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IndiaTV Business: Google News Feed: Digest for November 01, 2023

IndiaTV Business: Google News Feed

IndiaTV: Business RSS Feed

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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.
Equity benchmark indices Sensex and Nifty declined amid continuous foreign fund outflows and sluggish trends in the global market on Monday. The 30-share BSE Sensex declined 179.06 points to 63,603.74 in early trade. The Nifty dipped 49.25 points to 18,998. 
The US-India Strategic Partnership Forum (USISPF), a leading independent body committed to deepening relations between India and the US, felicitated Nita Amban with the 2023 USISPF Global Leadership Award for Philanthropy and Corporate Social Responsibility. Nita Ambani, Founder and Chair of Reliance Foundation was presented the award by John Chambers, Chairman of USISPF, at a reception in New Delhi on Sunday, October 29 attended by USISPF Board Members, top Indian business leaders, and Government of India officials. 
The government is preparing a national e-commerce policy that seeks to democratise the sector and call for more green initiatives. The policy is being formulated by the Commerce and Industry Ministry. Earlier in August, the Department for Promotion of Industry and Internal Trade (DPIIT) held a detailed discussion with representatives of e-commerce firms and a domestic traders' body on the proposed policy.
The sudden surge in onion prices has become a matter of concern, especially during the festive season. While tomatoes caused a stir earlier this year, onions are now in the spotlight. Prices have jumped from a mere 20-30 rupees per kilogram to a whopping 70-80 rupees per kilogram in just one week. India TV conducted a poll to gauge the opinion of the general public on whether the sudden rise in onion prices would dampen the festive spirit.
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.
Equity benchmark indices Sensex and Nifty declined amid continuous foreign fund outflows and sluggish trends in the global market on Monday. The 30-share BSE Sensex declined 179.06 points to 63,603.74 in early trade. The Nifty dipped 49.25 points to 18,998. 
The US-India Strategic Partnership Forum (USISPF), a leading independent body committed to deepening relations between India and the US, felicitated Nita Amban with the 2023 USISPF Global Leadership Award for Philanthropy and Corporate Social Responsibility. Nita Ambani, Founder and Chair of Reliance Foundation was presented the award by John Chambers, Chairman of USISPF, at a reception in New Delhi on Sunday, October 29 attended by USISPF Board Members, top Indian business leaders, and Government of India officials. 
The government is preparing a national e-commerce policy that seeks to democratise the sector and call for more green initiatives. The policy is being formulated by the Commerce and Industry Ministry. Earlier in August, the Department for Promotion of Industry and Internal Trade (DPIIT) held a detailed discussion with representatives of e-commerce firms and a domestic traders' body on the proposed policy.
The sudden surge in onion prices has become a matter of concern, especially during the festive season. While tomatoes caused a stir earlier this year, onions are now in the spotlight. Prices have jumped from a mere 20-30 rupees per kilogram to a whopping 70-80 rupees per kilogram in just one week. India TV conducted a poll to gauge the opinion of the general public on whether the sudden rise in onion prices would dampen the festive spirit.
Stock markets update: Equity benchmark indices climbed over 300 points in early trade on Tuesday but soon turned volatile as investors retreated to the sidelines amid unabated foreign fund outflows and escalating tensions in the Middle East. Besides, investor sentiments were cautious ahead of the US Federal Reserve's interest rate decision, traders said.
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.
Equity benchmark indices Sensex and Nifty declined amid continuous foreign fund outflows and sluggish trends in the global market on Monday. The 30-share BSE Sensex declined 179.06 points to 63,603.74 in early trade. The Nifty dipped 49.25 points to 18,998. 
The US-India Strategic Partnership Forum (USISPF), a leading independent body committed to deepening relations between India and the US, felicitated Nita Amban with the 2023 USISPF Global Leadership Award for Philanthropy and Corporate Social Responsibility. Nita Ambani, Founder and Chair of Reliance Foundation was presented the award by John Chambers, Chairman of USISPF, at a reception in New Delhi on Sunday, October 29 attended by USISPF Board Members, top Indian business leaders, and Government of India officials. 
The government is preparing a national e-commerce policy that seeks to democratise the sector and call for more green initiatives. The policy is being formulated by the Commerce and Industry Ministry. Earlier in August, the Department for Promotion of Industry and Internal Trade (DPIIT) held a detailed discussion with representatives of e-commerce firms and a domestic traders' body on the proposed policy.
The sudden surge in onion prices has become a matter of concern, especially during the festive season. While tomatoes caused a stir earlier this year, onions are now in the spotlight. Prices have jumped from a mere 20-30 rupees per kilogram to a whopping 70-80 rupees per kilogram in just one week. India TV conducted a poll to gauge the opinion of the general public on whether the sudden rise in onion prices would dampen the festive spirit.
Stock markets update: Equity benchmark indices climbed over 300 points in early trade on Tuesday but soon turned volatile as investors retreated to the sidelines amid unabated foreign fund outflows and escalating tensions in the Middle East. Besides, investor sentiments were cautious ahead of the US Federal Reserve's interest rate decision, traders said.
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.
Equity benchmark indices Sensex and Nifty declined amid continuous foreign fund outflows and sluggish trends in the global market on Monday. The 30-share BSE Sensex declined 179.06 points to 63,603.74 in early trade. The Nifty dipped 49.25 points to 18,998. 
The US-India Strategic Partnership Forum (USISPF), a leading independent body committed to deepening relations between India and the US, felicitated Nita Amban with the 2023 USISPF Global Leadership Award for Philanthropy and Corporate Social Responsibility. Nita Ambani, Founder and Chair of Reliance Foundation was presented the award by John Chambers, Chairman of USISPF, at a reception in New Delhi on Sunday, October 29 attended by USISPF Board Members, top Indian business leaders, and Government of India officials. 
The government is preparing a national e-commerce policy that seeks to democratise the sector and call for more green initiatives. The policy is being formulated by the Commerce and Industry Ministry. Earlier in August, the Department for Promotion of Industry and Internal Trade (DPIIT) held a detailed discussion with representatives of e-commerce firms and a domestic traders' body on the proposed policy.
The sudden surge in onion prices has become a matter of concern, especially during the festive season. While tomatoes caused a stir earlier this year, onions are now in the spotlight. Prices have jumped from a mere 20-30 rupees per kilogram to a whopping 70-80 rupees per kilogram in just one week. India TV conducted a poll to gauge the opinion of the general public on whether the sudden rise in onion prices would dampen the festive spirit.
Stock markets update: Equity benchmark indices climbed over 300 points in early trade on Tuesday but soon turned volatile as investors retreated to the sidelines amid unabated foreign fund outflows and escalating tensions in the Middle East. Besides, investor sentiments were cautious ahead of the US Federal Reserve's interest rate decision, traders said.
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.
Equity benchmark indices Sensex and Nifty declined amid continuous foreign fund outflows and sluggish trends in the global market on Monday. The 30-share BSE Sensex declined 179.06 points to 63,603.74 in early trade. The Nifty dipped 49.25 points to 18,998. 
The US-India Strategic Partnership Forum (USISPF), a leading independent body committed to deepening relations between India and the US, felicitated Nita Amban with the 2023 USISPF Global Leadership Award for Philanthropy and Corporate Social Responsibility. Nita Ambani, Founder and Chair of Reliance Foundation was presented the award by John Chambers, Chairman of USISPF, at a reception in New Delhi on Sunday, October 29 attended by USISPF Board Members, top Indian business leaders, and Government of India officials. 
The government is preparing a national e-commerce policy that seeks to democratise the sector and call for more green initiatives. The policy is being formulated by the Commerce and Industry Ministry. Earlier in August, the Department for Promotion of Industry and Internal Trade (DPIIT) held a detailed discussion with representatives of e-commerce firms and a domestic traders' body on the proposed policy.
The sudden surge in onion prices has become a matter of concern, especially during the festive season. While tomatoes caused a stir earlier this year, onions are now in the spotlight. Prices have jumped from a mere 20-30 rupees per kilogram to a whopping 70-80 rupees per kilogram in just one week. India TV conducted a poll to gauge the opinion of the general public on whether the sudden rise in onion prices would dampen the festive spirit.
Stock markets update: Equity benchmark indices climbed over 300 points in early trade on Tuesday but soon turned volatile as investors retreated to the sidelines amid unabated foreign fund outflows and escalating tensions in the Middle East. Besides, investor sentiments were cautious ahead of the US Federal Reserve's interest rate decision, traders said.

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.
Equity benchmark indices Sensex and Nifty declined amid continuous foreign fund outflows and sluggish trends in the global market on Monday. The 30-share BSE Sensex declined 179.06 points to 63,603.74 in early trade. The Nifty dipped 49.25 points to 18,998. 
The US-India Strategic Partnership Forum (USISPF), a leading independent body committed to deepening relations between India and the US, felicitated Nita Amban with the 2023 USISPF Global Leadership Award for Philanthropy and Corporate Social Responsibility. Nita Ambani, Founder and Chair of Reliance Foundation was presented the award by John Chambers, Chairman of USISPF, at a reception in New Delhi on Sunday, October 29 attended by USISPF Board Members, top Indian business leaders, and Government of India officials. 
The government is preparing a national e-commerce policy that seeks to democratise the sector and call for more green initiatives. The policy is being formulated by the Commerce and Industry Ministry. Earlier in August, the Department for Promotion of Industry and Internal Trade (DPIIT) held a detailed discussion with representatives of e-commerce firms and a domestic traders' body on the proposed policy.
The sudden surge in onion prices has become a matter of concern, especially during the festive season. While tomatoes caused a stir earlier this year, onions are now in the spotlight. Prices have jumped from a mere 20-30 rupees per kilogram to a whopping 70-80 rupees per kilogram in just one week. India TV conducted a poll to gauge the opinion of the general public on whether the sudden rise in onion prices would dampen the festive spirit.
Stock markets update: Equity benchmark indices climbed over 300 points in early trade on Tuesday but soon turned volatile as investors retreated to the sidelines amid unabated foreign fund outflows and escalating tensions in the Middle East. Besides, investor sentiments were cautious ahead of the US Federal Reserve's interest rate decision, traders said.
Reliance Industries Limited on Tuesday launched Jio World Plaza (JWP), setting new standards for top-end retail and entertainment experiences in India. 
The e-commerce industry has been on an upward growth trajectory, all thanks to their unique growth strategy which led to mass adoption. The widespread availability of the Internet coupled with factors like competitive pricing and hyper-personalisation are the key drivers of the growth and evolution of e-commerce. However, the proliferation of smartphones has considerably altered the landscape of online shopping. 
Specialty chemicals maker Vikas Ecotech has announced the acquisition of Vikas Organics for a cash consideration of Rs 27 crore. According to an exchange filing, the Delhi-based recycling major acquired a 100 per cent stake in Vikas Organics which is into manufacturing of plasticisers.
The automobile industry has reported a sharp jump in sales owing to a rise in disposable income and also with the onset of the festivities. This has led to a sharp uptick in manufacturing activities with the forging sector witnessing a jump in demand. Also, the rise in metal prices in the domestic market has also boosted the forging industry's topline. 

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.
Equity benchmark indices Sensex and Nifty declined amid continuous foreign fund outflows and sluggish trends in the global market on Monday. The 30-share BSE Sensex declined 179.06 points to 63,603.74 in early trade. The Nifty dipped 49.25 points to 18,998. 
The US-India Strategic Partnership Forum (USISPF), a leading independent body committed to deepening relations between India and the US, felicitated Nita Amban with the 2023 USISPF Global Leadership Award for Philanthropy and Corporate Social Responsibility. Nita Ambani, Founder and Chair of Reliance Foundation was presented the award by John Chambers, Chairman of USISPF, at a reception in New Delhi on Sunday, October 29 attended by USISPF Board Members, top Indian business leaders, and Government of India officials. 
The government is preparing a national e-commerce policy that seeks to democratise the sector and call for more green initiatives. The policy is being formulated by the Commerce and Industry Ministry. Earlier in August, the Department for Promotion of Industry and Internal Trade (DPIIT) held a detailed discussion with representatives of e-commerce firms and a domestic traders' body on the proposed policy.
The sudden surge in onion prices has become a matter of concern, especially during the festive season. While tomatoes caused a stir earlier this year, onions are now in the spotlight. Prices have jumped from a mere 20-30 rupees per kilogram to a whopping 70-80 rupees per kilogram in just one week. India TV conducted a poll to gauge the opinion of the general public on whether the sudden rise in onion prices would dampen the festive spirit.
Stock markets update: Equity benchmark indices climbed over 300 points in early trade on Tuesday but soon turned volatile as investors retreated to the sidelines amid unabated foreign fund outflows and escalating tensions in the Middle East. Besides, investor sentiments were cautious ahead of the US Federal Reserve's interest rate decision, traders said.
Reliance Industries Limited on Tuesday launched Jio World Plaza (JWP), setting new standards for top-end retail and entertainment experiences in India. 
The e-commerce industry has been on an upward growth trajectory, all thanks to their unique growth strategy which led to mass adoption. The widespread availability of the Internet coupled with factors like competitive pricing and hyper-personalisation are the key drivers of the growth and evolution of e-commerce. However, the proliferation of smartphones has considerably altered the landscape of online shopping. 
Specialty chemicals maker Vikas Ecotech has announced the acquisition of Vikas Organics for a cash consideration of Rs 27 crore. According to an exchange filing, the Delhi-based recycling major acquired a 100 per cent stake in Vikas Organics which is into manufacturing of plasticisers.
The automobile industry has reported a sharp jump in sales owing to a rise in disposable income and also with the onset of the festivities. This has led to a sharp uptick in manufacturing activities with the forging sector witnessing a jump in demand. Also, the rise in metal prices in the domestic market has also boosted the forging industry's topline. 
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