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IndiaTV Business: Google News Feed: Digest for October 12, 2023

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Petrol and diesel prices are unlikely to be increased despite firming raw material costs because of upcoming general elections next year, Moody's Investors Service said. Three state-owned fuel retailers -- Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) -- which control roughly 90 per cent of the market, have kept petrol and diesel prices on freeze for a record 18 months in a row.
Rs 2,000 notes deadline over: The last day for the public to avail of exchange or to deposit high-value Rs 2,000 banknotes at the banks was Saturday (October 7). A day before the deadline, Reserve Bank of India (RBI) Governor Shaktikanta Das had said only about Rs 12,000 crore (or 3.37 per cent) of the currency notes remained in circulation. This essentially meant over 96 per cent of the total value of Rs 2,000 banknotes were back in the banking system.
The benchmark Sensex fell by 510 points while Nifty lost 146 points in early trade on Monday. After losing early points, the Sensex was trading around 65,626 mark, while the Nifty- 19,539.
According to Naukri.com's monthly 'Naukri JobSpeak Index' report, white-collar hiring witnessed an 8.6 per cent annual decline in September, following a negative trend in sectors including IT, BPO or ITES and FMCG.
The Adani Group, which operates the Haifa Port in Israel, said that it was "closely monitoring the action on the ground" and that all employees were safe as the country is embroiled in a brutal war in the aftermath of an unprecedented and violent attack by Hamas.
There is a renewed attempt by the Financial Times and its collaborators to rehash old and baseless allegations to tarnish the name and standing of the Adani Group. This is part of their extended campaign to advance vested interests under the guise of public interest.
Amid a rise in economic and export activities, the paper industry has turned out to be one of the largest sectors with respect to business and income. As major paper players continue to grab export orders and multibagger stock, IFL Enterprises has informed exchanges that it has secured fresh export orders. The latest export orders amount to a whopping Rs 73 crore, according to a BSE filing by the fast-growing operator in the paper industry.
India's unemployment rate for individuals aged 15 and above has reached its lowest point in six years, registering at 3.2% during the period from July 2022 to June 2023, according to the Periodic Labour Force Survey Annual Report 2022-2023 released by the National Sample Survey Office.
Indian domestic equity indices, the Sensex and Nifty, made a promising start, buoyed by the global stock market's recovery. Simultaneously, concerns over the ongoing military conflict between Israel and the Palestinian Islamist group Hamas contributed to an increase in oil prices. As of the latest data available, the S&P BSE Sensex showed an uptick of 230.75 points or 0.35%, reaching 65,743.14, while the NSE Nifty recorded a gain of 65.4 points or 0.34%, standing at 19,577.75.
The Enforcement Directorate (ED) has arrested four people as part of its ongoing investigation against Chinese smartphone maker Vivo under the Prevention of Money Laundering Act (PMLA). The four people who have been taken under custody include a Chinese official Guangwen Kyang aka Andrew Kuang, Managing Director of Lava International Hari Om Rai, a Chartered Accountant Nitin Garg, and Rajan Malik.
The benchmark Sensex fell by 510 points while Nifty lost 146 points in early trade on Monday. After losing early points, the Sensex was trading around 65,626 mark, while the Nifty- 19,539.
According to Naukri.com's monthly 'Naukri JobSpeak Index' report, white-collar hiring witnessed an 8.6 per cent annual decline in September, following a negative trend in sectors including IT, BPO or ITES and FMCG.
The Adani Group, which operates the Haifa Port in Israel, said that it was "closely monitoring the action on the ground" and that all employees were safe as the country is embroiled in a brutal war in the aftermath of an unprecedented and violent attack by Hamas.
There is a renewed attempt by the Financial Times and its collaborators to rehash old and baseless allegations to tarnish the name and standing of the Adani Group. This is part of their extended campaign to advance vested interests under the guise of public interest.
Amid a rise in economic and export activities, the paper industry has turned out to be one of the largest sectors with respect to business and income. As major paper players continue to grab export orders and multibagger stock, IFL Enterprises has informed exchanges that it has secured fresh export orders. The latest export orders amount to a whopping Rs 73 crore, according to a BSE filing by the fast-growing operator in the paper industry.
India's unemployment rate for individuals aged 15 and above has reached its lowest point in six years, registering at 3.2% during the period from July 2022 to June 2023, according to the Periodic Labour Force Survey Annual Report 2022-2023 released by the National Sample Survey Office.
Indian domestic equity indices, the Sensex and Nifty, made a promising start, buoyed by the global stock market's recovery. Simultaneously, concerns over the ongoing military conflict between Israel and the Palestinian Islamist group Hamas contributed to an increase in oil prices. As of the latest data available, the S&P BSE Sensex showed an uptick of 230.75 points or 0.35%, reaching 65,743.14, while the NSE Nifty recorded a gain of 65.4 points or 0.34%, standing at 19,577.75.
The Enforcement Directorate (ED) has arrested four people as part of its ongoing investigation against Chinese smartphone maker Vivo under the Prevention of Money Laundering Act (PMLA). The four people who have been taken under custody include a Chinese official Guangwen Kyang aka Andrew Kuang, Managing Director of Lava International Hari Om Rai, a Chartered Accountant Nitin Garg, and Rajan Malik.
The International Monetary Fund (IMF) has revised its GDP growth projection for India for the financial year 2023-24 to 6.3%, marking the second upward revision since April. In its latest World Economic Outlook report, the IMF cited stronger-than-expected consumption during the April-June period as the driving force behind the increase. This projection is 20 basis points higher than the IMF's previous estimate, which stood at 6.1% in July. India's growth forecast has been consistently increasing, rising from 5.9% in April. The new projection aligns closely with the 6.5% forecast by Indian authorities for the fiscal year.
The Sensex, India's benchmark stock index, opened on a positive note, gaining 333 points and reaching a value of 66,412. Simultaneously, the Nifty, another key stock index, neared the 19,800 mark. This positive opening suggested a promising trading day in the Indian stock market.
The benchmark Sensex fell by 510 points while Nifty lost 146 points in early trade on Monday. After losing early points, the Sensex was trading around 65,626 mark, while the Nifty- 19,539.
According to Naukri.com's monthly 'Naukri JobSpeak Index' report, white-collar hiring witnessed an 8.6 per cent annual decline in September, following a negative trend in sectors including IT, BPO or ITES and FMCG.
The Adani Group, which operates the Haifa Port in Israel, said that it was "closely monitoring the action on the ground" and that all employees were safe as the country is embroiled in a brutal war in the aftermath of an unprecedented and violent attack by Hamas.
There is a renewed attempt by the Financial Times and its collaborators to rehash old and baseless allegations to tarnish the name and standing of the Adani Group. This is part of their extended campaign to advance vested interests under the guise of public interest.
Amid a rise in economic and export activities, the paper industry has turned out to be one of the largest sectors with respect to business and income. As major paper players continue to grab export orders and multibagger stock, IFL Enterprises has informed exchanges that it has secured fresh export orders. The latest export orders amount to a whopping Rs 73 crore, according to a BSE filing by the fast-growing operator in the paper industry.
India's unemployment rate for individuals aged 15 and above has reached its lowest point in six years, registering at 3.2% during the period from July 2022 to June 2023, according to the Periodic Labour Force Survey Annual Report 2022-2023 released by the National Sample Survey Office.
Indian domestic equity indices, the Sensex and Nifty, made a promising start, buoyed by the global stock market's recovery. Simultaneously, concerns over the ongoing military conflict between Israel and the Palestinian Islamist group Hamas contributed to an increase in oil prices. As of the latest data available, the S&P BSE Sensex showed an uptick of 230.75 points or 0.35%, reaching 65,743.14, while the NSE Nifty recorded a gain of 65.4 points or 0.34%, standing at 19,577.75.
The Enforcement Directorate (ED) has arrested four people as part of its ongoing investigation against Chinese smartphone maker Vivo under the Prevention of Money Laundering Act (PMLA). The four people who have been taken under custody include a Chinese official Guangwen Kyang aka Andrew Kuang, Managing Director of Lava International Hari Om Rai, a Chartered Accountant Nitin Garg, and Rajan Malik.
The International Monetary Fund (IMF) has revised its GDP growth projection for India for the financial year 2023-24 to 6.3%, marking the second upward revision since April. In its latest World Economic Outlook report, the IMF cited stronger-than-expected consumption during the April-June period as the driving force behind the increase. This projection is 20 basis points higher than the IMF's previous estimate, which stood at 6.1% in July. India's growth forecast has been consistently increasing, rising from 5.9% in April. The new projection aligns closely with the 6.5% forecast by Indian authorities for the fiscal year.
The Sensex, India's benchmark stock index, opened on a positive note, gaining 333 points and reaching a value of 66,412. Simultaneously, the Nifty, another key stock index, neared the 19,800 mark. This positive opening suggested a promising trading day in the Indian stock market.
The benchmark Sensex fell by 510 points while Nifty lost 146 points in early trade on Monday. After losing early points, the Sensex was trading around 65,626 mark, while the Nifty- 19,539.
According to Naukri.com's monthly 'Naukri JobSpeak Index' report, white-collar hiring witnessed an 8.6 per cent annual decline in September, following a negative trend in sectors including IT, BPO or ITES and FMCG.
The Adani Group, which operates the Haifa Port in Israel, said that it was "closely monitoring the action on the ground" and that all employees were safe as the country is embroiled in a brutal war in the aftermath of an unprecedented and violent attack by Hamas.
There is a renewed attempt by the Financial Times and its collaborators to rehash old and baseless allegations to tarnish the name and standing of the Adani Group. This is part of their extended campaign to advance vested interests under the guise of public interest.
Amid a rise in economic and export activities, the paper industry has turned out to be one of the largest sectors with respect to business and income. As major paper players continue to grab export orders and multibagger stock, IFL Enterprises has informed exchanges that it has secured fresh export orders. The latest export orders amount to a whopping Rs 73 crore, according to a BSE filing by the fast-growing operator in the paper industry.
India's unemployment rate for individuals aged 15 and above has reached its lowest point in six years, registering at 3.2% during the period from July 2022 to June 2023, according to the Periodic Labour Force Survey Annual Report 2022-2023 released by the National Sample Survey Office.
Indian domestic equity indices, the Sensex and Nifty, made a promising start, buoyed by the global stock market's recovery. Simultaneously, concerns over the ongoing military conflict between Israel and the Palestinian Islamist group Hamas contributed to an increase in oil prices. As of the latest data available, the S&P BSE Sensex showed an uptick of 230.75 points or 0.35%, reaching 65,743.14, while the NSE Nifty recorded a gain of 65.4 points or 0.34%, standing at 19,577.75.
The Enforcement Directorate (ED) has arrested four people as part of its ongoing investigation against Chinese smartphone maker Vivo under the Prevention of Money Laundering Act (PMLA). The four people who have been taken under custody include a Chinese official Guangwen Kyang aka Andrew Kuang, Managing Director of Lava International Hari Om Rai, a Chartered Accountant Nitin Garg, and Rajan Malik.
The International Monetary Fund (IMF) has revised its GDP growth projection for India for the financial year 2023-24 to 6.3%, marking the second upward revision since April. In its latest World Economic Outlook report, the IMF cited stronger-than-expected consumption during the April-June period as the driving force behind the increase. This projection is 20 basis points higher than the IMF's previous estimate, which stood at 6.1% in July. India's growth forecast has been consistently increasing, rising from 5.9% in April. The new projection aligns closely with the 6.5% forecast by Indian authorities for the fiscal year.
The Sensex, India's benchmark stock index, opened on a positive note, gaining 333 points and reaching a value of 66,412. Simultaneously, the Nifty, another key stock index, neared the 19,800 mark. This positive opening suggested a promising trading day in the Indian stock market.
According to Naukri.com's monthly 'Naukri JobSpeak Index' report, white-collar hiring witnessed an 8.6 per cent annual decline in September, following a negative trend in sectors including IT, BPO or ITES and FMCG.
The Adani Group, which operates the Haifa Port in Israel, said that it was "closely monitoring the action on the ground" and that all employees were safe as the country is embroiled in a brutal war in the aftermath of an unprecedented and violent attack by Hamas.
There is a renewed attempt by the Financial Times and its collaborators to rehash old and baseless allegations to tarnish the name and standing of the Adani Group. This is part of their extended campaign to advance vested interests under the guise of public interest.
Amid a rise in economic and export activities, the paper industry has turned out to be one of the largest sectors with respect to business and income. As major paper players continue to grab export orders and multibagger stock, IFL Enterprises has informed exchanges that it has secured fresh export orders. The latest export orders amount to a whopping Rs 73 crore, according to a BSE filing by the fast-growing operator in the paper industry.
India's unemployment rate for individuals aged 15 and above has reached its lowest point in six years, registering at 3.2% during the period from July 2022 to June 2023, according to the Periodic Labour Force Survey Annual Report 2022-2023 released by the National Sample Survey Office.
Indian domestic equity indices, the Sensex and Nifty, made a promising start, buoyed by the global stock market's recovery. Simultaneously, concerns over the ongoing military conflict between Israel and the Palestinian Islamist group Hamas contributed to an increase in oil prices. As of the latest data available, the S&P BSE Sensex showed an uptick of 230.75 points or 0.35%, reaching 65,743.14, while the NSE Nifty recorded a gain of 65.4 points or 0.34%, standing at 19,577.75.
The Enforcement Directorate (ED) has arrested four people as part of its ongoing investigation against Chinese smartphone maker Vivo under the Prevention of Money Laundering Act (PMLA). The four people who have been taken under custody include a Chinese official Guangwen Kyang aka Andrew Kuang, Managing Director of Lava International Hari Om Rai, a Chartered Accountant Nitin Garg, and Rajan Malik.
The International Monetary Fund (IMF) has revised its GDP growth projection for India for the financial year 2023-24 to 6.3%, marking the second upward revision since April. In its latest World Economic Outlook report, the IMF cited stronger-than-expected consumption during the April-June period as the driving force behind the increase. This projection is 20 basis points higher than the IMF's previous estimate, which stood at 6.1% in July. India's growth forecast has been consistently increasing, rising from 5.9% in April. The new projection aligns closely with the 6.5% forecast by Indian authorities for the fiscal year.
The Sensex, India's benchmark stock index, opened on a positive note, gaining 333 points and reaching a value of 66,412. Simultaneously, the Nifty, another key stock index, neared the 19,800 mark. This positive opening suggested a promising trading day in the Indian stock market.

TCS Q2 results: Net profit rises 8.7% to Rs 11,342

Wednesday 11 October 2023 01:01 PM UTC+00
The country's largest software company Tata Consultancy Services (TCS) on Wednesday said its net profit increased 8.7 percent year-on-year to Rs 11,342 crore in the September 2023 quarter.
The Adani Group, which operates the Haifa Port in Israel, said that it was "closely monitoring the action on the ground" and that all employees were safe as the country is embroiled in a brutal war in the aftermath of an unprecedented and violent attack by Hamas.
There is a renewed attempt by the Financial Times and its collaborators to rehash old and baseless allegations to tarnish the name and standing of the Adani Group. This is part of their extended campaign to advance vested interests under the guise of public interest.
Amid a rise in economic and export activities, the paper industry has turned out to be one of the largest sectors with respect to business and income. As major paper players continue to grab export orders and multibagger stock, IFL Enterprises has informed exchanges that it has secured fresh export orders. The latest export orders amount to a whopping Rs 73 crore, according to a BSE filing by the fast-growing operator in the paper industry.
India's unemployment rate for individuals aged 15 and above has reached its lowest point in six years, registering at 3.2% during the period from July 2022 to June 2023, according to the Periodic Labour Force Survey Annual Report 2022-2023 released by the National Sample Survey Office.
Indian domestic equity indices, the Sensex and Nifty, made a promising start, buoyed by the global stock market's recovery. Simultaneously, concerns over the ongoing military conflict between Israel and the Palestinian Islamist group Hamas contributed to an increase in oil prices. As of the latest data available, the S&P BSE Sensex showed an uptick of 230.75 points or 0.35%, reaching 65,743.14, while the NSE Nifty recorded a gain of 65.4 points or 0.34%, standing at 19,577.75.
The Enforcement Directorate (ED) has arrested four people as part of its ongoing investigation against Chinese smartphone maker Vivo under the Prevention of Money Laundering Act (PMLA). The four people who have been taken under custody include a Chinese official Guangwen Kyang aka Andrew Kuang, Managing Director of Lava International Hari Om Rai, a Chartered Accountant Nitin Garg, and Rajan Malik.
The International Monetary Fund (IMF) has revised its GDP growth projection for India for the financial year 2023-24 to 6.3%, marking the second upward revision since April. In its latest World Economic Outlook report, the IMF cited stronger-than-expected consumption during the April-June period as the driving force behind the increase. This projection is 20 basis points higher than the IMF's previous estimate, which stood at 6.1% in July. India's growth forecast has been consistently increasing, rising from 5.9% in April. The new projection aligns closely with the 6.5% forecast by Indian authorities for the fiscal year.
The Sensex, India's benchmark stock index, opened on a positive note, gaining 333 points and reaching a value of 66,412. Simultaneously, the Nifty, another key stock index, neared the 19,800 mark. This positive opening suggested a promising trading day in the Indian stock market.

TCS Q2 results: Net profit rises 8.7% to Rs 11,342

Wednesday 11 October 2023 01:01 PM UTC+00
The country's largest software company Tata Consultancy Services (TCS) on Wednesday said its net profit increased 8.7 percent year-on-year to Rs 11,342 crore in the September 2023 quarter.
The central government is all set to announce financial outlay to further bolster sustainable mining in the country with a focus on green coal technology. On Wednesday, Coal Minister Pralhad Joshi said that clean coal technologies have been developed and deployed to reduce the environmental impact of coal utilisation. His remarks came while addressing the valedictory session of the National Workshop on 'Global Experience Sharing on Just Transition'.
The Adani Group, which operates the Haifa Port in Israel, said that it was "closely monitoring the action on the ground" and that all employees were safe as the country is embroiled in a brutal war in the aftermath of an unprecedented and violent attack by Hamas.
There is a renewed attempt by the Financial Times and its collaborators to rehash old and baseless allegations to tarnish the name and standing of the Adani Group. This is part of their extended campaign to advance vested interests under the guise of public interest.
Amid a rise in economic and export activities, the paper industry has turned out to be one of the largest sectors with respect to business and income. As major paper players continue to grab export orders and multibagger stock, IFL Enterprises has informed exchanges that it has secured fresh export orders. The latest export orders amount to a whopping Rs 73 crore, according to a BSE filing by the fast-growing operator in the paper industry.
India's unemployment rate for individuals aged 15 and above has reached its lowest point in six years, registering at 3.2% during the period from July 2022 to June 2023, according to the Periodic Labour Force Survey Annual Report 2022-2023 released by the National Sample Survey Office.
Indian domestic equity indices, the Sensex and Nifty, made a promising start, buoyed by the global stock market's recovery. Simultaneously, concerns over the ongoing military conflict between Israel and the Palestinian Islamist group Hamas contributed to an increase in oil prices. As of the latest data available, the S&P BSE Sensex showed an uptick of 230.75 points or 0.35%, reaching 65,743.14, while the NSE Nifty recorded a gain of 65.4 points or 0.34%, standing at 19,577.75.
The Enforcement Directorate (ED) has arrested four people as part of its ongoing investigation against Chinese smartphone maker Vivo under the Prevention of Money Laundering Act (PMLA). The four people who have been taken under custody include a Chinese official Guangwen Kyang aka Andrew Kuang, Managing Director of Lava International Hari Om Rai, a Chartered Accountant Nitin Garg, and Rajan Malik.
The International Monetary Fund (IMF) has revised its GDP growth projection for India for the financial year 2023-24 to 6.3%, marking the second upward revision since April. In its latest World Economic Outlook report, the IMF cited stronger-than-expected consumption during the April-June period as the driving force behind the increase. This projection is 20 basis points higher than the IMF's previous estimate, which stood at 6.1% in July. India's growth forecast has been consistently increasing, rising from 5.9% in April. The new projection aligns closely with the 6.5% forecast by Indian authorities for the fiscal year.
The Sensex, India's benchmark stock index, opened on a positive note, gaining 333 points and reaching a value of 66,412. Simultaneously, the Nifty, another key stock index, neared the 19,800 mark. This positive opening suggested a promising trading day in the Indian stock market.

TCS Q2 results: Net profit rises 8.7% to Rs 11,342

Wednesday 11 October 2023 01:01 PM UTC+00
The country's largest software company Tata Consultancy Services (TCS) on Wednesday said its net profit increased 8.7 percent year-on-year to Rs 11,342 crore in the September 2023 quarter.
The central government is all set to announce financial outlay to further bolster sustainable mining in the country with a focus on green coal technology. On Wednesday, Coal Minister Pralhad Joshi said that clean coal technologies have been developed and deployed to reduce the environmental impact of coal utilisation. His remarks came while addressing the valedictory session of the National Workshop on 'Global Experience Sharing on Just Transition'.
The Adani Group, which operates the Haifa Port in Israel, said that it was "closely monitoring the action on the ground" and that all employees were safe as the country is embroiled in a brutal war in the aftermath of an unprecedented and violent attack by Hamas.
There is a renewed attempt by the Financial Times and its collaborators to rehash old and baseless allegations to tarnish the name and standing of the Adani Group. This is part of their extended campaign to advance vested interests under the guise of public interest.
Amid a rise in economic and export activities, the paper industry has turned out to be one of the largest sectors with respect to business and income. As major paper players continue to grab export orders and multibagger stock, IFL Enterprises has informed exchanges that it has secured fresh export orders. The latest export orders amount to a whopping Rs 73 crore, according to a BSE filing by the fast-growing operator in the paper industry.
India's unemployment rate for individuals aged 15 and above has reached its lowest point in six years, registering at 3.2% during the period from July 2022 to June 2023, according to the Periodic Labour Force Survey Annual Report 2022-2023 released by the National Sample Survey Office.
Indian domestic equity indices, the Sensex and Nifty, made a promising start, buoyed by the global stock market's recovery. Simultaneously, concerns over the ongoing military conflict between Israel and the Palestinian Islamist group Hamas contributed to an increase in oil prices. As of the latest data available, the S&P BSE Sensex showed an uptick of 230.75 points or 0.35%, reaching 65,743.14, while the NSE Nifty recorded a gain of 65.4 points or 0.34%, standing at 19,577.75.
The Enforcement Directorate (ED) has arrested four people as part of its ongoing investigation against Chinese smartphone maker Vivo under the Prevention of Money Laundering Act (PMLA). The four people who have been taken under custody include a Chinese official Guangwen Kyang aka Andrew Kuang, Managing Director of Lava International Hari Om Rai, a Chartered Accountant Nitin Garg, and Rajan Malik.
The International Monetary Fund (IMF) has revised its GDP growth projection for India for the financial year 2023-24 to 6.3%, marking the second upward revision since April. In its latest World Economic Outlook report, the IMF cited stronger-than-expected consumption during the April-June period as the driving force behind the increase. This projection is 20 basis points higher than the IMF's previous estimate, which stood at 6.1% in July. India's growth forecast has been consistently increasing, rising from 5.9% in April. The new projection aligns closely with the 6.5% forecast by Indian authorities for the fiscal year.
The Sensex, India's benchmark stock index, opened on a positive note, gaining 333 points and reaching a value of 66,412. Simultaneously, the Nifty, another key stock index, neared the 19,800 mark. This positive opening suggested a promising trading day in the Indian stock market.

TCS Q2 results: Net profit rises 8.7% to Rs 11,342

Wednesday 11 October 2023 01:01 PM UTC+00
The country's largest software company Tata Consultancy Services (TCS) on Wednesday said its net profit increased 8.7 percent year-on-year to Rs 11,342 crore in the September 2023 quarter.
The central government is all set to announce financial outlay to further bolster sustainable mining in the country with a focus on green coal technology. On Wednesday, Coal Minister Pralhad Joshi said that clean coal technologies have been developed and deployed to reduce the environmental impact of coal utilisation. His remarks came while addressing the valedictory session of the National Workshop on 'Global Experience Sharing on Just Transition'.
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