Higher salaries in India are making a comeback with 9.3 percent hike being expected in 2022, from 8 percent in 2021. The Central government on Wednesday issued revised guidelines for international travellers visiting India. The world may see its first modern trillionaire in Elon Musk, predicts Morgan Stanley. For all these stories and everything in between, here are some top news of the day

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NSE

HDFC Bank expects to reach pre-COVID numbers by Q3FY22

As the economy tries to move on from the COVID-19 pandemic, things are looking brighter and HDFC Bank believes that by the next quarter it shall reach pre-pandemic numbers by the next quarter. Read more

Jio adds more subscribers than Airtel

Reliance Jio continued to outpace rivals in terms of subscriber gains. It added 6 lakh users, in August, whereas Bharti Airtel onboarded over 1 lakh users. With this, Jio's total subscriber count swelled to over 44 crore and Airtel stood at over 35 crore. Read more

India expected to see higher salary with 9.3% hike in 2022

Higher salaries in India are making a comeback with 9.3 percent hike being expected in 2022, from 8 percent in 2021, and with companies planning to give employees larger raises as they face mounting challenges of attracting and retaining employees. Read on

MARKETS

Earnings growth strong in India: Wells Fargo

India is in very good shape at the moment and I expect this to continue, said Gary Schlossberg of Wells Fargo in an interview with India. Rates may move up, creating some headwinds, but for now, fundamentals seem to be in India's favour, he said. Dig deeper

IRCTC off the rails

IRCTC shares crashed 20 percent during session Wednesday, extending Wednesday's losses. The stock has corrected over 22 percent in two sessions. Dig deeper

Midcaps take a back seat

The Nifty Midcap index showed the worst performance since June 18, 2021 -- losing 3 percent in two consecutive sessions, dragged by the likes of IRCTC, Deepak Nitrite, and Dixon Tech. Dig deeper

INDIA

New guidelines for international travellers visiting India

The Central government on Wednesday issued revised guidelines for international travellers visiting India. The revised guidelines will come into effect from October 25. Check details

Uttarakhand floods: Over 1,300 people rescued so far

The National Disaster Response Force (NDRF) has rescued more than 1,300 people from flood-affected areas of Uttarakhand and has enhanced its rescue teams from 15 to 17.