#PersonalFinance | Securitization helps reduce default risk on loans by repackaging them into securities. They are complex instruments meant for sophisticated investors.

Read here: https://www.livemint.com/money/personal-finance/securitization-and-pass-through-certificates-reducing-risk-in-loan-investments-for-individual-investors-in-india-11695143737272.html#:~:text=It%20is%20considered%20risky%20because,offering%20them%20to%20individual%20investors.

#PersonalFinance | Bank fixed deposits (#FDs) continue to be popular investment products not just among senior citizens, who are looking for guaranteed income, but also among investors who can't stomach risk.

Here is a list of banks that offer the highest FD rates for deposits up to Rs 1 crore over various tenures.

Delhi High Court on 20 September restrained unauthorized use of actor #AnilKapoor's name, image, voice for commercial purposes.

As per the Delhi court order, using his name, voice and image in an illegal manner, that too for commercial purposes cannot be permitted.

Read here: https://www.livemint.com/news/india/anil-kapoor-moves-delhi-hc-seeking-protection-of-his-name-voice-signature-image-11695187654065.html

In a top-deck change, edtech company #Byju’s has appointed Arjun Mohan as its India chief executive, replacing Mrinal Mohit.

Mohit is leaving after spending nearly 10 years at the company. He was a close lieutenant of founder Byju Raveendran.

Read more: https://www.livemint.com/companies/news/byjus-indias-mrinal-mohit-steps-down-arjun-mohan-to-succeed-as-ceo-report-11695207472135.html

#IndiaCanadaRow | India has issued an advisory for Indian nationals in Canada, urging them to exercise caution due to concerns about anti-India activities and hate crimes.

Read more: https://www.livemint.com/news/india/india-issues-advisory-for-indian-nationals-and-students-in-canada-11695200840433.html?fbclid=IwAR0cvxDZamjZRx3-8Sj_4QIsBZtasXekFnDvM-sD2JOJbvl7-1CjRf-Orhw

A week after announcing a collaboration with billionaire #RelianceIndustries & #TataGroup, US-based chipmaker #NVIDIA is all set to collaborate with IT major #Infosys.

NVIDIA is planning to help enterprises drive productivity gains with generative AI applications and solutions with this latest collaboration.

Read more: https://www.livemint.com/companies/news/after-reliance-and-tata-group-nvidia-to-collaborate-with-infosys-to-help-firms-with-generative-ai-11695211147675.html

India Ratings and Research has revised India's #GDP growth estimate for FY24 to 6.2% from 5.9% projected earlier, citing sustained government capex, deleveraged balance sheet of corporates and banking sector, and the prospect of a new private corporate capex cycle.

Read more: https://www.livemint.com/economy/india-ratings-revises-indias-fy24-gdp-growth-estimates-to-62-11695214209374.html

The Lok Sabha passed the #WomensReservationBill with 454 votes today.

The Nari Shakti Vandan Adhiniyam will grant 33% seats to women in the Lower House of Parliament as well as state legislative assemblies.

Implementation of the proposed law can however take several more years – a fact that was vehemently underscored by Opposition leaders.

Read more: https://www.livemint.com/politics/news/centre-opposition-come-together-to-pass-womens-reservation-bill-with-454-votes-in-lok-sabha-11695219571994.html

Amid the speedy economic growth of India, the #unemployment rate among graduates under 25 years of age touched a huge 42% post-Covid, compared to higher secondary (21.4%), secondary (18.1%), middle (15% & others, according to a report published by Azim Premji University.

Read here: https://www.livemint.com/economy/over-40-indian-graduates-under-25-years-remain-unemployed-report-11695202455628.html

#PersonalFinance | Direct mutual fund apps require users to open a demat account, leading to concerns of cross-selling other financial products to generate revenue.

Read here: https://www.livemint.com/money/personal-finance/babu-lal-s-frustration-the-complicated-process-of-opening-a-mutual-fund-investing-account-with-fintech-apps-11695228535061.html

#PersonalFinance | We have hand-picked 20 #mutualfunds for your portfolio that have jumped through hoops of good returns, low risk, good portfolio hygiene & our own qualitative research.

We have restricted the choice universe to 10 categories out of the total 37 & given you at least two options to pick from each.

Indian American entrepreneur #VivekRamaswamy is now the most popular Republican Presidential candidate after former US President #DonaldTrump, a CNN poll showed.

Read here: https://www.livemint.com/news/world/vivek-ramaswamy-most-favoured-republican-presidential-candidate-after-donald-trump-new-poll-shows-ron-de-santis-11695263037265.html

Congress leader #RahulGandhi doned a different avatar to meet railway porters at Anand Vihar ISBT in Delhi on Thursday.

While discussing their trials and tribulations, Congress leader wore porter dress and badge.

Read here: https://www.livemint.com/news/india/rahul-gandhi-dons-coolie-attire-to-meet-railway-porters-at-anand-vihar-isbt-in-delhi-watch-11695271856974.html

India suspended visa services in #Canada citing ‘operational reasons’.

The move comes amid the tension between India and Canada over the killing of Khalistani terrorist #HardeepSinghNijjar. #CanadaNews

Read here: https://www.livemint.com/news/world/india-suspends-visa-services-in-canada-citing-operational-reasons-11695276548653.html

#Awfis Space Solutions Pvt. Ltd. was founded in April, 2015 by Amit Ramani and over the last few years, the company has evolved from being a coworking network to a fully tech-enabled workspace solutions platform.

Read here: https://www.livemint.com/market/ipo/coworking-space-startup-awfis-plans-to-launch-ipo-in-2024-shortlists-3-investment-banks-report-11695272257359.html

#DGCA has suspended #AirIndia's Chief of Flight safety for a period of one month for a period of one month.

The decision was taken after DGCA carried out the surveillance of Air India on 25th and 26th July 2023 in areas of internal audit, accident prevention work and availability of required technical man power.

Read here: https://www.livemint.com/technology/tech-news/dgca-suspends-air-india-flight-safety-chief-for-one-month-heres-why-11695277960195.html

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#Wipro has appointed Aparna Iyer as its new chief financial officer with immediate effect, replacing Jatin Dalal who has resigned from the post.

Read more: https://www.livemint.com/companies/people/wipro-appoints-aparna-iyer-as-cfo-jatin-pravinchandra-dalal-steps-down-11695300432878.html

Media mogul #RupertMurdoch is stepping down at Fox and News Corp, after over seven decades that revolutionized news and entertainment industry and will now serve as Chairman Emeritus.

His eldest son, Lachlan Murdoch, who has served as co-chair of News Corp, will take over as the next chairman of the companies.

Read more: https://www.livemint.com/companies/news/media-mogul-rupert-murdoch-steps-down-as-fox-news-corp-chair-after-seven-decade-stint-11695306821221.html

#MintCharts | The diplomatic tensions between New Delhi & Ottawa heightened on Thursday as India suspended the issue of #visas to citizens of Canada “till further notice”.

The recent souring of ties has centred around India’s allegations of pro-Khalistan activities in Canada, and the latter’s repeated assertion that it values freedom of expression.

Indians are the largest foreign diaspora in Canada, as per official data.

#Nirma has agreed to buy 75% of #GlenmarkLifeSciences for ₹5,651.5 crore in a deal that values the latter at ₹7,535.4 crore.

Mint reported first on 15 August that the cement-to-detergent maker was the sole bidder for the stake put on the block by parent Glenmark Pharmaceuticals, which is selling shares to Nirma at ₹615 apiece.

Read more: https://www.livemint.com/companies/news/nirma-to-buy-glenmark-life-sciences-for-5-651-cr-11695321451422.html