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IndiaTV Business: Google News Feed: Digest for November 02, 2023

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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. 
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. 
Equity benchmark indices declined in early trade on Wednesday due to weakness in banking, financial and metal stocks amid unabated foreign fund outflows. Investors preferred to remain on the sidelines ahead of the US Federal Reserve's interest rate decision, traders said.
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. 
Equity benchmark indices declined in early trade on Wednesday due to weakness in banking, financial and metal stocks amid unabated foreign fund outflows. Investors preferred to remain on the sidelines ahead of the US Federal Reserve's interest rate decision, traders said.
The Goods and Services Tax (GST) collection for the month of October 2023 has achieved a milestone, reaching an impressive ₹1.72 lakh crore. This substantial revenue collection stands as the second-highest ever recorded, following April 2023, and it exhibits a remarkable year-on-year growth of 13%, according to the Ministry of Finance.
In a day marked by fluctuations and mixed sentiment, the stock markets experienced a decline as the Sensex and Nifty closed in the red. The BSE Sensex, India's benchmark stock index, registered a drop of 283.60 points, ending the trading session at 63,591.33. Similarly, the NSE Nifty 50, which tracks the performance of the National Stock Exchange, fell by 90.45 points to close at 18,989.15. This downtrend follows several sessions of gains and record-breaking highs.
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. 
Equity benchmark indices declined in early trade on Wednesday due to weakness in banking, financial and metal stocks amid unabated foreign fund outflows. Investors preferred to remain on the sidelines ahead of the US Federal Reserve's interest rate decision, traders said.
The Goods and Services Tax (GST) collection for the month of October 2023 has achieved a milestone, reaching an impressive ₹1.72 lakh crore. This substantial revenue collection stands as the second-highest ever recorded, following April 2023, and it exhibits a remarkable year-on-year growth of 13%, according to the Ministry of Finance.
In a day marked by fluctuations and mixed sentiment, the stock markets experienced a decline as the Sensex and Nifty closed in the red. The BSE Sensex, India's benchmark stock index, registered a drop of 283.60 points, ending the trading session at 63,591.33. Similarly, the NSE Nifty 50, which tracks the performance of the National Stock Exchange, fell by 90.45 points to close at 18,989.15. This downtrend follows several sessions of gains and record-breaking highs.
The Reserve Bank of India (RBI) on Wednesdays said more than 97 per cent of the Rs 2,000 banknotes in circulation have been returned to the banking system. The Central Bank cited only Rs 10,000 crore worth of such notes are still with the public.
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. 
Equity benchmark indices declined in early trade on Wednesday due to weakness in banking, financial and metal stocks amid unabated foreign fund outflows. Investors preferred to remain on the sidelines ahead of the US Federal Reserve's interest rate decision, traders said.
The Goods and Services Tax (GST) collection for the month of October 2023 has achieved a milestone, reaching an impressive ₹1.72 lakh crore. This substantial revenue collection stands as the second-highest ever recorded, following April 2023, and it exhibits a remarkable year-on-year growth of 13%, according to the Ministry of Finance.
In a day marked by fluctuations and mixed sentiment, the stock markets experienced a decline as the Sensex and Nifty closed in the red. The BSE Sensex, India's benchmark stock index, registered a drop of 283.60 points, ending the trading session at 63,591.33. Similarly, the NSE Nifty 50, which tracks the performance of the National Stock Exchange, fell by 90.45 points to close at 18,989.15. This downtrend follows several sessions of gains and record-breaking highs.
The Reserve Bank of India (RBI) on Wednesdays said more than 97 per cent of the Rs 2,000 banknotes in circulation have been returned to the banking system. The Central Bank cited only Rs 10,000 crore worth of such notes are still with the public.

Multibagger stock announces bonus and dividend; fixes record date

Wednesday 01 November 2023 03:34 PM UTC+00
Bonus and dividends are 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, has also announced a double bonanza for its investors. 
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. 
Equity benchmark indices declined in early trade on Wednesday due to weakness in banking, financial and metal stocks amid unabated foreign fund outflows. Investors preferred to remain on the sidelines ahead of the US Federal Reserve's interest rate decision, traders said.
The Goods and Services Tax (GST) collection for the month of October 2023 has achieved a milestone, reaching an impressive ₹1.72 lakh crore. This substantial revenue collection stands as the second-highest ever recorded, following April 2023, and it exhibits a remarkable year-on-year growth of 13%, according to the Ministry of Finance.
In a day marked by fluctuations and mixed sentiment, the stock markets experienced a decline as the Sensex and Nifty closed in the red. The BSE Sensex, India's benchmark stock index, registered a drop of 283.60 points, ending the trading session at 63,591.33. Similarly, the NSE Nifty 50, which tracks the performance of the National Stock Exchange, fell by 90.45 points to close at 18,989.15. This downtrend follows several sessions of gains and record-breaking highs.
The Reserve Bank of India (RBI) on Wednesdays said more than 97 per cent of the Rs 2,000 banknotes in circulation have been returned to the banking system. The Central Bank cited only Rs 10,000 crore worth of such notes are still with the public.

Multibagger stock announces bonus and dividend; fixes record date

Wednesday 01 November 2023 03:34 PM UTC+00
Bonus and dividends are 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, has also announced a double bonanza for its investors. 
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