Ril shares hit record high, Bpcl invests Rs 1 lakh Cr, China defends Indian visa restrictions and more

Reliance Industries’ shares hit record highs on Monday, cementing the oil telecom company’s position as the most valuable company in the country. Privatization-linked Bharat Petroleum Corporation Ltd (BPCL) plans to invest over Rs 1 lakh crore over the next five years to increase petrochemical production capacity, gas business, clean fuels and improve marketing infrastructure. For all of these stories and everything in between, here’s some top news of the day

ECONOMY / BUSINESS

ICRA revises GDP growth forecast for FY22 to 9%

The rating agency ICRA has revised its estimate of real GDP growth for India in 2021-22 from 8.5 percent to 9 percent. Factors for the revision include a surge in COVID-19 vaccination, healthy forecasts of the Kharif (summer) harvest, and faster government spending. Continue reading

Invesco reiterates the call for an extraordinary general meeting to replace the board of directors of Zee Ent

Invesco is increasing pressure on Zee’s board of directors to adhere to the rules for convening an Extraordinary General Meeting (EGM) to revise the board as requested by investors. Continue reading

It is time for companies to support working mothers, says Indra Nooyi

Indra Nooyi, former chairwoman and CEO of PepsiCo, said it was time for companies to band together and support working mothers. Nooyi said that while women are advancing in our society, in the business world, men still hold the most positions of power. She also acknowledged that men come forward to create a framework to help women. See the interview here.

BPCL invests Rs 1 lakh cr to be sustainable

Privatization-linked Bharat Petroleum Corporation Ltd (BPCL) plans to invest over Rs 1 lakh crore over the next five years to increase petrochemical production capacity, gas business, clean fuels and improve marketing infrastructure, said Chairman Arun Kumar Singh on Monday.

MARKETS

Bharti Airtel shares offset initial losses; Share trading from rights issue

Telecom operator Bharti Airtel shares opened lower on Monday as the stock traded with no subscription rights. However, the stock recovered from its initial losses and traded above the flatline. dig deeper

According to HDFC’s Keki Mistry, demand for housing is coming from first-time buyers

A significant portion of housing demand is coming from first-time buyers, said Keki Mistry, vice chairman and general manager of HDFC Ltd, on Monday. Until 2020, the demand came from two- and three-tier cities. But now cities like Mumbai, Delhi and Bangalore are taking part in the rally. Click here for the interview

Reliance Industries mcap hits the Rs 17 lakh crore mark while the stock hit a record high

Reliance Industries shares, led by Mukesh Ambani, hit a record high on Monday, cementing the oil telecom company’s position as the most valuable company in the country. Days after hitting Rs 16 lakh crore, the group’s market capitalization has risen to Rs 17 lakh crore. Continue reading

You I

IPL 2021 | RR vs SRH match preview: Estimated XI, betting odds

Skipper Sanju Samson needs the support of his batsmen as the Rajasthan Royals return to winning ways against the stragglers Sunrisers Hyderabad on Monday and want to keep their playoff hopes in the Indian Premier League alive. Continue reading

Now you have digital access to all of your health records; here is how

A person’s health ID is created using the information on their Aadhaar card or the beneficiary’s cell phone number. This information – Personal Health Record (PHR) enables individuals to view lab reports, health records, treatment details and discharge summaries across India. Continue reading

WORLD

Some Apple and Tesla suppliers are halting production in China amid power shortages

Several suppliers to Apple Inc and Tesla Inc have suspended production in some Chinese factories for several days to meet stricter energy usage guidelines, putting supply chains at risk during the high season for electronic goods. Continue reading

Bezos’, Musk’s space expeditions fail to impress Bill Gates, says “much to do on earth”

“Space? We have a lot to do here on earth,” Gates said on a late night talk show with host James Corden. When asked about his thoughts on billionaires investing in space, Gates said he was more focused on eradicating diseases that plagued the earth

Explained: How and when Germany will form a new government

Germany’s voters have made their judgment. It is now up to the party leadership to find out who will succeed Chancellor Angela Merkel after 16 years in office and with what political priorities. Continue reading

INDIA

Ayushman Bharat Digital Mission has the potential to bring about revolutionary changes in healthcare: PM Modes

Prime Minister Narendra Modi launched the Ayushman Bharat Digital Mission on Monday, giving people a digital health ID containing their health information, claiming it had the potential to bring about revolutionary changes in healthcare. Continue reading

Peasants watch Bharat Bandh what their demands are

As part of the 10-hour band, the SKM called for the closure of government and private offices, educational and other institutions, businesses, industries and commercial establishments. The only exceptions were emergency and emergency services. Check out what their demand is

China defends visa restrictions on stranded Indians, saying it is appropriate to fight COVID-19

China on Monday defended its visa restrictions, which have prevented thousands of stranded Indians from returning to Beijing, saying they are “appropriate” to control the spread of COVID-19 and target not only India, but in fact on Chinese citizens returning from China apply overseas. Continue reading

(Edited by: Yashi Gupta, Aditi Gautam)

First published: September 27, 2021, 6:46 p.m.