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IndiaTV Business: Google News Feed: Digest for November 14, 2023

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The impact of the pandemic on the acceleration of digital transformation is visible. India is at the vanguard of the digital revolution and its financial inclusion journey is an example for other developing countries to look at. As the government continues its work to create a modern digital infrastructure to ensure benefits of the digital revolution reach everyone, it had August this year approved the extension of the Digital India programme with an outlay of Rs 14,903 crore to boost digital initiatives.
The Bombay High Court has ruled in favour of Vodafone Idea Limited, directing the Income Tax department to refund Rs. 1,128 crore paid by the telecom giant for the assessment year 2016-2017. The court deemed the assessment order passed in August this year as "time-barred" and criticised the assessing officer for "laxity and lethargy," causing a substantial loss to the exchequer. The judgment underscored the officer's negligence, stating it has repercussions on the nation's economic stability. 
As many as 11.5 crore PAN cards were deactivated for not being linked to Aadhar cards within the deadline, according to an RTI reply by the Central Board of Direct Taxes (CBDT). The deadline for linking PAN card with Aadhar expired on June 30 this year. Out of the total 70.24 crore PAN card holders in the country, 57.25 people linked their PAN cards to Aadhar. According to the RTI reply, more than 12 crore PAN cards have not been linked to Aadhar, out of which 11.5 crore cards have been deactivated.
Bank holidays: India is currently drowned in the euphoria of the festive season as several big festivals are lined up. Occasions like Dhanteras, Diwali, Bhaiya Dooj and Chhath Puja will be celebrated across the country in the coming days. In view of this, banks across several states will remain closed for six days starting with Dhanteras - November 10, and ending with Bhai Dooj - November 15. However, internet banking services will remain operational during this period. 
New Delhi: Air India has become the world's first airline to successfully deploy a Generative AI virtual agent 'Maharaja', the airline said in a statement on Friday.  The agent is powered by Microsoft's Azure OpenAI service. 
Provident Fund: Ahead of the Diwali festival, the Employees' Provident Fund Organisation (EPFO) has started crediting the interest to the respective Provident Fund (PF) accounts, said the government body in an official statement. 
Amid strong global cues, gold prices recovered sharply by Rs 250 to Rs 61,200 per 10 grams in Delhi on Friday - ending its four-day losing streak on Dhanteras. In the previous trade, the precious metal had finished at Rs 60,950 per 10 grams.
The Life Insurance Corporation of India (LIC) on Friday reported a 50 per cent decline in net profit at Rs 7,925 crore for the quarter ended September 30, on lower income. The country's biggest insurer had a net profit of Rs 15,952 crore in the year-ago period, LIC said in a regulatory filing.
New Delhi: Leading stock exchange BSE has reported a four-fold jump in net profit at Rs 118.4 crore for the quarter ended in September 2023. In comparison, the exchange had posted a net profit of Rs 29.4 crore in the year-ago period, BSE said in a statement.
In the special muhurat trading session, Sensex and Nifty rose more than half a percent on Sunday driven by across-the-board buying by investors. The 30-share BSE Sensex rose by 380.86 or 0.59 percent to 65,285.54 points with all its components trading in the green, marking a firm start of the new Samvat Year 2080.
The impact of the pandemic on the acceleration of digital transformation is visible. India is at the vanguard of the digital revolution and its financial inclusion journey is an example for other developing countries to look at. As the government continues its work to create a modern digital infrastructure to ensure benefits of the digital revolution reach everyone, it had August this year approved the extension of the Digital India programme with an outlay of Rs 14,903 crore to boost digital initiatives.
The Bombay High Court has ruled in favour of Vodafone Idea Limited, directing the Income Tax department to refund Rs. 1,128 crore paid by the telecom giant for the assessment year 2016-2017. The court deemed the assessment order passed in August this year as "time-barred" and criticised the assessing officer for "laxity and lethargy," causing a substantial loss to the exchequer. The judgment underscored the officer's negligence, stating it has repercussions on the nation's economic stability. 
As many as 11.5 crore PAN cards were deactivated for not being linked to Aadhar cards within the deadline, according to an RTI reply by the Central Board of Direct Taxes (CBDT). The deadline for linking PAN card with Aadhar expired on June 30 this year. Out of the total 70.24 crore PAN card holders in the country, 57.25 people linked their PAN cards to Aadhar. According to the RTI reply, more than 12 crore PAN cards have not been linked to Aadhar, out of which 11.5 crore cards have been deactivated.
Bank holidays: India is currently drowned in the euphoria of the festive season as several big festivals are lined up. Occasions like Dhanteras, Diwali, Bhaiya Dooj and Chhath Puja will be celebrated across the country in the coming days. In view of this, banks across several states will remain closed for six days starting with Dhanteras - November 10, and ending with Bhai Dooj - November 15. However, internet banking services will remain operational during this period. 
New Delhi: Air India has become the world's first airline to successfully deploy a Generative AI virtual agent 'Maharaja', the airline said in a statement on Friday.  The agent is powered by Microsoft's Azure OpenAI service. 
Provident Fund: Ahead of the Diwali festival, the Employees' Provident Fund Organisation (EPFO) has started crediting the interest to the respective Provident Fund (PF) accounts, said the government body in an official statement. 
Amid strong global cues, gold prices recovered sharply by Rs 250 to Rs 61,200 per 10 grams in Delhi on Friday - ending its four-day losing streak on Dhanteras. In the previous trade, the precious metal had finished at Rs 60,950 per 10 grams.
The Life Insurance Corporation of India (LIC) on Friday reported a 50 per cent decline in net profit at Rs 7,925 crore for the quarter ended September 30, on lower income. The country's biggest insurer had a net profit of Rs 15,952 crore in the year-ago period, LIC said in a regulatory filing.
New Delhi: Leading stock exchange BSE has reported a four-fold jump in net profit at Rs 118.4 crore for the quarter ended in September 2023. In comparison, the exchange had posted a net profit of Rs 29.4 crore in the year-ago period, BSE said in a statement.
In the special muhurat trading session, Sensex and Nifty rose more than half a percent on Sunday driven by across-the-board buying by investors. The 30-share BSE Sensex rose by 380.86 or 0.59 percent to 65,285.54 points with all its components trading in the green, marking a firm start of the new Samvat Year 2080.
The Bombay High Court has ruled in favour of Vodafone Idea Limited, directing the Income Tax department to refund Rs. 1,128 crore paid by the telecom giant for the assessment year 2016-2017. The court deemed the assessment order passed in August this year as "time-barred" and criticised the assessing officer for "laxity and lethargy," causing a substantial loss to the exchequer. The judgment underscored the officer's negligence, stating it has repercussions on the nation's economic stability. 
As many as 11.5 crore PAN cards were deactivated for not being linked to Aadhar cards within the deadline, according to an RTI reply by the Central Board of Direct Taxes (CBDT). The deadline for linking PAN card with Aadhar expired on June 30 this year. Out of the total 70.24 crore PAN card holders in the country, 57.25 people linked their PAN cards to Aadhar. According to the RTI reply, more than 12 crore PAN cards have not been linked to Aadhar, out of which 11.5 crore cards have been deactivated.
Bank holidays: India is currently drowned in the euphoria of the festive season as several big festivals are lined up. Occasions like Dhanteras, Diwali, Bhaiya Dooj and Chhath Puja will be celebrated across the country in the coming days. In view of this, banks across several states will remain closed for six days starting with Dhanteras - November 10, and ending with Bhai Dooj - November 15. However, internet banking services will remain operational during this period. 
New Delhi: Air India has become the world's first airline to successfully deploy a Generative AI virtual agent 'Maharaja', the airline said in a statement on Friday.  The agent is powered by Microsoft's Azure OpenAI service. 
Provident Fund: Ahead of the Diwali festival, the Employees' Provident Fund Organisation (EPFO) has started crediting the interest to the respective Provident Fund (PF) accounts, said the government body in an official statement. 
Amid strong global cues, gold prices recovered sharply by Rs 250 to Rs 61,200 per 10 grams in Delhi on Friday - ending its four-day losing streak on Dhanteras. In the previous trade, the precious metal had finished at Rs 60,950 per 10 grams.
The Life Insurance Corporation of India (LIC) on Friday reported a 50 per cent decline in net profit at Rs 7,925 crore for the quarter ended September 30, on lower income. The country's biggest insurer had a net profit of Rs 15,952 crore in the year-ago period, LIC said in a regulatory filing.
New Delhi: Leading stock exchange BSE has reported a four-fold jump in net profit at Rs 118.4 crore for the quarter ended in September 2023. In comparison, the exchange had posted a net profit of Rs 29.4 crore in the year-ago period, BSE said in a statement.
In the special muhurat trading session, Sensex and Nifty rose more than half a percent on Sunday driven by across-the-board buying by investors. The 30-share BSE Sensex rose by 380.86 or 0.59 percent to 65,285.54 points with all its components trading in the green, marking a firm start of the new Samvat Year 2080.
Stock markets update: Equity benchmark indices declined in early trade on Monday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 318.75 points to 64,940.70 in early trade. The Nifty declined 82.8 points to 19,442.75 points. 
As many as 11.5 crore PAN cards were deactivated for not being linked to Aadhar cards within the deadline, according to an RTI reply by the Central Board of Direct Taxes (CBDT). The deadline for linking PAN card with Aadhar expired on June 30 this year. Out of the total 70.24 crore PAN card holders in the country, 57.25 people linked their PAN cards to Aadhar. According to the RTI reply, more than 12 crore PAN cards have not been linked to Aadhar, out of which 11.5 crore cards have been deactivated.
Bank holidays: India is currently drowned in the euphoria of the festive season as several big festivals are lined up. Occasions like Dhanteras, Diwali, Bhaiya Dooj and Chhath Puja will be celebrated across the country in the coming days. In view of this, banks across several states will remain closed for six days starting with Dhanteras - November 10, and ending with Bhai Dooj - November 15. However, internet banking services will remain operational during this period. 
New Delhi: Air India has become the world's first airline to successfully deploy a Generative AI virtual agent 'Maharaja', the airline said in a statement on Friday.  The agent is powered by Microsoft's Azure OpenAI service. 
Provident Fund: Ahead of the Diwali festival, the Employees' Provident Fund Organisation (EPFO) has started crediting the interest to the respective Provident Fund (PF) accounts, said the government body in an official statement. 
Amid strong global cues, gold prices recovered sharply by Rs 250 to Rs 61,200 per 10 grams in Delhi on Friday - ending its four-day losing streak on Dhanteras. In the previous trade, the precious metal had finished at Rs 60,950 per 10 grams.
The Life Insurance Corporation of India (LIC) on Friday reported a 50 per cent decline in net profit at Rs 7,925 crore for the quarter ended September 30, on lower income. The country's biggest insurer had a net profit of Rs 15,952 crore in the year-ago period, LIC said in a regulatory filing.
New Delhi: Leading stock exchange BSE has reported a four-fold jump in net profit at Rs 118.4 crore for the quarter ended in September 2023. In comparison, the exchange had posted a net profit of Rs 29.4 crore in the year-ago period, BSE said in a statement.
In the special muhurat trading session, Sensex and Nifty rose more than half a percent on Sunday driven by across-the-board buying by investors. The 30-share BSE Sensex rose by 380.86 or 0.59 percent to 65,285.54 points with all its components trading in the green, marking a firm start of the new Samvat Year 2080.
Stock markets update: Equity benchmark indices declined in early trade on Monday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 318.75 points to 64,940.70 in early trade. The Nifty declined 82.8 points to 19,442.75 points. 
Nepal earthquake: The Central government has granted a special exemption to Patanjali Ayurveda, allowing them a one-time exception from the export ban to send 20 tonnes of non-basmati white rice as a donation to Nepal for the victims of the earthquake.
New Delhi: Air India has become the world's first airline to successfully deploy a Generative AI virtual agent 'Maharaja', the airline said in a statement on Friday.  The agent is powered by Microsoft's Azure OpenAI service. 
Provident Fund: Ahead of the Diwali festival, the Employees' Provident Fund Organisation (EPFO) has started crediting the interest to the respective Provident Fund (PF) accounts, said the government body in an official statement. 
Amid strong global cues, gold prices recovered sharply by Rs 250 to Rs 61,200 per 10 grams in Delhi on Friday - ending its four-day losing streak on Dhanteras. In the previous trade, the precious metal had finished at Rs 60,950 per 10 grams.
The Life Insurance Corporation of India (LIC) on Friday reported a 50 per cent decline in net profit at Rs 7,925 crore for the quarter ended September 30, on lower income. The country's biggest insurer had a net profit of Rs 15,952 crore in the year-ago period, LIC said in a regulatory filing.
New Delhi: Leading stock exchange BSE has reported a four-fold jump in net profit at Rs 118.4 crore for the quarter ended in September 2023. In comparison, the exchange had posted a net profit of Rs 29.4 crore in the year-ago period, BSE said in a statement.
In the special muhurat trading session, Sensex and Nifty rose more than half a percent on Sunday driven by across-the-board buying by investors. The 30-share BSE Sensex rose by 380.86 or 0.59 percent to 65,285.54 points with all its components trading in the green, marking a firm start of the new Samvat Year 2080.
Stock markets update: Equity benchmark indices declined in early trade on Monday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 318.75 points to 64,940.70 in early trade. The Nifty declined 82.8 points to 19,442.75 points. 
Nepal earthquake: The Central government has granted a special exemption to Patanjali Ayurveda, allowing them a one-time exception from the export ban to send 20 tonnes of non-basmati white rice as a donation to Nepal for the victims of the earthquake.
The key equity benchmarks, the Sensex and Nifty, concluded Monday's trading session in negative territory as investors engaged in profit-booking activities ahead of the scheduled release of Consumer Price Index (CPI) inflation data later in the day. Notably, the domestic indices posted strong gains during the first session of Samvat 2080 on Diwali.
The National Statistical Office (NSO) has released the latest data, revealing a drop in India's headline retail inflation for October to 4.87%, down from 5.02% in September. This decline brings headline inflation comfortably within the Reserve Bank of India's (RBI)'s preferred range of below 6%. In contrast, the inflation rate stood at 7.56% in September 2022.
New Delhi: Air India has become the world's first airline to successfully deploy a Generative AI virtual agent 'Maharaja', the airline said in a statement on Friday.  The agent is powered by Microsoft's Azure OpenAI service. 
Provident Fund: Ahead of the Diwali festival, the Employees' Provident Fund Organisation (EPFO) has started crediting the interest to the respective Provident Fund (PF) accounts, said the government body in an official statement. 
Amid strong global cues, gold prices recovered sharply by Rs 250 to Rs 61,200 per 10 grams in Delhi on Friday - ending its four-day losing streak on Dhanteras. In the previous trade, the precious metal had finished at Rs 60,950 per 10 grams.
The Life Insurance Corporation of India (LIC) on Friday reported a 50 per cent decline in net profit at Rs 7,925 crore for the quarter ended September 30, on lower income. The country's biggest insurer had a net profit of Rs 15,952 crore in the year-ago period, LIC said in a regulatory filing.
New Delhi: Leading stock exchange BSE has reported a four-fold jump in net profit at Rs 118.4 crore for the quarter ended in September 2023. In comparison, the exchange had posted a net profit of Rs 29.4 crore in the year-ago period, BSE said in a statement.
In the special muhurat trading session, Sensex and Nifty rose more than half a percent on Sunday driven by across-the-board buying by investors. The 30-share BSE Sensex rose by 380.86 or 0.59 percent to 65,285.54 points with all its components trading in the green, marking a firm start of the new Samvat Year 2080.
Stock markets update: Equity benchmark indices declined in early trade on Monday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 318.75 points to 64,940.70 in early trade. The Nifty declined 82.8 points to 19,442.75 points. 
Nepal earthquake: The Central government has granted a special exemption to Patanjali Ayurveda, allowing them a one-time exception from the export ban to send 20 tonnes of non-basmati white rice as a donation to Nepal for the victims of the earthquake.
The key equity benchmarks, the Sensex and Nifty, concluded Monday's trading session in negative territory as investors engaged in profit-booking activities ahead of the scheduled release of Consumer Price Index (CPI) inflation data later in the day. Notably, the domestic indices posted strong gains during the first session of Samvat 2080 on Diwali.
The National Statistical Office (NSO) has released the latest data, revealing a drop in India's headline retail inflation for October to 4.87%, down from 5.02% in September. This decline brings headline inflation comfortably within the Reserve Bank of India's (RBI)'s preferred range of below 6%. In contrast, the inflation rate stood at 7.56% in September 2022.
New Delhi: Air India has become the world's first airline to successfully deploy a Generative AI virtual agent 'Maharaja', the airline said in a statement on Friday.  The agent is powered by Microsoft's Azure OpenAI service. 
Provident Fund: Ahead of the Diwali festival, the Employees' Provident Fund Organisation (EPFO) has started crediting the interest to the respective Provident Fund (PF) accounts, said the government body in an official statement. 
Amid strong global cues, gold prices recovered sharply by Rs 250 to Rs 61,200 per 10 grams in Delhi on Friday - ending its four-day losing streak on Dhanteras. In the previous trade, the precious metal had finished at Rs 60,950 per 10 grams.
The Life Insurance Corporation of India (LIC) on Friday reported a 50 per cent decline in net profit at Rs 7,925 crore for the quarter ended September 30, on lower income. The country's biggest insurer had a net profit of Rs 15,952 crore in the year-ago period, LIC said in a regulatory filing.
New Delhi: Leading stock exchange BSE has reported a four-fold jump in net profit at Rs 118.4 crore for the quarter ended in September 2023. In comparison, the exchange had posted a net profit of Rs 29.4 crore in the year-ago period, BSE said in a statement.
In the special muhurat trading session, Sensex and Nifty rose more than half a percent on Sunday driven by across-the-board buying by investors. The 30-share BSE Sensex rose by 380.86 or 0.59 percent to 65,285.54 points with all its components trading in the green, marking a firm start of the new Samvat Year 2080.
Stock markets update: Equity benchmark indices declined in early trade on Monday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 318.75 points to 64,940.70 in early trade. The Nifty declined 82.8 points to 19,442.75 points. 
Nepal earthquake: The Central government has granted a special exemption to Patanjali Ayurveda, allowing them a one-time exception from the export ban to send 20 tonnes of non-basmati white rice as a donation to Nepal for the victims of the earthquake.
The key equity benchmarks, the Sensex and Nifty, concluded Monday's trading session in negative territory as investors engaged in profit-booking activities ahead of the scheduled release of Consumer Price Index (CPI) inflation data later in the day. Notably, the domestic indices posted strong gains during the first session of Samvat 2080 on Diwali.
The National Statistical Office (NSO) has released the latest data, revealing a drop in India's headline retail inflation for October to 4.87%, down from 5.02% in September. This decline brings headline inflation comfortably within the Reserve Bank of India's (RBI)'s preferred range of below 6%. In contrast, the inflation rate stood at 7.56% in September 2022.
New Delhi: Air India has become the world's first airline to successfully deploy a Generative AI virtual agent 'Maharaja', the airline said in a statement on Friday.  The agent is powered by Microsoft's Azure OpenAI service. 
Provident Fund: Ahead of the Diwali festival, the Employees' Provident Fund Organisation (EPFO) has started crediting the interest to the respective Provident Fund (PF) accounts, said the government body in an official statement. 
Amid strong global cues, gold prices recovered sharply by Rs 250 to Rs 61,200 per 10 grams in Delhi on Friday - ending its four-day losing streak on Dhanteras. In the previous trade, the precious metal had finished at Rs 60,950 per 10 grams.
The Life Insurance Corporation of India (LIC) on Friday reported a 50 per cent decline in net profit at Rs 7,925 crore for the quarter ended September 30, on lower income. The country's biggest insurer had a net profit of Rs 15,952 crore in the year-ago period, LIC said in a regulatory filing.
New Delhi: Leading stock exchange BSE has reported a four-fold jump in net profit at Rs 118.4 crore for the quarter ended in September 2023. In comparison, the exchange had posted a net profit of Rs 29.4 crore in the year-ago period, BSE said in a statement.
In the special muhurat trading session, Sensex and Nifty rose more than half a percent on Sunday driven by across-the-board buying by investors. The 30-share BSE Sensex rose by 380.86 or 0.59 percent to 65,285.54 points with all its components trading in the green, marking a firm start of the new Samvat Year 2080.
Stock markets update: Equity benchmark indices declined in early trade on Monday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 318.75 points to 64,940.70 in early trade. The Nifty declined 82.8 points to 19,442.75 points. 
Nepal earthquake: The Central government has granted a special exemption to Patanjali Ayurveda, allowing them a one-time exception from the export ban to send 20 tonnes of non-basmati white rice as a donation to Nepal for the victims of the earthquake.
The key equity benchmarks, the Sensex and Nifty, concluded Monday's trading session in negative territory as investors engaged in profit-booking activities ahead of the scheduled release of Consumer Price Index (CPI) inflation data later in the day. Notably, the domestic indices posted strong gains during the first session of Samvat 2080 on Diwali.
The National Statistical Office (NSO) has released the latest data, revealing a drop in India's headline retail inflation for October to 4.87%, down from 5.02% in September. This decline brings headline inflation comfortably within the Reserve Bank of India's (RBI)'s preferred range of below 6%. In contrast, the inflation rate stood at 7.56% in September 2022.
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