#SBI has now come up with an innovative way to ensure timely repayment of loans- a surprise visit with a pack of chocolates.

This novel way is intended to encourage borrowers, especially retail borrowers, to make timely repayments.

Read more: https://www.livemint.com/industry/banking/sbi-mulls-innovative-way-to-ensure-timely-loan-repayment-chocolates-and-surprise-visit-for-defaulters-11694945382082.html

#MintCharts | Recently, #RBI ran the latest issue of the Sovereign Gold Bonds (SGBs) scheme, under which the government issues bonds to investors linked to the price of gold.

Since the scheme began in November 2015, the SGB issue this June saw the highest volume of 7,769 kg mobilised under the scheme. What is the way forward for this scheme?

Google Doodle celebrates ‘Respect for the Aged Day 2023', also known as Keirō no Hi or 敬老の日 in Japanese.

This day is observed on the third Monday of every September. In Japan, the day holds a deep cultural significance as it honors the elderly population.

https://www.livemint.com/news/world/google-doodle-celebrates-respect-for-the-aged-day-a-day-to-honor-elders-11695006719399.html

An Amrita Sher-Gil painting titled The Story Teller, signed and dated 1937, fetched a staggering ₹61.8 crore, etching its name in history as the most expensive Indian artwork to be auctioned.

Read here: https://www.livemint.com/news/india/amrita-sher-gil-s-the-story-teller-fetches-record-61-8-cr-11694975754439.html

#PersonalFinance | Car loans 🚗 are usually of 3 to 5 years, but some lenders may offer loans for up to 7 years too.

A loan for longer may mean smaller equated monthly instalments (#EMIs), which makes the car seen more affordable, but overall, you pay more as interest.

#PersonalFinance | A well-managed multi-asset fund can help investors reduce overall volatility on their investments.

The funds analysed showed a standard deviation of 5.7% on an average. Standard deviation is a measurement of volatility.

Read here: https://www.livemint.com/money/personal-finance/unlocking-the-power-of-diversification-a-guide-to-multi-asset-funds-and-their-role-in-your-investment-portfolio-11694976293597.html#:~:text=A%20well%2Dmanaged%20multi%2Dasset,is%20a%20measurement%20of%20volatility.

“Success of Moon Mission --- #Chandrayaan3 has hoisted our Tiranga, Shiv Shakti Point has become a new centre of inspiration, Tiranga Point is filling us with pride," PM Modi said before the commencement of the #ParliamentSpecialSession.

Read here: https://www.livemint.com/news/india/chandrayaan3-tiranga-point-is-filling-us-with-pride-prime-minister-narendra-modi-11695013225505.html

#Jeep, the SUV maker is evaluating different options before finalising its strategy for electric vehicles (EVs) for the India market, said a report by PTI citing a top company executive.

Read here: https://www.livemint.com/auto-news/jeep-evaluating-options-before-finalising-ev-strategy-report-11694970738879.html

Debt-ridden telecom operator #VodafoneIdea has paid Rs 1,700 crore to the government which includes the dues for the 5G spectrum and other spectrum acquired previously.

Read here: https://www.livemint.com/industry/telecom/vodafone-idea-pays-rs-1-700-crore-to-the-indian-government-for-5g-and-other-spectrum-dues-11694976477649.html

#Foxconn has said that they are planning to double their investment and workforce in India within the next twelve months, according to V Lee's LinkedIn post on the occasion of PM Modi's 73rd birthday.

Read here: https://www.livemint.com/companies/news/foxconn-to-double-workforce-investment-in-india-by-this-time-next-year-11694969169602.html

#MintCharts | #Cyberattacks have seen an alarming rise in India. Between 2020 and 2022, India averaged 1.3 million #cybersecurity incidents a year, according to data presented in Parliament earlier this year, based on incidents reported to or tracked by the Indian Computer Emergency Response Team (CERT-In), a government nodal agency.

#Biocon has appointed its Board of Director member, Peter Bains, as its new group Chief Executive Officer.

To takeover the position, Peter Bains, stepped down from his role as non-executive independent director from the Board of Biocon with with immediate effect.

Read more: https://www.livemint.com/companies/people/biocon-ropes-in-peter-bains-as-group-ceo-kiran-mazumdar-shaw-11695044341523.html

Bringing relief to companies, the government has extended the due date for filing #incometaxreturns by companies by one month till November 30.

Other than this, the due date for furnishing audit reports by companies who need to get their accounts audited has been extended by one month till October 31.


Read more: https://www.livemint.com/news/india/government-extends-due-date-for-filing-itr-by-firms-till-november-30-11695052022688.html

#PersonalFinance | #Fintech companies like #NiyoSolutions are offering debit and credit cards in partnership with banks to provide a superior online banking experience.

Read more: https://www.livemint.com/money/personal-finance/why-fintech-companies-want-you-to-opt-for-their-debit-and-credit-cards-a-superior-online-banking-experience-11695057466355.html

#BreakingNews | Hours after Canada expelled a top Indian diplomat over Khalistani terrorist #HardeepSinghNijjar's killing, India asked a senior Canadian diplomat ordered to leave the country, said the Ministry of External Affairs.

Read more: https://www.livemint.com/news/india/in-a-tit-for-tat-india-expels-canadian-diplomat-details-here-11695100633090.html

#PersonalFinance | A house is probably the biggest spend for most Indians. And with urban population increasing manifold, buying a house in a large city, which is where most jobs are likely to be, has become difficult - the main obstacle being cost. Determining a property's value is difficult.

Our compilation of property prices of prominent localities in major cities & surrounding areas across India may help you compare & make an informed decision.

#DataRewind is an occasional Plain Facts feature that brings you interesting statistics and charts from the yesteryears.

The mail delivery system in 1865 British India was nothing like today. The long-distance postal system was heavily reliant on waterways & "runners". Nearly 80% of all distance covered to deliver mail was via sea, rivers, or mail runners, archival data showed.

To provide last-mile internet connectivity to every India, #RelianceJio today launched its #JioAirFiber services.

In its initial stage, the service will be live in 8 cities including Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Mumbai & Pune

Read more: https://www.livemint.com/companies/news/reliance-jio-launches-jio-airfiber-know-its-features-prices-other-details-ganesh-chaturthi-11695113753780.html

Today's Google Doodle honours German author Hedwig Dohm on her 192nd birthday. She was a pioneering feminist and a strong advocate for gender equality.

https://www.livemint.com/news/google-doodle-honours-german-author-feminist-gender-equality-advocate-hedwig-dohm-on-her-192nd-birthday-11695170505253.html

#MintCharts | Frosty diplomatic relations between India and Canada are in the news after Canadian Prime Minister Justin Trudeau said there are “credible allegations of a potential link” between Indian government agents and the killing of Khalistani leader #HardeepSinghNijjar in June this year.

While the impact of these allegations on trade and investment ties remains to be seen, a look at the data shows that India’s dependence on Canada for trade has been on a decline. The trade between the two countries has not seen a major increase in the last two decades. Canada’s share in India’s total trade stood at a mere 0.7% in 2022-23.

#Neuralink, a brain-chip startup founded by billionaire entrepreneur #ElonMusk, has obtained permission to kick off its first human trial.

The focus of the clinical study will be on patients suffering from paralysis caused by cervical spinal cord injuries or amyotrophic lateral sclerosis (ALS).

Read here: https://www.livemint.com/science/news/elon-musk-s-company-neuralink-gets-permission-to-implant-brain-chips-in-humans-see-details-of-clinical-trial-11695172508500.html