Govt’s subsidised onion sale lowers prices in major cities; expands distribution efforts
The government's subsidised onion sale initiative, launched on September 5, has led to a reduction in onion prices across several major cities within days, according to the Ministry of Consumer Affairs. This initiative aims to ease the burden on consumers amid rising prices, offering onions at a subsidised rate of Rs 35 per kg. In key cities like Delhi, Mumbai, and Chennai, retail onion prices have already dropped. In Delhi, the price fell from Rs 60 to Rs 55 per kg, while in Mumbai, prices reduced from Rs 61 to Rs 56 per kg. Chennai saw a sharper decline, with prices dropping from Rs 65 to Rs58 per kg. Read here
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Take a look at these key events
Today
Engineer’s Day India
International Day of Democracy
Thiruvonam
Advance tax payment: 2nd installment deadline
10 new Vande Bharat Express Trains to be launched by PM Modi
PM Modi to allot 2 crore new houses in Jamshedpur
Tomorrow
Vishwakarma Puja
Malaysia Day
World Ozone Day
Bajaj Housing Finance shares to debut
Arkade Developers' IPO to open
Wardwizard Healthcare to discuss fundraising plans
India’s first Vande Bharat Metro launch
PM Modi to flag off Nagpur-Hyderabad, Durg-Visakhapatnam Vande Bharat trains
Kia Carnival bookings to open in India
Mercedes-Benz EQS SUV launch in India
TVS Apache RR 310 launch in India
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Broader indices at record high; smallcaps shine as more than 60 gain 10-30%
The broader indices hit all-time highs and performed in line with the main indices due to a strong monsoon, expectation of uptick in demand due to the festive season, and data points indicating a rate cut by the US Fed in its upcoming policy meet. On the BSE Smallcap index, Hardwyn India, Panacea Biotec, Sadhana Nitrochem, Cressanda Solution, Renaissance Global, Jubilant Pharmova, Sundaram-Clayton, Zaggle Prepaid Ocean Services, Ester Industries, and Century Textiles and Industries rose between 20-30 percent. On the other hand, Abans Holdings, Granules India, MPS, VST Industries, TV Today Network, Jagran Prakashan, Cera Sanitaryware, Phoenix Mills, and Ddev Plastiks Industries fell between 7-21 percent. Read more here
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Apple AirPods 4 vs AirPods 3: Which all has changed
Apple has launched the new AirPods 4 with active noise cancellation (ANC) support, a new design, new features, and a better speaker. Let us see how they compare with their predecessor, the AirPods 3.
LG Electronics taps top banks for $1.5 billion IPO of Indian unit: Report
South Korea’s LG Electronics Inc. is likely to gear up for a significant initial public offering (IPO) of its Indian operations, potentially raising up to $1.5 billion, sources familiar with the matter told Bloomberg. The move is part of LG’s broader strategy to boost its electronics revenue and invigorate its consumer electronics segment. Bloomberg reports that LG has selected a consortium of major banks to manage the IPO, including Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., and Morgan Stanley. Read more here
Spot the tell-tale signs of investment scams and know how to avoid them
Here are some tell-tale signs that make a perfectly-sounding investment product, a red herring.
How female superstars are reshaping roles after 40
From Jyotika, Sneha, Manju Warrier to Trisha, Indian cinema's leading women are redefining age-appropriate roles and balancing personal and professional lives. Read here
