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IndiaTV Business: Google News Feed: Digest for December 15, 2023

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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.

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.
In a bid to boost the production of coal and meet the country's energy demands, the government is seeking to revive underground mining. According to a PTI report, the domestic power sector imported 35.3 million tonnes (MT) of coal during the April-October period of the current fiscal.
Investment and industrial activities are the key driving factors for India's growth story. The country's industrial output has seen remarkable growth, helped by favourable government policies.
In a remarkable upswing, the stock market witnessed significant gains on Thursday, the day of the weekly expiry. The trading day began with substantial momentum, propelling both Sensex and Nifty to record lifetime highs. The BSE Sensex opened with a surge of 620.52 points, reaching 70,205.12 points. Simultaneously, the NSE Nifty soared by 181.85 points, touching 21,108.20 points. These levels mark the highest ever for both indices. 

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.
In a bid to boost the production of coal and meet the country's energy demands, the government is seeking to revive underground mining. According to a PTI report, the domestic power sector imported 35.3 million tonnes (MT) of coal during the April-October period of the current fiscal.
Investment and industrial activities are the key driving factors for India's growth story. The country's industrial output has seen remarkable growth, helped by favourable government policies.
In a remarkable upswing, the stock market witnessed significant gains on Thursday, the day of the weekly expiry. The trading day began with substantial momentum, propelling both Sensex and Nifty to record lifetime highs. The BSE Sensex opened with a surge of 620.52 points, reaching 70,205.12 points. Simultaneously, the NSE Nifty soared by 181.85 points, touching 21,108.20 points. These levels mark the highest ever for both indices. 
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.
In a bid to boost the production of coal and meet the country's energy demands, the government is seeking to revive underground mining. According to a PTI report, the domestic power sector imported 35.3 million tonnes (MT) of coal during the April-October period of the current fiscal.
Investment and industrial activities are the key driving factors for India's growth story. The country's industrial output has seen remarkable growth, helped by favourable government policies.
In a remarkable upswing, the stock market witnessed significant gains on Thursday, the day of the weekly expiry. The trading day began with substantial momentum, propelling both Sensex and Nifty to record lifetime highs. The BSE Sensex opened with a surge of 620.52 points, reaching 70,205.12 points. Simultaneously, the NSE Nifty soared by 181.85 points, touching 21,108.20 points. These levels mark the highest ever for both indices. 
Stock markets: Riding on the global market rally, the equity benchmark indices ended higher on Thursday. The 30-share BSE Sensex ended higher by 929.60 points, while the Nifty gained 256.35 points. Sensex reached 70,514.20 mark in intraday trading, while Nifty hit 21,190.75 mark. 
There has been a double blow on the inflation front. After increasing retail inflation in November, now wholesale inflation has also reached the highest level in 8 months. The wholesale inflation stood at 0.26 percent in November which rose sharply after remaining below zero for seven months due to rising food prices. Wholesale price index (WPI) based inflation also remained below zero continuously since April. In October it was minus 0.52 percent. At the same time, retail inflation increased to 5.55 percent in November after reaching a four-month low of 4.8 percent in October.

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.
In a bid to boost the production of coal and meet the country's energy demands, the government is seeking to revive underground mining. According to a PTI report, the domestic power sector imported 35.3 million tonnes (MT) of coal during the April-October period of the current fiscal.
Investment and industrial activities are the key driving factors for India's growth story. The country's industrial output has seen remarkable growth, helped by favourable government policies.
In a remarkable upswing, the stock market witnessed significant gains on Thursday, the day of the weekly expiry. The trading day began with substantial momentum, propelling both Sensex and Nifty to record lifetime highs. The BSE Sensex opened with a surge of 620.52 points, reaching 70,205.12 points. Simultaneously, the NSE Nifty soared by 181.85 points, touching 21,108.20 points. These levels mark the highest ever for both indices. 
Stock markets: Riding on the global market rally, the equity benchmark indices ended higher on Thursday. The 30-share BSE Sensex ended higher by 929.60 points, while the Nifty gained 256.35 points. Sensex reached 70,514.20 mark in intraday trading, while Nifty hit 21,190.75 mark. 
There has been a double blow on the inflation front. After increasing retail inflation in November, now wholesale inflation has also reached the highest level in 8 months. The wholesale inflation stood at 0.26 percent in November which rose sharply after remaining below zero for seven months due to rising food prices. Wholesale price index (WPI) based inflation also remained below zero continuously since April. In October it was minus 0.52 percent. At the same time, retail inflation increased to 5.55 percent in November after reaching a four-month low of 4.8 percent in October.
The Adani Group vowed on Thursday to raise the conglomerate's investment in Bihar in addition to expanding into new sectors where they had no presence in the state. The group said it would make an additional investment of Rs 8,700 crore in Bihar in various sectors, including cement manufacturing, logistics and the agro-industry. 

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.
In a bid to boost the production of coal and meet the country's energy demands, the government is seeking to revive underground mining. According to a PTI report, the domestic power sector imported 35.3 million tonnes (MT) of coal during the April-October period of the current fiscal.
Investment and industrial activities are the key driving factors for India's growth story. The country's industrial output has seen remarkable growth, helped by favourable government policies.
In a remarkable upswing, the stock market witnessed significant gains on Thursday, the day of the weekly expiry. The trading day began with substantial momentum, propelling both Sensex and Nifty to record lifetime highs. The BSE Sensex opened with a surge of 620.52 points, reaching 70,205.12 points. Simultaneously, the NSE Nifty soared by 181.85 points, touching 21,108.20 points. These levels mark the highest ever for both indices. 
Stock markets: Riding on the global market rally, the equity benchmark indices ended higher on Thursday. The 30-share BSE Sensex ended higher by 929.60 points, while the Nifty gained 256.35 points. Sensex reached 70,514.20 mark in intraday trading, while Nifty hit 21,190.75 mark. 
There has been a double blow on the inflation front. After increasing retail inflation in November, now wholesale inflation has also reached the highest level in 8 months. The wholesale inflation stood at 0.26 percent in November which rose sharply after remaining below zero for seven months due to rising food prices. Wholesale price index (WPI) based inflation also remained below zero continuously since April. In October it was minus 0.52 percent. At the same time, retail inflation increased to 5.55 percent in November after reaching a four-month low of 4.8 percent in October.
The Adani Group vowed on Thursday to raise the conglomerate's investment in Bihar in addition to expanding into new sectors where they had no presence in the state. The group said it would make an additional investment of Rs 8,700 crore in Bihar in various sectors, including cement manufacturing, logistics and the agro-industry. 

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.
In a bid to boost the production of coal and meet the country's energy demands, the government is seeking to revive underground mining. According to a PTI report, the domestic power sector imported 35.3 million tonnes (MT) of coal during the April-October period of the current fiscal.
Investment and industrial activities are the key driving factors for India's growth story. The country's industrial output has seen remarkable growth, helped by favourable government policies.
In a remarkable upswing, the stock market witnessed significant gains on Thursday, the day of the weekly expiry. The trading day began with substantial momentum, propelling both Sensex and Nifty to record lifetime highs. The BSE Sensex opened with a surge of 620.52 points, reaching 70,205.12 points. Simultaneously, the NSE Nifty soared by 181.85 points, touching 21,108.20 points. These levels mark the highest ever for both indices. 
Stock markets: Riding on the global market rally, the equity benchmark indices ended higher on Thursday. The 30-share BSE Sensex ended higher by 929.60 points, while the Nifty gained 256.35 points. Sensex reached 70,514.20 mark in intraday trading, while Nifty hit 21,190.75 mark. 
There has been a double blow on the inflation front. After increasing retail inflation in November, now wholesale inflation has also reached the highest level in 8 months. The wholesale inflation stood at 0.26 percent in November which rose sharply after remaining below zero for seven months due to rising food prices. Wholesale price index (WPI) based inflation also remained below zero continuously since April. In October it was minus 0.52 percent. At the same time, retail inflation increased to 5.55 percent in November after reaching a four-month low of 4.8 percent in October.
The Adani Group vowed on Thursday to raise the conglomerate's investment in Bihar in addition to expanding into new sectors where they had no presence in the state. The group said it would make an additional investment of Rs 8,700 crore in Bihar in various sectors, including cement manufacturing, logistics and the agro-industry. 
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