Retail inflation drops to 5.3% in August, with Jet Airways set to take off in the first quarter of 2022

Retail inflation declined marginally to 5.3 percent in August, mainly due to falling food prices. Ola’s future electric vehicle factory in Tamil Nadu will be “entirely” run by women. The company’s CEO Bhavish Aggarwal said it will hire 10,000 women and it will be the largest all-women factory in the world. Jet Airways will resume domestic flights in the country from the first quarter of 2022, the company said in a press release. For all of these stories and everything in between, here’s some top news of the day

BUSINESS

The pace of vaccination must be maintained to eliminate many COVID-related risks: FM

Finance Minister Nirmala Sitharaman stressed the need to maintain the vaccination rate to limit the damage to the economy. In an interview with CNN News18, she said, “If people were to be protected from Corona with vaccines, I think it would eliminate many of the risks associated with it.” See the interview here.

The Ola factory in Tamil Nadu is “entirely run by women,” says CEO Bhavish Aggarwal

Ola’s future electric vehicle factory in Tamil Nadu will be “entirely” run by women. The company’s CEO Bhavish Aggarwal said Ola will hire 10,000 women and it will be the largest all-women factory in the world. Continue reading

Jet Airways will begin domestic operations in the first quarter of 2022

Jet Airways will resume domestic operations in the country from the first quarter of 2022, the company said in a press release on Monday. The airline is banned for almost three years after going bankrupt in 2019. Details here

Retail inflation falls to 5.3% in August

Retail inflation fell marginally to 5.3 percent in August, largely due to falling food prices, official data showed on Monday. Retail inflation based on the consumer price index (CPI) was 5.59 percent in July and 6.69 percent in August 2020. Continue reading

MARKETS

Bharti Airtel stock hits new record highs as CLSA raises target

Bharti Airtel’s shares hit a 52-week high on Monday after global broker CLSA raised the stock’s price target. The stock closed nearly 1.5 percent higher on BSE. Follow the stock action here.

RIL Biggest Straggler at Nifty50 as Smartphones Launch Delay Annoy Street

Reliance Industries shares were the biggest straggler on Nifty50 Monday after the oil telecom group postponed the launch of JioPhone alongside Diwali. Check out the stock action.

Sansera Engineering IPO on September 14: Important information

The public edition of Sander Engineering, a manufacturer of automotive components, will open for subscription on September 14th. The price range for the issue is set at Rs 734-744. For more details click here.

YOU ME

Realme 8s 5G is now for sale

The Realme 8s 5G went on sale at 12 noon today. The phone, which costs Rs 17,999 for one of the models, will be available in Universal Blue and Purple on Flipkart and Realme channels. For more details click here.

WhatsApp could soon offer a feature that can convert voice messages to text; Check details

WhatsApp could offer a voice message transcription function very soon. The new feature would allow app users to convert their voice recordings to text with a single click. For further information, click here.

KYC fraud: RBI warns the public not to give account details and passwords to unknown authorities

In a press release, RBI announced that it has received complaints / reports about customers who have fallen victim to fraud on behalf of the KYC update. Continue reading

WORLD

Missile tests renew North Korea’s regional threat

North Korea says it successfully tested what it called new long-range cruise missiles over the weekend and reiterates concerns that its nuclear-armed leadership is building its capacity to attack US allies in South Korea and Japan. Continue reading

Yes to Bitcoin? These countries are ahead in the race to adopt cryptocurrencies

Bitcoin, the oldest and largest digital currency by market capitalization, has yet to be accepted as such. But the picture is slowly changing. While some smaller countries have accepted it as legal tender, other large countries accept the digital token in some form. Here is a look

Sending a new bill can help millions of people get a green card in the US by paying an additional fee

Millions of people who have been stuck in the employment-based green card arrears for years in the US, including a significant number of Indians, can hope for legal permanent residency in America by paying an additional fee when a new house law is passed. Check details

INDIA

Pegasus Series: Government Goes Around About Spyware According To Supreme Court

The Supreme Court on Monday criticized the government for failing to clarify the NSO’s Pegasus spyware. Chief Justice NV Ramana noted that the government was “going round and round” on the matter and said the court would “make any necessary order”. Continue reading

Meet Bhupendra Patel, the new Prime Minister of Gujarat

BJP MLA Bhupendra Patel took his oath as the new Prime Minister of Gujarat on Monday, two days after Vijay Rupani vacated the presidency. Patel, 59, is an MLA from Ghatlodia and his name was suggested by Rupani himself. Continue reading

Veterans Congress chief Oscar Fernandes has died at the age of 80

Veterans Congress leader, former Union minister and Rajya Sabha member Oscar Fernandes died in a private hospital in Karnataka on Monday. He was 80 years old. Fernandes was hospitalized in July after falling while doing yoga in his home. Continue reading

(Edited by: Yashi Gupta, Aditi Gautam)

First published: September 13, 2021, 7:45 p.m.