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IndiaTV Business: Google News Feed: Digest for September 16, 2023

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India has decided to reduce the additional 20% duty on US apples, but the existing 50% most favored nation (MFN) duty will remain in place. This means that US apples will still face a higher import duty than apples from other countries. The decision to remove the additional 20% duty was part of a trade deal between India and the US. In exchange for removing the duty on apples, the US agreed to restore market access for Indian steel and aluminum products.
India's retail inflation declined to 6.83% in August 2023 from 7.44% in July 2023. This is the first time since February 2023 that the retail inflation has come down below 7%. The decline in inflation was mainly due to easing food prices. The inflation in food items fell to 7.05% in August from 7.75% in July. Prices of vegetables, pulses and spices declined significantly. Meanwhile, India's industrial production (IIP) rose by 5.7% in July 2023, compared to a growth of 4.0% in the same month a year ago. This is the highest IIP growth rate in the current financial year.
Blue Dart, a leading courier and logistics company in India, has rebranded its Dart Plus service to "Bharat Dart". The new name is more reflective of the service's nationwide reach and its commitment to providing customers with a reliable and affordable way to send parcels across India. The new name will take effect from October 1, 2023. Blue Dart said that the rebranding is part of its efforts to "strengthen its brand identity and better connect with customers across India."
With the onset of the festival season, the Central government is all set make happy announcements. According to reports, the Narendra Modi government may increase the interest rates for the investments in the Public Provident Fund Account (PPF)-Sukanya Samriddhi scheme.The quarterly review of interest rates of small savings schemes like PPF, Sukanya Samriddhi, Senior Citizens Saving Schemes is expected to be done by the Finance Ministry this month. 

Adani Wind receives certification for India's largest turbine

Wednesday 13 September 2023 02:42 PM UTC+00
Adani Wind, the wind energy solutions division of Adani New Industries Limited (ANIL), announced that its 5.2 MW Wind Turbine Generator (WTG), which is India's largest, has received type certification from WindGuard GmbH. The certification enables Adani Wind to start series production for global markets. The certification under IEC System for Certification to Standards Relating to Equipment for Use in Renewable Energy Applications (IECRE) affirms that the Adani Wind's 5.2 MW WTG meets highest quality and safety standards and provides international recognition to this turbine.
Stock market today: The stock market opened on a positive today (September 14) with both the Sensex and Nifty indices hovering near their all-time highs. At the commencement of the trading day, the Sensex exhibited a green signal, surging by 179.77 points to reach 67,646.76. Similarly, the Nifty opened in positive territory, with a gain of 66.35 points, taking it to 20,136.65.
Adani Global Pte Ltd, Singapore, a step-down wholly owned subsidiary of Adani Enterprises Ltd announced a 50:50 joint venture (JV) with Kowa Holdings Asia Pte Ltd, Singapore for sales and marketing of green ammonia, green hydrogen and its derivatives.
In a dynamic trading session on Thursday, the Indian stock market witnessed a surge, with both the NSE Nifty 50 and the BSE Sensex hitting record highs during early trading hours. The NSE Nifty 50 closed the session with a 0.16% gain, settling at 20,103.10 points, while the BSE Sensex registered an increase of 52.01 points to conclude at 67,519.00 points. 
India has emerged as a dominant player in the services trade. It is among the top service-exporting nations, with a continuous inflow of new orders. As the country's exports drive overall growth, export powerhouse AA Plus Tradelink has secured an export order worth Rs 510 million, or Rs 51 crore, which will be completed in the ongoing quarter of the current financial year.
Fitch Ratings has maintained India's growth forecast for the current fiscal year at 6.3% while highlighting the country's economic resilience despite tighter monetary policies and export challenges. However, the rating agency has raised its year-end inflation projection due to the looming threat of El Nino. India's economy experienced robust growth of 7.8% in the April-June quarter of the current fiscal year, driven by strong activity in the services sector and robust demand.
India's retail inflation declined to 6.83% in August 2023 from 7.44% in July 2023. This is the first time since February 2023 that the retail inflation has come down below 7%. The decline in inflation was mainly due to easing food prices. The inflation in food items fell to 7.05% in August from 7.75% in July. Prices of vegetables, pulses and spices declined significantly. Meanwhile, India's industrial production (IIP) rose by 5.7% in July 2023, compared to a growth of 4.0% in the same month a year ago. This is the highest IIP growth rate in the current financial year.
Blue Dart, a leading courier and logistics company in India, has rebranded its Dart Plus service to "Bharat Dart". The new name is more reflective of the service's nationwide reach and its commitment to providing customers with a reliable and affordable way to send parcels across India. The new name will take effect from October 1, 2023. Blue Dart said that the rebranding is part of its efforts to "strengthen its brand identity and better connect with customers across India."
With the onset of the festival season, the Central government is all set make happy announcements. According to reports, the Narendra Modi government may increase the interest rates for the investments in the Public Provident Fund Account (PPF)-Sukanya Samriddhi scheme.The quarterly review of interest rates of small savings schemes like PPF, Sukanya Samriddhi, Senior Citizens Saving Schemes is expected to be done by the Finance Ministry this month. 

Adani Wind receives certification for India's largest turbine

Wednesday 13 September 2023 02:42 PM UTC+00
Adani Wind, the wind energy solutions division of Adani New Industries Limited (ANIL), announced that its 5.2 MW Wind Turbine Generator (WTG), which is India's largest, has received type certification from WindGuard GmbH. The certification enables Adani Wind to start series production for global markets. The certification under IEC System for Certification to Standards Relating to Equipment for Use in Renewable Energy Applications (IECRE) affirms that the Adani Wind's 5.2 MW WTG meets highest quality and safety standards and provides international recognition to this turbine.
Stock market today: The stock market opened on a positive today (September 14) with both the Sensex and Nifty indices hovering near their all-time highs. At the commencement of the trading day, the Sensex exhibited a green signal, surging by 179.77 points to reach 67,646.76. Similarly, the Nifty opened in positive territory, with a gain of 66.35 points, taking it to 20,136.65.
Adani Global Pte Ltd, Singapore, a step-down wholly owned subsidiary of Adani Enterprises Ltd announced a 50:50 joint venture (JV) with Kowa Holdings Asia Pte Ltd, Singapore for sales and marketing of green ammonia, green hydrogen and its derivatives.
In a dynamic trading session on Thursday, the Indian stock market witnessed a surge, with both the NSE Nifty 50 and the BSE Sensex hitting record highs during early trading hours. The NSE Nifty 50 closed the session with a 0.16% gain, settling at 20,103.10 points, while the BSE Sensex registered an increase of 52.01 points to conclude at 67,519.00 points. 
India has emerged as a dominant player in the services trade. It is among the top service-exporting nations, with a continuous inflow of new orders. As the country's exports drive overall growth, export powerhouse AA Plus Tradelink has secured an export order worth Rs 510 million, or Rs 51 crore, which will be completed in the ongoing quarter of the current financial year.
Fitch Ratings has maintained India's growth forecast for the current fiscal year at 6.3% while highlighting the country's economic resilience despite tighter monetary policies and export challenges. However, the rating agency has raised its year-end inflation projection due to the looming threat of El Nino. India's economy experienced robust growth of 7.8% in the April-June quarter of the current fiscal year, driven by strong activity in the services sector and robust demand.
Amid the positive global cues, the equity benchmark indices opened in green hitting an all-time high on Friday. The 30-share BSE Sensex opened at 67,659.91, up by 140.91 points. The Nifty advanced 53 points to reach 20,156.45 points. The broad indices mostly traded in the green.
India's retail inflation declined to 6.83% in August 2023 from 7.44% in July 2023. This is the first time since February 2023 that the retail inflation has come down below 7%. The decline in inflation was mainly due to easing food prices. The inflation in food items fell to 7.05% in August from 7.75% in July. Prices of vegetables, pulses and spices declined significantly. Meanwhile, India's industrial production (IIP) rose by 5.7% in July 2023, compared to a growth of 4.0% in the same month a year ago. This is the highest IIP growth rate in the current financial year.
Blue Dart, a leading courier and logistics company in India, has rebranded its Dart Plus service to "Bharat Dart". The new name is more reflective of the service's nationwide reach and its commitment to providing customers with a reliable and affordable way to send parcels across India. The new name will take effect from October 1, 2023. Blue Dart said that the rebranding is part of its efforts to "strengthen its brand identity and better connect with customers across India."
With the onset of the festival season, the Central government is all set make happy announcements. According to reports, the Narendra Modi government may increase the interest rates for the investments in the Public Provident Fund Account (PPF)-Sukanya Samriddhi scheme.The quarterly review of interest rates of small savings schemes like PPF, Sukanya Samriddhi, Senior Citizens Saving Schemes is expected to be done by the Finance Ministry this month. 

Adani Wind receives certification for India's largest turbine

Wednesday 13 September 2023 02:42 PM UTC+00
Adani Wind, the wind energy solutions division of Adani New Industries Limited (ANIL), announced that its 5.2 MW Wind Turbine Generator (WTG), which is India's largest, has received type certification from WindGuard GmbH. The certification enables Adani Wind to start series production for global markets. The certification under IEC System for Certification to Standards Relating to Equipment for Use in Renewable Energy Applications (IECRE) affirms that the Adani Wind's 5.2 MW WTG meets highest quality and safety standards and provides international recognition to this turbine.
Stock market today: The stock market opened on a positive today (September 14) with both the Sensex and Nifty indices hovering near their all-time highs. At the commencement of the trading day, the Sensex exhibited a green signal, surging by 179.77 points to reach 67,646.76. Similarly, the Nifty opened in positive territory, with a gain of 66.35 points, taking it to 20,136.65.
Adani Global Pte Ltd, Singapore, a step-down wholly owned subsidiary of Adani Enterprises Ltd announced a 50:50 joint venture (JV) with Kowa Holdings Asia Pte Ltd, Singapore for sales and marketing of green ammonia, green hydrogen and its derivatives.
In a dynamic trading session on Thursday, the Indian stock market witnessed a surge, with both the NSE Nifty 50 and the BSE Sensex hitting record highs during early trading hours. The NSE Nifty 50 closed the session with a 0.16% gain, settling at 20,103.10 points, while the BSE Sensex registered an increase of 52.01 points to conclude at 67,519.00 points. 
India has emerged as a dominant player in the services trade. It is among the top service-exporting nations, with a continuous inflow of new orders. As the country's exports drive overall growth, export powerhouse AA Plus Tradelink has secured an export order worth Rs 510 million, or Rs 51 crore, which will be completed in the ongoing quarter of the current financial year.
Fitch Ratings has maintained India's growth forecast for the current fiscal year at 6.3% while highlighting the country's economic resilience despite tighter monetary policies and export challenges. However, the rating agency has raised its year-end inflation projection due to the looming threat of El Nino. India's economy experienced robust growth of 7.8% in the April-June quarter of the current fiscal year, driven by strong activity in the services sector and robust demand.
Amid the positive global cues, the equity benchmark indices opened in green hitting an all-time high on Friday. Rallying for the 11th day running, the 30-share BSE Sensex climbed 255.46 points to hit its fresh all-time high of 67,774.46 in early trade. The Nifty went up by 70.05 points to reach its new lifetime peak of 20,173.15.
Blue Dart, a leading courier and logistics company in India, has rebranded its Dart Plus service to "Bharat Dart". The new name is more reflective of the service's nationwide reach and its commitment to providing customers with a reliable and affordable way to send parcels across India. The new name will take effect from October 1, 2023. Blue Dart said that the rebranding is part of its efforts to "strengthen its brand identity and better connect with customers across India."
With the onset of the festival season, the Central government is all set make happy announcements. According to reports, the Narendra Modi government may increase the interest rates for the investments in the Public Provident Fund Account (PPF)-Sukanya Samriddhi scheme.The quarterly review of interest rates of small savings schemes like PPF, Sukanya Samriddhi, Senior Citizens Saving Schemes is expected to be done by the Finance Ministry this month. 

Adani Wind receives certification for India's largest turbine

Wednesday 13 September 2023 02:42 PM UTC+00
Adani Wind, the wind energy solutions division of Adani New Industries Limited (ANIL), announced that its 5.2 MW Wind Turbine Generator (WTG), which is India's largest, has received type certification from WindGuard GmbH. The certification enables Adani Wind to start series production for global markets. The certification under IEC System for Certification to Standards Relating to Equipment for Use in Renewable Energy Applications (IECRE) affirms that the Adani Wind's 5.2 MW WTG meets highest quality and safety standards and provides international recognition to this turbine.
Stock market today: The stock market opened on a positive today (September 14) with both the Sensex and Nifty indices hovering near their all-time highs. At the commencement of the trading day, the Sensex exhibited a green signal, surging by 179.77 points to reach 67,646.76. Similarly, the Nifty opened in positive territory, with a gain of 66.35 points, taking it to 20,136.65.
Adani Global Pte Ltd, Singapore, a step-down wholly owned subsidiary of Adani Enterprises Ltd announced a 50:50 joint venture (JV) with Kowa Holdings Asia Pte Ltd, Singapore for sales and marketing of green ammonia, green hydrogen and its derivatives.
In a dynamic trading session on Thursday, the Indian stock market witnessed a surge, with both the NSE Nifty 50 and the BSE Sensex hitting record highs during early trading hours. The NSE Nifty 50 closed the session with a 0.16% gain, settling at 20,103.10 points, while the BSE Sensex registered an increase of 52.01 points to conclude at 67,519.00 points. 
India has emerged as a dominant player in the services trade. It is among the top service-exporting nations, with a continuous inflow of new orders. As the country's exports drive overall growth, export powerhouse AA Plus Tradelink has secured an export order worth Rs 510 million, or Rs 51 crore, which will be completed in the ongoing quarter of the current financial year.
Fitch Ratings has maintained India's growth forecast for the current fiscal year at 6.3% while highlighting the country's economic resilience despite tighter monetary policies and export challenges. However, the rating agency has raised its year-end inflation projection due to the looming threat of El Nino. India's economy experienced robust growth of 7.8% in the April-June quarter of the current fiscal year, driven by strong activity in the services sector and robust demand.
Amid the positive global cues, the equity benchmark indices opened in green hitting an all-time high on Friday. Rallying for the 11th day running, the 30-share BSE Sensex climbed 255.46 points to hit its fresh all-time high of 67,774.46 in early trade. The Nifty went up by 70.05 points to reach its new lifetime peak of 20,173.15.
The Indian stock market saw the Sensex and Nifty indices ending on a high note on Friday (September 15), marking a day of robust trading.
With the onset of the festival season, the Central government is all set make happy announcements. According to reports, the Narendra Modi government may increase the interest rates for the investments in the Public Provident Fund Account (PPF)-Sukanya Samriddhi scheme.The quarterly review of interest rates of small savings schemes like PPF, Sukanya Samriddhi, Senior Citizens Saving Schemes is expected to be done by the Finance Ministry this month. 

Adani Wind receives certification for India's largest turbine

Wednesday 13 September 2023 02:42 PM UTC+00
Adani Wind, the wind energy solutions division of Adani New Industries Limited (ANIL), announced that its 5.2 MW Wind Turbine Generator (WTG), which is India's largest, has received type certification from WindGuard GmbH. The certification enables Adani Wind to start series production for global markets. The certification under IEC System for Certification to Standards Relating to Equipment for Use in Renewable Energy Applications (IECRE) affirms that the Adani Wind's 5.2 MW WTG meets highest quality and safety standards and provides international recognition to this turbine.
Stock market today: The stock market opened on a positive today (September 14) with both the Sensex and Nifty indices hovering near their all-time highs. At the commencement of the trading day, the Sensex exhibited a green signal, surging by 179.77 points to reach 67,646.76. Similarly, the Nifty opened in positive territory, with a gain of 66.35 points, taking it to 20,136.65.
Adani Global Pte Ltd, Singapore, a step-down wholly owned subsidiary of Adani Enterprises Ltd announced a 50:50 joint venture (JV) with Kowa Holdings Asia Pte Ltd, Singapore for sales and marketing of green ammonia, green hydrogen and its derivatives.
In a dynamic trading session on Thursday, the Indian stock market witnessed a surge, with both the NSE Nifty 50 and the BSE Sensex hitting record highs during early trading hours. The NSE Nifty 50 closed the session with a 0.16% gain, settling at 20,103.10 points, while the BSE Sensex registered an increase of 52.01 points to conclude at 67,519.00 points. 
India has emerged as a dominant player in the services trade. It is among the top service-exporting nations, with a continuous inflow of new orders. As the country's exports drive overall growth, export powerhouse AA Plus Tradelink has secured an export order worth Rs 510 million, or Rs 51 crore, which will be completed in the ongoing quarter of the current financial year.
Fitch Ratings has maintained India's growth forecast for the current fiscal year at 6.3% while highlighting the country's economic resilience despite tighter monetary policies and export challenges. However, the rating agency has raised its year-end inflation projection due to the looming threat of El Nino. India's economy experienced robust growth of 7.8% in the April-June quarter of the current fiscal year, driven by strong activity in the services sector and robust demand.
Amid the positive global cues, the equity benchmark indices opened in green hitting an all-time high on Friday. Rallying for the 11th day running, the 30-share BSE Sensex climbed 255.46 points to hit its fresh all-time high of 67,774.46 in early trade. The Nifty went up by 70.05 points to reach its new lifetime peak of 20,173.15.
The Indian stock market saw the Sensex and Nifty indices ending on a high note on Friday (September 15), marking a day of robust trading.
India's exports declined by 6.86 per cent to USD 34.48 billion in August 2023 as against USD 37.02 billion in the same month in 2022, according to the government data on Friday (September 15).
With the onset of the festival season, the Central government is all set make happy announcements. According to reports, the Narendra Modi government may increase the interest rates for the investments in the Public Provident Fund Account (PPF)-Sukanya Samriddhi scheme.The quarterly review of interest rates of small savings schemes like PPF, Sukanya Samriddhi, Senior Citizens Saving Schemes is expected to be done by the Finance Ministry this month. 

Adani Wind receives certification for India's largest turbine

Wednesday 13 September 2023 02:42 PM UTC+00
Adani Wind, the wind energy solutions division of Adani New Industries Limited (ANIL), announced that its 5.2 MW Wind Turbine Generator (WTG), which is India's largest, has received type certification from WindGuard GmbH. The certification enables Adani Wind to start series production for global markets. The certification under IEC System for Certification to Standards Relating to Equipment for Use in Renewable Energy Applications (IECRE) affirms that the Adani Wind's 5.2 MW WTG meets highest quality and safety standards and provides international recognition to this turbine.
Stock market today: The stock market opened on a positive today (September 14) with both the Sensex and Nifty indices hovering near their all-time highs. At the commencement of the trading day, the Sensex exhibited a green signal, surging by 179.77 points to reach 67,646.76. Similarly, the Nifty opened in positive territory, with a gain of 66.35 points, taking it to 20,136.65.
Adani Global Pte Ltd, Singapore, a step-down wholly owned subsidiary of Adani Enterprises Ltd announced a 50:50 joint venture (JV) with Kowa Holdings Asia Pte Ltd, Singapore for sales and marketing of green ammonia, green hydrogen and its derivatives.
In a dynamic trading session on Thursday, the Indian stock market witnessed a surge, with both the NSE Nifty 50 and the BSE Sensex hitting record highs during early trading hours. The NSE Nifty 50 closed the session with a 0.16% gain, settling at 20,103.10 points, while the BSE Sensex registered an increase of 52.01 points to conclude at 67,519.00 points. 
India has emerged as a dominant player in the services trade. It is among the top service-exporting nations, with a continuous inflow of new orders. As the country's exports drive overall growth, export powerhouse AA Plus Tradelink has secured an export order worth Rs 510 million, or Rs 51 crore, which will be completed in the ongoing quarter of the current financial year.
Fitch Ratings has maintained India's growth forecast for the current fiscal year at 6.3% while highlighting the country's economic resilience despite tighter monetary policies and export challenges. However, the rating agency has raised its year-end inflation projection due to the looming threat of El Nino. India's economy experienced robust growth of 7.8% in the April-June quarter of the current fiscal year, driven by strong activity in the services sector and robust demand.
Amid the positive global cues, the equity benchmark indices opened in green hitting an all-time high on Friday. Rallying for the 11th day running, the 30-share BSE Sensex climbed 255.46 points to hit its fresh all-time high of 67,774.46 in early trade. The Nifty went up by 70.05 points to reach its new lifetime peak of 20,173.15.
The Indian stock market saw the Sensex and Nifty indices ending on a high note on Friday (September 15), marking a day of robust trading.
India's exports declined by 6.86 per cent to USD 34.48 billion in August 2023 as against USD 37.02 billion in the same month in 2022, according to the government data on Friday (September 15).
With the onset of the festival season, the Central government is all set make happy announcements. According to reports, the Narendra Modi government may increase the interest rates for the investments in the Public Provident Fund Account (PPF)-Sukanya Samriddhi scheme.The quarterly review of interest rates of small savings schemes like PPF, Sukanya Samriddhi, Senior Citizens Saving Schemes is expected to be done by the Finance Ministry this month. 

Adani Wind receives certification for India's largest turbine

Wednesday 13 September 2023 02:42 PM UTC+00
Adani Wind, the wind energy solutions division of Adani New Industries Limited (ANIL), announced that its 5.2 MW Wind Turbine Generator (WTG), which is India's largest, has received type certification from WindGuard GmbH. The certification enables Adani Wind to start series production for global markets. The certification under IEC System for Certification to Standards Relating to Equipment for Use in Renewable Energy Applications (IECRE) affirms that the Adani Wind's 5.2 MW WTG meets highest quality and safety standards and provides international recognition to this turbine.
Stock market today: The stock market opened on a positive today (September 14) with both the Sensex and Nifty indices hovering near their all-time highs. At the commencement of the trading day, the Sensex exhibited a green signal, surging by 179.77 points to reach 67,646.76. Similarly, the Nifty opened in positive territory, with a gain of 66.35 points, taking it to 20,136.65.
Adani Global Pte Ltd, Singapore, a step-down wholly owned subsidiary of Adani Enterprises Ltd announced a 50:50 joint venture (JV) with Kowa Holdings Asia Pte Ltd, Singapore for sales and marketing of green ammonia, green hydrogen and its derivatives.
In a dynamic trading session on Thursday, the Indian stock market witnessed a surge, with both the NSE Nifty 50 and the BSE Sensex hitting record highs during early trading hours. The NSE Nifty 50 closed the session with a 0.16% gain, settling at 20,103.10 points, while the BSE Sensex registered an increase of 52.01 points to conclude at 67,519.00 points. 
India has emerged as a dominant player in the services trade. It is among the top service-exporting nations, with a continuous inflow of new orders. As the country's exports drive overall growth, export powerhouse AA Plus Tradelink has secured an export order worth Rs 510 million, or Rs 51 crore, which will be completed in the ongoing quarter of the current financial year.
Fitch Ratings has maintained India's growth forecast for the current fiscal year at 6.3% while highlighting the country's economic resilience despite tighter monetary policies and export challenges. However, the rating agency has raised its year-end inflation projection due to the looming threat of El Nino. India's economy experienced robust growth of 7.8% in the April-June quarter of the current fiscal year, driven by strong activity in the services sector and robust demand.
Amid the positive global cues, the equity benchmark indices opened in green hitting an all-time high on Friday. Rallying for the 11th day running, the 30-share BSE Sensex climbed 255.46 points to hit its fresh all-time high of 67,774.46 in early trade. The Nifty went up by 70.05 points to reach its new lifetime peak of 20,173.15.
The Indian stock market saw the Sensex and Nifty indices ending on a high note on Friday (September 15), marking a day of robust trading.
India's exports declined by 6.86 per cent to USD 34.48 billion in August 2023 as against USD 37.02 billion in the same month in 2022, according to the government data on Friday (September 15).
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