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Top News of Sep 8: Ola electric scooter sale begins, AMFI releases mutual fund data 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 Sep 8: Ola electric scooter sale begins, AMFI releases mutual fund data and more
Ola Electric scooters — S1 and S1 Pro — are available for purchase from today. The company had launched the scooters on August 15. The Indian government is considering allowing foreign institutional investors to buy up to a total of 20 percent in state-owned Life Insurance Corporation (LIC). At least 14 members of the Taliban’s hardline interim government in Kabul are on the UN Security Council’s terrorism blacklist. For all these stories and everything in between, here are some top news of the day
ECONOMY
India to post strong GDP growth in coming quarters: S&P 
India is expected to post strong economic growth in the coming quarters, even as inflation, led by food prices, is likely to remain elevated, S&P Global Ratings said on Wednesday. The economy is expected to clock 9.5 percent growth in the current fiscal year, followed by 7 percent expansion in the next year. Continue reading
Auto PLI scheme only for electric vehicles, hydrogen fuel cell vehicles 
The Production-Linked Incentive (PLI) scheme for the automobile sector will only include incentives for electric vehicles and hydrogen fuel cell vehicles, sources told CNBC-TV18 on Wednesday. Continue reading
India may let foreign investors buy up to 20% in LIC IPO 
The Indian government is considering allowing foreign institutional investors to buy up to a total of 20 percent in state-owned Life Insurance Corporation (LIC), a government source said on Wednesday, as it presses ahead with a stake sale. Continue reading

 
MARKETS
Why Saurabh Mukhearjea is bullish on Bajaj Finance shares 
Market veteran Saurabh Mukherjea is bullish on Bajaj Finance, a company he believes is on its way to becoming "a digital giant". The financial technology angle will give the company a new dimension, he told CNBC-TV18. Continue reading
August general insurance and mutual fund data
The industry numbers for the general insurance sector saw strong growth in August. The premium in the general insurance industry grew by 24 percent on a year-on-year basis in August. The net equity inflow for August stood at Rs 24,392.2 crore with a staggering investment in the Flexi-cap category. Continue reading here and here.
Here's why Bitcoin crashed the day El Salvador accepted it as a legal tender 
The world's largest cryptocurrency crashed and burned from the highs of $53,000 amid El Salvador's rocky rollout of Bitcoin as a legal tender. According to some analysts, users on social media platforms like Twitter and Reddit had sensed the pullback coming in advance. Continue reading

YOU & ME
Ola electric scooter sale begins today. Here's how to buy 
Ola Electric scooters — S1 and S1 Pro — will be available for purchase from Wednesday. The company had launched the scooters on August 15. While Ola S1 will cost Rs 99,999 (ex-showroom price), S1 Pro is priced at Rs 1,29,999 (ex-showroom price). Here's how you can order the scooters.
Sebi's new peak margin norms come into effect: Here's what you should know
The final phase of SEBI's peak margin rules went into effect from September 1. Here's how the rules will affect marhins collected in cash and F&O segements.

 
WORLD
At least 14 members of Taliban's govt on UNSC's terrorism blacklist
At least 14 members of the Taliban’s hardline interim government in Kabul are on the UN Security Council’s terrorism blacklist. Continue Reading
Mexico's Supreme Court rules that abortion is not a crime
The decision comes one week after a Texas law took effect prohibiting abortions once medical professionals can detect cardiac activity in the fetus. Continue Reading
Vietnamese man gets 5 years in jail for spreading COVID-19 virus
A 28-year-old man has been jailed for five years in Vietnam for breaking the COVID-19 strict quarantine rules of the country. The court convicted Le Van Tri for spreading the infectious disease. Continue Reading 
INDIA
Women will be inducted in National Defence Academy: Centre tells Supreme Court
The government took the decision on Tuesday after consulting with three service chiefs, it told the top court.” It will be path breaking and generational reform,” the Centre said in the court. Continue Reading
India-Japan discuss climate change, green hydrogen in high-level policy dialogue on environment
During the dialogue, held virtually, issues of air pollution, sustainable technologies and transport, climate change and marine litter, fluorocarbons and COP26 were also discussed, the Union environment ministry said in a statement. Continue Reading
Many feared dead as two boats collide in Brahmaputra in Assam's Jorhat
The collision occurred when the private boat 'Ma Kamala' was headed to Majuli from Nimati Ghat and the government-owned ferry 'Tripkai' was coming from Majuli. Read details
 
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