Market LIVE: Sensex, Nifty off day's low; Bharti Airtel, Bajaj Finance top drags

Reliance Industries Q2: Telecom, retail likely to drive growth

• Telecom subsidiary Reliance Jio Infocomm is likely to continue with its growth momentum in the September quarter. Key metrics such as average revenue per user (Arpu) may improve with physical and digital recharges picking up

Tax regulations to consider in borrowing from or lending by friends or relatives

• The loan should not be given in cash or bearer’s cheque in case the amount is more than Rs20,000. Same regulations will apply in case of repayment
• An Indian resident can only take foreign exchange loans from his close non-resident relatives, and such a loan cannot exceed $250,000 per year

Indian pharma company, whose shares are up 350% year to date, to boost capacity

• Laurus plans to fund the capital expenditure through a mix of internal accruals and some external debt.

Tamil Nadu Governor Banwarilal Purohit gives assent to 7.5% NEET quota Bill

The NEET quota bill provides 7.5% horizontal reservation in undergraduate courses in medicine, dentistry, Indian medicine and homeopathy for government school students who have cleared NEET

Don't wait till December 31 to file your ITR. Here's why

The last date for filing belated or revised ITR for AY20 has already been extended several times this year in the wake of the covid-19-induced lockdown.

Army launches secure messaging app SAI for jawans, similar to WhatsApp

• The messaging app called SAI will provide secure voice, text and video calling services to its soldiers
• The app has been vetted by CERT-in empanelled auditor and the Army Cyber Group

Meteor 350: Royal Enfield teases motorcycle before official launch

• The Meteor 350 will be replacing the Thunderbird 350X motorcycle
• The new motorcycle will source power from a new 350 cc, single-cylinder, air-cooled, long-stroke engine

TVS Motors’ impresses on margins in Q2 but valuations may face headwinds

• Valuations are expensive with core price-earnings at 28 times FY22 earnings in comparison with 15-21 times for larger peers on FY22 earnings, Emkay Global has said in a client note

Curtains down on PUBG Mobile in India with server shut down

• PUBG Mobile and PUBG Mobile Lite's Indian servers were operated by China-based Tencent Games
• The closure of servers will deprive existing users of PUBG from playing the game on their phones. The government had banned the game as part of its 70-app ban in September

After Mumbai, Hyderabad gets MEA's 2nd integrated regional passport office

All MEA related services, whether it is passport or immigration services, will be available under a single roof within the premises of RPO Hyderabad

Inflation eats into returns of debt funds in a big way

Real returns from short-term categories hit, long-tenor ones may not replicate gains

The new haven for global investors may be emerging-market stocks

With Treasuries, the yen and gold failing to live up to their usual haven potential, it seems the traditional risk-on vehicle of choice -- emerging-market stocks -- has stepped in to take up the mantle.

Vodafone Idea’s Q2 results show it has fallen far behind Airtel post tariff hike

• A year ago, Vodafone Idea’s subscriber base was 11.5% higher than that of Airtel. Things have now reversed and its subscriber base is now 7.5% lower compared to Airtel

India's total active covid cases drop below 6 lakh after 57,386 new recoveries

India continues to maintain the declining trend of active cases with a surge in the number of recovered cases.

Mutual fund redemptions due on October 30 will be settled on Monday, November 2

The holiday today is on account of ' Eid e Milad.' All redemptions due on Friday, 30th October will be settled on Monday, 2nd November.

PM Modi arrives in Kevadia, to inaugurate Sardar Patel Zoological Park shortly

PM Modi arrived Friday on a two-day Gujarat trip during which he is scheduled to launch a host of projects, including a seaplane service between Kevadiya and Ahmedabad

Infosys turns carbon neutral: Implications for Bengaluru

• Lack of mass mobility solutions in Bengaluru has forced people to rely on private vehicles which is the biggest source of pollution in India’s technology capital. There are over 8.5 million vehicles plying in the city which has just over 10 million residents

US court asks Antrix to pay $1.2 billion compensation to Bengaluru start-up

• As per the agreement in January 2005, Antrix agreed to build, launch and operate two satellites and to make available 70 MHz of S-band spectrum to Devas
• The agreement was terminated by Antrix in February 2011

Coronavirus cases rising in Delhi, Kerala reports biggest jump among all states

A return of the coronavirus in Europe has spooked global markets. Even as India recovers, some regions are at a similar risk, including the national capital

Two prominent Indian-Americans among Joe Biden’s core advisers

• Among those advising him on the pandemic are Dr Vivek Murthy, former US Surgeon General who was appointed by President Barack Obama and Harvard economist Raj Chetty is among those who have briefed Biden on economic issues

Route Mobile shares cross the ₹1,000 mark, up 26% in just 4 days

• Earlier this week, the company had announced its quarterly numbers
• Route Mobile doubled its consolidated net profit at ₹32.7 crore for the September 2020 quarter

Five things to know about LTC cash voucher scheme

• The scheme is valid for 2018-21. Those availing it should spend three times the payout on buying goods or services taxed at 12% or above. Purchases must be from GST registered suppliers, with payments made digitally and by 31 March

Markets brace for turbulence over US polls, 2nd covid wave

• The BSE Sensex ended 173 points lower at 39,749.85 on Thursday, while the Nifty index ended at 11,670.80, down 59 points
• Analysts expect the market to stay volatile until a clear winner emerges in the US elections, and expect the pandemic to cast a shadow after the election as well

Stocks to Watch: IndiGo, Vodafone Idea, TVS Motor, RIL, Tata Group, MCX, HPCL

• Vodafone Idea has reported significant narrowing of losses to about ₹7,218 crore for the September quarter, and said signs of recovery were visible with gradual improvement in economic activities

Asymptomatic Covid cases: Oxford to try new test for people without symptoms

• As part of the study, some staff and students of the University of Oxford will be offered tests
• Individuals swab their nose and throat to collect a sample, and then insert it into a tube of liquid for a short time

Gold prices today move higher after 2 days of decline, silver rates go up

• Gold prices in India remained significantly lower than the record high, hit in August
• Gold rates are down about ₹6,000 per 10 gram from highs

Mike Pompeo says China 'gravest threat' to religious freedom

• In Indonesia, which has the world's biggest Muslim population, Pompeo took aim at China's treatment of its Uighur Muslim minority
• China is Indonesia's biggest trading partner and criticism in the Southeast Asian country of Beijing's treatment of Uighurs has been muted

Tamil film 'Andhaghaaram' to release on Netflix next month

The movie, which features actors Vinoth Kishan, Arjun Das, Pooja Ramachandran, Kumar Natarajan, Meesha Ghoshal in pivotal roles, will also release on the streaming platform in Telugu

Coronavirus vaccine shipments: 1st US vaccines could ship late Dec or early Jan

• 'The first interim look (at trial results) should be, we hope, within the next few weeks, Dr Anthony Fauci said
• Both firms started the final stage of clinical testing in late July with tens of thousands of people taking part in each trial

Why 2020 is Thailand’s year of living dangerously

• The upheaval in Thailand could hurt the Asian Tiger that is already grappling with a middle-income trap
• In the eyes of the demonstrators, the king is the antithesis of constitutional monarchs. The Thai monarchy’s $40 billion contrasts with the Queen of England’s assets of $500 million

Interest-on-interest waiver: Crop, tractor loans not part of ex-gratia scheme

• The scheme, which was announced as per the direction of the Supreme Court, is likely to cost the exchequer ₹6,500 crore
• Crop and tractor loans come under agriculture and allied activities loans and are not part of the eight segments or classes eligible under the scheme

'Bright youngsters...': Modi condemns killing of 3 BJP workers in J&K's Kulgam

• 'I condemn the killing of 3 of our young Karyakartas,' PM Modi wrote in a tweet
• The party workers were travelling in a car when terrorists fired at them in YK Pora area

10 lakh passports per month were being issued before Covid-19: MoS

Minister of State for External Affairs V Muraleedharan also underlined that they are hopeful of resuming the work in full steam

Apple sees record quarter in India, even as iPhone sales fall worldwide

• Apple didn’t provide guidance for the next quarter, something it has been doing this year, since the pandemic has made business conditions unpredictable
• Apple led the premium smartphone market in India in this quarter, ahead of popular brands like OnePlus and Samsung

Redevelopment of Dharavi : Decision to float new tender approved

• The previous Devendra Fadnavis government had decided on October 16, 2018, to redevelop Mumbai's Dharavi area, considered to be Asia's largest slum
• Under the proposed redevelopment, 67,000 families living in Dharavi were to get 350 sq ft houses