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IndiaTV Business: Google News Feed: Digest for December 14, 2023

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India bans export of onions till March 2024 | DETAILS

Friday 08 December 2023 06:47 AM UTC+00
India has banned the export of onions till March 2024, an official notification issued late Thursday evening said. The DGFT notification said the export of onions will, however, be allowed based on the permission granted by the central government to other countries based on their request. Onions are currently priced at around Rs 60 per kg in the retail markets in India. In August, the government had imposed a 40 per cent duty on the exports of onions to control the rise in princess and boost supplies in the domestic market until the year end.
Business news: Benchmark Sensex and Nifty rebounded to close at their new lifetime highs today (December 8) after the Reserve Bank of India (RBI) raised the growth forecast for the current fiscal and kept policy rates unchanged, triggering heavy buying in banking and other rate-sensitive stocks.

Bimal Dayal appointed as CEO of Adani Infra India

Saturday 09 December 2023 09:00 AM UTC+00
Adani Energy Solutions' transmission business chief Bimal Dayal has been appointed as the CEO of Adani Infrastructure India. Dayal will oversee the implementation of the pipeline of infrastructure projects in thermal, renewable energy and green hydrogen by Adani Infrastructure India, Adani Energy Solutions Ltd (AESL) said in a statement on Friday.
Uttarakhand Global Investors Summit: India will become a USD 5 trillion economy by the end of 2025, said Union Home Minister Amit Shah on Saturday. Addressing the valedictory session of the Uttarakhand Global Investors Summit at the Forest Research Institute in Dehradun, Shah said that due to the visionary leadership of Prime Minister Narendra Modi, India has progressed rapidly on every front in the last decade.
Sebi is set to introduce the concept of 'fast track' public issuance for debt securities and further reduce the face value of debt securities issued on a private placement basis to Rs 10,000 from Rs 1 lakh at present in a bid to deepen the bond market. These will include non-convertible debentures. If implemented, the move would also promote ease of doing business.

Jubilant Industries MD and CEO Manu Ahuja passes away

Sunday 10 December 2023 11:33 AM UTC+00
Jubilant Industries' MD and CEO Manu Ahuja passed away on Saturday (December 9), the company said. In a regulatory filing on Sunday (December 10), Jubilant Industries Ltd said, "We regret to inform you of the sudden and sad demise of Manu Ahuja, Managing Director & CEO of the company, on Saturday, December 9, 2023."
In a significant surge, the BSE Sensex and NSE Nifty demonstrated robust performance on Monday, witnessing the Sensex crossing the historic 70,000 mark and the Nifty50 reaching above 21,000 in early trade. At 9:55 am, the BSE Sensex showed an uptick of 117 points, standing at 69,942, while the NSE Nifty50 was trading at 20,994, up 25 points.
In the latest market development, the Sensex exhibited a notable increase of 96.15 points, reaching 70,024.68 points during early trade on Tuesday. Concurrently, the Nifty also experienced a positive surge, rising by 34.4 points to achieve a record level of 21,031.50 points. The equity benchmark, Sensex, not only breached but surpassed the significant milestone of 70,000 points before concluding the session with a 102-point gain. Meanwhile, the Nifty came remarkably close to the 21,000 mark. 

SpiceJet to raise Rs 2,250 crore through equity shares

Tuesday 12 December 2023 09:58 AM UTC+00
SpiceJet on Tuesday (December 12) announced that it will raise fresh capital of Rs 2,250 crore through issuance of equity shares. The board of the airline has okayed the issuance of equity shares/equity warrants under a private placement basis. 
Retail inflation rose up to a three-month high of 5.55 per cent in November this year, driven by higher food prices, according to official data released on Tuesday (December 12). The retail inflation based on the Consumer Price Index (CPI) was at 4.87 per cent in October. Inflation had been declining since August when it touched 6.83 per cent.
Business news: Benchmark Sensex and Nifty rebounded to close at their new lifetime highs today (December 8) after the Reserve Bank of India (RBI) raised the growth forecast for the current fiscal and kept policy rates unchanged, triggering heavy buying in banking and other rate-sensitive stocks.

Bimal Dayal appointed as CEO of Adani Infra India

Saturday 09 December 2023 09:00 AM UTC+00
Adani Energy Solutions' transmission business chief Bimal Dayal has been appointed as the CEO of Adani Infrastructure India. Dayal will oversee the implementation of the pipeline of infrastructure projects in thermal, renewable energy and green hydrogen by Adani Infrastructure India, Adani Energy Solutions Ltd (AESL) said in a statement on Friday.
Uttarakhand Global Investors Summit: India will become a USD 5 trillion economy by the end of 2025, said Union Home Minister Amit Shah on Saturday. Addressing the valedictory session of the Uttarakhand Global Investors Summit at the Forest Research Institute in Dehradun, Shah said that due to the visionary leadership of Prime Minister Narendra Modi, India has progressed rapidly on every front in the last decade.
Sebi is set to introduce the concept of 'fast track' public issuance for debt securities and further reduce the face value of debt securities issued on a private placement basis to Rs 10,000 from Rs 1 lakh at present in a bid to deepen the bond market. These will include non-convertible debentures. If implemented, the move would also promote ease of doing business.

Jubilant Industries MD and CEO Manu Ahuja passes away

Sunday 10 December 2023 11:33 AM UTC+00
Jubilant Industries' MD and CEO Manu Ahuja passed away on Saturday (December 9), the company said. In a regulatory filing on Sunday (December 10), Jubilant Industries Ltd said, "We regret to inform you of the sudden and sad demise of Manu Ahuja, Managing Director & CEO of the company, on Saturday, December 9, 2023."
In a significant surge, the BSE Sensex and NSE Nifty demonstrated robust performance on Monday, witnessing the Sensex crossing the historic 70,000 mark and the Nifty50 reaching above 21,000 in early trade. At 9:55 am, the BSE Sensex showed an uptick of 117 points, standing at 69,942, while the NSE Nifty50 was trading at 20,994, up 25 points.
In the latest market development, the Sensex exhibited a notable increase of 96.15 points, reaching 70,024.68 points during early trade on Tuesday. Concurrently, the Nifty also experienced a positive surge, rising by 34.4 points to achieve a record level of 21,031.50 points. The equity benchmark, Sensex, not only breached but surpassed the significant milestone of 70,000 points before concluding the session with a 102-point gain. Meanwhile, the Nifty came remarkably close to the 21,000 mark. 

SpiceJet to raise Rs 2,250 crore through equity shares

Tuesday 12 December 2023 09:58 AM UTC+00
SpiceJet on Tuesday (December 12) announced that it will raise fresh capital of Rs 2,250 crore through issuance of equity shares. The board of the airline has okayed the issuance of equity shares/equity warrants under a private placement basis. 
Retail inflation rose up to a three-month high of 5.55 per cent in November this year, driven by higher food prices, according to official data released on Tuesday (December 12). The retail inflation based on the Consumer Price Index (CPI) was at 4.87 per cent in October. Inflation had been declining since August when it touched 6.83 per cent.
In the early trade on Wednesday, Indian equity benchmarks faced a downturn, primarily influenced by declines in bank, financial, and information technology (IT) sectors. The 30-share BSE Sensex declined by 0.18%, dropping 123 points to reach 69,428, while the broader NSE Nifty was down 0.11%, shedding 24 points to trade at 20,882. Despite this, mid- and small-cap shares showed positivity, with Nifty Midcap 100 gaining 0.02%, and small-cap climbing 0.15%. The fear index, India VIX, rose by 0.53% to reach the 12.78-level.
Business news: Benchmark Sensex and Nifty rebounded to close at their new lifetime highs today (December 8) after the Reserve Bank of India (RBI) raised the growth forecast for the current fiscal and kept policy rates unchanged, triggering heavy buying in banking and other rate-sensitive stocks.

Bimal Dayal appointed as CEO of Adani Infra India

Saturday 09 December 2023 09:00 AM UTC+00
Adani Energy Solutions' transmission business chief Bimal Dayal has been appointed as the CEO of Adani Infrastructure India. Dayal will oversee the implementation of the pipeline of infrastructure projects in thermal, renewable energy and green hydrogen by Adani Infrastructure India, Adani Energy Solutions Ltd (AESL) said in a statement on Friday.
Uttarakhand Global Investors Summit: India will become a USD 5 trillion economy by the end of 2025, said Union Home Minister Amit Shah on Saturday. Addressing the valedictory session of the Uttarakhand Global Investors Summit at the Forest Research Institute in Dehradun, Shah said that due to the visionary leadership of Prime Minister Narendra Modi, India has progressed rapidly on every front in the last decade.
Sebi is set to introduce the concept of 'fast track' public issuance for debt securities and further reduce the face value of debt securities issued on a private placement basis to Rs 10,000 from Rs 1 lakh at present in a bid to deepen the bond market. These will include non-convertible debentures. If implemented, the move would also promote ease of doing business.

Jubilant Industries MD and CEO Manu Ahuja passes away

Sunday 10 December 2023 11:33 AM UTC+00
Jubilant Industries' MD and CEO Manu Ahuja passed away on Saturday (December 9), the company said. In a regulatory filing on Sunday (December 10), Jubilant Industries Ltd said, "We regret to inform you of the sudden and sad demise of Manu Ahuja, Managing Director & CEO of the company, on Saturday, December 9, 2023."
In a significant surge, the BSE Sensex and NSE Nifty demonstrated robust performance on Monday, witnessing the Sensex crossing the historic 70,000 mark and the Nifty50 reaching above 21,000 in early trade. At 9:55 am, the BSE Sensex showed an uptick of 117 points, standing at 69,942, while the NSE Nifty50 was trading at 20,994, up 25 points.
In the latest market development, the Sensex exhibited a notable increase of 96.15 points, reaching 70,024.68 points during early trade on Tuesday. Concurrently, the Nifty also experienced a positive surge, rising by 34.4 points to achieve a record level of 21,031.50 points. The equity benchmark, Sensex, not only breached but surpassed the significant milestone of 70,000 points before concluding the session with a 102-point gain. Meanwhile, the Nifty came remarkably close to the 21,000 mark. 

SpiceJet to raise Rs 2,250 crore through equity shares

Tuesday 12 December 2023 09:58 AM UTC+00
SpiceJet on Tuesday (December 12) announced that it will raise fresh capital of Rs 2,250 crore through issuance of equity shares. The board of the airline has okayed the issuance of equity shares/equity warrants under a private placement basis. 
Retail inflation rose up to a three-month high of 5.55 per cent in November this year, driven by higher food prices, according to official data released on Tuesday (December 12). The retail inflation based on the Consumer Price Index (CPI) was at 4.87 per cent in October. Inflation had been declining since August when it touched 6.83 per cent.
In the early trade on Wednesday, Indian equity benchmarks faced a downturn, primarily influenced by declines in bank, financial, and information technology (IT) sectors. The 30-share BSE Sensex declined by 0.18%, dropping 123 points to reach 69,428, while the broader NSE Nifty was down 0.11%, shedding 24 points to trade at 20,882. Despite this, mid- and small-cap shares showed positivity, with Nifty Midcap 100 gaining 0.02%, and small-cap climbing 0.15%. The fear index, India VIX, rose by 0.53% to reach the 12.78-level.
Business news: Benchmark Sensex and Nifty rebounded to close at their new lifetime highs today (December 8) after the Reserve Bank of India (RBI) raised the growth forecast for the current fiscal and kept policy rates unchanged, triggering heavy buying in banking and other rate-sensitive stocks.

Bimal Dayal appointed as CEO of Adani Infra India

Saturday 09 December 2023 09:00 AM UTC+00
Adani Energy Solutions' transmission business chief Bimal Dayal has been appointed as the CEO of Adani Infrastructure India. Dayal will oversee the implementation of the pipeline of infrastructure projects in thermal, renewable energy and green hydrogen by Adani Infrastructure India, Adani Energy Solutions Ltd (AESL) said in a statement on Friday.
Uttarakhand Global Investors Summit: India will become a USD 5 trillion economy by the end of 2025, said Union Home Minister Amit Shah on Saturday. Addressing the valedictory session of the Uttarakhand Global Investors Summit at the Forest Research Institute in Dehradun, Shah said that due to the visionary leadership of Prime Minister Narendra Modi, India has progressed rapidly on every front in the last decade.
Sebi is set to introduce the concept of 'fast track' public issuance for debt securities and further reduce the face value of debt securities issued on a private placement basis to Rs 10,000 from Rs 1 lakh at present in a bid to deepen the bond market. These will include non-convertible debentures. If implemented, the move would also promote ease of doing business.

Jubilant Industries MD and CEO Manu Ahuja passes away

Sunday 10 December 2023 11:33 AM UTC+00
Jubilant Industries' MD and CEO Manu Ahuja passed away on Saturday (December 9), the company said. In a regulatory filing on Sunday (December 10), Jubilant Industries Ltd said, "We regret to inform you of the sudden and sad demise of Manu Ahuja, Managing Director & CEO of the company, on Saturday, December 9, 2023."
In a significant surge, the BSE Sensex and NSE Nifty demonstrated robust performance on Monday, witnessing the Sensex crossing the historic 70,000 mark and the Nifty50 reaching above 21,000 in early trade. At 9:55 am, the BSE Sensex showed an uptick of 117 points, standing at 69,942, while the NSE Nifty50 was trading at 20,994, up 25 points.
In the latest market development, the Sensex exhibited a notable increase of 96.15 points, reaching 70,024.68 points during early trade on Tuesday. Concurrently, the Nifty also experienced a positive surge, rising by 34.4 points to achieve a record level of 21,031.50 points. The equity benchmark, Sensex, not only breached but surpassed the significant milestone of 70,000 points before concluding the session with a 102-point gain. Meanwhile, the Nifty came remarkably close to the 21,000 mark. 

SpiceJet to raise Rs 2,250 crore through equity shares

Tuesday 12 December 2023 09:58 AM UTC+00
SpiceJet on Tuesday (December 12) announced that it will raise fresh capital of Rs 2,250 crore through issuance of equity shares. The board of the airline has okayed the issuance of equity shares/equity warrants under a private placement basis. 
Retail inflation rose up to a three-month high of 5.55 per cent in November this year, driven by higher food prices, according to official data released on Tuesday (December 12). The retail inflation based on the Consumer Price Index (CPI) was at 4.87 per cent in October. Inflation had been declining since August when it touched 6.83 per cent.
In the early trade on Wednesday, Indian equity benchmarks faced a downturn, primarily influenced by declines in bank, financial, and information technology (IT) sectors. The 30-share BSE Sensex declined by 0.18%, dropping 123 points to reach 69,428, while the broader NSE Nifty was down 0.11%, shedding 24 points to trade at 20,882. Despite this, mid- and small-cap shares showed positivity, with Nifty Midcap 100 gaining 0.02%, and small-cap climbing 0.15%. The fear index, India VIX, rose by 0.53% to reach the 12.78-level.
Business news: Benchmark Sensex and Nifty rebounded to close at their new lifetime highs today (December 8) after the Reserve Bank of India (RBI) raised the growth forecast for the current fiscal and kept policy rates unchanged, triggering heavy buying in banking and other rate-sensitive stocks.

Bimal Dayal appointed as CEO of Adani Infra India

Saturday 09 December 2023 09:00 AM UTC+00
Adani Energy Solutions' transmission business chief Bimal Dayal has been appointed as the CEO of Adani Infrastructure India. Dayal will oversee the implementation of the pipeline of infrastructure projects in thermal, renewable energy and green hydrogen by Adani Infrastructure India, Adani Energy Solutions Ltd (AESL) said in a statement on Friday.
Uttarakhand Global Investors Summit: India will become a USD 5 trillion economy by the end of 2025, said Union Home Minister Amit Shah on Saturday. Addressing the valedictory session of the Uttarakhand Global Investors Summit at the Forest Research Institute in Dehradun, Shah said that due to the visionary leadership of Prime Minister Narendra Modi, India has progressed rapidly on every front in the last decade.
Sebi is set to introduce the concept of 'fast track' public issuance for debt securities and further reduce the face value of debt securities issued on a private placement basis to Rs 10,000 from Rs 1 lakh at present in a bid to deepen the bond market. These will include non-convertible debentures. If implemented, the move would also promote ease of doing business.

Jubilant Industries MD and CEO Manu Ahuja passes away

Sunday 10 December 2023 11:33 AM UTC+00
Jubilant Industries' MD and CEO Manu Ahuja passed away on Saturday (December 9), the company said. In a regulatory filing on Sunday (December 10), Jubilant Industries Ltd said, "We regret to inform you of the sudden and sad demise of Manu Ahuja, Managing Director & CEO of the company, on Saturday, December 9, 2023."
In a significant surge, the BSE Sensex and NSE Nifty demonstrated robust performance on Monday, witnessing the Sensex crossing the historic 70,000 mark and the Nifty50 reaching above 21,000 in early trade. At 9:55 am, the BSE Sensex showed an uptick of 117 points, standing at 69,942, while the NSE Nifty50 was trading at 20,994, up 25 points.
In the latest market development, the Sensex exhibited a notable increase of 96.15 points, reaching 70,024.68 points during early trade on Tuesday. Concurrently, the Nifty also experienced a positive surge, rising by 34.4 points to achieve a record level of 21,031.50 points. The equity benchmark, Sensex, not only breached but surpassed the significant milestone of 70,000 points before concluding the session with a 102-point gain. Meanwhile, the Nifty came remarkably close to the 21,000 mark. 

SpiceJet to raise Rs 2,250 crore through equity shares

Tuesday 12 December 2023 09:58 AM UTC+00
SpiceJet on Tuesday (December 12) announced that it will raise fresh capital of Rs 2,250 crore through issuance of equity shares. The board of the airline has okayed the issuance of equity shares/equity warrants under a private placement basis. 
Retail inflation rose up to a three-month high of 5.55 per cent in November this year, driven by higher food prices, according to official data released on Tuesday (December 12). The retail inflation based on the Consumer Price Index (CPI) was at 4.87 per cent in October. Inflation had been declining since August when it touched 6.83 per cent.
In the early trade on Wednesday, Indian equity benchmarks faced a downturn, primarily influenced by declines in bank, financial, and information technology (IT) sectors. The 30-share BSE Sensex declined by 0.18%, dropping 123 points to reach 69,428, while the broader NSE Nifty was down 0.11%, shedding 24 points to trade at 20,882. Despite this, mid- and small-cap shares showed positivity, with Nifty Midcap 100 gaining 0.02%, and small-cap climbing 0.15%. The fear index, India VIX, rose by 0.53% to reach the 12.78-level.

Bimal Dayal appointed as CEO of Adani Infra India

Saturday 09 December 2023 09:00 AM UTC+00
Adani Energy Solutions' transmission business chief Bimal Dayal has been appointed as the CEO of Adani Infrastructure India. Dayal will oversee the implementation of the pipeline of infrastructure projects in thermal, renewable energy and green hydrogen by Adani Infrastructure India, Adani Energy Solutions Ltd (AESL) said in a statement on Friday.
Uttarakhand Global Investors Summit: India will become a USD 5 trillion economy by the end of 2025, said Union Home Minister Amit Shah on Saturday. Addressing the valedictory session of the Uttarakhand Global Investors Summit at the Forest Research Institute in Dehradun, Shah said that due to the visionary leadership of Prime Minister Narendra Modi, India has progressed rapidly on every front in the last decade.
Sebi is set to introduce the concept of 'fast track' public issuance for debt securities and further reduce the face value of debt securities issued on a private placement basis to Rs 10,000 from Rs 1 lakh at present in a bid to deepen the bond market. These will include non-convertible debentures. If implemented, the move would also promote ease of doing business.

Jubilant Industries MD and CEO Manu Ahuja passes away

Sunday 10 December 2023 11:33 AM UTC+00
Jubilant Industries' MD and CEO Manu Ahuja passed away on Saturday (December 9), the company said. In a regulatory filing on Sunday (December 10), Jubilant Industries Ltd said, "We regret to inform you of the sudden and sad demise of Manu Ahuja, Managing Director & CEO of the company, on Saturday, December 9, 2023."
In a significant surge, the BSE Sensex and NSE Nifty demonstrated robust performance on Monday, witnessing the Sensex crossing the historic 70,000 mark and the Nifty50 reaching above 21,000 in early trade. At 9:55 am, the BSE Sensex showed an uptick of 117 points, standing at 69,942, while the NSE Nifty50 was trading at 20,994, up 25 points.
In the latest market development, the Sensex exhibited a notable increase of 96.15 points, reaching 70,024.68 points during early trade on Tuesday. Concurrently, the Nifty also experienced a positive surge, rising by 34.4 points to achieve a record level of 21,031.50 points. The equity benchmark, Sensex, not only breached but surpassed the significant milestone of 70,000 points before concluding the session with a 102-point gain. Meanwhile, the Nifty came remarkably close to the 21,000 mark. 

SpiceJet to raise Rs 2,250 crore through equity shares

Tuesday 12 December 2023 09:58 AM UTC+00
SpiceJet on Tuesday (December 12) announced that it will raise fresh capital of Rs 2,250 crore through issuance of equity shares. The board of the airline has okayed the issuance of equity shares/equity warrants under a private placement basis. 
Retail inflation rose up to a three-month high of 5.55 per cent in November this year, driven by higher food prices, according to official data released on Tuesday (December 12). The retail inflation based on the Consumer Price Index (CPI) was at 4.87 per cent in October. Inflation had been declining since August when it touched 6.83 per cent.
In the early trade on Wednesday, Indian equity benchmarks faced a downturn, primarily influenced by declines in bank, financial, and information technology (IT) sectors. The 30-share BSE Sensex declined by 0.18%, dropping 123 points to reach 69,428, while the broader NSE Nifty was down 0.11%, shedding 24 points to trade at 20,882. Despite this, mid- and small-cap shares showed positivity, with Nifty Midcap 100 gaining 0.02%, and small-cap climbing 0.15%. The fear index, India VIX, rose by 0.53% to reach the 12.78-level.
Amid a strong American currency overseas, the rupee depreciated 3 paise to revisit the all-time closing low of 83.40 against the US dollar on Wednesday. According to Forex traders, a steep fall in crude oil prices from USD 76 per barrel to the below USD 73 level provided support, but a muted trend in equity markets triggered negative bias against the local unit.

Bimal Dayal appointed as CEO of Adani Infra India

Saturday 09 December 2023 09:00 AM UTC+00
Adani Energy Solutions' transmission business chief Bimal Dayal has been appointed as the CEO of Adani Infrastructure India. Dayal will oversee the implementation of the pipeline of infrastructure projects in thermal, renewable energy and green hydrogen by Adani Infrastructure India, Adani Energy Solutions Ltd (AESL) said in a statement on Friday.
Uttarakhand Global Investors Summit: India will become a USD 5 trillion economy by the end of 2025, said Union Home Minister Amit Shah on Saturday. Addressing the valedictory session of the Uttarakhand Global Investors Summit at the Forest Research Institute in Dehradun, Shah said that due to the visionary leadership of Prime Minister Narendra Modi, India has progressed rapidly on every front in the last decade.
Sebi is set to introduce the concept of 'fast track' public issuance for debt securities and further reduce the face value of debt securities issued on a private placement basis to Rs 10,000 from Rs 1 lakh at present in a bid to deepen the bond market. These will include non-convertible debentures. If implemented, the move would also promote ease of doing business.

Jubilant Industries MD and CEO Manu Ahuja passes away

Sunday 10 December 2023 11:33 AM UTC+00
Jubilant Industries' MD and CEO Manu Ahuja passed away on Saturday (December 9), the company said. In a regulatory filing on Sunday (December 10), Jubilant Industries Ltd said, "We regret to inform you of the sudden and sad demise of Manu Ahuja, Managing Director & CEO of the company, on Saturday, December 9, 2023."
In a significant surge, the BSE Sensex and NSE Nifty demonstrated robust performance on Monday, witnessing the Sensex crossing the historic 70,000 mark and the Nifty50 reaching above 21,000 in early trade. At 9:55 am, the BSE Sensex showed an uptick of 117 points, standing at 69,942, while the NSE Nifty50 was trading at 20,994, up 25 points.
In the latest market development, the Sensex exhibited a notable increase of 96.15 points, reaching 70,024.68 points during early trade on Tuesday. Concurrently, the Nifty also experienced a positive surge, rising by 34.4 points to achieve a record level of 21,031.50 points. The equity benchmark, Sensex, not only breached but surpassed the significant milestone of 70,000 points before concluding the session with a 102-point gain. Meanwhile, the Nifty came remarkably close to the 21,000 mark. 

SpiceJet to raise Rs 2,250 crore through equity shares

Tuesday 12 December 2023 09:58 AM UTC+00
SpiceJet on Tuesday (December 12) announced that it will raise fresh capital of Rs 2,250 crore through issuance of equity shares. The board of the airline has okayed the issuance of equity shares/equity warrants under a private placement basis. 
Retail inflation rose up to a three-month high of 5.55 per cent in November this year, driven by higher food prices, according to official data released on Tuesday (December 12). The retail inflation based on the Consumer Price Index (CPI) was at 4.87 per cent in October. Inflation had been declining since August when it touched 6.83 per cent.
In the early trade on Wednesday, Indian equity benchmarks faced a downturn, primarily influenced by declines in bank, financial, and information technology (IT) sectors. The 30-share BSE Sensex declined by 0.18%, dropping 123 points to reach 69,428, while the broader NSE Nifty was down 0.11%, shedding 24 points to trade at 20,882. Despite this, mid- and small-cap shares showed positivity, with Nifty Midcap 100 gaining 0.02%, and small-cap climbing 0.15%. The fear index, India VIX, rose by 0.53% to reach the 12.78-level.
Amid a strong American currency overseas, the rupee depreciated 3 paise to revisit the all-time closing low of 83.40 against the US dollar on Wednesday. According to Forex traders, a steep fall in crude oil prices from USD 76 per barrel to the below USD 73 level provided support, but a muted trend in equity markets triggered negative bias against the local unit.

Bimal Dayal appointed as CEO of Adani Infra India

Saturday 09 December 2023 09:00 AM UTC+00
Adani Energy Solutions' transmission business chief Bimal Dayal has been appointed as the CEO of Adani Infrastructure India. Dayal will oversee the implementation of the pipeline of infrastructure projects in thermal, renewable energy and green hydrogen by Adani Infrastructure India, Adani Energy Solutions Ltd (AESL) said in a statement on Friday.
Uttarakhand Global Investors Summit: India will become a USD 5 trillion economy by the end of 2025, said Union Home Minister Amit Shah on Saturday. Addressing the valedictory session of the Uttarakhand Global Investors Summit at the Forest Research Institute in Dehradun, Shah said that due to the visionary leadership of Prime Minister Narendra Modi, India has progressed rapidly on every front in the last decade.
Sebi is set to introduce the concept of 'fast track' public issuance for debt securities and further reduce the face value of debt securities issued on a private placement basis to Rs 10,000 from Rs 1 lakh at present in a bid to deepen the bond market. These will include non-convertible debentures. If implemented, the move would also promote ease of doing business.

Jubilant Industries MD and CEO Manu Ahuja passes away

Sunday 10 December 2023 11:33 AM UTC+00
Jubilant Industries' MD and CEO Manu Ahuja passed away on Saturday (December 9), the company said. In a regulatory filing on Sunday (December 10), Jubilant Industries Ltd said, "We regret to inform you of the sudden and sad demise of Manu Ahuja, Managing Director & CEO of the company, on Saturday, December 9, 2023."
In a significant surge, the BSE Sensex and NSE Nifty demonstrated robust performance on Monday, witnessing the Sensex crossing the historic 70,000 mark and the Nifty50 reaching above 21,000 in early trade. At 9:55 am, the BSE Sensex showed an uptick of 117 points, standing at 69,942, while the NSE Nifty50 was trading at 20,994, up 25 points.
In the latest market development, the Sensex exhibited a notable increase of 96.15 points, reaching 70,024.68 points during early trade on Tuesday. Concurrently, the Nifty also experienced a positive surge, rising by 34.4 points to achieve a record level of 21,031.50 points. The equity benchmark, Sensex, not only breached but surpassed the significant milestone of 70,000 points before concluding the session with a 102-point gain. Meanwhile, the Nifty came remarkably close to the 21,000 mark. 

SpiceJet to raise Rs 2,250 crore through equity shares

Tuesday 12 December 2023 09:58 AM UTC+00
SpiceJet on Tuesday (December 12) announced that it will raise fresh capital of Rs 2,250 crore through issuance of equity shares. The board of the airline has okayed the issuance of equity shares/equity warrants under a private placement basis. 
Retail inflation rose up to a three-month high of 5.55 per cent in November this year, driven by higher food prices, according to official data released on Tuesday (December 12). The retail inflation based on the Consumer Price Index (CPI) was at 4.87 per cent in October. Inflation had been declining since August when it touched 6.83 per cent.
In the early trade on Wednesday, Indian equity benchmarks faced a downturn, primarily influenced by declines in bank, financial, and information technology (IT) sectors. The 30-share BSE Sensex declined by 0.18%, dropping 123 points to reach 69,428, while the broader NSE Nifty was down 0.11%, shedding 24 points to trade at 20,882. Despite this, mid- and small-cap shares showed positivity, with Nifty Midcap 100 gaining 0.02%, and small-cap climbing 0.15%. The fear index, India VIX, rose by 0.53% to reach the 12.78-level.
Amid a strong American currency overseas, the rupee depreciated 3 paise to revisit the all-time closing low of 83.40 against the US dollar on Wednesday. According to Forex traders, a steep fall in crude oil prices from USD 76 per barrel to the below USD 73 level provided support, but a muted trend in equity markets triggered negative bias against the local unit.
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