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IndiaTV Business: Google News Feed: Digest for October 13, 2023

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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 NBFC space is showing extreme bullishness in line with the rise in economic activity. The sector plays a critical role in participating in the development of the economy. According to a report by the Reserve Bank of India, the NBFC's contribution to the total credit extended to the economy has soared from 16.4 per cent in December last year to 29.1 per cent in February 2023.
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 NBFC space is showing extreme bullishness in line with the rise in economic activity. The sector plays a critical role in participating in the development of the economy. According to a report by the Reserve Bank of India, the NBFC's contribution to the total credit extended to the economy has soared from 16.4 per cent in December last year to 29.1 per cent in February 2023.

Sensex initiates trade with 60-point gain, Nifty opens at 19,825

Thursday 12 October 2023 04:07 AM UTC+00
Indian domestic equities started the trading session on a positive note but quickly transitioned to flat terrain following muted second-quarter (Q2) results from Tata Consultancy Services (TCS). The BSE benchmark Sensex initially gained 19.66 points, equivalent to a 0.03% increase, reaching 66,492.71. In parallel, the broader NSE Nifty 50 witnessed an uptick of 25.75 points, signifying a 0.13% rise to 19,837.10.
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 NBFC space is showing extreme bullishness in line with the rise in economic activity. The sector plays a critical role in participating in the development of the economy. According to a report by the Reserve Bank of India, the NBFC's contribution to the total credit extended to the economy has soared from 16.4 per cent in December last year to 29.1 per cent in February 2023.

Sensex initiates trade with 60-point gain, Nifty opens at 19,825

Thursday 12 October 2023 04:07 AM UTC+00
Indian domestic equities started the trading session on a positive note but quickly transitioned to flat terrain following muted second-quarter (Q2) results from Tata Consultancy Services (TCS). The BSE benchmark Sensex initially gained 19.66 points, equivalent to a 0.03% increase, reaching 66,492.71. In parallel, the broader NSE Nifty 50 witnessed an uptick of 25.75 points, signifying a 0.13% rise to 19,837.10.
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 NBFC space is showing extreme bullishness in line with the rise in economic activity. The sector plays a critical role in participating in the development of the economy. According to a report by the Reserve Bank of India, the NBFC's contribution to the total credit extended to the economy has soared from 16.4 per cent in December last year to 29.1 per cent in February 2023.

Sensex initiates trade with 60-point gain, Nifty opens at 19,825

Thursday 12 October 2023 04:07 AM UTC+00
Indian domestic equities started the trading session on a positive note but quickly transitioned to flat terrain following muted second-quarter (Q2) results from Tata Consultancy Services (TCS). The BSE benchmark Sensex initially gained 19.66 points, equivalent to a 0.03% increase, reaching 66,492.71. In parallel, the broader NSE Nifty 50 witnessed an uptick of 25.75 points, signifying a 0.13% rise to 19,837.10.
Reliance Industries chairman Mukesh Ambani along with his family visited Uttarakhand and offered prayers at the Badrinath Dham.

Mukesh Ambani reclaims top spot on Forbes India rich list

Thursday 12 October 2023 09:54 AM UTC+00
Forbes India rich list: Mukesh Ambani has reclaimed the number 1 position on the 2023 Forbes list of India's 100 Richest in a dramatic shift in the pecking order at the top. The collective wealth of India's 100 Richest was flat at $799 billion this year.
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 NBFC space is showing extreme bullishness in line with the rise in economic activity. The sector plays a critical role in participating in the development of the economy. According to a report by the Reserve Bank of India, the NBFC's contribution to the total credit extended to the economy has soared from 16.4 per cent in December last year to 29.1 per cent in February 2023.

Sensex initiates trade with 60-point gain, Nifty opens at 19,825

Thursday 12 October 2023 04:07 AM UTC+00
Indian domestic equities started the trading session on a positive note but quickly transitioned to flat terrain following muted second-quarter (Q2) results from Tata Consultancy Services (TCS). The BSE benchmark Sensex initially gained 19.66 points, equivalent to a 0.03% increase, reaching 66,492.71. In parallel, the broader NSE Nifty 50 witnessed an uptick of 25.75 points, signifying a 0.13% rise to 19,837.10.
Reliance Industries chairman Mukesh Ambani along with his family visited Uttarakhand and offered prayers at the Badrinath Dham.

Mukesh Ambani reclaims top spot on Forbes India rich list

Thursday 12 October 2023 09:54 AM UTC+00
Forbes India rich list: Mukesh Ambani has reclaimed the number 1 position on the 2023 Forbes list of India's 100 Richest in a dramatic shift in the pecking order at the top. The collective wealth of India's 100 Richest was flat at $799 billion this year.
A recent data by the central government revealed that retail inflation declined to a three-month low of 5.02 in September, mainly due to easing food prices. The inflation has come back to the Reserve Bank's comfort level of below 6 per cent after a gap of two months.
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 NBFC space is showing extreme bullishness in line with the rise in economic activity. The sector plays a critical role in participating in the development of the economy. According to a report by the Reserve Bank of India, the NBFC's contribution to the total credit extended to the economy has soared from 16.4 per cent in December last year to 29.1 per cent in February 2023.

Sensex initiates trade with 60-point gain, Nifty opens at 19,825

Thursday 12 October 2023 04:07 AM UTC+00
Indian domestic equities started the trading session on a positive note but quickly transitioned to flat terrain following muted second-quarter (Q2) results from Tata Consultancy Services (TCS). The BSE benchmark Sensex initially gained 19.66 points, equivalent to a 0.03% increase, reaching 66,492.71. In parallel, the broader NSE Nifty 50 witnessed an uptick of 25.75 points, signifying a 0.13% rise to 19,837.10.
Reliance Industries chairman Mukesh Ambani along with his family visited Uttarakhand and offered prayers at the Badrinath Dham.

Mukesh Ambani reclaims top spot on Forbes India rich list

Thursday 12 October 2023 09:54 AM UTC+00
Forbes India rich list: Mukesh Ambani has reclaimed the number 1 position on the 2023 Forbes list of India's 100 Richest in a dramatic shift in the pecking order at the top. The collective wealth of India's 100 Richest was flat at $799 billion this year.
A recent data by the central government revealed that retail inflation declined to a three-month low of 5.02 in September, mainly due to easing food prices. The inflation has come back to the Reserve Bank's comfort level of below 6 per cent after a gap of two months.
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 NBFC space is showing extreme bullishness in line with the rise in economic activity. The sector plays a critical role in participating in the development of the economy. According to a report by the Reserve Bank of India, the NBFC's contribution to the total credit extended to the economy has soared from 16.4 per cent in December last year to 29.1 per cent in February 2023.

Sensex initiates trade with 60-point gain, Nifty opens at 19,825

Thursday 12 October 2023 04:07 AM UTC+00
Indian domestic equities started the trading session on a positive note but quickly transitioned to flat terrain following muted second-quarter (Q2) results from Tata Consultancy Services (TCS). The BSE benchmark Sensex initially gained 19.66 points, equivalent to a 0.03% increase, reaching 66,492.71. In parallel, the broader NSE Nifty 50 witnessed an uptick of 25.75 points, signifying a 0.13% rise to 19,837.10.
Reliance Industries chairman Mukesh Ambani along with his family visited Uttarakhand and offered prayers at the Badrinath Dham.

Mukesh Ambani reclaims top spot on Forbes India rich list

Thursday 12 October 2023 09:54 AM UTC+00
Forbes India rich list: Mukesh Ambani has reclaimed the number 1 position on the 2023 Forbes list of India's 100 Richest in a dramatic shift in the pecking order at the top. The collective wealth of India's 100 Richest was flat at $799 billion this year.
A recent data by the central government revealed that retail inflation declined to a three-month low of 5.02 in September, mainly due to easing food prices. The inflation has come back to the Reserve Bank's comfort level of below 6 per cent after a gap of two months.
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