Shaktikanta Das has been reappointed as the Reserve Bank of India (RBI) governor for another three years. The Finance Ministry has approved 8.5 percent interest rate on provident fund deposits, sources told CNBC-TV18. After asking the IRCTC to share half of its revenue from convenience fees with the Ministry of Railways, the government has withdrawn the decision. For all these stories and everything in between, here are some top news of the day

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ECONOMY/BUSINESS

Shaktikanta Das reappointed as RBI governor for 3 more years

Shaktikanta Das has been reappointed as the Reserve Bank of India (RBI) governor for another three years. A Cabinet committee for appointments on Thursday approved the reappointment of Das, whose tenure was about to end on December 10 this year, as the governor of RBI. Read more

Railways withdraws decision on IRCTC's revenue from convenience fee

After asking the Indian Railway Catering and Tourism Corporation (IRCTC) to share half of its revenue from convenience fees with the Ministry of Railways, the government has withdrawn the decision. Read more

Finance Ministry approves 8.5% interest rate on PF deposits

The Finance Ministry has approved 8.5 percent interest rate on provident fund deposits, sources told CNBC-TV18. The move may benefit 6 crore accountholders expecting interest to be credited to their account. Read more

MARKETS

Correction proves market is 'super hot', says Ramdeo Agarwal

Sensex and Nifty logged the worst week in eight months, closing 2 percent lower. Ramdeo Agrawal, Chairman & Co-founder at Motilal Oswal Financial Services, believes this correction is not a major concern as it is part of a classic bull market. Read more

Nomura raises SBI Cards target price

Nomura retained a 'buy' rating on SBI Card & Payment Services (SBI Cards) after the payment solutions provider's quarterly earnings fell 15 percent short of the brokerage's estimates. Check targets

Expect gold prices to strengthen: GJEPC

As demand for gold has been extremely strong in the second quarter of FY22, Colin Shah, Chairman of Gem and Jewellery Export Promotion Council (GJEPC) on Friday said he expects prices of the yellow metal to strengthen. Read more

INDIA

Aryan Khan to spend one more night behind bars

The Bombay High Court on Friday said Aryan Khan, son of superstar Shah Rukh Khan, will spend one more night in Mumbai's Arthur Road prison as a senior jail official said his release papers did not reach them within the stipulated time. Read on

On Europe visit, PM Modi discusses trade, COVID-19

Prime Minister Narendra Modi met President of the European Council Charles Michel and President of the European Commission Ursula von der Leyen here and held an extensive discussion covering trade and investment ties, climate change, COVID-19, global and regional developments.