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IndiaTV Business: Google News Feed: Digest for November 16, 2023

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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.
Prithvi Raj Singh Oberoi, chairman emeritus of the Oberoi Group, passed away at 94 on Tuesday (November 14) morning, an official of the Oberoi Group said. PRS Oberoi was widely known as the doyen of Indian hospitality, who has now left behind a huge legacy.
PRS Oberoi, chairman emeritus of The Oberoi Group, passed away on Tuesday morning (November 14), leaving behind a legacy of building luxury hotels in India. PRS Oberoi, popularly known as 'Biki', was credited with placing Oberoi hotels on the map of international luxury travellers with the opening of several luxurious hotels in various cities of the country. He inherited India's first five-star hotel, founded by his father. But how did he build an empire of such luxurious hotels and resorts which made him widely known as the doyen of Indian hospitality?
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.
Prithvi Raj Singh Oberoi, chairman emeritus of the Oberoi Group, passed away at 94 on Tuesday (November 14) morning, an official of the Oberoi Group said. PRS Oberoi was widely known as the doyen of Indian hospitality, who has now left behind a huge legacy.
PRS Oberoi, chairman emeritus of The Oberoi Group, passed away on Tuesday morning (November 14), leaving behind a legacy of building luxury hotels in India. PRS Oberoi, popularly known as 'Biki', was credited with placing Oberoi hotels on the map of international luxury travellers with the opening of several luxurious hotels in various cities of the country. He inherited India's first five-star hotel, founded by his father. But how did he build an empire of such luxurious hotels and resorts which made him widely known as the doyen of Indian hospitality?
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.
Prithvi Raj Singh Oberoi, chairman emeritus of the Oberoi Group, passed away at 94 on Tuesday (November 14) morning, an official of the Oberoi Group said. PRS Oberoi was widely known as the doyen of Indian hospitality, who has now left behind a huge legacy.
PRS Oberoi, chairman emeritus of The Oberoi Group, passed away on Tuesday morning (November 14), leaving behind a legacy of building luxury hotels in India. PRS Oberoi, popularly known as 'Biki', was credited with placing Oberoi hotels on the map of international luxury travellers with the opening of several luxurious hotels in various cities of the country. He inherited India's first five-star hotel, founded by his father. But how did he build an empire of such luxurious hotels and resorts which made him widely known as the doyen of Indian hospitality?
Stock markets: Amid a rally in global markets on favourable US inflation data, the equity benchmark indices jumped in early trade on Wednesday. The 30-share BSE Sensex jumped 645.08 points to 65,578.95 in early trade. Meanwhile, the Nifty climbed 209.8 points to 19,653.35.
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.
Prithvi Raj Singh Oberoi, chairman emeritus of the Oberoi Group, passed away at 94 on Tuesday (November 14) morning, an official of the Oberoi Group said. PRS Oberoi was widely known as the doyen of Indian hospitality, who has now left behind a huge legacy.
PRS Oberoi, chairman emeritus of The Oberoi Group, passed away on Tuesday morning (November 14), leaving behind a legacy of building luxury hotels in India. PRS Oberoi, popularly known as 'Biki', was credited with placing Oberoi hotels on the map of international luxury travellers with the opening of several luxurious hotels in various cities of the country. He inherited India's first five-star hotel, founded by his father. But how did he build an empire of such luxurious hotels and resorts which made him widely known as the doyen of Indian hospitality?
Stock markets: Amid a rally in global markets on favourable US inflation data, the equity benchmark indices jumped in early trade on Wednesday. The 30-share BSE Sensex jumped 645.08 points to 65,578.95 in early trade. Meanwhile, the Nifty climbed 209.8 points to 19,653.35.

Subrata Roy: A rags-to-riches story of Saharasri

Wednesday 15 November 2023 08:36 AM UTC+00
Subrata Roy, the Indian billionaire and founder of business conglomerate Sahara Group, died at the age of 75 at the Kokilaben Dhirubhai Ambani Hospital in Mumbai on Tuesday after a prolonged illness. A prominent figure in the Indian business landscape, Roy's empire extended to multiple sectors, including real estate, entertainment and retail.
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.
Prithvi Raj Singh Oberoi, chairman emeritus of the Oberoi Group, passed away at 94 on Tuesday (November 14) morning, an official of the Oberoi Group said. PRS Oberoi was widely known as the doyen of Indian hospitality, who has now left behind a huge legacy.
PRS Oberoi, chairman emeritus of The Oberoi Group, passed away on Tuesday morning (November 14), leaving behind a legacy of building luxury hotels in India. PRS Oberoi, popularly known as 'Biki', was credited with placing Oberoi hotels on the map of international luxury travellers with the opening of several luxurious hotels in various cities of the country. He inherited India's first five-star hotel, founded by his father. But how did he build an empire of such luxurious hotels and resorts which made him widely known as the doyen of Indian hospitality?
Stock markets: Amid a rally in global markets on favourable US inflation data, the equity benchmark indices jumped in early trade on Wednesday. The 30-share BSE Sensex jumped 645.08 points to 65,578.95 in early trade. Meanwhile, the Nifty climbed 209.8 points to 19,653.35.

Subrata Roy: A rags-to-riches story of Saharasri

Wednesday 15 November 2023 08:36 AM UTC+00
Subrata Roy, the Indian billionaire and founder of business conglomerate Sahara Group, died at the age of 75 at the Kokilaben Dhirubhai Ambani Hospital in Mumbai on Tuesday after a prolonged illness. A prominent figure in the Indian business landscape, Roy's empire extended to multiple sectors, including real estate, entertainment and retail.
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.
Prithvi Raj Singh Oberoi, chairman emeritus of the Oberoi Group, passed away at 94 on Tuesday (November 14) morning, an official of the Oberoi Group said. PRS Oberoi was widely known as the doyen of Indian hospitality, who has now left behind a huge legacy.
PRS Oberoi, chairman emeritus of The Oberoi Group, passed away on Tuesday morning (November 14), leaving behind a legacy of building luxury hotels in India. PRS Oberoi, popularly known as 'Biki', was credited with placing Oberoi hotels on the map of international luxury travellers with the opening of several luxurious hotels in various cities of the country. He inherited India's first five-star hotel, founded by his father. But how did he build an empire of such luxurious hotels and resorts which made him widely known as the doyen of Indian hospitality?
Stock markets: Amid a rally in global markets on favourable US inflation data, the equity benchmark indices jumped in early trade on Wednesday. The 30-share BSE Sensex jumped 645.08 points to 65,578.95 in early trade. Meanwhile, the Nifty climbed 209.8 points to 19,653.35.

Subrata Roy: A rags-to-riches story of Saharasri

Wednesday 15 November 2023 08:36 AM UTC+00
Subrata Roy, the Indian billionaire and founder of business conglomerate Sahara Group, died at the age of 75 at the Kokilaben Dhirubhai Ambani Hospital in Mumbai on Tuesday after a prolonged illness. A prominent figure in the Indian business landscape, Roy's empire extended to multiple sectors, including real estate, entertainment and retail.
The Reserve Bank on Wednesday directed Bajaj Finance to stop sanction and disbursal of loans under its two lending products -- eCOM and Insta EMI Card with immediate effect due to the non-adherence of the company to the extant provisions of digital lending guidelines.
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.
Prithvi Raj Singh Oberoi, chairman emeritus of the Oberoi Group, passed away at 94 on Tuesday (November 14) morning, an official of the Oberoi Group said. PRS Oberoi was widely known as the doyen of Indian hospitality, who has now left behind a huge legacy.
PRS Oberoi, chairman emeritus of The Oberoi Group, passed away on Tuesday morning (November 14), leaving behind a legacy of building luxury hotels in India. PRS Oberoi, popularly known as 'Biki', was credited with placing Oberoi hotels on the map of international luxury travellers with the opening of several luxurious hotels in various cities of the country. He inherited India's first five-star hotel, founded by his father. But how did he build an empire of such luxurious hotels and resorts which made him widely known as the doyen of Indian hospitality?
Stock markets: Amid a rally in global markets on favourable US inflation data, the equity benchmark indices jumped in early trade on Wednesday. The 30-share BSE Sensex jumped 645.08 points to 65,578.95 in early trade. Meanwhile, the Nifty climbed 209.8 points to 19,653.35.

Subrata Roy: A rags-to-riches story of Saharasri

Wednesday 15 November 2023 08:36 AM UTC+00
Subrata Roy, the Indian billionaire and founder of business conglomerate Sahara Group, died at the age of 75 at the Kokilaben Dhirubhai Ambani Hospital in Mumbai on Tuesday after a prolonged illness. A prominent figure in the Indian business landscape, Roy's empire extended to multiple sectors, including real estate, entertainment and retail.
The Reserve Bank on Wednesday directed Bajaj Finance to stop sanction and disbursal of loans under its two lending products -- eCOM and Insta EMI Card with immediate effect due to the non-adherence of the company to the extant provisions of digital lending guidelines.
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