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Top News of Oct 28: India's biggest IPOs of all time; Maruti Suzuki hit by semiconductor woes and more

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Here are the top news from the world of business, economics, national and international politics and more, handcrafted for you by the CNBC-TV18.com team.

Top News of Oct 28: India's biggest IPOs of all time; Maruti Suzuki hit by semiconductor woes and more
The Indian Railway Catering and Tourism Corporation (IRCTC) on Thursday informed the stock exchanges that it will share half of the revenues earned from convenience fees with the government. Maruti Suzuki said the second half of the year looks uncertain due to the semiconductor shortage. Sensex lost 1,159 points and slipped off Mount 60,000 in what was the worst show in six months for the benchmark.  For all these stories and everything in between, here are some top news of the day

ECONOMY/BUSINESS
IRCTC to share 50% of convenience fee with govt
The Indian Railway Catering and Tourism Corporation (IRCTC) on Thursday informed the stock exchanges that it will share half of the revenues earned from convenience fees with the government. Continue Reading
GST collections for October to trend above Rs 1 lakh crore
The Goods and Services Tax (GST) revenue collections are expected to trend above Rs 1 lakh crore for the fourth month in a row, sources told CNBC-TV18 adding that collections are likely to be between Rs 1.15-1.20 lakh crore. Read more
Indias's crude imports hit 5-month high
India's crude oil imports for September hit a five-month high, government data showed as economic activity picked up, leading to higher fuel demand. Read more

MARKETS
Sensex's worst performance in 6 months, slips off-Mt 60,000
Sensex lost 1,159 points and slipped off Mount 60,000 in what was the worst show in six months for the benchmark. Nifty also closed below 17,900 ahead of the expiry of monthly derivatives. This across the board sell-off was led by deep losses in the financial and IT sectors. Read more
Morgan Stanley downgrades India
Another international brokerage firm has downgraded Indian equities. Morgan Stanley, citing expensive valuations said it has downgraded Indian equities to equal-weight from overweight. Read more
Maruti Suzuki uncertain due to semiconductor shortage
Shashank Srivastava, executive director of sales at Maruti Suzuki said though things are progressing upwards, there is still uncertainty about when things will normalise. He added the second half of the year looks uncertain due to the semiconductor shortage. Read more 
INDIA
Govt extends nationwide containment measures till Nov 30
The Centre on Thursday extended the nationwide COVID-19 containment measures till November 30 as there has been localised spread of the virus in a few states and the disease continues to be a public health challenge in the country. Continue Reading
Aryan Khan gets bail in Mumbai cruise drugs case
Bombay High Court on Thursday granted bail to Aryan Khan, son of actor Shah Rukh Khan, in Mumbai cruise drugs case. Continue Reading
Who is Justice RV Raveendran, retired  judge to head Pegasus probe?
The Supreme Court of India has appointed retired top court judge Justice R.V. Raveendran to supervise a three-member committee that will examine the allegations of unauthorised surveillance using Israeli spyware Pegasus. Continue Reading

INTERNATIONAL
US issues first passport with 'X' gender marker; why it’s significant
The US government has issued its first passport with an X gender designation, a significant step that recognises non-binary, intersex and gender-nonconforming people as a third gender in official documents. Read more
US consumer watchdog lays out ambitious agenda on Big Tech
Chief consumer finance watchdog Rohit Chopra told U.S. lawmakers on Wednesday his agency will investigate Big Tech's impact on the flow of money in the economy as leading technology firms use real-time consumer payments systems that collect huge amounts of personal data. Read more
Energy crisis could lead to social unrest, worsen inflation
The current energy scarcities are so severe they could lead to social unrest across the world, Stephen Schwarzman, the billionaire co-founder and CEO of the investment firm Blackstone, said. Read more

YOU & I
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Shoes for children by Nike, Adidas executives
Three former executives of global footwear brands like Nike and Adidas have ventured into the Indian market to make shoes for Indian children. What's new you wonder? Tap to know more
India's biggest IPOs of all time
As Paytm gears up to launch mega IPO, a look at India's biggest public offers. Check the list here
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