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IndiaTV Business: Google News Feed: Digest for January 14, 2024

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Infosys shares surged over 7 per cent in early trading on Friday, contributing Rs 42,821.36 crore to its market valuation following the company's December quarter earnings, which met market expectations.
Tata Consultancy Services (TCS) shares rose over 4 per cent during early trade on Friday, contributing Rs 51,921.94 crore to its market valuation. The surge followed TCS reporting an 8.02 per cent growth in net income for the December quarter, amounting to Rs 11,735 crore.
Reliance Industries Limited (RIL) Chairman Mukesh Ambani has re-entered the exclusive USD 100 billion club following a significant surge in the shares of the company. The business personality has climbed to the 12th position on the Bloomberg Billionaires Index as his wealth surged by over USD 2.76 billion in a single day. This places him ahead of billionaire industrialist Gautam Adani, making Ambani Asia's richest person once again.
The blue-chip indexes Nifty and Sensex surged to new all-time highs on Friday on the back of gains in IT services firms, as their results and commentary surpassed expectations. This positive performance helped alleviate concerns about weak demand in the market. The BSE Sensex rose 847.27 points to settle at a record 72,568.45, while the Nifty index surged by 247.35 points to a record high of 21,894.55. 
Wipro reported a 12 percent year-on-year (YoY) decline in net profit at Rs 2,694 crore for the third quarter of the current financial year. This marks the fourth consecutive quarter in which the company has reported a fall in profits YoY.
The rupee strengthened for the eighth consecutive session and settled 11 paise higher at 82.90 against the US dollar on Friday, supported by robust sentiments in the equity markets.
HDFC Life Insurance, the third-largest private sector life insurance company, reported a 16 per cent growth in net income to Rs 365 crore for the December quarter. The increase was driven by a significant rise in investment gains, which surged to Rs 11,300 crore due to a massive market rally.
Annual retail inflation in India rose to 5.69 per cent in December from 5.55 per cent the previous month, according to government data. The increase was within the Reserve Bank of India's target range for the fourth consecutive month.
A day after the US Securities and Exchange Commission (SEC) permitted bitcoin exchange-traded funds (ETFs) to be listed on exchanges, RBI Governor Shaktikanta Das said that his view remains unchanged that cryptocurrencies pose a significant threat to the financial stability of emerging markets.
Budget 2024: The Budget Session of Parliament is expected to take place from January 31 to February 9, with President Droupadi Murmu delivering the opening address to the joint sitting of Lok Sabha and Rajya Sabha. The interim budget is expected to include fiscal measures, such as potential tax reductions, to address rising prices and ongoing inflationary trends.
Infosys shares surged over 7 per cent in early trading on Friday, contributing Rs 42,821.36 crore to its market valuation following the company's December quarter earnings, which met market expectations.
Tata Consultancy Services (TCS) shares rose over 4 per cent during early trade on Friday, contributing Rs 51,921.94 crore to its market valuation. The surge followed TCS reporting an 8.02 per cent growth in net income for the December quarter, amounting to Rs 11,735 crore.
Reliance Industries Limited (RIL) Chairman Mukesh Ambani has re-entered the exclusive USD 100 billion club following a significant surge in the shares of the company. The business personality has climbed to the 12th position on the Bloomberg Billionaires Index as his wealth surged by over USD 2.76 billion in a single day. This places him ahead of billionaire industrialist Gautam Adani, making Ambani Asia's richest person once again.
The blue-chip indexes Nifty and Sensex surged to new all-time highs on Friday on the back of gains in IT services firms, as their results and commentary surpassed expectations. This positive performance helped alleviate concerns about weak demand in the market. The BSE Sensex rose 847.27 points to settle at a record 72,568.45, while the Nifty index surged by 247.35 points to a record high of 21,894.55. 
Wipro reported a 12 percent year-on-year (YoY) decline in net profit at Rs 2,694 crore for the third quarter of the current financial year. This marks the fourth consecutive quarter in which the company has reported a fall in profits YoY.
The rupee strengthened for the eighth consecutive session and settled 11 paise higher at 82.90 against the US dollar on Friday, supported by robust sentiments in the equity markets.
HDFC Life Insurance, the third-largest private sector life insurance company, reported a 16 per cent growth in net income to Rs 365 crore for the December quarter. The increase was driven by a significant rise in investment gains, which surged to Rs 11,300 crore due to a massive market rally.
Annual retail inflation in India rose to 5.69 per cent in December from 5.55 per cent the previous month, according to government data. The increase was within the Reserve Bank of India's target range for the fourth consecutive month.
A day after the US Securities and Exchange Commission (SEC) permitted bitcoin exchange-traded funds (ETFs) to be listed on exchanges, RBI Governor Shaktikanta Das said that his view remains unchanged that cryptocurrencies pose a significant threat to the financial stability of emerging markets.
Budget 2024: The Budget Session of Parliament is expected to take place from January 31 to February 9, with President Droupadi Murmu delivering the opening address to the joint sitting of Lok Sabha and Rajya Sabha. The interim budget is expected to include fiscal measures, such as potential tax reductions, to address rising prices and ongoing inflationary trends.
Infosys shares surged over 7 per cent in early trading on Friday, contributing Rs 42,821.36 crore to its market valuation following the company's December quarter earnings, which met market expectations.
Tata Consultancy Services (TCS) shares rose over 4 per cent during early trade on Friday, contributing Rs 51,921.94 crore to its market valuation. The surge followed TCS reporting an 8.02 per cent growth in net income for the December quarter, amounting to Rs 11,735 crore.
Reliance Industries Limited (RIL) Chairman Mukesh Ambani has re-entered the exclusive USD 100 billion club following a significant surge in the shares of the company. The business personality has climbed to the 12th position on the Bloomberg Billionaires Index as his wealth surged by over USD 2.76 billion in a single day. This places him ahead of billionaire industrialist Gautam Adani, making Ambani Asia's richest person once again.
The blue-chip indexes Nifty and Sensex surged to new all-time highs on Friday on the back of gains in IT services firms, as their results and commentary surpassed expectations. This positive performance helped alleviate concerns about weak demand in the market. The BSE Sensex rose 847.27 points to settle at a record 72,568.45, while the Nifty index surged by 247.35 points to a record high of 21,894.55. 
Wipro reported a 12 percent year-on-year (YoY) decline in net profit at Rs 2,694 crore for the third quarter of the current financial year. This marks the fourth consecutive quarter in which the company has reported a fall in profits YoY.
The rupee strengthened for the eighth consecutive session and settled 11 paise higher at 82.90 against the US dollar on Friday, supported by robust sentiments in the equity markets.
HDFC Life Insurance, the third-largest private sector life insurance company, reported a 16 per cent growth in net income to Rs 365 crore for the December quarter. The increase was driven by a significant rise in investment gains, which surged to Rs 11,300 crore due to a massive market rally.
Annual retail inflation in India rose to 5.69 per cent in December from 5.55 per cent the previous month, according to government data. The increase was within the Reserve Bank of India's target range for the fourth consecutive month.
A day after the US Securities and Exchange Commission (SEC) permitted bitcoin exchange-traded funds (ETFs) to be listed on exchanges, RBI Governor Shaktikanta Das said that his view remains unchanged that cryptocurrencies pose a significant threat to the financial stability of emerging markets.
Budget 2024: The Budget Session of Parliament is expected to take place from January 31 to February 9, with President Droupadi Murmu delivering the opening address to the joint sitting of Lok Sabha and Rajya Sabha. The interim budget is expected to include fiscal measures, such as potential tax reductions, to address rising prices and ongoing inflationary trends.
Infosys shares surged over 7 per cent in early trading on Friday, contributing Rs 42,821.36 crore to its market valuation following the company's December quarter earnings, which met market expectations.
Tata Consultancy Services (TCS) shares rose over 4 per cent during early trade on Friday, contributing Rs 51,921.94 crore to its market valuation. The surge followed TCS reporting an 8.02 per cent growth in net income for the December quarter, amounting to Rs 11,735 crore.
The blue-chip indexes Nifty and Sensex surged to new all-time highs on Friday on the back of gains in IT services firms, as their results and commentary surpassed expectations. This positive performance helped alleviate concerns about weak demand in the market. The BSE Sensex rose 847.27 points to settle at a record 72,568.45, while the Nifty index surged by 247.35 points to a record high of 21,894.55. 
Wipro reported a 12 percent year-on-year (YoY) decline in net profit at Rs 2,694 crore for the third quarter of the current financial year. This marks the fourth consecutive quarter in which the company has reported a fall in profits YoY.
The rupee strengthened for the eighth consecutive session and settled 11 paise higher at 82.90 against the US dollar on Friday, supported by robust sentiments in the equity markets.
HDFC Life Insurance, the third-largest private sector life insurance company, reported a 16 per cent growth in net income to Rs 365 crore for the December quarter. The increase was driven by a significant rise in investment gains, which surged to Rs 11,300 crore due to a massive market rally.
Annual retail inflation in India rose to 5.69 per cent in December from 5.55 per cent the previous month, according to government data. The increase was within the Reserve Bank of India's target range for the fourth consecutive month.
A day after the US Securities and Exchange Commission (SEC) permitted bitcoin exchange-traded funds (ETFs) to be listed on exchanges, RBI Governor Shaktikanta Das said that his view remains unchanged that cryptocurrencies pose a significant threat to the financial stability of emerging markets.
Budget 2024: The Budget Session of Parliament is expected to take place from January 31 to February 9, with President Droupadi Murmu delivering the opening address to the joint sitting of Lok Sabha and Rajya Sabha. The interim budget is expected to include fiscal measures, such as potential tax reductions, to address rising prices and ongoing inflationary trends.
India's masur (lentil) production is estimated to touch an all-time high of 1.6 million tonnes in the 2023-24 rabi season on higher acreage, according to Consumer Affairs Secretary Rohit Kumar Singh. The production of Masur stood at 1.55 million tonnes in the 2022-23 rabi season, according to the official data.
Infosys shares surged over 7 per cent in early trading on Friday, contributing Rs 42,821.36 crore to its market valuation following the company's December quarter earnings, which met market expectations.
Tata Consultancy Services (TCS) shares rose over 4 per cent during early trade on Friday, contributing Rs 51,921.94 crore to its market valuation. The surge followed TCS reporting an 8.02 per cent growth in net income for the December quarter, amounting to Rs 11,735 crore.
The blue-chip indexes Nifty and Sensex surged to new all-time highs on Friday on the back of gains in IT services firms, as their results and commentary surpassed expectations. This positive performance helped alleviate concerns about weak demand in the market. The BSE Sensex rose 847.27 points to settle at a record 72,568.45, while the Nifty index surged by 247.35 points to a record high of 21,894.55. 
Wipro reported a 12 percent year-on-year (YoY) decline in net profit at Rs 2,694 crore for the third quarter of the current financial year. This marks the fourth consecutive quarter in which the company has reported a fall in profits YoY.
The rupee strengthened for the eighth consecutive session and settled 11 paise higher at 82.90 against the US dollar on Friday, supported by robust sentiments in the equity markets.
HDFC Life Insurance, the third-largest private sector life insurance company, reported a 16 per cent growth in net income to Rs 365 crore for the December quarter. The increase was driven by a significant rise in investment gains, which surged to Rs 11,300 crore due to a massive market rally.
Annual retail inflation in India rose to 5.69 per cent in December from 5.55 per cent the previous month, according to government data. The increase was within the Reserve Bank of India's target range for the fourth consecutive month.
A day after the US Securities and Exchange Commission (SEC) permitted bitcoin exchange-traded funds (ETFs) to be listed on exchanges, RBI Governor Shaktikanta Das said that his view remains unchanged that cryptocurrencies pose a significant threat to the financial stability of emerging markets.
Budget 2024: The Budget Session of Parliament is expected to take place from January 31 to February 9, with President Droupadi Murmu delivering the opening address to the joint sitting of Lok Sabha and Rajya Sabha. The interim budget is expected to include fiscal measures, such as potential tax reductions, to address rising prices and ongoing inflationary trends.
India's masur (lentil) production is estimated to touch an all-time high of 1.6 million tonnes in the 2023-24 rabi season on higher acreage, according to Consumer Affairs Secretary Rohit Kumar Singh. The production of Masur stood at 1.55 million tonnes in the 2022-23 rabi season, according to the official data.
Infosys shares surged over 7 per cent in early trading on Friday, contributing Rs 42,821.36 crore to its market valuation following the company's December quarter earnings, which met market expectations.
Tata Consultancy Services (TCS) shares rose over 4 per cent during early trade on Friday, contributing Rs 51,921.94 crore to its market valuation. The surge followed TCS reporting an 8.02 per cent growth in net income for the December quarter, amounting to Rs 11,735 crore.
The blue-chip indexes Nifty and Sensex surged to new all-time highs on Friday on the back of gains in IT services firms, as their results and commentary surpassed expectations. This positive performance helped alleviate concerns about weak demand in the market. The BSE Sensex rose 847.27 points to settle at a record 72,568.45, while the Nifty index surged by 247.35 points to a record high of 21,894.55. 
Wipro reported a 12 percent year-on-year (YoY) decline in net profit at Rs 2,694 crore for the third quarter of the current financial year. This marks the fourth consecutive quarter in which the company has reported a fall in profits YoY.
The rupee strengthened for the eighth consecutive session and settled 11 paise higher at 82.90 against the US dollar on Friday, supported by robust sentiments in the equity markets.
HDFC Life Insurance, the third-largest private sector life insurance company, reported a 16 per cent growth in net income to Rs 365 crore for the December quarter. The increase was driven by a significant rise in investment gains, which surged to Rs 11,300 crore due to a massive market rally.
Annual retail inflation in India rose to 5.69 per cent in December from 5.55 per cent the previous month, according to government data. The increase was within the Reserve Bank of India's target range for the fourth consecutive month.
A day after the US Securities and Exchange Commission (SEC) permitted bitcoin exchange-traded funds (ETFs) to be listed on exchanges, RBI Governor Shaktikanta Das said that his view remains unchanged that cryptocurrencies pose a significant threat to the financial stability of emerging markets.
Budget 2024: The Budget Session of Parliament is expected to take place from January 31 to February 9, with President Droupadi Murmu delivering the opening address to the joint sitting of Lok Sabha and Rajya Sabha. The interim budget is expected to include fiscal measures, such as potential tax reductions, to address rising prices and ongoing inflationary trends.
India's masur (lentil) production is estimated to touch an all-time high of 1.6 million tonnes in the 2023-24 rabi season on higher acreage, according to Consumer Affairs Secretary Rohit Kumar Singh. The production of Masur stood at 1.55 million tonnes in the 2022-23 rabi season, according to the official data.
Infosys shares surged over 7 per cent in early trading on Friday, contributing Rs 42,821.36 crore to its market valuation following the company's December quarter earnings, which met market expectations.
Tata Consultancy Services (TCS) shares rose over 4 per cent during early trade on Friday, contributing Rs 51,921.94 crore to its market valuation. The surge followed TCS reporting an 8.02 per cent growth in net income for the December quarter, amounting to Rs 11,735 crore.
The blue-chip indexes Nifty and Sensex surged to new all-time highs on Friday on the back of gains in IT services firms, as their results and commentary surpassed expectations. This positive performance helped alleviate concerns about weak demand in the market. The BSE Sensex rose 847.27 points to settle at a record 72,568.45, while the Nifty index surged by 247.35 points to a record high of 21,894.55. 
Wipro reported a 12 percent year-on-year (YoY) decline in net profit at Rs 2,694 crore for the third quarter of the current financial year. This marks the fourth consecutive quarter in which the company has reported a fall in profits YoY.
The rupee strengthened for the eighth consecutive session and settled 11 paise higher at 82.90 against the US dollar on Friday, supported by robust sentiments in the equity markets.
HDFC Life Insurance, the third-largest private sector life insurance company, reported a 16 per cent growth in net income to Rs 365 crore for the December quarter. The increase was driven by a significant rise in investment gains, which surged to Rs 11,300 crore due to a massive market rally.
Annual retail inflation in India rose to 5.69 per cent in December from 5.55 per cent the previous month, according to government data. The increase was within the Reserve Bank of India's target range for the fourth consecutive month.
A day after the US Securities and Exchange Commission (SEC) permitted bitcoin exchange-traded funds (ETFs) to be listed on exchanges, RBI Governor Shaktikanta Das said that his view remains unchanged that cryptocurrencies pose a significant threat to the financial stability of emerging markets.
Budget 2024: The Budget Session of Parliament is expected to take place from January 31 to February 9, with President Droupadi Murmu delivering the opening address to the joint sitting of Lok Sabha and Rajya Sabha. The interim budget is expected to include fiscal measures, such as potential tax reductions, to address rising prices and ongoing inflationary trends.
India's masur (lentil) production is estimated to touch an all-time high of 1.6 million tonnes in the 2023-24 rabi season on higher acreage, according to Consumer Affairs Secretary Rohit Kumar Singh. The production of Masur stood at 1.55 million tonnes in the 2022-23 rabi season, according to the official data.
Infosys shares surged over 7 per cent in early trading on Friday, contributing Rs 42,821.36 crore to its market valuation following the company's December quarter earnings, which met market expectations.
Tata Consultancy Services (TCS) shares rose over 4 per cent during early trade on Friday, contributing Rs 51,921.94 crore to its market valuation. The surge followed TCS reporting an 8.02 per cent growth in net income for the December quarter, amounting to Rs 11,735 crore.
The blue-chip indexes Nifty and Sensex surged to new all-time highs on Friday on the back of gains in IT services firms, as their results and commentary surpassed expectations. This positive performance helped alleviate concerns about weak demand in the market. The BSE Sensex rose 847.27 points to settle at a record 72,568.45, while the Nifty index surged by 247.35 points to a record high of 21,894.55. 
Wipro reported a 12 percent year-on-year (YoY) decline in net profit at Rs 2,694 crore for the third quarter of the current financial year. This marks the fourth consecutive quarter in which the company has reported a fall in profits YoY.
The rupee strengthened for the eighth consecutive session and settled 11 paise higher at 82.90 against the US dollar on Friday, supported by robust sentiments in the equity markets.
HDFC Life Insurance, the third-largest private sector life insurance company, reported a 16 per cent growth in net income to Rs 365 crore for the December quarter. The increase was driven by a significant rise in investment gains, which surged to Rs 11,300 crore due to a massive market rally.
Annual retail inflation in India rose to 5.69 per cent in December from 5.55 per cent the previous month, according to government data. The increase was within the Reserve Bank of India's target range for the fourth consecutive month.
A day after the US Securities and Exchange Commission (SEC) permitted bitcoin exchange-traded funds (ETFs) to be listed on exchanges, RBI Governor Shaktikanta Das said that his view remains unchanged that cryptocurrencies pose a significant threat to the financial stability of emerging markets.
Budget 2024: The Budget Session of Parliament is expected to take place from January 31 to February 9, with President Droupadi Murmu delivering the opening address to the joint sitting of Lok Sabha and Rajya Sabha. The interim budget is expected to include fiscal measures, such as potential tax reductions, to address rising prices and ongoing inflationary trends.
India's masur (lentil) production is estimated to touch an all-time high of 1.6 million tonnes in the 2023-24 rabi season on higher acreage, according to Consumer Affairs Secretary Rohit Kumar Singh. The production of Masur stood at 1.55 million tonnes in the 2022-23 rabi season, according to the official data.
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