Yesterday's big news was related to Netflix India. OTT platform Netflix India is under government investigation for visa violation, racial discrimination, tax evasion and several business practice irregularities. Meanwhile, Vodafone-Idea has signed a deal of 3.6 billion dollars i.e. 30 thousand crores rupees with Nokia, Ericsson and Samsung for the supply of 4G and 5G network equipment in three years.
Before tomorrow's big news, today's major events, which will be in focus…
- There may be a rise in the stock market today on Monday.
- There has been no change in the prices of petrol and diesel.
Now read yesterday's big news…
1. Netflix India under government scrutiny: OTT platform accused of visa violations, racial discrimination and tax evasion
OTT platform Netflix India is under government investigation for visa violations, racial discrimination, tax evasion and several business practice irregularities. Reuters has given this information citing a government email.
The investigation was revealed in an email sent on July 20 by Deepak Yadav, an official of the Foreigners Regional Registration Office (FRRO), India's Home Ministry, to Nandini Mehta, Netflix's former director of business and legal affairs in India.
Click here to read the full news…
2. Vodafone-Idea will soon launch 5G: ₹30 thousand crore deal with Nokia-Ericsson and Samsung, VI will also expand 4G
Vodafone-Idea has signed a deal worth $3.6 billion (Rs 30 thousand crores) with Nokia, Ericsson and Samsung for the supply of 4G and 5G network equipment over three years. This is the first step towards the implementation of the company's $6.6 billion (Rs 55 thousand crores) three-year capex plan.
The company's target with this plan is to increase the 4G population coverage from 1.03 billion (103 crores) to 1.2 billion (120 crores), launch 5G in key markets and increase capacity under data growth.
Click here to read the full news…
3. BookMyShow website and app crashed: Ticket booking for British band Coldplay's concert had started, the performance is to take place next year
The Website and app of ticket booking platform BookMyShow crashed on Sunday, September 22. The crash happened just after the booking for British band Coldplay's India performance started at 12 noon. However, bookings resumed after about half an hour.
Coldplay will perform in India for the first time in 2016. The concert is scheduled to be held on 18 and 19 January next year at DY Patil Stadium in Navi Mumbai. Ticket prices start at Rs 2,500. The most expensive ticket is for the lounge which costs Rs 35,000.
Click here to read the full news…
4. Stock market expected to rise this week: From US GDP data to foreign investors, 5 factors will decide the market movement
The stock market is expected to remain bullish this week. Factors such as US GDP data and Federal Reserve Chairman Jerome Powell's speech to purchases by foreign and domestic investors in the market will determine the market movement.
Siddharth Khemka, Research Head, Wealth Management, Motilal Oswal Financial Services, said, “Markets are gradually moving higher and we expect this positive momentum to continue next week with strong FII inflows.”
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5. Manba Finance IPO will open from tomorrow: Investors can bid till September 25, minimum investment of Rs 15,000 will be required
Manba Finance Limited's Initial Public Offering i.e. IPO will open from tomorrow (September 23). Investors will be able to bid for this IPO till September 25. The company's shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on September 30.
Manba Finance wants to raise a total of ₹150.84 crore through this issue. For this, the company will issue 12,570,000 fresh shares worth ₹150.84 crore. The existing investors of the company are not selling a single share through Offer for Sale i.e. OFS.
Click here to read the full news…
6. Foreign supply of gold increased after import duty reduction: Gold import tripled, prices increased by Rs 3000; yet demand will increase by 30% during festivals
The price of gold in the country has increased by 4.2% (Rs 2,985/gram) in a month to Rs 74,093 per ten grams. After the import duty was reduced in the budget, the price has increased more than the reduction. Despite this, experts believe that the demand for gold will set a record during the festive season.
Due to reduction in import duty, it has become easier to import gold from abroad. It is reaching all the jewelers of the country. According to an estimate, the demand for gold will increase by more than 30% this festive season. After the reduction in import duty on gold in the general budget, India's gold imports have increased more than three times in August.
Click here to read the full news…
Also see who were the top 10 richest people in the world yesterday…
The market was closed yesterday due to Sunday holiday, so know the status of stock market and gold-silver on Friday…
Know the latest price of petrol, diesel and gas cylinder…
Graphics Source: VaskarAssets
