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TOP NEWS OF THE DAY : 1. India's exports declined by 2.6% to USD 34.47 bn in September this year as against USD 35.39 billion in the same month last year: Govt Data 2. India's imports fell by 15% to USD 53.84 billion as against USD 63.37 billion recorded in September 2022: Govt Data 3. India’s top 3 IT firms TCS, Infosys, HCL see headcount drop by over 16,000 in Q2 FY24: Reports 4. India's forex reserves dropped by a further USD 2.166 billion to USD 584.742 billion for the week ended October 6: RBI 5. Microsoft completes $69 billion Activision purchase, biggest-ever deal in gaming industry: Reports

TOP NEWS OF THE DAY : 1. India's direct tax collections rose 21.82% YoY at ₹9.57 lakh crore in the current fiscal till October 9, 2023: CBDT 2. IMF raises India FY24 GDP growth forecast by 20 basis points to 6.3% from 6.1%: Reports 3. Private equity (PE) investments in India fell 65.4% to USD 1.81 billion in July-September 2023 YoY: Reports 4. Indian inflation seen easing to 5.50% in September on softening food price rises: Poll 5. I-T dept collects over Rs 700 crore in TDS from online gaming, crypto trade: CBDT

TOP NEWS OF THE DAY : 1. Urban unemployment rate dips to 6.6% during April-June 2023: Govt survey 2. E-Scooter makers asked to return $60 million aid for using China parts: Reports 3. The number of demat accounts increased to 12.97 crore in September, a surge of 26% YoY: Depositories data 4. Indian auto sales surge 20% in September reaching 1.89 million units. due to a positive market sentiment and festival season: FADA 5. White-collar hiring sees 8.6% decline in September: Report

TOP NEWS OF THE DAY : 1. FPIs have sold Indian equities worth Rs 8,000 crore in the first week of October shows data. 2. Mobile phone exports from India almost doubled to $ 5.5 billion, about Rs 45,700 crore, till August this FY24: ICEA Report 3. 28 IPOs worth Rs 38,000 crore to hit the street in second half of FY24: SEBI Report 4. India’s fuel consumption, rose by 7.6% year-on-year in September to about 18.18 million tons: Reports 5. Mcap of five of top-10 most valued firms jumps ₹86,234 crore, TCS emerges as biggest gainer shows data.

TOP NEWS OF THE DAY : 1. Services sector in Sept sees strongest output in 13 years, PMI rises to 61 in Sept from 60.1 in Aug: S&P Global Report 2. Tata Group in advanced talks for Temasek’s 20% Tata Play stake at $1 billion Valuation: Reports 3. Reliance Retail Ventures plans another stake sale of $250-300 million: Reports 4. Oyo talking to Apollo for $660 million refinance as IPO delayed: Reports 5. Indian fintechs scooped up $436 million in Q3 CY23, a notable 68% rise compared to $259 million raised in the previous quarter: Tracxn

TOP NEWS OF THE DAY : 1. Funds raised by 31 Indian companies through main board IPOs saw a 26% decline in the H1 FY24 to Rs 26,300 crore from Rs 35,456 crore same period last year: Prime data Report 2. Centre increased the subsidy to Rs 300 per cylinder from Rs 200, paid under the Pradhan Mantri Ujjwala Yojana: Reports 3. Airbnb contributed over $920 mn to India's GDP and supported over 85,000 jobs in the country between April 2022 and March 2023: Report 4. NPCI International Payments Ltd to ink an agreement with Al Etihad Payments to facilitate cross-border transaction: Reports 5. Ahead of the ICC World Cup 2023, Disney Star has roped in a record number of 26 sponsors and 500 advertisers so far: Reports

TOP NEWS OF THE DAY : 1. India's services exports climbed 8.4% YoY to $28.72 billion in August, while imports fell 0.8% to $15.10 billion: RBI Data 2. MPC likely to hold repo rates at 6.50% in October policy: Economists poll 3. India’s growth to moderate to 6.3% in FY24 from 7.2% in FY23 due to global slowdown: World Bank 4. As many as 31 million users in India are expected to upgrade to 5G phones in 2023: Ericsson Survey 5. Men ODI World Cup 2023 Ad revenue to surpass Rs 2,000 crore amid festive cheer: Reports

TOP NEWS OF THE DAY : 1. FPIs have turned net sellers and pulled out of over Rs 14,767 crore from Indian equities in September shows data. 2. M-cap of 5 of 10 valued firms decline by Rs 62,586 cr as Indices ended the week in neagtive shows data. 3. The government's GST collections climbed 10.2% YoY and 2.3% MoM in September to Rs 1.63 lakh crore: Fin Min 4. Afghanistan Embassy is ceasing its operations from October 1, citing a lack of support from the host government: Reports 5. After many hurdles, Byju’s to announce FY22 results in the second week of October: Reports

TOP NEWS OF THE DAY : 1. India's forex reserves declined by $2.3 billion to $590.70 billion as of Sept 22: RBI Report 2. Vedanta to spin off, list six businesses to attract big-ticket investment and seeks to fuel their growth: Reports 3. India's fiscal deficit in the first five months of the FY24 stood at Rs 6.42 trillion, 36% of the full-year target of Rs 17.87 trillion: CAG Report 4. The growth of eight key infrastructure sectors rose to a 14-month high of 12.1% in August 2023 compared to 4.2% YoY, on expansion in production of coal, crude oil, and natural gas: Govt data 5. Remittances by Indians working abroad fell to a four-quarter low in April-June to $14.47 billion last quarter, down 1.4% from January-March: RBI

TOP NEWS OF THE DAY : 1. Current account deficit widens to 1.1% of GDP in June qtr at $9.2 bn: RBI Report 2. Promoter selling is at a 6 year high this year, as they have, so far, offloaded Rs 87,000 crore worth of equities included in NSE-500: Reports 3. India retained its 40th rank out of 132 economies in the Global Innovation Index 2023 rankings: Reports 4. Home sales in the top seven cities of India reached an all-time high of 120,280 units between July and September: Anarock Report 5. India's external debt at $629.1 billion at June-end from USD 624.3 billion at March-end: RBI

TOP NEWS OF THE DAY : 1. Centre to borrow Rs 6.55 lakh crore via bonds in second half of FY24: Fin Ministry 2. The value of M&A deals in India has declined by 69.1% in the first 9 months of the CY 2023 to $50.8 billion YoY: Reports 3. Nearly 50% of equity investors redeem their MF investments within 2 years: Axis MF Report 4. SEBI extends deadline for demat account holders to provide account nominees, submit PAN, KYC details to Dec 31 2023: Reports 5. Samsung to start manufacturing laptops in India from next month: Report

TOP NEWS OF THE DAY : 1. Demat accounts rose to 12.7 crore in August 2023, a surge of 26 percent on a yearly basis: CDSL & NSDL data 2. Govt considering $7.2 billion housing loan interest subsidy scheme: Reports 3. FPI inflow in debt falls to lowest in FY24 to Rs 125 crore as of September 24, compared to Rs 7,645 crore in August shows data. 4. Dunzo is in talks to raise up to $35 million in fresh funding amid ongoing liquidity challenges: Reports 5. Bajaj Finance in talks with 4 investment banks to raise $800 mn-$1 bn: Reports

TOP NEWS OF THE DAY : 1. M-cap of 8 of 10 firms lose Rs 2.28 trn; HDFC, Reliance biggest laggards shows data. 2. IPO rush continues with 18 public issues worth over Rs 4,000 cr set to open next week: Reports 3. Apple has plans to scale up production in India by over five-fold to around $40 billion (about Rs 3.32 lakh crore) in the next 4-5 years: Govt sources 4. FPIs outflow in equities crosses Rs 10,000 crore mark in Sept on rising US interest rates shows data. 5. The ADB has reduced its GDP forecast for India for the fiscal year 2023-2024 by 10 basis points bringing it down from 6.4% to 6.3%: Reports

TOP NEWS OF THE DAY : 1. India's forex kitty drops $867 million to $593.037 billion in the week ended September 15: RBI data 2. Funds raised through equity issuance rose by 42.7% MoM in August Rs 15,698 crore versus Rs 11,000 in July 2023: SEBI Report 3. Indian government is likely to extend the free import of laptop, tablets and computers to September 30, 2024: Reports 4. BSE has decided to discontinue Stop Loss Market (SL-M) orders from October 9 to prevent erroneous order placement arising out of manual or algo trades: Reports 5. Apple has overtaken Samsung to become the largest smartphone exporter from India with 49% share: ET

TOP NEWS OF THE DAY : 1. Glenmark Pharma to divest 75% stake in Glenmark Life Sciences for Rs 5,651 crore: Reports 2. Tesla proposes building battery storage factory in India: Report 3. Tata Consumer Products Ltd to acquire Capital Foods, the manufacturer of the Ching's Secret and Smith & Jones brand: Reports 4. J&K to notify new startup policy soon, provide Rs 20 lakh seed funding to recognised startups: Reports 5. RBI can spend $30 bn of forex reserves for defending rupee: Report

TOP NEWS OF THE DAY : 1. France's Total Energies to invest $300 mn to form JV with Adani Green for a 50% stake: Reports 2. India Ratings revises GDP growth estimate for FY24 to 6.2% from 5.9% earlier: Reports 3. Ola Electric plans to file regulatory papers for its up to $700 million IPO before the end of October: Reports 4. After witnessing staggering inflow in July, debt-oriented mutual fund schemes saw a withdrawal of Rs 25,872 crore in Aug: AMFI 5. Mukesh Ambani to build a luxury hotel called Anant Vilas in Mumbai after partnering with Oberoi Hotels and Resorts: Reports

TOP NEWS OF THE DAY: 1. Govt may soon make reforms to the PLI program for the pharma, drone, and textile industries worth Rs 13000 Cr: Reports 2. Equity FDI into India declines sharply to $5.7 bn in April-July 2023 from $17.28 billion YoY: RBI Report 3. Indian households saved 19% less in 2022-23 compared to 2021-22 on a net basis, of Rs 13.77 lakh crore: RBI Report 4. Bank lending to NBFCs jumps 23.6% in July to Rs 13.8 lakh crore: Report 5. Nearly 34% loans charged 10% or more interest rate after continuous rate hikes since May 2022: RBI Report

TOP NEWS OF THE DAY: 1. Net direct tax collection rises 23.5% to Rs 8.65 trn in April-Sept: Govt data 2. Currency in circulation growth falls to 4% after withdrawal of Rs 2,000 notes: RBI Bulletin 3. RBI bought net $3.47 billion in spot foreign exchange market in July: Reports 4. Gold ETFs attracted Rs 1,028 crore in August, making it the highest inflow in 16 months shows data. 5. Walt Disney has held preliminary talks with potential buyers for its India streaming and television business: Reports

TOP NEWS OF THE DAY: 1. FPIs have pulled out close to Rs 4,800 crore from equities in the first fortnight of September shows data 2. M-cap of nine of top-10 valued firms add Rs 1.80 trn, TCS biggest winner shows data. 3. Primary market to busy again with 10 public issues lined up to raise over Rs 2,400 cr next week: Reports 4. Advance tax collections jumped 20% over the last year to Rs 3.54 lakh crore in the first half of this fiscal.: Reports 5. Advance bookings for iPhone 15 series beats its older version by 25%: ET Report

TOP NEWS OF THE DAY : 1. India's merchandise trade deficit narrowed 2.8% to $24.16 billion in August as compared to $24.86 billion MoM: Govt data 2. Sensex records longest winning streak since 2007, as Rs 14 lakh crore added in 11 sessions shows data. 3. Tata Steel to receive 500 million pounds from UK govt to decarbonise Port Talbot: Reports 4. People under 40 account for 80 percent of loans from digital lenders: FACE-Equifax study 5. India's forex reserves decline to 11-week low of $593.90 billion: RBI

TOP NEWS OF THE DAY : 1. India's outward FDI falls 33% sequentially to $1.2 bn in Aug: RBI data 2. Tata Motors plans to set up separate sales network for EVs this fiscal year: Reports 3. Indian oil firms explore using stranded dividend amount $600 million to buy Russian oil: Reports 4. Govt considers 10 chipmaking proposals under $10 billion incentive scheme: Reports 5. India's trade deficit may surge to $21 billion on rising gold imports, festive buying in August 2023: Bloomberg Report

TOP NEWS OF THE DAY : 1. Tesla to source auto parts worth $1.7-$1.9 billion from India this year: Commerce Minister 2. Adani Group in talks with banks to refinance $3.5 bn debt taken for Ambuja takeover: Reports 3. Reliance Retail is in talks to raise $1.5 bn from existing investors, including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia: Reports 4. Indian economy has added around 5.2 crore new formal jobs between FY20 and FY23, with the net addition being 2.7 crore: EPFO, ESIC data. 5. In a largest real estate deal in Mumbai, Bombay Dyeing agreed to sell 22 acres in Worli to Sumitomo Realty for ₹5,200 crore: Reports

TOP NEWS OF THE DAY : 1. The net inflows into active Equity MF inflows hit 5-month high in August, crossing Rs 20,000 crore, on record SIP run, outflows ease: AMFI 2. Byju's puts Great Learning, Epic on the block to generate $800 mn to $1 bn for loan repayment: Reports 3. KKR to further invest Rs 2,069 crore in Reliance Retail, increase stake to 1.42% from 0.25%: Reports 4. Fintech Firms disbursed 22.2 million loans in Q1 FY24 worth Rs 29,875 crore a 31.7% Y-o-Y in value: Reports 5. PV sales rise 9% to record 3,59,228 units in August 2023 on utility vehicle spurt: SIAM

TOP NEWS OF THE DAY: 1. FPIs turn net sellers in September so far, withdraw Rs 4,200 cr in equities till date: Depositories data 2. State-owned Indian Renewable Energy Development Agency (IREDA) filed the DRHP with SEBI to raise funds via IPO: Reports 3. 59% of Indians prefer to buy homes priced between Rs 45 lakh and Rs 1.5 crore, despite a rise in residential prices: Anarock Report 4. Adani hikes stake in two group companies Adani Enterprises and Adani Ports SEZ: Regulatory fillings 5. NBFC-MFI disbursements increase 45.8% to Rs 30,398 crore in Q1FY24: MFIN data

TOP NEWS OF THE DAY 1. India's forex reserves jump by $4.03 billion to $598.89 billion: RBI data 2. NVIDIA inks partnerships with Reliance and Tata to bring advanced AI technology to India: Reports 3. Reliance explores chipmaking foray, in talks with potential partner to cater growing chip demand in India: Reports 4. With 23-fold increase, Indian defence exports reach Rs 16,000 crore mark in FY23: Defence Min 5. Demat account openings hit 19-month high in August to 31 lakhs amid mid, smallcap rally, total count crosses 12.66 crore: Depository data

TOP NEWS OF THE DAY: 1. Temasek invests $140 million in Ola Electric at $5.4 billion valuation: Reports 2. Wadia property to get sold for Rs 5,000 cr in Mumbai's biggest land deal for a Japanese firm: Reports 3. India may invite Quad leaders as Republic Day guests next year: Report 4. Foxconn seeks to work with STMicro to build semiconductor plant in India: Reports 5. Vedanta Resources Ltd. is planning to meet bondholders in Singapore and Hong Kong, Indian miner faces repayment of about $2 billion next year: Sources

TOP NEWS OF THE DAY : 1. BSE-listed firms' market valuation hits all-time high of Rs 316.6 lakh crore shows data. 2. Amid concerns raised by certain FPIs Markets regulator Sebi will introduce one-hour trade settlements by March 2024: Reports 3. Sugar prices in India have risen by more than 3% to their highest level in six years, at Rs 37,760 Per metric ton, owing to supply concerns: Reports 4. Auto sales up 9% in August, PV inventory at an all-time high: FADA 5. As many as 6.98 crore tax returns have been filed for income earned in 2022-23 fiscal: CBDT

TOP NEWS OF THE DAY : 1. In August, 59,313 E2Ws were sold in the country against 45,000 units in June following subsidy cuts: Reports 2. Paytm launches $12 or Rs 999 'soundbox' that accepts card payments across networks: Reports 3. Reliance Jio seeks up to $2 billion loan in offshore loans to fund 5G plan: ET Report 4. Flipkart is looking to create more than 1 lakh seasonal job opportunities across its supply chain to cater to demand during the festive season: Reports 5. Government sells 36,250 ton buffer onion in mandis of 12 states in last 3 weeks to control prices: Govt data

TOP NEWS OF THE DAY : 1. GST collection grows 11% YoY to around Rs 1.6 trillion in August: Govt 2. Mukesh Ambani's Reliance Retail in talks to raise $2.5 billion: Report 3. Around 93% of Rs 2,000 notes back with banks after RBI announced circular on May 19: RBI data 4. Byju’s delays Rs 45-50 cr payments to Salesforce and other data management tools: Reports 5. India's Forex reserves fell $30 Million and remain largely flat at $594.86 bn as of Aug 25: RBI data If you like this news! Feel free to share it :)

TOP NEWS OF THE DAY : 1. The Indian govt's fiscal deficit widened to Rs 6.06 lakh crore in April-July, 34% of FY24 target: CAG data 2. Indian GDP grew by 7.8% in the quarter that ended on June 30, lower than RBI's estimates of 8%: MoSPI data 3. India's eight core sectors declined to 8% YoY in July, compared to 8.2% registered in June: Govt data 4. India's Russian crude imports decline sharply in Aug to lowest in 7 months to 1.6 million bpd in August from 2.1 million bpd in July: Reports 5. JSW Group in talks with Chinese carmaker Leapmotor for EV tech: Report

TOP NEWS OF THE DAY : 1. India's current account deficit seen falling to $10 bn in Q1 FY24 as trade deficit reducing: India Ratings 2. DIIs invest over Rs 1 lakh crore in Indian equities so far this year: Reports 3. Solar mission Aditya-L1 to be launched on Sept 2 from Sriharikota: ISRO 4. Women invest an average of Rs 14,347 monthly, slightly higher than men at Rs 13,704: FinEdge Survey 5. Realme And OnePlus Mulling To Exit India Television Market amid cost of servicing TV panels: Report

TOP NEWS OF THE DAY : 1. FDI equity flows into India declined 34% to $10.94 bn in April-June 2023: Govt data 2. M-cap of 3 of 10 firms erodes by Rs 82,082.91 cr, Reliance biggest laggard shows data 3. China lowered the stamp duty on stock trades for the first time since 2008 to boost market confidence: Reports 4. India's real estate sector likely to expand to $5.8 trillion by 2047: Report 5. Fresh corporate NPS subscribers decline 26% during Jan-June to 77,140 from 104,447 YoY: NSO data

TOP NEWS OF THE DAY : 1. India's forex reserves fell by $7.27 billion to a near two-month low of $594.89 billion as of Aug. 18: RBI data 2. Swiggy restarts IPO plans, aims for July-Sept 2024 stock market listing: Report 3. Zepto, raised $200 million at a valuation of $1.4 billion and becomes 1st Indian unicorn of 2023: Reports 4. SoftBank likely to sell Zomato shares as lock-in period ends on August 25: Sources 5. Reliance Retail may sell another 8-10% of its stake in next 12 to 15 months to fund expansion, pay debt and prepare for the IPO: Reports

TOP NEWS OF THE DAY : 1. Antfin is likely to sell 3.6% stake or 2.3 crore shares of fintech company Paytm via block deal on August 25: Bloomberg Report 2. Mamaearth in talks with Fidelity, GIC, QIA, SoftBank for $150 million pre-IPO round at a valuation of $1.5 billion: Reports 3. India’s GDP growth in June quarter to be at 8.3%, higher than RBI's estimate of 8%: SBI Economists 4. India among top 5 countries with fastest-growing AI talent: LinkedIn report 5. Subway has agreed to sell itself to PE firm Roark Capital in a deal valuing the sandwich chain at more than $9 billion: Reports

TOP NEWS OF THE DAY : 1. Qatar Investment Authority will invest Rs 8,278 crore in Reliance Retail Ventures, for a 0.99% stake at a value of Rs 8.28 trillion: Reports 2. India set to ban sugar exports for first time in 7 years from next season beginning October: Reports 3. At 5%, Mumbai is likely to witness the highest rise in residential prices in 2024: Knight Frank Report 4. Govt likely to announce fiscal incentives for textile industry by year-end: Reports 5. India's Russian oil imports declined 5.7% to 1.85 million bpd and Saudi shipments fell by 26% to 470,000 bpd: Trade data

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TOP NEWS OF THE DAY: 1. LIC acquires 6.66% stake in Jio Financial Services through demerger process: Reports 2. BSE and NSE postpone the removal of JFS from indices to Aug 29 after the stock hit the lower circuit for two days in a row: Reports 3. Fintech firms disbursed loans worth Rs 92,267 crore in the year ended FY23, showing a 21% YoY increase over FY22: FACE-Equifax report 4. Card payments in India are likely to hit the Rs 27.9 trillion mark in 2023, up 28.6% YoY: GlobalData Report 5. India's GDP growth likely at 8.5% in Q1 24 and maintains FY24 forecast at 6%: Icra Ratings

TOP NEWS OF THE DAY : 1. The value of FPIs' investments in Indian equities rose from USD 523 bn as of June 2022 to USD 626 billion at the end of June 2023: Report 2. RBI nudges local banks to settle UAE trades in rupee, dirham in order to promote local currency settlement: Report 3. Share of gold in forex reserves rises Rs 3.67 lakh crore as on August 18, 2023, as compared to Rs 2.02 lakh crore as on January 3, 2020: RBI Report 4. India's foreign trade(exports & imports) crosses the $800 billion mark in the first six months of 2023: GTRI 5. SoftBank sells a part of its stake in IPO-bound FirstCry for Rs 435 crore: Reports

TOP NEWS OF THE DAY : 1. Russia's first moon mission failed after its Luna-25 spacecraft spun out of control and smashed into the moon: Reuters 2. Mcap of seven of top 10 firms declines by Rs 80,200 cr, TCS, HDFC Bank biggest laggards shows data. 3. Govt is considering a plan to reallocate as much as Rs 1 trillion from the budgets to tackle inflation: Reports 4. Investment firm GQG Partners raised its in Adani Ports stake to 5.03% from 4.93%: Reports 5. Paddy sowing rises 4.3% to 360.79 lakh hectares across the country in ongoing kharif season: Govt data