The average Indian CEO lasts less than 4 years in the corner office

• Indian CEOs are increasingly likely to ‘resign’ rather than retire, a Mint analysis shows

Titan reports net profit of ₹199 crore in Q2

• The jewellery division recorded an income of ₹3,446 crore for the quarter

Dr Reddy's provides update on cyber attack

• On 22nd October 2020, Dr Reddy's experienced an information security incident and consequently isolated the impacted IT services.

L&T’s special dividend proposal raises hopes of better capital allocation

• L&T had announced that it will distribute a part of earnings from its deal with Schneider Electric among shareholders
• Analysts' estimates on how much of this will be paid as special dividend range from ₹18 to ₹38 per share

How crypto is now making a comeback

In India, not only has RBI’s 2018 ban been reversed by the Supreme Court through a ruling in March 2020, but also the country’s famously conservative banking system is making nascent forays into the crypto space

All schools in Delhi will continue to remain closed till further orders: Sisodia

• Manish Sisodia said, 'It is not safe to reopen schools in Delhi yet, and also parents are not in favour too'

Tata group to set up ₹5000 crore phone component making unit in TN: Report

• Tata Sons company, Tata Electronics, has been allotted 500 acres by Tamil Nadu Industrial Development Corporation and that group firm Titan Co Ltd’s precision engineering division will provide expertise for this project

Inside Ant, the company behind the world’s biggest IPO

• Chinese fintech giant, the world’s most valuable startup, is about to make history with record-breaking IPOs in Hong Kong and Shanghai

‘We do what we promise’: PM Modi at election rally in Bihar’s Darbhanga

• Those who used to ask us date for Ram temple construction are now compelled to applaud, said PM Modi at election rally in Darbhanga
• The Prime Minister requested everyone to follow all precautionary measures against Covid-19

SpiceJet will charge you ₹100 for check-in at any airport counter

• SpiceJet tweeted: 'And now, you may also check-in at the airport, for a facilitation fee of ₹100 per passenger'
• Earlier, IndiGo too had announced a check-in fee at the airport counters

IRCTC's Golden Chariot train to roll out in new avatar from 2021. Check details

• IRCTC's Golden Chariot train now boasts of several new features including newly upholstered furniture, elegant draperies, renovated rooms and bathrooms, crockery and cutlery of reputed international brands and an exquisite range of linen

Pfizer says Covid-19 vaccine still possible this year

• Pfizer expects to file for emergency use authorization for its Covid-19 vaccine in the third week of November

Bharti Airtel's strong results hold a mirror up to pessimistic investors

Bharti Airtel’s performance in nearly all operating segments was ahead of expectations

Why covid lockdown was only a temporary respite from air pollution

• Less economic activity and vehicular traffic due to the pandemic don’t seem to have made cities in northern India more breathable this winter

Tata Motors shares surge on better-than-expected Q2, positive outlook

• The automaker said it expects gradual recovery of demand and supply in the coming months.

Railways to operate special Shatabdi Express from today. Check route details

• Indian Railways operating festival special trains to clear extra rush of passengers during the festive season

India's active covid tally dips near 6 lakh after 58,439 recoveries in a day

India has cured a total of 72,59,509 cases with 58,439 new discharges in last 24 hours.

The first-ever 'seaplane services in Gujarat' to start soon. Details here

• The seaplane service will be launched between the Sabarmati riverfront and the Statue of Unity
• PM Modi will take the official inaugural flight on October 31

Qatar apologizes after forced airport examinations of female passengers

Under pressure after Australia condemned the searches, Qatar's government said it had begun an investigation into the treatment of the women who were taking Qatar Airways Flight 908 to Sydney on October 2

Bharti Airtel shares jump 9% on strong Q2 earnings

• A boom in remote work propelled a 58% year-on-year jump in data consumption at Bharti Airtel in the September quarter, helping India’s second-largest telco post record consolidated revenues, which offset the telco’s net loss during the quarter

Russia starts making second Covid-19 vaccine

• Earlier this month, Russia had announced the approval of Vector’s covid vaccine
• Russia has submitted applications to WHO for an Emergency Use Listing and prequalification of its Sputnik V coronavirus vaccine.

Tata eyes majority stake in BigBasket

Group may pay up to $700 mn to investors in online grocer

Cognizant appoints Rajesh Nambiar as India CMD

• Cognizant has been scouting for a new chief to head its India operations ever since Ramkumar Ramamoorthy left the company on 17 July after spending 23 years in the company

How PM Modi's Jan Dhan Yojana is also acting as a deterrent to crime

The average balance of Jan Dhan accounts increased to ₹3,400 in April and declined thereafter to ₹3,168 in September and now marginally increased to ₹3,185 in October 2020

Stocks to Watch: ICICI Bank, Bharti Airtel, Hero MotoCorp, Tata Motors, Vedanta

• Bharti Airtel reported its highest-ever quarterly consolidated revenue on the back of a rise in data usage and higher realisations, helping it narrow losses in the July-September period

How India’s biggest bank merger would stack up in numbers

• Talk of the merger and Kotak’s unexpected profit growth has already pushed the lender ahead of rival ICICI Bank Ltd.
• If the deal goes ahead through a share swap at IndusInd’s current price, Kotak’s market value will soar by about 464.5 billion rupees

First generation of covid vaccine 'likely to be imperfect': UK Taskforce

'The first generation of vaccines is likely to be imperfect, and we should be prepared that they might not prevent infection but rather reduce symptoms, and, even then, might not work for everyone or for long,' UK Vaccine Taskforce Chair Kate Bingham said.

What’s at stake for PM Narendra Modi in India’s first state vote since covid-19

• Bihar accounts for 212,355 of India’s 7.94 million confirmed cases, making it the 11th worst hit out of the country’s 28 states
• PM Modi is the main face of the ruling coalition in Bihar and a great deal depends on his enduring popularity among voters.

Amazon to hire 100,000 seasonal employees

• Amazon announced it is creating more than 100,000 jobs in operations such as packing and delivering orders for its 'peak season'
• Positions include managing employees, operating robots, and monitoring safety at facilities, the company say

Laddering can help you beat low rates on fixed-income products

You can split your investment using the laddering strategy so that some of it can be used to serve liquidity needs

Indian economy accelerates in September as animal spirits soar

India’s economy picked up speed in September as a revival in demand and business activity helped drive the South Asian nation toward recovery from the pandemic-induced slump.

Nitish Kumar will ditch BJP to join RJD after Bihar poll results: Chirag Paswan

• Chirag Paswan also appealed to the people to come out and exercise their voting rights
• Voting began on 71 constituencies spread across 16 districts in the first phase of Bihar Assembly elections today at 7 am

Equitas Small Finance revises fixed deposit rates. Latest FD interest rates here

• Equitas Small Finance Bank provides two distinct types of FD schemes - Equitas Fixed Deposit and Equitas Selfie FD
• Equitas Small Finance Bank provides a 60-basis-point higher return to senior citizens

A fresh capital crisis looms over India’s banking sector

Another pile-up of bad loans could wipe out the capital of banks and call for bailouts with taxpayer money

Gold prices today fall, down ₹5500 from record highs; silver rates drop

• Ebbing hopes of US stimulus before the elections and a stronger dollar weighted on gold prices
• ETF flows remained volatile as investors remained cautious ahead of the US elections

Bihar elections: Polling begins for first phase in 71 seats

• All eyes therefore are on what is the likely turnout going to be in the backdrop of social distancing restrictions and health protocols puts in place by the Election Commission