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

#MintCharts | Hamas’s unprecedented surprise attack on #Israel has brought into focus the possible impact of a full-blown war in the region on India’s trade.

The trade ties between India and Israel have risen steadily, with a spike last year when Israel became India's fourth-largest destination of #petroleum products exports.

In 2022-23, India's exports of petroleum products to Israel jumped 3.5 times to $5.5 billion, against $1.6 billion in the previous year. This increased India’s exports by 77% compared to the previous year.

#PersonalFinance | Building a portfolio is a complex exercise, and it has to be maintained too. A person's portfolio holds different types of assets based on her financial goals, and each asset class gives different types of returns, which is why a portfolio must have an ideal mix of financial products. One must also keep in mind the volatility risk of the asset class, liquidity, lock-in rules and taxation.

Here's a look at how four commonly used asset types - equity, cash, gold & fixed income - have done in different periods.

#PersonalFinance | The reason for Porinju Veliyath’s confidence in the small-caps stems from, what he says, abundant value opportunities in the space. He believes that growth is imperative and not a choice for small companies. He also avers that it is among these small companies that one can find the multi-baggers. Among his small-cap picks, Hindware Homes, Tata Elxsi, CDSL, PDS, Raymond, Gati, and West Coast have proved to be multi-baggers.

Read more: https://www.livemint.com/money/personal-finance/porinju-veliyath-the-guru-investor-betting-big-on-small-cap-stocks-11696878656739.html#:~:text=The%20reason%20for%20Veliyath's%20confidence,can%20find%20the%20multi%2Dbaggers

#WhatsApp is reportedly planning to roll out a custom password feature for protected chat folders, enhancing security.

Users can enter this code in the search bar to access locked chats & configure it for companion devices, suggests a report from WABetaInfo

Read more: https://www.livemint.com/technology/tech-news/whatsapp-might-enhance-security-with-custom-passwords-for-protected-chat-folders-soon-report-11696914814318.html

#MukeshAmbani, chairman of #RelianceIndustries, has reclaimed the title of the richest Indian, surpassing #AdaniGroup chairman #GautamAdani, who experienced a substantial decline in wealth due to the Hindenburg Research report, as per #HurunIndiaRichList2023

Read more: https://www.livemint.com/companies/mukesh-ambani-now-richest-indian-on-hurun-list-beats-gautam-adani-to-top-spot-11696925482954.html

Prime Minister Narendra Modi interacted with his Israeli counterpart & reiterated support for the other country. War broke out last week in the region following a surprise attack from #Hamas extremists.

Fighting over the past four days has claimed nearly 2,000 lives and injured thousands of others.

Read here: https://www.read.ht/Q8Js

India's economic growth forecast for the current fiscal year has been raised to 6.3% from 6.1% earlier, the International Monetary Fund (#IMF) said in its October 2023 World Economic Outlook (WEO) report.

The global lender expects retail inflation in the country to rise to 5.5% in fiscal 2023-24 before easing to 4.6% in 2024-25.

Read here: https://www.read.ht/Q8MB

#MukeshAmbani has reclaimed the title of the richest Indian, surpassing #GautamAdani, as per Hurun India Rich List 2023.

During this period, Mukesh Ambani's wealth has surged from ₹165,100 crore in 2014 to nearly ₹808,700 crore, marking an impressive four-fold increase.

Read here: https://www.read.ht/Q8I4

Gross #tax collections up 17.95% at ₹11.07 lakh crore so far in FY24: CBDT

Read here: https://www.read.ht/Q8Nv

Around 82% of young Indians believe their parents would be supportive if they end up requiring therapy to cope with #mentalhealth issues, according to a survey conducted by NielsenIQ.

The study noticed a trend which indicates that millennials or those born in the period from 1980-1994 are more vulnerable to mood swings, as compared to GenZ – the term attached to individuals born between 1997 and 2012. #MentalHealthDay

Read here: https://read.ht/Q8OX

#MintCharts | When #ClaudiaGoldin, an economic historian & professor at Harvard University, bagged this year’s #NobelPrize in economics, she was one of few women to bag this prestigious honour.

Just 65 out of the 1,000 laureates so far have been women. They have won the highest number of Nobel prizes for peace (19) followed by literature (17). Economics has had the fewest woman winners: three.

#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.

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

In the 1950s, many rural Indians were entering the workforce at a very early age, and were also staying in the workforce until much longer than those in towns and cities, show the data from the 16th round of the National Sample Survey.

#PersonalFinance | Buy now, pay later is a concept pioneered by e-commerce platforms like Amazon and Flipkart in recent years to attract more consumers.
Through this facility, investors can put up a small upfront amount called an ‘initial margin’ and take exposure worth multiples of that amount.

Read more: https://www.livemint.com/money/personal-finance/buy-now-pay-later-understanding-the-risks-and-advantages-of-margin-trading-for-retail-equity-investors-11696968205126.html#:~:text=Through%20this%20facility%2C%20investors%20can,say%2C%20Maruti%20Suzuki%20India%20Ltd

Tata Consultancy Services (#TCS) Ltd reported an 8.7% year-on-year rise in its consolidated net profit for the fiscal's second quarter ended September (Q2FY24) to ₹11,342 crore.

The company had reported a profit of ₹10,431 crore in the year-ago period. Sequentially, the consolidated net profit was up 2.4%.

Read here: https://www.read.ht/Q8mU

The demand for oil products in India grew 6.7% year-on-year and 1.5% sequentially in September on the back of healthy auto sales and factory activities, according to a report by S&P Global Commodity Insights.

Read here: https://www.livemint.com/industry/energy/india-september-oil-product-demand-up-1-5-sequentially-report-11697016527548.html

The global economy is "getting weaker", and there are only a “few bright spots such as the United States and #India", said Indermit Gill, the chief economist of World Bank.

Read here: https://www.read.ht/Q8rl