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IndiaTV Business: Google News Feed: Digest for October 30, 2023

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Multibagger stock set to announce bonus, dividend and buyback

Wednesday 25 October 2023 02:05 AM UTC+00
Bonus, dividend, and buyback are three kinds of corporate events that listed companies on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) announce in a bid to reward their investors. The year 2023 has seen a flurry of such announcements. IFL Enterprises which is a multibagger stock, is all set to announce a triple bonanza for its investors. 
In a positive trading session today, the Bombay Stock Exchange's benchmark index, Sensex, witnessed a rise of 40 points, while the National Stock Exchange's Nifty index successfully surged above the 19,285 mark. The Indian stock markets displayed resilience and maintained an upward trajectory. The Sensex, which comprises 30 large-cap companies listed on the BSE, opened at 62,987.25 points and eventually settled at 63,031.91 points, marking a gain of 0.07% or 40.73 points compared to its previous closing. This bullish trend was mirrored by the broader Nifty index as well.
New Delhi: The Union Cabinet on Wednesday (October 25) approved subsidy worth Rs 22,303 crore on P&K fertilisers for the current Rabi season to ensure that the Indian farmers are not affected by the rising prices of fertilisers in the international market.
Reserve Bank of India: The Reserve Bank of India today (October 25) asked private banks and wholly-owned subsidiaries of foreign banks to ensure at least two Whole Time Directors (WTDs), including the MD & CEO, on their boards to facilitate succession planning.

Sensex plunges 500 points; Nifty falls 160 points at 18,962

Thursday 26 October 2023 06:29 AM UTC+00
Markets opened at a loss on Thursday amid negative trend in global markets and fresh foreign fund outflows. The 30-share BSE Sensex plunged 502.5 points to 63,546.56. The Nifty fell 159.55 points to 18,962.60.
Baap of Chart SEBI: Clamping down on unauthorised investment advisory services offered in the name of 'Baap of Chart', regulator the Securities and Exchange Board of India (SEBI) on Wednesday (October 25) barred three entities from the securities market and ordered impounding illegal gains worth over Rs 17 crore.

Air India appoints Klaus Goersch as COO

Friday 27 October 2023 07:24 AM UTC+00
Klaus Goersch has been appointed as the Executive Vice President and Chief Operations Officer (COO) of Air India on Friday. Other than this, Several other senior level positions were also filled. In the newly-created position at the airline, Goersch will oversee flight operations, engineering, ground operations, Integrated Operations Control and cabin crew functions.
Household budgets have been strained after the price of onions reached Rs 65-70 per kg in the national capital while the onion traders are putting the blame for the sudden spike in prices on a shortage in supply.  As per traders, onions that were priced at Rs 25-30 per kg before Navratri have gone up to Rs 55-60 per kg in three days and these are being sold at Rs 65-70 per kg in the markets.
New Delhi: The government on Saturday (October 28) imposed a minimum export price (MEP) of USD 800 per tonne on onion exports till December 31, 2023, aiming to increase the availability of vegetable in the domestic market and contain prices. "Exports on onion is free. MEP of USD 800 FOB (free on board) per tonne is imposed till December 31, 2023," the Directorate General of Foreign Trade said in a notification.
New Delhi: Food regulator FSSAI has stressed on ensuring safe food to students and asked state authorities to provide trainings to those handling food items in canteens of hostels and universities. Food Safety and Standards Authority of India (FSSAI) CEO G Kamala Vardhana Rao on Saturday addressed the 42nd Central Advisory Committee (CAC) meeting at Pahalgam, Jammu and Kashmir.

Multibagger stock set to announce bonus, dividend and buyback

Wednesday 25 October 2023 02:05 AM UTC+00
Bonus, dividend, and buyback are three kinds of corporate events that listed companies on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) announce in a bid to reward their investors. The year 2023 has seen a flurry of such announcements. IFL Enterprises which is a multibagger stock, is all set to announce a triple bonanza for its investors. 
In a positive trading session today, the Bombay Stock Exchange's benchmark index, Sensex, witnessed a rise of 40 points, while the National Stock Exchange's Nifty index successfully surged above the 19,285 mark. The Indian stock markets displayed resilience and maintained an upward trajectory. The Sensex, which comprises 30 large-cap companies listed on the BSE, opened at 62,987.25 points and eventually settled at 63,031.91 points, marking a gain of 0.07% or 40.73 points compared to its previous closing. This bullish trend was mirrored by the broader Nifty index as well.
New Delhi: The Union Cabinet on Wednesday (October 25) approved subsidy worth Rs 22,303 crore on P&K fertilisers for the current Rabi season to ensure that the Indian farmers are not affected by the rising prices of fertilisers in the international market.
Reserve Bank of India: The Reserve Bank of India today (October 25) asked private banks and wholly-owned subsidiaries of foreign banks to ensure at least two Whole Time Directors (WTDs), including the MD & CEO, on their boards to facilitate succession planning.

Sensex plunges 500 points; Nifty falls 160 points at 18,962

Thursday 26 October 2023 06:29 AM UTC+00
Markets opened at a loss on Thursday amid negative trend in global markets and fresh foreign fund outflows. The 30-share BSE Sensex plunged 502.5 points to 63,546.56. The Nifty fell 159.55 points to 18,962.60.
Baap of Chart SEBI: Clamping down on unauthorised investment advisory services offered in the name of 'Baap of Chart', regulator the Securities and Exchange Board of India (SEBI) on Wednesday (October 25) barred three entities from the securities market and ordered impounding illegal gains worth over Rs 17 crore.

Air India appoints Klaus Goersch as COO

Friday 27 October 2023 07:24 AM UTC+00
Klaus Goersch has been appointed as the Executive Vice President and Chief Operations Officer (COO) of Air India on Friday. Other than this, Several other senior level positions were also filled. In the newly-created position at the airline, Goersch will oversee flight operations, engineering, ground operations, Integrated Operations Control and cabin crew functions.
Household budgets have been strained after the price of onions reached Rs 65-70 per kg in the national capital while the onion traders are putting the blame for the sudden spike in prices on a shortage in supply.  As per traders, onions that were priced at Rs 25-30 per kg before Navratri have gone up to Rs 55-60 per kg in three days and these are being sold at Rs 65-70 per kg in the markets.
New Delhi: The government on Saturday (October 28) imposed a minimum export price (MEP) of USD 800 per tonne on onion exports till December 31, 2023, aiming to increase the availability of vegetable in the domestic market and contain prices. "Exports on onion is free. MEP of USD 800 FOB (free on board) per tonne is imposed till December 31, 2023," the Directorate General of Foreign Trade said in a notification.
New Delhi: Food regulator FSSAI has stressed on ensuring safe food to students and asked state authorities to provide trainings to those handling food items in canteens of hostels and universities. Food Safety and Standards Authority of India (FSSAI) CEO G Kamala Vardhana Rao on Saturday addressed the 42nd Central Advisory Committee (CAC) meeting at Pahalgam, Jammu and Kashmir.
In a positive trading session today, the Bombay Stock Exchange's benchmark index, Sensex, witnessed a rise of 40 points, while the National Stock Exchange's Nifty index successfully surged above the 19,285 mark. The Indian stock markets displayed resilience and maintained an upward trajectory. The Sensex, which comprises 30 large-cap companies listed on the BSE, opened at 62,987.25 points and eventually settled at 63,031.91 points, marking a gain of 0.07% or 40.73 points compared to its previous closing. This bullish trend was mirrored by the broader Nifty index as well.
New Delhi: The Union Cabinet on Wednesday (October 25) approved subsidy worth Rs 22,303 crore on P&K fertilisers for the current Rabi season to ensure that the Indian farmers are not affected by the rising prices of fertilisers in the international market.
Reserve Bank of India: The Reserve Bank of India today (October 25) asked private banks and wholly-owned subsidiaries of foreign banks to ensure at least two Whole Time Directors (WTDs), including the MD & CEO, on their boards to facilitate succession planning.

Sensex plunges 500 points; Nifty falls 160 points at 18,962

Thursday 26 October 2023 06:29 AM UTC+00
Markets opened at a loss on Thursday amid negative trend in global markets and fresh foreign fund outflows. The 30-share BSE Sensex plunged 502.5 points to 63,546.56. The Nifty fell 159.55 points to 18,962.60.
Baap of Chart SEBI: Clamping down on unauthorised investment advisory services offered in the name of 'Baap of Chart', regulator the Securities and Exchange Board of India (SEBI) on Wednesday (October 25) barred three entities from the securities market and ordered impounding illegal gains worth over Rs 17 crore.

Air India appoints Klaus Goersch as COO

Friday 27 October 2023 07:24 AM UTC+00
Klaus Goersch has been appointed as the Executive Vice President and Chief Operations Officer (COO) of Air India on Friday. Other than this, Several other senior level positions were also filled. In the newly-created position at the airline, Goersch will oversee flight operations, engineering, ground operations, Integrated Operations Control and cabin crew functions.
Household budgets have been strained after the price of onions reached Rs 65-70 per kg in the national capital while the onion traders are putting the blame for the sudden spike in prices on a shortage in supply.  As per traders, onions that were priced at Rs 25-30 per kg before Navratri have gone up to Rs 55-60 per kg in three days and these are being sold at Rs 65-70 per kg in the markets.
New Delhi: The government on Saturday (October 28) imposed a minimum export price (MEP) of USD 800 per tonne on onion exports till December 31, 2023, aiming to increase the availability of vegetable in the domestic market and contain prices. "Exports on onion is free. MEP of USD 800 FOB (free on board) per tonne is imposed till December 31, 2023," the Directorate General of Foreign Trade said in a notification.
New Delhi: Food regulator FSSAI has stressed on ensuring safe food to students and asked state authorities to provide trainings to those handling food items in canteens of hostels and universities. Food Safety and Standards Authority of India (FSSAI) CEO G Kamala Vardhana Rao on Saturday addressed the 42nd Central Advisory Committee (CAC) meeting at Pahalgam, Jammu and Kashmir.
Onion prices skyrocketed in many cities including the country's capital New Delhi. The retail price of good quality onion in Delhi reached Rs 90 per kg. Till yesterday it was available at Rs 80 per kg. Meanwhile, onion was being sold in bulk for Rs 70 per kg. 

Sensex plunges 500 points; Nifty falls 160 points at 18,962

Thursday 26 October 2023 06:29 AM UTC+00
Markets opened at a loss on Thursday amid negative trend in global markets and fresh foreign fund outflows. The 30-share BSE Sensex plunged 502.5 points to 63,546.56. The Nifty fell 159.55 points to 18,962.60.
Baap of Chart SEBI: Clamping down on unauthorised investment advisory services offered in the name of 'Baap of Chart', regulator the Securities and Exchange Board of India (SEBI) on Wednesday (October 25) barred three entities from the securities market and ordered impounding illegal gains worth over Rs 17 crore.

Air India appoints Klaus Goersch as COO

Friday 27 October 2023 07:24 AM UTC+00
Klaus Goersch has been appointed as the Executive Vice President and Chief Operations Officer (COO) of Air India on Friday. Other than this, Several other senior level positions were also filled. In the newly-created position at the airline, Goersch will oversee flight operations, engineering, ground operations, Integrated Operations Control and cabin crew functions.
Household budgets have been strained after the price of onions reached Rs 65-70 per kg in the national capital while the onion traders are putting the blame for the sudden spike in prices on a shortage in supply.  As per traders, onions that were priced at Rs 25-30 per kg before Navratri have gone up to Rs 55-60 per kg in three days and these are being sold at Rs 65-70 per kg in the markets.
New Delhi: The government on Saturday (October 28) imposed a minimum export price (MEP) of USD 800 per tonne on onion exports till December 31, 2023, aiming to increase the availability of vegetable in the domestic market and contain prices. "Exports on onion is free. MEP of USD 800 FOB (free on board) per tonne is imposed till December 31, 2023," the Directorate General of Foreign Trade said in a notification.
New Delhi: Food regulator FSSAI has stressed on ensuring safe food to students and asked state authorities to provide trainings to those handling food items in canteens of hostels and universities. Food Safety and Standards Authority of India (FSSAI) CEO G Kamala Vardhana Rao on Saturday addressed the 42nd Central Advisory Committee (CAC) meeting at Pahalgam, Jammu and Kashmir.
Onion prices skyrocketed in many cities including the country's capital New Delhi. The retail price of good quality onion in Delhi reached Rs 90 per kg. Till yesterday it was available at Rs 80 per kg. Meanwhile, onion was being sold in bulk for Rs 70 per kg. 
India is the world's third-largest energy consumer. The size of the Indian chemical and petrochemical sector is around USD 190 billion and it is poised for transformational growth. Earlier this year, the government offered an investment opportunity of USD 30 billion in the petrochemical sector over the next decade to meet growing demand. Even though the per capita consumption is still low as compared to developed economies, the chemical and petrochemical industry can play a significant role in the country's economic growth and can transform India into a global manufacturing hub.
The IT sector is going through immense pressure due to spending cuts amid recession fears. This year saw US tech companies laying off people. Even as the downtrend has impacted Indian IT companies as well, the technology sector has shown resilience and delivering strong results. 
In a significant financial feat, Hi-Tech Pipes, a leading player in the steel and structural products industry, has reported a remarkable surge in consolidated net profit, reaching Rs 10.53 crore in the September quarter. This achievement represents a more than two-fold increase compared to the net profit of Rs 4.34 crore reported during the July–September period of the previous fiscal year, 2022–23. The company disclosed this substantial growth in its regulatory filing on a recent Saturday. The notable growth is attributed to higher income and robust performance across the quarter.

Sensex plunges 500 points; Nifty falls 160 points at 18,962

Thursday 26 October 2023 06:29 AM UTC+00
Markets opened at a loss on Thursday amid negative trend in global markets and fresh foreign fund outflows. The 30-share BSE Sensex plunged 502.5 points to 63,546.56. The Nifty fell 159.55 points to 18,962.60.
Baap of Chart SEBI: Clamping down on unauthorised investment advisory services offered in the name of 'Baap of Chart', regulator the Securities and Exchange Board of India (SEBI) on Wednesday (October 25) barred three entities from the securities market and ordered impounding illegal gains worth over Rs 17 crore.

Air India appoints Klaus Goersch as COO

Friday 27 October 2023 07:24 AM UTC+00
Klaus Goersch has been appointed as the Executive Vice President and Chief Operations Officer (COO) of Air India on Friday. Other than this, Several other senior level positions were also filled. In the newly-created position at the airline, Goersch will oversee flight operations, engineering, ground operations, Integrated Operations Control and cabin crew functions.
Household budgets have been strained after the price of onions reached Rs 65-70 per kg in the national capital while the onion traders are putting the blame for the sudden spike in prices on a shortage in supply.  As per traders, onions that were priced at Rs 25-30 per kg before Navratri have gone up to Rs 55-60 per kg in three days and these are being sold at Rs 65-70 per kg in the markets.
New Delhi: The government on Saturday (October 28) imposed a minimum export price (MEP) of USD 800 per tonne on onion exports till December 31, 2023, aiming to increase the availability of vegetable in the domestic market and contain prices. "Exports on onion is free. MEP of USD 800 FOB (free on board) per tonne is imposed till December 31, 2023," the Directorate General of Foreign Trade said in a notification.
New Delhi: Food regulator FSSAI has stressed on ensuring safe food to students and asked state authorities to provide trainings to those handling food items in canteens of hostels and universities. Food Safety and Standards Authority of India (FSSAI) CEO G Kamala Vardhana Rao on Saturday addressed the 42nd Central Advisory Committee (CAC) meeting at Pahalgam, Jammu and Kashmir.
Onion prices skyrocketed in many cities including the country's capital New Delhi. The retail price of good quality onion in Delhi reached Rs 90 per kg. Till yesterday it was available at Rs 80 per kg. Meanwhile, onion was being sold in bulk for Rs 70 per kg. 
India is the world's third-largest energy consumer. The size of the Indian chemical and petrochemical sector is around USD 190 billion and it is poised for transformational growth. Earlier this year, the government offered an investment opportunity of USD 30 billion in the petrochemical sector over the next decade to meet growing demand. Even though the per capita consumption is still low as compared to developed economies, the chemical and petrochemical industry can play a significant role in the country's economic growth and can transform India into a global manufacturing hub.
The IT sector is going through immense pressure due to spending cuts amid recession fears. This year saw US tech companies laying off people. Even as the downtrend has impacted Indian IT companies as well, the technology sector has shown resilience and delivering strong results. 
In a significant financial feat, Hi-Tech Pipes, a leading player in the steel and structural products industry, has reported a remarkable surge in consolidated net profit, reaching Rs 10.53 crore in the September quarter. This achievement represents a more than two-fold increase compared to the net profit of Rs 4.34 crore reported during the July–September period of the previous fiscal year, 2022–23. The company disclosed this substantial growth in its regulatory filing on a recent Saturday. The notable growth is attributed to higher income and robust performance across the quarter.
Baap of Chart SEBI: Clamping down on unauthorised investment advisory services offered in the name of 'Baap of Chart', regulator the Securities and Exchange Board of India (SEBI) on Wednesday (October 25) barred three entities from the securities market and ordered impounding illegal gains worth over Rs 17 crore.

Air India appoints Klaus Goersch as COO

Friday 27 October 2023 07:24 AM UTC+00
Klaus Goersch has been appointed as the Executive Vice President and Chief Operations Officer (COO) of Air India on Friday. Other than this, Several other senior level positions were also filled. In the newly-created position at the airline, Goersch will oversee flight operations, engineering, ground operations, Integrated Operations Control and cabin crew functions.
Household budgets have been strained after the price of onions reached Rs 65-70 per kg in the national capital while the onion traders are putting the blame for the sudden spike in prices on a shortage in supply.  As per traders, onions that were priced at Rs 25-30 per kg before Navratri have gone up to Rs 55-60 per kg in three days and these are being sold at Rs 65-70 per kg in the markets.
New Delhi: The government on Saturday (October 28) imposed a minimum export price (MEP) of USD 800 per tonne on onion exports till December 31, 2023, aiming to increase the availability of vegetable in the domestic market and contain prices. "Exports on onion is free. MEP of USD 800 FOB (free on board) per tonne is imposed till December 31, 2023," the Directorate General of Foreign Trade said in a notification.
New Delhi: Food regulator FSSAI has stressed on ensuring safe food to students and asked state authorities to provide trainings to those handling food items in canteens of hostels and universities. Food Safety and Standards Authority of India (FSSAI) CEO G Kamala Vardhana Rao on Saturday addressed the 42nd Central Advisory Committee (CAC) meeting at Pahalgam, Jammu and Kashmir.
Onion prices skyrocketed in many cities including the country's capital New Delhi. The retail price of good quality onion in Delhi reached Rs 90 per kg. Till yesterday it was available at Rs 80 per kg. Meanwhile, onion was being sold in bulk for Rs 70 per kg. 
India is the world's third-largest energy consumer. The size of the Indian chemical and petrochemical sector is around USD 190 billion and it is poised for transformational growth. Earlier this year, the government offered an investment opportunity of USD 30 billion in the petrochemical sector over the next decade to meet growing demand. Even though the per capita consumption is still low as compared to developed economies, the chemical and petrochemical industry can play a significant role in the country's economic growth and can transform India into a global manufacturing hub.
The IT sector is going through immense pressure due to spending cuts amid recession fears. This year saw US tech companies laying off people. Even as the downtrend has impacted Indian IT companies as well, the technology sector has shown resilience and delivering strong results. 
In a significant financial feat, Hi-Tech Pipes, a leading player in the steel and structural products industry, has reported a remarkable surge in consolidated net profit, reaching Rs 10.53 crore in the September quarter. This achievement represents a more than two-fold increase compared to the net profit of Rs 4.34 crore reported during the July–September period of the previous fiscal year, 2022–23. The company disclosed this substantial growth in its regulatory filing on a recent Saturday. The notable growth is attributed to higher income and robust performance across the quarter.

State Bank of India ropes in MS Dhoni as brand ambassador

Sunday 29 October 2023 05:36 PM UTC+00
The country's largest lender State Bank of India (SBI) on Sunday announced its collaboration with cricketing legend Mahendra Singh Dhoni as its official brand ambassador. As the brand ambassador of SBI, Dhoni will play a pivotal role in various marketing and promotional campaigns, the bank said in a statement.
Baap of Chart SEBI: Clamping down on unauthorised investment advisory services offered in the name of 'Baap of Chart', regulator the Securities and Exchange Board of India (SEBI) on Wednesday (October 25) barred three entities from the securities market and ordered impounding illegal gains worth over Rs 17 crore.

Air India appoints Klaus Goersch as COO

Friday 27 October 2023 07:24 AM UTC+00
Klaus Goersch has been appointed as the Executive Vice President and Chief Operations Officer (COO) of Air India on Friday. Other than this, Several other senior level positions were also filled. In the newly-created position at the airline, Goersch will oversee flight operations, engineering, ground operations, Integrated Operations Control and cabin crew functions.
Household budgets have been strained after the price of onions reached Rs 65-70 per kg in the national capital while the onion traders are putting the blame for the sudden spike in prices on a shortage in supply.  As per traders, onions that were priced at Rs 25-30 per kg before Navratri have gone up to Rs 55-60 per kg in three days and these are being sold at Rs 65-70 per kg in the markets.
New Delhi: The government on Saturday (October 28) imposed a minimum export price (MEP) of USD 800 per tonne on onion exports till December 31, 2023, aiming to increase the availability of vegetable in the domestic market and contain prices. "Exports on onion is free. MEP of USD 800 FOB (free on board) per tonne is imposed till December 31, 2023," the Directorate General of Foreign Trade said in a notification.
New Delhi: Food regulator FSSAI has stressed on ensuring safe food to students and asked state authorities to provide trainings to those handling food items in canteens of hostels and universities. Food Safety and Standards Authority of India (FSSAI) CEO G Kamala Vardhana Rao on Saturday addressed the 42nd Central Advisory Committee (CAC) meeting at Pahalgam, Jammu and Kashmir.
Onion prices skyrocketed in many cities including the country's capital New Delhi. The retail price of good quality onion in Delhi reached Rs 90 per kg. Till yesterday it was available at Rs 80 per kg. Meanwhile, onion was being sold in bulk for Rs 70 per kg. 
India is the world's third-largest energy consumer. The size of the Indian chemical and petrochemical sector is around USD 190 billion and it is poised for transformational growth. Earlier this year, the government offered an investment opportunity of USD 30 billion in the petrochemical sector over the next decade to meet growing demand. Even though the per capita consumption is still low as compared to developed economies, the chemical and petrochemical industry can play a significant role in the country's economic growth and can transform India into a global manufacturing hub.
The IT sector is going through immense pressure due to spending cuts amid recession fears. This year saw US tech companies laying off people. Even as the downtrend has impacted Indian IT companies as well, the technology sector has shown resilience and delivering strong results. 
In a significant financial feat, Hi-Tech Pipes, a leading player in the steel and structural products industry, has reported a remarkable surge in consolidated net profit, reaching Rs 10.53 crore in the September quarter. This achievement represents a more than two-fold increase compared to the net profit of Rs 4.34 crore reported during the July–September period of the previous fiscal year, 2022–23. The company disclosed this substantial growth in its regulatory filing on a recent Saturday. The notable growth is attributed to higher income and robust performance across the quarter.

State Bank of India ropes in MS Dhoni as brand ambassador

Sunday 29 October 2023 05:36 PM UTC+00
The country's largest lender State Bank of India (SBI) on Sunday announced its collaboration with cricketing legend Mahendra Singh Dhoni as its official brand ambassador. As the brand ambassador of SBI, Dhoni will play a pivotal role in various marketing and promotional campaigns, the bank said in a statement.
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