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

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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.
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.

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.
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.

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.
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.

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.
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.

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.
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