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Business News – The Hindu


Three major IPOs (Initial Public Offering) have hit the market this week. Paytm, Sapphire Foods and Latent View Analytics want to raise about Rs 21,000 crore. Paytm’s 18,300-crore IPO, the biggest event ever in the history of India, opened yesterday and registered 18% on the first day of advertising. The sales share was 78% registered.

11:00 AM

Banks offer 31.67 cr RuPay debit card

Banks have issued RuPay 31.67 crore credit cards with accidentally built insurance until October 21 for Pradhan Mantri Jan Dhan Yojana (PMJDY) with an account. According to the Ministry of Finance, bank accounts opened under PMJDY have risen to 43.76 crore since its inception in August 2014.

Jan Dhan Yojana, announced by Prime Minister Narendra Modi in his 2014 Independence Day address, was launched on August 28 of the same year.

10:40 AM

Amazon imports Rs 1,000 cr to India payment

Amazon has entered Rs 1,000 crore into India’s payout segment, Amazon Pay. Received Rs 225 crore in April this year.

The recent launch is aimed at helping the company compete more with competitors such as PhonePe, Google Pay and Paytm.

Amazon has been spending millions of dollars on various activities such as the market, small and paid businesses with the aim of strengthening the Indian market.

10:30 AM

FPIs can invest in loans provided by InvITs, REITS

FPIs can invest in loans provided by Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) and Foreign Portfolio Investors (FPIs).

The Reserve Bank of India has stated in the wake of the announcement made in Union Budget 2021-22 that the loans to InvITs and REITs and Foreign Portfolio Investors (FPIs) will be assisted in making the necessary changes in the relevant legislation.

As a result, it has been considered to allow FPIs to establish loan financing provided by InvITs and REITs.

10:20 AM

Fat reduces after good performance

Oil prices soared after a two-fold increase in US bills, exports to China and the resumption of globalization after the epidemic has raised hopes of oil demand.

Brent crude dropped 3 cents to $ 83.40 a barrel while US oil rose 1 cents to $ 81.94.

The US $ 1 trillion construction bill combined with exports to China exceeded expectations and brought global economic hope.

9:40 AM

Market changes | Sensex opens openly

India benchmark equity indices opened continuously among various nations around the world. At 9:16 IST, Sensex was down 0.08% at 60499.93 and Nifty was up 0.50 points or about 0% at 18069.

Asian stocks climbed behind US equities after U.S. currency boosted interest.

The MSCI index for Asia-Pacific regions outside Japan rose 0.3% and Japan’s Nikkei index rose 0.06%. In addition, China’s blue-chip CSI300 index rose 0.33% in initial sales and Hong Kong’s Hang Seng index opened 0.65%.

However, Australian shares were down 0.12%.

—- Edited by John Xavier

(With comments from Reuters, PTI and other media organizations.)

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