#MintCharts | SME IPOs are on fire. They have particularly seen scorching interest and gains in the past two years.

Between September 2013 and September 2021, the BSE IPO index and the BSE SME #IPO index largely mirrored each other. But since then, the latter has broken away.

The #WorldBank has cut its growth estimates for developing countries in East Asia and Pacific as the region remains under stress of tighter finances and a weak global environment.

Read here: https://www.livemint.com/economy/world-bank-cuts-growth-estimates-for-east-asia-to-5-in-2023-slashes-china-s-2024-gdp-growth-amid-property-crisis-11696219143134.html

#PersonalFinance | Ahead of Word Financial Planning Day, which falls on 4 Oct this year, Mint spoke with a Bengaluru-based family about their decision to opt for a financial planner and how their 10-year financial plan helped them achieve their goals.

Read here: https://www.livemint.com/money/personal-finance/how-this-it-couple-tackled-a-crisis-on-their-path-to-financial-security-11696176148651.html#:~:text=Navlakhi%20also%20asked%20Sreekumar%20to,in%20case%20of%20a%20shortfall.

#MarutiSuzuki India, the largest passenger car manufacturer in the country, reported its highest ever monthly sales in September 2023.

The company’s total wholesales last month increased 2.8% year-on-year (YoY) to 181,343 units from 176,306 units dispatched to dealers in the same month last year.

Read here: https://livemint.com/companies/news/maruti-suzuki-posts-highest-ever-monthly-sales-in-september-hits-1-million-mark-in-h1fy24-11696228808413.html

The 2023 Nobel Prize in Physiology or Medicine has been awarded to #KatalinKarikó of Hungary and #DrewWeissman of the United States for their discoveries concerning nucleoside base modifications that enabled the development of effective mRNA vaccines against COVID-19.

Read here: https://www.livemint.com/news/world/nobel-prize-in-physiology-or-medicine-2023-katalin-kariko-and-drew-weissman-for-enabling-development-of-mrna-vaccines-11696239148862.html

#MintMacroTracker | Launched in October 2018, Mint’s macro tracker provides a monthly comprehensive report on the state of the economy, based on trends in 16 high-frequency indicators.

Here’s a glimpse of how each indicator fared.

Amid cash crunch in the hyper local delivery platform, #Dunzo, its co-founder Dalvir Suri will step down from his position.

In addition to this, the Reliance Industries-backed startup will also undergo an organisation-wide restructuring from this quarter.

Read here: https://www.livemint.com/companies/people/dunzo-co-founder-dalvir-suri-steps-down-company-to-undergo-organisation-wide-restructuring-11696236150469.html

#VIP Inds promoters explore stake sale | Viatris sells 2 units in #India for $1.2 bn | Rocky #rupee drives NSE volumes to record high

Read today's Mint e-paper here: https://epaper.livemint.com

#MintCharts | New #investment proposals continued to fall precipitously in the September-ended quarter, both on a sequential and a year-on-year basis, new data from Centre for Monitoring Indian Economy (CMIE) showed.

₹1.2 trillion worth of projects were announced by companies during the July-September period, compared to ₹6.6 trillion in the preceding quarter.

#India has told #Canada to withdraw dozens of diplomatic staff amid heightened tensions between the two nations over the killing of Khalistani terrorist #HardeepSinghNijjar, according to a report published by Financial Times. #CanadaIndiaRelations

Read here: https://www.livemint.com/news/india/india-tells-canada-to-withdraw-dozens-of-diplomats-amid-nijjar-killing-row-report-11696304204991.html

#PersonalFinance | There are very few retirement products that help you accumulate a retirement nest egg and one such product is the National Pension Scheme (NPS).

Here is the breakdown of the performance of different funds--equity funds, government bond funds, and corporate bond funds--of the private sector NPS.

Read here: https://www.livemint.com/money/personal-finance/check-how-your-nps-investments-are-faring-11696307716399.html

#Meta could start charging users its European users around $14 per month for an ad-free subscription to #Instagram and #Facebook.

The report notes that Meta officials have shared the plan privacy regulators in Ireland, digital competition regulators in Brussels along with EU privacy regulators.

Read here: https://www.livemint.com/technology/tech-news/meta-plans-to-start-charging-14-month-for-ad-free-instagram-and-facebook-report-11696303809032.html

#BreakingNews | #WorldBank forecasts India's #GDP growth for FY23-24 at 6.3% despite global headwinds.

The World Bank also projected that India's service sector activity will remain strong with growth of 7.4%, and added that investment growth will remain robust at 8.9%.

Read here: https://www.livemint.com/economy/world-bank-forecasts-indias-gdp-growth-for-fy23-24-at-63-11696315114740.html

JUST IN | India's factory activity expanded at the slowest pace in five months in Sept but remained solid, with strong demand driving business confidence to its highest level this year.

The Manufacturing Purchasing Managers' Index (#PMI), compiled by S&P Global, fell to 57.5 last month from 58.6 in August.

Read here: https://www.livemint.com/economy/indias-manufacturing-pmi-slows-marginally-to-57-5-in-september-11696315193879.html

#Microsoft CEO #SatyaNadella testified at the #Google antitrust trial being held at a Washington DC courtroom on Monday.

During his testimony, Nadella blamed Google for using unfair trade practices to thwart smaller rivals by making deals with smartphone manufacturers.

Read here: https://www.livemint.com/technology/tech-news/satya-nadellas-scathing-statement-at-google-antitrust-trial-do-you-think-google-will-pay-apple-if-11696313311437.html

As many as 31 million users in India are expected to upgrade to #5G phones in 2023, amid an accelerated adoption of the ultra high-speed services in the country, according to a report by Ericsson.

Read here: https://www.livemint.com/technology/tech-news/31-million-indian-users-likely-to-upgrade-to-5g-smartphones-in-2023-survey-shows-11696317969809.html

#BreakingNews | Massive #earthquake tremors felt in #Delhi-NCR.

According to the National Center for Seismology the magnitude of the earthquake was 4.6 which occurred on 03-10-2023, at 14:25:52 IST, Lat: 29.37 & Long: 81.22, Depth: 10 Km, Location: Nepal.

For more updates: https://www.livemint.com/news/india/massive-earthquake-tremors-felt-in-delhincr-11696325076503.html

India has beaten developed countries like the UK & Japan in mobile speed, according to Ookla.

India's speed performance has zoomed up 3.59 times with the launch of #5G services.

The 5G has turbocharged mobile download speeds, pushing India's ranking 72 notches higher to the 47th spot in Speedtest Global Index, ahead of nations like Japan, the UK, and Brazil.

Read more: https://www.livemint.com/industry/telecom/india-surpasses-japan-and-uk-in-global-mobile-speed-ranking-11696321260486.html

Founder and editor-in-chief of #NewsClick #PrabirPurkayastha has been arrested under anti-terror law, Unlawful Activities (Prevention) Act.

Read more: https://www.livemint.com/news/india/newsclick-raids-editor-in-chief-and-founder-prabir-purkayastha-arrested-11696345235385.html

#Vedanta Resources nears $3 billion refinancing deal | ‘India needs more women workers to be a $5 tn economy’ | Sebi’s #finfluencer rules to hurt foreign brokers

Read today's Mint e-paper here: https://epaper.livemint.com

#MintCharts | With just a 1.7% gain during the last three months, the benchmark BSE #Sensex has just returned its worst September-ended quarter in four years.

A similar story played out for the #BSE500, BSE AllCap and the BSE LargeCap indices, even as the mid-cap and small-cap indices remained unscathed.