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IndiaTV Business: Google News Feed: Digest for February 28, 2024

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New Delhi: GMR Airports Infrastructure Limited (GIL), a subsidiary of GMR Group, hosted Greece Prime Minister Kyriakos Mitsotakis at the Delhi Airport, during his current visit to India. Mitsotakis was welcomed by GMR Group Chairman GM Rao, GMR International Airports and Energy, Business Chairman, Srinivas Bommidala, GMR's Business Chairman, Transportation & Urban Infrastructure, BVN Rao, alongside other business leaders.

Odisha approves 27 new industrial projects worth Rs 6,134 crore

Saturday 24 February 2024 07:44 AM UTC+00
The Odisha government has approved 27 new industrial projects to the tune of Rs 6,134 crore across sectors, a senior official said on Saturday.
A day after investors of Byju's voted for a change in leadership, edtech firm's Raveendran penned a note to employees saying he continues to remain CEO and the management remains unchanged, as he dubbed Friday's EGM as a "farce". This comes a day after Byju's shareholders (prominent investors) on Friday voted for removing Founder-CEO Raveendran and his family from the board over alleged "mismanagement and failures", but the company dug in its heels, calling the voting done in absence of founders as invalid and ineffective.
Tata Motors Passenger Vehicles Managing Director Shailesh Chandra has predicted the growth of the domestic passenger vehicle industry to be less than 5 percent in the next fiscal. 
As March 2024 approaches, it's time to mark your calendars as banks across India are gearing up to remain closed for at least 14 days. These closures encompass a mix of public holidays, regional observances, and regular closures on second and fourth Saturdays, along with all Sundays. The scheduling of these holidays is overseen by the RBI and respective state governments.
India's poverty level has fallen below five per cent and people of the country are becoming more prosperous both in the rural and urban areas, NITI Aayog CEO BVR Subrahmanyam said on Sunday (February 26), according to the media reports. He signalled an improvement in the country's economic landscape and cited the latest consumer expenditure survey conducted by the National Sample Survey Office (NSSO). Notably, the report has been published after a gap of over a decade, according to which, the per capita monthly household expenditure increased more than the double in 2022-23 in comparison to 2011-12.
Reliance Industries and Reliance Foundation on Monday (February 26) announced the launch of a Vantara programme, focusing on the rescue, treatment, care and rehabilitation of injured, abused and threatened animals, both in India and abroad. Spread over 3000 acres within the Green Belt of Reliance's Jamnagar Refinery Complex in Gujarat, Vantara aims to be one of the leading contributors to conservation efforts globally.
In a major push to the 'Atmanirbhar Bharat' initiative in India's defence sector, two mega facilities to manufacture ammunition and missiles by Adani Defence & Aerospace, a part of the Adani Group, were inaugurated in Uttar Pradesh's Kanpur on Monday (February 26). The South Asia's largest ammunition manufacturing complex is aimed at providing significant impetus to the nation's self-reliance and technological advancement in defence. Chief Minister Yogi Adityanath, Chief of Army Staff General Manoj Pande inaugurated the facilities spread over 500 acres.

Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman

Monday 26 February 2024 02:54 PM UTC+00
Vijay Shekhar Sharma has stepped down as chairman of Paytm Payments Bank after the bank reconstituted the board.
Niranjan Hiranandani, co-founder and managing director of Mumbai-based real estate developer Hiranandani Group, has sought one week more time on health grounds from the Enforcement Directorate (ED) to appear before it for questioning in a foreign exchange violation case, sources said.

Odisha approves 27 new industrial projects worth Rs 6,134 crore

Saturday 24 February 2024 07:44 AM UTC+00
The Odisha government has approved 27 new industrial projects to the tune of Rs 6,134 crore across sectors, a senior official said on Saturday.
A day after investors of Byju's voted for a change in leadership, edtech firm's Raveendran penned a note to employees saying he continues to remain CEO and the management remains unchanged, as he dubbed Friday's EGM as a "farce". This comes a day after Byju's shareholders (prominent investors) on Friday voted for removing Founder-CEO Raveendran and his family from the board over alleged "mismanagement and failures", but the company dug in its heels, calling the voting done in absence of founders as invalid and ineffective.
Tata Motors Passenger Vehicles Managing Director Shailesh Chandra has predicted the growth of the domestic passenger vehicle industry to be less than 5 percent in the next fiscal. 
As March 2024 approaches, it's time to mark your calendars as banks across India are gearing up to remain closed for at least 14 days. These closures encompass a mix of public holidays, regional observances, and regular closures on second and fourth Saturdays, along with all Sundays. The scheduling of these holidays is overseen by the RBI and respective state governments.
India's poverty level has fallen below five per cent and people of the country are becoming more prosperous both in the rural and urban areas, NITI Aayog CEO BVR Subrahmanyam said on Sunday (February 26), according to the media reports. He signalled an improvement in the country's economic landscape and cited the latest consumer expenditure survey conducted by the National Sample Survey Office (NSSO). Notably, the report has been published after a gap of over a decade, according to which, the per capita monthly household expenditure increased more than the double in 2022-23 in comparison to 2011-12.
Reliance Industries and Reliance Foundation on Monday (February 26) announced the launch of a Vantara programme, focusing on the rescue, treatment, care and rehabilitation of injured, abused and threatened animals, both in India and abroad. Spread over 3000 acres within the Green Belt of Reliance's Jamnagar Refinery Complex in Gujarat, Vantara aims to be one of the leading contributors to conservation efforts globally.
In a major push to the 'Atmanirbhar Bharat' initiative in India's defence sector, two mega facilities to manufacture ammunition and missiles by Adani Defence & Aerospace, a part of the Adani Group, were inaugurated in Uttar Pradesh's Kanpur on Monday (February 26). The South Asia's largest ammunition manufacturing complex is aimed at providing significant impetus to the nation's self-reliance and technological advancement in defence. Chief Minister Yogi Adityanath, Chief of Army Staff General Manoj Pande inaugurated the facilities spread over 500 acres.

Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman

Monday 26 February 2024 02:54 PM UTC+00
Vijay Shekhar Sharma has stepped down as chairman of Paytm Payments Bank after the bank reconstituted the board.
Niranjan Hiranandani, co-founder and managing director of Mumbai-based real estate developer Hiranandani Group, has sought one week more time on health grounds from the Enforcement Directorate (ED) to appear before it for questioning in a foreign exchange violation case, sources said.
Equity markets commenced trading on Tuesday with a sluggish start, influenced by lacklustre global market trends and fresh foreign fund outflows. During early trade, the 30-share BSE Sensex dropped by 130 points to 72,660.13, while the Nifty recorded a decline of 36.4 points, settling at 22,085.65.

Odisha approves 27 new industrial projects worth Rs 6,134 crore

Saturday 24 February 2024 07:44 AM UTC+00
The Odisha government has approved 27 new industrial projects to the tune of Rs 6,134 crore across sectors, a senior official said on Saturday.
A day after investors of Byju's voted for a change in leadership, edtech firm's Raveendran penned a note to employees saying he continues to remain CEO and the management remains unchanged, as he dubbed Friday's EGM as a "farce". This comes a day after Byju's shareholders (prominent investors) on Friday voted for removing Founder-CEO Raveendran and his family from the board over alleged "mismanagement and failures", but the company dug in its heels, calling the voting done in absence of founders as invalid and ineffective.
Tata Motors Passenger Vehicles Managing Director Shailesh Chandra has predicted the growth of the domestic passenger vehicle industry to be less than 5 percent in the next fiscal. 
As March 2024 approaches, it's time to mark your calendars as banks across India are gearing up to remain closed for at least 14 days. These closures encompass a mix of public holidays, regional observances, and regular closures on second and fourth Saturdays, along with all Sundays. The scheduling of these holidays is overseen by the RBI and respective state governments.
India's poverty level has fallen below five per cent and people of the country are becoming more prosperous both in the rural and urban areas, NITI Aayog CEO BVR Subrahmanyam said on Sunday (February 26), according to the media reports. He signalled an improvement in the country's economic landscape and cited the latest consumer expenditure survey conducted by the National Sample Survey Office (NSSO). Notably, the report has been published after a gap of over a decade, according to which, the per capita monthly household expenditure increased more than the double in 2022-23 in comparison to 2011-12.
Reliance Industries and Reliance Foundation on Monday (February 26) announced the launch of a Vantara programme, focusing on the rescue, treatment, care and rehabilitation of injured, abused and threatened animals, both in India and abroad. Spread over 3000 acres within the Green Belt of Reliance's Jamnagar Refinery Complex in Gujarat, Vantara aims to be one of the leading contributors to conservation efforts globally.
In a major push to the 'Atmanirbhar Bharat' initiative in India's defence sector, two mega facilities to manufacture ammunition and missiles by Adani Defence & Aerospace, a part of the Adani Group, were inaugurated in Uttar Pradesh's Kanpur on Monday (February 26). The South Asia's largest ammunition manufacturing complex is aimed at providing significant impetus to the nation's self-reliance and technological advancement in defence. Chief Minister Yogi Adityanath, Chief of Army Staff General Manoj Pande inaugurated the facilities spread over 500 acres.

Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman

Monday 26 February 2024 02:54 PM UTC+00
Vijay Shekhar Sharma has stepped down as chairman of Paytm Payments Bank after the bank reconstituted the board.
Niranjan Hiranandani, co-founder and managing director of Mumbai-based real estate developer Hiranandani Group, has sought one week more time on health grounds from the Enforcement Directorate (ED) to appear before it for questioning in a foreign exchange violation case, sources said.
Equity markets commenced trading on Tuesday with a sluggish start, influenced by lacklustre global market trends and fresh foreign fund outflows. During early trade, the 30-share BSE Sensex dropped by 130 points to 72,660.13, while the Nifty recorded a decline of 36.4 points, settling at 22,085.65.

Odisha approves 27 new industrial projects worth Rs 6,134 crore

Saturday 24 February 2024 07:44 AM UTC+00
The Odisha government has approved 27 new industrial projects to the tune of Rs 6,134 crore across sectors, a senior official said on Saturday.
A day after investors of Byju's voted for a change in leadership, edtech firm's Raveendran penned a note to employees saying he continues to remain CEO and the management remains unchanged, as he dubbed Friday's EGM as a "farce". This comes a day after Byju's shareholders (prominent investors) on Friday voted for removing Founder-CEO Raveendran and his family from the board over alleged "mismanagement and failures", but the company dug in its heels, calling the voting done in absence of founders as invalid and ineffective.
Tata Motors Passenger Vehicles Managing Director Shailesh Chandra has predicted the growth of the domestic passenger vehicle industry to be less than 5 percent in the next fiscal. 
As March 2024 approaches, it's time to mark your calendars as banks across India are gearing up to remain closed for at least 14 days. These closures encompass a mix of public holidays, regional observances, and regular closures on second and fourth Saturdays, along with all Sundays. The scheduling of these holidays is overseen by the RBI and respective state governments.
India's poverty level has fallen below five per cent and people of the country are becoming more prosperous both in the rural and urban areas, NITI Aayog CEO BVR Subrahmanyam said on Sunday (February 26), according to the media reports. He signalled an improvement in the country's economic landscape and cited the latest consumer expenditure survey conducted by the National Sample Survey Office (NSSO). Notably, the report has been published after a gap of over a decade, according to which, the per capita monthly household expenditure increased more than the double in 2022-23 in comparison to 2011-12.
Reliance Industries and Reliance Foundation on Monday (February 26) announced the launch of a Vantara programme, focusing on the rescue, treatment, care and rehabilitation of injured, abused and threatened animals, both in India and abroad. Spread over 3000 acres within the Green Belt of Reliance's Jamnagar Refinery Complex in Gujarat, Vantara aims to be one of the leading contributors to conservation efforts globally.
In a major push to the 'Atmanirbhar Bharat' initiative in India's defence sector, two mega facilities to manufacture ammunition and missiles by Adani Defence & Aerospace, a part of the Adani Group, were inaugurated in Uttar Pradesh's Kanpur on Monday (February 26). The South Asia's largest ammunition manufacturing complex is aimed at providing significant impetus to the nation's self-reliance and technological advancement in defence. Chief Minister Yogi Adityanath, Chief of Army Staff General Manoj Pande inaugurated the facilities spread over 500 acres.

Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman

Monday 26 February 2024 02:54 PM UTC+00
Vijay Shekhar Sharma has stepped down as chairman of Paytm Payments Bank after the bank reconstituted the board.
Niranjan Hiranandani, co-founder and managing director of Mumbai-based real estate developer Hiranandani Group, has sought one week more time on health grounds from the Enforcement Directorate (ED) to appear before it for questioning in a foreign exchange violation case, sources said.
Equity markets commenced trading on Tuesday with a sluggish start, influenced by lacklustre global market trends and fresh foreign fund outflows. During early trade, the 30-share BSE Sensex dropped by 130 points to 72,660.13, while the Nifty recorded a decline of 36.4 points, settling at 22,085.65.
A day after investors of Byju's voted for a change in leadership, edtech firm's Raveendran penned a note to employees saying he continues to remain CEO and the management remains unchanged, as he dubbed Friday's EGM as a "farce". This comes a day after Byju's shareholders (prominent investors) on Friday voted for removing Founder-CEO Raveendran and his family from the board over alleged "mismanagement and failures", but the company dug in its heels, calling the voting done in absence of founders as invalid and ineffective.
Tata Motors Passenger Vehicles Managing Director Shailesh Chandra has predicted the growth of the domestic passenger vehicle industry to be less than 5 percent in the next fiscal. 
As March 2024 approaches, it's time to mark your calendars as banks across India are gearing up to remain closed for at least 14 days. These closures encompass a mix of public holidays, regional observances, and regular closures on second and fourth Saturdays, along with all Sundays. The scheduling of these holidays is overseen by the RBI and respective state governments.
India's poverty level has fallen below five per cent and people of the country are becoming more prosperous both in the rural and urban areas, NITI Aayog CEO BVR Subrahmanyam said on Sunday (February 26), according to the media reports. He signalled an improvement in the country's economic landscape and cited the latest consumer expenditure survey conducted by the National Sample Survey Office (NSSO). Notably, the report has been published after a gap of over a decade, according to which, the per capita monthly household expenditure increased more than the double in 2022-23 in comparison to 2011-12.
Reliance Industries and Reliance Foundation on Monday (February 26) announced the launch of a Vantara programme, focusing on the rescue, treatment, care and rehabilitation of injured, abused and threatened animals, both in India and abroad. Spread over 3000 acres within the Green Belt of Reliance's Jamnagar Refinery Complex in Gujarat, Vantara aims to be one of the leading contributors to conservation efforts globally.
In a major push to the 'Atmanirbhar Bharat' initiative in India's defence sector, two mega facilities to manufacture ammunition and missiles by Adani Defence & Aerospace, a part of the Adani Group, were inaugurated in Uttar Pradesh's Kanpur on Monday (February 26). The South Asia's largest ammunition manufacturing complex is aimed at providing significant impetus to the nation's self-reliance and technological advancement in defence. Chief Minister Yogi Adityanath, Chief of Army Staff General Manoj Pande inaugurated the facilities spread over 500 acres.

Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman

Monday 26 February 2024 02:54 PM UTC+00
Vijay Shekhar Sharma has stepped down as chairman of Paytm Payments Bank after the bank reconstituted the board.
Niranjan Hiranandani, co-founder and managing director of Mumbai-based real estate developer Hiranandani Group, has sought one week more time on health grounds from the Enforcement Directorate (ED) to appear before it for questioning in a foreign exchange violation case, sources said.
Equity markets commenced trading on Tuesday with a sluggish start, influenced by lacklustre global market trends and fresh foreign fund outflows. During early trade, the 30-share BSE Sensex dropped by 130 points to 72,660.13, while the Nifty recorded a decline of 36.4 points, settling at 22,085.65.
Paytm business news: Shares of One97 Communications Limited, the owner of the Paytm brand, ended marginally lower today (February 27) after hitting the highest trading permissible limit for the day in intra-day trade. The stock climbed 4.98 per cent to Rs 449.30- its upper circuit limit- on the BSE early in the day even after a muted opening to the trade. Shares of the fintech firm exhibited highly volatile trends falling to the day's low of Rs 413.55. It finally ended at Rs 427.50, marginally lower by 0.11 per cent.
A day after investors of Byju's voted for a change in leadership, edtech firm's Raveendran penned a note to employees saying he continues to remain CEO and the management remains unchanged, as he dubbed Friday's EGM as a "farce". This comes a day after Byju's shareholders (prominent investors) on Friday voted for removing Founder-CEO Raveendran and his family from the board over alleged "mismanagement and failures", but the company dug in its heels, calling the voting done in absence of founders as invalid and ineffective.
Tata Motors Passenger Vehicles Managing Director Shailesh Chandra has predicted the growth of the domestic passenger vehicle industry to be less than 5 percent in the next fiscal. 
As March 2024 approaches, it's time to mark your calendars as banks across India are gearing up to remain closed for at least 14 days. These closures encompass a mix of public holidays, regional observances, and regular closures on second and fourth Saturdays, along with all Sundays. The scheduling of these holidays is overseen by the RBI and respective state governments.
India's poverty level has fallen below five per cent and people of the country are becoming more prosperous both in the rural and urban areas, NITI Aayog CEO BVR Subrahmanyam said on Sunday (February 26), according to the media reports. He signalled an improvement in the country's economic landscape and cited the latest consumer expenditure survey conducted by the National Sample Survey Office (NSSO). Notably, the report has been published after a gap of over a decade, according to which, the per capita monthly household expenditure increased more than the double in 2022-23 in comparison to 2011-12.
Reliance Industries and Reliance Foundation on Monday (February 26) announced the launch of a Vantara programme, focusing on the rescue, treatment, care and rehabilitation of injured, abused and threatened animals, both in India and abroad. Spread over 3000 acres within the Green Belt of Reliance's Jamnagar Refinery Complex in Gujarat, Vantara aims to be one of the leading contributors to conservation efforts globally.
In a major push to the 'Atmanirbhar Bharat' initiative in India's defence sector, two mega facilities to manufacture ammunition and missiles by Adani Defence & Aerospace, a part of the Adani Group, were inaugurated in Uttar Pradesh's Kanpur on Monday (February 26). The South Asia's largest ammunition manufacturing complex is aimed at providing significant impetus to the nation's self-reliance and technological advancement in defence. Chief Minister Yogi Adityanath, Chief of Army Staff General Manoj Pande inaugurated the facilities spread over 500 acres.

Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman

Monday 26 February 2024 02:54 PM UTC+00
Vijay Shekhar Sharma has stepped down as chairman of Paytm Payments Bank after the bank reconstituted the board.
Niranjan Hiranandani, co-founder and managing director of Mumbai-based real estate developer Hiranandani Group, has sought one week more time on health grounds from the Enforcement Directorate (ED) to appear before it for questioning in a foreign exchange violation case, sources said.
Equity markets commenced trading on Tuesday with a sluggish start, influenced by lacklustre global market trends and fresh foreign fund outflows. During early trade, the 30-share BSE Sensex dropped by 130 points to 72,660.13, while the Nifty recorded a decline of 36.4 points, settling at 22,085.65.
Paytm business news: Shares of One97 Communications Limited, the owner of the Paytm brand, ended marginally lower today (February 27) after hitting the highest trading permissible limit for the day in intra-day trade. The stock climbed 4.98 per cent to Rs 449.30- its upper circuit limit- on the BSE early in the day even after a muted opening to the trade. Shares of the fintech firm exhibited highly volatile trends falling to the day's low of Rs 413.55. It finally ended at Rs 427.50, marginally lower by 0.11 per cent.
A day after investors of Byju's voted for a change in leadership, edtech firm's Raveendran penned a note to employees saying he continues to remain CEO and the management remains unchanged, as he dubbed Friday's EGM as a "farce". This comes a day after Byju's shareholders (prominent investors) on Friday voted for removing Founder-CEO Raveendran and his family from the board over alleged "mismanagement and failures", but the company dug in its heels, calling the voting done in absence of founders as invalid and ineffective.
Tata Motors Passenger Vehicles Managing Director Shailesh Chandra has predicted the growth of the domestic passenger vehicle industry to be less than 5 percent in the next fiscal. 
As March 2024 approaches, it's time to mark your calendars as banks across India are gearing up to remain closed for at least 14 days. These closures encompass a mix of public holidays, regional observances, and regular closures on second and fourth Saturdays, along with all Sundays. The scheduling of these holidays is overseen by the RBI and respective state governments.
India's poverty level has fallen below five per cent and people of the country are becoming more prosperous both in the rural and urban areas, NITI Aayog CEO BVR Subrahmanyam said on Sunday (February 26), according to the media reports. He signalled an improvement in the country's economic landscape and cited the latest consumer expenditure survey conducted by the National Sample Survey Office (NSSO). Notably, the report has been published after a gap of over a decade, according to which, the per capita monthly household expenditure increased more than the double in 2022-23 in comparison to 2011-12.
Reliance Industries and Reliance Foundation on Monday (February 26) announced the launch of a Vantara programme, focusing on the rescue, treatment, care and rehabilitation of injured, abused and threatened animals, both in India and abroad. Spread over 3000 acres within the Green Belt of Reliance's Jamnagar Refinery Complex in Gujarat, Vantara aims to be one of the leading contributors to conservation efforts globally.
In a major push to the 'Atmanirbhar Bharat' initiative in India's defence sector, two mega facilities to manufacture ammunition and missiles by Adani Defence & Aerospace, a part of the Adani Group, were inaugurated in Uttar Pradesh's Kanpur on Monday (February 26). The South Asia's largest ammunition manufacturing complex is aimed at providing significant impetus to the nation's self-reliance and technological advancement in defence. Chief Minister Yogi Adityanath, Chief of Army Staff General Manoj Pande inaugurated the facilities spread over 500 acres.

Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman

Monday 26 February 2024 02:54 PM UTC+00
Vijay Shekhar Sharma has stepped down as chairman of Paytm Payments Bank after the bank reconstituted the board.
Niranjan Hiranandani, co-founder and managing director of Mumbai-based real estate developer Hiranandani Group, has sought one week more time on health grounds from the Enforcement Directorate (ED) to appear before it for questioning in a foreign exchange violation case, sources said.
Equity markets commenced trading on Tuesday with a sluggish start, influenced by lacklustre global market trends and fresh foreign fund outflows. During early trade, the 30-share BSE Sensex dropped by 130 points to 72,660.13, while the Nifty recorded a decline of 36.4 points, settling at 22,085.65.
Paytm business news: Shares of One97 Communications Limited, the owner of the Paytm brand, ended marginally lower today (February 27) after hitting the highest trading permissible limit for the day in intra-day trade. The stock climbed 4.98 per cent to Rs 449.30- its upper circuit limit- on the BSE early in the day even after a muted opening to the trade. Shares of the fintech firm exhibited highly volatile trends falling to the day's low of Rs 413.55. It finally ended at Rs 427.50, marginally lower by 0.11 per cent.
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