Tata wins bid for Air India for Rs 18,000 crore, defeating Ajay Singh’s Rs 15,100 crore offer.

Business(Airlines)

Chairman of Tata groups Ratan Tata won Air India

Air India Sale: After a 68-year hiatus, Air India will be sold to Tata Sons, with the central government approving the group’s bid. A consortium led by SpiceJet’s Ajay Singh was outbid by Tata Group.


Monetary policy Updates : Rates remain unchanged. GDP growth is expected to be 9.5 percent in FY22, with CPI inflation expected to be 5.3 percent this fiscal year.

Economy(RBI-India)

Monetary policy of RBI are undertaken to resolve pandemic crises

The RBI kept key policy interest rates unchanged, as expected to support a fragile economic recovery, and reiterated an accommodative stance that supports sufficient liquidity to keep borrowing costs low for both the government and businesses, thereby stimulating investment. The RBI kept its FY22 GDP growth forecast at 9.5 percent. This includes 7.9 percent in the second quarter, 6.8 percent in the second quarter, and 6.1 percent in the fourth quarter. GDP growth is expected to be 17.2 percent in the first quarter of FY23.


As the country faces a severe coal shortage, the country’s energy exchange nearly triples.

Business

An increase in shares of Indian exchange energy Ltd.,platform

The stock exchange, which is almost entirely dominated by India’s electricity trading, is attracting attention as a serious coal crisis, and the government’s intention to promote reform is altering the dynamics of the country’s electricity sector.

Shares of Indian Energy Exchange Ltd., a platform where electricity producers, distributors, and businesses are increasingly accessing for short-term energy demand, have risen 181 percent this year. In the S & P BSE India Power Index, this is the second best performance after Adani Transmission Ltd.


Today’s RBI Monetary Policy: Will the RBI keep up the Status Quo yet again?

Banking (India)

RBI-Reserve Bank of India

The Monetary Policy Committee (MPC) led by Reserve Bank Governor Shaktikanta Das will announce its policy decision today, October 8, at the conclusion of the 3-day bi-monthly review meeting. To support growth, the monetary policy committee is widely expected to maintain the status quo on the repo rate, but some analysts see a slim possibility of a token increase in the reverse repo rate.


Centre grants Rs 40,000 crore to States/UTs to address GST compensation shortfall

GST compensation

Indian currency in Rupees

To offset the shortfall in goods and services tax compensation, the Centre on Thursday provided Rs 40,000 crore to the States and UTs with Legislature through a back-to-back loan facility.

The total money disbursed to states now stands at Rs 1,15,000 core.


6 penny stocks with solid growth and zero debt

Share market(penny stocks-India)

Graphical reports of solid growth penny stocks in share market of India with zero debt

Penny stocks which have a decent balance sheet, low or zero debt and a track record for paying dividend can fare much better against their peers.

Bull market or bear market, regardless of what cycle we’re in, people are always on the lookout for ‘cheap’ penny stocks to buy.


CSK vs PBKS Live Score, IPL 2021: Fifty for du Plessis but can he lift Chennai Super Kings with some late blows?

Sports(Cricket-IPL)

PBKS(Punjab Kings) vs CSK(Chennai Super Kings)

IPL 2021 Live Score, CSK vs PBKS: Chennai Super Kings finished the Powerplay at 30/2 as Arshdeep Singh gave Punjab Kings two vital breakthroughs. Gaikwad scored 14 before he top edged a pull and was dismissed off Arshdeep before the left-arm pacer had Moeen Ali nicking to the keeper

Chris Jordan then struck in his first over to remove Robin Uthappa. Three down became 4 down not long after as Rayudu timed a ball brilliantly but straight down backward point’s throat.

MS Dhoni began positively with a couple of boundaries but he played on a googly from Ravi Bishnoi for 12. PBKS captain KL Rahul asked CSK to bat first after winning the toss. One change for PBKS, with Chris Jordan replacing Nicholas Pooran. CSK on the other hand are unchanged.


Senate Nears Short-Term Debt Ceiling Deal, Punts Further Action to December

Economy(United States-debt ceiling)

Charles Schumer-senate majority leader(member of Democratic party

After a weekslong standoff, GOP Leader Mitch McConnell offered a two-month fix to the debt ceiling and Democrats appeared ready to accept.

Senate Majority Leader Charles Schumer leaves a Democratic Senate caucus meeting at the U.S. Capital on October 6, 2021 in Washington, DC. Congress has until October 18 to raise the debt ceiling or risk a default that would have widespread economic consequences.

The Senate inched closer to a temporary breakthrough Wednesday evening to lift the debt ceiling before the U.S. runs out of money and risks potential default by mid-October. But the short-term extension punts the issue to December, when both parties will again be faced with the same debacle.


Reliance Retail is planning to open 7-Eleven convenience stores in India.

Business(Reliance)

Reliance- a multinational corporation

Reliance Retail has entered into an agreement with 7-Eleven Inc of the United States to open convenience stores in India. On October 9, the first 7-Eleven store will open in Mumbai.


US Poised to Sue Contractors Who Don’t Report Cyber Breaches.

Cyber crisis (Washington DC)

Lisa Monaco(Deputy Attorney General)

The Justice Department is poised to sue government contractors and other companies who receive U.S. government grants if they fail to report breaches of their cyber systems.

Deputy Attorney General Lisa Monaco speaks with reporters during a news conference at the Department of Justice in Washington. Monaco said the Justice Department, as part of a new initiative, is prepared to take legal action under a statute called the False Claims Act against contractors who misuse federal dollars by failing to disclose hacks or by having deficient cybersecurity standards. The department will also protect whistleblowers who come forward to report those issues.


Google feature updates: From shopping and navigation to flight search, check out some interesting changes.

Technology

Google with upcoming new features

Google has announced a ton of new features to help customers shop better, make search more useful, and even reduce the carbon footprint.

Google has taken steps to make it easier, to find more information about products you seek out online.

iOS users will see a button for Lens integrated right into the Google app. This will allow you to simply search or find more information about a product by using any image on a web page.


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