#PersonalFinance | Does a non-resident Indian (NRI) need to be present in India while purchasing a policy? No, they do not.

An NRI can easily purchase a policy abroad. In some cases, however, it is better to buy the policy while in India.

https://www.livemint.com/money/personal-finance/nris-can-buy-term-insurance-abroad-but-here-s-what-they-should-also-know-11633507803583.html

As digital payments firm Paytm awaits its approval from the Securities and Exchange Board of India (SEBI) for a $2.2 billion IPO, valuation guru Aswath Damodaran, has pegged the fintech firm's valuation to be at $20 billion. Paytm currently holds a valuation of $16 billion. https://www.livemint.com/companies/news/paytm-not-a-buy-and-hold-investment-valuation-guru-aswath-damodaran-on-upcoming-ipo-11633504118980.html

Like everyone on Wall Street, four-decade market veteran #BobMichele is on guard for the kind of inflation bogeyman that would force the Federal Reserve to hike sooner than expected.

https://www.livemint.com/news/world/this-wall-street-veteran-s-fear-is-the-fed-hiking-sooner-than-expected-11633532284949.html

What's up?

Here's a snapshot of financial markets for you.

Read the Mint Newsletter: https://www.livemint.com/mint-top-newsletter/minttopofthemorning07102021.html

#mintnewsletter #sensex #nifty #dollar #rupee #gold #crudeoil #bitcoin

#MintNewsLetter | #COVID19 forced central banks around the world to open their purse strings to support their economies.

However, with #inflation heating up, policy normalization is already underway in some parts of the world, shows data

https://www.livemint.com/mint-top-newsletter/minttopofthemorning07102021.html

Fundraising blitz caps a decade of unicorns | Moody's upgrade a boost for equities, but risks remain | Swiggy unveils $40 million Esop buyback programme | Hindustan Zinc charts $1bn plan to turn green

Read the e-paper here: http://epaper.livemint.com

Petrol and diesel prices have been increased for the third consecutive day, sending retail rates to all-time high levels, with a "substantial" increase in the offing in coming days as international oil prices continued to rise.

#PetrolPrice #DieselPrice | https://bit.ly/3mtdVPj

The WHO recommended broad use of the world's first malaria vaccine for children, touting it as a breakthrough for “science, and malaria control.”

The recommendation of the RTS,S/AS01 malaria vaccine is based on results from an ongoing pilot programme.

https://bit.ly/3ozsbsC

We have hand-picked 50 mutual funds for your portfolio that have jumped through hoops of good returns, low risk, good portfolio hygiene, and our own qualitative research.

Find out

#MutualFunds #MF

https://www.livemint.com/mutual-fund/mint-30/mint50-top-mutual-fund-schemes-to-invest-in-11633541798196.html

#Petrol and #diesel prices continue to soar across the country and have crossed ₹100 in many states.

Petrol price in Mumbai reached an all-time high of ₹109.25 per litre today after oil marketing companies (OMCs) hiked the fuel rates again.

https://bit.ly/3BjRqmn

#Market LIVE Updates: Sensex opens over 59,600; Nifty over 17,800

#Stocks #StockMarket | Track: https://www.livemint.com/market/live-blog/share-market-live-updates-sensex-nifty-bse-nse-stock-market-today-07-10-2021-11633566844235.html

Rakesh Jhunjhunwala portfolio: Titan Company and Tata Motors are the top Nifty gainers in early morning deals at Indian stock market today

Should you buy?

#RakeshJhunjhunwala #Stocks #StockMarket

https://www.livemint.com/market/stock-market-news/rakesh-jhunjhunwala-portfolio-these-tata-stocks-are-top-nifty-gainers-today-11633582216979.html

#MintPlainFacts | Tomorrow, the panel tasked with keeping India’s inflation in check will announce its latest monetary policy review.

The last two prints, both below 6%, have come as a big relief to the panel.

https://www.livemint.com/economy/price-pressures-not-going-anywhere-should-mpc-put-focus-back-on-inflation-11633499727555.html

Unlike food cooked and served at restaurants, ice creams sold at parlours are manufactured items and are therefore taxable at 18%, the finance ministry said in a set of clarifications

#GST #Tax | Read more: https://bit.ly/3uNd7bT

Despite the high risk, some penny stocks have managed to generate exorbitant returns for investors in the last 1 year. Let's take a look at some such stocks:

#Stocks #StockMarket #StocksToWatch

https://www.livemint.com/market/stock-market-news/these-multibagger-penny-stocks-surged-up-to-9-113-in-just-1-year-11633589332353.html

#Auto | Mahindra XUV700 SUV has clocked a total of 25,000 bookings in just under an hour, according to a statement released by the company.

The company claims these booking numbers are unprecedented in the Indian automotive industry.

https://www.livemint.com/auto-news/mahindra-xuv700-suv-receives-25-000-bookings-in-under-an-hour-11633592510715.html

India's richest wealth has increased by 50% amid pandemic, as per Forbes with #MukeshAmbani remaining the wealthiest Indian for the 14th year in a row, since 2008.

For more details, read: https://bit.ly/3uMR70S

The central government released an amount of ₹40,000 crore to states and union territories (UTs) with legislature under the back-to-back loan facility to meet the shortfall in GST compensation, said the ministry of finance in a statement.

https://www.livemint.com/news/india/centre-releases-rs-40-000-crore-to-states-as-gst-compensation-under-back-to-back-loan-facility-11633600622220.html