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BusinessPhoto: NDTV World

Iran Limits Dollar Purchases to $1,000 Daily Amid Sanctions

Iran has set new rules limiting US dollar purchases to $1,000 per day and $10,000 total due to sanctions straining its financial system. Buyers use bank cards and national IDs for amounts between $100 and $1,000. On October 22, the dollar traded at 262,000 riyals, nearly double the rate from early 2023. The US recently imposed sanctions targeting Iran's financial networks and military funding.

NDTV World·

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HealthPhoto: Amar Ujala

Corbevax Vaccine Updated Against New Covid Variant JN.1

The Corbevax vaccine will be updated to protect against the new Covid JN.1 variant. The CDSCO expert committee approved changes to the vaccine developed by Biological-E, based on studies involving 280 people aged 18 to 80. The committee set conditions including submission of safety data, monitoring adverse effects, providing separate information leaflets for healthcare workers and recipients, and recording vaccinations on CoWIN or U-WIN platforms.

Amar Ujala·

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BusinessPhoto: Mint Companies

OmniActive Plans $200-300M IPO at $1 Billion Valuation

OmniActive, backed by TA Associates, is planning an IPO valued between $200-300 million with a $1 billion valuation. This move follows multiple failed attempts to raise private capital due to macroeconomic challenges and geopolitical tensions. If successful, OmniActive will become the first pure-play nutraceutical company to be listed on stock exchanges.

Mint Companies·

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WorldPhoto: NDTV

Delhi Heritage Walks Start October 24 at Mehrauli Park

Delhi Heritage Walks will begin on October 24 with the first walk at Mehrauli Archaeological Park at 4 PM. Heritage experts will guide visitors through historic structures, sharing insights on their architecture and lesser-known stories from Delhi's past. These walks aim to explore ancient tombs and forest trails within the city.

NDTV··Delhi

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BusinessPhoto: Mint Markets

Indian Equities Fall Amid Crude Oil Above $110 and West Asia Tensions

Indian stock markets declined for the second consecutive session on Thursday as crude oil prices remained above $110 per barrel. Rising tensions in West Asia heightened inflation concerns for India's oil-dependent economy. The Nifty 50 dropped 123.70 points (0.54%) to close at 22,687.65, hitting an intraday low of 22,554.85, while the Sensex fell 460.30 points (0.62%) to 73,249.39.

Mint Markets·

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BusinessPhoto: Mint Companies

Listed Companies Seek Legal Advice Amid Boardroom Governance Issues

Listed companies are increasingly consulting lawyers for guidance on board composition, independent director appointments, and resolving disagreements. This trend comes as corporate governance gains importance and resignations from listed-company boards reach a five-year high, highlighting growing challenges in boardroom management and compliance.

Mint Companies·

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