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IndiaTV Business: Google News Feed: Digest for November 25, 2023

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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.
Stock markets: Aided by the buying in index major Reliance Industries, equity benchmark indices climbed in early trade on Wednesday. Gains were however restricted amid unabated foreign fund outflows from the equity markets and mixed trends in global markets. The 30-share BSE Sensex climbed 74.43 points to 66,005.20 in early trade. The Nifty went up by 26.15 points to 19,809.55.
Business news: Confederation of All India Traders (CAIT) has said that it is expecting an expenditure of Rs 4.74 lakh crore in the upcoming wedding season starting from November 23 to December 15, which is likely to record nearly 38 lakh marriages. The expenditures related to wedding purchases and procurement of various services by consumers this season are almost Rs 1 lakh crore more than the year-ago period, the traders' body said on Tuesday (November 21).
The textile industry is one of the largest sources of employment generation in the country. According to PIB data, the industry employs over 4.5 crore people directly, including a large number of women and rural populations. The government has taken a number of measures, including the production-linked incentive (PLI) scheme, to boost the textile sector and generate employment as a whole. The government is likely to tweak the PLI scheme to make it more attractive and bolster manufacturing in the labour-intensive sector.
Equity benchmark indices climbed in early trade on Thursday amid positive global cues. The 30-share BSE Sensex advanced 182.62 points to 66,205.86 in early trade, extending its previous day's gain. The Nifty climbed 54.35 points to 19,866.20.

CNG price hiked across Delhi-NCR from today | Check news rates

Thursday 23 November 2023 07:39 AM UTC+00
CNG price hike: The price of compressed natural gas (CNG) in Delhi-NCR has risen by Rs 1 per kg from today (November 23). The Indraprastha Gas Limited (IGL) has officially announced the price hike in Delhi, Noida, Greater Noida, and Ghaziabad. Consequently, commuters will now incur higher costs for CNG usage. 
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said there was a need to build awareness among people on cyber frauds and take the reins of technology in our hands to stop scamsters from gaming the system.
In a day marked by heightened volatility and the absence of immediate market triggers, the equity benchmark indices, Sensex and Nifty, concluded almost unchanged on Thursday. The 30-share BSE Sensex showed a marginal decline of 5.43 points, or 0.01%, settling at 66,017.81. Throughout the trading day, it oscillated between a high of 66,235.24 and a low of 65,980.50. Similarly, the Nifty exhibited a modest dip of 9.85 points, or 0.05%, settling at 19,802.
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.
Stock markets: Aided by the buying in index major Reliance Industries, equity benchmark indices climbed in early trade on Wednesday. Gains were however restricted amid unabated foreign fund outflows from the equity markets and mixed trends in global markets. The 30-share BSE Sensex climbed 74.43 points to 66,005.20 in early trade. The Nifty went up by 26.15 points to 19,809.55.
Business news: Confederation of All India Traders (CAIT) has said that it is expecting an expenditure of Rs 4.74 lakh crore in the upcoming wedding season starting from November 23 to December 15, which is likely to record nearly 38 lakh marriages. The expenditures related to wedding purchases and procurement of various services by consumers this season are almost Rs 1 lakh crore more than the year-ago period, the traders' body said on Tuesday (November 21).
The textile industry is one of the largest sources of employment generation in the country. According to PIB data, the industry employs over 4.5 crore people directly, including a large number of women and rural populations. The government has taken a number of measures, including the production-linked incentive (PLI) scheme, to boost the textile sector and generate employment as a whole. The government is likely to tweak the PLI scheme to make it more attractive and bolster manufacturing in the labour-intensive sector.
Equity benchmark indices climbed in early trade on Thursday amid positive global cues. The 30-share BSE Sensex advanced 182.62 points to 66,205.86 in early trade, extending its previous day's gain. The Nifty climbed 54.35 points to 19,866.20.

CNG price hiked across Delhi-NCR from today | Check news rates

Thursday 23 November 2023 07:39 AM UTC+00
CNG price hike: The price of compressed natural gas (CNG) in Delhi-NCR has risen by Rs 1 per kg from today (November 23). The Indraprastha Gas Limited (IGL) has officially announced the price hike in Delhi, Noida, Greater Noida, and Ghaziabad. Consequently, commuters will now incur higher costs for CNG usage. 
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said there was a need to build awareness among people on cyber frauds and take the reins of technology in our hands to stop scamsters from gaming the system.
In a day marked by heightened volatility and the absence of immediate market triggers, the equity benchmark indices, Sensex and Nifty, concluded almost unchanged on Thursday. The 30-share BSE Sensex showed a marginal decline of 5.43 points, or 0.01%, settling at 66,017.81. Throughout the trading day, it oscillated between a high of 66,235.24 and a low of 65,980.50. Similarly, the Nifty exhibited a modest dip of 9.85 points, or 0.05%, settling at 19,802.
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.
Stock markets: Aided by the buying in index major Reliance Industries, equity benchmark indices climbed in early trade on Wednesday. Gains were however restricted amid unabated foreign fund outflows from the equity markets and mixed trends in global markets. The 30-share BSE Sensex climbed 74.43 points to 66,005.20 in early trade. The Nifty went up by 26.15 points to 19,809.55.
Business news: Confederation of All India Traders (CAIT) has said that it is expecting an expenditure of Rs 4.74 lakh crore in the upcoming wedding season starting from November 23 to December 15, which is likely to record nearly 38 lakh marriages. The expenditures related to wedding purchases and procurement of various services by consumers this season are almost Rs 1 lakh crore more than the year-ago period, the traders' body said on Tuesday (November 21).
The textile industry is one of the largest sources of employment generation in the country. According to PIB data, the industry employs over 4.5 crore people directly, including a large number of women and rural populations. The government has taken a number of measures, including the production-linked incentive (PLI) scheme, to boost the textile sector and generate employment as a whole. The government is likely to tweak the PLI scheme to make it more attractive and bolster manufacturing in the labour-intensive sector.
Equity benchmark indices climbed in early trade on Thursday amid positive global cues. The 30-share BSE Sensex advanced 182.62 points to 66,205.86 in early trade, extending its previous day's gain. The Nifty climbed 54.35 points to 19,866.20.

CNG price hiked across Delhi-NCR from today | Check news rates

Thursday 23 November 2023 07:39 AM UTC+00
CNG price hike: The price of compressed natural gas (CNG) in Delhi-NCR has risen by Rs 1 per kg from today (November 23). The Indraprastha Gas Limited (IGL) has officially announced the price hike in Delhi, Noida, Greater Noida, and Ghaziabad. Consequently, commuters will now incur higher costs for CNG usage. 
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said there was a need to build awareness among people on cyber frauds and take the reins of technology in our hands to stop scamsters from gaming the system.
In a day marked by heightened volatility and the absence of immediate market triggers, the equity benchmark indices, Sensex and Nifty, concluded almost unchanged on Thursday. The 30-share BSE Sensex showed a marginal decline of 5.43 points, or 0.01%, settling at 66,017.81. Throughout the trading day, it oscillated between a high of 66,235.24 and a low of 65,980.50. Similarly, the Nifty exhibited a modest dip of 9.85 points, or 0.05%, settling at 19,802.
Stock markets update: Equity benchmark indices witnessed growth on Friday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 67.71 points to 66,085.52 in early trade. The Nifty climbed 28.9 points to 19,830.90 points. 
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.
Stock markets: Aided by the buying in index major Reliance Industries, equity benchmark indices climbed in early trade on Wednesday. Gains were however restricted amid unabated foreign fund outflows from the equity markets and mixed trends in global markets. The 30-share BSE Sensex climbed 74.43 points to 66,005.20 in early trade. The Nifty went up by 26.15 points to 19,809.55.
Business news: Confederation of All India Traders (CAIT) has said that it is expecting an expenditure of Rs 4.74 lakh crore in the upcoming wedding season starting from November 23 to December 15, which is likely to record nearly 38 lakh marriages. The expenditures related to wedding purchases and procurement of various services by consumers this season are almost Rs 1 lakh crore more than the year-ago period, the traders' body said on Tuesday (November 21).
The textile industry is one of the largest sources of employment generation in the country. According to PIB data, the industry employs over 4.5 crore people directly, including a large number of women and rural populations. The government has taken a number of measures, including the production-linked incentive (PLI) scheme, to boost the textile sector and generate employment as a whole. The government is likely to tweak the PLI scheme to make it more attractive and bolster manufacturing in the labour-intensive sector.
Equity benchmark indices climbed in early trade on Thursday amid positive global cues. The 30-share BSE Sensex advanced 182.62 points to 66,205.86 in early trade, extending its previous day's gain. The Nifty climbed 54.35 points to 19,866.20.

CNG price hiked across Delhi-NCR from today | Check news rates

Thursday 23 November 2023 07:39 AM UTC+00
CNG price hike: The price of compressed natural gas (CNG) in Delhi-NCR has risen by Rs 1 per kg from today (November 23). The Indraprastha Gas Limited (IGL) has officially announced the price hike in Delhi, Noida, Greater Noida, and Ghaziabad. Consequently, commuters will now incur higher costs for CNG usage. 
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said there was a need to build awareness among people on cyber frauds and take the reins of technology in our hands to stop scamsters from gaming the system.
In a day marked by heightened volatility and the absence of immediate market triggers, the equity benchmark indices, Sensex and Nifty, concluded almost unchanged on Thursday. The 30-share BSE Sensex showed a marginal decline of 5.43 points, or 0.01%, settling at 66,017.81. Throughout the trading day, it oscillated between a high of 66,235.24 and a low of 65,980.50. Similarly, the Nifty exhibited a modest dip of 9.85 points, or 0.05%, settling at 19,802.
Stock markets update: Equity benchmark indices witnessed growth on Friday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 67.71 points to 66,085.52 in early trade. The Nifty climbed 28.9 points to 19,830.90 points. 
New Delhi: Maruti Suzuki India on Friday said its board has approved the allotment of over 1.23 crore shares to its parent Suzuki Motor Corporation (SMC) on a preferential basis for the acquisition of a 100 per cent stake in Suzuki Motor Gujarat. The company's board has approved the allotment of 1,23,22,514 shares to SMC having face value of Rs 5 each at a price of Rs 10,420.85 per share, the auto major said in a regulatory filing.
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.
Stock markets: Aided by the buying in index major Reliance Industries, equity benchmark indices climbed in early trade on Wednesday. Gains were however restricted amid unabated foreign fund outflows from the equity markets and mixed trends in global markets. The 30-share BSE Sensex climbed 74.43 points to 66,005.20 in early trade. The Nifty went up by 26.15 points to 19,809.55.
Business news: Confederation of All India Traders (CAIT) has said that it is expecting an expenditure of Rs 4.74 lakh crore in the upcoming wedding season starting from November 23 to December 15, which is likely to record nearly 38 lakh marriages. The expenditures related to wedding purchases and procurement of various services by consumers this season are almost Rs 1 lakh crore more than the year-ago period, the traders' body said on Tuesday (November 21).
The textile industry is one of the largest sources of employment generation in the country. According to PIB data, the industry employs over 4.5 crore people directly, including a large number of women and rural populations. The government has taken a number of measures, including the production-linked incentive (PLI) scheme, to boost the textile sector and generate employment as a whole. The government is likely to tweak the PLI scheme to make it more attractive and bolster manufacturing in the labour-intensive sector.
Equity benchmark indices climbed in early trade on Thursday amid positive global cues. The 30-share BSE Sensex advanced 182.62 points to 66,205.86 in early trade, extending its previous day's gain. The Nifty climbed 54.35 points to 19,866.20.

CNG price hiked across Delhi-NCR from today | Check news rates

Thursday 23 November 2023 07:39 AM UTC+00
CNG price hike: The price of compressed natural gas (CNG) in Delhi-NCR has risen by Rs 1 per kg from today (November 23). The Indraprastha Gas Limited (IGL) has officially announced the price hike in Delhi, Noida, Greater Noida, and Ghaziabad. Consequently, commuters will now incur higher costs for CNG usage. 
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said there was a need to build awareness among people on cyber frauds and take the reins of technology in our hands to stop scamsters from gaming the system.
In a day marked by heightened volatility and the absence of immediate market triggers, the equity benchmark indices, Sensex and Nifty, concluded almost unchanged on Thursday. The 30-share BSE Sensex showed a marginal decline of 5.43 points, or 0.01%, settling at 66,017.81. Throughout the trading day, it oscillated between a high of 66,235.24 and a low of 65,980.50. Similarly, the Nifty exhibited a modest dip of 9.85 points, or 0.05%, settling at 19,802.
Stock markets update: Equity benchmark indices witnessed growth on Friday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 67.71 points to 66,085.52 in early trade. The Nifty climbed 28.9 points to 19,830.90 points. 
New Delhi: Maruti Suzuki India on Friday said its board has approved the allotment of over 1.23 crore shares to its parent Suzuki Motor Corporation (SMC) on a preferential basis for the acquisition of a 100 per cent stake in Suzuki Motor Gujarat. The company's board has approved the allotment of 1,23,22,514 shares to SMC having face value of Rs 5 each at a price of Rs 10,420.85 per share, the auto major said in a regulatory filing.
Stock markets: Aided by the buying in index major Reliance Industries, equity benchmark indices climbed in early trade on Wednesday. Gains were however restricted amid unabated foreign fund outflows from the equity markets and mixed trends in global markets. The 30-share BSE Sensex climbed 74.43 points to 66,005.20 in early trade. The Nifty went up by 26.15 points to 19,809.55.
Business news: Confederation of All India Traders (CAIT) has said that it is expecting an expenditure of Rs 4.74 lakh crore in the upcoming wedding season starting from November 23 to December 15, which is likely to record nearly 38 lakh marriages. The expenditures related to wedding purchases and procurement of various services by consumers this season are almost Rs 1 lakh crore more than the year-ago period, the traders' body said on Tuesday (November 21).
The textile industry is one of the largest sources of employment generation in the country. According to PIB data, the industry employs over 4.5 crore people directly, including a large number of women and rural populations. The government has taken a number of measures, including the production-linked incentive (PLI) scheme, to boost the textile sector and generate employment as a whole. The government is likely to tweak the PLI scheme to make it more attractive and bolster manufacturing in the labour-intensive sector.
Equity benchmark indices climbed in early trade on Thursday amid positive global cues. The 30-share BSE Sensex advanced 182.62 points to 66,205.86 in early trade, extending its previous day's gain. The Nifty climbed 54.35 points to 19,866.20.

CNG price hiked across Delhi-NCR from today | Check news rates

Thursday 23 November 2023 07:39 AM UTC+00
CNG price hike: The price of compressed natural gas (CNG) in Delhi-NCR has risen by Rs 1 per kg from today (November 23). The Indraprastha Gas Limited (IGL) has officially announced the price hike in Delhi, Noida, Greater Noida, and Ghaziabad. Consequently, commuters will now incur higher costs for CNG usage. 
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said there was a need to build awareness among people on cyber frauds and take the reins of technology in our hands to stop scamsters from gaming the system.
In a day marked by heightened volatility and the absence of immediate market triggers, the equity benchmark indices, Sensex and Nifty, concluded almost unchanged on Thursday. The 30-share BSE Sensex showed a marginal decline of 5.43 points, or 0.01%, settling at 66,017.81. Throughout the trading day, it oscillated between a high of 66,235.24 and a low of 65,980.50. Similarly, the Nifty exhibited a modest dip of 9.85 points, or 0.05%, settling at 19,802.
Stock markets update: Equity benchmark indices witnessed growth on Friday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 67.71 points to 66,085.52 in early trade. The Nifty climbed 28.9 points to 19,830.90 points. 
New Delhi: Maruti Suzuki India on Friday said its board has approved the allotment of over 1.23 crore shares to its parent Suzuki Motor Corporation (SMC) on a preferential basis for the acquisition of a 100 per cent stake in Suzuki Motor Gujarat. The company's board has approved the allotment of 1,23,22,514 shares to SMC having face value of Rs 5 each at a price of Rs 10,420.85 per share, the auto major said in a regulatory filing.
India's forex reserves rose by USD 5.077 billion to USD 595.397 billion during the week, the Reserve Bank said on Friday. In the previous reporting week, the kitty declined USD 462 million to USD 590.321 billion.   For the week ended November 17, the foreign currency assets, a major component of the reserves, increased from USD 4.387 billion to USD 526.391 billion, according to the Weekly Statistical Supplement released by the Reserve Bank of India (RBI).
Business news: Confederation of All India Traders (CAIT) has said that it is expecting an expenditure of Rs 4.74 lakh crore in the upcoming wedding season starting from November 23 to December 15, which is likely to record nearly 38 lakh marriages. The expenditures related to wedding purchases and procurement of various services by consumers this season are almost Rs 1 lakh crore more than the year-ago period, the traders' body said on Tuesday (November 21).
The textile industry is one of the largest sources of employment generation in the country. According to PIB data, the industry employs over 4.5 crore people directly, including a large number of women and rural populations. The government has taken a number of measures, including the production-linked incentive (PLI) scheme, to boost the textile sector and generate employment as a whole. The government is likely to tweak the PLI scheme to make it more attractive and bolster manufacturing in the labour-intensive sector.
Equity benchmark indices climbed in early trade on Thursday amid positive global cues. The 30-share BSE Sensex advanced 182.62 points to 66,205.86 in early trade, extending its previous day's gain. The Nifty climbed 54.35 points to 19,866.20.

CNG price hiked across Delhi-NCR from today | Check news rates

Thursday 23 November 2023 07:39 AM UTC+00
CNG price hike: The price of compressed natural gas (CNG) in Delhi-NCR has risen by Rs 1 per kg from today (November 23). The Indraprastha Gas Limited (IGL) has officially announced the price hike in Delhi, Noida, Greater Noida, and Ghaziabad. Consequently, commuters will now incur higher costs for CNG usage. 
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said there was a need to build awareness among people on cyber frauds and take the reins of technology in our hands to stop scamsters from gaming the system.
In a day marked by heightened volatility and the absence of immediate market triggers, the equity benchmark indices, Sensex and Nifty, concluded almost unchanged on Thursday. The 30-share BSE Sensex showed a marginal decline of 5.43 points, or 0.01%, settling at 66,017.81. Throughout the trading day, it oscillated between a high of 66,235.24 and a low of 65,980.50. Similarly, the Nifty exhibited a modest dip of 9.85 points, or 0.05%, settling at 19,802.
Stock markets update: Equity benchmark indices witnessed growth on Friday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 67.71 points to 66,085.52 in early trade. The Nifty climbed 28.9 points to 19,830.90 points. 
New Delhi: Maruti Suzuki India on Friday said its board has approved the allotment of over 1.23 crore shares to its parent Suzuki Motor Corporation (SMC) on a preferential basis for the acquisition of a 100 per cent stake in Suzuki Motor Gujarat. The company's board has approved the allotment of 1,23,22,514 shares to SMC having face value of Rs 5 each at a price of Rs 10,420.85 per share, the auto major said in a regulatory filing.
India's forex reserves rose by USD 5.077 billion to USD 595.397 billion during the week, the Reserve Bank said on Friday. In the previous reporting week, the kitty declined USD 462 million to USD 590.321 billion.   For the week ended November 17, the foreign currency assets, a major component of the reserves, increased from USD 4.387 billion to USD 526.391 billion, according to the Weekly Statistical Supplement released by the Reserve Bank of India (RBI).
A statutory regulator like SEBI cannot be asked to take as "gospel truth" something published in media, the Supreme Court observed on Friday while hearing arguments on the pleas concerning the Adani-Hindenburg row.
Business news: Confederation of All India Traders (CAIT) has said that it is expecting an expenditure of Rs 4.74 lakh crore in the upcoming wedding season starting from November 23 to December 15, which is likely to record nearly 38 lakh marriages. The expenditures related to wedding purchases and procurement of various services by consumers this season are almost Rs 1 lakh crore more than the year-ago period, the traders' body said on Tuesday (November 21).
The textile industry is one of the largest sources of employment generation in the country. According to PIB data, the industry employs over 4.5 crore people directly, including a large number of women and rural populations. The government has taken a number of measures, including the production-linked incentive (PLI) scheme, to boost the textile sector and generate employment as a whole. The government is likely to tweak the PLI scheme to make it more attractive and bolster manufacturing in the labour-intensive sector.
Equity benchmark indices climbed in early trade on Thursday amid positive global cues. The 30-share BSE Sensex advanced 182.62 points to 66,205.86 in early trade, extending its previous day's gain. The Nifty climbed 54.35 points to 19,866.20.

CNG price hiked across Delhi-NCR from today | Check news rates

Thursday 23 November 2023 07:39 AM UTC+00
CNG price hike: The price of compressed natural gas (CNG) in Delhi-NCR has risen by Rs 1 per kg from today (November 23). The Indraprastha Gas Limited (IGL) has officially announced the price hike in Delhi, Noida, Greater Noida, and Ghaziabad. Consequently, commuters will now incur higher costs for CNG usage. 
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said there was a need to build awareness among people on cyber frauds and take the reins of technology in our hands to stop scamsters from gaming the system.
In a day marked by heightened volatility and the absence of immediate market triggers, the equity benchmark indices, Sensex and Nifty, concluded almost unchanged on Thursday. The 30-share BSE Sensex showed a marginal decline of 5.43 points, or 0.01%, settling at 66,017.81. Throughout the trading day, it oscillated between a high of 66,235.24 and a low of 65,980.50. Similarly, the Nifty exhibited a modest dip of 9.85 points, or 0.05%, settling at 19,802.
Stock markets update: Equity benchmark indices witnessed growth on Friday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 67.71 points to 66,085.52 in early trade. The Nifty climbed 28.9 points to 19,830.90 points. 
New Delhi: Maruti Suzuki India on Friday said its board has approved the allotment of over 1.23 crore shares to its parent Suzuki Motor Corporation (SMC) on a preferential basis for the acquisition of a 100 per cent stake in Suzuki Motor Gujarat. The company's board has approved the allotment of 1,23,22,514 shares to SMC having face value of Rs 5 each at a price of Rs 10,420.85 per share, the auto major said in a regulatory filing.
India's forex reserves rose by USD 5.077 billion to USD 595.397 billion during the week, the Reserve Bank said on Friday. In the previous reporting week, the kitty declined USD 462 million to USD 590.321 billion.   For the week ended November 17, the foreign currency assets, a major component of the reserves, increased from USD 4.387 billion to USD 526.391 billion, according to the Weekly Statistical Supplement released by the Reserve Bank of India (RBI).
A statutory regulator like SEBI cannot be asked to take as "gospel truth" something published in media, the Supreme Court observed on Friday while hearing arguments on the pleas concerning the Adani-Hindenburg row.
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