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  1. Business News Highlights: Retail inflation in Sep hits 9-month high of 5.49%

Business News Highlights: Retail inflation in Sep hits 9-month high of 5.49%

Upstox

5 min read | Updated on October 14, 2024, 20:12 IST

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SUMMARY

Stay tuned for live updates on the latest business news, trends, and breaking developments on October 14, 2024.

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  1. Retail inflation in Sep hits 9-month high of 5.49%

    Soaring vegetable prices pushed the retail inflation rate to a nine-month high of 5.49 percent in September, according to government data released on Monday.

    The consumer price index (CPI)-based retail inflation rate was 3.65 percent in August and 5.02 per in September 2023. The previous high inflation rate was witnessed in December 2023 at 5.69 percent.

    October 14, 2024, 20:12 PM

  2. SEBI introduces framework to monitor shareholding of market infra institutions

    Markets regulator SEBI on Monday introduced a framework to monitor shareholding limits, public shareholding requirements, and the "fit & proper" criteria for Market Infrastructure Institutions (MIIs), which include stock exchanges, clearing corporations, and depositories.

    This framework applies to both listed and unlisted MIIs, requiring them to disclose their shareholding patterns quarterly on their websites as per SEBI's Listing Obligations (LODR) norms, the regulator said in a circular.

    October 14, 2024, 20:00 PM

  3. Nobel Prize in Economics 2024 awarded to Daron Acemoglu, Simon Johnson and James A. Robinson

    The Nobel Prize in Economic Sciences was awarded to Daron Acemoglu, Simon Johnson and James A. Robinson for “studies of how institutions are formed and affect prosperity.” The Nobel Committee announced the laureates on Monday, October 14, from Stockholm, Sweden.

    “This year’s laureates in the economic sciences—Daron Acemoglu, Simon Johnson and James Robinson—have demonstrated the importance of societal institutions for a country’s prosperity,” the Nobel Prize committee said. Read more.

    October 14, 2024, 19:32 PM

  4. Ladki Bahin Yojana: Maharashtra govt announces Diwali Bonus 2024, check key details

    The Maharashtra government has announced the Diwali Bonus 2024 under the Mukhyamantri Majhi Ladki Bahin Yojana. According to the recent announcement, the government will transfer the 4th and 5th instalments of ₹3000 to the bank accounts of the beneficiaries selected for the Ladki Bahin Yojana Diwali Bonus 2024 program, as per a report by the Economic Times (ET). Read More

    October 14, 2024, 19:28 PM

  5. Cement industries growth to slow down to 7-8% to 475 MT in FY25

    The cement industry is expected to record slower growth of 7 to 8% to 475 million tonnes this fiscal, impacted by lower growth in the first half after registering a double-digit growth from the last two financial years, according to a Crisil report. Read more.

    October 14, 2024, 18:25 PM