separate home loans. We intend to rent out the new flat and will have to pay tax on rent. My wife is in the 10% tax bracket and I am in the 30% tax slab. We would like to reduce our tax burden. Also, in future, can my wife increase her share in the property by paying me for that share. Should the percentage of our share be written in the sale deed. —Name withheld on request Under the provisions of the Income Tax Act, 1961, the income arising from an asset is assessable in the hands of the taxpayer who has paid for it.
10.10 / 17:11
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Sugar stocks: Price surge and ethanol boost fuel interest
₹39 per kg in the past three months. Outlook on prices appears upbeat. DAM Capital Advisors warn of potential sugar shortages if sugarcane crushing is delayed past 15 November, leading to expectations of sustained higher prices.
10.10 / 17:11
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India's space economy to reach $44 billion by 2033, hit 8% of global share: IN-SPACe chief
Indian space economy is estimated at $8 billion, Goenka explained, while briefing reporters in Bengaluru, as per a report by news agency PTI. “As we unveil the decadal vision for the Indian Space Economy, we emphasise that the future of the Indian space sector is a shared endeavour. Hence, our strategy fosters an era of collaboration between all stakeholders to accelerate growth," he was further quoted as saying.
10.10 / 17:11
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Fountains nozzles, worth ₹10 lakh, installed outside Bharat Mandapam, Delhi Gate during G20 Summit go missing
₹10 lakh have been stolen from newly installed fountains outside Bharat Mandapam and at Delhi Gate during G20 Summit, PTI reported Tuesday. The matter came to light when the agency tasked with their maintenance filed an FIR with Delhi police, the PWD officials said.
10.10 / 17:11
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Oil snaps Israel-Hamas conflict-induced rally, slides over $1 on demand concerns; Brent eases to $86/bbl
₹7,167 per bbl, having swung between ₹7,101 and ₹7,228 per bbl during the session so far, against a previous close of ₹7,184 per barrel. "Exciting news! Mint is now on WhatsApp Channels
10.10 / 15:45
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performer
Retail stock investments will pay off only if investors stay invested
₹63.8 billion. This jumped to ₹385.3 billion and ₹486.1 billion in 2020-21 and 2021-22, respectively. In 2022-23, it stood at ₹230.4 billion.
10.10 / 15:21
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Telecom companies invest ₹2,419 crore under PLI scheme; 17,753 jobs created: Ashwini Vaishnaw
₹2,419 crore in India under the production-linked incentive scheme, resulting in the employment of 17,753 people. "Today, in the telecom sector, we have crossed a major milestone where PLI-supported companies have already completed an investment of ₹2,419 crore, where the sales are at ₹34,516 crore, exports are ₹7,600 crore, and employment is 17,753.
10.10 / 15:21
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About 70% taxpayers may shift to new regime: CBDT chairman
₹9.57 trillion after refunds in the current financial year, as of 9 October. This was 21.8% higher than the net collections made in the same time a year ago. Prior to refunds, the tax authority collected ₹11.07 trillion so far this year, nearly 18% more than what was collected at the same time a year ago.
10.10 / 15:21
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social
Inside DealShare’s search for an identity
Mumbai: Back in April 2022 when the funding winter for the startup ecosystem had just about set in, social commerce-focused online e-grocer DealShare started out on a path that would change the face of the startup, eventually triggering a change in its leadership and business model. The change was coming at an odd time. DealShare had set up shop in eight states, and had announced plans to aggressively expand that footprint.
10.10 / 15:21
Manufacturing
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VVDN to make 4G, 5G modules for Italy's Telit Cinterion
₹2,419 crore, with sales of ₹34,516 crore, exports of ₹7,600 crore, and over 17,753 jobs generated. In 2022, when the scheme was rolled out, the government had approved of 42 companies with investments of ₹4,115 crore to avail the scheme which offered incentives on expected sales of ₹2.45 trillion and employment for over 44,000 people over a six-year period ending FY26.
10.10 / 15:21
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Q2 Results Preview: OMCs to report robust earnings on sharp rise in refinery margins, IOC to lead the pack
₹3.3/litre in 2QFY24 from the record high of ₹8.8/litre in 1QFY24. Crude oil prices rose as high as 30 per cent in three months spanning July-September as the production cuts announced by Saudi Arabia and Russia have squeezed the global crude supply.
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