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IndiaTV Business: Google News Feed: Digest for December 17, 2023

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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. 

Sensex, Nifty hit fresh all-time high levels in early trade

Friday 15 December 2023 04:17 AM UTC+00
Benchmark equity indices Sensex and Nifty rallied over 1 per cent to hit all-time highs on Friday, propelled by intense buying in IT, tech and realty stocks after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year.
The State Bank of India (SBI) on Friday announced an increase in the marginal cost of MCLR by 5-10 basis points for select tenors. This means that the EMI of home loans, car loans, and personal loan will increase for the common people. Loans, such as auto or home loans, will become more expensive for borrowers. The increase in the marginal cost of lending rate (MCLR) of the country's leading bank is now between 8 per cent and 8.85 per cent. The new rates have come into effect from December 15.
Stock markets update: Equity benchmark indices surged more than 1 per cent to hit their new all-time highs on Friday. With the Sensex breaching the 71,000 mark, as domestic macroeconomic data and easing concerns over the US economic growth strengthened market sentiment. According to traders, heavy buying in IT, tech and metal counters amid sustained buying by foreign investors helped the domestic equities. 
New Delhi: The Central government on Friday allowed sugar mills to use both cane juice and B-heavy molasses for ethanol production. However, it imposed a limit on the diversion of sugar for this purpose, setting it at 17 lakh tonnes for the current supply year of 2023-24.
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. 

Sensex, Nifty hit fresh all-time high levels in early trade

Friday 15 December 2023 04:17 AM UTC+00
Benchmark equity indices Sensex and Nifty rallied over 1 per cent to hit all-time highs on Friday, propelled by intense buying in IT, tech and realty stocks after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year.
The State Bank of India (SBI) on Friday announced an increase in the marginal cost of MCLR by 5-10 basis points for select tenors. This means that the EMI of home loans, car loans, and personal loan will increase for the common people. Loans, such as auto or home loans, will become more expensive for borrowers. The increase in the marginal cost of lending rate (MCLR) of the country's leading bank is now between 8 per cent and 8.85 per cent. The new rates have come into effect from December 15.
Stock markets update: Equity benchmark indices surged more than 1 per cent to hit their new all-time highs on Friday. With the Sensex breaching the 71,000 mark, as domestic macroeconomic data and easing concerns over the US economic growth strengthened market sentiment. According to traders, heavy buying in IT, tech and metal counters amid sustained buying by foreign investors helped the domestic equities. 
New Delhi: The Central government on Friday allowed sugar mills to use both cane juice and B-heavy molasses for ethanol production. However, it imposed a limit on the diversion of sugar for this purpose, setting it at 17 lakh tonnes for the current supply year of 2023-24.
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. 

Sensex, Nifty hit fresh all-time high levels in early trade

Friday 15 December 2023 04:17 AM UTC+00
Benchmark equity indices Sensex and Nifty rallied over 1 per cent to hit all-time highs on Friday, propelled by intense buying in IT, tech and realty stocks after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year.
The State Bank of India (SBI) on Friday announced an increase in the marginal cost of MCLR by 5-10 basis points for select tenors. This means that the EMI of home loans, car loans, and personal loan will increase for the common people. Loans, such as auto or home loans, will become more expensive for borrowers. The increase in the marginal cost of lending rate (MCLR) of the country's leading bank is now between 8 per cent and 8.85 per cent. The new rates have come into effect from December 15.
Stock markets update: Equity benchmark indices surged more than 1 per cent to hit their new all-time highs on Friday. With the Sensex breaching the 71,000 mark, as domestic macroeconomic data and easing concerns over the US economic growth strengthened market sentiment. According to traders, heavy buying in IT, tech and metal counters amid sustained buying by foreign investors helped the domestic equities. 
New Delhi: The Central government on Friday allowed sugar mills to use both cane juice and B-heavy molasses for ethanol production. However, it imposed a limit on the diversion of sugar for this purpose, setting it at 17 lakh tonnes for the current supply year of 2023-24.
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. 

Sensex, Nifty hit fresh all-time high levels in early trade

Friday 15 December 2023 04:17 AM UTC+00
Benchmark equity indices Sensex and Nifty rallied over 1 per cent to hit all-time highs on Friday, propelled by intense buying in IT, tech and realty stocks after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year.
The State Bank of India (SBI) on Friday announced an increase in the marginal cost of MCLR by 5-10 basis points for select tenors. This means that the EMI of home loans, car loans, and personal loan will increase for the common people. Loans, such as auto or home loans, will become more expensive for borrowers. The increase in the marginal cost of lending rate (MCLR) of the country's leading bank is now between 8 per cent and 8.85 per cent. The new rates have come into effect from December 15.
Stock markets update: Equity benchmark indices surged more than 1 per cent to hit their new all-time highs on Friday. With the Sensex breaching the 71,000 mark, as domestic macroeconomic data and easing concerns over the US economic growth strengthened market sentiment. According to traders, heavy buying in IT, tech and metal counters amid sustained buying by foreign investors helped the domestic equities. 
New Delhi: The Central government on Friday allowed sugar mills to use both cane juice and B-heavy molasses for ethanol production. However, it imposed a limit on the diversion of sugar for this purpose, setting it at 17 lakh tonnes for the current supply year of 2023-24.
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. 

Sensex, Nifty hit fresh all-time high levels in early trade

Friday 15 December 2023 04:17 AM UTC+00
Benchmark equity indices Sensex and Nifty rallied over 1 per cent to hit all-time highs on Friday, propelled by intense buying in IT, tech and realty stocks after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year.
The State Bank of India (SBI) on Friday announced an increase in the marginal cost of MCLR by 5-10 basis points for select tenors. This means that the EMI of home loans, car loans, and personal loan will increase for the common people. Loans, such as auto or home loans, will become more expensive for borrowers. The increase in the marginal cost of lending rate (MCLR) of the country's leading bank is now between 8 per cent and 8.85 per cent. The new rates have come into effect from December 15.
Stock markets update: Equity benchmark indices surged more than 1 per cent to hit their new all-time highs on Friday. With the Sensex breaching the 71,000 mark, as domestic macroeconomic data and easing concerns over the US economic growth strengthened market sentiment. According to traders, heavy buying in IT, tech and metal counters amid sustained buying by foreign investors helped the domestic equities. 
New Delhi: The Central government on Friday allowed sugar mills to use both cane juice and B-heavy molasses for ethanol production. However, it imposed a limit on the diversion of sugar for this purpose, setting it at 17 lakh tonnes for the current supply year of 2023-24.
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. 

Sensex, Nifty hit fresh all-time high levels in early trade

Friday 15 December 2023 04:17 AM UTC+00
Benchmark equity indices Sensex and Nifty rallied over 1 per cent to hit all-time highs on Friday, propelled by intense buying in IT, tech and realty stocks after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year.
The State Bank of India (SBI) on Friday announced an increase in the marginal cost of MCLR by 5-10 basis points for select tenors. This means that the EMI of home loans, car loans, and personal loan will increase for the common people. Loans, such as auto or home loans, will become more expensive for borrowers. The increase in the marginal cost of lending rate (MCLR) of the country's leading bank is now between 8 per cent and 8.85 per cent. The new rates have come into effect from December 15.
Stock markets update: Equity benchmark indices surged more than 1 per cent to hit their new all-time highs on Friday. With the Sensex breaching the 71,000 mark, as domestic macroeconomic data and easing concerns over the US economic growth strengthened market sentiment. According to traders, heavy buying in IT, tech and metal counters amid sustained buying by foreign investors helped the domestic equities. 
New Delhi: The Central government on Friday allowed sugar mills to use both cane juice and B-heavy molasses for ethanol production. However, it imposed a limit on the diversion of sugar for this purpose, setting it at 17 lakh tonnes for the current supply year of 2023-24.
Former Reserve Bank Governor Raghuram Rajan claimed that India would reach the end of the demographic dividend by 2047 (Amrit Kaal) and still be classified as a lower middle-income country if the growth rate remains at 6 per cent per year without any growth in population.  
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. 

Sensex, Nifty hit fresh all-time high levels in early trade

Friday 15 December 2023 04:17 AM UTC+00
Benchmark equity indices Sensex and Nifty rallied over 1 per cent to hit all-time highs on Friday, propelled by intense buying in IT, tech and realty stocks after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year.
The State Bank of India (SBI) on Friday announced an increase in the marginal cost of MCLR by 5-10 basis points for select tenors. This means that the EMI of home loans, car loans, and personal loan will increase for the common people. Loans, such as auto or home loans, will become more expensive for borrowers. The increase in the marginal cost of lending rate (MCLR) of the country's leading bank is now between 8 per cent and 8.85 per cent. The new rates have come into effect from December 15.
Stock markets update: Equity benchmark indices surged more than 1 per cent to hit their new all-time highs on Friday. With the Sensex breaching the 71,000 mark, as domestic macroeconomic data and easing concerns over the US economic growth strengthened market sentiment. According to traders, heavy buying in IT, tech and metal counters amid sustained buying by foreign investors helped the domestic equities. 
New Delhi: The Central government on Friday allowed sugar mills to use both cane juice and B-heavy molasses for ethanol production. However, it imposed a limit on the diversion of sugar for this purpose, setting it at 17 lakh tonnes for the current supply year of 2023-24.
Former Reserve Bank Governor Raghuram Rajan claimed that India would reach the end of the demographic dividend by 2047 (Amrit Kaal) and still be classified as a lower middle-income country if the growth rate remains at 6 per cent per year without any growth in population.  
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