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IndiaTV Business: Google News Feed: Digest for January 27, 2024

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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.
Stock markets update: Equity benchmark indices tumbled in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. The 30-share BSE Sensex fell 227.72 points to 70,832.59 in early trade. Meanwhile, the Nifty declined 55.7 points to 21,398.25.
The Sensex and Nifty witnessed a downturn as IT stocks experienced selling pressure, coupled with continuous outflows of foreign funds. The benchmark BSE Sensex closes at 70,700.67, marking a decline of 359.64 points, or 0.51%. Earlier in the day, it saw a substantial drop of 741.27 points to 70,319.04. The Nifty falls by 101.35 points, or 0.47%, settling at 21,352.60, reflecting the overall market sentiment.
As February 1 approaches, discussions about the upcoming budget intensify across the nation. Each year, on this date, the Finance Minister of the central government presents the country's budget. In the election year, Finance Minister Nirmala Sitharaman is set to unveil an interim budget rather than the complete budget. 
US-based property giant Forbes is all set to enter the Indian real estate market with the grand debut of India Forbes Global Properties. Forbes is a 100-year-old brand associated with the who's who of the world and millionaires around the globe.
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.
Stock markets update: Equity benchmark indices tumbled in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. The 30-share BSE Sensex fell 227.72 points to 70,832.59 in early trade. Meanwhile, the Nifty declined 55.7 points to 21,398.25.
The Sensex and Nifty witnessed a downturn as IT stocks experienced selling pressure, coupled with continuous outflows of foreign funds. The benchmark BSE Sensex closes at 70,700.67, marking a decline of 359.64 points, or 0.51%. Earlier in the day, it saw a substantial drop of 741.27 points to 70,319.04. The Nifty falls by 101.35 points, or 0.47%, settling at 21,352.60, reflecting the overall market sentiment.
As February 1 approaches, discussions about the upcoming budget intensify across the nation. Each year, on this date, the Finance Minister of the central government presents the country's budget. In the election year, Finance Minister Nirmala Sitharaman is set to unveil an interim budget rather than the complete budget. 
US-based property giant Forbes is all set to enter the Indian real estate market with the grand debut of India Forbes Global Properties. Forbes is a 100-year-old brand associated with the who's who of the world and millionaires around the globe.
Republic Day 2024: Indian stock exchanges are closed on Friday on the occasion of Republic Day 2024, with normal trading activities to resume on Monday (January 29). This year, India is commemorating its 75th Republic Day, marking the adoption of the constitution on January 26, 1950, and the attainment of sovereignty.
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.
Stock markets update: Equity benchmark indices tumbled in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. The 30-share BSE Sensex fell 227.72 points to 70,832.59 in early trade. Meanwhile, the Nifty declined 55.7 points to 21,398.25.
The Sensex and Nifty witnessed a downturn as IT stocks experienced selling pressure, coupled with continuous outflows of foreign funds. The benchmark BSE Sensex closes at 70,700.67, marking a decline of 359.64 points, or 0.51%. Earlier in the day, it saw a substantial drop of 741.27 points to 70,319.04. The Nifty falls by 101.35 points, or 0.47%, settling at 21,352.60, reflecting the overall market sentiment.
As February 1 approaches, discussions about the upcoming budget intensify across the nation. Each year, on this date, the Finance Minister of the central government presents the country's budget. In the election year, Finance Minister Nirmala Sitharaman is set to unveil an interim budget rather than the complete budget. 
US-based property giant Forbes is all set to enter the Indian real estate market with the grand debut of India Forbes Global Properties. Forbes is a 100-year-old brand associated with the who's who of the world and millionaires around the globe.
Republic Day 2024: Indian stock exchanges are closed on Friday on the occasion of Republic Day 2024, with normal trading activities to resume on Monday (January 29). This year, India is commemorating its 75th Republic Day, marking the adoption of the constitution on January 26, 1950, and the attainment of sovereignty.
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.
Stock markets update: Equity benchmark indices tumbled in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. The 30-share BSE Sensex fell 227.72 points to 70,832.59 in early trade. Meanwhile, the Nifty declined 55.7 points to 21,398.25.
The Sensex and Nifty witnessed a downturn as IT stocks experienced selling pressure, coupled with continuous outflows of foreign funds. The benchmark BSE Sensex closes at 70,700.67, marking a decline of 359.64 points, or 0.51%. Earlier in the day, it saw a substantial drop of 741.27 points to 70,319.04. The Nifty falls by 101.35 points, or 0.47%, settling at 21,352.60, reflecting the overall market sentiment.
As February 1 approaches, discussions about the upcoming budget intensify across the nation. Each year, on this date, the Finance Minister of the central government presents the country's budget. In the election year, Finance Minister Nirmala Sitharaman is set to unveil an interim budget rather than the complete budget. 
US-based property giant Forbes is all set to enter the Indian real estate market with the grand debut of India Forbes Global Properties. Forbes is a 100-year-old brand associated with the who's who of the world and millionaires around the globe.
Republic Day 2024: Indian stock exchanges are closed on Friday on the occasion of Republic Day 2024, with normal trading activities to resume on Monday (January 29). This year, India is commemorating its 75th Republic Day, marking the adoption of the constitution on January 26, 1950, and the attainment of sovereignty.
The Central government on Thursday awarded the prestigious Padma Bhushan to Taiwanese electronics manufacturing giant Foxconn Group's CEO and Chairman Young Liu, making him the only foreigner in the list of 17 Padma Bhushan recipients in 2024. Liu was conferred with the Padma Bhushan, the third-highest civilian award, on the eve of India's 75th Republic Day.
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.
Stock markets update: Equity benchmark indices tumbled in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. The 30-share BSE Sensex fell 227.72 points to 70,832.59 in early trade. Meanwhile, the Nifty declined 55.7 points to 21,398.25.
The Sensex and Nifty witnessed a downturn as IT stocks experienced selling pressure, coupled with continuous outflows of foreign funds. The benchmark BSE Sensex closes at 70,700.67, marking a decline of 359.64 points, or 0.51%. Earlier in the day, it saw a substantial drop of 741.27 points to 70,319.04. The Nifty falls by 101.35 points, or 0.47%, settling at 21,352.60, reflecting the overall market sentiment.
As February 1 approaches, discussions about the upcoming budget intensify across the nation. Each year, on this date, the Finance Minister of the central government presents the country's budget. In the election year, Finance Minister Nirmala Sitharaman is set to unveil an interim budget rather than the complete budget. 
US-based property giant Forbes is all set to enter the Indian real estate market with the grand debut of India Forbes Global Properties. Forbes is a 100-year-old brand associated with the who's who of the world and millionaires around the globe.
Republic Day 2024: Indian stock exchanges are closed on Friday on the occasion of Republic Day 2024, with normal trading activities to resume on Monday (January 29). This year, India is commemorating its 75th Republic Day, marking the adoption of the constitution on January 26, 1950, and the attainment of sovereignty.
The Central government on Thursday awarded the prestigious Padma Bhushan to Taiwanese electronics manufacturing giant Foxconn Group's CEO and Chairman Young Liu, making him the only foreigner in the list of 17 Padma Bhushan recipients in 2024. Liu was conferred with the Padma Bhushan, the third-highest civilian award, on the eve of India's 75th Republic Day.
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.
Stock markets update: Equity benchmark indices tumbled in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. The 30-share BSE Sensex fell 227.72 points to 70,832.59 in early trade. Meanwhile, the Nifty declined 55.7 points to 21,398.25.
The Sensex and Nifty witnessed a downturn as IT stocks experienced selling pressure, coupled with continuous outflows of foreign funds. The benchmark BSE Sensex closes at 70,700.67, marking a decline of 359.64 points, or 0.51%. Earlier in the day, it saw a substantial drop of 741.27 points to 70,319.04. The Nifty falls by 101.35 points, or 0.47%, settling at 21,352.60, reflecting the overall market sentiment.
As February 1 approaches, discussions about the upcoming budget intensify across the nation. Each year, on this date, the Finance Minister of the central government presents the country's budget. In the election year, Finance Minister Nirmala Sitharaman is set to unveil an interim budget rather than the complete budget. 
US-based property giant Forbes is all set to enter the Indian real estate market with the grand debut of India Forbes Global Properties. Forbes is a 100-year-old brand associated with the who's who of the world and millionaires around the globe.
Republic Day 2024: Indian stock exchanges are closed on Friday on the occasion of Republic Day 2024, with normal trading activities to resume on Monday (January 29). This year, India is commemorating its 75th Republic Day, marking the adoption of the constitution on January 26, 1950, and the attainment of sovereignty.
The Central government on Thursday awarded the prestigious Padma Bhushan to Taiwanese electronics manufacturing giant Foxconn Group's CEO and Chairman Young Liu, making him the only foreigner in the list of 17 Padma Bhushan recipients in 2024. Liu was conferred with the Padma Bhushan, the third-highest civilian award, on the eve of India's 75th Republic Day.
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.
Stock markets update: Equity benchmark indices tumbled in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. The 30-share BSE Sensex fell 227.72 points to 70,832.59 in early trade. Meanwhile, the Nifty declined 55.7 points to 21,398.25.
The Sensex and Nifty witnessed a downturn as IT stocks experienced selling pressure, coupled with continuous outflows of foreign funds. The benchmark BSE Sensex closes at 70,700.67, marking a decline of 359.64 points, or 0.51%. Earlier in the day, it saw a substantial drop of 741.27 points to 70,319.04. The Nifty falls by 101.35 points, or 0.47%, settling at 21,352.60, reflecting the overall market sentiment.
As February 1 approaches, discussions about the upcoming budget intensify across the nation. Each year, on this date, the Finance Minister of the central government presents the country's budget. In the election year, Finance Minister Nirmala Sitharaman is set to unveil an interim budget rather than the complete budget. 
US-based property giant Forbes is all set to enter the Indian real estate market with the grand debut of India Forbes Global Properties. Forbes is a 100-year-old brand associated with the who's who of the world and millionaires around the globe.
Republic Day 2024: Indian stock exchanges are closed on Friday on the occasion of Republic Day 2024, with normal trading activities to resume on Monday (January 29). This year, India is commemorating its 75th Republic Day, marking the adoption of the constitution on January 26, 1950, and the attainment of sovereignty.
The Central government on Thursday awarded the prestigious Padma Bhushan to Taiwanese electronics manufacturing giant Foxconn Group's CEO and Chairman Young Liu, making him the only foreigner in the list of 17 Padma Bhushan recipients in 2024. Liu was conferred with the Padma Bhushan, the third-highest civilian award, on the eve of India's 75th Republic Day.
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