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IndiaTV Business: Google News Feed: Digest for December 09, 2023

IndiaTV Business: Google News Feed

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Ayushman Bharat, a flagship scheme of the government, has been a huge success. Launched in 2018, it is the world's largest government-funded healthcare program. The scheme offers cashless healthcare benefits of up to Rs 5 lakh per eligible family per year. Recently, the government has awarded a contract for a substantial order for seamless card processing in 10 districts of Uttar Pradesh to its tech-enabled services partner BLS International.
In a robust opening today, the Indian stock market witnessed a significant surge as the Sensex leaped 303.25 points, reaching a new pinnacle at 69,599.39 during early trade. Simultaneously, the Nifty displayed strong performance by climbing 100.05 points, establishing a fresh record high at 20,955.15.
The CBI has registered an FIR in a case in which over 41,000 UCO Bank customers received surprise credits of varied amounts in their accounts, totalling Rs 820 crore, during November 10-13 without any corresponding debits in accounts from where the transfers originated, officials said on Tuesday.   Under an operation, which continued till Tuesday, the agency has searched 13 locations in multiple cities, including Kolkata and Mangalore, in connection with the case, they said.   The money landed in accounts of UCO Bank customers through 8.53 lakh Immediate Payment Service (IMPS) transactions originating from 14,000 account holders of private banks in three days, the officials said.
In a remarkable demonstration of television's enduring appeal, viewers in India have devoted an extra 53 minutes per week to their TV-watching habits compared to the previous year. This substantial increase not only reflects heightened engagement but also underscores a strengthened connection with the medium, challenging the evolving trends in media consumption. The data points towards television's resilience and continued relevance in the dynamic landscape of entertainment choices.
Finance Minister Nirmala Sitharaman has secured the 32nd position in Forbes' prestigious list of the world's most powerful women, sharing the spotlight with prominent figures like US Vice President Kamala Harris and musician Taylor Swift. The list also features three other accomplished Indian women: Roshni Nadar Malhotra, CEO of HCL Corporation (rank 60), Soma Mondal, Chairperson of Steel Authority of India (rank 70), and Kiran Mazumdar-Shaw, Founder of Biocon (rank 76).
In an early trading session, the stock markets witnessed a shift in momentum, putting an end to a seven-day rally. The benchmark Sensex recorded a decline of 211.21 points, settling at 69,442.52. With a mere 346 points away from the 70,000 milestone, the Sensex showcased resilience and strength. Simultaneously, the broader Nifty neared the 21,000 mark by escalating 82.60 points, or 0.40 per cent, concluding at a fresh summit of 20,937.70. In intra-day trading, the Nifty achieved a high of 20,961.95.
Bike-taxi and auto-aggregator company Rapido announced its foray into the cab services segment. With the announcement of entering into cab services, Rapido became the third biggest player in the ride-providing sector. The new entrant will compete with established unicorns - Ola and Uber.
Finance Minister Nirmala Sitharaman on Thursday said the budget to be presented on February 1, 2024, would not have any "spectacular announcement" as it would be a vote on account in the run-up to the general elections.
New Delhi: The Central government on Thursday issued a directive instructing sugar mills and distilleries to refrain from utilizing sugarcane juice for ethanol production in order to ensure a sufficient supply of sweetener for domestic use and keep prices under check.
Unemployment rate in India: Finance Minister Nirmala Sitharaman today said India continues to maintain the momentum of the fastest-growing major economy, with all sectors contributing significantly in economic activities. Replying to a short-duration discussion on the state of the economy in the Rajya Sabha, the minister also highlighted the various achievements of the Modi government since May 2014.
In a robust opening today, the Indian stock market witnessed a significant surge as the Sensex leaped 303.25 points, reaching a new pinnacle at 69,599.39 during early trade. Simultaneously, the Nifty displayed strong performance by climbing 100.05 points, establishing a fresh record high at 20,955.15.
The CBI has registered an FIR in a case in which over 41,000 UCO Bank customers received surprise credits of varied amounts in their accounts, totalling Rs 820 crore, during November 10-13 without any corresponding debits in accounts from where the transfers originated, officials said on Tuesday.   Under an operation, which continued till Tuesday, the agency has searched 13 locations in multiple cities, including Kolkata and Mangalore, in connection with the case, they said.   The money landed in accounts of UCO Bank customers through 8.53 lakh Immediate Payment Service (IMPS) transactions originating from 14,000 account holders of private banks in three days, the officials said.
In a remarkable demonstration of television's enduring appeal, viewers in India have devoted an extra 53 minutes per week to their TV-watching habits compared to the previous year. This substantial increase not only reflects heightened engagement but also underscores a strengthened connection with the medium, challenging the evolving trends in media consumption. The data points towards television's resilience and continued relevance in the dynamic landscape of entertainment choices.
Finance Minister Nirmala Sitharaman has secured the 32nd position in Forbes' prestigious list of the world's most powerful women, sharing the spotlight with prominent figures like US Vice President Kamala Harris and musician Taylor Swift. The list also features three other accomplished Indian women: Roshni Nadar Malhotra, CEO of HCL Corporation (rank 60), Soma Mondal, Chairperson of Steel Authority of India (rank 70), and Kiran Mazumdar-Shaw, Founder of Biocon (rank 76).
In an early trading session, the stock markets witnessed a shift in momentum, putting an end to a seven-day rally. The benchmark Sensex recorded a decline of 211.21 points, settling at 69,442.52. With a mere 346 points away from the 70,000 milestone, the Sensex showcased resilience and strength. Simultaneously, the broader Nifty neared the 21,000 mark by escalating 82.60 points, or 0.40 per cent, concluding at a fresh summit of 20,937.70. In intra-day trading, the Nifty achieved a high of 20,961.95.
Bike-taxi and auto-aggregator company Rapido announced its foray into the cab services segment. With the announcement of entering into cab services, Rapido became the third biggest player in the ride-providing sector. The new entrant will compete with established unicorns - Ola and Uber.
Finance Minister Nirmala Sitharaman on Thursday said the budget to be presented on February 1, 2024, would not have any "spectacular announcement" as it would be a vote on account in the run-up to the general elections.
New Delhi: The Central government on Thursday issued a directive instructing sugar mills and distilleries to refrain from utilizing sugarcane juice for ethanol production in order to ensure a sufficient supply of sweetener for domestic use and keep prices under check.
Unemployment rate in India: Finance Minister Nirmala Sitharaman today said India continues to maintain the momentum of the fastest-growing major economy, with all sectors contributing significantly in economic activities. Replying to a short-duration discussion on the state of the economy in the Rajya Sabha, the minister also highlighted the various achievements of the Modi government since May 2014.
The Reserve Bank of India (RBI) is expected to announce the Repo rate on Friday with the financial market participants in India closely monitoring the outcome and the policy stance of the central bank for fresh cues. As things stand, the monetary policy committee is most likely to maintain status quo.
The CBI has registered an FIR in a case in which over 41,000 UCO Bank customers received surprise credits of varied amounts in their accounts, totalling Rs 820 crore, during November 10-13 without any corresponding debits in accounts from where the transfers originated, officials said on Tuesday.   Under an operation, which continued till Tuesday, the agency has searched 13 locations in multiple cities, including Kolkata and Mangalore, in connection with the case, they said.   The money landed in accounts of UCO Bank customers through 8.53 lakh Immediate Payment Service (IMPS) transactions originating from 14,000 account holders of private banks in three days, the officials said.
In a remarkable demonstration of television's enduring appeal, viewers in India have devoted an extra 53 minutes per week to their TV-watching habits compared to the previous year. This substantial increase not only reflects heightened engagement but also underscores a strengthened connection with the medium, challenging the evolving trends in media consumption. The data points towards television's resilience and continued relevance in the dynamic landscape of entertainment choices.
Finance Minister Nirmala Sitharaman has secured the 32nd position in Forbes' prestigious list of the world's most powerful women, sharing the spotlight with prominent figures like US Vice President Kamala Harris and musician Taylor Swift. The list also features three other accomplished Indian women: Roshni Nadar Malhotra, CEO of HCL Corporation (rank 60), Soma Mondal, Chairperson of Steel Authority of India (rank 70), and Kiran Mazumdar-Shaw, Founder of Biocon (rank 76).
In an early trading session, the stock markets witnessed a shift in momentum, putting an end to a seven-day rally. The benchmark Sensex recorded a decline of 211.21 points, settling at 69,442.52. With a mere 346 points away from the 70,000 milestone, the Sensex showcased resilience and strength. Simultaneously, the broader Nifty neared the 21,000 mark by escalating 82.60 points, or 0.40 per cent, concluding at a fresh summit of 20,937.70. In intra-day trading, the Nifty achieved a high of 20,961.95.
Bike-taxi and auto-aggregator company Rapido announced its foray into the cab services segment. With the announcement of entering into cab services, Rapido became the third biggest player in the ride-providing sector. The new entrant will compete with established unicorns - Ola and Uber.
Finance Minister Nirmala Sitharaman on Thursday said the budget to be presented on February 1, 2024, would not have any "spectacular announcement" as it would be a vote on account in the run-up to the general elections.
New Delhi: The Central government on Thursday issued a directive instructing sugar mills and distilleries to refrain from utilizing sugarcane juice for ethanol production in order to ensure a sufficient supply of sweetener for domestic use and keep prices under check.
Unemployment rate in India: Finance Minister Nirmala Sitharaman today said India continues to maintain the momentum of the fastest-growing major economy, with all sectors contributing significantly in economic activities. Replying to a short-duration discussion on the state of the economy in the Rajya Sabha, the minister also highlighted the various achievements of the Modi government since May 2014.
The Reserve Bank of India (RBI) on Friday kept the repo rate unchanged for the fifth time in a row as the monetary policy committee maintained a status quo.

Sensex rises 120 points to 69,642.41, Nifty climbs 46.05 pts

Friday 08 December 2023 05:01 AM UTC+00
Business news: Equity benchmarks Sensex and Nifty advanced in opening trade on Friday (December 8) as the Reserve Bank of India announced its monetary policy decision. Besides, buying in realty, metal and commodity stocks amid gains on Wall Street bolstered sentiments, traders said. The 30-share BSE Sensex rose 120.72 points, or 0.17 per cent, to 69,642.41. The broader index Nifty climbed 46.05 points, or 0.22 per cent to 20,947.20.
In a remarkable demonstration of television's enduring appeal, viewers in India have devoted an extra 53 minutes per week to their TV-watching habits compared to the previous year. This substantial increase not only reflects heightened engagement but also underscores a strengthened connection with the medium, challenging the evolving trends in media consumption. The data points towards television's resilience and continued relevance in the dynamic landscape of entertainment choices.
Finance Minister Nirmala Sitharaman has secured the 32nd position in Forbes' prestigious list of the world's most powerful women, sharing the spotlight with prominent figures like US Vice President Kamala Harris and musician Taylor Swift. The list also features three other accomplished Indian women: Roshni Nadar Malhotra, CEO of HCL Corporation (rank 60), Soma Mondal, Chairperson of Steel Authority of India (rank 70), and Kiran Mazumdar-Shaw, Founder of Biocon (rank 76).
In an early trading session, the stock markets witnessed a shift in momentum, putting an end to a seven-day rally. The benchmark Sensex recorded a decline of 211.21 points, settling at 69,442.52. With a mere 346 points away from the 70,000 milestone, the Sensex showcased resilience and strength. Simultaneously, the broader Nifty neared the 21,000 mark by escalating 82.60 points, or 0.40 per cent, concluding at a fresh summit of 20,937.70. In intra-day trading, the Nifty achieved a high of 20,961.95.
Bike-taxi and auto-aggregator company Rapido announced its foray into the cab services segment. With the announcement of entering into cab services, Rapido became the third biggest player in the ride-providing sector. The new entrant will compete with established unicorns - Ola and Uber.
Finance Minister Nirmala Sitharaman on Thursday said the budget to be presented on February 1, 2024, would not have any "spectacular announcement" as it would be a vote on account in the run-up to the general elections.
New Delhi: The Central government on Thursday issued a directive instructing sugar mills and distilleries to refrain from utilizing sugarcane juice for ethanol production in order to ensure a sufficient supply of sweetener for domestic use and keep prices under check.
Unemployment rate in India: Finance Minister Nirmala Sitharaman today said India continues to maintain the momentum of the fastest-growing major economy, with all sectors contributing significantly in economic activities. Replying to a short-duration discussion on the state of the economy in the Rajya Sabha, the minister also highlighted the various achievements of the Modi government since May 2014.
The Reserve Bank of India (RBI) on Friday kept the repo rate unchanged for the fifth time in a row as the monetary policy committee maintained a status quo.
Business news: Equity benchmark Nifty touched a milestone of 21,000 in the afternoon trade on Friday (December 8), and the Sensex scaled its all-time intraday high of 69,888.33, soon after the Reserve Bank of India's decision to keep policy rates unchanged in line with market expectations. The 50-share benchmark index opened on a bullish note, after taking a breather on Thursday, and rose to 21,006.10. As many as 25 stocks were trading in the green, and 24 stocks defied the broader market and were trading in the negative territory.

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.
Finance Minister Nirmala Sitharaman has secured the 32nd position in Forbes' prestigious list of the world's most powerful women, sharing the spotlight with prominent figures like US Vice President Kamala Harris and musician Taylor Swift. The list also features three other accomplished Indian women: Roshni Nadar Malhotra, CEO of HCL Corporation (rank 60), Soma Mondal, Chairperson of Steel Authority of India (rank 70), and Kiran Mazumdar-Shaw, Founder of Biocon (rank 76).
In an early trading session, the stock markets witnessed a shift in momentum, putting an end to a seven-day rally. The benchmark Sensex recorded a decline of 211.21 points, settling at 69,442.52. With a mere 346 points away from the 70,000 milestone, the Sensex showcased resilience and strength. Simultaneously, the broader Nifty neared the 21,000 mark by escalating 82.60 points, or 0.40 per cent, concluding at a fresh summit of 20,937.70. In intra-day trading, the Nifty achieved a high of 20,961.95.
Bike-taxi and auto-aggregator company Rapido announced its foray into the cab services segment. With the announcement of entering into cab services, Rapido became the third biggest player in the ride-providing sector. The new entrant will compete with established unicorns - Ola and Uber.
Finance Minister Nirmala Sitharaman on Thursday said the budget to be presented on February 1, 2024, would not have any "spectacular announcement" as it would be a vote on account in the run-up to the general elections.
New Delhi: The Central government on Thursday issued a directive instructing sugar mills and distilleries to refrain from utilizing sugarcane juice for ethanol production in order to ensure a sufficient supply of sweetener for domestic use and keep prices under check.
Unemployment rate in India: Finance Minister Nirmala Sitharaman today said India continues to maintain the momentum of the fastest-growing major economy, with all sectors contributing significantly in economic activities. Replying to a short-duration discussion on the state of the economy in the Rajya Sabha, the minister also highlighted the various achievements of the Modi government since May 2014.
The Reserve Bank of India (RBI) on Friday kept the repo rate unchanged for the fifth time in a row as the monetary policy committee maintained a status quo.
Business news: Equity benchmark Nifty touched a milestone of 21,000 in the afternoon trade on Friday (December 8), and the Sensex scaled its all-time intraday high of 69,888.33, soon after the Reserve Bank of India's decision to keep policy rates unchanged in line with market expectations. The 50-share benchmark index opened on a bullish note, after taking a breather on Thursday, and rose to 21,006.10. As many as 25 stocks were trading in the green, and 24 stocks defied the broader market and were trading in the negative territory.

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.
Finance Minister Nirmala Sitharaman has secured the 32nd position in Forbes' prestigious list of the world's most powerful women, sharing the spotlight with prominent figures like US Vice President Kamala Harris and musician Taylor Swift. The list also features three other accomplished Indian women: Roshni Nadar Malhotra, CEO of HCL Corporation (rank 60), Soma Mondal, Chairperson of Steel Authority of India (rank 70), and Kiran Mazumdar-Shaw, Founder of Biocon (rank 76).
In an early trading session, the stock markets witnessed a shift in momentum, putting an end to a seven-day rally. The benchmark Sensex recorded a decline of 211.21 points, settling at 69,442.52. With a mere 346 points away from the 70,000 milestone, the Sensex showcased resilience and strength. Simultaneously, the broader Nifty neared the 21,000 mark by escalating 82.60 points, or 0.40 per cent, concluding at a fresh summit of 20,937.70. In intra-day trading, the Nifty achieved a high of 20,961.95.
Bike-taxi and auto-aggregator company Rapido announced its foray into the cab services segment. With the announcement of entering into cab services, Rapido became the third biggest player in the ride-providing sector. The new entrant will compete with established unicorns - Ola and Uber.
Finance Minister Nirmala Sitharaman on Thursday said the budget to be presented on February 1, 2024, would not have any "spectacular announcement" as it would be a vote on account in the run-up to the general elections.
New Delhi: The Central government on Thursday issued a directive instructing sugar mills and distilleries to refrain from utilizing sugarcane juice for ethanol production in order to ensure a sufficient supply of sweetener for domestic use and keep prices under check.
Unemployment rate in India: Finance Minister Nirmala Sitharaman today said India continues to maintain the momentum of the fastest-growing major economy, with all sectors contributing significantly in economic activities. Replying to a short-duration discussion on the state of the economy in the Rajya Sabha, the minister also highlighted the various achievements of the Modi government since May 2014.
The Reserve Bank of India (RBI) on Friday kept the repo rate unchanged for the fifth time in a row as the monetary policy committee maintained a status quo.
Business news: Equity benchmark Nifty touched a milestone of 21,000 in the afternoon trade on Friday (December 8), and the Sensex scaled its all-time intraday high of 69,888.33, soon after the Reserve Bank of India's decision to keep policy rates unchanged in line with market expectations. The 50-share benchmark index opened on a bullish note, after taking a breather on Thursday, and rose to 21,006.10. As many as 25 stocks were trading in the green, and 24 stocks defied the broader market and were trading in the negative territory.

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.
Finance Minister Nirmala Sitharaman has secured the 32nd position in Forbes' prestigious list of the world's most powerful women, sharing the spotlight with prominent figures like US Vice President Kamala Harris and musician Taylor Swift. The list also features three other accomplished Indian women: Roshni Nadar Malhotra, CEO of HCL Corporation (rank 60), Soma Mondal, Chairperson of Steel Authority of India (rank 70), and Kiran Mazumdar-Shaw, Founder of Biocon (rank 76).
In an early trading session, the stock markets witnessed a shift in momentum, putting an end to a seven-day rally. The benchmark Sensex recorded a decline of 211.21 points, settling at 69,442.52. With a mere 346 points away from the 70,000 milestone, the Sensex showcased resilience and strength. Simultaneously, the broader Nifty neared the 21,000 mark by escalating 82.60 points, or 0.40 per cent, concluding at a fresh summit of 20,937.70. In intra-day trading, the Nifty achieved a high of 20,961.95.
Bike-taxi and auto-aggregator company Rapido announced its foray into the cab services segment. With the announcement of entering into cab services, Rapido became the third biggest player in the ride-providing sector. The new entrant will compete with established unicorns - Ola and Uber.
Finance Minister Nirmala Sitharaman on Thursday said the budget to be presented on February 1, 2024, would not have any "spectacular announcement" as it would be a vote on account in the run-up to the general elections.
New Delhi: The Central government on Thursday issued a directive instructing sugar mills and distilleries to refrain from utilizing sugarcane juice for ethanol production in order to ensure a sufficient supply of sweetener for domestic use and keep prices under check.
Unemployment rate in India: Finance Minister Nirmala Sitharaman today said India continues to maintain the momentum of the fastest-growing major economy, with all sectors contributing significantly in economic activities. Replying to a short-duration discussion on the state of the economy in the Rajya Sabha, the minister also highlighted the various achievements of the Modi government since May 2014.
The Reserve Bank of India (RBI) on Friday kept the repo rate unchanged for the fifth time in a row as the monetary policy committee maintained a status quo.
Business news: Equity benchmark Nifty touched a milestone of 21,000 in the afternoon trade on Friday (December 8), and the Sensex scaled its all-time intraday high of 69,888.33, soon after the Reserve Bank of India's decision to keep policy rates unchanged in line with market expectations. The 50-share benchmark index opened on a bullish note, after taking a breather on Thursday, and rose to 21,006.10. As many as 25 stocks were trading in the green, and 24 stocks defied the broader market and were trading in the negative territory.

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.
Finance Minister Nirmala Sitharaman has secured the 32nd position in Forbes' prestigious list of the world's most powerful women, sharing the spotlight with prominent figures like US Vice President Kamala Harris and musician Taylor Swift. The list also features three other accomplished Indian women: Roshni Nadar Malhotra, CEO of HCL Corporation (rank 60), Soma Mondal, Chairperson of Steel Authority of India (rank 70), and Kiran Mazumdar-Shaw, Founder of Biocon (rank 76).
In an early trading session, the stock markets witnessed a shift in momentum, putting an end to a seven-day rally. The benchmark Sensex recorded a decline of 211.21 points, settling at 69,442.52. With a mere 346 points away from the 70,000 milestone, the Sensex showcased resilience and strength. Simultaneously, the broader Nifty neared the 21,000 mark by escalating 82.60 points, or 0.40 per cent, concluding at a fresh summit of 20,937.70. In intra-day trading, the Nifty achieved a high of 20,961.95.
Bike-taxi and auto-aggregator company Rapido announced its foray into the cab services segment. With the announcement of entering into cab services, Rapido became the third biggest player in the ride-providing sector. The new entrant will compete with established unicorns - Ola and Uber.
Finance Minister Nirmala Sitharaman on Thursday said the budget to be presented on February 1, 2024, would not have any "spectacular announcement" as it would be a vote on account in the run-up to the general elections.
New Delhi: The Central government on Thursday issued a directive instructing sugar mills and distilleries to refrain from utilizing sugarcane juice for ethanol production in order to ensure a sufficient supply of sweetener for domestic use and keep prices under check.
Unemployment rate in India: Finance Minister Nirmala Sitharaman today said India continues to maintain the momentum of the fastest-growing major economy, with all sectors contributing significantly in economic activities. Replying to a short-duration discussion on the state of the economy in the Rajya Sabha, the minister also highlighted the various achievements of the Modi government since May 2014.
The Reserve Bank of India (RBI) on Friday kept the repo rate unchanged for the fifth time in a row as the monetary policy committee maintained a status quo.
Business news: Equity benchmark Nifty touched a milestone of 21,000 in the afternoon trade on Friday (December 8), and the Sensex scaled its all-time intraday high of 69,888.33, soon after the Reserve Bank of India's decision to keep policy rates unchanged in line with market expectations. The 50-share benchmark index opened on a bullish note, after taking a breather on Thursday, and rose to 21,006.10. As many as 25 stocks were trading in the green, and 24 stocks defied the broader market and were trading in the negative territory.

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.
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