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IndiaTV Business: Google News Feed: Digest for January 29, 2024

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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.

India's foreign exchange reserves decline by USD 2.8 billion

Saturday 27 January 2024 04:14 AM UTC+00
Business news: India's foreign exchange reserves declined by USD 2.795 billion to USD 616.143 billion in the week that ended on January 19, 2023, the latest data released by the Reserve Bank of India (RBI) showed. During the week, India's foreign currency assets (FCA), the biggest component of the forex reserves, declined by USD 2.653 billion to USD 545.855 billion, the central bank's weekly statistical data showed.
Budget 2024: The government has reduced its budgetary support to state-owned fuel retailers, including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), by halving the equity infusion to Rs 15,000 crore.
Budget 2024: Finance Minister Nirmala Sitharaman is set to make history by presenting her sixth consecutive budget on February 1, matching the record held by former Prime Minister Morarji Desai.
Binny Bansal, the co-founder of Flipkart, has officially resigned from the board of the e-commerce giant after recently selling his remaining stake in the startup. His departure follows earlier reports indicating his intention to re-enter the e-commerce space, following in the footsteps of his co-founder, Sachin Bansal, who left Flipkart a few years ago to pursue a fintech venture called Navi.
Ola Mobility is planning to deploy 10,000 electric two-wheelers across three cities in the next two months and gradually scale up its service across the country by the end of year.
BLS International's subsidiary, BLS E-Services, is set to launch its initial public offering (IPO) on January 30, with the subscription window open until February 1.
Yes Bank reported a net profit of Rs 231 crore for the October-December quarter of 2023-24, 349.70 per cent higher Rs 52 crore figure in the same period the previous year, which was significantly impacted by provisions made for the transfer of sour loans to an asset reconstruction company.
The government is working on reforms in the Special Economic Zone (SEZ) domain to facilitate the smooth movement of goods between the domestic tariff area (DTA) and SEZ space without compromising the competitiveness of goods in export markets, according to Commerce Secretary Sunil Barthwal.
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.

India's foreign exchange reserves decline by USD 2.8 billion

Saturday 27 January 2024 04:14 AM UTC+00
Business news: India's foreign exchange reserves declined by USD 2.795 billion to USD 616.143 billion in the week that ended on January 19, 2023, the latest data released by the Reserve Bank of India (RBI) showed. During the week, India's foreign currency assets (FCA), the biggest component of the forex reserves, declined by USD 2.653 billion to USD 545.855 billion, the central bank's weekly statistical data showed.
Budget 2024: The government has reduced its budgetary support to state-owned fuel retailers, including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), by halving the equity infusion to Rs 15,000 crore.
Budget 2024: Finance Minister Nirmala Sitharaman is set to make history by presenting her sixth consecutive budget on February 1, matching the record held by former Prime Minister Morarji Desai.
Binny Bansal, the co-founder of Flipkart, has officially resigned from the board of the e-commerce giant after recently selling his remaining stake in the startup. His departure follows earlier reports indicating his intention to re-enter the e-commerce space, following in the footsteps of his co-founder, Sachin Bansal, who left Flipkart a few years ago to pursue a fintech venture called Navi.
Ola Mobility is planning to deploy 10,000 electric two-wheelers across three cities in the next two months and gradually scale up its service across the country by the end of year.
BLS International's subsidiary, BLS E-Services, is set to launch its initial public offering (IPO) on January 30, with the subscription window open until February 1.
Yes Bank reported a net profit of Rs 231 crore for the October-December quarter of 2023-24, 349.70 per cent higher Rs 52 crore figure in the same period the previous year, which was significantly impacted by provisions made for the transfer of sour loans to an asset reconstruction company.
The government is working on reforms in the Special Economic Zone (SEZ) domain to facilitate the smooth movement of goods between the domestic tariff area (DTA) and SEZ space without compromising the competitiveness of goods in export markets, according to Commerce Secretary Sunil Barthwal.
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.

India's foreign exchange reserves decline by USD 2.8 billion

Saturday 27 January 2024 04:14 AM UTC+00
Business news: India's foreign exchange reserves declined by USD 2.795 billion to USD 616.143 billion in the week that ended on January 19, 2023, the latest data released by the Reserve Bank of India (RBI) showed. During the week, India's foreign currency assets (FCA), the biggest component of the forex reserves, declined by USD 2.653 billion to USD 545.855 billion, the central bank's weekly statistical data showed.
Budget 2024: The government has reduced its budgetary support to state-owned fuel retailers, including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), by halving the equity infusion to Rs 15,000 crore.
Budget 2024: Finance Minister Nirmala Sitharaman is set to make history by presenting her sixth consecutive budget on February 1, matching the record held by former Prime Minister Morarji Desai.
Binny Bansal, the co-founder of Flipkart, has officially resigned from the board of the e-commerce giant after recently selling his remaining stake in the startup. His departure follows earlier reports indicating his intention to re-enter the e-commerce space, following in the footsteps of his co-founder, Sachin Bansal, who left Flipkart a few years ago to pursue a fintech venture called Navi.
Ola Mobility is planning to deploy 10,000 electric two-wheelers across three cities in the next two months and gradually scale up its service across the country by the end of year.
BLS International's subsidiary, BLS E-Services, is set to launch its initial public offering (IPO) on January 30, with the subscription window open until February 1.
Yes Bank reported a net profit of Rs 231 crore for the October-December quarter of 2023-24, 349.70 per cent higher Rs 52 crore figure in the same period the previous year, which was significantly impacted by provisions made for the transfer of sour loans to an asset reconstruction company.
The government is working on reforms in the Special Economic Zone (SEZ) domain to facilitate the smooth movement of goods between the domestic tariff area (DTA) and SEZ space without compromising the competitiveness of goods in export markets, according to Commerce Secretary Sunil Barthwal.
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.

India's foreign exchange reserves decline by USD 2.8 billion

Saturday 27 January 2024 04:14 AM UTC+00
Business news: India's foreign exchange reserves declined by USD 2.795 billion to USD 616.143 billion in the week that ended on January 19, 2023, the latest data released by the Reserve Bank of India (RBI) showed. During the week, India's foreign currency assets (FCA), the biggest component of the forex reserves, declined by USD 2.653 billion to USD 545.855 billion, the central bank's weekly statistical data showed.
Budget 2024: The government has reduced its budgetary support to state-owned fuel retailers, including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), by halving the equity infusion to Rs 15,000 crore.
Budget 2024: Finance Minister Nirmala Sitharaman is set to make history by presenting her sixth consecutive budget on February 1, matching the record held by former Prime Minister Morarji Desai.
Binny Bansal, the co-founder of Flipkart, has officially resigned from the board of the e-commerce giant after recently selling his remaining stake in the startup. His departure follows earlier reports indicating his intention to re-enter the e-commerce space, following in the footsteps of his co-founder, Sachin Bansal, who left Flipkart a few years ago to pursue a fintech venture called Navi.
Ola Mobility is planning to deploy 10,000 electric two-wheelers across three cities in the next two months and gradually scale up its service across the country by the end of year.
BLS International's subsidiary, BLS E-Services, is set to launch its initial public offering (IPO) on January 30, with the subscription window open until February 1.
Yes Bank reported a net profit of Rs 231 crore for the October-December quarter of 2023-24, 349.70 per cent higher Rs 52 crore figure in the same period the previous year, which was significantly impacted by provisions made for the transfer of sour loans to an asset reconstruction company.
The government is working on reforms in the Special Economic Zone (SEZ) domain to facilitate the smooth movement of goods between the domestic tariff area (DTA) and SEZ space without compromising the competitiveness of goods in export markets, according to Commerce Secretary Sunil Barthwal.
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.

India's foreign exchange reserves decline by USD 2.8 billion

Saturday 27 January 2024 04:14 AM UTC+00
Business news: India's foreign exchange reserves declined by USD 2.795 billion to USD 616.143 billion in the week that ended on January 19, 2023, the latest data released by the Reserve Bank of India (RBI) showed. During the week, India's foreign currency assets (FCA), the biggest component of the forex reserves, declined by USD 2.653 billion to USD 545.855 billion, the central bank's weekly statistical data showed.
Budget 2024: The government has reduced its budgetary support to state-owned fuel retailers, including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), by halving the equity infusion to Rs 15,000 crore.
Budget 2024: Finance Minister Nirmala Sitharaman is set to make history by presenting her sixth consecutive budget on February 1, matching the record held by former Prime Minister Morarji Desai.
Binny Bansal, the co-founder of Flipkart, has officially resigned from the board of the e-commerce giant after recently selling his remaining stake in the startup. His departure follows earlier reports indicating his intention to re-enter the e-commerce space, following in the footsteps of his co-founder, Sachin Bansal, who left Flipkart a few years ago to pursue a fintech venture called Navi.
Ola Mobility is planning to deploy 10,000 electric two-wheelers across three cities in the next two months and gradually scale up its service across the country by the end of year.
BLS International's subsidiary, BLS E-Services, is set to launch its initial public offering (IPO) on January 30, with the subscription window open until February 1.
Yes Bank reported a net profit of Rs 231 crore for the October-December quarter of 2023-24, 349.70 per cent higher Rs 52 crore figure in the same period the previous year, which was significantly impacted by provisions made for the transfer of sour loans to an asset reconstruction company.
The government is working on reforms in the Special Economic Zone (SEZ) domain to facilitate the smooth movement of goods between the domestic tariff area (DTA) and SEZ space without compromising the competitiveness of goods in export markets, according to Commerce Secretary Sunil Barthwal.
The rapid growth of e-commerce in tier-2 and tier-3 cities is the key driving factor behind the rise of the online retail market. According to Deloitte India, online retail penetration is projected to grow at an extraordinary rate in the coming years, and the size of the online retail market could touch USD 325 billion by 2030, compared to USD 70 billion in 2022.

India's foreign exchange reserves decline by USD 2.8 billion

Saturday 27 January 2024 04:14 AM UTC+00
Business news: India's foreign exchange reserves declined by USD 2.795 billion to USD 616.143 billion in the week that ended on January 19, 2023, the latest data released by the Reserve Bank of India (RBI) showed. During the week, India's foreign currency assets (FCA), the biggest component of the forex reserves, declined by USD 2.653 billion to USD 545.855 billion, the central bank's weekly statistical data showed.
Budget 2024: The government has reduced its budgetary support to state-owned fuel retailers, including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), by halving the equity infusion to Rs 15,000 crore.
Budget 2024: Finance Minister Nirmala Sitharaman is set to make history by presenting her sixth consecutive budget on February 1, matching the record held by former Prime Minister Morarji Desai.
Binny Bansal, the co-founder of Flipkart, has officially resigned from the board of the e-commerce giant after recently selling his remaining stake in the startup. His departure follows earlier reports indicating his intention to re-enter the e-commerce space, following in the footsteps of his co-founder, Sachin Bansal, who left Flipkart a few years ago to pursue a fintech venture called Navi.
Ola Mobility is planning to deploy 10,000 electric two-wheelers across three cities in the next two months and gradually scale up its service across the country by the end of year.
BLS International's subsidiary, BLS E-Services, is set to launch its initial public offering (IPO) on January 30, with the subscription window open until February 1.
Yes Bank reported a net profit of Rs 231 crore for the October-December quarter of 2023-24, 349.70 per cent higher Rs 52 crore figure in the same period the previous year, which was significantly impacted by provisions made for the transfer of sour loans to an asset reconstruction company.
The government is working on reforms in the Special Economic Zone (SEZ) domain to facilitate the smooth movement of goods between the domestic tariff area (DTA) and SEZ space without compromising the competitiveness of goods in export markets, according to Commerce Secretary Sunil Barthwal.
The rapid growth of e-commerce in tier-2 and tier-3 cities is the key driving factor behind the rise of the online retail market. According to Deloitte India, online retail penetration is projected to grow at an extraordinary rate in the coming years, and the size of the online retail market could touch USD 325 billion by 2030, compared to USD 70 billion in 2022.
India's natural gas demand is expected to rise by 6 percent in 2024 with a rise in consumption in fertiliser units, power generation and industrial sectors, according to the International Energy Agency (IEA). Following the 7 percent year-on-year decline observed in 2022, India's primary gas supply rose by 5 per cent in 2023, with growth primarily driven by the petrochemical, power generation, refinery and industrial sectors.

India's foreign exchange reserves decline by USD 2.8 billion

Saturday 27 January 2024 04:14 AM UTC+00
Business news: India's foreign exchange reserves declined by USD 2.795 billion to USD 616.143 billion in the week that ended on January 19, 2023, the latest data released by the Reserve Bank of India (RBI) showed. During the week, India's foreign currency assets (FCA), the biggest component of the forex reserves, declined by USD 2.653 billion to USD 545.855 billion, the central bank's weekly statistical data showed.
Budget 2024: The government has reduced its budgetary support to state-owned fuel retailers, including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), by halving the equity infusion to Rs 15,000 crore.
Budget 2024: Finance Minister Nirmala Sitharaman is set to make history by presenting her sixth consecutive budget on February 1, matching the record held by former Prime Minister Morarji Desai.
Binny Bansal, the co-founder of Flipkart, has officially resigned from the board of the e-commerce giant after recently selling his remaining stake in the startup. His departure follows earlier reports indicating his intention to re-enter the e-commerce space, following in the footsteps of his co-founder, Sachin Bansal, who left Flipkart a few years ago to pursue a fintech venture called Navi.
Ola Mobility is planning to deploy 10,000 electric two-wheelers across three cities in the next two months and gradually scale up its service across the country by the end of year.
BLS International's subsidiary, BLS E-Services, is set to launch its initial public offering (IPO) on January 30, with the subscription window open until February 1.
Yes Bank reported a net profit of Rs 231 crore for the October-December quarter of 2023-24, 349.70 per cent higher Rs 52 crore figure in the same period the previous year, which was significantly impacted by provisions made for the transfer of sour loans to an asset reconstruction company.
The government is working on reforms in the Special Economic Zone (SEZ) domain to facilitate the smooth movement of goods between the domestic tariff area (DTA) and SEZ space without compromising the competitiveness of goods in export markets, according to Commerce Secretary Sunil Barthwal.
The rapid growth of e-commerce in tier-2 and tier-3 cities is the key driving factor behind the rise of the online retail market. According to Deloitte India, online retail penetration is projected to grow at an extraordinary rate in the coming years, and the size of the online retail market could touch USD 325 billion by 2030, compared to USD 70 billion in 2022.
India's natural gas demand is expected to rise by 6 percent in 2024 with a rise in consumption in fertiliser units, power generation and industrial sectors, according to the International Energy Agency (IEA). Following the 7 percent year-on-year decline observed in 2022, India's primary gas supply rose by 5 per cent in 2023, with growth primarily driven by the petrochemical, power generation, refinery and industrial sectors.

India's foreign exchange reserves decline by USD 2.8 billion

Saturday 27 January 2024 04:14 AM UTC+00
Business news: India's foreign exchange reserves declined by USD 2.795 billion to USD 616.143 billion in the week that ended on January 19, 2023, the latest data released by the Reserve Bank of India (RBI) showed. During the week, India's foreign currency assets (FCA), the biggest component of the forex reserves, declined by USD 2.653 billion to USD 545.855 billion, the central bank's weekly statistical data showed.
Budget 2024: The government has reduced its budgetary support to state-owned fuel retailers, including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), by halving the equity infusion to Rs 15,000 crore.
Budget 2024: Finance Minister Nirmala Sitharaman is set to make history by presenting her sixth consecutive budget on February 1, matching the record held by former Prime Minister Morarji Desai.
Binny Bansal, the co-founder of Flipkart, has officially resigned from the board of the e-commerce giant after recently selling his remaining stake in the startup. His departure follows earlier reports indicating his intention to re-enter the e-commerce space, following in the footsteps of his co-founder, Sachin Bansal, who left Flipkart a few years ago to pursue a fintech venture called Navi.
Ola Mobility is planning to deploy 10,000 electric two-wheelers across three cities in the next two months and gradually scale up its service across the country by the end of year.
BLS International's subsidiary, BLS E-Services, is set to launch its initial public offering (IPO) on January 30, with the subscription window open until February 1.
Yes Bank reported a net profit of Rs 231 crore for the October-December quarter of 2023-24, 349.70 per cent higher Rs 52 crore figure in the same period the previous year, which was significantly impacted by provisions made for the transfer of sour loans to an asset reconstruction company.
The government is working on reforms in the Special Economic Zone (SEZ) domain to facilitate the smooth movement of goods between the domestic tariff area (DTA) and SEZ space without compromising the competitiveness of goods in export markets, according to Commerce Secretary Sunil Barthwal.
The rapid growth of e-commerce in tier-2 and tier-3 cities is the key driving factor behind the rise of the online retail market. According to Deloitte India, online retail penetration is projected to grow at an extraordinary rate in the coming years, and the size of the online retail market could touch USD 325 billion by 2030, compared to USD 70 billion in 2022.
India's natural gas demand is expected to rise by 6 percent in 2024 with a rise in consumption in fertiliser units, power generation and industrial sectors, according to the International Energy Agency (IEA). Following the 7 percent year-on-year decline observed in 2022, India's primary gas supply rose by 5 per cent in 2023, with growth primarily driven by the petrochemical, power generation, refinery and industrial sectors.
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