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IndiaTV Business: Google News Feed: Digest for January 16, 2024

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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. 
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. 
Stock markets update: In a significant development, the Sensex breached the 73,000 mark for the first time to hit a fresh record peak in early trade on Monday. On the other hand, Nifty has gone past the 22,000 level. 
Nearly 40 per cent of global jobs will be impacted by artificial intelligence, with advanced economies facing more exposure than emerging markets and low-income countries, according to an International Monetary Fund analysis.
Wipro shares rose over 13 per cent in early trading on Monday, reaching a 52-week high of Rs 529, despite the company reporting weaker-than-expected results for the third quarter.
The rupee strengthened by 18 paise against the US dollar in early trade on Monday, reaching 82.77, supported by robust performance in domestic equities that reached record highs.
The pharmaceutical industry has requested fiscal incentives to boost research and development (R&D) as it anticipates reaching a market size of USD 400–450 billion by 2047.
The Wholesale Price Index (WPI)-based inflation rose by 0.73 per cent in December, primarily driven by an increase in food prices.
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. 
Stock markets update: In a significant development, the Sensex breached the 73,000 mark for the first time to hit a fresh record peak in early trade on Monday. On the other hand, Nifty has gone past the 22,000 level. 
Nearly 40 per cent of global jobs will be impacted by artificial intelligence, with advanced economies facing more exposure than emerging markets and low-income countries, according to an International Monetary Fund analysis.
Wipro shares rose over 13 per cent in early trading on Monday, reaching a 52-week high of Rs 529, despite the company reporting weaker-than-expected results for the third quarter.
The rupee strengthened by 18 paise against the US dollar in early trade on Monday, reaching 82.77, supported by robust performance in domestic equities that reached record highs.
The pharmaceutical industry has requested fiscal incentives to boost research and development (R&D) as it anticipates reaching a market size of USD 400–450 billion by 2047.
The Wholesale Price Index (WPI)-based inflation rose by 0.73 per cent in December, primarily driven by an increase in food prices.
The Sensex surged by 759.49 points, or 1.05 per cent, closing at 73,327.94, while the Nifty rose by 203 points, or 0.93 percent, concluding at 22,097.50.
The rupee continued its upward trend for the ninth consecutive session, closing 6 paise higher at 82.89 against the US dollar on Monday.
Stock markets update: In a significant development, the Sensex breached the 73,000 mark for the first time to hit a fresh record peak in early trade on Monday. On the other hand, Nifty has gone past the 22,000 level. 
Nearly 40 per cent of global jobs will be impacted by artificial intelligence, with advanced economies facing more exposure than emerging markets and low-income countries, according to an International Monetary Fund analysis.
Wipro shares rose over 13 per cent in early trading on Monday, reaching a 52-week high of Rs 529, despite the company reporting weaker-than-expected results for the third quarter.
The rupee strengthened by 18 paise against the US dollar in early trade on Monday, reaching 82.77, supported by robust performance in domestic equities that reached record highs.
The pharmaceutical industry has requested fiscal incentives to boost research and development (R&D) as it anticipates reaching a market size of USD 400–450 billion by 2047.
The Wholesale Price Index (WPI)-based inflation rose by 0.73 per cent in December, primarily driven by an increase in food prices.
The Sensex surged by 759.49 points, or 1.05 per cent, closing at 73,327.94, while the Nifty rose by 203 points, or 0.93 percent, concluding at 22,097.50.
The rupee continued its upward trend for the ninth consecutive session, closing 6 paise higher at 82.89 against the US dollar on Monday.
The consecration ceremony of the Ram temple in Ayodhya on January 22 is expected to generate business worth Rs 1 lakh crore, according to a report by the Confederation of All India Traders (CAIT). The estimate is based on feedback received from trade associations in 30 cities across different states.
Over 24.82 crore people in India have escaped multidimensional poverty over the last nine years, according to a NITI Aayog report. 
Stock markets update: In a significant development, the Sensex breached the 73,000 mark for the first time to hit a fresh record peak in early trade on Monday. On the other hand, Nifty has gone past the 22,000 level. 
Nearly 40 per cent of global jobs will be impacted by artificial intelligence, with advanced economies facing more exposure than emerging markets and low-income countries, according to an International Monetary Fund analysis.
Wipro shares rose over 13 per cent in early trading on Monday, reaching a 52-week high of Rs 529, despite the company reporting weaker-than-expected results for the third quarter.
The rupee strengthened by 18 paise against the US dollar in early trade on Monday, reaching 82.77, supported by robust performance in domestic equities that reached record highs.
The pharmaceutical industry has requested fiscal incentives to boost research and development (R&D) as it anticipates reaching a market size of USD 400–450 billion by 2047.
The Wholesale Price Index (WPI)-based inflation rose by 0.73 per cent in December, primarily driven by an increase in food prices.
The Sensex surged by 759.49 points, or 1.05 per cent, closing at 73,327.94, while the Nifty rose by 203 points, or 0.93 percent, concluding at 22,097.50.
The rupee continued its upward trend for the ninth consecutive session, closing 6 paise higher at 82.89 against the US dollar on Monday.
The consecration ceremony of the Ram temple in Ayodhya on January 22 is expected to generate business worth Rs 1 lakh crore, according to a report by the Confederation of All India Traders (CAIT). The estimate is based on feedback received from trade associations in 30 cities across different states.
Over 24.82 crore people in India have escaped multidimensional poverty over the last nine years, according to a NITI Aayog report. 
Stock markets update: In a significant development, the Sensex breached the 73,000 mark for the first time to hit a fresh record peak in early trade on Monday. On the other hand, Nifty has gone past the 22,000 level. 
Nearly 40 per cent of global jobs will be impacted by artificial intelligence, with advanced economies facing more exposure than emerging markets and low-income countries, according to an International Monetary Fund analysis.
Wipro shares rose over 13 per cent in early trading on Monday, reaching a 52-week high of Rs 529, despite the company reporting weaker-than-expected results for the third quarter.
The rupee strengthened by 18 paise against the US dollar in early trade on Monday, reaching 82.77, supported by robust performance in domestic equities that reached record highs.
The pharmaceutical industry has requested fiscal incentives to boost research and development (R&D) as it anticipates reaching a market size of USD 400–450 billion by 2047.
The Wholesale Price Index (WPI)-based inflation rose by 0.73 per cent in December, primarily driven by an increase in food prices.
The Sensex surged by 759.49 points, or 1.05 per cent, closing at 73,327.94, while the Nifty rose by 203 points, or 0.93 percent, concluding at 22,097.50.
The rupee continued its upward trend for the ninth consecutive session, closing 6 paise higher at 82.89 against the US dollar on Monday.
The consecration ceremony of the Ram temple in Ayodhya on January 22 is expected to generate business worth Rs 1 lakh crore, according to a report by the Confederation of All India Traders (CAIT). The estimate is based on feedback received from trade associations in 30 cities across different states.
Over 24.82 crore people in India have escaped multidimensional poverty over the last nine years, according to a NITI Aayog report. 
Stock markets update: In a significant development, the Sensex breached the 73,000 mark for the first time to hit a fresh record peak in early trade on Monday. On the other hand, Nifty has gone past the 22,000 level. 
Nearly 40 per cent of global jobs will be impacted by artificial intelligence, with advanced economies facing more exposure than emerging markets and low-income countries, according to an International Monetary Fund analysis.
Wipro shares rose over 13 per cent in early trading on Monday, reaching a 52-week high of Rs 529, despite the company reporting weaker-than-expected results for the third quarter.
The rupee strengthened by 18 paise against the US dollar in early trade on Monday, reaching 82.77, supported by robust performance in domestic equities that reached record highs.
The pharmaceutical industry has requested fiscal incentives to boost research and development (R&D) as it anticipates reaching a market size of USD 400–450 billion by 2047.
The Wholesale Price Index (WPI)-based inflation rose by 0.73 per cent in December, primarily driven by an increase in food prices.
The Sensex surged by 759.49 points, or 1.05 per cent, closing at 73,327.94, while the Nifty rose by 203 points, or 0.93 percent, concluding at 22,097.50.
The rupee continued its upward trend for the ninth consecutive session, closing 6 paise higher at 82.89 against the US dollar on Monday.
The consecration ceremony of the Ram temple in Ayodhya on January 22 is expected to generate business worth Rs 1 lakh crore, according to a report by the Confederation of All India Traders (CAIT). The estimate is based on feedback received from trade associations in 30 cities across different states.
Over 24.82 crore people in India have escaped multidimensional poverty over the last nine years, according to a NITI Aayog report. 
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