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

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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.
Air India Express is planning to induct 50 new B737 MAX planes in the upcoming 15 months as the Tata Group boosts its aviation business.
Closing market bell: Equity benchmark indices Sensex and Nifty declined for the second straight session today (October 13) following selling in banking, financial and select IT shares amid a weak trend in global markets.
A Delhi court on Friday extended the Enforcement Directorate (ED) custody of four people arrested in a money laundering case against Chinese smartphone maker Vivo. The custody has been extended for three days. The four people, whose custody has been extended, 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.
Knight Frank Global Residential Cities Index 2023: In terms of the rise in housing prices during April-June quarter of 2023, Mumbai climbed to 19th position and Bengaluru to 22nd globally according to Knight Frank India.
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.
Air India Express is planning to induct 50 new B737 MAX planes in the upcoming 15 months as the Tata Group boosts its aviation business.
Closing market bell: Equity benchmark indices Sensex and Nifty declined for the second straight session today (October 13) following selling in banking, financial and select IT shares amid a weak trend in global markets.
A Delhi court on Friday extended the Enforcement Directorate (ED) custody of four people arrested in a money laundering case against Chinese smartphone maker Vivo. The custody has been extended for three days. The four people, whose custody has been extended, 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.
Knight Frank Global Residential Cities Index 2023: In terms of the rise in housing prices during April-June quarter of 2023, Mumbai climbed to 19th position and Bengaluru to 22nd globally according to Knight Frank India.
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.
Air India Express is planning to induct 50 new B737 MAX planes in the upcoming 15 months as the Tata Group boosts its aviation business.
Closing market bell: Equity benchmark indices Sensex and Nifty declined for the second straight session today (October 13) following selling in banking, financial and select IT shares amid a weak trend in global markets.
A Delhi court on Friday extended the Enforcement Directorate (ED) custody of four people arrested in a money laundering case against Chinese smartphone maker Vivo. The custody has been extended for three days. The four people, whose custody has been extended, 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.
Knight Frank Global Residential Cities Index 2023: In terms of the rise in housing prices during April-June quarter of 2023, Mumbai climbed to 19th position and Bengaluru to 22nd globally according to Knight Frank India.
A strong and robust domestic demand, coupled with increasing exports has augured well for the paper industry. According to the International Project Management Association (IPMA), paper consumption in India will likely reach 30 million tons by 2027.
Steel maker SAIL plans to start the trial production of head hardened (HH) rails, used in metro rail and freight corridor projects, by month-end, its Chairman Amarendu Prakash said. The steel PSU was earlier looking to start the trial production of HH rails in August but deferred it due to the demand for normal rails like 880 grade from the Indian Railways, Prakash told PTI in an interview.
The chemical and petrochemical industry can play a significant role in the country's economic growth. As the government works on transforming India into a global manufacturing hub, it recently announced the launch of a web portal that will provide statistical data related to the chemical sector.

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.
Air India Express is planning to induct 50 new B737 MAX planes in the upcoming 15 months as the Tata Group boosts its aviation business.
Closing market bell: Equity benchmark indices Sensex and Nifty declined for the second straight session today (October 13) following selling in banking, financial and select IT shares amid a weak trend in global markets.
A Delhi court on Friday extended the Enforcement Directorate (ED) custody of four people arrested in a money laundering case against Chinese smartphone maker Vivo. The custody has been extended for three days. The four people, whose custody has been extended, 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.
Knight Frank Global Residential Cities Index 2023: In terms of the rise in housing prices during April-June quarter of 2023, Mumbai climbed to 19th position and Bengaluru to 22nd globally according to Knight Frank India.
A strong and robust domestic demand, coupled with increasing exports has augured well for the paper industry. According to the International Project Management Association (IPMA), paper consumption in India will likely reach 30 million tons by 2027.
Steel maker SAIL plans to start the trial production of head hardened (HH) rails, used in metro rail and freight corridor projects, by month-end, its Chairman Amarendu Prakash said. The steel PSU was earlier looking to start the trial production of HH rails in August but deferred it due to the demand for normal rails like 880 grade from the Indian Railways, Prakash told PTI in an interview.
The chemical and petrochemical industry can play a significant role in the country's economic growth. As the government works on transforming India into a global manufacturing hub, it recently announced the launch of a web portal that will provide statistical data related to the chemical sector.
Buying the first house is an еxciting milеstonе for the middle class. Bеing a first-timе homеbuyеr also prеsеnts a uniquе opportunity to savе on taxеs whilе sеcuring the drеam homе. First-timе homеbuyеrs have access to various tax-saving avеnuеs. So it is еssеntial to bе aware of thе tax-saving opportunitiеs availablе to nеw homеownеrs.
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.
Air India Express is planning to induct 50 new B737 MAX planes in the upcoming 15 months as the Tata Group boosts its aviation business.
Closing market bell: Equity benchmark indices Sensex and Nifty declined for the second straight session today (October 13) following selling in banking, financial and select IT shares amid a weak trend in global markets.
A Delhi court on Friday extended the Enforcement Directorate (ED) custody of four people arrested in a money laundering case against Chinese smartphone maker Vivo. The custody has been extended for three days. The four people, whose custody has been extended, 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.
Knight Frank Global Residential Cities Index 2023: In terms of the rise in housing prices during April-June quarter of 2023, Mumbai climbed to 19th position and Bengaluru to 22nd globally according to Knight Frank India.
A strong and robust domestic demand, coupled with increasing exports has augured well for the paper industry. According to the International Project Management Association (IPMA), paper consumption in India will likely reach 30 million tons by 2027.
Steel maker SAIL plans to start the trial production of head hardened (HH) rails, used in metro rail and freight corridor projects, by month-end, its Chairman Amarendu Prakash said. The steel PSU was earlier looking to start the trial production of HH rails in August but deferred it due to the demand for normal rails like 880 grade from the Indian Railways, Prakash told PTI in an interview.
The chemical and petrochemical industry can play a significant role in the country's economic growth. As the government works on transforming India into a global manufacturing hub, it recently announced the launch of a web portal that will provide statistical data related to the chemical sector.
Buying the first house is an еxciting milеstonе for the middle class. Bеing a first-timе homеbuyеr also prеsеnts a uniquе opportunity to savе on taxеs whilе sеcuring the drеam homе. First-timе homеbuyеrs have access to various tax-saving avеnuеs. So it is еssеntial to bе aware of thе tax-saving opportunitiеs availablе to nеw homеownеrs.
The Central government has issued a final warning to stakeholders in the sugar trade. They have been instructed to disclose their sugar stocks on the website of the Ministry of Food by October 17. The government has stated that strict action will be taken against those who do not comply. The Food Ministry issued an order on September 23, instructing all sugar stakeholders to report their stock status on a weekly basis on its website. Sugar stakeholders include wholesalers, retailers, large retailers, and processors.
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.
Air India Express is planning to induct 50 new B737 MAX planes in the upcoming 15 months as the Tata Group boosts its aviation business.
Closing market bell: Equity benchmark indices Sensex and Nifty declined for the second straight session today (October 13) following selling in banking, financial and select IT shares amid a weak trend in global markets.
A Delhi court on Friday extended the Enforcement Directorate (ED) custody of four people arrested in a money laundering case against Chinese smartphone maker Vivo. The custody has been extended for three days. The four people, whose custody has been extended, 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.
Knight Frank Global Residential Cities Index 2023: In terms of the rise in housing prices during April-June quarter of 2023, Mumbai climbed to 19th position and Bengaluru to 22nd globally according to Knight Frank India.
A strong and robust domestic demand, coupled with increasing exports has augured well for the paper industry. According to the International Project Management Association (IPMA), paper consumption in India will likely reach 30 million tons by 2027.
Steel maker SAIL plans to start the trial production of head hardened (HH) rails, used in metro rail and freight corridor projects, by month-end, its Chairman Amarendu Prakash said. The steel PSU was earlier looking to start the trial production of HH rails in August but deferred it due to the demand for normal rails like 880 grade from the Indian Railways, Prakash told PTI in an interview.
The chemical and petrochemical industry can play a significant role in the country's economic growth. As the government works on transforming India into a global manufacturing hub, it recently announced the launch of a web portal that will provide statistical data related to the chemical sector.
Buying the first house is an еxciting milеstonе for the middle class. Bеing a first-timе homеbuyеr also prеsеnts a uniquе opportunity to savе on taxеs whilе sеcuring the drеam homе. First-timе homеbuyеrs have access to various tax-saving avеnuеs. So it is еssеntial to bе aware of thе tax-saving opportunitiеs availablе to nеw homеownеrs.
The Central government has issued a final warning to stakeholders in the sugar trade. They have been instructed to disclose their sugar stocks on the website of the Ministry of Food by October 17. The government has stated that strict action will be taken against those who do not comply. The Food Ministry issued an order on September 23, instructing all sugar stakeholders to report their stock status on a weekly basis on its website. Sugar stakeholders include wholesalers, retailers, large retailers, and processors.
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.
Air India Express is planning to induct 50 new B737 MAX planes in the upcoming 15 months as the Tata Group boosts its aviation business.
Closing market bell: Equity benchmark indices Sensex and Nifty declined for the second straight session today (October 13) following selling in banking, financial and select IT shares amid a weak trend in global markets.
A Delhi court on Friday extended the Enforcement Directorate (ED) custody of four people arrested in a money laundering case against Chinese smartphone maker Vivo. The custody has been extended for three days. The four people, whose custody has been extended, 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.
Knight Frank Global Residential Cities Index 2023: In terms of the rise in housing prices during April-June quarter of 2023, Mumbai climbed to 19th position and Bengaluru to 22nd globally according to Knight Frank India.
A strong and robust domestic demand, coupled with increasing exports has augured well for the paper industry. According to the International Project Management Association (IPMA), paper consumption in India will likely reach 30 million tons by 2027.
Steel maker SAIL plans to start the trial production of head hardened (HH) rails, used in metro rail and freight corridor projects, by month-end, its Chairman Amarendu Prakash said. The steel PSU was earlier looking to start the trial production of HH rails in August but deferred it due to the demand for normal rails like 880 grade from the Indian Railways, Prakash told PTI in an interview.
The chemical and petrochemical industry can play a significant role in the country's economic growth. As the government works on transforming India into a global manufacturing hub, it recently announced the launch of a web portal that will provide statistical data related to the chemical sector.
Buying the first house is an еxciting milеstonе for the middle class. Bеing a first-timе homеbuyеr also prеsеnts a uniquе opportunity to savе on taxеs whilе sеcuring the drеam homе. First-timе homеbuyеrs have access to various tax-saving avеnuеs. So it is еssеntial to bе aware of thе tax-saving opportunitiеs availablе to nеw homеownеrs.
The Central government has issued a final warning to stakeholders in the sugar trade. They have been instructed to disclose their sugar stocks on the website of the Ministry of Food by October 17. The government has stated that strict action will be taken against those who do not comply. The Food Ministry issued an order on September 23, instructing all sugar stakeholders to report their stock status on a weekly basis on its website. Sugar stakeholders include wholesalers, retailers, large retailers, and processors.
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.
Air India Express is planning to induct 50 new B737 MAX planes in the upcoming 15 months as the Tata Group boosts its aviation business.
Closing market bell: Equity benchmark indices Sensex and Nifty declined for the second straight session today (October 13) following selling in banking, financial and select IT shares amid a weak trend in global markets.
A Delhi court on Friday extended the Enforcement Directorate (ED) custody of four people arrested in a money laundering case against Chinese smartphone maker Vivo. The custody has been extended for three days. The four people, whose custody has been extended, 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.
Knight Frank Global Residential Cities Index 2023: In terms of the rise in housing prices during April-June quarter of 2023, Mumbai climbed to 19th position and Bengaluru to 22nd globally according to Knight Frank India.
A strong and robust domestic demand, coupled with increasing exports has augured well for the paper industry. According to the International Project Management Association (IPMA), paper consumption in India will likely reach 30 million tons by 2027.
Steel maker SAIL plans to start the trial production of head hardened (HH) rails, used in metro rail and freight corridor projects, by month-end, its Chairman Amarendu Prakash said. The steel PSU was earlier looking to start the trial production of HH rails in August but deferred it due to the demand for normal rails like 880 grade from the Indian Railways, Prakash told PTI in an interview.
The chemical and petrochemical industry can play a significant role in the country's economic growth. As the government works on transforming India into a global manufacturing hub, it recently announced the launch of a web portal that will provide statistical data related to the chemical sector.
Buying the first house is an еxciting milеstonе for the middle class. Bеing a first-timе homеbuyеr also prеsеnts a uniquе opportunity to savе on taxеs whilе sеcuring the drеam homе. First-timе homеbuyеrs have access to various tax-saving avеnuеs. So it is еssеntial to bе aware of thе tax-saving opportunitiеs availablе to nеw homеownеrs.
The Central government has issued a final warning to stakeholders in the sugar trade. They have been instructed to disclose their sugar stocks on the website of the Ministry of Food by October 17. The government has stated that strict action will be taken against those who do not comply. The Food Ministry issued an order on September 23, instructing all sugar stakeholders to report their stock status on a weekly basis on its website. Sugar stakeholders include wholesalers, retailers, large retailers, and processors.
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