SBI Mutual Fund has increased its shareholding in Swiggy to over 5%. The fund house disclosed this change in its latest regulatory filing. This makes it a significant shareholder in the food delivery platform. The move indicates continued institutional investor interest in Swiggy ahead of its anticipated public listing.
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Analysts suggest former US President Donald Trump's foreign policy could indirectly affect Nobel Peace Prize selections. His approach has altered international dynamics on key issues like Middle East peace. This shift may make the Norwegian Nobel Committee more likely to recognize different types of diplomatic efforts. The committee's future choices could be shaped by this changed geopolitical landscape.
The Indian government has kept the Public Provident Fund interest rate unchanged at 7.1% for the October-December 2023 quarter. This rate applies to small savings schemes like the PPF and the Sukanya Samriddhi Account. The decision was announced by the Finance Ministry and aligns with the established method for setting these rates. Interest rates for other small savings instruments also remained the same for the third quarter of the 2023-24 financial year.
The National Consumer Disputes Redressal Commission has ordered a car manufacturer to refund a customer approximately 10.99 lakh rupees. The case concerned a defect in the diesel particulate filter of a BS6-compliant vehicle purchased in 2020. The consumer faced repeated malfunctions with the emissions control system despite repairs. The commission ruled in the consumer's favor, citing a failure to resolve the inherent defect.
Apple is reportedly planning a new product launch event next month. The event is scheduled for October 13, according to a report. The announcement is expected to follow the company's annual autumn pattern of hardware updates. Specific details about the products were not disclosed in the report.
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