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Paytm Increases Ipo Size for Nov 8 Launch; Fuel prices reach new record highs and more

The digital payment and financial services company Paytm is about to launch after Diwali on November 8th. Global prosperity has grown in recent years, but only through worsening inequalities and unsustainable economic practices, according to a World Bank report. Maruti Suzuki’s net income fell short of Street’s estimates as it fell to Rs 775.3 billion for the September quarter. For all of these stories and everything in between, here’s some top news of the day

ECONOMY / BUSINESS

Deutsche Bank expects repo rate hike by 50 basis points in 2022

In our view, the first part of a reverse repo rate hike is likely to be in December 2021 and the second part in the first quarter of next year, Deutsche Bank’s Sameer Goel told CNBC-TV18. He added that he sees a 50 basis point increase in the repo rate in 2022. Continue reading

Fuel prices at record high

Gasoline prices in Delhi rose to a record high of 107.94 rupees per liter as oil marketers raised prices. Diesel prices in the c -ital rose to 113.80 rupees. Continue reading

Paytm IPO is expected to open on November 8th

Digital payment and financial services company Paytm is ready to launch after Diwali on Nov. 8, and is targeting a price range of Rs 2080-2150, according to sources.

MARKETS

Nykaa IPO will open for subscription tomorrow

FSN E-Commerce Venture’s IPO will open for bidding on Thursday. The company aims to raise over Rs.5,350 billion through the IPO. Here are some important things to know

Maruti Suzuki’s net profit drops 65% to 475 billion rupees

Maruti Suzuki’s net income fell short of Street’s estimates as it fell to Rs 775.3 billion for the September quarter. Standalone earnings for the three month period were Rs 20,538 billion. The automaker’s shares rose 1 percent on the news. dig deeper

Asian Paints best performer on Nifty50

Asian Paints’ shares rose over 6 percent during Wednesday’s session after a brokerage firm said the company made a 9 percent price increase across all portfolios. dig deeper

INDIA

India criticizes China for new land border law

India on Wednesday attacked China for its “unilateral” decision to enact a new land border law, saying this is a matter of concern as the legislation may affect existing bilateral border management pacts and general border issues. Continue reading

C -tain Amarinder Singh draws battle lines

C -tain Amarinder Singh drew the lines of battle ahead of the Punjab Assembly elections in early 2022 with the clear intention that a seasoned political gladiator would not go down without a fight. Continue reading

Karnataka reports 7 cases of the Delta Plus variant

Karnataka currently has seven cases of the Delta Plus variant of the coronavirus, including two AY.4.2 in the city, a senior official said on Wednesday. Continue reading

INTERNATIONAL

Jeff Bezos’ Blue Origin plans’ business park ‘in space

Billionaire Amazon founder Jeff Bezos’ space tourism company, Blue Origin, plans to launch a commercial space station in low-earth orbit by the end of the decade. Continue reading

Haiti paralyzed by fuel shortages

Haiti’s streets were unusually quiet and gas stations remained dry on Tuesday as gangs blocked the entrance to ports with fuel depots and the country’s chief gang leader demanded the resignation of Prime Minister Ariel Henry. Read here

Global wealth has grown at the expense of natural wealth: World Bank

The global level of prosperity has grown in recent years, but only as a result of worsening inequalities and unsustainable economic practices, according to a report by the World Bank. Continue reading

You I

Anand Rathi’s Diwali Stock Pick: From Infosys to Rossari Biotech

With the Christmas season  -proaching, Anand Rathi Financial Services has listed its top stock picks. Check out the Diwali stock picks here

Life Insurance: Here are the main exclusions

Life insurance policies have several advantages, but also have their own exclusions. Knowing these exclusions is very important in order to avoid unpleasant surprises during the complaint process. Checklist here

(Edited by: Yashi Gupta, Aditi Gautam)

First published: October 27, 2021, 9:42 p.m.

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