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IndiaTV Business: Google News Feed: Digest for January 18, 2024

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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.
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 Wednesday amid weak global cues. The 30-share BSE Sensex fell 1,371.23 points to 71,757.54 in early trade. Meanwhile, the Nifty also declined by 395.35 points to 21,636.95. 
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 Wednesday amid weak global cues. The 30-share BSE Sensex fell 1,371.23 points to 71,757.54 in early trade. Meanwhile, the Nifty also declined by 395.35 points to 21,636.95. 
State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) are considering a reduction in petrol and diesel prices in February, just ahead of the Lok Sabha elections.
About 86 per cent of CEOs in India think that the economy will improve over the next 12 months, according to PwC's 27th Annual Global CEO Survey.

Budget 2024: Key differences between interim and regular budget

Wednesday 17 January 2024 05:44 AM UTC+00
Union Finance Minister Nirmala Sitharaman is set to present her sixth budget on February 1, 2024. However, instead of a full budget, she will be presenting an interim budget due to the upcoming Lok Sabha elections scheduled for April-May. This is a customary practice in an election year, where the incumbent government presents an interim budget to cover essential expenditures until a new government assumes office.
Shares of HDFC Bank fell 7 per cent in morning trade on Wednesday after its December quarter earnings failed to impress investors. The stock tanked 6.48 per cent to Rs 1,570 on the BSE and 7 per cent to Rs 1,560 on the NSE.
Reserve Bank of India (RBI) Chief Shaktikanta Das said that inflation in India is moderating and steadily approaching the central bank's target of 4 per cent, while growth prospects for the country remain robust.
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 Wednesday amid weak global cues. The 30-share BSE Sensex fell 1,371.23 points to 71,757.54 in early trade. Meanwhile, the Nifty also declined by 395.35 points to 21,636.95. 
State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) are considering a reduction in petrol and diesel prices in February, just ahead of the Lok Sabha elections.
About 86 per cent of CEOs in India think that the economy will improve over the next 12 months, according to PwC's 27th Annual Global CEO Survey.

Budget 2024: Key differences between interim and regular budget

Wednesday 17 January 2024 05:44 AM UTC+00
Union Finance Minister Nirmala Sitharaman is set to present her sixth budget on February 1, 2024. However, instead of a full budget, she will be presenting an interim budget due to the upcoming Lok Sabha elections scheduled for April-May. This is a customary practice in an election year, where the incumbent government presents an interim budget to cover essential expenditures until a new government assumes office.
Shares of HDFC Bank fell 7 per cent in morning trade on Wednesday after its December quarter earnings failed to impress investors. The stock tanked 6.48 per cent to Rs 1,570 on the BSE and 7 per cent to Rs 1,560 on the NSE.
Reserve Bank of India (RBI) Chief Shaktikanta Das said that inflation in India is moderating and steadily approaching the central bank's target of 4 per cent, while growth prospects for the country remain robust.
Equity benchmark indices  Sensex and Nifty plunged significantly on Wednesday, falling nearly 2 per cent each intra-day following a hint from  US Federal Reserve official Christopher J Waller that there was less urgency for a rate cut. 
Equity benchmarks, the Nifty 50 and the Sensex, experienced their most significant single-day percentage loss since June 2022 on Wednesday, January 17. This decline was primarily triggered by a substantial fall in HDFC Bank's share price.
Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors, has launched its first all-electric vehicle (EV) - the Punch.ev. The prices for the Tata Punch.ev range from Rs 10.99 lakh to Rs 14.49 lakh for the top-spec variant. Deliveries of the electric Sports Utility Vehicle (SUV) are set to begin on January 22.
State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) are considering a reduction in petrol and diesel prices in February, just ahead of the Lok Sabha elections.
About 86 per cent of CEOs in India think that the economy will improve over the next 12 months, according to PwC's 27th Annual Global CEO Survey.

Budget 2024: Key differences between interim and regular budget

Wednesday 17 January 2024 05:44 AM UTC+00
Union Finance Minister Nirmala Sitharaman is set to present her sixth budget on February 1, 2024. However, instead of a full budget, she will be presenting an interim budget due to the upcoming Lok Sabha elections scheduled for April-May. This is a customary practice in an election year, where the incumbent government presents an interim budget to cover essential expenditures until a new government assumes office.
Shares of HDFC Bank fell 7 per cent in morning trade on Wednesday after its December quarter earnings failed to impress investors. The stock tanked 6.48 per cent to Rs 1,570 on the BSE and 7 per cent to Rs 1,560 on the NSE.
Reserve Bank of India (RBI) Chief Shaktikanta Das said that inflation in India is moderating and steadily approaching the central bank's target of 4 per cent, while growth prospects for the country remain robust.
Equity benchmark indices  Sensex and Nifty plunged significantly on Wednesday, falling nearly 2 per cent each intra-day following a hint from  US Federal Reserve official Christopher J Waller that there was less urgency for a rate cut. 
Equity benchmarks, the Nifty 50 and the Sensex, experienced their most significant single-day percentage loss since June 2022 on Wednesday, January 17. This decline was primarily triggered by a substantial fall in HDFC Bank's share price.
Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors, has launched its first all-electric vehicle (EV) - the Punch.ev. The prices for the Tata Punch.ev range from Rs 10.99 lakh to Rs 14.49 lakh for the top-spec variant. Deliveries of the electric Sports Utility Vehicle (SUV) are set to begin on January 22.
Japan Airlines (JAL) has appointed its first female president, Mitsuko Tottori, marking a significant step in addressing gender inequality in the country's corporate landscape. Tottori, a senior managing executive officer who joined JAL in 1985, is set to assume the role on April 1.
Amid a challenging global macroeconomic environment, India presents a picture of growth and stability, and the economy is expected to grow 7 per cent in fiscal 2024-25, said RBI Governor Shaktikanta Das, addressing an event at the World Economic Forum Meeting 2024 in Davos, Switzerland.
State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) are considering a reduction in petrol and diesel prices in February, just ahead of the Lok Sabha elections.
About 86 per cent of CEOs in India think that the economy will improve over the next 12 months, according to PwC's 27th Annual Global CEO Survey.

Budget 2024: Key differences between interim and regular budget

Wednesday 17 January 2024 05:44 AM UTC+00
Union Finance Minister Nirmala Sitharaman is set to present her sixth budget on February 1, 2024. However, instead of a full budget, she will be presenting an interim budget due to the upcoming Lok Sabha elections scheduled for April-May. This is a customary practice in an election year, where the incumbent government presents an interim budget to cover essential expenditures until a new government assumes office.
Shares of HDFC Bank fell 7 per cent in morning trade on Wednesday after its December quarter earnings failed to impress investors. The stock tanked 6.48 per cent to Rs 1,570 on the BSE and 7 per cent to Rs 1,560 on the NSE.
Reserve Bank of India (RBI) Chief Shaktikanta Das said that inflation in India is moderating and steadily approaching the central bank's target of 4 per cent, while growth prospects for the country remain robust.
Equity benchmark indices  Sensex and Nifty plunged significantly on Wednesday, falling nearly 2 per cent each intra-day following a hint from  US Federal Reserve official Christopher J Waller that there was less urgency for a rate cut. 
Equity benchmarks, the Nifty 50 and the Sensex, experienced their most significant single-day percentage loss since June 2022 on Wednesday, January 17. This decline was primarily triggered by a substantial fall in HDFC Bank's share price.
Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors, has launched its first all-electric vehicle (EV) - the Punch.ev. The prices for the Tata Punch.ev range from Rs 10.99 lakh to Rs 14.49 lakh for the top-spec variant. Deliveries of the electric Sports Utility Vehicle (SUV) are set to begin on January 22.
Japan Airlines (JAL) has appointed its first female president, Mitsuko Tottori, marking a significant step in addressing gender inequality in the country's corporate landscape. Tottori, a senior managing executive officer who joined JAL in 1985, is set to assume the role on April 1.
Amid a challenging global macroeconomic environment, India presents a picture of growth and stability, and the economy is expected to grow 7 per cent in fiscal 2024-25, said RBI Governor Shaktikanta Das, addressing an event at the World Economic Forum Meeting 2024 in Davos, Switzerland.
State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) are considering a reduction in petrol and diesel prices in February, just ahead of the Lok Sabha elections.
About 86 per cent of CEOs in India think that the economy will improve over the next 12 months, according to PwC's 27th Annual Global CEO Survey.

Budget 2024: Key differences between interim and regular budget

Wednesday 17 January 2024 05:44 AM UTC+00
Union Finance Minister Nirmala Sitharaman is set to present her sixth budget on February 1, 2024. However, instead of a full budget, she will be presenting an interim budget due to the upcoming Lok Sabha elections scheduled for April-May. This is a customary practice in an election year, where the incumbent government presents an interim budget to cover essential expenditures until a new government assumes office.
Shares of HDFC Bank fell 7 per cent in morning trade on Wednesday after its December quarter earnings failed to impress investors. The stock tanked 6.48 per cent to Rs 1,570 on the BSE and 7 per cent to Rs 1,560 on the NSE.
Reserve Bank of India (RBI) Chief Shaktikanta Das said that inflation in India is moderating and steadily approaching the central bank's target of 4 per cent, while growth prospects for the country remain robust.
Equity benchmark indices  Sensex and Nifty plunged significantly on Wednesday, falling nearly 2 per cent each intra-day following a hint from  US Federal Reserve official Christopher J Waller that there was less urgency for a rate cut. 
Equity benchmarks, the Nifty 50 and the Sensex, experienced their most significant single-day percentage loss since June 2022 on Wednesday, January 17. This decline was primarily triggered by a substantial fall in HDFC Bank's share price.
Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors, has launched its first all-electric vehicle (EV) - the Punch.ev. The prices for the Tata Punch.ev range from Rs 10.99 lakh to Rs 14.49 lakh for the top-spec variant. Deliveries of the electric Sports Utility Vehicle (SUV) are set to begin on January 22.
Japan Airlines (JAL) has appointed its first female president, Mitsuko Tottori, marking a significant step in addressing gender inequality in the country's corporate landscape. Tottori, a senior managing executive officer who joined JAL in 1985, is set to assume the role on April 1.
Amid a challenging global macroeconomic environment, India presents a picture of growth and stability, and the economy is expected to grow 7 per cent in fiscal 2024-25, said RBI Governor Shaktikanta Das, addressing an event at the World Economic Forum Meeting 2024 in Davos, Switzerland.
State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) are considering a reduction in petrol and diesel prices in February, just ahead of the Lok Sabha elections.
About 86 per cent of CEOs in India think that the economy will improve over the next 12 months, according to PwC's 27th Annual Global CEO Survey.

Budget 2024: Key differences between interim and regular budget

Wednesday 17 January 2024 05:44 AM UTC+00
Union Finance Minister Nirmala Sitharaman is set to present her sixth budget on February 1, 2024. However, instead of a full budget, she will be presenting an interim budget due to the upcoming Lok Sabha elections scheduled for April-May. This is a customary practice in an election year, where the incumbent government presents an interim budget to cover essential expenditures until a new government assumes office.
Shares of HDFC Bank fell 7 per cent in morning trade on Wednesday after its December quarter earnings failed to impress investors. The stock tanked 6.48 per cent to Rs 1,570 on the BSE and 7 per cent to Rs 1,560 on the NSE.
Reserve Bank of India (RBI) Chief Shaktikanta Das said that inflation in India is moderating and steadily approaching the central bank's target of 4 per cent, while growth prospects for the country remain robust.
Equity benchmark indices  Sensex and Nifty plunged significantly on Wednesday, falling nearly 2 per cent each intra-day following a hint from  US Federal Reserve official Christopher J Waller that there was less urgency for a rate cut. 
Equity benchmarks, the Nifty 50 and the Sensex, experienced their most significant single-day percentage loss since June 2022 on Wednesday, January 17. This decline was primarily triggered by a substantial fall in HDFC Bank's share price.
Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors, has launched its first all-electric vehicle (EV) - the Punch.ev. The prices for the Tata Punch.ev range from Rs 10.99 lakh to Rs 14.49 lakh for the top-spec variant. Deliveries of the electric Sports Utility Vehicle (SUV) are set to begin on January 22.
Japan Airlines (JAL) has appointed its first female president, Mitsuko Tottori, marking a significant step in addressing gender inequality in the country's corporate landscape. Tottori, a senior managing executive officer who joined JAL in 1985, is set to assume the role on April 1.
Amid a challenging global macroeconomic environment, India presents a picture of growth and stability, and the economy is expected to grow 7 per cent in fiscal 2024-25, said RBI Governor Shaktikanta Das, addressing an event at the World Economic Forum Meeting 2024 in Davos, Switzerland.
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