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IndiaTV Business: Google News Feed: Digest for October 17, 2023

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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.
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.
The steel industry was impacted by the volatility in the global environment, which affected the demand-supply balance and resulted in volatility in steel prices. However, the increased infrastructure development, urbanisation and supportive policy reforms have pushed the demand for steel. ICICI Securities in a report said that despite the global steel environment remaining nebulous, the Indian steelmakers are likely to fare well as domestic demand is likely to be supportive in the pre-election period and imports may stay relatively subdued.
The stock market kicked off the trading session on October 16 with a slightly bearish undertone, as global cues presented a mixed picture. Both the benchmark indices, Sensex and Nifty, witnessed a modest dip in the early hours of the session. As the morning session progressed, the BSE Sensex recorded a decline of 126.79 points, or 0.19 percent, bringing it to a level of 66,155.95. On the other hand, the NSE Nifty registered a dip of 26.90 points, amounting to a decrease of 0.14 percent, with the index standing at 19,724.10.
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.
The steel industry was impacted by the volatility in the global environment, which affected the demand-supply balance and resulted in volatility in steel prices. However, the increased infrastructure development, urbanisation and supportive policy reforms have pushed the demand for steel. ICICI Securities in a report said that despite the global steel environment remaining nebulous, the Indian steelmakers are likely to fare well as domestic demand is likely to be supportive in the pre-election period and imports may stay relatively subdued.
The stock market kicked off the trading session on October 16 with a slightly bearish undertone, as global cues presented a mixed picture. Both the benchmark indices, Sensex and Nifty, witnessed a modest dip in the early hours of the session. As the morning session progressed, the BSE Sensex recorded a decline of 126.79 points, or 0.19 percent, bringing it to a level of 66,155.95. On the other hand, the NSE Nifty registered a dip of 26.90 points, amounting to a decrease of 0.14 percent, with the index standing at 19,724.10.
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.
The steel industry was impacted by the volatility in the global environment, which affected the demand-supply balance and resulted in volatility in steel prices. However, the increased infrastructure development, urbanisation and supportive policy reforms have pushed the demand for steel. ICICI Securities in a report said that despite the global steel environment remaining nebulous, the Indian steelmakers are likely to fare well as domestic demand is likely to be supportive in the pre-election period and imports may stay relatively subdued.
The stock market kicked off the trading session on October 16 with a slightly bearish undertone, as global cues presented a mixed picture. Both the benchmark indices, Sensex and Nifty, witnessed a modest dip in the early hours of the session. As the morning session progressed, the BSE Sensex recorded a decline of 126.79 points, or 0.19 percent, bringing it to a level of 66,155.95. On the other hand, the NSE Nifty registered a dip of 26.90 points, amounting to a decrease of 0.14 percent, with the index standing at 19,724.10.
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.
The steel industry was impacted by the volatility in the global environment, which affected the demand-supply balance and resulted in volatility in steel prices. However, the increased infrastructure development, urbanisation and supportive policy reforms have pushed the demand for steel. ICICI Securities in a report said that despite the global steel environment remaining nebulous, the Indian steelmakers are likely to fare well as domestic demand is likely to be supportive in the pre-election period and imports may stay relatively subdued.
The stock market kicked off the trading session on October 16 with a slightly bearish undertone, as global cues presented a mixed picture. Both the benchmark indices, Sensex and Nifty, witnessed a modest dip in the early hours of the session. As the morning session progressed, the BSE Sensex recorded a decline of 126.79 points, or 0.19 percent, bringing it to a level of 66,155.95. On the other hand, the NSE Nifty registered a dip of 26.90 points, amounting to a decrease of 0.14 percent, with the index standing at 19,724.10.
Falling for the third-day running, benchmark equity indices ended lower on Monday amid weak trends in global markets and a spike in Brent crude oil prices due to geopolitical tension in the Middle East. The 30-share BSE Sensex declined 115. 81 points to settle at 66,166. 93. During the day, it fell 243.36 points to 66,039.38. The Nifty slipped 19.30 points to 19,731.75. 
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.
The steel industry was impacted by the volatility in the global environment, which affected the demand-supply balance and resulted in volatility in steel prices. However, the increased infrastructure development, urbanisation and supportive policy reforms have pushed the demand for steel. ICICI Securities in a report said that despite the global steel environment remaining nebulous, the Indian steelmakers are likely to fare well as domestic demand is likely to be supportive in the pre-election period and imports may stay relatively subdued.
The stock market kicked off the trading session on October 16 with a slightly bearish undertone, as global cues presented a mixed picture. Both the benchmark indices, Sensex and Nifty, witnessed a modest dip in the early hours of the session. As the morning session progressed, the BSE Sensex recorded a decline of 126.79 points, or 0.19 percent, bringing it to a level of 66,155.95. On the other hand, the NSE Nifty registered a dip of 26.90 points, amounting to a decrease of 0.14 percent, with the index standing at 19,724.10.
Falling for the third-day running, benchmark equity indices ended lower on Monday amid weak trends in global markets and a spike in Brent crude oil prices due to geopolitical tension in the Middle East. The 30-share BSE Sensex declined 115. 81 points to settle at 66,166. 93. During the day, it fell 243.36 points to 66,039.38. The Nifty slipped 19.30 points to 19,731.75. 
The latest Ipsos "What Worries the World Global Survey" highlighted India's strong outlook and resilient optimism while comparing it to global trends. The September survey wave revealed that the Global South is driving positivity, with Asian markets leading the way. Ipsos India was placed 3rd in the pecking order, after Singapore (82%) and Indonesia (80%). The other optimistic Asian markets being Thailand (66%) and Malaysia (65%).
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.
The steel industry was impacted by the volatility in the global environment, which affected the demand-supply balance and resulted in volatility in steel prices. However, the increased infrastructure development, urbanisation and supportive policy reforms have pushed the demand for steel. ICICI Securities in a report said that despite the global steel environment remaining nebulous, the Indian steelmakers are likely to fare well as domestic demand is likely to be supportive in the pre-election period and imports may stay relatively subdued.
The stock market kicked off the trading session on October 16 with a slightly bearish undertone, as global cues presented a mixed picture. Both the benchmark indices, Sensex and Nifty, witnessed a modest dip in the early hours of the session. As the morning session progressed, the BSE Sensex recorded a decline of 126.79 points, or 0.19 percent, bringing it to a level of 66,155.95. On the other hand, the NSE Nifty registered a dip of 26.90 points, amounting to a decrease of 0.14 percent, with the index standing at 19,724.10.
Falling for the third-day running, benchmark equity indices ended lower on Monday amid weak trends in global markets and a spike in Brent crude oil prices due to geopolitical tension in the Middle East. The 30-share BSE Sensex declined 115. 81 points to settle at 66,166. 93. During the day, it fell 243.36 points to 66,039.38. The Nifty slipped 19.30 points to 19,731.75. 
The latest Ipsos "What Worries the World Global Survey" highlighted India's strong outlook and resilient optimism while comparing it to global trends. The September survey wave revealed that the Global South is driving positivity, with Asian markets leading the way. Ipsos India was placed 3rd in the pecking order, after Singapore (82%) and Indonesia (80%). The other optimistic Asian markets being Thailand (66%) and Malaysia (65%).
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