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IndiaTV Business: Google News Feed: Digest for January 04, 2024

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Gross GST collection: The gross GST collection has jumped up by 12 per cent to Rs 14.97 lakh crore in the April-December 2023 period, the Finance Ministry informed on Monday.

Petrol, diesel sales fall in India as winter season sets in

Monday 01 January 2024 01:22 PM UTC+00
New Delhi: The sale of petrol and diesel in India declined in December, according to preliminary data from state-owned firms. The drop in demand is attributed to the onset of winter, which typically leads to reduced consumption. This trend is common as people tend to travel less during the colder months, impacting fuel sales.
ITRs filing: A record high of 8.18 crore tax returns have been filed until December 31 for the Assessment Year (AY) 2023-2024 against 7.51 crore Income Tax Returns (ITRs) filed at the end of December 31, 2022, the Ministry of Finance said on Monday (January 1).
Founder and CEO of OYO, Ritesh Agarwal has said that 80 per cent more users were searching for hotels in Ayodhya on New Year's eve rather than hills or beaches as the city witnessed one of the biggest spike.
Stock markets update: Equity benchmark indices opened in negative on Tuesday, on the second day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 202.76 points to 72,069.18. Meanwhile, the Nifty also fell by 42.9 points to 21,699 points. 
Sensex fell by 379 points to settle at 71,892.48 on Tuesday due to profit-taking in bank and IT shares after recent sharp gains and fresh foreign fund outflows. During the day, it tumbled 658.2 points or 0.91 per cent to a low of 71,613.74. The broader Nifty declined by 76.10 points or 0.35 per cent to close at 21,665.80. As many as 31 Nifty shares declined while 19 advanced.
Prime Minister Narendra Modi inaugurated the Surat Diamond Bourse last month, the world's biggest workspace. It is also touted to be the world's largest and most modern centre for international diamond and jewellery business. In his address, PM Modi said that the Surat Diamond Bourse will create 150,000 new jobs and become a "one-stop shop" for artisans and businessmen. 
The mining sector has the potential for a multiplier effect on economic growth. According to a report, the auctioning of critical mineral and offshore mineral blocks as well as giving exploration licences in 2024 are set to rejuvenate the sector. As the government focuses on self-reliance, multibagger stock Gujarat Toolroom which is into the development and operation of mines and minerals, has announced the acquisition of mines in Africa.
The financial services sector plays a crucial role in driving the economy. According to the National Securities Depository Limited (NSDL), the largest securities depositories in the world, foreign portfolio investors have shown significant interest in the financial services sector of India. Despite the recent stringent regulations imposed by the Reserve Bank of India (RBI), the sector continues to be in focus in the current bullish market scenario. Several brokerages say that the year 2024 will be a landmark year in banking and finance, marked by significant changes and transformations.
The Supreme Court is poised to announce its verdict on Wednesday regarding the Adani-Hindenburg dispute, addressing allegations of stock price manipulation against the Indian corporate giant, Adani Group. The bench, led by Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra, will deliver the judgment at 10:30 AM on four petitions filed by lawyers Vishal Tiwari, M L Sharma, Congress leader Jaya Thakur, and Anamika Jaiswal. These petitions assert that the Adani Group, closely associated with the Modi government, artificially inflated its share prices, leading to a significant decline after the release of a report by short-seller Hindenburg Research.
Gross GST collection: The gross GST collection has jumped up by 12 per cent to Rs 14.97 lakh crore in the April-December 2023 period, the Finance Ministry informed on Monday.

Petrol, diesel sales fall in India as winter season sets in

Monday 01 January 2024 01:22 PM UTC+00
New Delhi: The sale of petrol and diesel in India declined in December, according to preliminary data from state-owned firms. The drop in demand is attributed to the onset of winter, which typically leads to reduced consumption. This trend is common as people tend to travel less during the colder months, impacting fuel sales.
ITRs filing: A record high of 8.18 crore tax returns have been filed until December 31 for the Assessment Year (AY) 2023-2024 against 7.51 crore Income Tax Returns (ITRs) filed at the end of December 31, 2022, the Ministry of Finance said on Monday (January 1).
Founder and CEO of OYO, Ritesh Agarwal has said that 80 per cent more users were searching for hotels in Ayodhya on New Year's eve rather than hills or beaches as the city witnessed one of the biggest spike.
Stock markets update: Equity benchmark indices opened in negative on Tuesday, on the second day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 202.76 points to 72,069.18. Meanwhile, the Nifty also fell by 42.9 points to 21,699 points. 
Sensex fell by 379 points to settle at 71,892.48 on Tuesday due to profit-taking in bank and IT shares after recent sharp gains and fresh foreign fund outflows. During the day, it tumbled 658.2 points or 0.91 per cent to a low of 71,613.74. The broader Nifty declined by 76.10 points or 0.35 per cent to close at 21,665.80. As many as 31 Nifty shares declined while 19 advanced.
Prime Minister Narendra Modi inaugurated the Surat Diamond Bourse last month, the world's biggest workspace. It is also touted to be the world's largest and most modern centre for international diamond and jewellery business. In his address, PM Modi said that the Surat Diamond Bourse will create 150,000 new jobs and become a "one-stop shop" for artisans and businessmen. 
The mining sector has the potential for a multiplier effect on economic growth. According to a report, the auctioning of critical mineral and offshore mineral blocks as well as giving exploration licences in 2024 are set to rejuvenate the sector. As the government focuses on self-reliance, multibagger stock Gujarat Toolroom which is into the development and operation of mines and minerals, has announced the acquisition of mines in Africa.
The financial services sector plays a crucial role in driving the economy. According to the National Securities Depository Limited (NSDL), the largest securities depositories in the world, foreign portfolio investors have shown significant interest in the financial services sector of India. Despite the recent stringent regulations imposed by the Reserve Bank of India (RBI), the sector continues to be in focus in the current bullish market scenario. Several brokerages say that the year 2024 will be a landmark year in banking and finance, marked by significant changes and transformations.
The Supreme Court is poised to announce its verdict on Wednesday regarding the Adani-Hindenburg dispute, addressing allegations of stock price manipulation against the Indian corporate giant, Adani Group. The bench, led by Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra, will deliver the judgment at 10:30 AM on four petitions filed by lawyers Vishal Tiwari, M L Sharma, Congress leader Jaya Thakur, and Anamika Jaiswal. These petitions assert that the Adani Group, closely associated with the Modi government, artificially inflated its share prices, leading to a significant decline after the release of a report by short-seller Hindenburg Research.

Petrol, diesel sales fall in India as winter season sets in

Monday 01 January 2024 01:22 PM UTC+00
New Delhi: The sale of petrol and diesel in India declined in December, according to preliminary data from state-owned firms. The drop in demand is attributed to the onset of winter, which typically leads to reduced consumption. This trend is common as people tend to travel less during the colder months, impacting fuel sales.
ITRs filing: A record high of 8.18 crore tax returns have been filed until December 31 for the Assessment Year (AY) 2023-2024 against 7.51 crore Income Tax Returns (ITRs) filed at the end of December 31, 2022, the Ministry of Finance said on Monday (January 1).
Founder and CEO of OYO, Ritesh Agarwal has said that 80 per cent more users were searching for hotels in Ayodhya on New Year's eve rather than hills or beaches as the city witnessed one of the biggest spike.
Stock markets update: Equity benchmark indices opened in negative on Tuesday, on the second day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 202.76 points to 72,069.18. Meanwhile, the Nifty also fell by 42.9 points to 21,699 points. 
Sensex fell by 379 points to settle at 71,892.48 on Tuesday due to profit-taking in bank and IT shares after recent sharp gains and fresh foreign fund outflows. During the day, it tumbled 658.2 points or 0.91 per cent to a low of 71,613.74. The broader Nifty declined by 76.10 points or 0.35 per cent to close at 21,665.80. As many as 31 Nifty shares declined while 19 advanced.
Prime Minister Narendra Modi inaugurated the Surat Diamond Bourse last month, the world's biggest workspace. It is also touted to be the world's largest and most modern centre for international diamond and jewellery business. In his address, PM Modi said that the Surat Diamond Bourse will create 150,000 new jobs and become a "one-stop shop" for artisans and businessmen. 
The mining sector has the potential for a multiplier effect on economic growth. According to a report, the auctioning of critical mineral and offshore mineral blocks as well as giving exploration licences in 2024 are set to rejuvenate the sector. As the government focuses on self-reliance, multibagger stock Gujarat Toolroom which is into the development and operation of mines and minerals, has announced the acquisition of mines in Africa.
The financial services sector plays a crucial role in driving the economy. According to the National Securities Depository Limited (NSDL), the largest securities depositories in the world, foreign portfolio investors have shown significant interest in the financial services sector of India. Despite the recent stringent regulations imposed by the Reserve Bank of India (RBI), the sector continues to be in focus in the current bullish market scenario. Several brokerages say that the year 2024 will be a landmark year in banking and finance, marked by significant changes and transformations.
The Supreme Court is poised to announce its verdict on Wednesday regarding the Adani-Hindenburg dispute, addressing allegations of stock price manipulation against the Indian corporate giant, Adani Group. The bench, led by Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra, will deliver the judgment at 10:30 AM on four petitions filed by lawyers Vishal Tiwari, M L Sharma, Congress leader Jaya Thakur, and Anamika Jaiswal. These petitions assert that the Adani Group, closely associated with the Modi government, artificially inflated its share prices, leading to a significant decline after the release of a report by short-seller Hindenburg Research.
Stock markets update: Equity benchmark indices opened in negative on Wednesday, on the third day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 271.85 points to 71,620.63. Meanwhile, the Nifty also fell by 71.35 points to 21,594.45 points. 
ITRs filing: A record high of 8.18 crore tax returns have been filed until December 31 for the Assessment Year (AY) 2023-2024 against 7.51 crore Income Tax Returns (ITRs) filed at the end of December 31, 2022, the Ministry of Finance said on Monday (January 1).
Founder and CEO of OYO, Ritesh Agarwal has said that 80 per cent more users were searching for hotels in Ayodhya on New Year's eve rather than hills or beaches as the city witnessed one of the biggest spike.
Stock markets update: Equity benchmark indices opened in negative on Tuesday, on the second day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 202.76 points to 72,069.18. Meanwhile, the Nifty also fell by 42.9 points to 21,699 points. 
Sensex fell by 379 points to settle at 71,892.48 on Tuesday due to profit-taking in bank and IT shares after recent sharp gains and fresh foreign fund outflows. During the day, it tumbled 658.2 points or 0.91 per cent to a low of 71,613.74. The broader Nifty declined by 76.10 points or 0.35 per cent to close at 21,665.80. As many as 31 Nifty shares declined while 19 advanced.
Prime Minister Narendra Modi inaugurated the Surat Diamond Bourse last month, the world's biggest workspace. It is also touted to be the world's largest and most modern centre for international diamond and jewellery business. In his address, PM Modi said that the Surat Diamond Bourse will create 150,000 new jobs and become a "one-stop shop" for artisans and businessmen. 
The mining sector has the potential for a multiplier effect on economic growth. According to a report, the auctioning of critical mineral and offshore mineral blocks as well as giving exploration licences in 2024 are set to rejuvenate the sector. As the government focuses on self-reliance, multibagger stock Gujarat Toolroom which is into the development and operation of mines and minerals, has announced the acquisition of mines in Africa.
The financial services sector plays a crucial role in driving the economy. According to the National Securities Depository Limited (NSDL), the largest securities depositories in the world, foreign portfolio investors have shown significant interest in the financial services sector of India. Despite the recent stringent regulations imposed by the Reserve Bank of India (RBI), the sector continues to be in focus in the current bullish market scenario. Several brokerages say that the year 2024 will be a landmark year in banking and finance, marked by significant changes and transformations.
The Supreme Court is poised to announce its verdict on Wednesday regarding the Adani-Hindenburg dispute, addressing allegations of stock price manipulation against the Indian corporate giant, Adani Group. The bench, led by Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra, will deliver the judgment at 10:30 AM on four petitions filed by lawyers Vishal Tiwari, M L Sharma, Congress leader Jaya Thakur, and Anamika Jaiswal. These petitions assert that the Adani Group, closely associated with the Modi government, artificially inflated its share prices, leading to a significant decline after the release of a report by short-seller Hindenburg Research.
Stock markets update: Equity benchmark indices opened in negative on Wednesday, on the third day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 271.85 points to 71,620.63. Meanwhile, the Nifty also fell by 71.35 points to 21,594.45 points. 
On the onset of the Supreme Court ruling that there was no ground to order an investigation by a SIT or other probe agency into allegations against the group, shares of Adani group of companies jumped in morning trade on Wednesday. The Supreme Court on Wednesday said capital market regulator SEBI must conclude its probe within three months.
Founder and CEO of OYO, Ritesh Agarwal has said that 80 per cent more users were searching for hotels in Ayodhya on New Year's eve rather than hills or beaches as the city witnessed one of the biggest spike.
Stock markets update: Equity benchmark indices opened in negative on Tuesday, on the second day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 202.76 points to 72,069.18. Meanwhile, the Nifty also fell by 42.9 points to 21,699 points. 
Sensex fell by 379 points to settle at 71,892.48 on Tuesday due to profit-taking in bank and IT shares after recent sharp gains and fresh foreign fund outflows. During the day, it tumbled 658.2 points or 0.91 per cent to a low of 71,613.74. The broader Nifty declined by 76.10 points or 0.35 per cent to close at 21,665.80. As many as 31 Nifty shares declined while 19 advanced.
Prime Minister Narendra Modi inaugurated the Surat Diamond Bourse last month, the world's biggest workspace. It is also touted to be the world's largest and most modern centre for international diamond and jewellery business. In his address, PM Modi said that the Surat Diamond Bourse will create 150,000 new jobs and become a "one-stop shop" for artisans and businessmen. 
The mining sector has the potential for a multiplier effect on economic growth. According to a report, the auctioning of critical mineral and offshore mineral blocks as well as giving exploration licences in 2024 are set to rejuvenate the sector. As the government focuses on self-reliance, multibagger stock Gujarat Toolroom which is into the development and operation of mines and minerals, has announced the acquisition of mines in Africa.
The financial services sector plays a crucial role in driving the economy. According to the National Securities Depository Limited (NSDL), the largest securities depositories in the world, foreign portfolio investors have shown significant interest in the financial services sector of India. Despite the recent stringent regulations imposed by the Reserve Bank of India (RBI), the sector continues to be in focus in the current bullish market scenario. Several brokerages say that the year 2024 will be a landmark year in banking and finance, marked by significant changes and transformations.
The Supreme Court is poised to announce its verdict on Wednesday regarding the Adani-Hindenburg dispute, addressing allegations of stock price manipulation against the Indian corporate giant, Adani Group. The bench, led by Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra, will deliver the judgment at 10:30 AM on four petitions filed by lawyers Vishal Tiwari, M L Sharma, Congress leader Jaya Thakur, and Anamika Jaiswal. These petitions assert that the Adani Group, closely associated with the Modi government, artificially inflated its share prices, leading to a significant decline after the release of a report by short-seller Hindenburg Research.
Stock markets update: Equity benchmark indices opened in negative on Wednesday, on the third day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 271.85 points to 71,620.63. Meanwhile, the Nifty also fell by 71.35 points to 21,594.45 points. 
On the onset of the Supreme Court ruling that there was no ground to order an investigation by a SIT or other probe agency into allegations against the group, shares of Adani group of companies jumped in morning trade on Wednesday. The Supreme Court on Wednesday said capital market regulator SEBI must conclude its probe within three months.
Benchmark stock market indices experienced a downturn for the third consecutive session on Wednesday, primarily driven by a decline in information technology shares amidst a broader global market slide. The S&P BSE Sensex witnessed a drop of 535.88 points, settling at 71,356.60, while the NSE Nifty50 slid by 148.45 points, concluding at 21,517.35. Today's trading session saw weakness across broader market indices.
Stock markets update: Equity benchmark indices opened in negative on Tuesday, on the second day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 202.76 points to 72,069.18. Meanwhile, the Nifty also fell by 42.9 points to 21,699 points. 
Sensex fell by 379 points to settle at 71,892.48 on Tuesday due to profit-taking in bank and IT shares after recent sharp gains and fresh foreign fund outflows. During the day, it tumbled 658.2 points or 0.91 per cent to a low of 71,613.74. The broader Nifty declined by 76.10 points or 0.35 per cent to close at 21,665.80. As many as 31 Nifty shares declined while 19 advanced.
Prime Minister Narendra Modi inaugurated the Surat Diamond Bourse last month, the world's biggest workspace. It is also touted to be the world's largest and most modern centre for international diamond and jewellery business. In his address, PM Modi said that the Surat Diamond Bourse will create 150,000 new jobs and become a "one-stop shop" for artisans and businessmen. 
The mining sector has the potential for a multiplier effect on economic growth. According to a report, the auctioning of critical mineral and offshore mineral blocks as well as giving exploration licences in 2024 are set to rejuvenate the sector. As the government focuses on self-reliance, multibagger stock Gujarat Toolroom which is into the development and operation of mines and minerals, has announced the acquisition of mines in Africa.
The financial services sector plays a crucial role in driving the economy. According to the National Securities Depository Limited (NSDL), the largest securities depositories in the world, foreign portfolio investors have shown significant interest in the financial services sector of India. Despite the recent stringent regulations imposed by the Reserve Bank of India (RBI), the sector continues to be in focus in the current bullish market scenario. Several brokerages say that the year 2024 will be a landmark year in banking and finance, marked by significant changes and transformations.
The Supreme Court is poised to announce its verdict on Wednesday regarding the Adani-Hindenburg dispute, addressing allegations of stock price manipulation against the Indian corporate giant, Adani Group. The bench, led by Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra, will deliver the judgment at 10:30 AM on four petitions filed by lawyers Vishal Tiwari, M L Sharma, Congress leader Jaya Thakur, and Anamika Jaiswal. These petitions assert that the Adani Group, closely associated with the Modi government, artificially inflated its share prices, leading to a significant decline after the release of a report by short-seller Hindenburg Research.
Stock markets update: Equity benchmark indices opened in negative on Wednesday, on the third day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 271.85 points to 71,620.63. Meanwhile, the Nifty also fell by 71.35 points to 21,594.45 points. 
On the onset of the Supreme Court ruling that there was no ground to order an investigation by a SIT or other probe agency into allegations against the group, shares of Adani group of companies jumped in morning trade on Wednesday. The Supreme Court on Wednesday said capital market regulator SEBI must conclude its probe within three months.
Benchmark stock market indices experienced a downturn for the third consecutive session on Wednesday, primarily driven by a decline in information technology shares amidst a broader global market slide. The S&P BSE Sensex witnessed a drop of 535.88 points, settling at 71,356.60, while the NSE Nifty50 slid by 148.45 points, concluding at 21,517.35. Today's trading session saw weakness across broader market indices.
Petrol, diesel price cut: Amit reports that petrol, diesel prices may be reduced in the coming days, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has said that global oil market is in a "highly turbulent" situation and it has to stabilise before any cut.
Stock markets update: Equity benchmark indices opened in negative on Tuesday, on the second day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 202.76 points to 72,069.18. Meanwhile, the Nifty also fell by 42.9 points to 21,699 points. 
Sensex fell by 379 points to settle at 71,892.48 on Tuesday due to profit-taking in bank and IT shares after recent sharp gains and fresh foreign fund outflows. During the day, it tumbled 658.2 points or 0.91 per cent to a low of 71,613.74. The broader Nifty declined by 76.10 points or 0.35 per cent to close at 21,665.80. As many as 31 Nifty shares declined while 19 advanced.
Prime Minister Narendra Modi inaugurated the Surat Diamond Bourse last month, the world's biggest workspace. It is also touted to be the world's largest and most modern centre for international diamond and jewellery business. In his address, PM Modi said that the Surat Diamond Bourse will create 150,000 new jobs and become a "one-stop shop" for artisans and businessmen. 
The mining sector has the potential for a multiplier effect on economic growth. According to a report, the auctioning of critical mineral and offshore mineral blocks as well as giving exploration licences in 2024 are set to rejuvenate the sector. As the government focuses on self-reliance, multibagger stock Gujarat Toolroom which is into the development and operation of mines and minerals, has announced the acquisition of mines in Africa.
The financial services sector plays a crucial role in driving the economy. According to the National Securities Depository Limited (NSDL), the largest securities depositories in the world, foreign portfolio investors have shown significant interest in the financial services sector of India. Despite the recent stringent regulations imposed by the Reserve Bank of India (RBI), the sector continues to be in focus in the current bullish market scenario. Several brokerages say that the year 2024 will be a landmark year in banking and finance, marked by significant changes and transformations.
The Supreme Court is poised to announce its verdict on Wednesday regarding the Adani-Hindenburg dispute, addressing allegations of stock price manipulation against the Indian corporate giant, Adani Group. The bench, led by Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra, will deliver the judgment at 10:30 AM on four petitions filed by lawyers Vishal Tiwari, M L Sharma, Congress leader Jaya Thakur, and Anamika Jaiswal. These petitions assert that the Adani Group, closely associated with the Modi government, artificially inflated its share prices, leading to a significant decline after the release of a report by short-seller Hindenburg Research.
Stock markets update: Equity benchmark indices opened in negative on Wednesday, on the third day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 271.85 points to 71,620.63. Meanwhile, the Nifty also fell by 71.35 points to 21,594.45 points. 
On the onset of the Supreme Court ruling that there was no ground to order an investigation by a SIT or other probe agency into allegations against the group, shares of Adani group of companies jumped in morning trade on Wednesday. The Supreme Court on Wednesday said capital market regulator SEBI must conclude its probe within three months.
Benchmark stock market indices experienced a downturn for the third consecutive session on Wednesday, primarily driven by a decline in information technology shares amidst a broader global market slide. The S&P BSE Sensex witnessed a drop of 535.88 points, settling at 71,356.60, while the NSE Nifty50 slid by 148.45 points, concluding at 21,517.35. Today's trading session saw weakness across broader market indices.
Petrol, diesel price cut: Amit reports that petrol, diesel prices may be reduced in the coming days, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has said that global oil market is in a "highly turbulent" situation and it has to stabilise before any cut.
Stock markets update: Equity benchmark indices opened in negative on Tuesday, on the second day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 202.76 points to 72,069.18. Meanwhile, the Nifty also fell by 42.9 points to 21,699 points. 
Sensex fell by 379 points to settle at 71,892.48 on Tuesday due to profit-taking in bank and IT shares after recent sharp gains and fresh foreign fund outflows. During the day, it tumbled 658.2 points or 0.91 per cent to a low of 71,613.74. The broader Nifty declined by 76.10 points or 0.35 per cent to close at 21,665.80. As many as 31 Nifty shares declined while 19 advanced.
Prime Minister Narendra Modi inaugurated the Surat Diamond Bourse last month, the world's biggest workspace. It is also touted to be the world's largest and most modern centre for international diamond and jewellery business. In his address, PM Modi said that the Surat Diamond Bourse will create 150,000 new jobs and become a "one-stop shop" for artisans and businessmen. 
The mining sector has the potential for a multiplier effect on economic growth. According to a report, the auctioning of critical mineral and offshore mineral blocks as well as giving exploration licences in 2024 are set to rejuvenate the sector. As the government focuses on self-reliance, multibagger stock Gujarat Toolroom which is into the development and operation of mines and minerals, has announced the acquisition of mines in Africa.
The financial services sector plays a crucial role in driving the economy. According to the National Securities Depository Limited (NSDL), the largest securities depositories in the world, foreign portfolio investors have shown significant interest in the financial services sector of India. Despite the recent stringent regulations imposed by the Reserve Bank of India (RBI), the sector continues to be in focus in the current bullish market scenario. Several brokerages say that the year 2024 will be a landmark year in banking and finance, marked by significant changes and transformations.
The Supreme Court is poised to announce its verdict on Wednesday regarding the Adani-Hindenburg dispute, addressing allegations of stock price manipulation against the Indian corporate giant, Adani Group. The bench, led by Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra, will deliver the judgment at 10:30 AM on four petitions filed by lawyers Vishal Tiwari, M L Sharma, Congress leader Jaya Thakur, and Anamika Jaiswal. These petitions assert that the Adani Group, closely associated with the Modi government, artificially inflated its share prices, leading to a significant decline after the release of a report by short-seller Hindenburg Research.
Stock markets update: Equity benchmark indices opened in negative on Wednesday, on the third day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 271.85 points to 71,620.63. Meanwhile, the Nifty also fell by 71.35 points to 21,594.45 points. 
On the onset of the Supreme Court ruling that there was no ground to order an investigation by a SIT or other probe agency into allegations against the group, shares of Adani group of companies jumped in morning trade on Wednesday. The Supreme Court on Wednesday said capital market regulator SEBI must conclude its probe within three months.
Benchmark stock market indices experienced a downturn for the third consecutive session on Wednesday, primarily driven by a decline in information technology shares amidst a broader global market slide. The S&P BSE Sensex witnessed a drop of 535.88 points, settling at 71,356.60, while the NSE Nifty50 slid by 148.45 points, concluding at 21,517.35. Today's trading session saw weakness across broader market indices.
Petrol, diesel price cut: Amit reports that petrol, diesel prices may be reduced in the coming days, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has said that global oil market is in a "highly turbulent" situation and it has to stabilise before any cut.
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