#MintCharts | India’s services sector put up a strong show in September. The S&P Global India services Purchasing Managers’ Index (#PMI) stood at 61 last month, up from 60.1 in August. On the other hand, manufacturing activity grew at the slowest pace in five months.

#RBI maintains status quo, keeps #reporate constant at 6.5%

The decision is in-line with expectations of market analysts and economists who widely expect the central bank to keep rates unchanged on India's easing inflation print and maintain its hawkish policy stance.

#RBIMPC #RBIPolicy

Read: https://www.livemint.com/industry/banking/rbi-monetary-policy-committee-meeting-repo-rate-unchanged-at-65-11696565899535.html

#PersonalFinance | Parents in India are starting to plan for their children's future right after childbirth, opening bank accounts and making investments in their names.

If the investment is in a child’s name, parents will hesitate to withdraw it. Capital gains are taxed in the child’s name if the investments are redeemed after they turn 18. It helps parents reduce their tax outgo on long-term investments.

(By Aprajita Sharma)

Read more: https://www.livemint.com/money/personal-finance/start-planning-for-your-children-s-future-investments-tax-benefits-and-more-11696534535835.html#:~:text=But%20if%20the%20investment%20is,on%20long%2Dterm%20investments.%22

#PersonalFinance | Whether you are planning overseas travel or want to send money abroad, it is always a good idea to shop around for the best #forex exchange rate.

Here is a list of INR to USD forex rates offered by some of the major banks and travel aggregators.

The Norwegian Nobel Committee has decided to award the 2023 #NobelPeacePrize to #NargesMohammadi for her “fight against the oppression of women in Iran and her fight to promote human rights and freedom for all".

Read more: https://www.livemint.com/news/nobel-peace-prize-awarded-to-narges-mohammadi-for-fight-against-oppression-of-women-in-iran-11696583080380.html

#RelianceRetail has announced that the Abu Dhabi Investment Authority (#ADIA) will make an additional investment of ₹4,966.80 crore in Reliance Industries's retail division, building upon their initial acquisition of a 1.18% stake in the company in October 2020

Read more: https://www.livemint.com/companies/news/adia-doubles-down-on-reliance-retail-invests-4-967-cr-more-11696616310001.html

#RelianceRetail Ventures Limited (#RRVL) announced on Friday, October 6, that a wholly owned subsidiary of the Abu Dhabi Investment Authority (#ADIA) will invest ₹4,966.80 crore into the company.

Read here: https://www.livemint.com/companies/news/adia-to-invest-rs-4-966-8-crore-in-reliance-retail-11696607028236.html

Business reality show Shark Tank India 3 is all set to go live on Sony LIV soon and it has a new entrant as judge -- Zomato founder and CEO Deepinder Goyal.

Goyal will appear alongside seasoned panel members Aman Gupta, Anupam Mittal, Namita Thapar, Vineeta Singh, Amit Jain, and Peyush Bansal, as well as new entrant Ritesh Agarwal, in the latest season.

https://www.read.ht/Q5ai

#Israel's army said it aims to evacuate all Israelis living close to the #GazaStrip within 24 hours as it deployed tens of thousands of soldiers to fight Palestinian militants who had infiltrated into Israel.

Catch LIVE updates: https://www.livemint.com/news/world/israel-palestinian-conflict-live-updates-militants-hamas-rocket-attack-gaza-strip-operation-al-aqsa-flood-jerusalem-11696659203482.html

#AirIndia will suspend the flights operating to and from #TelAviv, the economic hub of #Israel, till at least October 14 amidst the war that has erupted between the country and the Palestinian militant group #Hamas.

Read here: https://www.livemint.com/news/israelhamas-war-air-india-suspends-flights-to-and-from-tel-aviv-till-oct-14-11696754433809.html

A powerful magnitude-6.3 #earthquake followed by strong aftershocks has killed about hundreds of people in the western #Afghanistan, the country's national disaster authority said.

Read here: https://www.livemint.com/news/world/afghanistan-powerful-earthquake-aftershocks-kills-more-than-100-people-top-updates-11696727490936.html

#MintCharts | India conducts the most real-time payments annually, by far, and it’s still rising rapidly, shows data from ACI Worldwide.

Today’s Plain Facts dives into India’s digital payments transformation, led by the Unified Payments Interface (#UPI) that is going places. Do check it out!

Following reported threats to Bollywood superstar #ShahRukhKhan, the Maharashtra government has decided to amplify his security to Y+ level, ANI reported.

Read here: https://www.livemint.com/news/india/shah-rukh-khan-gets-death-threat-after-jawans-success-maharashtra-government-tightens-security-11696821810510.html

The monetary policy committee unanimously agreed to keep policy rates unchanged at 6.5% but said it is “resolved to remain on high alert, given the prevailing environment of elevated global food and energy prices and global financial market volatility".

Along with the policy, it also released its half-yearly monetary policy report, laying out its analysis of the macroeconomic environment. #RBIPolicy

Mint delves into the specifics of the monetary policy report in five charts: https://www.livemint.com/news/india/what-the-rbi-s-monetary-policy-report-says-about-inflation-drivers-in-charts-11696596906730.html

#MarketsWithMint | The #Israel-#Palestine war spooked investors as equity benchmarks #Nifty50 & the #Sensex crashed about a percent each in early deals today.

Nifty 50 fell about 0.80% to the intraday low of 19,511.50 in early trade.

Read here: https://www.livemint.com/market/stock-market-news/nifty-50-sensex-fall-almost-a-per-cent-each-on-the-israel-palestine-war-11696823501485.html

#PersonalFinance | It's tempting to buy a new car, be it an upgrade, a first car or another car for the family. Whatever the reason, a #CarLoan makes the purchase easier.

Car loans 🚗 are usually of three to five years but some lenders may offer loans for up to seven years. A loan for longer may mean smaller EMIs, which makes the car seem more affordable, but overall, you pay more as interest.

Read here: https://www.read.ht/Q7Fz

#PersonalFinance | Groww AMC has launched a first-of-its-kind total market index fund, which will invest in 750 stocks across large-cap, mid-cap, small-cap and micro-cap companies & covering 96% of the market capitalization.

Read here: https://www.read.ht/Q7Hp

The #ElectionCommission of India announced election schedule for five states, #MadhyaPradesh, #Rajasthan, #Telangana, #Mizoram, and #Chhattisgarh.

The elections in Madhya Pradesh, Rajasthan, Telangana, and Mizoram will be held in single phase while polling in Chhattisgarh will be held in two phases. #AssemblyElections2023

Read here: https://www.livemint.com/elections/assembly-elections/ec-announces-assembly-election-schedule-for-madhya-pradesh-rajasthan-telangana-mizoram-chhattisgarh-check-dates-11696831797677.html

JUST IN | The Delhi Police has registered a FIR against Hero MotoCorp’s Executive Chairman #PawanMunjal, as per reports.

At around 12.26 pm, the stock is down 2.75% or 83.50 points to 2954.35 from day's open.

Read here: https://www.read.ht/Q7MQ

#ClaudiaGoldin won the 2023 Nobel economics prize, the Royal Swedish Academy of Sciences said.

The prestigious award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the last of this year's crop of Nobel prizes and is worth 11 million Swedish crowns ($999,137).

Read here: https://www.livemint.com/news/world/claudia-goldin-wins-2023-nobel-economics-prize-11696845254214.html

Riders affiliated with #Swiggy, the Bengaluru-based food delivery aggregator, have launched an "indefinite strike" in #Mumbai, seeking higher payout and improved working conditions, reports said on October 9.

Read here: https://www.livemint.com/news/swiggy-riders-in-mumbai-on-indefinite-strike-seek-higher-pay-reports-11696844087946.html