Business News Highlights: Air India hired 9,000 employees in two years, says Air India chief
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5 min read | Updated on September 20, 2024, 19:30 IST
SUMMARY
Stay tuned for live updates on the latest business news, trends, and breaking developments on September 20, 2024.

Air India hired 9,000 employees in two years: Air India chief
Air India has hired 9,000 employees, including 5,000 crew members, in the last two years to meet the workforce requirement for its expanding fleet and network, the airline's chief Campbell Wilson said on Friday.
September 20, 2024, 19:00 PM
SEBI allows mutual funds to buy, sell credit default swaps
Markets regulator SEBI on Friday allowed mutual funds to both buy and sell Credit Default Swaps (CDS), a move aimed at increasing liquidity in the corporate bond market.
This flexibility to participate in CDS would serve as an additional investment product for mutual funds, SEBI said in a circular.
September 20, 2024, 18:40 PM
Food price volatility remains contingent risk: RBI
Food price volatility remains a contingent risk even as the overall retail inflation has remained below the target of 4 per cent for the second consecutive month in August, said the latest Bulletin of the Reserve Bank released on Friday.
September 20, 2024, 18:20 PM
Housing sales seen falling 18% annually in Jul-Sep across top 9 cities on high base: PropEquity
Housing sales are estimated to decline 18 percent during July-September quarter across nine major cities to 1,04,393 units on high base, according to PropEquity data.
Real estate data analytic firm PropEquity on Friday released the data for housing sales across nine major cities.
September 20, 2024, 17:35 PM
Tata Motors joins hands with ESAF Small Finance Bank for vehicle finance
Tata Motors on Friday said it has tied up with ESAF Small Finance Bank to offer financing solutions to its commercial vehicle customers.
September 20, 2024, 16:28 PM
Govt may extend import management system for laptops, tablets for 3 months
The government is expected to extend the existing import management system for imports of certain IT hardware products including laptops and tablets for three months, an official source said.
The deadline for review of the system is September 30.
September 20, 2024, 16:25 PM
Three out of 5 consumers think it's normal to exaggerate income on loan applications: Survey
hree out of five consumers surveyed in India believe it is normal for people to exaggerate income on loan applications, according to a report on people’s attitudes toward first-party financial fraud.
September 20, 2024, 16:38 PM
Nadda calls for regulatory norms for novel foods like lab-grown meat, plant-based proteins
Health Minister J. P. Nadda on Friday stressed the need for rigorous food safety standards and an adaptable regulatory framework to address innovative food trends such as plant-based proteins, insect proteins, and lab-grown meat.
September 20, 2024, 16:24 PM
LIC Mutual Fund launches new scheme
LIC Mutual Fund on Friday launched a new Manufacturing Fund, an open-ended equity scheme following the manufacturing theme.
September 20, 2024, 15:49 PM
Retail inflation eases to 5.96% for farm workers and 6.08% for rural labourers in August
September 20, 2024, 14:59 PM
PE firm EQT acquires Indostar Home Finance for ₹1,750 crore
The Sweden-based firm announced that the BPEA Mid-Market Growth Partnership (or the MMG fund) would acquire the mortgage firm subject to regulatory approvals, a joint statement issued on Friday said.
September 20, 2024, 14:33 PM
Torrent Pharma gets Form 483 with observation from USFDA for Pithampur plant
The US Food & Drug Administration (USFDA) conducted a routine GMP inspection of the company's formulation manufacturing plant at Pithampur, Madhya Pradesh from September 16-20, the drug maker said in a regulatory filing.
September 20, 2024, 14:28 PM
PhysicsWallah raises $210 million; valuation jumps 2.5 times to $2.8 billion
Edtech unicorn PhysicsWallah said on Friday it has raised $210 million in a funding round led by Hornbill Capital at a 2.5 times higher valuation of $2.8 billion.
Lightspeed Venture Partners, along with existing investors GSV and WestBridge, also participated in the funding round.
September 20, 2024, 12:47 PM
Govt notifies October 1 as start date for Vivad Se Vishwas 2.0
The government has notified October 1 as the starting date for direct tax dispute resolution scheme Vivad Se Vishwas 2.0.
Vivad Se Vishwas scheme 2.0 was originally announced in Budget 2024-25 presented in July for resolution of certain income tax disputes pending appeal.
September 20, 2024, 12:45 PM
NTPC board approves ₹9,700 crore investment for 800 MW Sipat project
State-owned power giant NTPC on Thursday said its board has approved an investment of ₹9,790.87 crore for stage-III of the Sipat Super Thermal Power Project.
The decision was taken at the meeting of the board of directors of the company, NTPC said in a regulatory filing.
September 20, 2024, 10:47 AM
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