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IndiaTV Business: Google News Feed: Digest for October 20, 2023

IndiaTV Business: Google News Feed

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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%).
Ministry of Science recognised specialty chemicals major Vikas Ecotech has approved the evaluation of a consolidation proposal with Delhi-based Vrindaa Advanced Material as it looks to expand its offerings. Notably, its in-house research and development (R&D) unit is recognised by the Department of Scientific and Industrial Research, Ministry of Science & Technology, Government of India.
The stock market is a place where investors buy and sell shares of listed companies. Several companies announce rewards for their shareholders, helping them to maximise their returns. Dividend distribution, bonus shares, and share repurchase are among many other corporate actions that benefit shareholders. IFF Enterprises, an SME stock with multibagger returns, has informed BSE that its board will meet on November 1 to consider a share buyback proposal, distribution of dividends, and bonus share issuance.
In a positive start to the trading session, Indian markets opened with strength, as Nifty surged beyond the 19,800 mark and Sensex marked a gain of 300 points. Several stocks saw notable increases, including ICICI Securities and CEAT, both of which witnessed impressive 7% gains.
As part of a corporate overhaul, Jet engine maker Rolls-Royce said Tuesday it's cutting up to 2,500 jobs globally. The aerospace company was severely hit by the COVID-19 pandemic that decimated demand for air travel.

China sees dip in economic growth at 4.9% in third quarter

Wednesday 18 October 2023 02:54 AM UTC+00
According to China's trade data, the country's economy has slowed down by 4.9 percent due to muted global demand, deflationary pressures and an ailing property sector. The previous quarter witnessed a growth of 6.3 percent. 
DS Group, recognised for its popular brands such as Rajnigandha and Catch, is actively exploring the prospect of acquiring Noida's iconic Great India Place Mall complex, in a potential deal estimated to be valued at ₹2000 crore. 

Markets open lower, Sensex down 110 points, Nifty in red at 19,787

Wednesday 18 October 2023 04:19 AM UTC+00
As the trading session commenced on Wednesday, domestic equities embarked on a relatively flat note amid a backdrop of market volatility. The benchmark BSE Sensex index experienced a slight dip, down by 39.71 points or 0.06%, and stood at 66,388.38. Concurrently, the broader NSE Nifty50 index was trading 5.35 points lower, a decline of 0.03%, at 19,816.85.
Adani Wilmar's Fortune edible oil brand has launched TVC campaigns for its products including the Kachi Ghani Mustard Oil (KGMO) to celebrate the cherished bond between Indians and home-cooked food.
Air India Express: Air India Express, a budget carrier of Tata Group today (October 18) unveiled a new look and aircraft livery featuring four colors. New Air India Express wears four colours including- orange, turquoise, tangerine and ice blue.
As part of a corporate overhaul, Jet engine maker Rolls-Royce said Tuesday it's cutting up to 2,500 jobs globally. The aerospace company was severely hit by the COVID-19 pandemic that decimated demand for air travel.

China sees dip in economic growth at 4.9% in third quarter

Wednesday 18 October 2023 02:54 AM UTC+00
According to China's trade data, the country's economy has slowed down by 4.9 percent due to muted global demand, deflationary pressures and an ailing property sector. The previous quarter witnessed a growth of 6.3 percent. 
DS Group, recognised for its popular brands such as Rajnigandha and Catch, is actively exploring the prospect of acquiring Noida's iconic Great India Place Mall complex, in a potential deal estimated to be valued at ₹2000 crore. 

Markets open lower, Sensex down 110 points, Nifty in red at 19,787

Wednesday 18 October 2023 04:19 AM UTC+00
As the trading session commenced on Wednesday, domestic equities embarked on a relatively flat note amid a backdrop of market volatility. The benchmark BSE Sensex index experienced a slight dip, down by 39.71 points or 0.06%, and stood at 66,388.38. Concurrently, the broader NSE Nifty50 index was trading 5.35 points lower, a decline of 0.03%, at 19,816.85.
Adani Wilmar's Fortune edible oil brand has launched TVC campaigns for its products including the Kachi Ghani Mustard Oil (KGMO) to celebrate the cherished bond between Indians and home-cooked food.
Air India Express: Air India Express, a budget carrier of Tata Group today (October 18) unveiled a new look and aircraft livery featuring four colors. New Air India Express wears four colours including- orange, turquoise, tangerine and ice blue.
The agriculture sector is regarded as the backbone of the economy. The sector has been a focal point for the Modi government for the last 9 years. The government has launched a series of initiatives to address the challenges that farmers are facing and boost their income. 

IIT-Roorkee to develop E-chargers and rectifier units for EVs

Thursday 19 October 2023 02:03 AM UTC+00
Indian Institute of Technology (IIT) Roorkee has entered into a partnership with Servotech Power Systems Ltd (SPSL) to develop onboard e-chargers for battery-operated two-, three-, and four-wheelers, according to a statement released by SPSL on Wednesday. Additionally, another memorandum of understanding (MoU) between SPSL and IIT Roorkee is focused on creating rectifier units that are currently imported and utilized in the combined charging system (CCS2) chargers.
In a speech at Harvard Law School, Jay Shambaugh, Under Secretary of the US Treasury for International Affairs, highlighted the role of India's Unified Payments Interface (UPI) in advancing bilateral ties with nations like Singapore and the United Arab Emirates. He stated that India's efforts in this area were commendable, showcasing UPI's global influence.
The stock market faced a notable decline today as the Sensex dropped by 350 points, with the Nifty hovering around the 19,550 mark. These losses came amidst unfavorable market cues and a significant 3% dip in Wipro's stock value.
As part of a corporate overhaul, Jet engine maker Rolls-Royce said Tuesday it's cutting up to 2,500 jobs globally. The aerospace company was severely hit by the COVID-19 pandemic that decimated demand for air travel.

China sees dip in economic growth at 4.9% in third quarter

Wednesday 18 October 2023 02:54 AM UTC+00
According to China's trade data, the country's economy has slowed down by 4.9 percent due to muted global demand, deflationary pressures and an ailing property sector. The previous quarter witnessed a growth of 6.3 percent. 
DS Group, recognised for its popular brands such as Rajnigandha and Catch, is actively exploring the prospect of acquiring Noida's iconic Great India Place Mall complex, in a potential deal estimated to be valued at ₹2000 crore. 

Markets open lower, Sensex down 110 points, Nifty in red at 19,787

Wednesday 18 October 2023 04:19 AM UTC+00
As the trading session commenced on Wednesday, domestic equities embarked on a relatively flat note amid a backdrop of market volatility. The benchmark BSE Sensex index experienced a slight dip, down by 39.71 points or 0.06%, and stood at 66,388.38. Concurrently, the broader NSE Nifty50 index was trading 5.35 points lower, a decline of 0.03%, at 19,816.85.
Adani Wilmar's Fortune edible oil brand has launched TVC campaigns for its products including the Kachi Ghani Mustard Oil (KGMO) to celebrate the cherished bond between Indians and home-cooked food.
Air India Express: Air India Express, a budget carrier of Tata Group today (October 18) unveiled a new look and aircraft livery featuring four colors. New Air India Express wears four colours including- orange, turquoise, tangerine and ice blue.
The agriculture sector is regarded as the backbone of the economy. The sector has been a focal point for the Modi government for the last 9 years. The government has launched a series of initiatives to address the challenges that farmers are facing and boost their income. 
India is among a few countries that are taking the lead in the shift to electric vehicles. The awareness programmes by the government, agencies, and companies have contributed to an exponential surge in EV uptake. But the big question around the EV infrastructure remains the same. 
In a speech at Harvard Law School, Jay Shambaugh, Under Secretary of the US Treasury for International Affairs, highlighted the role of India's Unified Payments Interface (UPI) in advancing bilateral ties with nations like Singapore and the United Arab Emirates. He stated that India's efforts in this area were commendable, showcasing UPI's global influence.
The stock market faced a notable decline today as the Sensex dropped by 350 points, with the Nifty hovering around the 19,550 mark. These losses came amidst unfavorable market cues and a significant 3% dip in Wipro's stock value. The Sensex, benchmark index, faced a sharp decline of 350 points, representing a 0.59% drop in value to settle at 59,218 points. This decline in both indices reflected the cautious sentiment of investors in the stock market.

China sees dip in economic growth at 4.9% in third quarter

Wednesday 18 October 2023 02:54 AM UTC+00
According to China's trade data, the country's economy has slowed down by 4.9 percent due to muted global demand, deflationary pressures and an ailing property sector. The previous quarter witnessed a growth of 6.3 percent. 
DS Group, recognised for its popular brands such as Rajnigandha and Catch, is actively exploring the prospect of acquiring Noida's iconic Great India Place Mall complex, in a potential deal estimated to be valued at ₹2000 crore. 

Markets open lower, Sensex down 110 points, Nifty in red at 19,787

Wednesday 18 October 2023 04:19 AM UTC+00
As the trading session commenced on Wednesday, domestic equities embarked on a relatively flat note amid a backdrop of market volatility. The benchmark BSE Sensex index experienced a slight dip, down by 39.71 points or 0.06%, and stood at 66,388.38. Concurrently, the broader NSE Nifty50 index was trading 5.35 points lower, a decline of 0.03%, at 19,816.85.
Adani Wilmar's Fortune edible oil brand has launched TVC campaigns for its products including the Kachi Ghani Mustard Oil (KGMO) to celebrate the cherished bond between Indians and home-cooked food.
Air India Express: Air India Express, a budget carrier of Tata Group today (October 18) unveiled a new look and aircraft livery featuring four colors. New Air India Express wears four colours including- orange, turquoise, tangerine and ice blue.
The agriculture sector is regarded as the backbone of the economy. The sector has been a focal point for the Modi government for the last 9 years. The government has launched a series of initiatives to address the challenges that farmers are facing and boost their income. 
India is among a few countries that are taking the lead in the shift to electric vehicles. The awareness programmes by the government, agencies, and companies have contributed to an exponential surge in EV uptake. But the big question around the EV infrastructure remains the same. 
In a speech at Harvard Law School, Jay Shambaugh, Under Secretary of the US Treasury for International Affairs, highlighted the role of India's Unified Payments Interface (UPI) in advancing bilateral ties with nations like Singapore and the United Arab Emirates. He stated that India's efforts in this area were commendable, showcasing UPI's global influence.
The stock market faced a notable decline today as the Sensex dropped by 350 points, with the Nifty hovering around the 19,550 mark. These losses came amidst unfavorable market cues and a significant 3% dip in Wipro's stock value. The Sensex, benchmark index, faced a sharp decline of 350 points, representing a 0.59% drop in value to settle at 59,218 points. This decline in both indices reflected the cautious sentiment of investors in the stock market.
Nokia announces mass layoffs: Telecom gear maker Nokia said that it is planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit. The Finnish wireless and fixed-network equipment provider said the planned measures are aimed at reducing its cost base and increasing operational efficiency "to navigate the current market uncertainty."

Markets open lower, Sensex down 110 points, Nifty in red at 19,787

Wednesday 18 October 2023 04:19 AM UTC+00
As the trading session commenced on Wednesday, domestic equities embarked on a relatively flat note amid a backdrop of market volatility. The benchmark BSE Sensex index experienced a slight dip, down by 39.71 points or 0.06%, and stood at 66,388.38. Concurrently, the broader NSE Nifty50 index was trading 5.35 points lower, a decline of 0.03%, at 19,816.85.
Adani Wilmar's Fortune edible oil brand has launched TVC campaigns for its products including the Kachi Ghani Mustard Oil (KGMO) to celebrate the cherished bond between Indians and home-cooked food.
Air India Express: Air India Express, a budget carrier of Tata Group today (October 18) unveiled a new look and aircraft livery featuring four colors. New Air India Express wears four colours including- orange, turquoise, tangerine and ice blue.
The agriculture sector is regarded as the backbone of the economy. The sector has been a focal point for the Modi government for the last 9 years. The government has launched a series of initiatives to address the challenges that farmers are facing and boost their income. 
India is among a few countries that are taking the lead in the shift to electric vehicles. The awareness programmes by the government, agencies, and companies have contributed to an exponential surge in EV uptake. But the big question around the EV infrastructure remains the same. 
In a speech at Harvard Law School, Jay Shambaugh, Under Secretary of the US Treasury for International Affairs, highlighted the role of India's Unified Payments Interface (UPI) in advancing bilateral ties with nations like Singapore and the United Arab Emirates. He stated that India's efforts in this area were commendable, showcasing UPI's global influence.
The stock market faced a notable decline today as the Sensex dropped by 350 points, with the Nifty hovering around the 19,550 mark. These losses came amidst unfavorable market cues and a significant 3% dip in Wipro's stock value. The Sensex, benchmark index, faced a sharp decline of 350 points, representing a 0.59% drop in value to settle at 59,218 points. This decline in both indices reflected the cautious sentiment of investors in the stock market.
Nokia announces mass layoffs: Telecom gear maker Nokia said that it is planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit. The Finnish wireless and fixed-network equipment provider said the planned measures are aimed at reducing its cost base and increasing operational efficiency "to navigate the current market uncertainty."
Essential food items prices: The prices of essential food items will remain stable during the festival season, Union Food Secretary Sanjeev Chopra today (October 19) said. The decision on allowing sugar exports during the current 2023-24 marketing year (October-September) will be taken after the agriculture ministry comes out with the production estimates of sugarcane, he added.
Cash-strapped Go First airline extended its daily flights till November 30 due to "operational reasons". In an official release, the airline also apologised for the inconvenience caused by the flight cancellations.  

Markets open lower, Sensex down 110 points, Nifty in red at 19,787

Wednesday 18 October 2023 04:19 AM UTC+00
As the trading session commenced on Wednesday, domestic equities embarked on a relatively flat note amid a backdrop of market volatility. The benchmark BSE Sensex index experienced a slight dip, down by 39.71 points or 0.06%, and stood at 66,388.38. Concurrently, the broader NSE Nifty50 index was trading 5.35 points lower, a decline of 0.03%, at 19,816.85.
Adani Wilmar's Fortune edible oil brand has launched TVC campaigns for its products including the Kachi Ghani Mustard Oil (KGMO) to celebrate the cherished bond between Indians and home-cooked food.
Air India Express: Air India Express, a budget carrier of Tata Group today (October 18) unveiled a new look and aircraft livery featuring four colors. New Air India Express wears four colours including- orange, turquoise, tangerine and ice blue.
The agriculture sector is regarded as the backbone of the economy. The sector has been a focal point for the Modi government for the last 9 years. The government has launched a series of initiatives to address the challenges that farmers are facing and boost their income. 
India is among a few countries that are taking the lead in the shift to electric vehicles. The awareness programmes by the government, agencies, and companies have contributed to an exponential surge in EV uptake. But the big question around the EV infrastructure remains the same. 
In a speech at Harvard Law School, Jay Shambaugh, Under Secretary of the US Treasury for International Affairs, highlighted the role of India's Unified Payments Interface (UPI) in advancing bilateral ties with nations like Singapore and the United Arab Emirates. He stated that India's efforts in this area were commendable, showcasing UPI's global influence.
The stock market faced a notable decline today as the Sensex dropped by 350 points, with the Nifty hovering around the 19,550 mark. These losses came amidst unfavorable market cues and a significant 3% dip in Wipro's stock value. The Sensex, benchmark index, faced a sharp decline of 350 points, representing a 0.59% drop in value to settle at 59,218 points. This decline in both indices reflected the cautious sentiment of investors in the stock market.
Nokia announces mass layoffs: Telecom gear maker Nokia said that it is planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit. The Finnish wireless and fixed-network equipment provider said the planned measures are aimed at reducing its cost base and increasing operational efficiency "to navigate the current market uncertainty."
Essential food items prices: The prices of essential food items will remain stable during the festival season, Union Food Secretary Sanjeev Chopra today (October 19) said. The decision on allowing sugar exports during the current 2023-24 marketing year (October-September) will be taken after the agriculture ministry comes out with the production estimates of sugarcane, he added.
Cash-strapped Go First airline extended its daily flights till November 30 due to "operational reasons". In an official release, the airline also apologised for the inconvenience caused by the flight cancellations.  

Markets open lower, Sensex down 110 points, Nifty in red at 19,787

Wednesday 18 October 2023 04:19 AM UTC+00
As the trading session commenced on Wednesday, domestic equities embarked on a relatively flat note amid a backdrop of market volatility. The benchmark BSE Sensex index experienced a slight dip, down by 39.71 points or 0.06%, and stood at 66,388.38. Concurrently, the broader NSE Nifty50 index was trading 5.35 points lower, a decline of 0.03%, at 19,816.85.
Adani Wilmar's Fortune edible oil brand has launched TVC campaigns for its products including the Kachi Ghani Mustard Oil (KGMO) to celebrate the cherished bond between Indians and home-cooked food.
Air India Express: Air India Express, a budget carrier of Tata Group today (October 18) unveiled a new look and aircraft livery featuring four colors. New Air India Express wears four colours including- orange, turquoise, tangerine and ice blue.
The agriculture sector is regarded as the backbone of the economy. The sector has been a focal point for the Modi government for the last 9 years. The government has launched a series of initiatives to address the challenges that farmers are facing and boost their income. 
India is among a few countries that are taking the lead in the shift to electric vehicles. The awareness programmes by the government, agencies, and companies have contributed to an exponential surge in EV uptake. But the big question around the EV infrastructure remains the same. 
In a speech at Harvard Law School, Jay Shambaugh, Under Secretary of the US Treasury for International Affairs, highlighted the role of India's Unified Payments Interface (UPI) in advancing bilateral ties with nations like Singapore and the United Arab Emirates. He stated that India's efforts in this area were commendable, showcasing UPI's global influence.
The stock market faced a notable decline today as the Sensex dropped by 350 points, with the Nifty hovering around the 19,550 mark. These losses came amidst unfavorable market cues and a significant 3% dip in Wipro's stock value. The Sensex, benchmark index, faced a sharp decline of 350 points, representing a 0.59% drop in value to settle at 59,218 points. This decline in both indices reflected the cautious sentiment of investors in the stock market.
Nokia announces mass layoffs: Telecom gear maker Nokia said that it is planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit. The Finnish wireless and fixed-network equipment provider said the planned measures are aimed at reducing its cost base and increasing operational efficiency "to navigate the current market uncertainty."
Essential food items prices: The prices of essential food items will remain stable during the festival season, Union Food Secretary Sanjeev Chopra today (October 19) said. The decision on allowing sugar exports during the current 2023-24 marketing year (October-September) will be taken after the agriculture ministry comes out with the production estimates of sugarcane, he added.
Cash-strapped Go First airline extended its daily flights till November 30 due to "operational reasons". In an official release, the airline also apologised for the inconvenience caused by the flight cancellations.  

Markets open lower, Sensex down 110 points, Nifty in red at 19,787

Wednesday 18 October 2023 04:19 AM UTC+00
As the trading session commenced on Wednesday, domestic equities embarked on a relatively flat note amid a backdrop of market volatility. The benchmark BSE Sensex index experienced a slight dip, down by 39.71 points or 0.06%, and stood at 66,388.38. Concurrently, the broader NSE Nifty50 index was trading 5.35 points lower, a decline of 0.03%, at 19,816.85.
Adani Wilmar's Fortune edible oil brand has launched TVC campaigns for its products including the Kachi Ghani Mustard Oil (KGMO) to celebrate the cherished bond between Indians and home-cooked food.
Air India Express: Air India Express, a budget carrier of Tata Group today (October 18) unveiled a new look and aircraft livery featuring four colors. New Air India Express wears four colours including- orange, turquoise, tangerine and ice blue.
The agriculture sector is regarded as the backbone of the economy. The sector has been a focal point for the Modi government for the last 9 years. The government has launched a series of initiatives to address the challenges that farmers are facing and boost their income. 
India is among a few countries that are taking the lead in the shift to electric vehicles. The awareness programmes by the government, agencies, and companies have contributed to an exponential surge in EV uptake. But the big question around the EV infrastructure remains the same. 
In a speech at Harvard Law School, Jay Shambaugh, Under Secretary of the US Treasury for International Affairs, highlighted the role of India's Unified Payments Interface (UPI) in advancing bilateral ties with nations like Singapore and the United Arab Emirates. He stated that India's efforts in this area were commendable, showcasing UPI's global influence.
The stock market faced a notable decline today as the Sensex dropped by 350 points, with the Nifty hovering around the 19,550 mark. These losses came amidst unfavorable market cues and a significant 3% dip in Wipro's stock value. The Sensex, benchmark index, faced a sharp decline of 350 points, representing a 0.59% drop in value to settle at 59,218 points. This decline in both indices reflected the cautious sentiment of investors in the stock market.
Nokia announces mass layoffs: Telecom gear maker Nokia said that it is planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit. The Finnish wireless and fixed-network equipment provider said the planned measures are aimed at reducing its cost base and increasing operational efficiency "to navigate the current market uncertainty."
Essential food items prices: The prices of essential food items will remain stable during the festival season, Union Food Secretary Sanjeev Chopra today (October 19) said. The decision on allowing sugar exports during the current 2023-24 marketing year (October-September) will be taken after the agriculture ministry comes out with the production estimates of sugarcane, he added.
Cash-strapped Go First airline extended its daily flights till November 30 due to "operational reasons". In an official release, the airline also apologised for the inconvenience caused by the flight cancellations.  
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