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IndiaTV Business: Google News Feed: Digest for November 10, 2023

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Indian stock markets experienced a day of mixed results as they closed with minor cuts. The BSE Sensex dipped by 16 points to settle at 64,942, while the Nifty 50 saw a decrease of 5 points, concluding at 19,407. In contrast, the broader markets exhibited resilience, closing with minor gains and outperforming the benchmark indices. The Nifty Bank observed a rise of 119 points, settling at 43,738, and the Midcap Index added 113 points to reach 40,050.
The office-sharing company, WeWork, has filed for Chapter 11 bankruptcy protection, a stunning fall of the organisation once seen as a Wall Street darling that promised to upend the way people went to work around the world.
The gems and jewellery industry has become one of the largest businesses in the country. It plays an important role in driving the economy. As per statistical data, the industry contributes more than 7 per cent to the GDP. The industry also brings in a huge amount of foreign exchange and provides jobs to nearly 50 lakh people in both organised and unorganised sectors.
The month of September saw significant growth in the coal sector due to a rise in production of the fossil fuels. According to government data, production of coal in the month increased to 67.27 million tons (MT), against 58.04 MT in the year-ago period. As per the index of eight core industries released by the Ministry of Commerce & Industries, the index of the coal sector showed a year-on-year growth of 16.1 per cent to 148.1 points. This was the highest growth in the last 14 months except for August 2023, the Coal Ministry said in a statement.
Stock markets update: Equity benchmark indices witnessed growth on Wednesday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 181.6 points to 65,124 in early trade. The Nifty climbed 49 points to 19,455.70 points. 
Adani Group: The US International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt. Ltd. (CWIT)- a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority- to the tune of USD 553 million. 
The chairman of Adani Group, Gautam Adani today (November 8) shared about his recent meeting with the Bhutan King Jigme Khesar Namgyel Wangchuck on the social media platform X (formerly known as Twitter).

Sensex, Nifty reach new highs amidst positive market sentiment

Wednesday 08 November 2023 10:19 AM UTC+00
The stock market continues its impressive run as the benchmark indices, Sensex and Nifty, reached new all-time highs on Wednesday. The Sensex climbed 33.21 points to close at 64,975.61, while the Nifty was up by 36.80 points, settling at 19,443.50. One significant factor is the robust corporate earnings season. Several major companies have reported better-than-expected results, boosting overall market sentiment. Positive earnings reports have provided a strong foundation for investors to remain bullish on Indian equities.
Ujjwala Yojana: There is good news for the beneficiaries of Pradhan Mantri Ujjwala Yojana ahead of Diwali. According to media reports, they would get more subidies on the LPG cylinders. The sources said the government is preparing to provide relief to the beneficiaries of the scheme (Ujjwala Yojana) before the Lok Sabha elections next year and amidst festival season.
Banks' advances to Non-Banking Financial Companies (NBFCs) in the second quarter continued to grow at a robust pace. The credit exposure of banks to NBFCs stood at Rs 14.2 lakh crore in the September 2023 quarter, indicating a 26.3 per cent year-on-year growth.
The office-sharing company, WeWork, has filed for Chapter 11 bankruptcy protection, a stunning fall of the organisation once seen as a Wall Street darling that promised to upend the way people went to work around the world.
The gems and jewellery industry has become one of the largest businesses in the country. It plays an important role in driving the economy. As per statistical data, the industry contributes more than 7 per cent to the GDP. The industry also brings in a huge amount of foreign exchange and provides jobs to nearly 50 lakh people in both organised and unorganised sectors.
The month of September saw significant growth in the coal sector due to a rise in production of the fossil fuels. According to government data, production of coal in the month increased to 67.27 million tons (MT), against 58.04 MT in the year-ago period. As per the index of eight core industries released by the Ministry of Commerce & Industries, the index of the coal sector showed a year-on-year growth of 16.1 per cent to 148.1 points. This was the highest growth in the last 14 months except for August 2023, the Coal Ministry said in a statement.
Stock markets update: Equity benchmark indices witnessed growth on Wednesday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 181.6 points to 65,124 in early trade. The Nifty climbed 49 points to 19,455.70 points. 
Adani Group: The US International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt. Ltd. (CWIT)- a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority- to the tune of USD 553 million. 
The chairman of Adani Group, Gautam Adani today (November 8) shared about his recent meeting with the Bhutan King Jigme Khesar Namgyel Wangchuck on the social media platform X (formerly known as Twitter).

Sensex, Nifty reach new highs amidst positive market sentiment

Wednesday 08 November 2023 10:19 AM UTC+00
The stock market continues its impressive run as the benchmark indices, Sensex and Nifty, reached new all-time highs on Wednesday. The Sensex climbed 33.21 points to close at 64,975.61, while the Nifty was up by 36.80 points, settling at 19,443.50. One significant factor is the robust corporate earnings season. Several major companies have reported better-than-expected results, boosting overall market sentiment. Positive earnings reports have provided a strong foundation for investors to remain bullish on Indian equities.
Ujjwala Yojana: There is good news for the beneficiaries of Pradhan Mantri Ujjwala Yojana ahead of Diwali. According to media reports, they would get more subidies on the LPG cylinders. The sources said the government is preparing to provide relief to the beneficiaries of the scheme (Ujjwala Yojana) before the Lok Sabha elections next year and amidst festival season.
Banks' advances to Non-Banking Financial Companies (NBFCs) in the second quarter continued to grow at a robust pace. The credit exposure of banks to NBFCs stood at Rs 14.2 lakh crore in the September 2023 quarter, indicating a 26.3 per cent year-on-year growth.
Business news: As Indian markets scaled new highs this financial year, the market capitalisation (m-cap) of 11 companies crossed the Rs 1 trillion-mark over the past seven months, joining the club with 46 others, says a report of The Financial Express.
Stock markets update: Equity benchmark indices witnessed growth on Wednesday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 181.6 points to 65,124 in early trade. The Nifty climbed 49 points to 19,455.70 points. 
Adani Group: The US International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt. Ltd. (CWIT)- a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority- to the tune of USD 553 million. 
The chairman of Adani Group, Gautam Adani today (November 8) shared about his recent meeting with the Bhutan King Jigme Khesar Namgyel Wangchuck on the social media platform X (formerly known as Twitter).

Sensex, Nifty reach new highs amidst positive market sentiment

Wednesday 08 November 2023 10:19 AM UTC+00
The stock market continues its impressive run as the benchmark indices, Sensex and Nifty, reached new all-time highs on Wednesday. The Sensex climbed 33.21 points to close at 64,975.61, while the Nifty was up by 36.80 points, settling at 19,443.50. One significant factor is the robust corporate earnings season. Several major companies have reported better-than-expected results, boosting overall market sentiment. Positive earnings reports have provided a strong foundation for investors to remain bullish on Indian equities.
Ujjwala Yojana: There is good news for the beneficiaries of Pradhan Mantri Ujjwala Yojana ahead of Diwali. According to media reports, they would get more subidies on the LPG cylinders. The sources said the government is preparing to provide relief to the beneficiaries of the scheme (Ujjwala Yojana) before the Lok Sabha elections next year and amidst festival season.
Banks' advances to Non-Banking Financial Companies (NBFCs) in the second quarter continued to grow at a robust pace. The credit exposure of banks to NBFCs stood at Rs 14.2 lakh crore in the September 2023 quarter, indicating a 26.3 per cent year-on-year growth.
Business news: As Indian markets scaled new highs this financial year, the market capitalisation (m-cap) of 11 companies crossed the Rs 1 trillion-mark over the past seven months, joining the club with 46 others, says a report of The Financial Express.
Amazon layoffs: Amazon.com Inc. has begun cutting jobs in its Music division including its audio streaming platform and digital music storefront, as part of CEO Andy Jassy's efforts to cut costs across the company. It is still not clear how many jobs have been eliminated, however, employees in various countries received notices of layoffs on Wednesday. 
Business news: Capital markets regulator Securities and Exchange Board of India (SEBI) on Wednesday (November 8) came out with detailed procedures for dealing with unclaimed funds of investors lying with entities having listed non-convertible securities, REITs and InvITs.
New Delhi: The Central government directed online travel platforms to process pending refunds to customers related to air ticket bookings during the COVID-19 pandemic lockdown period by the third week of November.
Stock markets update: Equity benchmark indices witnessed growth on Wednesday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 181.6 points to 65,124 in early trade. The Nifty climbed 49 points to 19,455.70 points. 
Adani Group: The US International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt. Ltd. (CWIT)- a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority- to the tune of USD 553 million. 
The chairman of Adani Group, Gautam Adani today (November 8) shared about his recent meeting with the Bhutan King Jigme Khesar Namgyel Wangchuck on the social media platform X (formerly known as Twitter).

Sensex, Nifty reach new highs amidst positive market sentiment

Wednesday 08 November 2023 10:19 AM UTC+00
The stock market continues its impressive run as the benchmark indices, Sensex and Nifty, reached new all-time highs on Wednesday. The Sensex climbed 33.21 points to close at 64,975.61, while the Nifty was up by 36.80 points, settling at 19,443.50. One significant factor is the robust corporate earnings season. Several major companies have reported better-than-expected results, boosting overall market sentiment. Positive earnings reports have provided a strong foundation for investors to remain bullish on Indian equities.
Ujjwala Yojana: There is good news for the beneficiaries of Pradhan Mantri Ujjwala Yojana ahead of Diwali. According to media reports, they would get more subidies on the LPG cylinders. The sources said the government is preparing to provide relief to the beneficiaries of the scheme (Ujjwala Yojana) before the Lok Sabha elections next year and amidst festival season.
Banks' advances to Non-Banking Financial Companies (NBFCs) in the second quarter continued to grow at a robust pace. The credit exposure of banks to NBFCs stood at Rs 14.2 lakh crore in the September 2023 quarter, indicating a 26.3 per cent year-on-year growth.
Business news: As Indian markets scaled new highs this financial year, the market capitalisation (m-cap) of 11 companies crossed the Rs 1 trillion-mark over the past seven months, joining the club with 46 others, says a report of The Financial Express.
Amazon layoffs: Amazon.com Inc. has begun cutting jobs in its Music division including its audio streaming platform and digital music storefront, as part of CEO Andy Jassy's efforts to cut costs across the company. It is still not clear how many jobs have been eliminated, however, employees in various countries received notices of layoffs on Wednesday. 
Business news: Capital markets regulator Securities and Exchange Board of India (SEBI) on Wednesday (November 8) came out with detailed procedures for dealing with unclaimed funds of investors lying with entities having listed non-convertible securities, REITs and InvITs.
New Delhi: The Central government directed online travel platforms to process pending refunds to customers related to air ticket bookings during the COVID-19 pandemic lockdown period by the third week of November.
Adani Group: The US International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt. Ltd. (CWIT)- a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority- to the tune of USD 553 million. 
The chairman of Adani Group, Gautam Adani today (November 8) shared about his recent meeting with the Bhutan King Jigme Khesar Namgyel Wangchuck on the social media platform X (formerly known as Twitter).

Sensex, Nifty reach new highs amidst positive market sentiment

Wednesday 08 November 2023 10:19 AM UTC+00
The stock market continues its impressive run as the benchmark indices, Sensex and Nifty, reached new all-time highs on Wednesday. The Sensex climbed 33.21 points to close at 64,975.61, while the Nifty was up by 36.80 points, settling at 19,443.50. One significant factor is the robust corporate earnings season. Several major companies have reported better-than-expected results, boosting overall market sentiment. Positive earnings reports have provided a strong foundation for investors to remain bullish on Indian equities.
Ujjwala Yojana: There is good news for the beneficiaries of Pradhan Mantri Ujjwala Yojana ahead of Diwali. According to media reports, they would get more subidies on the LPG cylinders. The sources said the government is preparing to provide relief to the beneficiaries of the scheme (Ujjwala Yojana) before the Lok Sabha elections next year and amidst festival season.
Banks' advances to Non-Banking Financial Companies (NBFCs) in the second quarter continued to grow at a robust pace. The credit exposure of banks to NBFCs stood at Rs 14.2 lakh crore in the September 2023 quarter, indicating a 26.3 per cent year-on-year growth.
Business news: As Indian markets scaled new highs this financial year, the market capitalisation (m-cap) of 11 companies crossed the Rs 1 trillion-mark over the past seven months, joining the club with 46 others, says a report of The Financial Express.
Amazon layoffs: Amazon.com Inc. has begun cutting jobs in its Music division including its audio streaming platform and digital music storefront, as part of CEO Andy Jassy's efforts to cut costs across the company. It is still not clear how many jobs have been eliminated, however, employees in various countries received notices of layoffs on Wednesday. 
Business news: Capital markets regulator Securities and Exchange Board of India (SEBI) on Wednesday (November 8) came out with detailed procedures for dealing with unclaimed funds of investors lying with entities having listed non-convertible securities, REITs and InvITs.
New Delhi: The Central government directed online travel platforms to process pending refunds to customers related to air ticket bookings during the COVID-19 pandemic lockdown period by the third week of November.

Market ends flat with minor cuts as Adani Enterprises, HUL drag

Thursday 09 November 2023 10:46 AM UTC+00
 
Adani Group: The US International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt. Ltd. (CWIT)- a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority- to the tune of USD 553 million. 
The chairman of Adani Group, Gautam Adani today (November 8) shared about his recent meeting with the Bhutan King Jigme Khesar Namgyel Wangchuck on the social media platform X (formerly known as Twitter).

Sensex, Nifty reach new highs amidst positive market sentiment

Wednesday 08 November 2023 10:19 AM UTC+00
The stock market continues its impressive run as the benchmark indices, Sensex and Nifty, reached new all-time highs on Wednesday. The Sensex climbed 33.21 points to close at 64,975.61, while the Nifty was up by 36.80 points, settling at 19,443.50. One significant factor is the robust corporate earnings season. Several major companies have reported better-than-expected results, boosting overall market sentiment. Positive earnings reports have provided a strong foundation for investors to remain bullish on Indian equities.
Ujjwala Yojana: There is good news for the beneficiaries of Pradhan Mantri Ujjwala Yojana ahead of Diwali. According to media reports, they would get more subidies on the LPG cylinders. The sources said the government is preparing to provide relief to the beneficiaries of the scheme (Ujjwala Yojana) before the Lok Sabha elections next year and amidst festival season.
Banks' advances to Non-Banking Financial Companies (NBFCs) in the second quarter continued to grow at a robust pace. The credit exposure of banks to NBFCs stood at Rs 14.2 lakh crore in the September 2023 quarter, indicating a 26.3 per cent year-on-year growth.
Business news: As Indian markets scaled new highs this financial year, the market capitalisation (m-cap) of 11 companies crossed the Rs 1 trillion-mark over the past seven months, joining the club with 46 others, says a report of The Financial Express.
Amazon layoffs: Amazon.com Inc. has begun cutting jobs in its Music division including its audio streaming platform and digital music storefront, as part of CEO Andy Jassy's efforts to cut costs across the company. It is still not clear how many jobs have been eliminated, however, employees in various countries received notices of layoffs on Wednesday. 
Business news: Capital markets regulator Securities and Exchange Board of India (SEBI) on Wednesday (November 8) came out with detailed procedures for dealing with unclaimed funds of investors lying with entities having listed non-convertible securities, REITs and InvITs.
New Delhi: The Central government directed online travel platforms to process pending refunds to customers related to air ticket bookings during the COVID-19 pandemic lockdown period by the third week of November.

Market ends flat with minor cuts as Adani Enterprises, HUL drag

Thursday 09 November 2023 10:46 AM UTC+00
 
Ujjwala Yojana: There is good news for the beneficiaries of Pradhan Mantri Ujjwala Yojana ahead of Diwali. According to media reports, they would get more subidies on the LPG cylinders. The sources said the government is preparing to provide relief to the beneficiaries of the scheme (Ujjwala Yojana) before the Lok Sabha elections next year and amidst festival season.
Banks' advances to Non-Banking Financial Companies (NBFCs) in the second quarter continued to grow at a robust pace. The credit exposure of banks to NBFCs stood at Rs 14.2 lakh crore in the September 2023 quarter, indicating a 26.3 per cent year-on-year growth.
Business news: As Indian markets scaled new highs this financial year, the market capitalisation (m-cap) of 11 companies crossed the Rs 1 trillion-mark over the past seven months, joining the club with 46 others, says a report of The Financial Express.
Amazon layoffs: Amazon.com Inc. has begun cutting jobs in its Music division including its audio streaming platform and digital music storefront, as part of CEO Andy Jassy's efforts to cut costs across the company. It is still not clear how many jobs have been eliminated, however, employees in various countries received notices of layoffs on Wednesday. 
Business news: Capital markets regulator Securities and Exchange Board of India (SEBI) on Wednesday (November 8) came out with detailed procedures for dealing with unclaimed funds of investors lying with entities having listed non-convertible securities, REITs and InvITs.
New Delhi: The Central government directed online travel platforms to process pending refunds to customers related to air ticket bookings during the COVID-19 pandemic lockdown period by the third week of November.

Market ends flat with minor cuts as Adani Enterprises, HUL drag

Thursday 09 November 2023 10:46 AM UTC+00
 
Multibagger stock IFL Enterprises has seen a sharp rebound ever since it announced a double bonanza of bonus shares and dividends. Post this, promoters have announced to increase stake by 2 per cent to 9 per cent in the next 4 to 6 quarters. According to a statement on BSE, the multibagger stock has announced that for every ten existing fully paid-up equity shares of Rs 1 each, shareholders will be granted one new bonus equity share. This strategic move aims to reward existing shareholders while also attracting new investors.
The impact of the pandemic on the acceleration of digital transformation is visible. India is at the vanguard of the digital revolution and its financial inclusion journey is an example for other developing countries to look at. As the government continues its work to create a modern digital infrastructure to ensure benefits of the digital revolution reach everyone, it had August this year approved the extension of the Digital India programme with an outlay of Rs 14,903 crore to boost digital initiatives.
The Bombay High Court has ruled in favour of Vodafone Idea Limited, directing the Income Tax department to refund Rs. 1,128 crore paid by the telecom giant for the assessment year 2016-2017. The court deemed the assessment order passed in August this year as "time-barred" and criticised the assessing officer for "laxity and lethargy," causing a substantial loss to the exchequer. The judgment underscored the officer's negligence, stating it has repercussions on the nation's economic stability. 
Ujjwala Yojana: There is good news for the beneficiaries of Pradhan Mantri Ujjwala Yojana ahead of Diwali. According to media reports, they would get more subidies on the LPG cylinders. The sources said the government is preparing to provide relief to the beneficiaries of the scheme (Ujjwala Yojana) before the Lok Sabha elections next year and amidst festival season.
Banks' advances to Non-Banking Financial Companies (NBFCs) in the second quarter continued to grow at a robust pace. The credit exposure of banks to NBFCs stood at Rs 14.2 lakh crore in the September 2023 quarter, indicating a 26.3 per cent year-on-year growth.
Business news: As Indian markets scaled new highs this financial year, the market capitalisation (m-cap) of 11 companies crossed the Rs 1 trillion-mark over the past seven months, joining the club with 46 others, says a report of The Financial Express.
Amazon layoffs: Amazon.com Inc. has begun cutting jobs in its Music division including its audio streaming platform and digital music storefront, as part of CEO Andy Jassy's efforts to cut costs across the company. It is still not clear how many jobs have been eliminated, however, employees in various countries received notices of layoffs on Wednesday. 
Business news: Capital markets regulator Securities and Exchange Board of India (SEBI) on Wednesday (November 8) came out with detailed procedures for dealing with unclaimed funds of investors lying with entities having listed non-convertible securities, REITs and InvITs.
New Delhi: The Central government directed online travel platforms to process pending refunds to customers related to air ticket bookings during the COVID-19 pandemic lockdown period by the third week of November.

Market ends flat with minor cuts as Adani Enterprises, HUL drag

Thursday 09 November 2023 10:46 AM UTC+00
 
Multibagger stock IFL Enterprises has seen a sharp rebound ever since it announced a double bonanza of bonus shares and dividends. Post this, promoters have announced to increase stake by 2 per cent to 9 per cent in the next 4 to 6 quarters. According to a statement on BSE, the multibagger stock has announced that for every ten existing fully paid-up equity shares of Rs 1 each, shareholders will be granted one new bonus equity share. This strategic move aims to reward existing shareholders while also attracting new investors.
The impact of the pandemic on the acceleration of digital transformation is visible. India is at the vanguard of the digital revolution and its financial inclusion journey is an example for other developing countries to look at. As the government continues its work to create a modern digital infrastructure to ensure benefits of the digital revolution reach everyone, it had August this year approved the extension of the Digital India programme with an outlay of Rs 14,903 crore to boost digital initiatives.
The Bombay High Court has ruled in favour of Vodafone Idea Limited, directing the Income Tax department to refund Rs. 1,128 crore paid by the telecom giant for the assessment year 2016-2017. The court deemed the assessment order passed in August this year as "time-barred" and criticised the assessing officer for "laxity and lethargy," causing a substantial loss to the exchequer. The judgment underscored the officer's negligence, stating it has repercussions on the nation's economic stability. 
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