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IndiaTV Business: Google News Feed: Digest for September 20, 2023

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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).
Rs 2,000 note: The deadline to exchange or deposit the Rs 2,000 note is inching closer in India. The facility to exchange or deposit the notes shall be available to the common public only up to September 30 (Saturday).

Indian Bank rolls out 'IB SAATHI' to enhance banking services

Saturday 16 September 2023 09:10 AM UTC+00
Public sector Indian Bank on Saturday rolled out IB SAATHI (Sustainable Access and Aligning Technology for Holistic Inclusion), an initiative aimed at providing an integrated ecosystem for all stakeholders in the financial sector through the business correspondent route.
The paper industry's fortune is linked to a number of economic indicators. According to the International Project Management Association (IPMA), paper consumption in India will likely reach 30 million tons by 2027. There is growing demand for a variety of papers from sectors such as FMCG and retail for innovative packaging solutions as they reduce dependency on plastics. Paper stocks can also benefit from rising e-commerce shopping as well as ready-to-eat and packaged foods.
The equity benchmark indices opened in red amid weak global cues on Monday. After an 11-day rally, the 30-share BSE Sensex fell 286.6 points to 67,552.03. The Nifty declined 70.7 points to 20,121.65. Among the Sensex firms, Infosys, HCL Technologies, Tech Mahindra, HDFC Bank, Wipro and Reliance Industries were the major laggards. Mahindra & Mahindra, Titan, NTPC and Asian Paints were among the gainers.
The Ministry of Finance on Monday approved a series of welfare measures aimed towards the benefit of Life Insurance Corporation of India (LIC) agents and employees including enhancement of gratuity limit and expansion of term insurance coverance.
In a departure from its remarkable 11-day winning streak, the Sensex faced a downturn on Monday, shedding approximately 242 points due to profit-taking activities in the metal, banking, and telecom sectors, influenced by weak global trends. The benchmark index, which had recently scaled record highs, witnessed a pullback. The 30-share BSE Sensex registered a decline of 241.79 points or 0.36%, settling at 67,596.84 after a day of volatile trading. At its lowest point during the session, it fell by 305.8 points or 0.45% to reach 67,532.83.
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).
Rs 2,000 note: The deadline to exchange or deposit the Rs 2,000 note is inching closer in India. The facility to exchange or deposit the notes shall be available to the common public only up to September 30 (Saturday).

Indian Bank rolls out 'IB SAATHI' to enhance banking services

Saturday 16 September 2023 09:10 AM UTC+00
Public sector Indian Bank on Saturday rolled out IB SAATHI (Sustainable Access and Aligning Technology for Holistic Inclusion), an initiative aimed at providing an integrated ecosystem for all stakeholders in the financial sector through the business correspondent route.
The paper industry's fortune is linked to a number of economic indicators. According to the International Project Management Association (IPMA), paper consumption in India will likely reach 30 million tons by 2027. There is growing demand for a variety of papers from sectors such as FMCG and retail for innovative packaging solutions as they reduce dependency on plastics. Paper stocks can also benefit from rising e-commerce shopping as well as ready-to-eat and packaged foods.
The equity benchmark indices opened in red amid weak global cues on Monday. After an 11-day rally, the 30-share BSE Sensex fell 286.6 points to 67,552.03. The Nifty declined 70.7 points to 20,121.65. Among the Sensex firms, Infosys, HCL Technologies, Tech Mahindra, HDFC Bank, Wipro and Reliance Industries were the major laggards. Mahindra & Mahindra, Titan, NTPC and Asian Paints were among the gainers.
The Ministry of Finance on Monday approved a series of welfare measures aimed towards the benefit of Life Insurance Corporation of India (LIC) agents and employees including enhancement of gratuity limit and expansion of term insurance coverance.
In a departure from its remarkable 11-day winning streak, the Sensex faced a downturn on Monday, shedding approximately 242 points due to profit-taking activities in the metal, banking, and telecom sectors, influenced by weak global trends. The benchmark index, which had recently scaled record highs, witnessed a pullback. The 30-share BSE Sensex registered a decline of 241.79 points or 0.36%, settling at 67,596.84 after a day of volatile trading. At its lowest point during the session, it fell by 305.8 points or 0.45% to reach 67,532.83.
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).
Rs 2,000 note: The deadline to exchange or deposit the Rs 2,000 note is inching closer in India. The facility to exchange or deposit the notes shall be available to the common public only up to September 30 (Saturday).

Indian Bank rolls out 'IB SAATHI' to enhance banking services

Saturday 16 September 2023 09:10 AM UTC+00
Public sector Indian Bank on Saturday rolled out IB SAATHI (Sustainable Access and Aligning Technology for Holistic Inclusion), an initiative aimed at providing an integrated ecosystem for all stakeholders in the financial sector through the business correspondent route.
The paper industry's fortune is linked to a number of economic indicators. According to the International Project Management Association (IPMA), paper consumption in India will likely reach 30 million tons by 2027. There is growing demand for a variety of papers from sectors such as FMCG and retail for innovative packaging solutions as they reduce dependency on plastics. Paper stocks can also benefit from rising e-commerce shopping as well as ready-to-eat and packaged foods.
The equity benchmark indices opened in red amid weak global cues on Monday. After an 11-day rally, the 30-share BSE Sensex fell 286.6 points to 67,552.03. The Nifty declined 70.7 points to 20,121.65. Among the Sensex firms, Infosys, HCL Technologies, Tech Mahindra, HDFC Bank, Wipro and Reliance Industries were the major laggards. Mahindra & Mahindra, Titan, NTPC and Asian Paints were among the gainers.
The Ministry of Finance on Monday approved a series of welfare measures aimed towards the benefit of Life Insurance Corporation of India (LIC) agents and employees including enhancement of gratuity limit and expansion of term insurance coverance.
In a departure from its remarkable 11-day winning streak, the Sensex faced a downturn on Monday, shedding approximately 242 points due to profit-taking activities in the metal, banking, and telecom sectors, influenced by weak global trends. The benchmark index, which had recently scaled record highs, witnessed a pullback. The 30-share BSE Sensex registered a decline of 241.79 points or 0.36%, settling at 67,596.84 after a day of volatile trading. At its lowest point during the session, it fell by 305.8 points or 0.45% to reach 67,532.83.
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).
Rs 2,000 note: The deadline to exchange or deposit the Rs 2,000 note is inching closer in India. The facility to exchange or deposit the notes shall be available to the common public only up to September 30 (Saturday).

Indian Bank rolls out 'IB SAATHI' to enhance banking services

Saturday 16 September 2023 09:10 AM UTC+00
Public sector Indian Bank on Saturday rolled out IB SAATHI (Sustainable Access and Aligning Technology for Holistic Inclusion), an initiative aimed at providing an integrated ecosystem for all stakeholders in the financial sector through the business correspondent route.
The paper industry's fortune is linked to a number of economic indicators. According to the International Project Management Association (IPMA), paper consumption in India will likely reach 30 million tons by 2027. There is growing demand for a variety of papers from sectors such as FMCG and retail for innovative packaging solutions as they reduce dependency on plastics. Paper stocks can also benefit from rising e-commerce shopping as well as ready-to-eat and packaged foods.
The equity benchmark indices opened in red amid weak global cues on Monday. After an 11-day rally, the 30-share BSE Sensex fell 286.6 points to 67,552.03. The Nifty declined 70.7 points to 20,121.65. Among the Sensex firms, Infosys, HCL Technologies, Tech Mahindra, HDFC Bank, Wipro and Reliance Industries were the major laggards. Mahindra & Mahindra, Titan, NTPC and Asian Paints were among the gainers.
The Ministry of Finance on Monday approved a series of welfare measures aimed towards the benefit of Life Insurance Corporation of India (LIC) agents and employees including enhancement of gratuity limit and expansion of term insurance coverance.
In a departure from its remarkable 11-day winning streak, the Sensex faced a downturn on Monday, shedding approximately 242 points due to profit-taking activities in the metal, banking, and telecom sectors, influenced by weak global trends. The benchmark index, which had recently scaled record highs, witnessed a pullback. The 30-share BSE Sensex registered a decline of 241.79 points or 0.36%, settling at 67,596.84 after a day of volatile trading. At its lowest point during the session, it fell by 305.8 points or 0.45% to reach 67,532.83.
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).
Rs 2,000 note: The deadline to exchange or deposit the Rs 2,000 note is inching closer in India. The facility to exchange or deposit the notes shall be available to the common public only up to September 30 (Saturday).

Indian Bank rolls out 'IB SAATHI' to enhance banking services

Saturday 16 September 2023 09:10 AM UTC+00
Public sector Indian Bank on Saturday rolled out IB SAATHI (Sustainable Access and Aligning Technology for Holistic Inclusion), an initiative aimed at providing an integrated ecosystem for all stakeholders in the financial sector through the business correspondent route.
The paper industry's fortune is linked to a number of economic indicators. According to the International Project Management Association (IPMA), paper consumption in India will likely reach 30 million tons by 2027. There is growing demand for a variety of papers from sectors such as FMCG and retail for innovative packaging solutions as they reduce dependency on plastics. Paper stocks can also benefit from rising e-commerce shopping as well as ready-to-eat and packaged foods.
The equity benchmark indices opened in red amid weak global cues on Monday. After an 11-day rally, the 30-share BSE Sensex fell 286.6 points to 67,552.03. The Nifty declined 70.7 points to 20,121.65. Among the Sensex firms, Infosys, HCL Technologies, Tech Mahindra, HDFC Bank, Wipro and Reliance Industries were the major laggards. Mahindra & Mahindra, Titan, NTPC and Asian Paints were among the gainers.
The Ministry of Finance on Monday approved a series of welfare measures aimed towards the benefit of Life Insurance Corporation of India (LIC) agents and employees including enhancement of gratuity limit and expansion of term insurance coverance.
In a departure from its remarkable 11-day winning streak, the Sensex faced a downturn on Monday, shedding approximately 242 points due to profit-taking activities in the metal, banking, and telecom sectors, influenced by weak global trends. The benchmark index, which had recently scaled record highs, witnessed a pullback. The 30-share BSE Sensex registered a decline of 241.79 points or 0.36%, settling at 67,596.84 after a day of volatile trading. At its lowest point during the session, it fell by 305.8 points or 0.45% to reach 67,532.83.
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).
Rs 2,000 note: The deadline to exchange or deposit the Rs 2,000 note is inching closer in India. The facility to exchange or deposit the notes shall be available to the common public only up to September 30 (Saturday).

Indian Bank rolls out 'IB SAATHI' to enhance banking services

Saturday 16 September 2023 09:10 AM UTC+00
Public sector Indian Bank on Saturday rolled out IB SAATHI (Sustainable Access and Aligning Technology for Holistic Inclusion), an initiative aimed at providing an integrated ecosystem for all stakeholders in the financial sector through the business correspondent route.
The paper industry's fortune is linked to a number of economic indicators. According to the International Project Management Association (IPMA), paper consumption in India will likely reach 30 million tons by 2027. There is growing demand for a variety of papers from sectors such as FMCG and retail for innovative packaging solutions as they reduce dependency on plastics. Paper stocks can also benefit from rising e-commerce shopping as well as ready-to-eat and packaged foods.
The equity benchmark indices opened in red amid weak global cues on Monday. After an 11-day rally, the 30-share BSE Sensex fell 286.6 points to 67,552.03. The Nifty declined 70.7 points to 20,121.65. Among the Sensex firms, Infosys, HCL Technologies, Tech Mahindra, HDFC Bank, Wipro and Reliance Industries were the major laggards. Mahindra & Mahindra, Titan, NTPC and Asian Paints were among the gainers.
The Ministry of Finance on Monday approved a series of welfare measures aimed towards the benefit of Life Insurance Corporation of India (LIC) agents and employees including enhancement of gratuity limit and expansion of term insurance coverance.
In a departure from its remarkable 11-day winning streak, the Sensex faced a downturn on Monday, shedding approximately 242 points due to profit-taking activities in the metal, banking, and telecom sectors, influenced by weak global trends. The benchmark index, which had recently scaled record highs, witnessed a pullback. The 30-share BSE Sensex registered a decline of 241.79 points or 0.36%, settling at 67,596.84 after a day of volatile trading. At its lowest point during the session, it fell by 305.8 points or 0.45% to reach 67,532.83.
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).
Rs 2,000 note: The deadline to exchange or deposit the Rs 2,000 note is inching closer in India. The facility to exchange or deposit the notes shall be available to the common public only up to September 30 (Saturday).

Indian Bank rolls out 'IB SAATHI' to enhance banking services

Saturday 16 September 2023 09:10 AM UTC+00
Public sector Indian Bank on Saturday rolled out IB SAATHI (Sustainable Access and Aligning Technology for Holistic Inclusion), an initiative aimed at providing an integrated ecosystem for all stakeholders in the financial sector through the business correspondent route.
The paper industry's fortune is linked to a number of economic indicators. According to the International Project Management Association (IPMA), paper consumption in India will likely reach 30 million tons by 2027. There is growing demand for a variety of papers from sectors such as FMCG and retail for innovative packaging solutions as they reduce dependency on plastics. Paper stocks can also benefit from rising e-commerce shopping as well as ready-to-eat and packaged foods.
The equity benchmark indices opened in red amid weak global cues on Monday. After an 11-day rally, the 30-share BSE Sensex fell 286.6 points to 67,552.03. The Nifty declined 70.7 points to 20,121.65. Among the Sensex firms, Infosys, HCL Technologies, Tech Mahindra, HDFC Bank, Wipro and Reliance Industries were the major laggards. Mahindra & Mahindra, Titan, NTPC and Asian Paints were among the gainers.
The Ministry of Finance on Monday approved a series of welfare measures aimed towards the benefit of Life Insurance Corporation of India (LIC) agents and employees including enhancement of gratuity limit and expansion of term insurance coverance.
In a departure from its remarkable 11-day winning streak, the Sensex faced a downturn on Monday, shedding approximately 242 points due to profit-taking activities in the metal, banking, and telecom sectors, influenced by weak global trends. The benchmark index, which had recently scaled record highs, witnessed a pullback. The 30-share BSE Sensex registered a decline of 241.79 points or 0.36%, settling at 67,596.84 after a day of volatile trading. At its lowest point during the session, it fell by 305.8 points or 0.45% to reach 67,532.83.
India's telecom regulator, the Telecom Regulatory Authority of India (TRAI), has made significant recommendations to stimulate the telecom sector, including a substantial cut in entry fees for various telecom service licenses and the merging of bank guarantees. These proposals aim to promote a more favorable environment for both new and existing players in the industry. In a comprehensive set of recommendations, TRAI has suggested reducing the entry fee for Unified Licenses (UL) related to access services by half. This proposal, combined with the merger of bank guarantees and other measures, is expected to support the orderly growth of the telecom sector.
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).
Rs 2,000 note: The deadline to exchange or deposit the Rs 2,000 note is inching closer in India. The facility to exchange or deposit the notes shall be available to the common public only up to September 30 (Saturday).

Indian Bank rolls out 'IB SAATHI' to enhance banking services

Saturday 16 September 2023 09:10 AM UTC+00
Public sector Indian Bank on Saturday rolled out IB SAATHI (Sustainable Access and Aligning Technology for Holistic Inclusion), an initiative aimed at providing an integrated ecosystem for all stakeholders in the financial sector through the business correspondent route.
The paper industry's fortune is linked to a number of economic indicators. According to the International Project Management Association (IPMA), paper consumption in India will likely reach 30 million tons by 2027. There is growing demand for a variety of papers from sectors such as FMCG and retail for innovative packaging solutions as they reduce dependency on plastics. Paper stocks can also benefit from rising e-commerce shopping as well as ready-to-eat and packaged foods.
The equity benchmark indices opened in red amid weak global cues on Monday. After an 11-day rally, the 30-share BSE Sensex fell 286.6 points to 67,552.03. The Nifty declined 70.7 points to 20,121.65. Among the Sensex firms, Infosys, HCL Technologies, Tech Mahindra, HDFC Bank, Wipro and Reliance Industries were the major laggards. Mahindra & Mahindra, Titan, NTPC and Asian Paints were among the gainers.
The Ministry of Finance on Monday approved a series of welfare measures aimed towards the benefit of Life Insurance Corporation of India (LIC) agents and employees including enhancement of gratuity limit and expansion of term insurance coverance.
In a departure from its remarkable 11-day winning streak, the Sensex faced a downturn on Monday, shedding approximately 242 points due to profit-taking activities in the metal, banking, and telecom sectors, influenced by weak global trends. The benchmark index, which had recently scaled record highs, witnessed a pullback. The 30-share BSE Sensex registered a decline of 241.79 points or 0.36%, settling at 67,596.84 after a day of volatile trading. At its lowest point during the session, it fell by 305.8 points or 0.45% to reach 67,532.83.
India's telecom regulator, the Telecom Regulatory Authority of India (TRAI), has made significant recommendations to stimulate the telecom sector, including a substantial cut in entry fees for various telecom service licenses and the merging of bank guarantees. These proposals aim to promote a more favorable environment for both new and existing players in the industry. In a comprehensive set of recommendations, TRAI has suggested reducing the entry fee for Unified Licenses (UL) related to access services by half. This proposal, combined with the merger of bank guarantees and other measures, is expected to support the orderly growth of the telecom sector.
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