IEX trading volumes dip

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⭐ IEX trading volumes dip 

Trading volumes on Indian Energy Exchange (IEX) dipped 18% year-on-year to 7,805 million units (MU) in August 2022. The exchange highlighted that the supply side issues remained due to high prices of imported coal, fuel shortage and increased e-auction price.

⭐ Matrimony.com launches new platform

Matrimony service provider has launched a matchmaking platform called RainbowLuv for the LGBTQIA+ community. The company is, reportedly, eyeing the 80-150 lakh user market. It also believes that the service could find better response from smaller cities where the community meetup opportunities are lesser compared to metro cities. 

⭐ OPEC to cut oil output

For the first time in a year, OPEC agreed to cut oil output. The move is aimed to stabilise international crude oil prices which have been on a decline over the last three months. Global economic slowdown had a negative impact on crude prices. OPEC will reduce production by 100,000 barrels per day in October. OPEC will meet next on 5 October.

Global markets (at 7:30 AM today)

Fact of the day

According to the reports, a 43-year-old woman in the US won a $50,000 (nearly ₹40 lakh) lottery prize by using the license plate number from her wrecked car. 

Source: NDTV