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IndiaTV Business: Google News Feed: Digest for January 25, 2024

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The Indian stock market has surpassed Hong Kong to become the fourth-largest equity market globally.

Cyber attack cases in India rise 15 per cent in 2023: Report

Tuesday 23 January 2024 05:44 AM UTC+00
The number of cyber attack cases in India increased by 15 percent per week on average in 2023, according to cybersecurity firm Check Point. This places India as the second-most targeted nation in the Asia-Pacific region, trailing only behind Taiwan, which experienced 3,050 incidents per week.
The government has announced an increase in import duties on gold and silver findings, as well as precious metal coins, to a total of 15 per cent. This includes a Basic Customs Duty (BCD) of 10 per cent and an additional 5 per cent under the All Industry Duty Drawback (AIDC), with an exemption from the Social Welfare Surcharge (SWS).
Budget 2024: Union Finance Minister Nirmala Sitharaman is set to deliver her budget speech on February 1. The tradition of presenting the budget at the end of February was shifted a few years ago by the NDA government from February 28 to February 1.

Sensex crashes over 1,000 points, Nifty plunges below 21,300

Tuesday 23 January 2024 10:13 AM UTC+00
The BSE Sensex fell by 1,053.10 points to settle at 70,370.55 on Tuesday's trading session, while the Nifty fell by 330.15 points to 21,241.65.
Budget 2024: The government is considering measures to make the National Pension System (NPS) more attractive, particularly for senior citizens over 75 years.
Private sector Axis Bank on Tuesday reported a 4 per cent rise in standalone net profit at Rs 6,071 crore in the third quarter ended December 2023. The bank reported a net profit of Rs 5,853 crore in the October-December quarter of 2022.
India Inc expresses confidence in achieving a USD 5 trillion economy with support from the central government in infrastructure investments, additional reforms, and enhanced technology adoption, according to a CXO survey by Deloitte Touche Tohmatsu India LLP.
The market reactions to the Union Budget in recent years have been diverse, with fluctuations in indices following the announcements.
Net direct tax collections surged by 160.52% from Rs. 6,38,596 crore in F.Y. 2013–14 to Rs. 16,63,686 crore in F.Y. 2022–23, reflecting strong fiscal growth. Gross direct tax collections reach Rs. 19,72,248 crore in F.Y. 2022–23, marking a remarkable 173.31% increase compared to Rs. 7,21,604 crore in F.Y. 2013-14.

Cyber attack cases in India rise 15 per cent in 2023: Report

Tuesday 23 January 2024 05:44 AM UTC+00
The number of cyber attack cases in India increased by 15 percent per week on average in 2023, according to cybersecurity firm Check Point. This places India as the second-most targeted nation in the Asia-Pacific region, trailing only behind Taiwan, which experienced 3,050 incidents per week.
The government has announced an increase in import duties on gold and silver findings, as well as precious metal coins, to a total of 15 per cent. This includes a Basic Customs Duty (BCD) of 10 per cent and an additional 5 per cent under the All Industry Duty Drawback (AIDC), with an exemption from the Social Welfare Surcharge (SWS).
Budget 2024: Union Finance Minister Nirmala Sitharaman is set to deliver her budget speech on February 1. The tradition of presenting the budget at the end of February was shifted a few years ago by the NDA government from February 28 to February 1.

Sensex crashes over 1,000 points, Nifty plunges below 21,300

Tuesday 23 January 2024 10:13 AM UTC+00
The BSE Sensex fell by 1,053.10 points to settle at 70,370.55 on Tuesday's trading session, while the Nifty fell by 330.15 points to 21,241.65.
Budget 2024: The government is considering measures to make the National Pension System (NPS) more attractive, particularly for senior citizens over 75 years.
Private sector Axis Bank on Tuesday reported a 4 per cent rise in standalone net profit at Rs 6,071 crore in the third quarter ended December 2023. The bank reported a net profit of Rs 5,853 crore in the October-December quarter of 2022.
India Inc expresses confidence in achieving a USD 5 trillion economy with support from the central government in infrastructure investments, additional reforms, and enhanced technology adoption, according to a CXO survey by Deloitte Touche Tohmatsu India LLP.
The market reactions to the Union Budget in recent years have been diverse, with fluctuations in indices following the announcements.
Net direct tax collections surged by 160.52% from Rs. 6,38,596 crore in F.Y. 2013–14 to Rs. 16,63,686 crore in F.Y. 2022–23, reflecting strong fiscal growth. Gross direct tax collections reach Rs. 19,72,248 crore in F.Y. 2022–23, marking a remarkable 173.31% increase compared to Rs. 7,21,604 crore in F.Y. 2013-14.
Stock markets update: Equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 316.75 points to 70,053.80 in early trade. Meanwhile, the Nifty declined 51.15 points to 21,187.65. 

Sensex crashes over 1,000 points, Nifty plunges below 21,300

Tuesday 23 January 2024 10:13 AM UTC+00
The BSE Sensex fell by 1,053.10 points to settle at 70,370.55 on Tuesday's trading session, while the Nifty fell by 330.15 points to 21,241.65.
Budget 2024: The government is considering measures to make the National Pension System (NPS) more attractive, particularly for senior citizens over 75 years.
Private sector Axis Bank on Tuesday reported a 4 per cent rise in standalone net profit at Rs 6,071 crore in the third quarter ended December 2023. The bank reported a net profit of Rs 5,853 crore in the October-December quarter of 2022.
India Inc expresses confidence in achieving a USD 5 trillion economy with support from the central government in infrastructure investments, additional reforms, and enhanced technology adoption, according to a CXO survey by Deloitte Touche Tohmatsu India LLP.
The market reactions to the Union Budget in recent years have been diverse, with fluctuations in indices following the announcements.
Net direct tax collections surged by 160.52% from Rs. 6,38,596 crore in F.Y. 2013–14 to Rs. 16,63,686 crore in F.Y. 2022–23, reflecting strong fiscal growth. Gross direct tax collections reach Rs. 19,72,248 crore in F.Y. 2022–23, marking a remarkable 173.31% increase compared to Rs. 7,21,604 crore in F.Y. 2013-14.
Stock markets update: Equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 316.75 points to 70,053.80 in early trade. Meanwhile, the Nifty declined 51.15 points to 21,187.65. 
Edtech firm Byju's plans to raise funds at a lower valuation of USD 7-8 billion as the company looks to shore up its financials with adequate liquidity, said a senior executive at the company on Tuesday.
Chinese smartphone maker Realme has surpassed 100 million smartphone shipments in India in 2023 within just five years of its inception, and the brand will sharpen its focus this year on enhancing performance, photography, and design to further elevate its sales trajectory, its Vice President Chase Xu said.
The National Girl Child Day, celebrated on January 24, aims to raise awareness about gender inequality in India and highlight the prejudice and injustice girls face on a day-to-day basis.
The market reactions to the Union Budget in recent years have been diverse, with fluctuations in indices following the announcements.
Net direct tax collections surged by 160.52% from Rs. 6,38,596 crore in F.Y. 2013–14 to Rs. 16,63,686 crore in F.Y. 2022–23, reflecting strong fiscal growth. Gross direct tax collections reach Rs. 19,72,248 crore in F.Y. 2022–23, marking a remarkable 173.31% increase compared to Rs. 7,21,604 crore in F.Y. 2013-14.
Stock markets update: Equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 316.75 points to 70,053.80 in early trade. Meanwhile, the Nifty declined 51.15 points to 21,187.65. 
Edtech firm Byju's plans to raise funds at a lower valuation of USD 7-8 billion as the company looks to shore up its financials with adequate liquidity, said a senior executive at the company on Tuesday.
Chinese smartphone maker Realme has surpassed 100 million smartphone shipments in India in 2023 within just five years of its inception, and the brand will sharpen its focus this year on enhancing performance, photography, and design to further elevate its sales trajectory, its Vice President Chase Xu said.
The National Girl Child Day, celebrated on January 24, aims to raise awareness about gender inequality in India and highlight the prejudice and injustice girls face on a day-to-day basis.
Rating agency Icra has revised its projection for bank credit growth for the current fiscal year to 14.9-15.3 per cent, marking the highest-ever incremental bank credit growth at Rs 20.4-20.9 lakh crore.
A Boeing 757 passenger jet operated by Delta Air Lines experienced a detachment of its nose wheel over the weekend, causing it to roll away as the aircraft was preparing for takeoff at Atlanta's international airport, as reported by the Federal Aviation Administration (FAA).
Sensex and Nifty rebounded on Wednesday, recovering from the significant market decline the previous day, where the benchmark BSE index had fallen over 1000 points.
Budget 2024: Union Finance Minister Nirmala Sitharaman is set to present the interim budget for FY25 on February 1. However, the presentation will not be a full budget but rather a vote on account or interim budget.
Stock markets update: Equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 316.75 points to 70,053.80 in early trade. Meanwhile, the Nifty declined 51.15 points to 21,187.65. 
Edtech firm Byju's plans to raise funds at a lower valuation of USD 7-8 billion as the company looks to shore up its financials with adequate liquidity, said a senior executive at the company on Tuesday.
Chinese smartphone maker Realme has surpassed 100 million smartphone shipments in India in 2023 within just five years of its inception, and the brand will sharpen its focus this year on enhancing performance, photography, and design to further elevate its sales trajectory, its Vice President Chase Xu said.
The National Girl Child Day, celebrated on January 24, aims to raise awareness about gender inequality in India and highlight the prejudice and injustice girls face on a day-to-day basis.
Rating agency Icra has revised its projection for bank credit growth for the current fiscal year to 14.9-15.3 per cent, marking the highest-ever incremental bank credit growth at Rs 20.4-20.9 lakh crore.
A Boeing 757 passenger jet operated by Delta Air Lines experienced a detachment of its nose wheel over the weekend, causing it to roll away as the aircraft was preparing for takeoff at Atlanta's international airport, as reported by the Federal Aviation Administration (FAA).
Sensex and Nifty rebounded on Wednesday, recovering from the significant market decline the previous day, where the benchmark BSE index had fallen over 1000 points.
Budget 2024: Union Finance Minister Nirmala Sitharaman is set to present the interim budget for FY25 on February 1. However, the presentation will not be a full budget but rather a vote on account or interim budget.
The Apparel Export Promotion Council (AEPC) has requested tax incentives, including uniformity in the Goods and Services Tax (GST) and increased interest subsidies, to bolster domestic manufacturing and India's exports.
Banks are set for a three-day long weekend starting this Friday, with a total of 16 holidays allocated to banks in January 2024, including the second and fourth Saturdays, Sundays, and other regional holidays. The list of bank holidays is released by the Reserve Bank of India (RBI) and is determined by factors such as national or state holidays, cultural or religious observances, operational requirements, government announcements, and coordination with other banks.
Edtech firm Byju's plans to raise funds at a lower valuation of USD 7-8 billion as the company looks to shore up its financials with adequate liquidity, said a senior executive at the company on Tuesday.
Chinese smartphone maker Realme has surpassed 100 million smartphone shipments in India in 2023 within just five years of its inception, and the brand will sharpen its focus this year on enhancing performance, photography, and design to further elevate its sales trajectory, its Vice President Chase Xu said.
The National Girl Child Day, celebrated on January 24, aims to raise awareness about gender inequality in India and highlight the prejudice and injustice girls face on a day-to-day basis.
Rating agency Icra has revised its projection for bank credit growth for the current fiscal year to 14.9-15.3 per cent, marking the highest-ever incremental bank credit growth at Rs 20.4-20.9 lakh crore.
A Boeing 757 passenger jet operated by Delta Air Lines experienced a detachment of its nose wheel over the weekend, causing it to roll away as the aircraft was preparing for takeoff at Atlanta's international airport, as reported by the Federal Aviation Administration (FAA).
Sensex and Nifty rebounded on Wednesday, recovering from the significant market decline the previous day, where the benchmark BSE index had fallen over 1000 points.
Budget 2024: Union Finance Minister Nirmala Sitharaman is set to present the interim budget for FY25 on February 1. However, the presentation will not be a full budget but rather a vote on account or interim budget.
The Apparel Export Promotion Council (AEPC) has requested tax incentives, including uniformity in the Goods and Services Tax (GST) and increased interest subsidies, to bolster domestic manufacturing and India's exports.
Banks are set for a three-day long weekend starting this Friday, with a total of 16 holidays allocated to banks in January 2024, including the second and fourth Saturdays, Sundays, and other regional holidays. The list of bank holidays is released by the Reserve Bank of India (RBI) and is determined by factors such as national or state holidays, cultural or religious observances, operational requirements, government announcements, and coordination with other banks.
Budget 2024: Union Finance Minister Nirmala Sitharaman on Wednesday participated in the pre-budget 'halwa' ceremony, marking the final stage of the Budget preparation process for Interim Union Budget 2024.
Chinese smartphone maker Realme has surpassed 100 million smartphone shipments in India in 2023 within just five years of its inception, and the brand will sharpen its focus this year on enhancing performance, photography, and design to further elevate its sales trajectory, its Vice President Chase Xu said.
The National Girl Child Day, celebrated on January 24, aims to raise awareness about gender inequality in India and highlight the prejudice and injustice girls face on a day-to-day basis.
Rating agency Icra has revised its projection for bank credit growth for the current fiscal year to 14.9-15.3 per cent, marking the highest-ever incremental bank credit growth at Rs 20.4-20.9 lakh crore.
A Boeing 757 passenger jet operated by Delta Air Lines experienced a detachment of its nose wheel over the weekend, causing it to roll away as the aircraft was preparing for takeoff at Atlanta's international airport, as reported by the Federal Aviation Administration (FAA).
Sensex and Nifty rebounded on Wednesday, recovering from the significant market decline the previous day, where the benchmark BSE index had fallen over 1000 points.
Budget 2024: Union Finance Minister Nirmala Sitharaman is set to present the interim budget for FY25 on February 1. However, the presentation will not be a full budget but rather a vote on account or interim budget.
The Apparel Export Promotion Council (AEPC) has requested tax incentives, including uniformity in the Goods and Services Tax (GST) and increased interest subsidies, to bolster domestic manufacturing and India's exports.
Banks are set for a three-day long weekend starting this Friday, with a total of 16 holidays allocated to banks in January 2024, including the second and fourth Saturdays, Sundays, and other regional holidays. The list of bank holidays is released by the Reserve Bank of India (RBI) and is determined by factors such as national or state holidays, cultural or religious observances, operational requirements, government announcements, and coordination with other banks.
Budget 2024: Union Finance Minister Nirmala Sitharaman on Wednesday participated in the pre-budget 'halwa' ceremony, marking the final stage of the Budget preparation process for Interim Union Budget 2024.
The MSME sector wants Finance Minister Nirmala Sitharaman to come out with a special package for small and medium enterprises to ensure greater availability of institutional credit at competitive rates to enable it to play a bigger role as India moves closer to becoming a USD 5 trillion economy. Sitharaman is scheduled to present the interim budget 2023–24 in the Lok Sabha on February 1. This will be the last major economic document of the government before the next general elections.
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