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India’s September Services Growth Hits 10-Month Low According to PMI Data: Business News LIVE Updates on October 4, 2024

In today’s fast-paced world, staying updated on the latest business news is crucial for making informed decisions. With real-time updates on the biggest news from the world of business, stock market, and more, you can stay ahead of the curve and navigate the ever-changing landscape of the business world. Here are some of the top stories making headlines in the business world today:

India’s manufacturing PMI fell to an eight-month low of 56.5 in August, contributing to a decline in the composite PMI to 58.3 in September, marking the weakest overall performance since November last year. This decline in PMI indicates a slowdown in the manufacturing sector, which could have broader implications for the Indian economy.

In other news, India’s services sector growth hit a 10-month low in September, with the purchasing managers‘ index dropping to 57.7, down from 60.9 in August. This slowdown in the services sector could further dampen economic growth prospects in the country.

Stock market investors lost over ₹13 lakh crore in the last five trading sessions, as Nifty and Sensex dropped over 4% due to geopolitical tensions and changes in SEBI regulations. This volatility in the stock market underscores the importance of diversifying investments and staying informed about market trends.

On the technology front, BenQ TK710 is further proof that projectors can be alternatives to large TVs. With advancements in technology, projectors offer a viable option for home entertainment systems, providing a larger screen experience without the need for a bulky television set.

Apple’s decision to manufacture the iPhone 16 Pro and Pro Max locally in India is a significant step in its commitment to the Indian market. This move not only boosts local manufacturing but also strengthens Apple’s presence in one of the fastest-growing smartphone markets in the world.

In the world of finance, gold and silver prices continue to fluctuate, with the price of 10 gm of 24-carat gold at Rs. 77733.0 in Delhi and 1 kg of silver at Rs. 98100.0/Kg in Delhi. Keeping track of these prices can help investors make informed decisions about their precious metal investments.

WhatsApp’s new tagging feature in status updates allows users to like, reshare, and tag others in their status updates. This new feature enhances user engagement and interaction on the messaging platform, providing more ways to connect with friends and family.

In a regulatory development, Google issued a stern warning to New Zealand regarding content laws that could impact revenue sharing between digital platforms and news media. This ongoing debate highlights the challenges of regulating online content and ensuring fair practices in the digital ecosystem.

Tesla’s top data executive, Nagesh Saldi, is leaving the company in a blow to Elon Musk, just before the launch of a new robotaxi. This departure adds to a series of recent exits at Tesla, raising questions about the company’s leadership and future direction.

In a surprising turn of events, Mark Zuckerberg has surpassed Jeff Bezos as the world’s second-richest person, with a net worth of $206.2 billion. This milestone underscores the growing influence of tech titans in the global economy and the shifting dynamics of wealth accumulation.

Lastly, Elon Musk’s X has lost a court battle with Australia over a social media fine, with an Australian judge upholding a A$610,500 fine against the platform for non-compliance with online safety laws. This ruling highlights the importance of regulatory compliance in the digital age and the challenges faced by tech companies operating in multiple jurisdictions.

In conclusion, staying informed about the latest business news and developments is essential for navigating the complex and dynamic world of business. By following real-time updates on key industry trends, market movements, and regulatory changes, you can make informed decisions and stay ahead of the competition. Stay tuned for more updates on the biggest news from the world of business, stock market, and more.

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