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New Apple iPad Mini is most exciting iPad of 2021, so far

Apple didn’t really hold back with the new iPad Mini, with the A15 Bionic chip as the beating heart. This is the same chip that powers the Apple iPhone 13 series in slightly different states of tune
iPad Mini 2021 is availabel in Wi-Fi only and Wi-Fi + Cellular specifications and it comes in 4 colours. (Image countesy-Apple)
iPad Mini 2021 is availabel in Wi-Fi only and Wi-Fi + Cellular specifications and it comes in 4 colours. (Image countesy-Apple)
Published on Oct 11, 2021 05:22 PM IST
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By Vishal Mathur

India receives third set of Swiss bank details of its nationals

  • The information is likely to shed light on flats, apartments and condominiums owned by Indians in Switzerland attached with full information about the properties.
Switzerland on Monday shared particulars of nearly 33 lakh financial accounts with 96 countries. The exchange between India and Switzerland took place last month.(Reuters/Representative Photo)
Switzerland on Monday shared particulars of nearly 33 lakh financial accounts with 96 countries. The exchange between India and Switzerland took place last month.(Reuters/Representative Photo)
Updated on Oct 11, 2021 04:05 PM IST
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Written by Shankhyaneel Sarkar | Edited by Avik Roy, Hindustan Times, New Delhi

Sensex rises 77 points to settle at 60,136; Nifty closes at 17,946 

Maruti was the top gainer in the Sensex pack, rallying nearly 4 per cent, followed by PowerGrid, ITC, NTPC, SBI, M&M, Kotak Bank and HDFC Bank.
BSE Sensex (File Photo)
BSE Sensex (File Photo)
Published on Oct 11, 2021 03:41 PM IST
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PTI | , Mumbai

How Evergrande founder Hui Ka Yan is trying to save his empire

Four years after vying with Jack Ma for the title of Asia’s richest man, Evergrande chairman Hui Ka Yan’s fortune is plunging and his sprawling real estate empire is on the verge of collapse.
Hui Ka Yan, chairman of Evergrande Real Estate Group Ltd. (REUTERS)
Hui Ka Yan, chairman of Evergrande Real Estate Group Ltd. (REUTERS)
Published on Oct 11, 2021 03:17 PM IST
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Bloomberg |

KPMG says Indian IPOs will raise $10bn in next six months

Indian companies have raised $10.8 billion from first-time share sales this year, according to data compiled by Bloomberg.
India to raise about $10 billion through initial public offerings in the next six months(HT Archive)
India to raise about $10 billion through initial public offerings in the next six months(HT Archive)
Published on Oct 11, 2021 02:39 PM IST
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Bloomberg |

Sterling and Wilson Solar shares zoom 17% over Reliance deal

Reliance has said it will acquire a 40 per cent stake in Sterling and Wilson Solar Ltd in a multi-stage transaction for about 2,845 crore.
The Reliance and Sterling and Wilson transaction is subject to customary regulatory and other approvals and closing conditions. (ANI File Photo)
The Reliance and Sterling and Wilson transaction is subject to customary regulatory and other approvals and closing conditions. (ANI File Photo)
Published on Oct 11, 2021 01:50 PM IST
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By hindustantimes.com | Written by Meenakshi Ray

Nifty, Sensex hit record high, auto stocks drive rally

  • On Friday, Indian shares logged their best week in over a month after the central bank kept key interest rates unchanged as expected and promised adequate liquidity to support the economic recovery.
The gains on Nifty were led by Jaguar Land Rover (JLR) parent Tata Motors soared as much as 8.5%.(Bloomberg)
The gains on Nifty were led by Jaguar Land Rover (JLR) parent Tata Motors soared as much as 8.5%.(Bloomberg)
Updated on Oct 11, 2021 01:20 PM IST
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By hindustantimes.com, Hindustan Times, New Delhi

72 IPOs launched in India this year so far, 35 more on the way

Overall, there is a healthy spread of IPO activity across many markets which continue to experience mega IPO pipeline build up in India, according to Ernst & Young report.
An EY report said 72 IPOs have already been launched in India this year.(Representative Photo)
An EY report said 72 IPOs have already been launched in India this year.(Representative Photo)
Published on Oct 11, 2021 12:34 PM IST
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By hindustantimes.com | Written by Amit Chaturvedi, Hindustan Times, New Delhi

Premium phones, more sellers and spike in online spending in smaller towns

A Deloitte Touche Tohmatsu India report indicated that consumers in India are showing a positive intent towards spending with the decreasing Covid cases and the pace of the vaccination drive boosting confidence
Twice the number of premium smartphones were sold by Flipkart in the sale this year in comparison with The Big Billion Days Sale in 2020 (Shutterstock)
Twice the number of premium smartphones were sold by Flipkart in the sale this year in comparison with The Big Billion Days Sale in 2020 (Shutterstock)
Published on Oct 11, 2021 11:23 AM IST
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By Vishal Mathur

Indian spot gold rate and silver price on Monday, Oct 11, 2021

Gold Price and Silver Price Today. Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates in India as on Monday, Oct 11, 2021
Today Gold Price, Silver Price: Gold Rate and along with other precious metal prices in India on Monday, Oct 11, 2021
Today Gold Price, Silver Price: Gold Rate and along with other precious metal prices in India on Monday, Oct 11, 2021
Published on Oct 11, 2021 10:02 AM IST
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By HT Analytics

Zee-Invesco fight to replay at Dish TV

Yes Bank wants shareholders to vote on its proposals to sack Dish TV managing director Jawahar Goel, the younger brother of Essel Group founder Subhash Chandra, four other directors and induct two Yes Bank executives as nominee directors and five independent directors.
Noida-based Dish TV contends that removal and appointment of directors needs prior approval from the ministry of information and broadcasting.(Twitter/@DishTV_India)
Noida-based Dish TV contends that removal and appointment of directors needs prior approval from the ministry of information and broadcasting.(Twitter/@DishTV_India)
Updated on Oct 11, 2021 12:32 PM IST
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By Gopika Gopakumar, Varun Sood, Livemint, Mumbai/bengaluru

Reliance expands into green energy sector, buys Norway-based REC Solar

  • A statement by the company said that its recent venture will help them explore opportunities in key green energy markets in the United States, Europe, Australia and Asia.
Mukesh Ambani, chairman, Reliance Industries Limited. (HT archive)
Mukesh Ambani, chairman, Reliance Industries Limited. (HT archive)
Published on Oct 10, 2021 07:18 PM IST
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Written by Shubhangi Gupta | Edited by Poulomi Ghosh

Air India sale: Govt eyes at monetising Alliance Air, other AI subsidiaries

  • With the Tata Sons winning the Air India bid at 18,000 crore, the government is now looking at possibilities to sell its remaining four subsidiaries.
Tatas won the Air India bid at <span class='webrupee'>₹</span>18,000 crore on Friday, reclaiming what they lost nearly 7 decades ago. (AFP)
Tatas won the Air India bid at 18,000 crore on Friday, reclaiming what they lost nearly 7 decades ago. (AFP)
Published on Oct 10, 2021 03:42 PM IST
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By hindustantimes.com | Written by Sharmita Kar | Edited by Poulomi Ghosh, New Delhi

Banks to remain shut for 6 out of 7 days next week. Full list here

  • Bank holiday alert: With jam-packed vacations and festivities in the upcoming week, banks will also remain closed on several days. Check the list of bank holidays in your state.
Banks will be closed on six out of seven days this week in view of Navratri/Durga Puja/Dussehra celebrations.(Sameer Sehgal/HT Photo)
Banks will be closed on six out of seven days this week in view of Navratri/Durga Puja/Dussehra celebrations.(Sameer Sehgal/HT Photo)
Published on Oct 10, 2021 01:07 PM IST
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By hindustantimes.com, New Delhi

El Salvador to fund veterinary hospital using bitcoin, president says

It is the first country in the world to recognise the cryptocurrency as legal tender.
Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin (REUTERS)
Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin (REUTERS)
Published on Oct 10, 2021 10:00 AM IST
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Reuters |

Byju’s stops Shah Rukh Khan ad amid Aryan Khan drugs probe

Aryan Khan and seven others were sent to judicial custody for 14 days by a local court in Mumbai on Thursday. The bail plea of Aryan Khan, who was arrested on October 3, was denied by the court on Friday.
Shah Rukh Khan's son Aryan Khan and seven others were arrested after the Narcotics Control Bureau raided a Goa-bound cruise ship last week. (File Photo)
Shah Rukh Khan's son Aryan Khan and seven others were arrested after the Narcotics Control Bureau raided a Goa-bound cruise ship last week. (File Photo)
Published on Oct 10, 2021 07:19 AM IST
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By hindustantimes.com | Written by Meenakshi Ray, New Delhi

Realme TechLife Robot Vacuum Cleaner Review: A clean home is a smart home

Our experience with the new Realme TechLife Robot Vacuum Cleaner does indicate that there is a solid foundation to build on
Should you splurge on the Realme TechLife Robot Vacuum Cleaner? (Realme TechLife)
Should you splurge on the Realme TechLife Robot Vacuum Cleaner? (Realme TechLife)
Updated on Oct 09, 2021 05:40 PM IST
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By Vishal Mathur

Singapore extends Vaccinated Travel Lane scheme to 8 countries. Check list

  • This comes after the "experience and confidence gained" from the first two vaccinated travel lanes with Brunei and Germany, which were opened last month, the Civil Aviation Authority of Singapore (CAAS) said.
A passenger on Singapore Airlines flight SQ325 -- the first flight to arrive under the new Vaccinated Travel Lane (VTL) -- is pictured in the baggage hall at Changi Airport in Singapore on September 8, 2021. (Photo by Roslan Rahman / AFP)(AFP)
A passenger on Singapore Airlines flight SQ325 -- the first flight to arrive under the new Vaccinated Travel Lane (VTL) -- is pictured in the baggage hall at Changi Airport in Singapore on September 8, 2021. (Photo by Roslan Rahman / AFP)(AFP)
Published on Oct 09, 2021 05:07 PM IST
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Mukesh Ambani joins $100 billion club among world's richest Bezos, Musk

Asia’s richest man Mukesh Ambani has joined Jeff Bezos and Elon Musk in the exclusive $100 billion club as Reliance stocks skyrocketed on Friday.
Reliance Industries chairman Mukesh Ambani(MINT_PRINT)
Reliance Industries chairman Mukesh Ambani(MINT_PRINT)
Published on Oct 09, 2021 11:03 AM IST
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Bloomberg | , New Delhi

CEA KV Subramanian decides to step down from top post

Praising Prime Minister Narendra Modi for his “inspiring” leadership, Subramanian said Modi’s intuitive understanding of economic policy combines with an unmistakeable determination to use the same to elevate the lives of common citizens.
Subramanian was in the 21-member Uday Kotak panel that proposed governance reforms for listed companies in October 2017.(Vipin Kumar /HT file photo)
Subramanian was in the 21-member Uday Kotak panel that proposed governance reforms for listed companies in October 2017.(Vipin Kumar /HT file photo)
Published on Oct 09, 2021 07:03 AM IST
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By Asit Ranjan Mishra, Livemint, New Delhi

RBI ends quantitative easing, keeps policy rates unchanged

That’s the central message from the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), which finished its customary bi-monthly meeting on October 8, and decided to leave the policy rate untouched and maintain a so-called “accommodative stance”, meaning that it will continue to push for growth. RBI also stuck to its forecast of 9.5% growth for 2021-22.
The reverse repo is the rate at which RBI borrows from banks, and is widely considered an effective monetary tool to deal with situations of excess liquidity.(Mint Archives)
The reverse repo is the rate at which RBI borrows from banks, and is widely considered an effective monetary tool to deal with situations of excess liquidity.(Mint Archives)
Published on Oct 09, 2021 06:58 AM IST
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By Roshan Kishore, Hindustan Times, New Delhi

Piyush Goyal urges Asean to remove barriers, curb misuse of FTAs

Trade minister Piyush Goyal also called upon Asean to allow reciprocal FTA concessions to import from India to correct the trade imbalance in favour of Asean.
Trade minister Piyush Goyal.
Trade minister Piyush Goyal.
Updated on Oct 09, 2021 11:30 PM IST
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By Asit Ranjan Mishra, Livemint, New Delhi

‘Big challenge, as well as strong potential in future’: Ratan Tata on AI bid

“The Tata Group winning the bid for Air India is great news,” Ratan Tata said. 
Tata Group Chairman Emeritus Ratan Tata(PTI file photo)
Tata Group Chairman Emeritus Ratan Tata(PTI file photo)
Updated on Oct 09, 2021 04:53 AM IST
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By HT Correspondent, New Delhi

Full circle, after 7 decades: Tatas win back Air India

Tata Airlines was formed in April 1932 under the leadership of Jehangir Ratanji Dadabhoy (fondly called JRD) Tata, India’s first civil aviation pilot, Tata Group Chairman from 1938 to 1991, and the only industrialist to receive the Bharat Ratna.
A feasibility study conducted by Tatas and SIA revealed that robust-middle level managers at Air India would be an asset in turning around the enterprise.(AFP)
A feasibility study conducted by Tatas and SIA revealed that robust-middle level managers at Air India would be an asset in turning around the enterprise.(AFP)
Published on Oct 09, 2021 04:11 AM IST
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By Shashank Shah

Tata Group calls historic takeover of Air India ‘rare privilege’

  • In a statement, a spokesperson of the company said, “At the Tata group, we are delighted to be declared as the winner of the bid for Air India. This is a historic moment, and it will be a rare privilege for our Group to own and operate the country’s flag bearer airline.”
The Tata Sons won the bid for the debt-laden airline for <span class='webrupee'>₹</span>18,000 crore, by buying out the Indian government of its 100 per cent stake.(AP)
The Tata Sons won the bid for the debt-laden airline for 18,000 crore, by buying out the Indian government of its 100 per cent stake.(AP)
Published on Oct 08, 2021 06:53 PM IST
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By hindustantimes.com | Written by Ayshee Bhaduri | Edited by Sohini Goswami, Hindustan Times, New Delhi

What will happen to Air India employees? What about Maharaja logo?

There will be no restriction on Tata Sons regarding the future merger, the finance ministry said. 
Air India brand has eight logos which the new owner will never be able to transfer to any foreign entity. 
Air India brand has eight logos which the new owner will never be able to transfer to any foreign entity. 
Published on Oct 08, 2021 05:05 PM IST
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By hindustantimes.com | Written by Poulomi Ghosh

Welcome back, Air India, tweets Ratan Tata as group wins 18,000-cr bid  

He said the airlines' founder JRD Tata would have been overjoyed had he been alive as under his leadership Air India had gained the reputation of being one of the best airlines in the world.
Representational image.(AFP)
Representational image.(AFP)
Updated on Oct 08, 2021 05:35 PM IST
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Monday, October 11, 2021