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.

#Dunzo, the quick commerce #startup, will seek a final board approval to raise up to $35 million through a rights issue at a reduced valuation, a report said.

The funding will slash the valuation of the beleaguered startup to about $200 million, which is just one fourth of its peak value of $800 million.

Read here: https://www.livemint.com/companies/start-ups/dunzo-seeks-to-raise-35-million-in-rights-issue-at-a-slashed-valuation-of-200-million-report-11696390047940.html

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

The Delhi Police has also sealed the office of NewsClick in connection with its probe into a case filed under the anti-terror law UAPA following allegations that it received money for pro-China propaganda.

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

#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 risks.

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

#Delhi's air quality index (#AQI) improved to 133, below the threshold of 201 as the Kejriwal government launched the ‘Green War Room’ in the national capital to curb the persisting problem of air pollution in the city.

The city also had satisfactory air quality on Tuesday, that is, 155.

Read here: https://www.livemint.com/news/india/delhis-aqi-below-200-as-green-war-room-strategy-kicks-in-11696387629378.html

#PersonalFinance | A Reit is a trust that owns a pool of income-generating real estate assets held as special purpose vehicles (SPVs).

To be sure, at least 80% of these assets must be completed and income-producing.

Read here: https://www.livemint.com/money/will-return-to-office-give-a-new-lease-of-life-to-reits-11696352582979.html#:~:text=There%20has%20been%20a%20resurgence,work%20from%20home%20amid%20lockdowns.

The forthcoming ICC Men's #CricketWorldCup, set to commence in India on October 5, is predicted to generate a staggering sponsorship revenue of up to $150 million (over ₹1,248 crore), as per reports.

The International Cricket Council (ICC), the global governing entity for cricket, has amassed a portfolio of 20 sponsors and partners for the mega event, as per the publication.

Read here: https://www.livemint.com/sports/cricket-news/icc-world-cup-2023-in-india-to-generate-rs-1-248-crore-in-sponsorship-deals-report-11696396491584.html