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IndiaTV Business: Google News Feed: Digest for January 15, 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.
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.
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.
The real estate market is on a strong footing, and the segment is poised to grow vigorously in the coming years. The regulatory bodies and government have played a pivotal role in growth by integrating affordability and long-term sustainability. Lowering the lending rates in the affordable segment and tweaking the definition of affordability so that a greater number of households can come under its ambit are key demands from the developers.
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.
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.
The real estate market is on a strong footing, and the segment is poised to grow vigorously in the coming years. The regulatory bodies and government have played a pivotal role in growth by integrating affordability and long-term sustainability. Lowering the lending rates in the affordable segment and tweaking the definition of affordability so that a greater number of households can come under its ambit are key demands from the developers.
The domestic pharmaceutical industry is expected to see another year of sustained growth amid various challenges, including maintaining quality standards, while moving from volume to value leadership. The industry, known for catering to global markets with affordable generic products, expects to further leverage collaborative efforts, invest in R&D and uphold quality standards to meet the evolving healthcare needs.
The stock market has always been a key indicator of a country's success over time. Market development is directly proportional to economic development. Currently, there are more than 60 stock exchanges in the world. But not every stock exchange is successful. Some are still in the developing phase, whereas others, like NASDAQ, the New York Stock Exchange, and the London Stock Exchange, are already in their developed arenas.
Budget carrier IndiGo has announced direct flights between Mumbai and Ayodhya from January 15, informed the airlines. 
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.
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.
The real estate market is on a strong footing, and the segment is poised to grow vigorously in the coming years. The regulatory bodies and government have played a pivotal role in growth by integrating affordability and long-term sustainability. Lowering the lending rates in the affordable segment and tweaking the definition of affordability so that a greater number of households can come under its ambit are key demands from the developers.
The domestic pharmaceutical industry is expected to see another year of sustained growth amid various challenges, including maintaining quality standards, while moving from volume to value leadership. The industry, known for catering to global markets with affordable generic products, expects to further leverage collaborative efforts, invest in R&D and uphold quality standards to meet the evolving healthcare needs.
The stock market has always been a key indicator of a country's success over time. Market development is directly proportional to economic development. Currently, there are more than 60 stock exchanges in the world. But not every stock exchange is successful. Some are still in the developing phase, whereas others, like NASDAQ, the New York Stock Exchange, and the London Stock Exchange, are already in their developed arenas.
Budget carrier IndiGo has announced direct flights between Mumbai and Ayodhya from January 15, informed the airlines. 
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