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IndiaTV Business: Google News Feed: Digest for January 11, 2024

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Gujarat Chief Minister Bhupendra Patel has said his government has set a target to contribute 10 per cent to India's GDP and become a USD 500 billion economy by 2026-27.
Tata Starbucks has unveiled plans to significantly expand its footprint in India, aiming to grow its current count of 390 stores to a massive 1,000 stores by 2028. As part of an equal joint venture between the Tata Group and Starbucks, the company is set to accelerate its presence by opening a new store approximately every three days. This expansion strategy will extend to include tier-2 and tier-3 cities, a move signalling their intent to broaden accessibility across India.
Private equity investments in real estate declined 26 per cent year-on-year to USD 2.65 billion in the April-December period of this fiscal as foreign and domestic investors were cautious amid global uncertainties, according to Anarock.

JSW Steel crude steel production rises 12 per cent YoY in Q3

Tuesday 09 January 2024 09:49 AM UTC+00
JSW Steel recorded a 12 per cent year-on-year surge in its crude steel production for the third quarter of FY24. The company posted a production of 6.87 million tonnes, marking an 8 per cent rise from the previous quarter, primarily attributed to escalated demand triggered by increased infrastructure projects.
The BSE Sensex rose by 30.99 points to end Tuesday's trading session at 71,386.21, while the Nifty index climbed by 31.85 points to settle at 21,544.85.
White collar hiring in India witnessed a 16 per cent decline in December compared to the year-ago period due to cautious hiring sentiments in the IT, BPO, education, retail, and healthcare sectors, a report said on Tuesday.
An additional 6.4 crore homes are projected to be needed by 2036 due to population growth, according to a report by CREDAI-Liases Foras. The report was released during the New India Summit in Varanasi, jointly presented by real estate apex body CREDAI in collaboration with data analytics firm Liases Foras.
The Directorate General of Civil Aviation (DGCA) said on Tuesday that 40 Boeing 737 Max planes of domestic carriers have been inspected for possible loose hardware, and a washer was missing in one aircraft where rectification was done. Akasa Air, Air India Express, and SpiceJet collectively operate 40 Boeing 737 Max planes within their fleets.
Gujarat Chief Minister Bhupendra Patel has said that Gujarat International Finance Tec (GIFT) City will become one of the world's premier international financial centres in the coming years. He mentioned plans for significant infrastructure expansion, projecting a land area of around 3,400 acres, and the development of a riverfront featuring international-level retail, recreation, and entertainment zones.

India, Sri Lanka discuss UPI payment system's early launch

Tuesday 09 January 2024 05:24 PM UTC+00
Six months after it was announced by the heads of both countries, India has discussed the early launch of the UPI payment system with Sri Lanka and reiterated its support in the cash-strapped island nation's debt restructuring process.
Gujarat Chief Minister Bhupendra Patel has said his government has set a target to contribute 10 per cent to India's GDP and become a USD 500 billion economy by 2026-27.
Tata Starbucks has unveiled plans to significantly expand its footprint in India, aiming to grow its current count of 390 stores to a massive 1,000 stores by 2028. As part of an equal joint venture between the Tata Group and Starbucks, the company is set to accelerate its presence by opening a new store approximately every three days. This expansion strategy will extend to include tier-2 and tier-3 cities, a move signalling their intent to broaden accessibility across India.
Private equity investments in real estate declined 26 per cent year-on-year to USD 2.65 billion in the April-December period of this fiscal as foreign and domestic investors were cautious amid global uncertainties, according to Anarock.

JSW Steel crude steel production rises 12 per cent YoY in Q3

Tuesday 09 January 2024 09:49 AM UTC+00
JSW Steel recorded a 12 per cent year-on-year surge in its crude steel production for the third quarter of FY24. The company posted a production of 6.87 million tonnes, marking an 8 per cent rise from the previous quarter, primarily attributed to escalated demand triggered by increased infrastructure projects.
The BSE Sensex rose by 30.99 points to end Tuesday's trading session at 71,386.21, while the Nifty index climbed by 31.85 points to settle at 21,544.85.
White collar hiring in India witnessed a 16 per cent decline in December compared to the year-ago period due to cautious hiring sentiments in the IT, BPO, education, retail, and healthcare sectors, a report said on Tuesday.
An additional 6.4 crore homes are projected to be needed by 2036 due to population growth, according to a report by CREDAI-Liases Foras. The report was released during the New India Summit in Varanasi, jointly presented by real estate apex body CREDAI in collaboration with data analytics firm Liases Foras.
The Directorate General of Civil Aviation (DGCA) said on Tuesday that 40 Boeing 737 Max planes of domestic carriers have been inspected for possible loose hardware, and a washer was missing in one aircraft where rectification was done. Akasa Air, Air India Express, and SpiceJet collectively operate 40 Boeing 737 Max planes within their fleets.

India, Sri Lanka discuss UPI payment system's early launch

Tuesday 09 January 2024 05:24 PM UTC+00
Six months after it was announced by the heads of both countries, India has discussed the early launch of the UPI payment system with Sri Lanka and reiterated its support in the cash-strapped island nation's debt restructuring process.
Stock markets update: After three consecutive days of positive rally, the stock markets of Wednesday once again opened in red amid weak global clues. The 30-share BSE Sensex dropped 81.35 points to 71,304.86 in early trade. Meanwhile, the Nifty fell by 27 points to 21,517.85. 
Tata Starbucks has unveiled plans to significantly expand its footprint in India, aiming to grow its current count of 390 stores to a massive 1,000 stores by 2028. As part of an equal joint venture between the Tata Group and Starbucks, the company is set to accelerate its presence by opening a new store approximately every three days. This expansion strategy will extend to include tier-2 and tier-3 cities, a move signalling their intent to broaden accessibility across India.
Private equity investments in real estate declined 26 per cent year-on-year to USD 2.65 billion in the April-December period of this fiscal as foreign and domestic investors were cautious amid global uncertainties, according to Anarock.
The BSE Sensex rose by 30.99 points to end Tuesday's trading session at 71,386.21, while the Nifty index climbed by 31.85 points to settle at 21,544.85.
White collar hiring in India witnessed a 16 per cent decline in December compared to the year-ago period due to cautious hiring sentiments in the IT, BPO, education, retail, and healthcare sectors, a report said on Tuesday.
An additional 6.4 crore homes are projected to be needed by 2036 due to population growth, according to a report by CREDAI-Liases Foras. The report was released during the New India Summit in Varanasi, jointly presented by real estate apex body CREDAI in collaboration with data analytics firm Liases Foras.
The Directorate General of Civil Aviation (DGCA) said on Tuesday that 40 Boeing 737 Max planes of domestic carriers have been inspected for possible loose hardware, and a washer was missing in one aircraft where rectification was done. Akasa Air, Air India Express, and SpiceJet collectively operate 40 Boeing 737 Max planes within their fleets.

India, Sri Lanka discuss UPI payment system's early launch

Tuesday 09 January 2024 05:24 PM UTC+00
Six months after it was announced by the heads of both countries, India has discussed the early launch of the UPI payment system with Sri Lanka and reiterated its support in the cash-strapped island nation's debt restructuring process.
Stock markets update: After three consecutive days of positive rally, the stock markets of Wednesday once again opened in red amid weak global clues. The 30-share BSE Sensex dropped 81.35 points to 71,304.86 in early trade. Meanwhile, the Nifty fell by 27 points to 21,517.85. 
The Adani Group revealed its plans to invest a massive sum of Rs 2 lakh crore in Gujarat in the field of green energy and renewable sectors over the next five years. Speaking at the Vibrant Gujarat Summit 2024, Adani Group chairman Gautam Adani said that the investment would help in generating over 1 lakh direct and indirect jobs. 
Prime Minister Narendra Modi Vibrant Gujarat Global Summit 2024 in Gandhinagar said that it is the responsibility of the government that India should be a developed nation by 2047. On Tuesday, a bilateral meeting was held between Prime Minister Narendra Modi and United Arab Emirates President Mohamed bin Zayed Al Nahyan where several MoUs were signed. The UAE president is the chief guest at the 10th edition of the Vibrant Gujarat Global Summit (VGGS) which will be inaugurated by PM Modi at Mahatma Mandir Convention Centre in Gandhinagar on Wednesday. UPDATES
The BSE Sensex rose by 30.99 points to end Tuesday's trading session at 71,386.21, while the Nifty index climbed by 31.85 points to settle at 21,544.85.
White collar hiring in India witnessed a 16 per cent decline in December compared to the year-ago period due to cautious hiring sentiments in the IT, BPO, education, retail, and healthcare sectors, a report said on Tuesday.
An additional 6.4 crore homes are projected to be needed by 2036 due to population growth, according to a report by CREDAI-Liases Foras. The report was released during the New India Summit in Varanasi, jointly presented by real estate apex body CREDAI in collaboration with data analytics firm Liases Foras.
The Directorate General of Civil Aviation (DGCA) said on Tuesday that 40 Boeing 737 Max planes of domestic carriers have been inspected for possible loose hardware, and a washer was missing in one aircraft where rectification was done. Akasa Air, Air India Express, and SpiceJet collectively operate 40 Boeing 737 Max planes within their fleets.

India, Sri Lanka discuss UPI payment system's early launch

Tuesday 09 January 2024 05:24 PM UTC+00
Six months after it was announced by the heads of both countries, India has discussed the early launch of the UPI payment system with Sri Lanka and reiterated its support in the cash-strapped island nation's debt restructuring process.
Stock markets update: After three consecutive days of positive rally, the stock markets of Wednesday once again opened in red amid weak global clues. The 30-share BSE Sensex dropped 81.35 points to 71,304.86 in early trade. Meanwhile, the Nifty fell by 27 points to 21,517.85. 
The Adani Group revealed its plans to invest a massive sum of Rs 2 lakh crore in Gujarat in the field of green energy and renewable sectors over the next five years. Speaking at the Vibrant Gujarat Summit 2024, Adani Group chairman Gautam Adani said that the investment would help in generating over 1 lakh direct and indirect jobs. 
Prime Minister Narendra Modi Vibrant Gujarat Global Summit 2024 in Gandhinagar said that it is the responsibility of the government that India should be a developed nation by 2047. On Tuesday, a bilateral meeting was held between Prime Minister Narendra Modi and United Arab Emirates President Mohamed bin Zayed Al Nahyan where several MoUs were signed. The UAE president is the chief guest at the 10th edition of the Vibrant Gujarat Global Summit (VGGS) which will be inaugurated by PM Modi at Mahatma Mandir Convention Centre in Gandhinagar on Wednesday. UPDATES
Ram temple inauguration: Radisson Hotel Group on Wednesday announced the opening of its new hotel in Ayodhya, ahead of the inauguration of Ram Temple in the city on January 22. With the inauguration of the temple expected to stimulate religious tourism, hotel chains are strategically increasing their focus on the destination in anticipation of a surge in demand.
In a remarkable turnaround, the Indian equity benchmarks, Sensex and Nifty, experienced a late surge, closing higher on Wednesday, bolstered by robust buying in key players like Reliance Industries (RIL), ICICI Bank, and HDFC Bank. Despite a subdued start, the BSE benchmark witnessed fluctuations between gains and losses before concluding 271.50 points, or 0.38%, higher at 71,657.71. The index fluctuated between a low of 71,110.98 and a high of 71,733.84 during the trading session. The Nifty also saw an upswing, gaining 73.85 points, or 0.34%, and settling at 21,618.70.
The BSE Sensex rose by 30.99 points to end Tuesday's trading session at 71,386.21, while the Nifty index climbed by 31.85 points to settle at 21,544.85.
White collar hiring in India witnessed a 16 per cent decline in December compared to the year-ago period due to cautious hiring sentiments in the IT, BPO, education, retail, and healthcare sectors, a report said on Tuesday.
An additional 6.4 crore homes are projected to be needed by 2036 due to population growth, according to a report by CREDAI-Liases Foras. The report was released during the New India Summit in Varanasi, jointly presented by real estate apex body CREDAI in collaboration with data analytics firm Liases Foras.
The Directorate General of Civil Aviation (DGCA) said on Tuesday that 40 Boeing 737 Max planes of domestic carriers have been inspected for possible loose hardware, and a washer was missing in one aircraft where rectification was done. Akasa Air, Air India Express, and SpiceJet collectively operate 40 Boeing 737 Max planes within their fleets.

India, Sri Lanka discuss UPI payment system's early launch

Tuesday 09 January 2024 05:24 PM UTC+00
Six months after it was announced by the heads of both countries, India has discussed the early launch of the UPI payment system with Sri Lanka and reiterated its support in the cash-strapped island nation's debt restructuring process.
Stock markets update: After three consecutive days of positive rally, the stock markets of Wednesday once again opened in red amid weak global clues. The 30-share BSE Sensex dropped 81.35 points to 71,304.86 in early trade. Meanwhile, the Nifty fell by 27 points to 21,517.85. 
The Adani Group revealed its plans to invest a massive sum of Rs 2 lakh crore in Gujarat in the field of green energy and renewable sectors over the next five years. Speaking at the Vibrant Gujarat Summit 2024, Adani Group chairman Gautam Adani said that the investment would help in generating over 1 lakh direct and indirect jobs. 
Prime Minister Narendra Modi Vibrant Gujarat Global Summit 2024 in Gandhinagar said that it is the responsibility of the government that India should be a developed nation by 2047. On Tuesday, a bilateral meeting was held between Prime Minister Narendra Modi and United Arab Emirates President Mohamed bin Zayed Al Nahyan where several MoUs were signed. The UAE president is the chief guest at the 10th edition of the Vibrant Gujarat Global Summit (VGGS) which will be inaugurated by PM Modi at Mahatma Mandir Convention Centre in Gandhinagar on Wednesday. UPDATES
Ram temple inauguration: Radisson Hotel Group on Wednesday announced the opening of its new hotel in Ayodhya, ahead of the inauguration of Ram Temple in the city on January 22. With the inauguration of the temple expected to stimulate religious tourism, hotel chains are strategically increasing their focus on the destination in anticipation of a surge in demand.
In a remarkable turnaround, the Indian equity benchmarks, Sensex and Nifty, experienced a late surge, closing higher on Wednesday, bolstered by robust buying in key players like Reliance Industries (RIL), ICICI Bank, and HDFC Bank. Despite a subdued start, the BSE benchmark witnessed fluctuations between gains and losses before concluding 271.50 points, or 0.38%, higher at 71,657.71. The index fluctuated between a low of 71,110.98 and a high of 71,733.84 during the trading session. The Nifty also saw an upswing, gaining 73.85 points, or 0.34%, and settling at 21,618.70.
The BSE Sensex rose by 30.99 points to end Tuesday's trading session at 71,386.21, while the Nifty index climbed by 31.85 points to settle at 21,544.85.
White collar hiring in India witnessed a 16 per cent decline in December compared to the year-ago period due to cautious hiring sentiments in the IT, BPO, education, retail, and healthcare sectors, a report said on Tuesday.
The Directorate General of Civil Aviation (DGCA) said on Tuesday that 40 Boeing 737 Max planes of domestic carriers have been inspected for possible loose hardware, and a washer was missing in one aircraft where rectification was done. Akasa Air, Air India Express, and SpiceJet collectively operate 40 Boeing 737 Max planes within their fleets.

India, Sri Lanka discuss UPI payment system's early launch

Tuesday 09 January 2024 05:24 PM UTC+00
Six months after it was announced by the heads of both countries, India has discussed the early launch of the UPI payment system with Sri Lanka and reiterated its support in the cash-strapped island nation's debt restructuring process.
Stock markets update: After three consecutive days of positive rally, the stock markets of Wednesday once again opened in red amid weak global clues. The 30-share BSE Sensex dropped 81.35 points to 71,304.86 in early trade. Meanwhile, the Nifty fell by 27 points to 21,517.85. 
The Adani Group revealed its plans to invest a massive sum of Rs 2 lakh crore in Gujarat in the field of green energy and renewable sectors over the next five years. Speaking at the Vibrant Gujarat Summit 2024, Adani Group chairman Gautam Adani said that the investment would help in generating over 1 lakh direct and indirect jobs. 
Prime Minister Narendra Modi Vibrant Gujarat Global Summit 2024 in Gandhinagar said that it is the responsibility of the government that India should be a developed nation by 2047. On Tuesday, a bilateral meeting was held between Prime Minister Narendra Modi and United Arab Emirates President Mohamed bin Zayed Al Nahyan where several MoUs were signed. The UAE president is the chief guest at the 10th edition of the Vibrant Gujarat Global Summit (VGGS) which will be inaugurated by PM Modi at Mahatma Mandir Convention Centre in Gandhinagar on Wednesday. UPDATES
Ram temple inauguration: Radisson Hotel Group on Wednesday announced the opening of its new hotel in Ayodhya, ahead of the inauguration of Ram Temple in the city on January 22. With the inauguration of the temple expected to stimulate religious tourism, hotel chains are strategically increasing their focus on the destination in anticipation of a surge in demand.
In a remarkable turnaround, the Indian equity benchmarks, Sensex and Nifty, experienced a late surge, closing higher on Wednesday, bolstered by robust buying in key players like Reliance Industries (RIL), ICICI Bank, and HDFC Bank. Despite a subdued start, the BSE benchmark witnessed fluctuations between gains and losses before concluding 271.50 points, or 0.38%, higher at 71,657.71. The index fluctuated between a low of 71,110.98 and a high of 71,733.84 during the trading session. The Nifty also saw an upswing, gaining 73.85 points, or 0.34%, and settling at 21,618.70.
SpiceJet CEO Ajay Singh on Wednesday said his airline will soon start flights to Lakshadweep and Ayodhya. "SpiceJet will soon launch flights to Lakshadweep as well as to Ayodhya," said Singh asserting the latest fund infusion will help the airline become more stronger.
The BSE Sensex rose by 30.99 points to end Tuesday's trading session at 71,386.21, while the Nifty index climbed by 31.85 points to settle at 21,544.85.
White collar hiring in India witnessed a 16 per cent decline in December compared to the year-ago period due to cautious hiring sentiments in the IT, BPO, education, retail, and healthcare sectors, a report said on Tuesday.
The Directorate General of Civil Aviation (DGCA) said on Tuesday that 40 Boeing 737 Max planes of domestic carriers have been inspected for possible loose hardware, and a washer was missing in one aircraft where rectification was done. Akasa Air, Air India Express, and SpiceJet collectively operate 40 Boeing 737 Max planes within their fleets.

India, Sri Lanka discuss UPI payment system's early launch

Tuesday 09 January 2024 05:24 PM UTC+00
Six months after it was announced by the heads of both countries, India has discussed the early launch of the UPI payment system with Sri Lanka and reiterated its support in the cash-strapped island nation's debt restructuring process.
Stock markets update: After three consecutive days of positive rally, the stock markets of Wednesday once again opened in red amid weak global clues. The 30-share BSE Sensex dropped 81.35 points to 71,304.86 in early trade. Meanwhile, the Nifty fell by 27 points to 21,517.85. 
The Adani Group revealed its plans to invest a massive sum of Rs 2 lakh crore in Gujarat in the field of green energy and renewable sectors over the next five years. Speaking at the Vibrant Gujarat Summit 2024, Adani Group chairman Gautam Adani said that the investment would help in generating over 1 lakh direct and indirect jobs. 
Prime Minister Narendra Modi Vibrant Gujarat Global Summit 2024 in Gandhinagar said that it is the responsibility of the government that India should be a developed nation by 2047. On Tuesday, a bilateral meeting was held between Prime Minister Narendra Modi and United Arab Emirates President Mohamed bin Zayed Al Nahyan where several MoUs were signed. The UAE president is the chief guest at the 10th edition of the Vibrant Gujarat Global Summit (VGGS) which will be inaugurated by PM Modi at Mahatma Mandir Convention Centre in Gandhinagar on Wednesday. UPDATES
Ram temple inauguration: Radisson Hotel Group on Wednesday announced the opening of its new hotel in Ayodhya, ahead of the inauguration of Ram Temple in the city on January 22. With the inauguration of the temple expected to stimulate religious tourism, hotel chains are strategically increasing their focus on the destination in anticipation of a surge in demand.
In a remarkable turnaround, the Indian equity benchmarks, Sensex and Nifty, experienced a late surge, closing higher on Wednesday, bolstered by robust buying in key players like Reliance Industries (RIL), ICICI Bank, and HDFC Bank. Despite a subdued start, the BSE benchmark witnessed fluctuations between gains and losses before concluding 271.50 points, or 0.38%, higher at 71,657.71. The index fluctuated between a low of 71,110.98 and a high of 71,733.84 during the trading session. The Nifty also saw an upswing, gaining 73.85 points, or 0.34%, and settling at 21,618.70.
SpiceJet CEO Ajay Singh on Wednesday said his airline will soon start flights to Lakshadweep and Ayodhya. "SpiceJet will soon launch flights to Lakshadweep as well as to Ayodhya," said Singh asserting the latest fund infusion will help the airline become more stronger.
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