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IndiaTV Business: Google News Feed: Digest for November 22, 2023

IndiaTV Business: Google News Feed

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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.

Mercedes, Audi see record sales in festive season this year

Sunday 19 November 2023 05:58 AM UTC+00
Luxury carmakers Mercedes and Audi have dispatched record units this festive season as the demand for high-end cars continues to grow in the country.
New Delhi: The Finance Ministry has asked state-owned banks to review systems and processes related to their digital operation in view of the recent UCO Bank incident.
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 97.18 points to 65,697.55 in early trade. The Nifty declined 15.3 points to 19,716.50 points. 
The government is reportedly considering looking into the legality of transferring the unclaimed funds of the Sahara-Sebi Refund Account to the Consolidated Fund of India. It is expected to include a provision for investors who later make their claims, according to a report by The Economic Times. The decision of the government comes after Sahara Group founder Subrata Roy passed away last week. According to the report, there have been very few claimants in nearly a decade since the establishment of the refund account.
The estranged wife of billionaire industrialist Gautam Singhania, Nawaz Modi Singhania, has reportedly demanded 75 per cent of his $1.4 billion net worth as part of the divorce settlement for herself and their two daughters, The Economic Times reported. 

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.

Mercedes, Audi see record sales in festive season this year

Sunday 19 November 2023 05:58 AM UTC+00
Luxury carmakers Mercedes and Audi have dispatched record units this festive season as the demand for high-end cars continues to grow in the country.
New Delhi: The Finance Ministry has asked state-owned banks to review systems and processes related to their digital operation in view of the recent UCO Bank incident.
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 97.18 points to 65,697.55 in early trade. The Nifty declined 15.3 points to 19,716.50 points. 
The government is reportedly considering looking into the legality of transferring the unclaimed funds of the Sahara-Sebi Refund Account to the Consolidated Fund of India. It is expected to include a provision for investors who later make their claims, according to a report by The Economic Times. The decision of the government comes after Sahara Group founder Subrata Roy passed away last week. According to the report, there have been very few claimants in nearly a decade since the establishment of the refund account.
The estranged wife of billionaire industrialist Gautam Singhania, Nawaz Modi Singhania, has reportedly demanded 75 per cent of his $1.4 billion net worth as part of the divorce settlement for herself and their two daughters, The Economic Times reported. 
A member of Prime Minister Narendra Modi's economic advisory team revealed that India could have achieved a GDP target "long before" if not for the habit of importing gold. Mutual fund industry veteran Nilesh Shah, a part-time member of the Economic Advisory Council to the PM (EACPM), said that in the last 21 years, Indians have spent around USD 500 billion on gold imports alone. 

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.

Mercedes, Audi see record sales in festive season this year

Sunday 19 November 2023 05:58 AM UTC+00
Luxury carmakers Mercedes and Audi have dispatched record units this festive season as the demand for high-end cars continues to grow in the country.
New Delhi: The Finance Ministry has asked state-owned banks to review systems and processes related to their digital operation in view of the recent UCO Bank incident.
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 97.18 points to 65,697.55 in early trade. The Nifty declined 15.3 points to 19,716.50 points. 
The government is reportedly considering looking into the legality of transferring the unclaimed funds of the Sahara-Sebi Refund Account to the Consolidated Fund of India. It is expected to include a provision for investors who later make their claims, according to a report by The Economic Times. The decision of the government comes after Sahara Group founder Subrata Roy passed away last week. According to the report, there have been very few claimants in nearly a decade since the establishment of the refund account.
The estranged wife of billionaire industrialist Gautam Singhania, Nawaz Modi Singhania, has reportedly demanded 75 per cent of his $1.4 billion net worth as part of the divorce settlement for herself and their two daughters, The Economic Times reported. 
A member of Prime Minister Narendra Modi's economic advisory team revealed that India could have achieved a GDP target "long before" if not for the habit of importing gold. Mutual fund industry veteran Nilesh Shah, a part-time member of the Economic Advisory Council to the PM (EACPM), said that in the last 21 years, Indians have spent around USD 500 billion on gold imports alone. 
Stock markets update: Equity benchmark indices opened higher in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 268.31 points to 65,923.46. Meanwhile, the Nifty declined was also up by 85.1 points to 19,779.10 points.
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.

Mercedes, Audi see record sales in festive season this year

Sunday 19 November 2023 05:58 AM UTC+00
Luxury carmakers Mercedes and Audi have dispatched record units this festive season as the demand for high-end cars continues to grow in the country.
New Delhi: The Finance Ministry has asked state-owned banks to review systems and processes related to their digital operation in view of the recent UCO Bank incident.
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 97.18 points to 65,697.55 in early trade. The Nifty declined 15.3 points to 19,716.50 points. 
The government is reportedly considering looking into the legality of transferring the unclaimed funds of the Sahara-Sebi Refund Account to the Consolidated Fund of India. It is expected to include a provision for investors who later make their claims, according to a report by The Economic Times. The decision of the government comes after Sahara Group founder Subrata Roy passed away last week. According to the report, there have been very few claimants in nearly a decade since the establishment of the refund account.
The estranged wife of billionaire industrialist Gautam Singhania, Nawaz Modi Singhania, has reportedly demanded 75 per cent of his $1.4 billion net worth as part of the divorce settlement for herself and their two daughters, The Economic Times reported. 
A member of Prime Minister Narendra Modi's economic advisory team revealed that India could have achieved a GDP target "long before" if not for the habit of importing gold. Mutual fund industry veteran Nilesh Shah, a part-time member of the Economic Advisory Council to the PM (EACPM), said that in the last 21 years, Indians have spent around USD 500 billion on gold imports alone. 
Stock markets update: Equity benchmark indices opened higher in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 268.31 points to 65,923.46. Meanwhile, the Nifty declined was also up by 85.1 points to 19,779.10 points.
The Enforcement Directorate (ED) has sent a show-cause notice to Byju, accusing the company of violating the Foreign Exchange Management Act (FEMA) to the tune of Rs 9,000 crore. According to a report by the Economic Times, the notice has been sent to Byju Raveendaran, founder of Byju's, and Think and Learn Pvt Ltd. 

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.

Mercedes, Audi see record sales in festive season this year

Sunday 19 November 2023 05:58 AM UTC+00
Luxury carmakers Mercedes and Audi have dispatched record units this festive season as the demand for high-end cars continues to grow in the country.
New Delhi: The Finance Ministry has asked state-owned banks to review systems and processes related to their digital operation in view of the recent UCO Bank incident.
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 97.18 points to 65,697.55 in early trade. The Nifty declined 15.3 points to 19,716.50 points. 
The government is reportedly considering looking into the legality of transferring the unclaimed funds of the Sahara-Sebi Refund Account to the Consolidated Fund of India. It is expected to include a provision for investors who later make their claims, according to a report by The Economic Times. The decision of the government comes after Sahara Group founder Subrata Roy passed away last week. According to the report, there have been very few claimants in nearly a decade since the establishment of the refund account.
The estranged wife of billionaire industrialist Gautam Singhania, Nawaz Modi Singhania, has reportedly demanded 75 per cent of his $1.4 billion net worth as part of the divorce settlement for herself and their two daughters, The Economic Times reported. 
A member of Prime Minister Narendra Modi's economic advisory team revealed that India could have achieved a GDP target "long before" if not for the habit of importing gold. Mutual fund industry veteran Nilesh Shah, a part-time member of the Economic Advisory Council to the PM (EACPM), said that in the last 21 years, Indians have spent around USD 500 billion on gold imports alone. 
Stock markets update: Equity benchmark indices opened higher in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 268.31 points to 65,923.46. Meanwhile, the Nifty declined was also up by 85.1 points to 19,779.10 points.
The Enforcement Directorate (ED) has sent a show-cause notice to Byju, accusing the company of violating the Foreign Exchange Management Act (FEMA) to the tune of Rs 9,000 crore. According to a report by the Economic Times, the notice has been sent to Byju Raveendaran, founder of Byju's, and Think and Learn Pvt Ltd. 
Reliance Industries chairman and MD Mukesh Ambani has announced that an additional Rs 20,000 crore will be invested in West Bengal in the next three years. The fresh investment will be in the areas of digital life solutions, retail and bio-energy. 

Mercedes, Audi see record sales in festive season this year

Sunday 19 November 2023 05:58 AM UTC+00
Luxury carmakers Mercedes and Audi have dispatched record units this festive season as the demand for high-end cars continues to grow in the country.
New Delhi: The Finance Ministry has asked state-owned banks to review systems and processes related to their digital operation in view of the recent UCO Bank incident.
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 97.18 points to 65,697.55 in early trade. The Nifty declined 15.3 points to 19,716.50 points. 
The government is reportedly considering looking into the legality of transferring the unclaimed funds of the Sahara-Sebi Refund Account to the Consolidated Fund of India. It is expected to include a provision for investors who later make their claims, according to a report by The Economic Times. The decision of the government comes after Sahara Group founder Subrata Roy passed away last week. According to the report, there have been very few claimants in nearly a decade since the establishment of the refund account.
The estranged wife of billionaire industrialist Gautam Singhania, Nawaz Modi Singhania, has reportedly demanded 75 per cent of his $1.4 billion net worth as part of the divorce settlement for herself and their two daughters, The Economic Times reported. 
A member of Prime Minister Narendra Modi's economic advisory team revealed that India could have achieved a GDP target "long before" if not for the habit of importing gold. Mutual fund industry veteran Nilesh Shah, a part-time member of the Economic Advisory Council to the PM (EACPM), said that in the last 21 years, Indians have spent around USD 500 billion on gold imports alone. 
Stock markets update: Equity benchmark indices opened higher in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 268.31 points to 65,923.46. Meanwhile, the Nifty declined was also up by 85.1 points to 19,779.10 points.
The Enforcement Directorate (ED) has sent a show-cause notice to Byju, accusing the company of violating the Foreign Exchange Management Act (FEMA) to the tune of Rs 9,000 crore. According to a report by the Economic Times, the notice has been sent to Byju Raveendaran, founder of Byju's, and Think and Learn Pvt Ltd. 
Reliance Industries chairman and MD Mukesh Ambani has announced that an additional Rs 20,000 crore will be invested in West Bengal in the next three years. The fresh investment will be in the areas of digital life solutions, retail and bio-energy. 
As December approaches, bank customers across India should brace themselves for disruptions in banking services, including a proposed 6-day strike by bank unions, bank holidays, and weekends. While bank branches are expected to be closed on various occasions, digital banking services through mobile and internet platforms will remain operational.

Mercedes, Audi see record sales in festive season this year

Sunday 19 November 2023 05:58 AM UTC+00
Luxury carmakers Mercedes and Audi have dispatched record units this festive season as the demand for high-end cars continues to grow in the country.
New Delhi: The Finance Ministry has asked state-owned banks to review systems and processes related to their digital operation in view of the recent UCO Bank incident.
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 97.18 points to 65,697.55 in early trade. The Nifty declined 15.3 points to 19,716.50 points. 
The government is reportedly considering looking into the legality of transferring the unclaimed funds of the Sahara-Sebi Refund Account to the Consolidated Fund of India. It is expected to include a provision for investors who later make their claims, according to a report by The Economic Times. The decision of the government comes after Sahara Group founder Subrata Roy passed away last week. According to the report, there have been very few claimants in nearly a decade since the establishment of the refund account.
The estranged wife of billionaire industrialist Gautam Singhania, Nawaz Modi Singhania, has reportedly demanded 75 per cent of his $1.4 billion net worth as part of the divorce settlement for herself and their two daughters, The Economic Times reported. 
A member of Prime Minister Narendra Modi's economic advisory team revealed that India could have achieved a GDP target "long before" if not for the habit of importing gold. Mutual fund industry veteran Nilesh Shah, a part-time member of the Economic Advisory Council to the PM (EACPM), said that in the last 21 years, Indians have spent around USD 500 billion on gold imports alone. 
Stock markets update: Equity benchmark indices opened higher in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 268.31 points to 65,923.46. Meanwhile, the Nifty declined was also up by 85.1 points to 19,779.10 points.
The Enforcement Directorate (ED) has sent a show-cause notice to Byju, accusing the company of violating the Foreign Exchange Management Act (FEMA) to the tune of Rs 9,000 crore. According to a report by the Economic Times, the notice has been sent to Byju Raveendaran, founder of Byju's, and Think and Learn Pvt Ltd. 
Reliance Industries chairman and MD Mukesh Ambani has announced that an additional Rs 20,000 crore will be invested in West Bengal in the next three years. The fresh investment will be in the areas of digital life solutions, retail and bio-energy. 
As December approaches, bank customers across India should brace themselves for disruptions in banking services, including a proposed 6-day strike by bank unions, bank holidays, and weekends. While bank branches are expected to be closed on various occasions, digital banking services through mobile and internet platforms will remain operational.

Mercedes, Audi see record sales in festive season this year

Sunday 19 November 2023 05:58 AM UTC+00
Luxury carmakers Mercedes and Audi have dispatched record units this festive season as the demand for high-end cars continues to grow in the country.
New Delhi: The Finance Ministry has asked state-owned banks to review systems and processes related to their digital operation in view of the recent UCO Bank incident.
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 97.18 points to 65,697.55 in early trade. The Nifty declined 15.3 points to 19,716.50 points. 
The government is reportedly considering looking into the legality of transferring the unclaimed funds of the Sahara-Sebi Refund Account to the Consolidated Fund of India. It is expected to include a provision for investors who later make their claims, according to a report by The Economic Times. The decision of the government comes after Sahara Group founder Subrata Roy passed away last week. According to the report, there have been very few claimants in nearly a decade since the establishment of the refund account.
The estranged wife of billionaire industrialist Gautam Singhania, Nawaz Modi Singhania, has reportedly demanded 75 per cent of his $1.4 billion net worth as part of the divorce settlement for herself and their two daughters, The Economic Times reported. 
A member of Prime Minister Narendra Modi's economic advisory team revealed that India could have achieved a GDP target "long before" if not for the habit of importing gold. Mutual fund industry veteran Nilesh Shah, a part-time member of the Economic Advisory Council to the PM (EACPM), said that in the last 21 years, Indians have spent around USD 500 billion on gold imports alone. 
Stock markets update: Equity benchmark indices opened higher in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 268.31 points to 65,923.46. Meanwhile, the Nifty declined was also up by 85.1 points to 19,779.10 points.
The Enforcement Directorate (ED) has sent a show-cause notice to Byju, accusing the company of violating the Foreign Exchange Management Act (FEMA) to the tune of Rs 9,000 crore. According to a report by the Economic Times, the notice has been sent to Byju Raveendaran, founder of Byju's, and Think and Learn Pvt Ltd. 
Reliance Industries chairman and MD Mukesh Ambani has announced that an additional Rs 20,000 crore will be invested in West Bengal in the next three years. The fresh investment will be in the areas of digital life solutions, retail and bio-energy. 
As December approaches, bank customers across India should brace themselves for disruptions in banking services, including a proposed 6-day strike by bank unions, bank holidays, and weekends. While bank branches are expected to be closed on various occasions, digital banking services through mobile and internet platforms will remain operational.
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