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IndiaTV Business: Google News Feed: Digest for September 23, 2023

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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.
Sensex Nifty today: The rupee strengthened by 6 paise to 83.26 against the US dollar in early trade today on easing global crude oil prices and rising appetite for riskier assets. However, a sell-off in the domestic equity markets and a strong American currency against major rivals overseas restricted the rupee's rise, traders said.
After the ticket booking app faced a boycott call on social media, BookMyShow on Wednesday cancelled Punjabi- Canadian singer Shubhneet Singh's India tour for hosting a singer who is allegedly a Khalistani sympathiser.
Indian market indices, the Sensex and the Nifty, experienced a day of substantial losses as most of their constituent stocks closed in the red. The Sensex witnessed a steep decline, plummeting 869 points to reach an intraday low of 66,728.14 during the trading session. Similarly, the Nifty recorded a drop of 254 points, touching its intraday low at 19,878.85.
Over the years, the amalgamation of e-commerce and social media has altered the manner in which consumers and companies participate in the retail sector, revolutionising our shopping habits and interactions.
Infrastructure is pivotal to economic growth. The government's focus on the country's infrastructural needs through various schemes and policies is key to achieving the 2047 vision of reclassifying from a developing economy to a developed economy. In the aftermath of the pandemic, the focus rests not only on physical infrastructure but on digital and social infrastructure as well.
Indian domestic equities experienced a downward trend for the third consecutive session on Thursday, influenced by the decision of the US Federal Reserve to maintain the policy rate at its current level. The central bank's decision, coupled with its commitment to a potential rate hike later this year, triggered a negative sentiment in the Indian stock market.
The agriculture sector, often referred to as the backbone of the economy, has been a focal point for the government's attention in recent times. Despite numerous challenges and obstacles, the government has undertaken a diverse range of initiatives aimed at fortifying the agriculture sector.
Sebi on Thursday decided to provide flexibility in the framework for large corporations to meet financing needs through the issuance of debt securities and also extended the timeline for investment advisers to comply with enhanced qualification and experience requirements. Also, the regulator will streamline the framework for credit of unclaimed amounts of investors in listed entities other than companies, REITS, and InvITs to the Investor Protection and Education Fund (IPEF) along with the process of refund from the IPEF.
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.
Sensex Nifty today: The rupee strengthened by 6 paise to 83.26 against the US dollar in early trade today on easing global crude oil prices and rising appetite for riskier assets. However, a sell-off in the domestic equity markets and a strong American currency against major rivals overseas restricted the rupee's rise, traders said.
After the ticket booking app faced a boycott call on social media, BookMyShow on Wednesday cancelled Punjabi- Canadian singer Shubhneet Singh's India tour for hosting a singer who is allegedly a Khalistani sympathiser.
Indian market indices, the Sensex and the Nifty, experienced a day of substantial losses as most of their constituent stocks closed in the red. The Sensex witnessed a steep decline, plummeting 869 points to reach an intraday low of 66,728.14 during the trading session. Similarly, the Nifty recorded a drop of 254 points, touching its intraday low at 19,878.85.
Over the years, the amalgamation of e-commerce and social media has altered the manner in which consumers and companies participate in the retail sector, revolutionising our shopping habits and interactions.
Infrastructure is pivotal to economic growth. The government's focus on the country's infrastructural needs through various schemes and policies is key to achieving the 2047 vision of reclassifying from a developing economy to a developed economy. In the aftermath of the pandemic, the focus rests not only on physical infrastructure but on digital and social infrastructure as well.
Indian domestic equities experienced a downward trend for the third consecutive session on Thursday, influenced by the decision of the US Federal Reserve to maintain the policy rate at its current level. The central bank's decision, coupled with its commitment to a potential rate hike later this year, triggered a negative sentiment in the Indian stock market.
The agriculture sector, often referred to as the backbone of the economy, has been a focal point for the government's attention in recent times. Despite numerous challenges and obstacles, the government has undertaken a diverse range of initiatives aimed at fortifying the agriculture sector.
Sebi on Thursday decided to provide flexibility in the framework for large corporations to meet financing needs through the issuance of debt securities and also extended the timeline for investment advisers to comply with enhanced qualification and experience requirements. Also, the regulator will streamline the framework for credit of unclaimed amounts of investors in listed entities other than companies, REITS, and InvITs to the Investor Protection and Education Fund (IPEF) along with the process of refund from the IPEF.
Equity benchmark indices Sensex and Nifty started Friday's opening trade on a quiet note after three days of the selling spree. The 30-share BSE Sensex touched a low of 66,185 in opening bells, but soon rallied to a high of 66,418 - and was up over 100 points at 66,340. The NSE Nifty was seen holding the 19,750 level. 
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.
Sensex Nifty today: The rupee strengthened by 6 paise to 83.26 against the US dollar in early trade today on easing global crude oil prices and rising appetite for riskier assets. However, a sell-off in the domestic equity markets and a strong American currency against major rivals overseas restricted the rupee's rise, traders said.
After the ticket booking app faced a boycott call on social media, BookMyShow on Wednesday cancelled Punjabi- Canadian singer Shubhneet Singh's India tour for hosting a singer who is allegedly a Khalistani sympathiser.
Indian market indices, the Sensex and the Nifty, experienced a day of substantial losses as most of their constituent stocks closed in the red. The Sensex witnessed a steep decline, plummeting 869 points to reach an intraday low of 66,728.14 during the trading session. Similarly, the Nifty recorded a drop of 254 points, touching its intraday low at 19,878.85.
Over the years, the amalgamation of e-commerce and social media has altered the manner in which consumers and companies participate in the retail sector, revolutionising our shopping habits and interactions.
Infrastructure is pivotal to economic growth. The government's focus on the country's infrastructural needs through various schemes and policies is key to achieving the 2047 vision of reclassifying from a developing economy to a developed economy. In the aftermath of the pandemic, the focus rests not only on physical infrastructure but on digital and social infrastructure as well.
Indian domestic equities experienced a downward trend for the third consecutive session on Thursday, influenced by the decision of the US Federal Reserve to maintain the policy rate at its current level. The central bank's decision, coupled with its commitment to a potential rate hike later this year, triggered a negative sentiment in the Indian stock market.
The agriculture sector, often referred to as the backbone of the economy, has been a focal point for the government's attention in recent times. Despite numerous challenges and obstacles, the government has undertaken a diverse range of initiatives aimed at fortifying the agriculture sector.
Sebi on Thursday decided to provide flexibility in the framework for large corporations to meet financing needs through the issuance of debt securities and also extended the timeline for investment advisers to comply with enhanced qualification and experience requirements. Also, the regulator will streamline the framework for credit of unclaimed amounts of investors in listed entities other than companies, REITS, and InvITs to the Investor Protection and Education Fund (IPEF) along with the process of refund from the IPEF.
Equity benchmark indices Sensex and Nifty started Friday's opening trade on a quiet note after three days of the selling spree. The 30-share BSE Sensex climbed 187.71 points to 66,417.95 in early trade. The Nifty advanced 49.8 points to 19,792.15.
Sensex Nifty today: The rupee strengthened by 6 paise to 83.26 against the US dollar in early trade today on easing global crude oil prices and rising appetite for riskier assets. However, a sell-off in the domestic equity markets and a strong American currency against major rivals overseas restricted the rupee's rise, traders said.
After the ticket booking app faced a boycott call on social media, BookMyShow on Wednesday cancelled Punjabi- Canadian singer Shubhneet Singh's India tour for hosting a singer who is allegedly a Khalistani sympathiser.
Indian market indices, the Sensex and the Nifty, experienced a day of substantial losses as most of their constituent stocks closed in the red. The Sensex witnessed a steep decline, plummeting 869 points to reach an intraday low of 66,728.14 during the trading session. Similarly, the Nifty recorded a drop of 254 points, touching its intraday low at 19,878.85.
Over the years, the amalgamation of e-commerce and social media has altered the manner in which consumers and companies participate in the retail sector, revolutionising our shopping habits and interactions.
Infrastructure is pivotal to economic growth. The government's focus on the country's infrastructural needs through various schemes and policies is key to achieving the 2047 vision of reclassifying from a developing economy to a developed economy. In the aftermath of the pandemic, the focus rests not only on physical infrastructure but on digital and social infrastructure as well.
Indian domestic equities experienced a downward trend for the third consecutive session on Thursday, influenced by the decision of the US Federal Reserve to maintain the policy rate at its current level. The central bank's decision, coupled with its commitment to a potential rate hike later this year, triggered a negative sentiment in the Indian stock market.
The agriculture sector, often referred to as the backbone of the economy, has been a focal point for the government's attention in recent times. Despite numerous challenges and obstacles, the government has undertaken a diverse range of initiatives aimed at fortifying the agriculture sector.
Sebi on Thursday decided to provide flexibility in the framework for large corporations to meet financing needs through the issuance of debt securities and also extended the timeline for investment advisers to comply with enhanced qualification and experience requirements. Also, the regulator will streamline the framework for credit of unclaimed amounts of investors in listed entities other than companies, REITS, and InvITs to the Investor Protection and Education Fund (IPEF) along with the process of refund from the IPEF.
Equity benchmark indices Sensex and Nifty started Friday's opening trade on a quiet note after three days of the selling spree. The 30-share BSE Sensex climbed 187.71 points to 66,417.95 in early trade. The Nifty advanced 49.8 points to 19,792.15.
Equity benchmark indices Sensex and Nifty stayed on the back foot for the fourth straight session on Friday as investors offloaded healthcare, consumer durable and commodity stocks amid a weak trend in global markets. Foreign fund outflows and heavy selling in HDFC shares also hit investor sentiments, traders said.
Sensex Nifty today: The rupee strengthened by 6 paise to 83.26 against the US dollar in early trade today on easing global crude oil prices and rising appetite for riskier assets. However, a sell-off in the domestic equity markets and a strong American currency against major rivals overseas restricted the rupee's rise, traders said.
After the ticket booking app faced a boycott call on social media, BookMyShow on Wednesday cancelled Punjabi- Canadian singer Shubhneet Singh's India tour for hosting a singer who is allegedly a Khalistani sympathiser.
Indian market indices, the Sensex and the Nifty, experienced a day of substantial losses as most of their constituent stocks closed in the red. The Sensex witnessed a steep decline, plummeting 869 points to reach an intraday low of 66,728.14 during the trading session. Similarly, the Nifty recorded a drop of 254 points, touching its intraday low at 19,878.85.
Infrastructure is pivotal to economic growth. The government's focus on the country's infrastructural needs through various schemes and policies is key to achieving the 2047 vision of reclassifying from a developing economy to a developed economy. In the aftermath of the pandemic, the focus rests not only on physical infrastructure but on digital and social infrastructure as well.
Indian domestic equities experienced a downward trend for the third consecutive session on Thursday, influenced by the decision of the US Federal Reserve to maintain the policy rate at its current level. The central bank's decision, coupled with its commitment to a potential rate hike later this year, triggered a negative sentiment in the Indian stock market.
The agriculture sector, often referred to as the backbone of the economy, has been a focal point for the government's attention in recent times. Despite numerous challenges and obstacles, the government has undertaken a diverse range of initiatives aimed at fortifying the agriculture sector.
Sebi on Thursday decided to provide flexibility in the framework for large corporations to meet financing needs through the issuance of debt securities and also extended the timeline for investment advisers to comply with enhanced qualification and experience requirements. Also, the regulator will streamline the framework for credit of unclaimed amounts of investors in listed entities other than companies, REITS, and InvITs to the Investor Protection and Education Fund (IPEF) along with the process of refund from the IPEF.
Equity benchmark indices Sensex and Nifty started Friday's opening trade on a quiet note after three days of the selling spree. The 30-share BSE Sensex climbed 187.71 points to 66,417.95 in early trade. The Nifty advanced 49.8 points to 19,792.15.
Equity benchmark indices Sensex and Nifty stayed on the back foot for the fourth straight session on Friday as investors offloaded healthcare, consumer durable and commodity stocks amid a weak trend in global markets. Foreign fund outflows and heavy selling in HDFC shares also hit investor sentiments, traders said.

Forex kitty drops USD 867 million to USD 593 billion

Friday 22 September 2023 01:17 PM UTC+00
India's foreign exchange reserves declined USD 867 million to USD 593.037 billion in the week ended September 15, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves dropped USD 4.99 billion to USD 593.90 billion. In October 2021, the country's reserves had touched an all-time high of USD 645 billion.
Sensex Nifty today: The rupee strengthened by 6 paise to 83.26 against the US dollar in early trade today on easing global crude oil prices and rising appetite for riskier assets. However, a sell-off in the domestic equity markets and a strong American currency against major rivals overseas restricted the rupee's rise, traders said.
After the ticket booking app faced a boycott call on social media, BookMyShow on Wednesday cancelled Punjabi- Canadian singer Shubhneet Singh's India tour for hosting a singer who is allegedly a Khalistani sympathiser.
Indian market indices, the Sensex and the Nifty, experienced a day of substantial losses as most of their constituent stocks closed in the red. The Sensex witnessed a steep decline, plummeting 869 points to reach an intraday low of 66,728.14 during the trading session. Similarly, the Nifty recorded a drop of 254 points, touching its intraday low at 19,878.85.
Infrastructure is pivotal to economic growth. The government's focus on the country's infrastructural needs through various schemes and policies is key to achieving the 2047 vision of reclassifying from a developing economy to a developed economy. In the aftermath of the pandemic, the focus rests not only on physical infrastructure but on digital and social infrastructure as well.
Indian domestic equities experienced a downward trend for the third consecutive session on Thursday, influenced by the decision of the US Federal Reserve to maintain the policy rate at its current level. The central bank's decision, coupled with its commitment to a potential rate hike later this year, triggered a negative sentiment in the Indian stock market.
The agriculture sector, often referred to as the backbone of the economy, has been a focal point for the government's attention in recent times. Despite numerous challenges and obstacles, the government has undertaken a diverse range of initiatives aimed at fortifying the agriculture sector.
Sebi on Thursday decided to provide flexibility in the framework for large corporations to meet financing needs through the issuance of debt securities and also extended the timeline for investment advisers to comply with enhanced qualification and experience requirements. Also, the regulator will streamline the framework for credit of unclaimed amounts of investors in listed entities other than companies, REITS, and InvITs to the Investor Protection and Education Fund (IPEF) along with the process of refund from the IPEF.
Equity benchmark indices Sensex and Nifty started Friday's opening trade on a quiet note after three days of the selling spree. The 30-share BSE Sensex climbed 187.71 points to 66,417.95 in early trade. The Nifty advanced 49.8 points to 19,792.15.
Equity benchmark indices Sensex and Nifty stayed on the back foot for the fourth straight session on Friday as investors offloaded healthcare, consumer durable and commodity stocks amid a weak trend in global markets. Foreign fund outflows and heavy selling in HDFC shares also hit investor sentiments, traders said.

Forex kitty drops USD 867 million to USD 593 billion

Friday 22 September 2023 01:17 PM UTC+00
India's foreign exchange reserves declined USD 867 million to USD 593.037 billion in the week ended September 15, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves dropped USD 4.99 billion to USD 593.90 billion. In October 2021, the country's reserves had touched an all-time high of USD 645 billion.
Sensex Nifty today: The rupee strengthened by 6 paise to 83.26 against the US dollar in early trade today on easing global crude oil prices and rising appetite for riskier assets. However, a sell-off in the domestic equity markets and a strong American currency against major rivals overseas restricted the rupee's rise, traders said.
After the ticket booking app faced a boycott call on social media, BookMyShow on Wednesday cancelled Punjabi- Canadian singer Shubhneet Singh's India tour for hosting a singer who is allegedly a Khalistani sympathiser.
Indian market indices, the Sensex and the Nifty, experienced a day of substantial losses as most of their constituent stocks closed in the red. The Sensex witnessed a steep decline, plummeting 869 points to reach an intraday low of 66,728.14 during the trading session. Similarly, the Nifty recorded a drop of 254 points, touching its intraday low at 19,878.85.
Infrastructure is pivotal to economic growth. The government's focus on the country's infrastructural needs through various schemes and policies is key to achieving the 2047 vision of reclassifying from a developing economy to a developed economy. In the aftermath of the pandemic, the focus rests not only on physical infrastructure but on digital and social infrastructure as well.
Indian domestic equities experienced a downward trend for the third consecutive session on Thursday, influenced by the decision of the US Federal Reserve to maintain the policy rate at its current level. The central bank's decision, coupled with its commitment to a potential rate hike later this year, triggered a negative sentiment in the Indian stock market.
The agriculture sector, often referred to as the backbone of the economy, has been a focal point for the government's attention in recent times. Despite numerous challenges and obstacles, the government has undertaken a diverse range of initiatives aimed at fortifying the agriculture sector.
Sebi on Thursday decided to provide flexibility in the framework for large corporations to meet financing needs through the issuance of debt securities and also extended the timeline for investment advisers to comply with enhanced qualification and experience requirements. Also, the regulator will streamline the framework for credit of unclaimed amounts of investors in listed entities other than companies, REITS, and InvITs to the Investor Protection and Education Fund (IPEF) along with the process of refund from the IPEF.
Equity benchmark indices Sensex and Nifty started Friday's opening trade on a quiet note after three days of the selling spree. The 30-share BSE Sensex climbed 187.71 points to 66,417.95 in early trade. The Nifty advanced 49.8 points to 19,792.15.
Equity benchmark indices Sensex and Nifty stayed on the back foot for the fourth straight session on Friday as investors offloaded healthcare, consumer durable and commodity stocks amid a weak trend in global markets. Foreign fund outflows and heavy selling in HDFC shares also hit investor sentiments, traders said.

Forex kitty drops USD 867 million to USD 593 billion

Friday 22 September 2023 01:17 PM UTC+00
India's foreign exchange reserves declined USD 867 million to USD 593.037 billion in the week ended September 15, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves dropped USD 4.99 billion to USD 593.90 billion. In October 2021, the country's reserves had touched an all-time high of USD 645 billion.
Sensex Nifty today: The rupee strengthened by 6 paise to 83.26 against the US dollar in early trade today on easing global crude oil prices and rising appetite for riskier assets. However, a sell-off in the domestic equity markets and a strong American currency against major rivals overseas restricted the rupee's rise, traders said.
After the ticket booking app faced a boycott call on social media, BookMyShow on Wednesday cancelled Punjabi- Canadian singer Shubhneet Singh's India tour for hosting a singer who is allegedly a Khalistani sympathiser.
Indian market indices, the Sensex and the Nifty, experienced a day of substantial losses as most of their constituent stocks closed in the red. The Sensex witnessed a steep decline, plummeting 869 points to reach an intraday low of 66,728.14 during the trading session. Similarly, the Nifty recorded a drop of 254 points, touching its intraday low at 19,878.85.
Infrastructure is pivotal to economic growth. The government's focus on the country's infrastructural needs through various schemes and policies is key to achieving the 2047 vision of reclassifying from a developing economy to a developed economy. In the aftermath of the pandemic, the focus rests not only on physical infrastructure but on digital and social infrastructure as well.
Indian domestic equities experienced a downward trend for the third consecutive session on Thursday, influenced by the decision of the US Federal Reserve to maintain the policy rate at its current level. The central bank's decision, coupled with its commitment to a potential rate hike later this year, triggered a negative sentiment in the Indian stock market.
The agriculture sector, often referred to as the backbone of the economy, has been a focal point for the government's attention in recent times. Despite numerous challenges and obstacles, the government has undertaken a diverse range of initiatives aimed at fortifying the agriculture sector.
Sebi on Thursday decided to provide flexibility in the framework for large corporations to meet financing needs through the issuance of debt securities and also extended the timeline for investment advisers to comply with enhanced qualification and experience requirements. Also, the regulator will streamline the framework for credit of unclaimed amounts of investors in listed entities other than companies, REITS, and InvITs to the Investor Protection and Education Fund (IPEF) along with the process of refund from the IPEF.
Equity benchmark indices Sensex and Nifty started Friday's opening trade on a quiet note after three days of the selling spree. The 30-share BSE Sensex climbed 187.71 points to 66,417.95 in early trade. The Nifty advanced 49.8 points to 19,792.15.
Equity benchmark indices Sensex and Nifty stayed on the back foot for the fourth straight session on Friday as investors offloaded healthcare, consumer durable and commodity stocks amid a weak trend in global markets. Foreign fund outflows and heavy selling in HDFC shares also hit investor sentiments, traders said.

Forex kitty drops USD 867 million to USD 593 billion

Friday 22 September 2023 01:17 PM UTC+00
India's foreign exchange reserves declined USD 867 million to USD 593.037 billion in the week ended September 15, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves dropped USD 4.99 billion to USD 593.90 billion. In October 2021, the country's reserves had touched an all-time high of USD 645 billion.
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