Capital markets regulator Sebi has slapped a fine of Rs 1.05 crore on 21 entities for manipulating the share price of Sunstar Realty Development Limited (SRDL).

The regulator has imposed a penalty of Rs 5 lakh each on these 21 entities and directed them to pay the amount within 45 days, the Securities and Exchange Board of India (Sebi) said in its order passed on Oct 31.

In a separate order, Sebi has restrained 11 entities, including the Urban Infrastructure Venture Capital Ltd, its trustee and their respective directors, from associating themselves with any registered intermediaries, including mutual funds, Alternative Investment Funds and portfolio management services, which deal with investors' money for a period of one year, for flouting venture capital fund rules.

In addition, barring the trustee -- Urban Infrastructure Trustees -- the rest 10 entities have been prohibited from accessing the securities markets for one year.

Also, the 11 entities will have to ensure that the scheme (Urban Infrastructure Opportunities Fund) of the Fund -- Urban Infrastructure Venture Capital Fund -- is wound up by providing exit to its investors / unit holders within a maximum period of 3 months (by January 31, 2023).

Noted banker and HDFC Chairman Deepak Parekh on Nov 1 said the biggest risks are not from economic disruptions but from despotic powers, and from the growing weaponisation of trade.

He also described the current avalanche of crises the world is facing as a 'global polycrisis'.

In his address to the Indian Chamber of Commerce's Kolkata chapter, Parekh said it is for each country to decide what their priorities are and where their comparative advantages lie when it comes to balancing the goals of globalisation and self-reliance.

Bharat Interface for Money (BHIM) using Unified Payments Interface BHIM-UPI recorded a new high in Sep this year with over 700 crore transactions, to the tune of Rs 12 lakh crore, the highest ever since its inception in 2016.

Aviation consultancy firm CAPA said on Nov 1 said that more than 75 planes of Indian carriers are currently grounded due to maintenance and engine-related issues.

These planes, which account for around 10-12 per cent of the Indian fleet, are grounded due to maintenance or engine-related issues.

As per the report, more than 75 aircraft are currently grounded, creating serious challenges against the backdrop of an already hostile cost environment and contributing to increased losses.

DGCA allows IndiGo to wet lease Boeing planes from Turkish Airlines for only up to six months

Significantly none of the domestic airlines, including two listed companies -- IndiGo and SpiceJet -- have so far made any public announcement on the grounding of the planes.

Goods and Services tax (GST) collections continue to show stronger growth as the collections in October breached Rs 1.5 lakh crore mark, only the second time in the history of GST.

The gross GST revenue collected in October 2022 was Rs 1,51,718 crore, the second-highest collection after Rs 167,540 crore in April this year. This is the ninth month and for eight months in a row now, that the monthly GST revenues have been more than the Rs  1.4 lakh crore mark.  In October, GST collection witnessed a healthy 16.5% year-on-year growth.

Jet fuel (ATF) price on Nov 1 was hiked by 4.2 per cent but that of commercial LPG used in non-residential establishments such as hotels and restaurants was cut by Rs 115.5 per 19-kg cylinder reflecting global energy trends.

Aviation turbine fuel (ATF) price was hiked by Rs 4,842.37 per kilolitre, or 4.19 per cent, to Rs 120,362.64 per kl in the national capital, according to a price notification of state-owned fuel retailers.

This reverses a 4.5 per cent cut in jet fuel prices affected last month.

Separately, the oil firms reduced the price of a 19-kg commercial LPG cylinder to Rs 1,744 from Rs 1,859.50 in the national capital.

This is the seventh reduction in the price of commercial LPG since June, in step with softening of international energy prices.

In all, rates have come down by Rs 610 per 19-kg cylinder.

However, rates of LPG used in household kitchens for cooking purposes remained unchanged at Rs 1,053 per 14.2-kg cylinder.

Sriram Krishnan, an Indian-origin technology executive, is "helping out" Twitter's new owner Elon Musk as he revamps the social media giant following its acquisition by the billionaire entrepreneur.

Krishnan is a general partner at Silicon Valley venture capital firm Andreessen Horowitz (a16z).

According to his profile —on Andreessen Horowitz's website, Krishnan invests in early-stage consumer startups and serves on the boards of companies Bitski, Hopin, and Polywork.

Krishnan started his career at Microsoft where he touched numerous projects related to Windows Azure.

Author of "Programming Windows Azure" published by O'Reilly, he also co-hosts with his wife Aarthi Ramamurthy 'The Good Time Show' on Clubhouse, a nightly show through which they interview innovators around tech and culture.

He is an alumnus of SRM Engineering College, Anna University where he did his Bachelor of Technology (B.Tech) in Information Technology.

Last week, Musk completed the USD 44 billion acquisition of Twitter and ousted chief executive Parag Agrawal, legal executive Vijaya Gadde, Chief Financial Officer Ned Segal and General Counsel Sean Edgett.

Up to 1,600 fans of the teams that qualified for this year’s World Cup are being recruited for an all expenses-paid trip to Qatar to sing in the opening ceremony and stay for at least two weeks promoting positive social media content about the soccer tournament and the host nation.

Fans from each of the 32 teams are needed for a five-minute, fan-themed section of the ceremony before Qatar plays Ecuador in the opening match on Nov. 20. They will perform a chant or song specific to each country, chosen by the organizers, according to documents seen by The Associated Press.

The fans are being offered economy-class flights and use of apartments worth thousands of dollars to stay until at least Dec. 4, or for the entire tournament if they choose, plus a daily allowance of 250 Qatari riyals ($68).

About 1.2 million international visitors are expected in Qatar for the month-long tournament, which has faced criticism and skepticism ever since the gas-rich emirate was picked by FIFA in December 2010.

Qatar was among nine candidates to host the 2018 or 2022 World Cup. The process later underwent a FIFA-appointed investigation into the integrity of bidding campaigns.

The FIFA ethics committee, which had limited powers to gather evidence, said in a 2014 report published in full three years later that there was widespread misconduct among the bidders but it had not swayed the hosting votes. Russia was awarded the 2018 World Cup and Qatar got the 2022 edition.

Qatar has since faced intense scrutiny and criticism of its treatment of migrant workers, who were needed to build essential World Cup projects including stadiums, metro lines, roads, hotels and apartments, often in oppressive heat.

Although Qatar bid to stage a June-July tournament with air-conditioned stadiums, FIFA decided in 2015 to move the World Cup into cooler months in the middle of the traditional European soccer season.