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IndiaTV Business: Google News Feed: Digest for October 25, 2023

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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 the early hours of trading today, the Indian stock market exhibited a positive trend, with the Sensex and Nifty recording gains as investors displayed confidence in select stocks. This surge comes as a reflection of the ongoing economic recovery and a positive global market environment. As the trading session kicked off, the BSE Sensex, a benchmark index, rose by 56.3 points, or 0.09%, reaching 65,453.92. Simultaneously, the NSE Nifty 50, another key index, gained 14.2 points or 0.07%, climbing to 19,556.85.
Parag Desai, the owner of Wagh Bakri, died at 49 on Sunday, the company said in a statement. According to media reports, he was getting treatment in a hospital after an attack by street dogs. Desai, who also held the post of Executive Director of Wagh Bakri Tea Group, suffered a brain haemorrhage after being bitten by a dog. He reportedly fell during his morning walk in a park last week.
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 the early hours of trading today, the Indian stock market exhibited a positive trend, with the Sensex and Nifty recording gains as investors displayed confidence in select stocks. This surge comes as a reflection of the ongoing economic recovery and a positive global market environment. As the trading session kicked off, the BSE Sensex, a benchmark index, rose by 56.3 points, or 0.09%, reaching 65,453.92. Simultaneously, the NSE Nifty 50, another key index, gained 14.2 points or 0.07%, climbing to 19,556.85.
Parag Desai, the owner of Wagh Bakri, died at 49 on Sunday, the company said in a statement. According to media reports, he was getting treatment in a hospital after an attack by street dogs. Desai, who also held the post of Executive Director of Wagh Bakri Tea Group, suffered a brain haemorrhage after being bitten by a dog. He reportedly fell during his morning walk in a park last week.
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 the early hours of trading today, the Indian stock market exhibited a positive trend, with the Sensex and Nifty recording gains as investors displayed confidence in select stocks. This surge comes as a reflection of the ongoing economic recovery and a positive global market environment. As the trading session kicked off, the BSE Sensex, a benchmark index, rose by 56.3 points, or 0.09%, reaching 65,453.92. Simultaneously, the NSE Nifty 50, another key index, gained 14.2 points or 0.07%, climbing to 19,556.85.
Parag Desai, the owner of Wagh Bakri, died at 49 on Sunday, the company said in a statement. According to media reports, he was getting treatment in a hospital after an attack by street dogs. Desai, who also held the post of Executive Director of Wagh Bakri Tea Group, suffered a brain haemorrhage after being bitten by a dog. He reportedly fell during his morning walk in a park last week.

Ajay Goel quits as Byju's CFO, rejoins Vedanta

Tuesday 24 October 2023 07:20 AM UTC+00
New Delhi: Finance professional Ajay Goel quit BYJU's and returned to Vedanta Ltd as the new chief financial officer as the Anil Agarwal-controlled mining conglomerate heads into an ambitious business restructuring. Goel had quit from Vedanta earlier this year to join education startup BYJU's. He replaced Sonal Shrivastava who resigned from the post months after joining. Vedanta said in a stock exchange filing that Goel has been appointed CFO of the company with effect from October 30, 2023. "As part of Vedanta's structured re-hiring programme called 'Gharwapsi', Mr. Ajay Goel joins back the company," it said.
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 the early hours of trading today, the Indian stock market exhibited a positive trend, with the Sensex and Nifty recording gains as investors displayed confidence in select stocks. This surge comes as a reflection of the ongoing economic recovery and a positive global market environment. As the trading session kicked off, the BSE Sensex, a benchmark index, rose by 56.3 points, or 0.09%, reaching 65,453.92. Simultaneously, the NSE Nifty 50, another key index, gained 14.2 points or 0.07%, climbing to 19,556.85.
Parag Desai, the owner of Wagh Bakri, died at 49 on Sunday, the company said in a statement. According to media reports, he was getting treatment in a hospital after an attack by street dogs. Desai, who also held the post of Executive Director of Wagh Bakri Tea Group, suffered a brain haemorrhage after being bitten by a dog. He reportedly fell during his morning walk in a park last week.

Ajay Goel quits as Byju's CFO, rejoins Vedanta

Tuesday 24 October 2023 07:20 AM UTC+00
New Delhi: Finance professional Ajay Goel quit BYJU's and returned to Vedanta Ltd as the new chief financial officer as the Anil Agarwal-controlled mining conglomerate heads into an ambitious business restructuring. Goel had quit from Vedanta earlier this year to join education startup BYJU's. He replaced Sonal Shrivastava who resigned from the post months after joining. Vedanta said in a stock exchange filing that Goel has been appointed CFO of the company with effect from October 30, 2023. "As part of Vedanta's structured re-hiring programme called 'Gharwapsi', Mr. Ajay Goel joins back the company," it said.
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 the early hours of trading today, the Indian stock market exhibited a positive trend, with the Sensex and Nifty recording gains as investors displayed confidence in select stocks. This surge comes as a reflection of the ongoing economic recovery and a positive global market environment. As the trading session kicked off, the BSE Sensex, a benchmark index, rose by 56.3 points, or 0.09%, reaching 65,453.92. Simultaneously, the NSE Nifty 50, another key index, gained 14.2 points or 0.07%, climbing to 19,556.85.
Parag Desai, the owner of Wagh Bakri, died at 49 on Sunday, the company said in a statement. According to media reports, he was getting treatment in a hospital after an attack by street dogs. Desai, who also held the post of Executive Director of Wagh Bakri Tea Group, suffered a brain haemorrhage after being bitten by a dog. He reportedly fell during his morning walk in a park last week.

Ajay Goel quits as Byju's CFO, rejoins Vedanta

Tuesday 24 October 2023 07:20 AM UTC+00
New Delhi: Finance professional Ajay Goel quit BYJU's and returned to Vedanta Ltd as the new chief financial officer as the Anil Agarwal-controlled mining conglomerate heads into an ambitious business restructuring. Goel had quit from Vedanta earlier this year to join education startup BYJU's. He replaced Sonal Shrivastava who resigned from the post months after joining. Vedanta said in a stock exchange filing that Goel has been appointed CFO of the company with effect from October 30, 2023. "As part of Vedanta's structured re-hiring programme called 'Gharwapsi', Mr. Ajay Goel joins back the company," it said.
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 the early hours of trading today, the Indian stock market exhibited a positive trend, with the Sensex and Nifty recording gains as investors displayed confidence in select stocks. This surge comes as a reflection of the ongoing economic recovery and a positive global market environment. As the trading session kicked off, the BSE Sensex, a benchmark index, rose by 56.3 points, or 0.09%, reaching 65,453.92. Simultaneously, the NSE Nifty 50, another key index, gained 14.2 points or 0.07%, climbing to 19,556.85.
Parag Desai, the owner of Wagh Bakri, died at 49 on Sunday, the company said in a statement. According to media reports, he was getting treatment in a hospital after an attack by street dogs. Desai, who also held the post of Executive Director of Wagh Bakri Tea Group, suffered a brain haemorrhage after being bitten by a dog. He reportedly fell during his morning walk in a park last week.

Ajay Goel quits as Byju's CFO, rejoins Vedanta

Tuesday 24 October 2023 07:20 AM UTC+00
New Delhi: Finance professional Ajay Goel quit BYJU's and returned to Vedanta Ltd as the new chief financial officer as the Anil Agarwal-controlled mining conglomerate heads into an ambitious business restructuring. Goel had quit from Vedanta earlier this year to join education startup BYJU's. He replaced Sonal Shrivastava who resigned from the post months after joining. Vedanta said in a stock exchange filing that Goel has been appointed CFO of the company with effect from October 30, 2023. "As part of Vedanta's structured re-hiring programme called 'Gharwapsi', Mr. Ajay Goel joins back the company," it said.
Indian economy: India, the world's fifth largest economy in the world, is likely to overtake Japan to become the world's third-largest economy with a GDP of USD 7.3 trillion by 2030, S&P Global Market Intelligence said in its latest issue of PMI. After two years of rapid economic growth in 2021 and 2022, the Indian economy has continued to show sustained strong growth during the 2023 calendar year.
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 the early hours of trading today, the Indian stock market exhibited a positive trend, with the Sensex and Nifty recording gains as investors displayed confidence in select stocks. This surge comes as a reflection of the ongoing economic recovery and a positive global market environment. As the trading session kicked off, the BSE Sensex, a benchmark index, rose by 56.3 points, or 0.09%, reaching 65,453.92. Simultaneously, the NSE Nifty 50, another key index, gained 14.2 points or 0.07%, climbing to 19,556.85.
Parag Desai, the owner of Wagh Bakri, died at 49 on Sunday, the company said in a statement. According to media reports, he was getting treatment in a hospital after an attack by street dogs. Desai, who also held the post of Executive Director of Wagh Bakri Tea Group, suffered a brain haemorrhage after being bitten by a dog. He reportedly fell during his morning walk in a park last week.

Ajay Goel quits as Byju's CFO, rejoins Vedanta

Tuesday 24 October 2023 07:20 AM UTC+00
New Delhi: Finance professional Ajay Goel quit BYJU's and returned to Vedanta Ltd as the new chief financial officer as the Anil Agarwal-controlled mining conglomerate heads into an ambitious business restructuring. Goel had quit from Vedanta earlier this year to join education startup BYJU's. He replaced Sonal Shrivastava who resigned from the post months after joining. Vedanta said in a stock exchange filing that Goel has been appointed CFO of the company with effect from October 30, 2023. "As part of Vedanta's structured re-hiring programme called 'Gharwapsi', Mr. Ajay Goel joins back the company," it said.
Indian economy: India, the world's fifth largest economy in the world, is likely to overtake Japan to become the world's third-largest economy with a GDP of USD 7.3 trillion by 2030, S&P Global Market Intelligence said in its latest issue of PMI. After two years of rapid economic growth in 2021 and 2022, the Indian economy has continued to show sustained strong growth during the 2023 calendar year.
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