FinMin to kickstart FY22 Budget making exercise starting 16 October

This will be the third Budget of finance minister Nirmala Sitharaman and eighth of the Narendra Modi govt

Honda, Bajaj and Hero plan to take on Royal Enfield in its turf

• Market leader Royal Enfield has been dominating the premium segment for the last decade and has been successful in its effort to register more than 30% operating margin till FY 18, indicating the high margins the company commands on its products

Despite low yields, debt fund managers wary of credit risk

Experts say this is not the right time to take any chances, and the focus should be on preserving capital

Abu Dhabi's Mubadala buys 1.4% stake in Reliance Retail for ₹6,247.5 cr

This marks the second significant investment by Mubadala in a Reliance Industries subsidiary after $1.2 bn investment in Jio Platforms announced earlier this year

India will position as tech garage of the world in next few years: Amitabh Kant

• 'India's problems are far more complex and it provides an opportunity to use technology, data and innovate at scale,' Kant adds
• 'It's an opportunity for India, together with the private sector, to lead from the front,' the CEO, Niti Aayog says

Credit or debit cards can be disabled for online transactions from today

• Starting from October 1, your debit and credit cards will be more secure
• All new debits and credit cards, including those which are reissued, can only be used for domestic transactions at ATMs and point of sale (PoS) terminals, said RBI

Dhanlaxmi Bank: RBI approves interim panel to run operations for four months

• RBI has directed that the interim arrangement will not continue beyond four months, the bank said in the regulatory filing
• Shareholders of Dhanlaxmi Bank ousted its chief executive at its annual general meeting on Wednesday

COVID-19: Life, health insurances must for 'safeguarding future', shows survey

• At least 75% who don’t have a critical illness health plan, are planning to buy it within the next three months, shows survey
• Amid the novel coronavirus pandemic, a majority of Indians are working to build up their immunity levels

PepsiCo records high-single digit revenue growth in India in Q3

The results at the maker of Lay’s chips and Mountain Dew beverages were reported for the 12 weeks ended 05 September, 2020

Tata Motors domestic sales grow 37% YoY in September

The company dispatched 21,199 cars last month as against 8,097 units in the year-ago period as it continues to ride the demand for personal mobility across urban and rural markets

Byju’s, Dream 11 push startup funding in September quarter

Indian startups raised $6.5 billion across 438 deals in the first nine months of 2020 compared to $7.9 billion across 594 deals for the corresponding period last year

Passenger car wholesales grow in Sept as automakers stock up for festive sales

• Leading passenger vehicle manufacturers posted a double-digit growth in wholesale volumes in September
• To be sure, the double digit growth posted by leading automakers comes over a low base of September 2019

President Ram Nath Kovind turns 75, wishes pour in from all corners

Several leaders including Prime Minister Narendra Modi, Vice President Venkaiah Naidu, Home Minister Amit Shah, Delhi Chief Minister Arvind Kejriwal and others wished the President on his birthday

Wall Street jumps at open on stimulus hopes, Dow up 150 points

The Dow Jones Industrial Average rose 158.93 points, or 0.57%, at the open to 27,940.63

Jabalpur airport's new terminal likely to be commissioned by March 2022

The new terminal building has been equipped with world-class passenger facilities will have the capacity to handle 500 passengers during peak hours, the AAI said in a press release.

Covid treatment: ICMR, Biological E develop Antisera for virus cure, prevention

• The medical body said such measures have previously been used in medical science to control many viral and bacterial infections
• The report comes as India records 86,821 new coronavirus cases and 1,181 fatalities in a span of 24 hours

Finance minister pushes for regional languages in Indian banking

Sitharaman was speaking on Thursday at the virtual launch of a uniform training programme, including modules on preventive vigilance, for induction and mid-level training for officers of public sector banks (PSBs)

Hero MotoCorp reports robust recovery in sales in Sept as rural demand improves

• On a sequential basis, the company's dispatches were higher than 5,68,674 units in August and 5,14,509 units in July
• The New Delhi-based manufacturer restarted operations at its Haryana and Uttarakhand factories from 5 May

US jobless claims reach 837,000, layoffs continue

• Initial jobless claims in regular state programs decreased by 36,000 to 837,000 in the week ended Sept. 26
• US stock futures remained higher after the report, while 10-year Treasury yields extended gains

Sun Pharma’s investor fortunes hinge on ramp-up in specialty products business

Operating leverage from the ramp-up in the specialty biz can drive meaningful margin expansion, says an analyst

For a better India, we need more people’s startups

Social enterprises, which try to solve vital, chronic problems for people, exemplify the nature of business Gandhi would have espoused

Credit ratio of Indian companies at decadal low in April-September

Crisil claimed that while the rate of upgrades plunged as expected with covid-19 crushing demand, the rate of downgrades did not surge as feared

WATCH: VVIP aircraft Air India One for President, PM arrives in Delhi

The Air India One is equipped with advance communication system which allows availing audio and video communication function at mid-air without being hacked

International flights: Destinations, rules, relaxations for flyers in October

• The ministry clarified that the suspension does not affect the operation of international all-cargo operations and flights specifically approved by the DGCA
• With the ministry establishing Air Bubble arrangements with Oman, Indians can now travel to and from 16 countries

Sensex has best week in 4 months. Rupee has biggest 1-day gain in a month vs USD

• The Nifty bank index today rose 3.7%
• A private survey showed India's factory activity in September expanded at its fastest pace in more than eight years

Google to pay publishers over $1 billion over 3 years for news content

Alphabet’s Google will start paying select media outlets to display curated content on its news app in a concession to the industry which has accused the search engine and other tech giants of unfairly using content for years

Karnataka: Decision underway on re-opening of schools, says govt

• 'Our decision will be based on students health and parents concern,' says Suresh Kumar, Karnataka Primary & Secondary Education Minister
• The Union Home Ministry yesterday stated that states and UT govts have been given flexibility to decide on reopening schools after October 15 in a graded manner

Indian markets excited about a second stimulus: Nirali Shah of Samco Securities

• The immediate support and resistance are now placed at 11180 and 11540 respectively, she said, adding that traders should wait for a decline before building long positions

Flight ticket cancellation amid COVID-19 lockdown: SC orders full refund

• The apex court's order will be applicable for the bookings made for both domestic and international tickets during the period
• The court has asked the Ministry of civil aviation to issue compliance notification in the matter

Rahul Gandhi, Priyanka Vadra, on way to Hathras, taken away by UP Police

• Priyanka Gandhi Vadra and Rahul Gandhi were going to Hathras on Thursday to meet the family of the woman who was gang-raped and later died
• The UP cops cremated the victim's body in the dead of the night, while her family remained locked inside their house

GST collections rise to ₹95,480 cr in September, highest since lockdown began

Collections for September were 10.4% higher than August and 4% higher than last year same month, the finance ministry says

Schools are reopening but parents apprehensive of sending their children

• Parents say they are ready to settle for online education for their children and don't want to expose their families to the risk of covid infection. School authorities, on the other hand, believe that some students should return albeit in small numbers.

Suryoday Small Finance Bank files IPO papers with Sebi

The initial public offering comprises fresh issuance of 1,15,95,000 equity shares and an offer for sale of up to 84,66,796 equity scrips by existing shareholders, according to the draft papers filed with Sebi

WhatsApp features: Always mute, new storage UI, more rolling out for Beta users

• The other features that is available for Beta users of the app are a new Storage Usage UI and its tools, and Media Guidelines
• All these features are in WhatsApp 2.20.201.10 beta for Android and are yet to be rolled out for all users in a stable release

Renault India launches new Kwid Neotech edition: Price, new features

In addition to the exteriors, the Kwid Neotech edition offers an 8-inch touch screen ULC with Apple CarPlay, Android Auto support

New investments decline again in Sep quarter, dashing hopes of quick revival

Only the manufacturing sector saw a slight bump in new project announcements in the just-ended quarter

5% tax on foreign tour, investments and study abroad from today: Details here

LRS allows a person to remit up to $250,000 in a financial year for expenses such as travel and education, as well as capital account transactions like investing in the foreign stock markets.

Is the world running out of gold?

There’s still good reason to invest in it, though