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IndiaTV Business: Google News Feed: Digest for January 31, 2024

IndiaTV Business: Google News Feed

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FASTag KYC update: If you are planning to take your vehicles on highways, then we have an important update for you. To avoid inconvenience, ensure your Fastag KYC is updated as soon as possible. All FASTags with incomplete Know Your Customer (KYC) will be deactivated or blacklisted by banks after January 31 even if having enough balance, the National Highway Authority of India (NHAI) has announced. The move aims to prevent the issuance of multiple FASTags for a single vehicle, the distribution of FASTags without KYC verification, and the intentional non-fixing of FASTags on vehicle windscreens.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 503.47 points to 71,204.14. Meanwhile, the Nifty was also up by 178.55 points to 21,531.15 points. 
Nova AgriTech is set to finalise the basis of allotment for its recent initial public offering (IPO) on Monday, January 29. Investors who participated in the bidding process can expect to receive messages, alerts, or emails regarding the debit of funds or revocations of the IPO mandate by the end of Monday.
A Hong Kong court has ordered the liquidation of China Evergrande Group, the world's most indebted property developer with over $300 billion in total liabilities. The decision comes more than two years after Evergrande defaulted on a bond repayment and follows several court hearings where the company failed to present a concrete restructuring plan.
Several leading firms in the automobile industry are urging the government to maintain favourable policies for promoting green mobility and focus on robust infrastructure development in the upcoming Budget, scheduled for presentation on February 1.
Over the years, the presentation of the Union Budget in India has undergone a significant transformation. Traditionally, finance ministers were photographed carrying a briefcase into Parliament for the event. However, in 2019, Finance Minister Nirmala Sitharaman departed from this tradition and introduced a 'bahi khata,' a traditional Indian accounting ledger, replacing the colonial-era briefcase.
Equity benchmarks Sensex and Nifty saw a robust recovery on Monday, surging nearly 2 per cent, driven by strong buying in Reliance Industries and a positive trend in Asian markets.
India is projected to become the world's third-largest economy, reaching a GDP of USD 5 trillion in the next three years and aiming for USD 7 trillion by 2030, according to the Finance Ministry.
Industrialist Kumar Mangalam Birla expressed optimism about the Indian economy, stating that its vibrant energy is "looking like a wow."
Former Railway Board chairman Anil Kumar Lahoti was appointed as the chief of the Telecom Regulatory Authority of India (TRAI) on Monday. 
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 503.47 points to 71,204.14. Meanwhile, the Nifty was also up by 178.55 points to 21,531.15 points. 
Nova AgriTech is set to finalise the basis of allotment for its recent initial public offering (IPO) on Monday, January 29. Investors who participated in the bidding process can expect to receive messages, alerts, or emails regarding the debit of funds or revocations of the IPO mandate by the end of Monday.
A Hong Kong court has ordered the liquidation of China Evergrande Group, the world's most indebted property developer with over $300 billion in total liabilities. The decision comes more than two years after Evergrande defaulted on a bond repayment and follows several court hearings where the company failed to present a concrete restructuring plan.
Several leading firms in the automobile industry are urging the government to maintain favourable policies for promoting green mobility and focus on robust infrastructure development in the upcoming Budget, scheduled for presentation on February 1.
Over the years, the presentation of the Union Budget in India has undergone a significant transformation. Traditionally, finance ministers were photographed carrying a briefcase into Parliament for the event. However, in 2019, Finance Minister Nirmala Sitharaman departed from this tradition and introduced a 'bahi khata,' a traditional Indian accounting ledger, replacing the colonial-era briefcase.
Equity benchmarks Sensex and Nifty saw a robust recovery on Monday, surging nearly 2 per cent, driven by strong buying in Reliance Industries and a positive trend in Asian markets.
India is projected to become the world's third-largest economy, reaching a GDP of USD 5 trillion in the next three years and aiming for USD 7 trillion by 2030, according to the Finance Ministry.
Industrialist Kumar Mangalam Birla expressed optimism about the Indian economy, stating that its vibrant energy is "looking like a wow."
Former Railway Board chairman Anil Kumar Lahoti was appointed as the chief of the Telecom Regulatory Authority of India (TRAI) on Monday. 
Stock markets update: Equity benchmark indices declined in early trade on Tuesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 94.08 points to 71,847.49 in early trade. Meanwhile, the Nifty declined 31.6 points to 21,706 points. 
Over the years, the presentation of the Union Budget in India has undergone a significant transformation. Traditionally, finance ministers were photographed carrying a briefcase into Parliament for the event. However, in 2019, Finance Minister Nirmala Sitharaman departed from this tradition and introduced a 'bahi khata,' a traditional Indian accounting ledger, replacing the colonial-era briefcase.
Equity benchmarks Sensex and Nifty saw a robust recovery on Monday, surging nearly 2 per cent, driven by strong buying in Reliance Industries and a positive trend in Asian markets.
India is projected to become the world's third-largest economy, reaching a GDP of USD 5 trillion in the next three years and aiming for USD 7 trillion by 2030, according to the Finance Ministry.
Industrialist Kumar Mangalam Birla expressed optimism about the Indian economy, stating that its vibrant energy is "looking like a wow."
Former Railway Board chairman Anil Kumar Lahoti was appointed as the chief of the Telecom Regulatory Authority of India (TRAI) on Monday. 
Stock markets update: Equity benchmark indices declined in early trade on Tuesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 94.08 points to 71,847.49 in early trade. Meanwhile, the Nifty declined 31.6 points to 21,706 points. 
The Department of Telecom (DoT) has instructed telecom service operators to conduct a security audit of their systems in response to claims by cybersecurity firm CloudSEK that data on 750 million Indian subscribers has been leaked, according to a government official.
Union Finance Minister Nirmala Sitharaman is set to present the interim budget for the fiscal year 2024-25 on February 1, marking the last budget of the Narendra Modi government before the Lok Sabha elections.

Budget 2024: 10 facts about the Union Budget you should know

Tuesday 30 January 2024 07:52 AM UTC+00
Union Finance Minister Nirmala Sitharaman is scheduled to present the budget for the fiscal year 2024-25 on February 1.
BLS E-Services Ltd.'s Initial Public Offering (IPO) witnessed full subscription within minutes of opening for subscription on Tuesday. The Rs 311 crore IPO received bids for 5,83,39,440 shares against 1,37,02,904 shares on offer, translating into a 4.26-time subscription as per NSE data until 11:57 hours.
Industrialist Kumar Mangalam Birla expressed optimism about the Indian economy, stating that its vibrant energy is "looking like a wow."
Former Railway Board chairman Anil Kumar Lahoti was appointed as the chief of the Telecom Regulatory Authority of India (TRAI) on Monday. 
Stock markets update: Equity benchmark indices declined in early trade on Tuesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 94.08 points to 71,847.49 in early trade. Meanwhile, the Nifty declined 31.6 points to 21,706 points. 
The Department of Telecom (DoT) has instructed telecom service operators to conduct a security audit of their systems in response to claims by cybersecurity firm CloudSEK that data on 750 million Indian subscribers has been leaked, according to a government official.
Union Finance Minister Nirmala Sitharaman is set to present the interim budget for the fiscal year 2024-25 on February 1, marking the last budget of the Narendra Modi government before the Lok Sabha elections.

Budget 2024: 10 facts about the Union Budget you should know

Tuesday 30 January 2024 07:52 AM UTC+00
Union Finance Minister Nirmala Sitharaman is scheduled to present the budget for the fiscal year 2024-25 on February 1.
BLS E-Services Ltd.'s Initial Public Offering (IPO) witnessed full subscription within minutes of opening for subscription on Tuesday. The Rs 311 crore IPO received bids for 5,83,39,440 shares against 1,37,02,904 shares on offer, translating into a 4.26-time subscription as per NSE data until 11:57 hours.
The Nifty closed 207.05 points, or 0.95 per cent lower at 21,530.55 points, while the BSE Sensex ended Tuesday's trading session 760.07 points, or 1.06 per cent lower at 71,181.50 points.
Meesho, a Softbank-backed e-commerce platform, said on Tuesday that it has delisted almost 2 lakh products from its platform in the last quarter following quality checks.
EPACK Durable Ltd shares concluded their debut trade with a nearly 10 per cent decline against the issue price of Rs 230. EPACK Durable specialises in manufacturing room air conditioners and small household appliances.
Former Railway Board chairman Anil Kumar Lahoti was appointed as the chief of the Telecom Regulatory Authority of India (TRAI) on Monday. 
Stock markets update: Equity benchmark indices declined in early trade on Tuesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 94.08 points to 71,847.49 in early trade. Meanwhile, the Nifty declined 31.6 points to 21,706 points. 
The Department of Telecom (DoT) has instructed telecom service operators to conduct a security audit of their systems in response to claims by cybersecurity firm CloudSEK that data on 750 million Indian subscribers has been leaked, according to a government official.
Union Finance Minister Nirmala Sitharaman is set to present the interim budget for the fiscal year 2024-25 on February 1, marking the last budget of the Narendra Modi government before the Lok Sabha elections.

Budget 2024: 10 facts about the Union Budget you should know

Tuesday 30 January 2024 07:52 AM UTC+00
Union Finance Minister Nirmala Sitharaman is scheduled to present the budget for the fiscal year 2024-25 on February 1.
BLS E-Services Ltd.'s Initial Public Offering (IPO) witnessed full subscription within minutes of opening for subscription on Tuesday. The Rs 311 crore IPO received bids for 5,83,39,440 shares against 1,37,02,904 shares on offer, translating into a 4.26-time subscription as per NSE data until 11:57 hours.
The Nifty closed 207.05 points, or 0.95 per cent lower at 21,530.55 points, while the BSE Sensex ended Tuesday's trading session 760.07 points, or 1.06 per cent lower at 71,181.50 points.
Meesho, a Softbank-backed e-commerce platform, said on Tuesday that it has delisted almost 2 lakh products from its platform in the last quarter following quality checks.
EPACK Durable Ltd shares concluded their debut trade with a nearly 10 per cent decline against the issue price of Rs 230. EPACK Durable specialises in manufacturing room air conditioners and small household appliances.
The Initial Public Offering (IPO) of BLS E-Services Ltd witnessed overwhelming demand, getting fully subscribed within minutes of opening for bidding on Tuesday. The IPO ended the day with 15.63 times subscription, receiving bids for 21,41,26,416 shares against 1,37,02,904 shares on offer, according to NSE data.
Former Railway Board chairman Anil Kumar Lahoti was appointed as the chief of the Telecom Regulatory Authority of India (TRAI) on Monday. 
Stock markets update: Equity benchmark indices declined in early trade on Tuesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 94.08 points to 71,847.49 in early trade. Meanwhile, the Nifty declined 31.6 points to 21,706 points. 
The Department of Telecom (DoT) has instructed telecom service operators to conduct a security audit of their systems in response to claims by cybersecurity firm CloudSEK that data on 750 million Indian subscribers has been leaked, according to a government official.
Union Finance Minister Nirmala Sitharaman is set to present the interim budget for the fiscal year 2024-25 on February 1, marking the last budget of the Narendra Modi government before the Lok Sabha elections.

Budget 2024: 10 facts about the Union Budget you should know

Tuesday 30 January 2024 07:52 AM UTC+00
Union Finance Minister Nirmala Sitharaman is scheduled to present the budget for the fiscal year 2024-25 on February 1.
BLS E-Services Ltd.'s Initial Public Offering (IPO) witnessed full subscription within minutes of opening for subscription on Tuesday. The Rs 311 crore IPO received bids for 5,83,39,440 shares against 1,37,02,904 shares on offer, translating into a 4.26-time subscription as per NSE data until 11:57 hours.
The Nifty closed 207.05 points, or 0.95 per cent lower at 21,530.55 points, while the BSE Sensex ended Tuesday's trading session 760.07 points, or 1.06 per cent lower at 71,181.50 points.
Meesho, a Softbank-backed e-commerce platform, said on Tuesday that it has delisted almost 2 lakh products from its platform in the last quarter following quality checks.
EPACK Durable Ltd shares concluded their debut trade with a nearly 10 per cent decline against the issue price of Rs 230. EPACK Durable specialises in manufacturing room air conditioners and small household appliances.
The Initial Public Offering (IPO) of BLS E-Services Ltd witnessed overwhelming demand, getting fully subscribed within minutes of opening for bidding on Tuesday. The IPO ended the day with 15.63 times subscription, receiving bids for 21,41,26,416 shares against 1,37,02,904 shares on offer, according to NSE data.
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