#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

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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

#MintCharts | #Retailinflation eased to a three-month low of 5.02% in September, according to government data. The inflation has come back to the #RBI's comfort level of below 6% after a gap of two months.

#PersonalFinance | #Tax benefit is another reason why people prefer real estate. If you buy a property with a housing loan, you get tax benefit under section 80-C of the Income Tax Act on the principal amount, paid in #EMIs in a financial year. Section 24b allows deduction of interest thus paid - ✍writes Aprajita Sharma

Read more: https://www.livemint.com/money/personal-finance/why-some-millennials-believe-property-investment-is-hot-11697115484067.html#:~:text=Tax%20benefit%20is%20another%20reason,deduction%20of%20interest%20thus%20paid

#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 & travel aggregators.

#Exports in September decline to USD 34.47 bn as against USD 35.39 bn in September 2022, says the government data.

September exports down 2.6% at $34.5 bn vs $35.4 bn (YoY), imports fall 15% YoY

Read more: https://www.livemint.com/economy/indian-exports-decline-by-2-6-pc-yoy-to-35-39-billion-in-september-11697186218601.html

While India's overall macroeconomic environment is “sound", the country needs structural reforms that could further aid the business environment, a top official of the IMF said, while briefing reporters at the sidelines of #IMF-World Bank annual meeting in Marrakech, Morocco on October 14.

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

#BreakingNews | #Earthquake tremors felt in #Delhi today.

Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief told Reuters.

https://www.livemint.com/auto-news/ferrai-allows-crypto-payments-for-luxurious-sports-cars-11697335955645.html

Fast food giant #McDonald's drew criticism from several quarters on social media, after its branch in Israel announced that free food parcels would be provided to soldiers of the Israeli Democratic Forces (IDF) amidst the ongoing offensive in Gaza.

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