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Business News LIVE Updates Today

Stay informed with real-time updates on the most significant happenings in the business landscape, the stock market, and beyond. As we continue to navigate a dynamic economic environment, keeping up with the latest trends and developments is crucial for both individuals and businesses alike.

Latest Trends in India’s Mutual Fund Industry

On October 2, 2024, exciting news emerged indicating substantial growth in India’s mutual fund sector. According to recent reports, the combined assets under management (AUM) of this industry skyrocketed over seven times, reaching an impressive ₹61.2 lakh crore by June 2024. This marks a significant increase from ₹8.3 lakh crore in December 2013. Such a remarkable growth trajectory highlights the increasing trust and investment from individuals in mutual funds as a viable financial choice.

Business Highlights Today

On this busy day in business news, we will be keeping you updated on major figures in the business world, including influential leaders like Bill Gates, Elon Musk, Mukesh Ambani, and Gautam Adani. Additionally, track the latest prices of gold and silver to stay ahead in your investments.

Disclaimer: This is an AI-generated live blog and has not been edited by Hindustan Times staff.

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Recent Developments

Sebi’s New MF Lite Framework

• Time: Oct 2, 2024, 1:12 PM IST
• The Securities and Exchange Board of India (Sebi) recently announced new regulations aimed at simplifying passive mutual fund investments through the introduction of the MF Lite framework. This initiative promises to relax eligibility criteria and streamline the approval process, thus attracting more investors to this segment.

GoPro Hero 13 Innovations

• Time: Oct 2, 2024, 1:12 PM IST
• GoPro has introduced innovative modifications to its Hero 13 Black, including a macro lens modification that enhances the ability to capture close-up shots, a significant upgrade from its traditional shooting capabilities.

Return to the Office at McKinsey

• Time: Oct 2, 2024, 12:19 PM IST
• McKinsey is encouraging its North American workforce to return to the office more frequently, as the firm believes that in-person interactions improve collaboration. This policy change has faced some pushback among consultants who have grown accustomed to remote work.

Stock Market Volatility

• Time: Oct 2, 2024, 11:20 AM IST
• Concerns over escalating tensions in the Middle East have caused significant instability in the US stock markets, with the S&P 500 experiencing a substantial drop of 1.4%.

Innovations from Microsoft

• Time: Oct 2, 2024, 10:46 AM IST
• Microsoft has introduced updates to its Copilot functionality, aiming to refine problem-solving for users and improve overall efficiency, despite some initial glitches encountered during the launch phase.

Economic Indicators

Oil Prices and Regional Tensions

• Time: Oct 2, 2024, 10:30 AM IST
• Amid escalating geopolitical issues, Brent crude oil prices have surged past $74 per barrel, indicating rising investor concerns about potential supply disruptions.

Gold and Silver Prices

• Time: Oct 2, 2024, 10:15 AM IST
• As of today, the price of 10 grams of 24-carat gold in Delhi is ₹77,073, while 1 kg of silver costs ₹98,000.

Addressing legal Complexities with AI legalese decoder

In the world of business, navigating through legal jargon can often be overwhelming. Whether you are an entrepreneur launching a new fund, an investor making significant decisions, or a consultant facing changes in employment policies, understanding the legal implications is crucial for making informed decisions. The AI legalese decoder offers a powerful solution by simplifying complex legal documents into plain language, making it much easier for users to comprehend legal terms, mandates, and rights. This tool helps you save time and reduces the risk of misunderstanding crucial information.

With the rapid changes occurring in various sectors, incorporating AI-driven tools such as the legalese decoder could provide significant advantages in staying compliant and informed.

Stay tuned for more business updates and insights throughout the day!

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