-->

Ad Unit (Iklan) BIG

Home  ›  Uncategorized

IndiaTV Business: Google News Feed: Digest for January 17, 2024

IndiaTV Business: Google News Feed

IndiaTV: Business RSS Feed

Table of Contents

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. 
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.
About 24.82 crore people in India have escaped multidimensional poverty over the last nine years, according to a NITI Aayog report. 
Stock markets update: Equity benchmark indices Sensex and Nifty opened in red on Tuesday after making unprecedented gains a day earlier. The 30-share BSE Sensex fell 226.93 points to 73,101.01 in early trade. Meanwhile, the Nifty also declined by 68.25 points to 22,029.20. 
Jio Financial Services shares fell as much as 5.68 per cent in early trade on Tuesday after the company reported a 56 per cent decline in quarter-on-quarter (QoQ) net profits, falling from Rs 668.18 crore in Q2 FY24 to Rs 293.82 crore in the reviewed period. 
Jyoti CNC Automation shares were listed at a premium of over 12 per cent on Tuesday compared to the issue price of Rs 331. The stock opened at Rs 372, up 12.38 per cent from the issue price on the BSE, and rose further by 27.68 per cent to Rs 422.65. On the NSE, it began trading at Rs 370, marking an 11.78 per cent increase.
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.
About 24.82 crore people in India have escaped multidimensional poverty over the last nine years, according to a NITI Aayog report. 
Stock markets update: Equity benchmark indices Sensex and Nifty opened in red on Tuesday after making unprecedented gains a day earlier. The 30-share BSE Sensex fell 226.93 points to 73,101.01 in early trade. Meanwhile, the Nifty also declined by 68.25 points to 22,029.20. 
Jio Financial Services shares fell as much as 5.68 per cent in early trade on Tuesday after the company reported a 56 per cent decline in quarter-on-quarter (QoQ) net profits, falling from Rs 668.18 crore in Q2 FY24 to Rs 293.82 crore in the reviewed period. 
Jyoti CNC Automation shares were listed at a premium of over 12 per cent on Tuesday compared to the issue price of Rs 331. The stock opened at Rs 372, up 12.38 per cent from the issue price on the BSE, and rose further by 27.68 per cent to Rs 422.65. On the NSE, it began trading at Rs 370, marking an 11.78 per cent increase.

Budget 2024: Key terms you should know before the announcement

Tuesday 16 January 2024 06:32 AM UTC+00
Budget 2024: Finance Minister Nirmala Sitharaman will present the Interim Budget 2024 on February 1, 2024, ahead of the upcoming general elections later in the year. The budget is expected to cover various financial indicators, including inflation, fiscal deficit, capital expenditure, revenue receipts, bad loans, and more.
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.
About 24.82 crore people in India have escaped multidimensional poverty over the last nine years, according to a NITI Aayog report. 
Stock markets update: Equity benchmark indices Sensex and Nifty opened in red on Tuesday after making unprecedented gains a day earlier. The 30-share BSE Sensex fell 226.93 points to 73,101.01 in early trade. Meanwhile, the Nifty also declined by 68.25 points to 22,029.20. 
Jio Financial Services shares fell as much as 5.68 per cent in early trade on Tuesday after the company reported a 56 per cent decline in quarter-on-quarter (QoQ) net profits, falling from Rs 668.18 crore in Q2 FY24 to Rs 293.82 crore in the reviewed period. 
Jyoti CNC Automation shares were listed at a premium of over 12 per cent on Tuesday compared to the issue price of Rs 331. The stock opened at Rs 372, up 12.38 per cent from the issue price on the BSE, and rose further by 27.68 per cent to Rs 422.65. On the NSE, it began trading at Rs 370, marking an 11.78 per cent increase.

Budget 2024: Key terms you should know before the announcement

Tuesday 16 January 2024 06:32 AM UTC+00
Budget 2024: Finance Minister Nirmala Sitharaman will present the Interim Budget 2024 on February 1, 2024, ahead of the upcoming general elections later in the year. The budget is expected to cover various financial indicators, including inflation, fiscal deficit, capital expenditure, revenue receipts, bad loans, and more.
Nishant Pitti, CEO and co-founder of EaseMyTrip, defended the company's choice to halt flight bookings to the Maldives, saying that certain individuals perceived the action as political. Nishant said that some users accused his company of fueling the India-Maldives dispute. The CEO and co-founder of EaseMyTrip said that the company would have taken the same decision regardless of the ruling government in India.
The BSE Sensex ended Tuesday's trading session 199.17 points lower at 73,128.77, while the Nifty setlled 65.15 points lower at 22,032.30.
HDFC Bank, the largest private sector lender in India, has reported a 34 per cent increase in its standalone net profit to Rs 16,373 crore for the third quarter ending December 2023. In the corresponding quarter of the previous fiscal year, the bank had earned a net profit of Rs 12,259 crore.
Hyundai has launched the Creta facelift in India, with the updated SUV available in variants starting at Rs 10,99,900 (ex-showroom).
Stock markets update: Equity benchmark indices Sensex and Nifty opened in red on Tuesday after making unprecedented gains a day earlier. The 30-share BSE Sensex fell 226.93 points to 73,101.01 in early trade. Meanwhile, the Nifty also declined by 68.25 points to 22,029.20. 
Jio Financial Services shares fell as much as 5.68 per cent in early trade on Tuesday after the company reported a 56 per cent decline in quarter-on-quarter (QoQ) net profits, falling from Rs 668.18 crore in Q2 FY24 to Rs 293.82 crore in the reviewed period. 
Jyoti CNC Automation shares were listed at a premium of over 12 per cent on Tuesday compared to the issue price of Rs 331. The stock opened at Rs 372, up 12.38 per cent from the issue price on the BSE, and rose further by 27.68 per cent to Rs 422.65. On the NSE, it began trading at Rs 370, marking an 11.78 per cent increase.

Budget 2024: Key terms you should know before the announcement

Tuesday 16 January 2024 06:32 AM UTC+00
Budget 2024: Finance Minister Nirmala Sitharaman will present the Interim Budget 2024 on February 1, 2024, ahead of the upcoming general elections later in the year. The budget is expected to cover various financial indicators, including inflation, fiscal deficit, capital expenditure, revenue receipts, bad loans, and more.
Nishant Pitti, CEO and co-founder of EaseMyTrip, defended the company's choice to halt flight bookings to the Maldives, saying that certain individuals perceived the action as political. Nishant said that some users accused his company of fueling the India-Maldives dispute. The CEO and co-founder of EaseMyTrip said that the company would have taken the same decision regardless of the ruling government in India.
The BSE Sensex ended Tuesday's trading session 199.17 points lower at 73,128.77, while the Nifty setlled 65.15 points lower at 22,032.30.
HDFC Bank, the largest private sector lender in India, has reported a 34 per cent increase in its standalone net profit to Rs 16,373 crore for the third quarter ending December 2023. In the corresponding quarter of the previous fiscal year, the bank had earned a net profit of Rs 12,259 crore.
Hyundai has launched the Creta facelift in India, with the updated SUV available in variants starting at Rs 10,99,900 (ex-showroom).
Billionaire Gautam Adani said on Tuesday that green hydrogen holds the key to India's journey to net-zero carbon emissions, and the current high cost can be trimmed by replicating the solar power model. In a World Economic Forum (WEF) blog post, Adani, the head of the Adani Group, expressed that embracing renewables and green hydrogen would contribute to India's energy security and enhance urban air quality.
Union Minister Hardeep Singh Puri asserted on Tuesday that India can achieve the status of a five trillion-dollar economy much earlier than 2028. Speaking at a CII-EY breakfast session during the World Economic Forum Annual Meeting 2024, Puri emphasised the need for an orderly energy transition to safeguard the interests of India's large population.
Stock markets update: Equity benchmark indices Sensex and Nifty opened in red on Tuesday after making unprecedented gains a day earlier. The 30-share BSE Sensex fell 226.93 points to 73,101.01 in early trade. Meanwhile, the Nifty also declined by 68.25 points to 22,029.20. 
Jio Financial Services shares fell as much as 5.68 per cent in early trade on Tuesday after the company reported a 56 per cent decline in quarter-on-quarter (QoQ) net profits, falling from Rs 668.18 crore in Q2 FY24 to Rs 293.82 crore in the reviewed period. 
Jyoti CNC Automation shares were listed at a premium of over 12 per cent on Tuesday compared to the issue price of Rs 331. The stock opened at Rs 372, up 12.38 per cent from the issue price on the BSE, and rose further by 27.68 per cent to Rs 422.65. On the NSE, it began trading at Rs 370, marking an 11.78 per cent increase.

Budget 2024: Key terms you should know before the announcement

Tuesday 16 January 2024 06:32 AM UTC+00
Budget 2024: Finance Minister Nirmala Sitharaman will present the Interim Budget 2024 on February 1, 2024, ahead of the upcoming general elections later in the year. The budget is expected to cover various financial indicators, including inflation, fiscal deficit, capital expenditure, revenue receipts, bad loans, and more.
Nishant Pitti, CEO and co-founder of EaseMyTrip, defended the company's choice to halt flight bookings to the Maldives, saying that certain individuals perceived the action as political. Nishant said that some users accused his company of fueling the India-Maldives dispute. The CEO and co-founder of EaseMyTrip said that the company would have taken the same decision regardless of the ruling government in India.
The BSE Sensex ended Tuesday's trading session 199.17 points lower at 73,128.77, while the Nifty setlled 65.15 points lower at 22,032.30.
HDFC Bank, the largest private sector lender in India, has reported a 34 per cent increase in its standalone net profit to Rs 16,373 crore for the third quarter ending December 2023. In the corresponding quarter of the previous fiscal year, the bank had earned a net profit of Rs 12,259 crore.
Hyundai has launched the Creta facelift in India, with the updated SUV available in variants starting at Rs 10,99,900 (ex-showroom).
Billionaire Gautam Adani said on Tuesday that green hydrogen holds the key to India's journey to net-zero carbon emissions, and the current high cost can be trimmed by replicating the solar power model. In a World Economic Forum (WEF) blog post, Adani, the head of the Adani Group, expressed that embracing renewables and green hydrogen would contribute to India's energy security and enhance urban air quality.
Union Minister Hardeep Singh Puri asserted on Tuesday that India can achieve the status of a five trillion-dollar economy much earlier than 2028. Speaking at a CII-EY breakfast session during the World Economic Forum Annual Meeting 2024, Puri emphasised the need for an orderly energy transition to safeguard the interests of India's large population.
Stock markets update: Equity benchmark indices Sensex and Nifty opened in red on Tuesday after making unprecedented gains a day earlier. The 30-share BSE Sensex fell 226.93 points to 73,101.01 in early trade. Meanwhile, the Nifty also declined by 68.25 points to 22,029.20. 
Jio Financial Services shares fell as much as 5.68 per cent in early trade on Tuesday after the company reported a 56 per cent decline in quarter-on-quarter (QoQ) net profits, falling from Rs 668.18 crore in Q2 FY24 to Rs 293.82 crore in the reviewed period. 
Jyoti CNC Automation shares were listed at a premium of over 12 per cent on Tuesday compared to the issue price of Rs 331. The stock opened at Rs 372, up 12.38 per cent from the issue price on the BSE, and rose further by 27.68 per cent to Rs 422.65. On the NSE, it began trading at Rs 370, marking an 11.78 per cent increase.

Budget 2024: Key terms you should know before the announcement

Tuesday 16 January 2024 06:32 AM UTC+00
Budget 2024: Finance Minister Nirmala Sitharaman will present the Interim Budget 2024 on February 1, 2024, ahead of the upcoming general elections later in the year. The budget is expected to cover various financial indicators, including inflation, fiscal deficit, capital expenditure, revenue receipts, bad loans, and more.
Nishant Pitti, CEO and co-founder of EaseMyTrip, defended the company's choice to halt flight bookings to the Maldives, saying that certain individuals perceived the action as political. Nishant said that some users accused his company of fueling the India-Maldives dispute. The CEO and co-founder of EaseMyTrip said that the company would have taken the same decision regardless of the ruling government in India.
The BSE Sensex ended Tuesday's trading session 199.17 points lower at 73,128.77, while the Nifty setlled 65.15 points lower at 22,032.30.
HDFC Bank, the largest private sector lender in India, has reported a 34 per cent increase in its standalone net profit to Rs 16,373 crore for the third quarter ending December 2023. In the corresponding quarter of the previous fiscal year, the bank had earned a net profit of Rs 12,259 crore.
Hyundai has launched the Creta facelift in India, with the updated SUV available in variants starting at Rs 10,99,900 (ex-showroom).
Billionaire Gautam Adani said on Tuesday that green hydrogen holds the key to India's journey to net-zero carbon emissions, and the current high cost can be trimmed by replicating the solar power model. In a World Economic Forum (WEF) blog post, Adani, the head of the Adani Group, expressed that embracing renewables and green hydrogen would contribute to India's energy security and enhance urban air quality.
Union Minister Hardeep Singh Puri asserted on Tuesday that India can achieve the status of a five trillion-dollar economy much earlier than 2028. Speaking at a CII-EY breakfast session during the World Economic Forum Annual Meeting 2024, Puri emphasised the need for an orderly energy transition to safeguard the interests of India's large population.
You received this email because you set up a subscription at Feedrabbit. This email was sent to you at epaperindia10@gmail.com. Unsubscribe or change your subscription.

Related Posts

There is no other posts in this category.
Subscribe Our Newsletter