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BusinessPhoto: TOI Business

FM Sitharaman on LTCG, STT Relief and Investment Focus

Union Finance Minister Nirmala Sitharaman discussed possible changes to the long-term capital gains (LTCG) tax during budget preparations. SBI Research recommended abolishing LTCG tax on equity to stabilize foreign capital flows. She highlighted investment opportunities in infrastructure, semiconductors, and renewable energy, noting India's strong economic fundamentals. The RBI aims to reduce rupee volatility rather than fix its value.

TOI Business·

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BusinessPhoto: ET Markets

India's Benchmark Bond Rebounds After Four-Day Decline

India's benchmark government bond yield has rebounded after a four-day decline, attracting value investors back to the market. The rise in yields follows a central bank policy rate hike and liquidity measures. The rupee has also appreciated against the dollar due to new central bank support measures. Traders await upcoming US inflation data that may impact Federal Reserve decisions.

ET Markets·

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BusinessPhoto: Mint

Study: 197 Million Indian Workers at Automation Risk, 46 Million to Benefit

A recent study reveals that 197 million Indian workers are highly exposed to automation risks, while 46 million could gain from AI-driven productivity improvements. States like Kerala, Haryana, Maharashtra, and Tamil Nadu are better positioned to benefit, whereas Uttar Pradesh, Bihar, Jharkhand, and Madhya Pradesh face greater challenges from automation.

Mint·

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WorldPhoto: Times of India

Mumbai Woman Loses Rs 11.7 Lakh in Dry Fruit Scam

A 79-year-old woman in Mumbai lost Rs 11.7 lakh after attempting to buy dry fruits worth Rs 248 via a WhatsApp advertisement. A caller pretending to be a company representative convinced her to make 13 UPI transfers, resulting in the significant financial loss despite increased scam awareness.

Times of India··Mumbai

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WorldPhoto: NDTV World

flydubai Case: Crew Tried to Loosen Pilot's Restraints, Gave Pill

In the flydubai case, passenger Assaf testified that crew members attempted to loosen the accused pilot's restraints and prevented passengers from filming. He also stated that the crew tried to put a mysterious pill into the mouth of the injured Indian captain, raising new concerns about the incident.

NDTV World·

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EntertainmentPhoto: NDTV Movies

Mohini Dey to Perform at NDTV World Summit in New Delhi

Mohini Dey, a renowned bassist from Mumbai, will perform at the NDTV World Summit in New Delhi on October 22 as part of the opening act. Starting bass guitar at age nine, she was mentored by jazz legend Louis Banks and toured with Ranjit Barot. Dey released her debut album in August 2023 and has collaborated with artists like A. R. Rahman and Willow Smith.

NDTV Movies··New Delhi

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