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IndiaTV Business: Google News Feed: Digest for November 19, 2023

IndiaTV Business: Google News Feed

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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 Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 168.91 points to 65,507.02 in early trade. The Nifty declined 48.45 points to 19,627 points. 
The Supreme Court's recent order is likely to have a strong impact on the promoters of companies who have not yet paid huge bank dues. After the top court's direction, the risk of loss of personal property of these promoters has increased. It is believed that such promoters will soon start paying the huge dues of banks.
World Cup final 2023: The ICC ODI World Cup final 2023 countdown has reached a fever pitch, especially for cricket enthusiasts eager to witness India's showdown against Australia in the grand finale at the Narendra Modi Stadium in Ahmedabad on November 19 (Sunday).

SBI to launch 'Yono Global' app in Singapore, US soon

Friday 17 November 2023 09:06 AM UTC+00
New Delhi: State Bank of India (SBI) will soon launch its banking mobile app 'Yono Global' in Singapore and the US. The app will provide digitalized remittance and other services to its customers, Vidya Krishnan, Deputy MD (IT), said.

Sensex lowers 187 points, Nifty ends at 19,732

Friday 17 November 2023 11:47 AM UTC+00
In a volatile trade, equity benchmark indices Sensex and Nifty declined on Friday, dragged down by heavy selling pressure in banking, financial and energy stocks amid mixed cues from global markets. However, lower global crude prices and fresh foreign capital inflows helped the indices restrict the losses, as per traders.
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 Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 168.91 points to 65,507.02 in early trade. The Nifty declined 48.45 points to 19,627 points. 
The Supreme Court's recent order is likely to have a strong impact on the promoters of companies who have not yet paid huge bank dues. After the top court's direction, the risk of loss of personal property of these promoters has increased. It is believed that such promoters will soon start paying the huge dues of banks.
World Cup final 2023: The ICC ODI World Cup final 2023 countdown has reached a fever pitch, especially for cricket enthusiasts eager to witness India's showdown against Australia in the grand finale at the Narendra Modi Stadium in Ahmedabad on November 19 (Sunday).

SBI to launch 'Yono Global' app in Singapore, US soon

Friday 17 November 2023 09:06 AM UTC+00
New Delhi: State Bank of India (SBI) will soon launch its banking mobile app 'Yono Global' in Singapore and the US. The app will provide digitalized remittance and other services to its customers, Vidya Krishnan, Deputy MD (IT), said.

Sensex lowers 187 points, Nifty ends at 19,732

Friday 17 November 2023 11:47 AM UTC+00
In a volatile trade, equity benchmark indices Sensex and Nifty declined on Friday, dragged down by heavy selling pressure in banking, financial and energy stocks amid mixed cues from global markets. However, lower global crude prices and fresh foreign capital inflows helped the indices restrict the losses, as per traders.
Amazon is slashing hundreds of jobs in the unit handling its popular voice assistant Alexa as it plows more resources into artificial intelligence. In a note to employees on Friday (November 17), Amazon's vice president of Alexa and Fire TV Daniel Rausch said that the company is eliminating certain roles because it is ditching some initiatives. "As we continue to invent, we're shifting some of our efforts to better align with our business priorities, and what we know matters most to customers - which includes maximising our resources and efforts focused on generative AI," Rausch wrote.
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 Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 168.91 points to 65,507.02 in early trade. The Nifty declined 48.45 points to 19,627 points. 
The Supreme Court's recent order is likely to have a strong impact on the promoters of companies who have not yet paid huge bank dues. After the top court's direction, the risk of loss of personal property of these promoters has increased. It is believed that such promoters will soon start paying the huge dues of banks.
World Cup final 2023: The ICC ODI World Cup final 2023 countdown has reached a fever pitch, especially for cricket enthusiasts eager to witness India's showdown against Australia in the grand finale at the Narendra Modi Stadium in Ahmedabad on November 19 (Sunday).

SBI to launch 'Yono Global' app in Singapore, US soon

Friday 17 November 2023 09:06 AM UTC+00
New Delhi: State Bank of India (SBI) will soon launch its banking mobile app 'Yono Global' in Singapore and the US. The app will provide digitalized remittance and other services to its customers, Vidya Krishnan, Deputy MD (IT), said.

Sensex lowers 187 points, Nifty ends at 19,732

Friday 17 November 2023 11:47 AM UTC+00
In a volatile trade, equity benchmark indices Sensex and Nifty declined on Friday, dragged down by heavy selling pressure in banking, financial and energy stocks amid mixed cues from global markets. However, lower global crude prices and fresh foreign capital inflows helped the indices restrict the losses, as per traders.
Amazon is slashing hundreds of jobs in the unit handling its popular voice assistant Alexa as it plows more resources into artificial intelligence. In a note to employees on Friday (November 17), Amazon's vice president of Alexa and Fire TV Daniel Rausch said that the company is eliminating certain roles because it is ditching some initiatives. "As we continue to invent, we're shifting some of our efforts to better align with our business priorities, and what we know matters most to customers - which includes maximising our resources and efforts focused on generative AI," Rausch wrote.

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 Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 168.91 points to 65,507.02 in early trade. The Nifty declined 48.45 points to 19,627 points. 
The Supreme Court's recent order is likely to have a strong impact on the promoters of companies who have not yet paid huge bank dues. After the top court's direction, the risk of loss of personal property of these promoters has increased. It is believed that such promoters will soon start paying the huge dues of banks.
World Cup final 2023: The ICC ODI World Cup final 2023 countdown has reached a fever pitch, especially for cricket enthusiasts eager to witness India's showdown against Australia in the grand finale at the Narendra Modi Stadium in Ahmedabad on November 19 (Sunday).

SBI to launch 'Yono Global' app in Singapore, US soon

Friday 17 November 2023 09:06 AM UTC+00
New Delhi: State Bank of India (SBI) will soon launch its banking mobile app 'Yono Global' in Singapore and the US. The app will provide digitalized remittance and other services to its customers, Vidya Krishnan, Deputy MD (IT), said.

Sensex lowers 187 points, Nifty ends at 19,732

Friday 17 November 2023 11:47 AM UTC+00
In a volatile trade, equity benchmark indices Sensex and Nifty declined on Friday, dragged down by heavy selling pressure in banking, financial and energy stocks amid mixed cues from global markets. However, lower global crude prices and fresh foreign capital inflows helped the indices restrict the losses, as per traders.
Amazon is slashing hundreds of jobs in the unit handling its popular voice assistant Alexa as it plows more resources into artificial intelligence. In a note to employees on Friday (November 17), Amazon's vice president of Alexa and Fire TV Daniel Rausch said that the company is eliminating certain roles because it is ditching some initiatives. "As we continue to invent, we're shifting some of our efforts to better align with our business priorities, and what we know matters most to customers - which includes maximising our resources and efforts focused on generative AI," Rausch wrote.

RBI clears resolution plan for debt-ridden Reliance Capital

Saturday 18 November 2023 08:47 AM UTC+00
The Reserve Bank on Friday approved the resolution plan for debt-ridden Reliance Capital. The move paves the way for IndusInd International Holdings Ltd (IIHL), the Hinduja Group firm, to acquire the company.

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 Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 168.91 points to 65,507.02 in early trade. The Nifty declined 48.45 points to 19,627 points. 
The Supreme Court's recent order is likely to have a strong impact on the promoters of companies who have not yet paid huge bank dues. After the top court's direction, the risk of loss of personal property of these promoters has increased. It is believed that such promoters will soon start paying the huge dues of banks.
World Cup final 2023: The ICC ODI World Cup final 2023 countdown has reached a fever pitch, especially for cricket enthusiasts eager to witness India's showdown against Australia in the grand finale at the Narendra Modi Stadium in Ahmedabad on November 19 (Sunday).

SBI to launch 'Yono Global' app in Singapore, US soon

Friday 17 November 2023 09:06 AM UTC+00
New Delhi: State Bank of India (SBI) will soon launch its banking mobile app 'Yono Global' in Singapore and the US. The app will provide digitalized remittance and other services to its customers, Vidya Krishnan, Deputy MD (IT), said.

Sensex lowers 187 points, Nifty ends at 19,732

Friday 17 November 2023 11:47 AM UTC+00
In a volatile trade, equity benchmark indices Sensex and Nifty declined on Friday, dragged down by heavy selling pressure in banking, financial and energy stocks amid mixed cues from global markets. However, lower global crude prices and fresh foreign capital inflows helped the indices restrict the losses, as per traders.
Amazon is slashing hundreds of jobs in the unit handling its popular voice assistant Alexa as it plows more resources into artificial intelligence. In a note to employees on Friday (November 17), Amazon's vice president of Alexa and Fire TV Daniel Rausch said that the company is eliminating certain roles because it is ditching some initiatives. "As we continue to invent, we're shifting some of our efforts to better align with our business priorities, and what we know matters most to customers - which includes maximising our resources and efforts focused on generative AI," Rausch wrote.

RBI clears resolution plan for debt-ridden Reliance Capital

Saturday 18 November 2023 08:47 AM UTC+00
The Reserve Bank on Friday approved the resolution plan for debt-ridden Reliance Capital. The move paves the way for IndusInd International Holdings Ltd (IIHL), the Hinduja Group firm, to acquire the company.

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 Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 168.91 points to 65,507.02 in early trade. The Nifty declined 48.45 points to 19,627 points. 
The Supreme Court's recent order is likely to have a strong impact on the promoters of companies who have not yet paid huge bank dues. After the top court's direction, the risk of loss of personal property of these promoters has increased. It is believed that such promoters will soon start paying the huge dues of banks.
World Cup final 2023: The ICC ODI World Cup final 2023 countdown has reached a fever pitch, especially for cricket enthusiasts eager to witness India's showdown against Australia in the grand finale at the Narendra Modi Stadium in Ahmedabad on November 19 (Sunday).

SBI to launch 'Yono Global' app in Singapore, US soon

Friday 17 November 2023 09:06 AM UTC+00
New Delhi: State Bank of India (SBI) will soon launch its banking mobile app 'Yono Global' in Singapore and the US. The app will provide digitalized remittance and other services to its customers, Vidya Krishnan, Deputy MD (IT), said.

Sensex lowers 187 points, Nifty ends at 19,732

Friday 17 November 2023 11:47 AM UTC+00
In a volatile trade, equity benchmark indices Sensex and Nifty declined on Friday, dragged down by heavy selling pressure in banking, financial and energy stocks amid mixed cues from global markets. However, lower global crude prices and fresh foreign capital inflows helped the indices restrict the losses, as per traders.
Amazon is slashing hundreds of jobs in the unit handling its popular voice assistant Alexa as it plows more resources into artificial intelligence. In a note to employees on Friday (November 17), Amazon's vice president of Alexa and Fire TV Daniel Rausch said that the company is eliminating certain roles because it is ditching some initiatives. "As we continue to invent, we're shifting some of our efforts to better align with our business priorities, and what we know matters most to customers - which includes maximising our resources and efforts focused on generative AI," Rausch wrote.

RBI clears resolution plan for debt-ridden Reliance Capital

Saturday 18 November 2023 08:47 AM UTC+00
The Reserve Bank on Friday approved the resolution plan for debt-ridden Reliance Capital. The move paves the way for IndusInd International Holdings Ltd (IIHL), the Hinduja Group firm, to acquire the company.

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 Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 168.91 points to 65,507.02 in early trade. The Nifty declined 48.45 points to 19,627 points. 
The Supreme Court's recent order is likely to have a strong impact on the promoters of companies who have not yet paid huge bank dues. After the top court's direction, the risk of loss of personal property of these promoters has increased. It is believed that such promoters will soon start paying the huge dues of banks.
World Cup final 2023: The ICC ODI World Cup final 2023 countdown has reached a fever pitch, especially for cricket enthusiasts eager to witness India's showdown against Australia in the grand finale at the Narendra Modi Stadium in Ahmedabad on November 19 (Sunday).

SBI to launch 'Yono Global' app in Singapore, US soon

Friday 17 November 2023 09:06 AM UTC+00
New Delhi: State Bank of India (SBI) will soon launch its banking mobile app 'Yono Global' in Singapore and the US. The app will provide digitalized remittance and other services to its customers, Vidya Krishnan, Deputy MD (IT), said.

Sensex lowers 187 points, Nifty ends at 19,732

Friday 17 November 2023 11:47 AM UTC+00
In a volatile trade, equity benchmark indices Sensex and Nifty declined on Friday, dragged down by heavy selling pressure in banking, financial and energy stocks amid mixed cues from global markets. However, lower global crude prices and fresh foreign capital inflows helped the indices restrict the losses, as per traders.
Amazon is slashing hundreds of jobs in the unit handling its popular voice assistant Alexa as it plows more resources into artificial intelligence. In a note to employees on Friday (November 17), Amazon's vice president of Alexa and Fire TV Daniel Rausch said that the company is eliminating certain roles because it is ditching some initiatives. "As we continue to invent, we're shifting some of our efforts to better align with our business priorities, and what we know matters most to customers - which includes maximising our resources and efforts focused on generative AI," Rausch wrote.

RBI clears resolution plan for debt-ridden Reliance Capital

Saturday 18 November 2023 08:47 AM UTC+00
The Reserve Bank on Friday approved the resolution plan for debt-ridden Reliance Capital. The move paves the way for IndusInd International Holdings Ltd (IIHL), the Hinduja Group firm, to acquire the company.

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 Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 168.91 points to 65,507.02 in early trade. The Nifty declined 48.45 points to 19,627 points. 
The Supreme Court's recent order is likely to have a strong impact on the promoters of companies who have not yet paid huge bank dues. After the top court's direction, the risk of loss of personal property of these promoters has increased. It is believed that such promoters will soon start paying the huge dues of banks.
World Cup final 2023: The ICC ODI World Cup final 2023 countdown has reached a fever pitch, especially for cricket enthusiasts eager to witness India's showdown against Australia in the grand finale at the Narendra Modi Stadium in Ahmedabad on November 19 (Sunday).

SBI to launch 'Yono Global' app in Singapore, US soon

Friday 17 November 2023 09:06 AM UTC+00
New Delhi: State Bank of India (SBI) will soon launch its banking mobile app 'Yono Global' in Singapore and the US. The app will provide digitalized remittance and other services to its customers, Vidya Krishnan, Deputy MD (IT), said.

Sensex lowers 187 points, Nifty ends at 19,732

Friday 17 November 2023 11:47 AM UTC+00
In a volatile trade, equity benchmark indices Sensex and Nifty declined on Friday, dragged down by heavy selling pressure in banking, financial and energy stocks amid mixed cues from global markets. However, lower global crude prices and fresh foreign capital inflows helped the indices restrict the losses, as per traders.
Amazon is slashing hundreds of jobs in the unit handling its popular voice assistant Alexa as it plows more resources into artificial intelligence. In a note to employees on Friday (November 17), Amazon's vice president of Alexa and Fire TV Daniel Rausch said that the company is eliminating certain roles because it is ditching some initiatives. "As we continue to invent, we're shifting some of our efforts to better align with our business priorities, and what we know matters most to customers - which includes maximising our resources and efforts focused on generative AI," Rausch wrote.

RBI clears resolution plan for debt-ridden Reliance Capital

Saturday 18 November 2023 08:47 AM UTC+00
The Reserve Bank on Friday approved the resolution plan for debt-ridden Reliance Capital. The move paves the way for IndusInd International Holdings Ltd (IIHL), the Hinduja Group firm, to acquire the company.
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