Tue Oct 01 16:50:23 UTC 2024: ## Crypto Market Updates, New MPC Members, and More: Business Headlines

**Crypto Market Buzz:** Investors can track top gainers and losers in the crypto market, along with the latest market developments. The “Traders Gurukul” event, “BOTS,” offers an opportunity to learn more about options trading in India.

**RBI MPC Appoints New Members:** The Reserve Bank of India’s Monetary Policy Committee (MPC) has welcomed three new external members: Prof. Ram Singh, Director of the Delhi School of Economics, Saugata Bhattacharya, Economist, and Dr. Nagesh Kumar, Director and Chief Executive of the Institute for Studies in Industrial Development, New Delhi.

**Director KYC Filings on the Rise:** The Ministry of Corporate Affairs (MCA) observed a significant increase in Director KYC filings during the first half of FY 2024-25. This trend signals a growing awareness of compliance requirements among businesses.

**Cable TV Price Hikes:** Multi-Service Operators (MSOs) in the cable television industry are implementing tariff hikes ranging between 5-10 per cent, following a rise in broadcaster tariffs. This adjustment will impact subscribers starting October 1st.

**Bharti Airtel Tackles Cyber Fraud:** To combat rising cyber fraud, Bharti Airtel is utilizing network intelligence and AI to identify spammers and protect customers. The company encourages users to be vigilant and utilize the “suspected spam” indicator.

**Apple Accused of Violating Employee Rights:** The National Labor Relations Board has filed a complaint against Apple, alleging the company violated employees’ rights to organize and advocate for better working conditions through restrictive workplace rules.

**Drone Technology Start-up Secures Funding:** An Indian start-up specializing in drone technology and AI, IG Drones, has raised USD 1 million to fuel innovation and global expansion.

**India’s Coal Production Rises:** India’s coal production witnessed a 2.49% increase in September, reaching 68.94 million tonnes (MT). This growth highlights a positive trend in the country’s energy sector.

**MG Windsor Bookings Open:** JSW MG Motor India has opened bookings for the MG Windsor, India’s first Intelligent CUV, starting at an attractive price of Rs 9.99L + Rs 3.5/kms under the BaaS program.

**Equinix Raises Capital for Data Center Expansion:** Data center firm Equinix, in a joint venture with Singapore’s GIC and Canada Pension Plan Investment Board, plans to raise over $15 billion to expand its U.S. hyperscale data center footprint.

**Hero MotoCorp Sales Surge:** Hero MotoCorp reported a strong 18.7% increase in total sales, reaching 6.37 lakh units, with both domestic and export sales contributing to the growth.

**Sebi Enforces New Margin Requirements:** Starting February 2025, the Securities and Exchange Board of India (SEBI) will implement new margin requirements for options trading, including upfront premium collection and increased margins for short options contracts.

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