Top Business News - Tuesday, October 26

6.34 PM

Kerala must grow beyond remittance economy: S Gurumurthy

Editor and economic commentator urges focus on local production for sustainable development

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5.53 PM

Will Sanjiv Goenka's billion-dollar IPL gamble work?

While it is difficult to say if Lucknow will be luckier than Pune for Sanjiv Goenka, there’s a good chance he’ll prove his brother Harsh’s predictions ...

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5.04 PM

Bombay High Court grants injunction in favour of Zee

To give the media entertainment company relief from boardroom battle against Invesco

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4.52 PM

Consumer shopping sentiment at its highest: Survey

About 43 per cent of respondents are willing to spend in the range of ₹15,000 1,00,000 and

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4.30 PM

‘Chip shortage will cut vehicle sales 4-6% this festival season’

CRISIL Rating cites production cuts and longer waiting period for buyers

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4.24 PM

Sensex gains 383 points, Nifty closes above 18,200

Midcaps, small caps rebound sharply, Volatility index dips below 17

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4.14 PM

BharatPe opposes PhonePe’s trademark over ‘PE’ usage in Devanagari

Cites public interest in cancellation plea filed at IP division of Delhi High Court

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3.24 PM

Why farmers want to get rid of Asia’s biggest onion market?

Growers want to band together, end the hold of traders’ cartel, and have a say in prices

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2.28 PM

ICICI Lombard launches BeFit – cashless OPD and wellness combination to customers

Says it will provide the policyholder with 360-degree support that they require

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1.20 PM

India Post Payments Bank and HDFC Ltd partner to offer home loans

Seeking to cater to nearly 4.7 crore customers of IPPB

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12.33 PM

CCI nod for HDFC Bank’s stake buy in HDFC ERGO

HDFC Bank to acquire 4.99% of outstanding equity share capital of HDFC ERGO General Insurance Company

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11.52 AM

S&P upgrades Manappuram Finance’s credit rating to ‘BB-’

Sees it outperforming NBFC peers with strong capitalisation and lower credit costs

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11.10 AM

US to lift all travel restrictions for incoming foreign nationals from Nov 8: White House

The updated travel guidelines also include new protocols around testing

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10.27 AM

 

Covid-19 vaccination: India administers over 64 lakh doses on October 25

Uttar Pradesh is leading the vaccination drive

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9.48 AM

IEX’s green-day-ahead-market to aid RE companies

Renewable energy companies have long had a grouse — often, the buyer of their power, usually a State government owned utility, would refuse to buy their electricity, citing grid management issues. In such backdowns, the renewable energy generating company has no option but to suffer loss of revenue.

But now, with the launch of G-DAM, or the green-day-ahead-market by the Indian Energy Exchange, renewable energy companies have the option of selling their power on the exchange.

G-DAM was formally launched today by the Union Power Minister, RK Singh. Sellers and buyers can submit sale or purchase bids during a window each day; the electricity would be delivered the following day.

If an electricity distribution company, Discom, refuses to buy, the energy company now has the option of the market.

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9.00 AM

 

Pre-market open: SGX Nifty signals 80-point gap-up opening for Nifty

 

Indian markets are likely to open positive note on Tuesday, thanks to strong global cues. However, the settlement of NSE derivative contracts on coming Thursday, will keep the market volatile. Though the headline benchmarks show some resilient, broader markets will continue to remain under pressure, said analysts.

Analysts caution investors not to buy the beaten down mid & small-cap stocks, as the “worst is not yet over for them”. However, market participants expect some bounce back in the mid and small-cap space.

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Published on October 26, 2021