#SoftBank's venture capital fund SVF Growth, Singapore, will sell a 1.1% stake in Indian food delivery firm #Zomato for 10.24 billion rupees ($123.24 million).

SVF Growth will sell the stake at an offer price of 109.4 rupees to 111.65 rupees per share, at a 2% discount to its current market price at the lower end, reports.

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

#ITC Q2 result: FMCG major reported a 10% YoY rise in its standalone net profit to ₹4927 crore in September quarter of FY24.

The company's revenue from operations stood at ₹17705.08 crore against ₹17159.56 crore a year ago period. Company shares closed 0.28% lower at ₹450.30 per share on BSE on Thursday.

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

#MintCharts | India Inc still has miles to go to achieve better women's representation in their workforce.

While #Google women's representation is relatively better in information technology (35%) & financial services (23%), construction, auto, power, agriculture, among others, have less than 10% share.

#ElonMusk’s fortune slumped by $16.7 billion Thursday after #Tesla Inc.’s weak third-quarter earnings weighed on shares.

Musk, who is the richest person on the planet with a fortune of $209 billion, owns 13% of Tesla and derives the majority of his wealth from the auto company. Tesla’s shares fell by 9.3% after it missed both earnings and sales expectations for the quarter.

Read here: https://www.read.ht/Qg8R

Meta-owned #WhatsApp is reportedly planning to introduce a feature that enables users on both iOS and Android to designate voice notes as 'view once,' similar to the existing feature for other types of media.

This feature is presently undergoing beta testing and is expected to be available to the broader user base in the near future.

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

Prime Minister Narendra Modi inaugurated the priority section of the Delhi-Ghaziabad-Meerut #RRTS Corridor at Sahibabad RapidX Station, Uttar Pradesh on 20 October.

The train will be available for passenger operations from 21 October. Of the 82.15 km RRTS train, the 17-km priority section between Sahibabad and Duhai Depot will be inaugurated for public use.

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

#PersonalFinance | Even as insurance policies do help alleviate financial hardships, beneficiaries of insurance policies face several other problems, including with filing claims.

More importantly, a lot of people are unsure of what to do with the proceeds once it is credited into their bank accounts.

Read here: https://www.read.ht/Qgc4

#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.

Global brokerage #MorganStanley has advised investors against buying the dip in Chinese stocks, a recent report by Bloomberg stated.

As per the report, the brokerage has warned that foreign funds may keep selling unless there is further policy easing and sentiment is likely to remain fragile.

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

Billionaire Gautam Adani-controlled #AdaniGroup is closing in on a $3.5 billion loan to refinance existing debt that was taken out to fund the purchase of Ambuja Cements Ltd., in what would be the latest sign of confidence among creditors in the conglomerate.

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

Digital payments firm #Paytm recorded a consolidate revenue from operations of ₹2,519 crore in #Q2FY24, marking a growth of 32% as compared to ₹1,914 crore reported in the year-ago period.

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

Industrial and warehousing demand in India's top five commercial cities dropped to 6.2 million square feet in Q3 or the July-September period of 2023, as per a report released by real estate consultancy group Colliers India on October 20.

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

ISRO has successfully launched the TV-D1 test vehicle in 2nd attempt at 10 am from Sriharikota at 10 am today. #GaganyaanMission

Catch LIVE updates: https://www.read.ht/Qh7B

#NewDelhi tops the list with an #AQI of 362, closely followed by Meerut at 358 and Hapur at 344.

Muzaffarnagar, Bulandshahr, and Faridabad also contend with extremely poor air quality, with AQI values of 326, 320, and 319, respectively.

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

The Wall Street major #MorganStanley on 20 October upgraded India to "standout overweight", citing the relative economic & earnings growth is improving and the macro-stability setup looks sufficient to withstand the higher real rate environment., reported news agency PTI.

Read here: https://www.read.ht/Qh5Q

RBI has given its nod for the appointment of industry veteran #AshokVaswani as the next CEO of Kotak Mahindra Bank, the private's lender founder and director Uday Kotak said on October 21.

Read here: https://www.livemint.com/companies/rbi-gives-nod-for-ashok-vaswani-as-next-ceo-of-kotak-mahindra-bank-11697882082258.html

England World Cup winner and Manchester United great #BobbyCharlton died at the age of 86, news agency AFP quoted a statement on behalf of the Charlton family as saying.

"It is with great sadness that we share the news that Sir Bobby passed peacefully in the early hours of Saturday morning. He was surrounded by his family," AFP quoted a statement on behalf of the Charlton family.

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

#India has sent humanitarian aid to war-torn #Palestine.

An IAF C-17 flight carrying around 6.5 tonnes of medical aid and 32 tonnes of disaster relief material for the people of Palestine on Sunday departed for Ei-Arish airport in Egypt.

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

#MintCharts | A new report on “city systems” by Janaagraha, a Bengaluru-based non-profit, has shed light on the systemic gaps in India’s urban governance that make reforms sluggish and quality of life substandard.

One of the issues it raises is that of staffing: Indian cities run on staffing that's way less than global ones.

The #Maharashtra government has raised the Value Added Tax (VAT) on liquor served in various establishments, causing a slight increase in prices, as per reports.

Specifically, the VAT for permit room liquor service has been hiked by 5%, resulting in a new total rate of 10%, as per a GR issued on October 20, it added.

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

According to estimates from the industry, after the introduction of the #VandeBharat train, there has been a sharp decline of 10–20% in air traffic and a reduction of 20–30% in airfare, said Shivraj Manaspure, chief PRO of Central Railway.

Read here: https://www.read.ht/Qk4w