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IndiaTV Business: Google News Feed: Digest for January 22, 2024

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Ayodhya is all set for the consecration ceremony of Ram Temple on January 22, 2024. Lord Ram pran pratishtha will be done at Ayodhya's Ram Mandir after several rituals and traditions by the temple committee. The star-studded event will be attended by many celebrities from the film industry, sports fraternity, industrialists and politicians as special guests. Special arrangements have been made for the 'Pran Pratishtha' ceremony for over 1,000 guests, out of which 506 guests are state-declared. Here is the complete list of industrialists, who are invited for the iconic consecration ceremony. 
Sensex climbs 496.37 points to settle at 71,683.23 on Friday's trading session, Nifty surges 160.15 points to 21,622.40.
Hindustan Unilever Limited (HUL) reported its third-quarter profit for the financial year 2023-24 on Friday, amounting to Rs 2,509 crore. This reflects a 1.4 per cent increase compared to Rs 2,474 crore in the corresponding quarter of the previous year.
One 97 Communications, the parent company of the fintech firm Paytm, announced a 38 per cent increase in third-quarter revenue attributed to the strong performance of its payments business and robust loan growth in the financial services segment.
The Reserve Bank of India (RBI) has announced a change in the trading hours for money markets on January 22 due to a half-day holiday declared by the government in connection with the consecration of the Ram temple in Ayodhya. On that day, money markets will open at 2:30 pm instead of the usual 9 am.
India's largest telecom operator, Reliance Jio, reported a 12.2 per cent increase in its net profit for the December quarter, reaching Rs 5,208 crore. In the corresponding period of the previous year, the net profit was recorded at Rs 4,638 crore, as indicated in the filing.
Reliance Industries Limited (RIL) reported a 9 per cent rise in its third quarter net profit which stood at Rs 17,265 crore. The revenue from operations of the company stood flat at Rs 2.2 lakh crore.
Ram Mandir Event: The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will have full-fledged sessions on January 20 (Saturday) as trading will remain closed on Ram Mandir's 'Pran Pratishtha' day on January 22.
Ram Mandir event: In view of the Ayodhya Ram Temple 'Pran Pratishtha' ceremony, Reliance Industries has announced a holiday for all their offices across the country on January 22.
Equity benchmark indices opened on a positive note today (January 20), with Sensex rising 250 points on the back of an uptick in financial stocks. The 30-share BSE Sensex rose 250.08 points or 0.35 per cent to 71,933.31 points in early trade. The Nifty climbed 75.80 points or 0.35 per cent to 21,698.20 points.
Hindustan Unilever Limited (HUL) reported its third-quarter profit for the financial year 2023-24 on Friday, amounting to Rs 2,509 crore. This reflects a 1.4 per cent increase compared to Rs 2,474 crore in the corresponding quarter of the previous year.
One 97 Communications, the parent company of the fintech firm Paytm, announced a 38 per cent increase in third-quarter revenue attributed to the strong performance of its payments business and robust loan growth in the financial services segment.
The Reserve Bank of India (RBI) has announced a change in the trading hours for money markets on January 22 due to a half-day holiday declared by the government in connection with the consecration of the Ram temple in Ayodhya. On that day, money markets will open at 2:30 pm instead of the usual 9 am.
India's largest telecom operator, Reliance Jio, reported a 12.2 per cent increase in its net profit for the December quarter, reaching Rs 5,208 crore. In the corresponding period of the previous year, the net profit was recorded at Rs 4,638 crore, as indicated in the filing.
Reliance Industries Limited (RIL) reported a 9 per cent rise in its third quarter net profit which stood at Rs 17,265 crore. The revenue from operations of the company stood flat at Rs 2.2 lakh crore.
Ram Mandir Event: The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will have full-fledged sessions on January 20 (Saturday) as trading will remain closed on Ram Mandir's 'Pran Pratishtha' day on January 22.
Ram Mandir event: In view of the Ayodhya Ram Temple 'Pran Pratishtha' ceremony, Reliance Industries has announced a holiday for all their offices across the country on January 22.
Equity benchmark indices opened on a positive note today (January 20), with Sensex rising 250 points on the back of an uptick in financial stocks. The 30-share BSE Sensex rose 250.08 points or 0.35 per cent to 71,933.31 points in early trade. The Nifty climbed 75.80 points or 0.35 per cent to 21,698.20 points.
The total market capitalization of five out of the top 10 most valuable companies fell by Rs 1,67,936.21 crore last week, with HDFC Bank experiencing the most significant decline. The BSE benchmark index fell by 1,144.8 points (1.57 per cent) during the week.
ICICI Bank reported a consolidated net profit surge of 25.7 per cent to Rs 11,052.60 crore for the December quarter, driven by reduced provisions. The standalone net profit for the same period grew by 23.6 per cent to Rs 10,272 crore, making it the second-largest private sector lender in the country.
India's largest telecom operator, Reliance Jio, reported a 12.2 per cent increase in its net profit for the December quarter, reaching Rs 5,208 crore. In the corresponding period of the previous year, the net profit was recorded at Rs 4,638 crore, as indicated in the filing.
Reliance Industries Limited (RIL) reported a 9 per cent rise in its third quarter net profit which stood at Rs 17,265 crore. The revenue from operations of the company stood flat at Rs 2.2 lakh crore.
Ram Mandir Event: The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will have full-fledged sessions on January 20 (Saturday) as trading will remain closed on Ram Mandir's 'Pran Pratishtha' day on January 22.
Ram Mandir event: In view of the Ayodhya Ram Temple 'Pran Pratishtha' ceremony, Reliance Industries has announced a holiday for all their offices across the country on January 22.
Equity benchmark indices opened on a positive note today (January 20), with Sensex rising 250 points on the back of an uptick in financial stocks. The 30-share BSE Sensex rose 250.08 points or 0.35 per cent to 71,933.31 points in early trade. The Nifty climbed 75.80 points or 0.35 per cent to 21,698.20 points.
The total market capitalization of five out of the top 10 most valuable companies fell by Rs 1,67,936.21 crore last week, with HDFC Bank experiencing the most significant decline. The BSE benchmark index fell by 1,144.8 points (1.57 per cent) during the week.
ICICI Bank reported a consolidated net profit surge of 25.7 per cent to Rs 11,052.60 crore for the December quarter, driven by reduced provisions. The standalone net profit for the same period grew by 23.6 per cent to Rs 10,272 crore, making it the second-largest private sector lender in the country.
Analysts predict that stock markets in the upcoming holiday-shortened week will be influenced by quarterly earnings reports, global trends, and the trading activities of foreign investors.
India's exports of goods and services marginally rose by 0.4 per cent, reaching USD 765.6 billion, despite global economic uncertainties, as per data from the commerce ministry.
The Income Tax department has clarified that donations made for the repair, rebuild, or renovation of the Ram Mandir in Ayodhya, under the Shri Ram Janmabhoomi Teerth Kshetra Trust, are eligible for deduction under Section 80G (2) (b) of the Income-tax Act, 1961.
Ram Mandir event: In view of the Ayodhya Ram Temple 'Pran Pratishtha' ceremony, Reliance Industries has announced a holiday for all their offices across the country on January 22.
Equity benchmark indices opened on a positive note today (January 20), with Sensex rising 250 points on the back of an uptick in financial stocks. The 30-share BSE Sensex rose 250.08 points or 0.35 per cent to 71,933.31 points in early trade. The Nifty climbed 75.80 points or 0.35 per cent to 21,698.20 points.
The total market capitalization of five out of the top 10 most valuable companies fell by Rs 1,67,936.21 crore last week, with HDFC Bank experiencing the most significant decline. The BSE benchmark index fell by 1,144.8 points (1.57 per cent) during the week.
ICICI Bank reported a consolidated net profit surge of 25.7 per cent to Rs 11,052.60 crore for the December quarter, driven by reduced provisions. The standalone net profit for the same period grew by 23.6 per cent to Rs 10,272 crore, making it the second-largest private sector lender in the country.
Analysts predict that stock markets in the upcoming holiday-shortened week will be influenced by quarterly earnings reports, global trends, and the trading activities of foreign investors.
India's exports of goods and services marginally rose by 0.4 per cent, reaching USD 765.6 billion, despite global economic uncertainties, as per data from the commerce ministry.
The Income Tax department has clarified that donations made for the repair, rebuild, or renovation of the Ram Mandir in Ayodhya, under the Shri Ram Janmabhoomi Teerth Kshetra Trust, are eligible for deduction under Section 80G (2) (b) of the Income-tax Act, 1961.
In the lead-up to the consecration of the Ram Temple in Ayodhya, several corporate entities are actively participating in the fervour surrounding the event. Companies are engaging in various initiatives, including contributing to the lighting at the temple complex, planning live screenings of the event in multiplexes, and organising on-ground marketing campaigns.
The government is expected to maintain its focus on increasing capital expenditure in the upcoming budget, particularly in the infrastructure sector, to stimulate economic growth amid subdued private investment. Since the post-COVID period, the budget has consistently emphasised capital expenditure, leading to over 7 per cent growth in the last three years, making India the fastest-growing large economy globally.
Foreign investors adopted a cautious stance in January, selling off Indian equities worth Rs 13,000 crore in the first three weeks due to high valuations and rising US bond yields. However, foreign investors have shown confidence in the debt market, injecting Rs 15,647 crore during the same period.
Equity benchmark indices opened on a positive note today (January 20), with Sensex rising 250 points on the back of an uptick in financial stocks. The 30-share BSE Sensex rose 250.08 points or 0.35 per cent to 71,933.31 points in early trade. The Nifty climbed 75.80 points or 0.35 per cent to 21,698.20 points.
The total market capitalization of five out of the top 10 most valuable companies fell by Rs 1,67,936.21 crore last week, with HDFC Bank experiencing the most significant decline. The BSE benchmark index fell by 1,144.8 points (1.57 per cent) during the week.
ICICI Bank reported a consolidated net profit surge of 25.7 per cent to Rs 11,052.60 crore for the December quarter, driven by reduced provisions. The standalone net profit for the same period grew by 23.6 per cent to Rs 10,272 crore, making it the second-largest private sector lender in the country.
Analysts predict that stock markets in the upcoming holiday-shortened week will be influenced by quarterly earnings reports, global trends, and the trading activities of foreign investors.
India's exports of goods and services marginally rose by 0.4 per cent, reaching USD 765.6 billion, despite global economic uncertainties, as per data from the commerce ministry.
The Income Tax department has clarified that donations made for the repair, rebuild, or renovation of the Ram Mandir in Ayodhya, under the Shri Ram Janmabhoomi Teerth Kshetra Trust, are eligible for deduction under Section 80G (2) (b) of the Income-tax Act, 1961.
In the lead-up to the consecration of the Ram Temple in Ayodhya, several corporate entities are actively participating in the fervour surrounding the event. Companies are engaging in various initiatives, including contributing to the lighting at the temple complex, planning live screenings of the event in multiplexes, and organising on-ground marketing campaigns.
The government is expected to maintain its focus on increasing capital expenditure in the upcoming budget, particularly in the infrastructure sector, to stimulate economic growth amid subdued private investment. Since the post-COVID period, the budget has consistently emphasised capital expenditure, leading to over 7 per cent growth in the last three years, making India the fastest-growing large economy globally.
Foreign investors adopted a cautious stance in January, selling off Indian equities worth Rs 13,000 crore in the first three weeks due to high valuations and rising US bond yields. However, foreign investors have shown confidence in the debt market, injecting Rs 15,647 crore during the same period.
There is heightened anticipation that Ayodhya will witness a substantial increase in investment, driven by the expectation that the temple will attract pilgrims from around the world. Reports suggest that over 3 lakh devotees could visit Ayodhya daily over the next three to four years.
The total market capitalization of five out of the top 10 most valuable companies fell by Rs 1,67,936.21 crore last week, with HDFC Bank experiencing the most significant decline. The BSE benchmark index fell by 1,144.8 points (1.57 per cent) during the week.
ICICI Bank reported a consolidated net profit surge of 25.7 per cent to Rs 11,052.60 crore for the December quarter, driven by reduced provisions. The standalone net profit for the same period grew by 23.6 per cent to Rs 10,272 crore, making it the second-largest private sector lender in the country.
Analysts predict that stock markets in the upcoming holiday-shortened week will be influenced by quarterly earnings reports, global trends, and the trading activities of foreign investors.
India's exports of goods and services marginally rose by 0.4 per cent, reaching USD 765.6 billion, despite global economic uncertainties, as per data from the commerce ministry.
The Income Tax department has clarified that donations made for the repair, rebuild, or renovation of the Ram Mandir in Ayodhya, under the Shri Ram Janmabhoomi Teerth Kshetra Trust, are eligible for deduction under Section 80G (2) (b) of the Income-tax Act, 1961.
In the lead-up to the consecration of the Ram Temple in Ayodhya, several corporate entities are actively participating in the fervour surrounding the event. Companies are engaging in various initiatives, including contributing to the lighting at the temple complex, planning live screenings of the event in multiplexes, and organising on-ground marketing campaigns.
The government is expected to maintain its focus on increasing capital expenditure in the upcoming budget, particularly in the infrastructure sector, to stimulate economic growth amid subdued private investment. Since the post-COVID period, the budget has consistently emphasised capital expenditure, leading to over 7 per cent growth in the last three years, making India the fastest-growing large economy globally.
Foreign investors adopted a cautious stance in January, selling off Indian equities worth Rs 13,000 crore in the first three weeks due to high valuations and rising US bond yields. However, foreign investors have shown confidence in the debt market, injecting Rs 15,647 crore during the same period.
There is heightened anticipation that Ayodhya will witness a substantial increase in investment, driven by the expectation that the temple will attract pilgrims from around the world. Reports suggest that over 3 lakh devotees could visit Ayodhya daily over the next three to four years.
To incentivise the manufacturing sector and generate employment, the government may extend the scope of the Production-Linked Incentive (PLI) scheme in the upcoming budget. The interim budget for 2023–24 is scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1. The government is planning to include sectors like garments, jewellery and handicrafts in the forthcoming interim budget. Currently, the Production-Linked Incentive (PLI) scheme, which was announced in 2021 by the government, is available for 14 sectors.
The total market capitalization of five out of the top 10 most valuable companies fell by Rs 1,67,936.21 crore last week, with HDFC Bank experiencing the most significant decline. The BSE benchmark index fell by 1,144.8 points (1.57 per cent) during the week.
ICICI Bank reported a consolidated net profit surge of 25.7 per cent to Rs 11,052.60 crore for the December quarter, driven by reduced provisions. The standalone net profit for the same period grew by 23.6 per cent to Rs 10,272 crore, making it the second-largest private sector lender in the country.
Analysts predict that stock markets in the upcoming holiday-shortened week will be influenced by quarterly earnings reports, global trends, and the trading activities of foreign investors.
India's exports of goods and services marginally rose by 0.4 per cent, reaching USD 765.6 billion, despite global economic uncertainties, as per data from the commerce ministry.
The Income Tax department has clarified that donations made for the repair, rebuild, or renovation of the Ram Mandir in Ayodhya, under the Shri Ram Janmabhoomi Teerth Kshetra Trust, are eligible for deduction under Section 80G (2) (b) of the Income-tax Act, 1961.
In the lead-up to the consecration of the Ram Temple in Ayodhya, several corporate entities are actively participating in the fervour surrounding the event. Companies are engaging in various initiatives, including contributing to the lighting at the temple complex, planning live screenings of the event in multiplexes, and organising on-ground marketing campaigns.
The government is expected to maintain its focus on increasing capital expenditure in the upcoming budget, particularly in the infrastructure sector, to stimulate economic growth amid subdued private investment. Since the post-COVID period, the budget has consistently emphasised capital expenditure, leading to over 7 per cent growth in the last three years, making India the fastest-growing large economy globally.
Foreign investors adopted a cautious stance in January, selling off Indian equities worth Rs 13,000 crore in the first three weeks due to high valuations and rising US bond yields. However, foreign investors have shown confidence in the debt market, injecting Rs 15,647 crore during the same period.
There is heightened anticipation that Ayodhya will witness a substantial increase in investment, driven by the expectation that the temple will attract pilgrims from around the world. Reports suggest that over 3 lakh devotees could visit Ayodhya daily over the next three to four years.
To incentivise the manufacturing sector and generate employment, the government may extend the scope of the Production-Linked Incentive (PLI) scheme in the upcoming budget. The interim budget for 2023–24 is scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1. The government is planning to include sectors like garments, jewellery and handicrafts in the forthcoming interim budget. Currently, the Production-Linked Incentive (PLI) scheme, which was announced in 2021 by the government, is available for 14 sectors.
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