By CNBCTV18.com Oct 26, 2021 9:38:56 PM IST (Updated)
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.
The Bombay High Court on Tuesday temporarily barred Invesco, one of Zee's largest investors, from calling an extraordinary general meeting of Zee Entertainment. A technical advisory group of the World Health Organisation was on Tuesday reviewing data on Covaxin for the emergency use listing of India's indigenously-made vaccine. Nomura, a global financial services group has downgraded Indian equities as it believes Indian stocks are expensive, trading above their pre-Covid multiples. For all these stories and everything in between, here are some top news of the day
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BUSINESS
Airtel opts for moratorium on AGR dues
Bharti Airtel informed the Department of Telecom (DoT) of availing the four-year moratorium on adjusted gross revenue (AGR) and spectrum dues. Read more
Kotak Mahindra Bank declines 7% to Rs 2,032 crore
Kotak Mahindra Bank on Tuesday reported a standalone net profit of Rs 2,032 crore for the July-September period, down 7 percent on a year-on-year basis. The private sector lender's standalone net interest income (NII) - the difference between interest earned and interest expended - rose 3.2 percent on year to Rs 4,020.6 crore.
HC temporarily bars Invesco from calling ZEE AGM
The Bombay High Court on Tuesday temporarily barred Invesco, one of Zee's largest investors, from calling an extraordinary general meeting of Zee Entertainment. Read more
MARKETS
After UBS, Nomura downgrades India
Nomura, a global financial services group has downgraded Indian equities as it believes Indian stocks are expensive, trading above their pre-Covid multiples. Dig deeper
CEAT tanks 10% after Q2 earnings
CEAT shares declined as much as 10 percent in the early trading session and became the worst performer on Nifty after the company reported lower-than-expected results for the September quarter. Dig deeper
Tech Mahindra at 52-week high. Buy or sell?
Tech Mahindra shares surged to 52-week highs a day after the IT major posted earnings for the September quarter. The shares surged over 7 percent in early deals. Dig deeper
INDIA
Review of Covaxin by WHO underway
A technical advisory group of the World Health Organisation was on Tuesday reviewing data on Covaxin for the emergency use listing of India's indigenously-made vaccine and if it is satisfied a recommendation is expected within the next 24 hours or so, a spokesperson said. Read here
No bail for Aryan Khan; hearing adjourned till Wednesday
Bombay High Court on Tuesday adjourned the hearing on bail application of Aryan Khan, son of actor Shah Rukh Khan, till Wednesday. Continue Reading
UP elections 2022: Law and order likely to be a theme in political slugfest
In its bid to be re-elected, BJP's Yogi-led government is likely to project maintaining law and order as among its biggest achievements, even as the Opposition could present a contrary picture of the deteriorating law and order in the state. Continue Reading
INTERNATIONAL
Japan's unease at China-Russia joint naval drills explained
Democratic countries in the Indo-Pacific region -- Australia, Japan, India, the US, Canada and the UK -- are feeling the heat of China and Russia coming close to rival the US. For a clearer picture, read here
Princess Mako of Japan marries commoner, loses royal status
Japanese Princess Mako married Kei Komuro, a commoner, on Tuesday, and lost her royal status. The princess and Komuro were classmates Tokyo’s International Christian University. The proposed marriage had public opinion in the country being split. A financial dispute involving her new mother-in-law delayed the marriage by three years. Read on here
Biden to join ASEAN summit Trump skipped after 2017
US President Joe Biden will take part in a virtual summit with the ASEAN on Tuesday. The US has not joined these meetings at the presidential level since Donald Trump last attended an ASEAN-US meeting in Manila in 2017. Read on for more details
YOU & I
Banks to be closed on these 17 days in November
Public and private sector banks in the country will remain shut for 17 days in November as per a Reserve Bank of India (RBI) notification. Check out the list here
Here's how to check ITR refund status
The IT department allows taxpayers to claim any excess payment of tax by filing an income tax return the deadline for which will end in December 2021. Check out more details here
Cybercriminals find new targets
Analysts from Check Point Research (CPR) have predicted supply chain cyberattacks with larger ransom demands in the coming year. Check here
(Edited by : Aditi Gautam, Yashi Gupta)
First Published: Oct 26, 2021 8:56 PM IST
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