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

#MintCharts | A year has passed since the #5G technology was rolled out commercially in India.

5G users in India are actively engaging with apps such as enhanced streaming video, HD video calling, mobile gaming, AR & more, according to a recent report by Ericsson ConsumerLab.

The share is higher than early-adopters in other prominent 5G markets.

#PersonalFinance | You can also invest in international #ETFs tracking US Treasuries through domestic brokers with international partners or international brokers with domestic presence. Although you can access a decent universe of bond ETFs on these platforms, US treasuries and US agency bonds are of major interest - ✍writes Akshat Rohatgi



Read more: https://www.livemint.com/money/personal-finance/investing-in-us-treasuries-a-powerful-avenue-for-indian-investors-to-diversify-and-manage-risks-11697040218306.html#:~:text=US%20bond%20ETFs,bonds%20are%20of%20major%20interest

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

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#Infosys reported a mere 3.2% year-on-year rise in its consolidated net profit for the fiscal's second quarter ended September (#Q2FY24) to ₹6,212 crore.

Infosys had reported a profit of ₹6,021 crore in the year-ago period. Sequentially, the consolidated net profit was up 4.5%. Infosys shares ended at ₹1,464.55 apiece, down nearly 2% on BSE.

Read here: https://www.read.ht/Q9SV

The Reserve Bank of India imposed a monetary penalty of ₹5.39 crore on #Paytm Payments Bank on Thursday.

The fine was imposed on the non-compliance of certain provisions of guidelines related to KYC, cybersecurity, etc.

Read here: https://read.ht/Q9UC

The industrial output rose in August as the Index of Industrial Production (#IIP) increased by 10.3%, showed the official data released by the National Statistical Office (NSO) on Thursday.

In August 2022, the IIP had contracted by 0.7%. The manufacturing sector's output increased by 9.3% in August 2023.

Read here: https://www.livemint.com/industry/manufacturing/factory-output-iip-rises-by-10-3-in-august-11697111376933.html

#HCLTechnologies announced its July-September quarter results for fiscal 2023-24 (Q2FY24), reporting a rise of 9.8% in its consolidated net profit at ₹3,832 crore, compared to ₹3,489 crore in the corresponding period last year.

Read here: https://www.read.ht/Q9XL

Two months after elevating to its 15-months peak level, India's retail inflation cooled down further in the month of September.

Its #Retailinflation, aka #CPI, eased to a three-month low in September on the back of softer vegetable prices. Moreover, the inflation came below RBI's upper tolerance band of 2%-6%.

Read here: https://www.read.ht/Q9Xw