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IndiaTV Business: Google News Feed: Digest for February 16, 2024

IndiaTV Business: Google News Feed

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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. 
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 National Stock Exchange (NSE) announced that it will conduct a special trading session on March 2, which falls on a Saturday, with an intraday switch over to its disaster recovery (DR) site.
Japan has slipped to the world's fourth-largest economy, falling behind the United States, China, and now Germany, according to government data released on Thursday. This shift highlights the gradual decline in Japan's competitiveness and productivity, exacerbated by its ageing population and declining birth rate.
The markets opened positively on Thursday, with both the Sensex and Nifty rising in early trade, tracking positive cues from Asian and global markets. The 30-share benchmark Sensex gained 115.89 points, or 0.16 per cent to reach 71,938.72 points, while the broader Nifty climbed 36.90 points, or 0.17 per cent to 21,876.95 points.
State-owned NMDC reported a significant increase in its consolidated net profit for the December quarter, rising by 62 per cent to Rs 1,469.73 crore compared to Rs 903.89 crore in the same period last year. This growth was primarily driven by higher income.
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 National Stock Exchange (NSE) announced that it will conduct a special trading session on March 2, which falls on a Saturday, with an intraday switch over to its disaster recovery (DR) site.
Japan has slipped to the world's fourth-largest economy, falling behind the United States, China, and now Germany, according to government data released on Thursday. This shift highlights the gradual decline in Japan's competitiveness and productivity, exacerbated by its ageing population and declining birth rate.
The markets opened positively on Thursday, with both the Sensex and Nifty rising in early trade, tracking positive cues from Asian and global markets. The 30-share benchmark Sensex gained 115.89 points, or 0.16 per cent to reach 71,938.72 points, while the broader Nifty climbed 36.90 points, or 0.17 per cent to 21,876.95 points.
State-owned NMDC reported a significant increase in its consolidated net profit for the December quarter, rising by 62 per cent to Rs 1,469.73 crore compared to Rs 903.89 crore in the same period last year. This growth was primarily driven by higher income.
The Enforcement Directorate (ED) has  questioned senior executives at Paytm and collected documents from them in response to the recent Reserve Bank of India (RBI) action, which barred Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account.
Understanding credit cards can feel overwhelming, especially with options like increasing your credit limit. If you're considering this option, using your card frequently and making full payments on time can often lead to automatic increases in your credit limit by your bank.

Hyundai Motor plans Rs 300 crore IPO to expand market share

Thursday 15 February 2024 07:30 AM UTC+00
Hyundai Motor's planned $3 billion IPO in India serves a dual purpose: expanding its presence in one of the world's fastest-growing markets and addressing the "Korea discount" that impacts its valuation in its home country.
Britain's economy slipped into a recession during the latter half of 2023, contracting by a more significant-than-anticipated 0.3 per cent in the three months leading up to December.
The National Stock Exchange (NSE) announced that it will conduct a special trading session on March 2, which falls on a Saturday, with an intraday switch over to its disaster recovery (DR) site.
Japan has slipped to the world's fourth-largest economy, falling behind the United States, China, and now Germany, according to government data released on Thursday. This shift highlights the gradual decline in Japan's competitiveness and productivity, exacerbated by its ageing population and declining birth rate.
The markets opened positively on Thursday, with both the Sensex and Nifty rising in early trade, tracking positive cues from Asian and global markets. The 30-share benchmark Sensex gained 115.89 points, or 0.16 per cent to reach 71,938.72 points, while the broader Nifty climbed 36.90 points, or 0.17 per cent to 21,876.95 points.
State-owned NMDC reported a significant increase in its consolidated net profit for the December quarter, rising by 62 per cent to Rs 1,469.73 crore compared to Rs 903.89 crore in the same period last year. This growth was primarily driven by higher income.
The Enforcement Directorate (ED) has  questioned senior executives at Paytm and collected documents from them in response to the recent Reserve Bank of India (RBI) action, which barred Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account.
Understanding credit cards can feel overwhelming, especially with options like increasing your credit limit. If you're considering this option, using your card frequently and making full payments on time can often lead to automatic increases in your credit limit by your bank.

Hyundai Motor plans Rs 300 crore IPO to expand market share

Thursday 15 February 2024 07:30 AM UTC+00
Hyundai Motor's planned $3 billion IPO in India serves a dual purpose: expanding its presence in one of the world's fastest-growing markets and addressing the "Korea discount" that impacts its valuation in its home country.
Britain's economy slipped into a recession during the latter half of 2023, contracting by a more significant-than-anticipated 0.3 per cent in the three months leading up to December.
Juniper Hotels, a luxury hotel developer operating properties under the Hyatt chain in India, has announced its initial public offering (IPO) with a price band set at Rs 342-360 per share of face value Rs 10 each. The IPO, valued at Rs 1,800 crore, will be open for subscription from February 21 to 23.
Boeing, the US-based aerospace company, has appointed Nikhil Joshi as the managing director of Boeing Defence India (BDI) as part of its efforts to strengthen operations and accelerate growth in India's defence sector. Joshi, based in New Delhi, will oversee current and future programmes aimed at enhancing the mission readiness and modernization of India's defence forces.
Japan has slipped to the world's fourth-largest economy, falling behind the United States, China, and now Germany, according to government data released on Thursday. This shift highlights the gradual decline in Japan's competitiveness and productivity, exacerbated by its ageing population and declining birth rate.
The markets opened positively on Thursday, with both the Sensex and Nifty rising in early trade, tracking positive cues from Asian and global markets. The 30-share benchmark Sensex gained 115.89 points, or 0.16 per cent to reach 71,938.72 points, while the broader Nifty climbed 36.90 points, or 0.17 per cent to 21,876.95 points.
State-owned NMDC reported a significant increase in its consolidated net profit for the December quarter, rising by 62 per cent to Rs 1,469.73 crore compared to Rs 903.89 crore in the same period last year. This growth was primarily driven by higher income.
The Enforcement Directorate (ED) has  questioned senior executives at Paytm and collected documents from them in response to the recent Reserve Bank of India (RBI) action, which barred Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account.
Understanding credit cards can feel overwhelming, especially with options like increasing your credit limit. If you're considering this option, using your card frequently and making full payments on time can often lead to automatic increases in your credit limit by your bank.

Hyundai Motor plans Rs 300 crore IPO to expand market share

Thursday 15 February 2024 07:30 AM UTC+00
Hyundai Motor's planned $3 billion IPO in India serves a dual purpose: expanding its presence in one of the world's fastest-growing markets and addressing the "Korea discount" that impacts its valuation in its home country.
Britain's economy slipped into a recession during the latter half of 2023, contracting by a more significant-than-anticipated 0.3 per cent in the three months leading up to December.
Juniper Hotels, a luxury hotel developer operating properties under the Hyatt chain in India, has announced its initial public offering (IPO) with a price band set at Rs 342-360 per share of face value Rs 10 each. The IPO, valued at Rs 1,800 crore, will be open for subscription from February 21 to 23.
Boeing, the US-based aerospace company, has appointed Nikhil Joshi as the managing director of Boeing Defence India (BDI) as part of its efforts to strengthen operations and accelerate growth in India's defence sector. Joshi, based in New Delhi, will oversee current and future programmes aimed at enhancing the mission readiness and modernization of India's defence forces.
Equity benchmark Sensex climbed over 225 points to reclaim the 72,000 mark while the Nifty settled close to the 22,000 level on Thursday on hectic buying in market heavyweights M&M, HDFC Bank and SBI, and positive global cues. Heavy demand for auto, energy and utility stocks also boosted the momentum as the market consolidated the gains, traders said.
State-owned NMDC reported a significant increase in its consolidated net profit for the December quarter, rising by 62 per cent to Rs 1,469.73 crore compared to Rs 903.89 crore in the same period last year. This growth was primarily driven by higher income.
The Enforcement Directorate (ED) has  questioned senior executives at Paytm and collected documents from them in response to the recent Reserve Bank of India (RBI) action, which barred Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account.
Understanding credit cards can feel overwhelming, especially with options like increasing your credit limit. If you're considering this option, using your card frequently and making full payments on time can often lead to automatic increases in your credit limit by your bank.

Hyundai Motor plans Rs 300 crore IPO to expand market share

Thursday 15 February 2024 07:30 AM UTC+00
Hyundai Motor's planned $3 billion IPO in India serves a dual purpose: expanding its presence in one of the world's fastest-growing markets and addressing the "Korea discount" that impacts its valuation in its home country.
Britain's economy slipped into a recession during the latter half of 2023, contracting by a more significant-than-anticipated 0.3 per cent in the three months leading up to December.
Juniper Hotels, a luxury hotel developer operating properties under the Hyatt chain in India, has announced its initial public offering (IPO) with a price band set at Rs 342-360 per share of face value Rs 10 each. The IPO, valued at Rs 1,800 crore, will be open for subscription from February 21 to 23.
Boeing, the US-based aerospace company, has appointed Nikhil Joshi as the managing director of Boeing Defence India (BDI) as part of its efforts to strengthen operations and accelerate growth in India's defence sector. Joshi, based in New Delhi, will oversee current and future programmes aimed at enhancing the mission readiness and modernization of India's defence forces.
Equity benchmark Sensex climbed over 225 points to reclaim the 72,000 mark while the Nifty settled close to the 22,000 level on Thursday on hectic buying in market heavyweights M&M, HDFC Bank and SBI, and positive global cues. Heavy demand for auto, energy and utility stocks also boosted the momentum as the market consolidated the gains, traders said.
The government on Thursday increased the windfall tax on domestically produced crude oil, raising it to Rs 3,300 per tonne from the previous Rs 3,200 per tonne, effective from February 16. Notably, this tax is imposed as a Special Additional Excise Duty (SAED). In addition, the SAED on diesel exports has also been raised to Rs 1.50 per litre from previously being nil.
New Delhi: The Directorate General of GST Intelligence (DGGI) summoned ten foreign airlines operating in India over alleged tax evasion on the import of services, according to Reuters quoting a report by CNBC-TV18. The agency sought clarification over payment of crew salaries and staff expenses at the offices of international airlines, according to sources.
State-owned NMDC reported a significant increase in its consolidated net profit for the December quarter, rising by 62 per cent to Rs 1,469.73 crore compared to Rs 903.89 crore in the same period last year. This growth was primarily driven by higher income.
The Enforcement Directorate (ED) has  questioned senior executives at Paytm and collected documents from them in response to the recent Reserve Bank of India (RBI) action, which barred Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account.
Understanding credit cards can feel overwhelming, especially with options like increasing your credit limit. If you're considering this option, using your card frequently and making full payments on time can often lead to automatic increases in your credit limit by your bank.

Hyundai Motor plans Rs 300 crore IPO to expand market share

Thursday 15 February 2024 07:30 AM UTC+00
Hyundai Motor's planned $3 billion IPO in India serves a dual purpose: expanding its presence in one of the world's fastest-growing markets and addressing the "Korea discount" that impacts its valuation in its home country.
Britain's economy slipped into a recession during the latter half of 2023, contracting by a more significant-than-anticipated 0.3 per cent in the three months leading up to December.
Juniper Hotels, a luxury hotel developer operating properties under the Hyatt chain in India, has announced its initial public offering (IPO) with a price band set at Rs 342-360 per share of face value Rs 10 each. The IPO, valued at Rs 1,800 crore, will be open for subscription from February 21 to 23.
Boeing, the US-based aerospace company, has appointed Nikhil Joshi as the managing director of Boeing Defence India (BDI) as part of its efforts to strengthen operations and accelerate growth in India's defence sector. Joshi, based in New Delhi, will oversee current and future programmes aimed at enhancing the mission readiness and modernization of India's defence forces.
Equity benchmark Sensex climbed over 225 points to reclaim the 72,000 mark while the Nifty settled close to the 22,000 level on Thursday on hectic buying in market heavyweights M&M, HDFC Bank and SBI, and positive global cues. Heavy demand for auto, energy and utility stocks also boosted the momentum as the market consolidated the gains, traders said.
The government on Thursday increased the windfall tax on domestically produced crude oil, raising it to Rs 3,300 per tonne from the previous Rs 3,200 per tonne, effective from February 16. Notably, this tax is imposed as a Special Additional Excise Duty (SAED). In addition, the SAED on diesel exports has also been raised to Rs 1.50 per litre from previously being nil.
New Delhi: The Directorate General of GST Intelligence (DGGI) summoned ten foreign airlines operating in India over alleged tax evasion on the import of services, according to Reuters quoting a report by CNBC-TV18. The agency sought clarification over payment of crew salaries and staff expenses at the offices of international airlines, according to sources.
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