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IndiaTV Business: Google News Feed: Digest for October 23, 2023

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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.  
The Reserve Bank of India (RBI) is not mulling re-introduction of Rs 1,000 currency notes, sources said, amid speculations that Rs 1,000 notes may be re-introduced after the RBI announced the withdrawal of Rs 2,000 currency notes.
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.  
The Reserve Bank of India (RBI) is not mulling re-introduction of Rs 1,000 currency notes, sources said, amid speculations that Rs 1,000 notes may be re-introduced after the RBI announced the withdrawal of Rs 2,000 currency notes.
The domestic cable and wire industry is the focus as volumes have picked up with the recovery in the construction and infrastructure activities post-pandemic. With the general elections less than 7 months away, the increased spending on infrastructure projects by the government will further push the demand. However, the volatility in commodity prices may cap the volumes going forward. The communication cables industry has also started witnessing pickup with the increase in 5G capex.
The supply of coal to the power sector by government-owned Coal India increased by 3.4 per cent to 294.8 million tonnes in the first six months (April to September) of the current financial year 2023-24. The total amount of coal supplied stood at 1.8 MT, more than the 293 MT demand projected for the six months. According to the Ministry of Coal's website, coal is the most important and abundant fossil fuel in India. It accounts for 55 per cent of the country's energy needs. Coal India's supplies shot up to 360.7 MT during the April-September period as against 332 MT in the year-ago period.
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.  
The Reserve Bank of India (RBI) is not mulling re-introduction of Rs 1,000 currency notes, sources said, amid speculations that Rs 1,000 notes may be re-introduced after the RBI announced the withdrawal of Rs 2,000 currency notes.
The domestic cable and wire industry is the focus as volumes have picked up with the recovery in the construction and infrastructure activities post-pandemic. With the general elections less than 7 months away, the increased spending on infrastructure projects by the government will further push the demand. However, the volatility in commodity prices may cap the volumes going forward. The communication cables industry has also started witnessing pickup with the increase in 5G capex.
The supply of coal to the power sector by government-owned Coal India increased by 3.4 per cent to 294.8 million tonnes in the first six months (April to September) of the current financial year 2023-24. The total amount of coal supplied stood at 1.8 MT, more than the 293 MT demand projected for the six months. According to the Ministry of Coal's website, coal is the most important and abundant fossil fuel in India. It accounts for 55 per cent of the country's energy needs. Coal India's supplies shot up to 360.7 MT during the April-September period as against 332 MT in the year-ago period.
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.  
The Reserve Bank of India (RBI) is not mulling re-introduction of Rs 1,000 currency notes, sources said, amid speculations that Rs 1,000 notes may be re-introduced after the RBI announced the withdrawal of Rs 2,000 currency notes.
The domestic cable and wire industry is the focus as volumes have picked up with the recovery in the construction and infrastructure activities post-pandemic. With the general elections less than 7 months away, the increased spending on infrastructure projects by the government will further push the demand. However, the volatility in commodity prices may cap the volumes going forward. The communication cables industry has also started witnessing pickup with the increase in 5G capex.
The supply of coal to the power sector by government-owned Coal India increased by 3.4 per cent to 294.8 million tonnes in the first six months (April to September) of the current financial year 2023-24. The total amount of coal supplied stood at 1.8 MT, more than the 293 MT demand projected for the six months. According to the Ministry of Coal's website, coal is the most important and abundant fossil fuel in India. It accounts for 55 per cent of the country's energy needs. Coal India's supplies shot up to 360.7 MT during the April-September period as against 332 MT in the year-ago period.
Investment in equities is considered to be a riskier affair. But it is rewarding as well. There is a famous saying that the lower the risk, the lower the returns, while with high returns comes high risk. To generate high returns, one has to make investments carefully to generate a good income.
Foreign portfolio investors (FPIs) have withdrawn over Rs 12,000 crore from Indian equities, primarily due to the sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. However, FPIs have invested over Rs 5,700 crore in the Indian debt market during this period, according to data from depositories.
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.  
The Reserve Bank of India (RBI) is not mulling re-introduction of Rs 1,000 currency notes, sources said, amid speculations that Rs 1,000 notes may be re-introduced after the RBI announced the withdrawal of Rs 2,000 currency notes.
The domestic cable and wire industry is the focus as volumes have picked up with the recovery in the construction and infrastructure activities post-pandemic. With the general elections less than 7 months away, the increased spending on infrastructure projects by the government will further push the demand. However, the volatility in commodity prices may cap the volumes going forward. The communication cables industry has also started witnessing pickup with the increase in 5G capex.
The supply of coal to the power sector by government-owned Coal India increased by 3.4 per cent to 294.8 million tonnes in the first six months (April to September) of the current financial year 2023-24. The total amount of coal supplied stood at 1.8 MT, more than the 293 MT demand projected for the six months. According to the Ministry of Coal's website, coal is the most important and abundant fossil fuel in India. It accounts for 55 per cent of the country's energy needs. Coal India's supplies shot up to 360.7 MT during the April-September period as against 332 MT in the year-ago period.
Investment in equities is considered to be a riskier affair. But it is rewarding as well. There is a famous saying that the lower the risk, the lower the returns, while with high returns comes high risk. To generate high returns, one has to make investments carefully to generate a good income.
Foreign portfolio investors (FPIs) have withdrawn over Rs 12,000 crore from Indian equities, primarily due to the sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. However, FPIs have invested over Rs 5,700 crore in the Indian debt market during this period, according to data from depositories.
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.  
The Reserve Bank of India (RBI) is not mulling re-introduction of Rs 1,000 currency notes, sources said, amid speculations that Rs 1,000 notes may be re-introduced after the RBI announced the withdrawal of Rs 2,000 currency notes.
The domestic cable and wire industry is the focus as volumes have picked up with the recovery in the construction and infrastructure activities post-pandemic. With the general elections less than 7 months away, the increased spending on infrastructure projects by the government will further push the demand. However, the volatility in commodity prices may cap the volumes going forward. The communication cables industry has also started witnessing pickup with the increase in 5G capex.
The supply of coal to the power sector by government-owned Coal India increased by 3.4 per cent to 294.8 million tonnes in the first six months (April to September) of the current financial year 2023-24. The total amount of coal supplied stood at 1.8 MT, more than the 293 MT demand projected for the six months. According to the Ministry of Coal's website, coal is the most important and abundant fossil fuel in India. It accounts for 55 per cent of the country's energy needs. Coal India's supplies shot up to 360.7 MT during the April-September period as against 332 MT in the year-ago period.
Investment in equities is considered to be a riskier affair. But it is rewarding as well. There is a famous saying that the lower the risk, the lower the returns, while with high returns comes high risk. To generate high returns, one has to make investments carefully to generate a good income.
Foreign portfolio investors (FPIs) have withdrawn over Rs 12,000 crore from Indian equities, primarily due to the sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. However, FPIs have invested over Rs 5,700 crore in the Indian debt market during this period, according to data from depositories.
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.  
The Reserve Bank of India (RBI) is not mulling re-introduction of Rs 1,000 currency notes, sources said, amid speculations that Rs 1,000 notes may be re-introduced after the RBI announced the withdrawal of Rs 2,000 currency notes.
The domestic cable and wire industry is the focus as volumes have picked up with the recovery in the construction and infrastructure activities post-pandemic. With the general elections less than 7 months away, the increased spending on infrastructure projects by the government will further push the demand. However, the volatility in commodity prices may cap the volumes going forward. The communication cables industry has also started witnessing pickup with the increase in 5G capex.
The supply of coal to the power sector by government-owned Coal India increased by 3.4 per cent to 294.8 million tonnes in the first six months (April to September) of the current financial year 2023-24. The total amount of coal supplied stood at 1.8 MT, more than the 293 MT demand projected for the six months. According to the Ministry of Coal's website, coal is the most important and abundant fossil fuel in India. It accounts for 55 per cent of the country's energy needs. Coal India's supplies shot up to 360.7 MT during the April-September period as against 332 MT in the year-ago period.
Investment in equities is considered to be a riskier affair. But it is rewarding as well. There is a famous saying that the lower the risk, the lower the returns, while with high returns comes high risk. To generate high returns, one has to make investments carefully to generate a good income.
Foreign portfolio investors (FPIs) have withdrawn over Rs 12,000 crore from Indian equities, primarily due to the sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. However, FPIs have invested over Rs 5,700 crore in the Indian debt market during this period, according to data from depositories.
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.  
The Reserve Bank of India (RBI) is not mulling re-introduction of Rs 1,000 currency notes, sources said, amid speculations that Rs 1,000 notes may be re-introduced after the RBI announced the withdrawal of Rs 2,000 currency notes.
The domestic cable and wire industry is the focus as volumes have picked up with the recovery in the construction and infrastructure activities post-pandemic. With the general elections less than 7 months away, the increased spending on infrastructure projects by the government will further push the demand. However, the volatility in commodity prices may cap the volumes going forward. The communication cables industry has also started witnessing pickup with the increase in 5G capex.
The supply of coal to the power sector by government-owned Coal India increased by 3.4 per cent to 294.8 million tonnes in the first six months (April to September) of the current financial year 2023-24. The total amount of coal supplied stood at 1.8 MT, more than the 293 MT demand projected for the six months. According to the Ministry of Coal's website, coal is the most important and abundant fossil fuel in India. It accounts for 55 per cent of the country's energy needs. Coal India's supplies shot up to 360.7 MT during the April-September period as against 332 MT in the year-ago period.
Investment in equities is considered to be a riskier affair. But it is rewarding as well. There is a famous saying that the lower the risk, the lower the returns, while with high returns comes high risk. To generate high returns, one has to make investments carefully to generate a good income.
Foreign portfolio investors (FPIs) have withdrawn over Rs 12,000 crore from Indian equities, primarily due to the sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. However, FPIs have invested over Rs 5,700 crore in the Indian debt market during this period, according to data from depositories.
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