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  1. Business News Highlights: Air India hired 9,000 employees in two years, says Air India chief

Business News Highlights: Air India hired 9,000 employees in two years, says Air India chief

Upstox

5 min read | Updated on September 20, 2024, 19:30 IST

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SUMMARY

Stay tuned for live updates on the latest business news, trends, and breaking developments on September 20, 2024.

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  1. 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

  2. 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

  3. 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

  4. 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

  5. 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.

    The entities have inked a memorandum of understanding focused on small commercial vehicles and light commercial vehicles initially, the Mumbai-based auto major said in a statement. Read more.

    September 20, 2024, 16:28 PM

  6. 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

  7. 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.

    The survey by global analytics software company FICO stated that more than a quarter (27 percent) of Indians believe it is normal for people to deliberately misrepresent their income on mortgage applications. Read more.

    September 20, 2024, 16:38 PM

  8. 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

  9. 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.

    The new fund offer (NFO) will remain open for subscription till October 4 while the units under the scheme would be allotted on October 11, the company said. It also said that the scheme will be benchmarked to the Nifty India Manufacturing Index (Total Return Index). Read more.

    September 20, 2024, 15:49 PM

  10. Retail inflation eases to 5.96% for farm workers and 6.08% for rural labourers in August

    Retail inflation for farm workers and rural labourers eased to 5.96 percent and 6.08 percent, respectively, in August against the comparative figures of 6.17 percent and 6.20 percent recorded in July this year. Read more.

    September 20, 2024, 14:59 PM

  11. PE firm EQT acquires Indostar Home Finance for ₹1,750 crore

    Private equity firm EQT has agreed to acquire a 100 percent stake in Indostar Home Finance, a wholly-owned subsidiary of Indostar Capital Finance Limited, for ₹1,750 crore ($210 million).

    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

  12. Torrent Pharma gets Form 483 with observation from USFDA for Pithampur plant

    Torrent Pharmaceuticals on Friday said the US health regulator has issued a Form 483 with one observation after inspecting its Pithampur-based manufacturing facility.

    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

  13. 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

  14. 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

  15. 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