The price of 22-carat gold on Saturday slid to Rs 45,240 for 10 gm from Rs 45,380 on Friday. Silver was at Rs 61,600 per kg, according to the Good Returns website.

Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

Japanese air conditioning major Daikin has become the first company to acquire land for a new factory under the production-linked incentive (PLI) scheme for white goods.

The India unit of the multinational, Daikin India, on Friday finished the purchase agreement for a 75-acre plant at Sri City (Andhra Pradesh) to set up a large air-conditioner (AC) manufacturing plant, which will come up in phases. Internal estimates suggested that Daikin would have to invest Rs 1,000 crore in the first phase.

India reported 31,382 new Covid-19 cases in the last 24 hours, even as the active cases declined to its lowest in 188 days, according to the Union Health Ministry data updated on Friday.

The daily Covid fatality crossed the 300-mark yet again as 318 people died in the last 24 hours, pushing the total death count to 4,46,368. The fatality rate stood at 1.33 per cent for the last few weeks.

Shares of Indus Towers hit an over two-year high of Rs 305.65 as they rallied 10 per cent on the BSE in Friday’s intra-day trade. The stock of the tower infrastructure services provider was trading at its highest level since April 2019. In the past seven trading days, it has surged 25 per cent after the government announced reforms in the telecom sector, which have increased Vodafone Idea’s going concern visibility.

Indus Towers Limited (formerly Bharti Infratel Limited) is India’s leading provider of passive telecom infrastructure and it deploys, owns and manages telecom towers and communication structures, for various mobile operators.

Shares of Bharti Airtel hit a new high of Rs 747.6, up 3 per cent on the BSE in Friday’s intra-day trade ahead of ex-date for rights issue on Monday, September 27, 2021. The company’s Rs 21,000-crore rights issue will remain open for subscription between October 5 and October 21.

The telecom services provider has fixed Tuesday, September 28, 2021 for the purpose of determining the shareholders who shall be eligible to receive the rights entitlement in the Issue.

The Indian rupee depreciated 13 paise to 73.77 against the US dollar in opening trade on Friday, in line with other Asian currencies amid a strong greenback in the overseas market.

At the interbank foreign exchange, the rupee opened on a weak note and fell to 73.77 against the dollar, registering a decline of 13 paise from the last close, even as the domestic equity market was trading with handsome gains.

Amazon has been of late and also for sometime now making some contradictory statements about its legal expenses in India. The company has claimed that it incurred a meagre expense of Rs 52 crore towards legal fees in FY20.

This is out of the total expense of Rs 1,967.5 crore shown as legal professional charges in financial statements of Amazon Seller Services Private Limited as sourced from the website of Ministry of Corporate Affairs.

London, Mumbai and Bangalore have featured among the world's top startup hubs, according to a comprehensive ranking of international startup hubs compiled by Startup Genome for its annual Global Startup Ecosystem Report 2021.

Despite Brexit and the coronavirus pandemic, London maintained its second-place ranking tied with New York for the second year in a row. Bangalore also ranked in the top 30 global tech hubs (#23 globally) and Delhi made it into the top 40 list, coming in at 36th.

Noting that democracies around the world are under threat, US Vice President Kamala Harris on Thursday said it is imperative that India and the US defend democratic principles and institutions within their respective countries and around the world.

Harris made the remarks during her joint statement with Prime Minister Narendra Modi.

Two-thirds of India’s adult population has received the first dose of the Covid vaccine and nearly one-fourth, or 23 per cent, is now fully vaccinated. Also, according to the health ministry, private hospitals accounted for only six per cent of the Covid vaccines given in the country since May this year.

States and union territories that have covered their entire eligible population with at least one dose of the Covid vaccine include Himachal Pradesh, Goa, Lakshadweep, Andaman & Nicobar Islands, Chandigarh and Sikkim.

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