Here's a rundown of 11 significant news stories to keep you in the know:

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#ForbesIndiaRichList

Forbes India Richest List 2023: Mukesh Ambani reclaims top spot

Mukesh Ambani, the Chairman and Managing Director of Reliance Industries, has regained the top position on the 2023 Forbes list of India's 100 Richest, with a net worth of $92 billion. In the previous year, Gautam Adani held the title of India's wealthiest individual. The cumulative wealth of India's 100 Richest individuals remained steady at $799 billion for the year.

Forbes India Rich List 2023: A look at India's wealth landscape as new faces, returning titans reshape the richest 100

While Mukesh Ambani reclaims the top spot with $92 billion in India's richest list, followed by Gautam Adani at $68 billion, tech mogul Shiv Nadar climbs to No. 3. There is a notable shift in wealth, attributed to market dynamics and key business moves and the minimum net worth for India's richest club hits a record $2.3 billion.

#IsraelHamasWar

Israel Hamas war LIVE: Blinken likely to meet Palestinian President, Hamas accused of beheading soldiers

Palestinian President Mahmoud Abbas is likely to meet US Secretary of State Antony Blinken on Friday, a Palestinian official was quoted by the Guardian as saying early on Thursday. Hussein Al-Sheikh, secretary general of the executive committee of the Palestine Liberation Organization, also said on X that Abbas will meet with Jordan’s King Abdullah in Amman on Thursday.

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The terror attack on Israel has one definite lesson for world leaders

The rise of Hamas is a strategic misstep by Israel. And it must serve as a lesson in geopolitics for everyone in the world. No opportunity is worth the creation or empowerment of a violent extremist outfit at the expense of an elected leader — national, provincial or local — whose actions display a commitment to democratic values, as much as you may disagree with him/her on specific issues.

Israel-Hamas war: India should have taken a more comprehensive approach in keeping with its past stand, says Shashi Tharoor

In an interview with CNBC-TV18, Congress MP Shashi Tharoor stressed the importance of condemning terrorism, while also advocating for a more comprehensive approach in line with India's historical positions on the matter.

"We all join in the unequivocal condemnation of terrorism. There is absolutely no excuse for targeting innocent women, children and the youth attending the music festival. I think the condemnation of terrorism is absolutely vital," Tharoor said.

#2QWithCNBCTV18

TCS Board approves share buyback up to Rs 17,000 crore at Rs 4,150 per share

Tata Consultancy Services (TCS) has announced its fifth share buyback in six years along with its Q2FY24 earnings on Wednesday post-market hours. The Indian information technology bellwether will repurchase up to 4.09 crore shares (1.12% of the total equity share capital) at Rs 4,150 apiece in a buyback valued at Rs 17,000 crore. TCS also announced a second interim dividend of Rs 9 per share.

TCS Share Price: Five reasons why the stock is under pressure post earnings

Shares of Tata Consultancy Services (TCS) Ltd. are the top losers on the Nifty 50 index, trading with losses of over 1.5%. The stock is also the biggest contributor to the Nifty 50 downside on Thursday.

Here are five factors why the stock is under pressure:

#PersonalFinance

7th pay commission: India likely to hike dearness allowance by 4% — here’s how much salary may rise

Amid the festive season, the Centre is gearing up to make a significant announcement regarding the revised Dearness Allowance (DA) and Dearness Relief (DR) for pensioners and central government employees under the 7th Pay Commission.

Though no official statement has been issued yet, there are speculations that the long-awaited announcement might come to light in October.

SIP inflows cross Rs 16,000 crore-mark for the first time in September

The Systematic Investment Plan (SIP) inflows in September 2023 reached an all-time high of Rs 16,420 crore, marking a notable increase from the previous month's Rs 15,814 crore. This growth can be attributed to several key factors. The number of SIP accounts hit an unprecedented high, reaching 7.12 crore in September, compared to 6.9 crore in August 2023.

Equity mutual fund inflows slip in September, debt fund outflows see sharp rise

Equity mutual fund inflows slipped month-on-month in September 2023, but remained healthy at Rs 13,857 crore, according to Association of Mutual Funds in India (AMFI) data. Midcap and smallcap funds continued to attract investments, with both categories showing positive inflows. In contrast, large-cap funds experienced outflows during the month, the data showed.

Smallcap fund inflows stood at Rs 2,678 crore, a reduction from the Rs 4,265 crore recorded in August. Midcap funds, while still attracting investments, saw a decrease in inflows, from Rs 2,512 crore to Rs 2,001 crore.

#InDepth

Rajasthan Election 2023: EC pushes polling date — check revised schedule

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