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IndiaTV Business: Google News Feed: Digest for February 15, 2024

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Vibhor Steel Tubes is set to launch its IPO, valued at Rs 72.17 crore, on February 13, with the subscription period running until February 15, 2024.
Low-cost carrier SpiceJet is set to lay off 1,400 employees, accounting for approximately 15 per cent of its workforce, as part of efforts to cut operational costs, according to a media report.
Benchmark indices Sensex and Nifty experienced fluctuations amidst mixed trends in global markets in early trade on Tuesday .
Credit card providers offer a cash advance facility, allowing individuals to withdraw money from their credit card account and transfer it to their bank account. This essentially works like taking a loan, with the issuer applying interest on the transferred amount. The interest rate depends on how long it takes to repay the cash advance.
Tata Steel has invited applications from transgender candidates for several positions across multiple locations, taking a "significant step towards promoting inclusivity", the company said.

Paytm plunges nearly 8 per cent to hit 52-week low; here's why

Tuesday 13 February 2024 06:59 AM UTC+00
Paytm's parent company, One97 Communications, witnessed a significant drop in its shares on Tuesday, declining by nearly 8 per cent following Reserve Bank of India (RBI) Governor Das's statement affirming the central bank's stance against Paytm Payments Bank Ltd (PPBL).
Passenger vehicle retail sales surged to an all-time high in January, fueled by strong demand for sports utility vehicles (SUVs) and the ongoing wedding season, according to the Federation of Automobile Dealers Associations (FADA).
Tata Motors announced a significant reduction in prices for two of its electric vehicle (EV) models, Nexon.ev and Tiago.ev, by up to Rs 1.2 lakh.
Prime Minister Narendra Modi unveiled the 'PM Surya Ghar: Muft Bijli Yojana', an initiative aimed at providing 300 units of free electricity every month to one crore households across the nation.
The deadline provided by fintech giant Paytm to address operational hurdles hindering its lending operations and resume the sanctioning of new loans is set to conclude on February 14.
Credit card providers offer a cash advance facility, allowing individuals to withdraw money from their credit card account and transfer it to their bank account. This essentially works like taking a loan, with the issuer applying interest on the transferred amount. The interest rate depends on how long it takes to repay the cash advance.
Tata Steel has invited applications from transgender candidates for several positions across multiple locations, taking a "significant step towards promoting inclusivity", the company said.

Paytm plunges nearly 8 per cent to hit 52-week low; here's why

Tuesday 13 February 2024 06:59 AM UTC+00
Paytm's parent company, One97 Communications, witnessed a significant drop in its shares on Tuesday, declining by nearly 8 per cent following Reserve Bank of India (RBI) Governor Das's statement affirming the central bank's stance against Paytm Payments Bank Ltd (PPBL).
Passenger vehicle retail sales surged to an all-time high in January, fueled by strong demand for sports utility vehicles (SUVs) and the ongoing wedding season, according to the Federation of Automobile Dealers Associations (FADA).
Tata Motors announced a significant reduction in prices for two of its electric vehicle (EV) models, Nexon.ev and Tiago.ev, by up to Rs 1.2 lakh.
Prime Minister Narendra Modi unveiled the 'PM Surya Ghar: Muft Bijli Yojana', an initiative aimed at providing 300 units of free electricity every month to one crore households across the nation.
The deadline provided by fintech giant Paytm to address operational hurdles hindering its lending operations and resume the sanctioning of new loans is set to conclude on February 14.
Equity benchmark indices took a nosedive in early trading on Wednesday, with the Sensex plummeting over 675 points, echoing negative sentiments prevailing in the global market. This decline follows higher-than-expected inflation figures in the US, which have rattled investor confidence.

Here's how you can deactivate or port your Paytm FASTag

Wednesday 14 February 2024 04:57 AM UTC+00
The Paytm FASTag, a convenient cashless toll payment solution, has encountered difficulties following recent regulatory constraints from the Reserve Bank of India (RBI) affecting Paytm services. Numerous users have voiced apprehensions regarding their Paytm FASTag wallet balance and the viability of the service.

Intent to hire freshers rises 6 per cent in H1 FY24, says Report

Wednesday 14 February 2024 05:51 AM UTC+00
Intent to hire freshers has shown a notable improvement for the first half of 2024, rising by 6 per cent compared to the same period last year, signalling growing confidence among employers in India, according to a report released on Tuesday.
Prime Minister Narendra Modi unveiled the 'PM Surya Ghar: Muft Bijli Yojana', an initiative aimed at providing 300 units of free electricity every month to one crore households across the nation.
The deadline provided by fintech giant Paytm to address operational hurdles hindering its lending operations and resume the sanctioning of new loans is set to conclude on February 14.
Equity benchmark indices took a nosedive in early trading on Wednesday, with the Sensex plummeting over 675 points, echoing negative sentiments prevailing in the global market. This decline follows higher-than-expected inflation figures in the US, which have rattled investor confidence.

Here's how you can deactivate or port your Paytm FASTag

Wednesday 14 February 2024 04:57 AM UTC+00
The Paytm FASTag, a convenient cashless toll payment solution, has encountered difficulties following recent regulatory constraints from the Reserve Bank of India (RBI) affecting Paytm services. Numerous users have voiced apprehensions regarding their Paytm FASTag wallet balance and the viability of the service.

Intent to hire freshers rises 6 per cent in H1 FY24, says Report

Wednesday 14 February 2024 05:51 AM UTC+00
Intent to hire freshers has shown a notable improvement for the first half of 2024, rising by 6 per cent compared to the same period last year, signalling growing confidence among employers in India, according to a report released on Tuesday.
In today's day and age, personal loans have become a pivotal resource in an individual's financial toolkit, catering to various needs. However, securing a personal loan at favourable interest rates requires an understanding of several crucial factors and processes.
Domestic passenger vehicle wholesales surged by 14 per cent year-on-year to 3,93,074 units last month, marking the best-ever performance for January according to the Society of Indian Automobile Manufacturers (SIAM).

Wholesale price inflation declines to 0.27 per cent in January

Wednesday 14 February 2024 07:04 AM UTC+00
The Wholesale Price Index (WPI)-based inflation experienced a moderation in January, easing to 0.27 per cent, primarily driven by a decline in food prices.
The Enforcement Directorate (ED) has initiated a preliminary inquiry into the operations of Paytm, the fintech major's banking unit, Paytm Payments Bank. However, the ED has not yet filed an enforcement case information report, according to a media report.
Mahindra & Mahindra, the manufacturer of the 'Scorpio' SUV, reported a smaller-than-expected increase in third-quarter profit on Wednesday. Weak demand for its profit-boosting tractors offset strong sales of sport utility vehicles (SUVs).
Prime Minister Narendra Modi unveiled the 'PM Surya Ghar: Muft Bijli Yojana', an initiative aimed at providing 300 units of free electricity every month to one crore households across the nation.
The deadline provided by fintech giant Paytm to address operational hurdles hindering its lending operations and resume the sanctioning of new loans is set to conclude on February 14.
Equity benchmark indices took a nosedive in early trading on Wednesday, with the Sensex plummeting over 675 points, echoing negative sentiments prevailing in the global market. This decline follows higher-than-expected inflation figures in the US, which have rattled investor confidence.

Here's how you can deactivate or port your Paytm FASTag

Wednesday 14 February 2024 04:57 AM UTC+00
The Paytm FASTag, a convenient cashless toll payment solution, has encountered difficulties following recent regulatory constraints from the Reserve Bank of India (RBI) affecting Paytm services. Numerous users have voiced apprehensions regarding their Paytm FASTag wallet balance and the viability of the service.

Intent to hire freshers rises 6 per cent in H1 FY24, says Report

Wednesday 14 February 2024 05:51 AM UTC+00
Intent to hire freshers has shown a notable improvement for the first half of 2024, rising by 6 per cent compared to the same period last year, signalling growing confidence among employers in India, according to a report released on Tuesday.
In today's day and age, personal loans have become a pivotal resource in an individual's financial toolkit, catering to various needs. However, securing a personal loan at favourable interest rates requires an understanding of several crucial factors and processes.
Domestic passenger vehicle wholesales surged by 14 per cent year-on-year to 3,93,074 units last month, marking the best-ever performance for January according to the Society of Indian Automobile Manufacturers (SIAM).

Wholesale price inflation declines to 0.27 per cent in January

Wednesday 14 February 2024 07:04 AM UTC+00
The Wholesale Price Index (WPI)-based inflation experienced a moderation in January, easing to 0.27 per cent, primarily driven by a decline in food prices.
The Enforcement Directorate (ED) has initiated a preliminary inquiry into the operations of Paytm, the fintech major's banking unit, Paytm Payments Bank. However, the ED has not yet filed an enforcement case information report, according to a media report.
Mahindra & Mahindra, the manufacturer of the 'Scorpio' SUV, reported a smaller-than-expected increase in third-quarter profit on Wednesday. Weak demand for its profit-boosting tractors offset strong sales of sport utility vehicles (SUVs).
Prime Minister Narendra Modi unveiled the 'PM Surya Ghar: Muft Bijli Yojana', an initiative aimed at providing 300 units of free electricity every month to one crore households across the nation.
The deadline provided by fintech giant Paytm to address operational hurdles hindering its lending operations and resume the sanctioning of new loans is set to conclude on February 14.
Equity benchmark indices took a nosedive in early trading on Wednesday, with the Sensex plummeting over 675 points, echoing negative sentiments prevailing in the global market. This decline follows higher-than-expected inflation figures in the US, which have rattled investor confidence.

Here's how you can deactivate or port your Paytm FASTag

Wednesday 14 February 2024 04:57 AM UTC+00
The Paytm FASTag, a convenient cashless toll payment solution, has encountered difficulties following recent regulatory constraints from the Reserve Bank of India (RBI) affecting Paytm services. Numerous users have voiced apprehensions regarding their Paytm FASTag wallet balance and the viability of the service.

Intent to hire freshers rises 6 per cent in H1 FY24, says Report

Wednesday 14 February 2024 05:51 AM UTC+00
Intent to hire freshers has shown a notable improvement for the first half of 2024, rising by 6 per cent compared to the same period last year, signalling growing confidence among employers in India, according to a report released on Tuesday.
In today's day and age, personal loans have become a pivotal resource in an individual's financial toolkit, catering to various needs. However, securing a personal loan at favourable interest rates requires an understanding of several crucial factors and processes.
Domestic passenger vehicle wholesales surged by 14 per cent year-on-year to 3,93,074 units last month, marking the best-ever performance for January according to the Society of Indian Automobile Manufacturers (SIAM).

Wholesale price inflation declines to 0.27 per cent in January

Wednesday 14 February 2024 07:04 AM UTC+00
The Wholesale Price Index (WPI)-based inflation experienced a moderation in January, easing to 0.27 per cent, primarily driven by a decline in food prices.
The Enforcement Directorate (ED) has initiated a preliminary inquiry into the operations of Paytm, the fintech major's banking unit, Paytm Payments Bank. However, the ED has not yet filed an enforcement case information report, according to a media report.
Mahindra & Mahindra, the manufacturer of the 'Scorpio' SUV, reported a smaller-than-expected increase in third-quarter profit on Wednesday. Weak demand for its profit-boosting tractors offset strong sales of sport utility vehicles (SUVs).
The deadline provided by fintech giant Paytm to address operational hurdles hindering its lending operations and resume the sanctioning of new loans is set to conclude on February 14.
Equity benchmark indices took a nosedive in early trading on Wednesday, with the Sensex plummeting over 675 points, echoing negative sentiments prevailing in the global market. This decline follows higher-than-expected inflation figures in the US, which have rattled investor confidence.

Here's how you can deactivate or port your Paytm FASTag

Wednesday 14 February 2024 04:57 AM UTC+00
The Paytm FASTag, a convenient cashless toll payment solution, has encountered difficulties following recent regulatory constraints from the Reserve Bank of India (RBI) affecting Paytm services. Numerous users have voiced apprehensions regarding their Paytm FASTag wallet balance and the viability of the service.

Intent to hire freshers rises 6 per cent in H1 FY24, says Report

Wednesday 14 February 2024 05:51 AM UTC+00
Intent to hire freshers has shown a notable improvement for the first half of 2024, rising by 6 per cent compared to the same period last year, signalling growing confidence among employers in India, according to a report released on Tuesday.
In today's day and age, personal loans have become a pivotal resource in an individual's financial toolkit, catering to various needs. However, securing a personal loan at favourable interest rates requires an understanding of several crucial factors and processes.
Domestic passenger vehicle wholesales surged by 14 per cent year-on-year to 3,93,074 units last month, marking the best-ever performance for January according to the Society of Indian Automobile Manufacturers (SIAM).

Wholesale price inflation declines to 0.27 per cent in January

Wednesday 14 February 2024 07:04 AM UTC+00
The Wholesale Price Index (WPI)-based inflation experienced a moderation in January, easing to 0.27 per cent, primarily driven by a decline in food prices.
The Enforcement Directorate (ED) has initiated a preliminary inquiry into the operations of Paytm, the fintech major's banking unit, Paytm Payments Bank. However, the ED has not yet filed an enforcement case information report, according to a media report.
Mahindra & Mahindra, the manufacturer of the 'Scorpio' SUV, reported a smaller-than-expected increase in third-quarter profit on Wednesday. Weak demand for its profit-boosting tractors offset strong sales of sport utility vehicles (SUVs).
The Reserve Bank has directed Visa and Mastercard, two major players in international payments, to halt card-based commercial transactions made by small and large businesses. This action stems from concerns regarding compliance with Know Your Customer (KYC) regulations. Visa has confirmed receipt of communication from the regulator on February 8, while awaiting a response from Mastercard. 
The deadline provided by fintech giant Paytm to address operational hurdles hindering its lending operations and resume the sanctioning of new loans is set to conclude on February 14.
Equity benchmark indices took a nosedive in early trading on Wednesday, with the Sensex plummeting over 675 points, echoing negative sentiments prevailing in the global market. This decline follows higher-than-expected inflation figures in the US, which have rattled investor confidence.

Here's how you can deactivate or port your Paytm FASTag

Wednesday 14 February 2024 04:57 AM UTC+00
The Paytm FASTag, a convenient cashless toll payment solution, has encountered difficulties following recent regulatory constraints from the Reserve Bank of India (RBI) affecting Paytm services. Numerous users have voiced apprehensions regarding their Paytm FASTag wallet balance and the viability of the service.

Intent to hire freshers rises 6 per cent in H1 FY24, says Report

Wednesday 14 February 2024 05:51 AM UTC+00
Intent to hire freshers has shown a notable improvement for the first half of 2024, rising by 6 per cent compared to the same period last year, signalling growing confidence among employers in India, according to a report released on Tuesday.
In today's day and age, personal loans have become a pivotal resource in an individual's financial toolkit, catering to various needs. However, securing a personal loan at favourable interest rates requires an understanding of several crucial factors and processes.
Domestic passenger vehicle wholesales surged by 14 per cent year-on-year to 3,93,074 units last month, marking the best-ever performance for January according to the Society of Indian Automobile Manufacturers (SIAM).

Wholesale price inflation declines to 0.27 per cent in January

Wednesday 14 February 2024 07:04 AM UTC+00
The Wholesale Price Index (WPI)-based inflation experienced a moderation in January, easing to 0.27 per cent, primarily driven by a decline in food prices.
The Enforcement Directorate (ED) has initiated a preliminary inquiry into the operations of Paytm, the fintech major's banking unit, Paytm Payments Bank. However, the ED has not yet filed an enforcement case information report, according to a media report.
Mahindra & Mahindra, the manufacturer of the 'Scorpio' SUV, reported a smaller-than-expected increase in third-quarter profit on Wednesday. Weak demand for its profit-boosting tractors offset strong sales of sport utility vehicles (SUVs).
The Reserve Bank has directed Visa and Mastercard, two major players in international payments, to halt card-based commercial transactions made by small and large businesses. This action stems from concerns regarding compliance with Know Your Customer (KYC) regulations. Visa has confirmed receipt of communication from the regulator on February 8, while awaiting a response from Mastercard. 
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