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IndiaTV Business: Google News Feed: Digest for February 10, 2024

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The equity markets experienced a sharp decline in late morning trade on Thursday, driven by bank stocks, following the Reserve Bank of India's monetary policy decision. The 30-share BSE Sensex plummeted by 746.62 points to 71,405.38, while the Nifty dropped 220.95 points to 21,709.55.
Action against Paytm was for "persisted non-compliance," and adequate time was given for corrective actions, says RBI Deputy Governor Swaminathan J.
Provision of Rs 1,000 crore to establish and upgrade schools, colleges, hospitals, and administrative buildings in assembly constituencies and recruitment to fill 70,000 posts were among the key announcements by Rajasthan Finance Minister Diya Kumari, who announced the state's interim budget on Thursday.
Shares of YES Bank rallied 9.70 per cent to a 52-week high of Rs 32.70  on reports of the State Bank of India (SBI) offloading its entire stake.
Union Finance Minister Nirmala Sitharaman on Thursday presented the National Democratic Alliance (NDA) white paper on the economic mismanagement of the economy during the tenure of the Congress-led United Progressive Alliance (UPA) government from 2004-2014. The Centre in its white paper said that the economy was in crisis in 2014. The NDA government armed with political and policy stability, took tough decisions for greater economic good, unlike its predecessor UPA. The Modi government in the document said that a white paper then would have set negative narrative, shaken confidence of investors.

LIC profit rises 49 per cent to Rs 9,444 crore in third quarter

Thursday 08 February 2024 01:00 PM UTC+00
LIC profit rises: State-owned insurer LIC today (February 8) reported a 49 per cent jump in net profit at Rs 9,444 crore for the third quarter ended December 2023. The country's biggest insurer had a net profit of Rs 6,334 crore in the year-ago period, according to a regulatory filing.
The Modi government on Thursday tabled the white paper on the economic mismanagement done during the 10-year rule of the Congress-led United Progressive Alliance government saying that it when the National Democratic Alliance (NDA) took over from the UPA in 2014, the economy was on a road to nowhere. The BJP government said that there was policy paralysis during the UPA's era, no decision making, no focus on infrastrucutre building as it should have been, worse management of 2008 Global Financial Crisis, scams, the banking sector was in crisis and overall the then government failed to take forward a healthy economy.

Parliament approves interim Budget 2024-25

Thursday 08 February 2024 04:26 PM UTC+00
Parliament today (February 8) completed the exercise of passing the interim Budget for 2024-25, with Rajya Sabha returning the Finance Bill 2024 and the relevant appropriation bills. The Upper House also returned the appropriation bills related to the Union Territory of Jammu and Kashmir.
New Delhi: Paytm Payments Bank independent director Manju Agarwal has reportedly resigned from the board following an RBI order that imposed restrictions on the bank's operations. According to a source, Agarwal resigned with effect from February 1.
Paytm Payments Bank's independent director, Manju Agarwal, resigned from the board after an RBI order imposed restrictions on the bank's operations.
Shares of YES Bank rallied 9.70 per cent to a 52-week high of Rs 32.70  on reports of the State Bank of India (SBI) offloading its entire stake.
Union Finance Minister Nirmala Sitharaman on Thursday presented the National Democratic Alliance (NDA) white paper on the economic mismanagement of the economy during the tenure of the Congress-led United Progressive Alliance (UPA) government from 2004-2014. The Centre in its white paper said that the economy was in crisis in 2014. The NDA government armed with political and policy stability, took tough decisions for greater economic good, unlike its predecessor UPA. The Modi government in the document said that a white paper then would have set negative narrative, shaken confidence of investors.

LIC profit rises 49 per cent to Rs 9,444 crore in third quarter

Thursday 08 February 2024 01:00 PM UTC+00
LIC profit rises: State-owned insurer LIC today (February 8) reported a 49 per cent jump in net profit at Rs 9,444 crore for the third quarter ended December 2023. The country's biggest insurer had a net profit of Rs 6,334 crore in the year-ago period, according to a regulatory filing.
The Modi government on Thursday tabled the white paper on the economic mismanagement done during the 10-year rule of the Congress-led United Progressive Alliance government saying that it when the National Democratic Alliance (NDA) took over from the UPA in 2014, the economy was on a road to nowhere. The BJP government said that there was policy paralysis during the UPA's era, no decision making, no focus on infrastrucutre building as it should have been, worse management of 2008 Global Financial Crisis, scams, the banking sector was in crisis and overall the then government failed to take forward a healthy economy.

Parliament approves interim Budget 2024-25

Thursday 08 February 2024 04:26 PM UTC+00
Parliament today (February 8) completed the exercise of passing the interim Budget for 2024-25, with Rajya Sabha returning the Finance Bill 2024 and the relevant appropriation bills. The Upper House also returned the appropriation bills related to the Union Territory of Jammu and Kashmir.
New Delhi: Paytm Payments Bank independent director Manju Agarwal has reportedly resigned from the board following an RBI order that imposed restrictions on the bank's operations. According to a source, Agarwal resigned with effect from February 1.
Paytm Payments Bank's independent director, Manju Agarwal, resigned from the board after an RBI order imposed restrictions on the bank's operations.
The Union Cabinet on Thursday approved auctions in eight spectrum bands for mobile phone services at a base price of Rs 96,317.65 crore, said information and broadcasting minister Anurag Thakur.
The BSE Sensex climbed 122.61 points to 71,551.04 in early trade on Friday, while the Nifty rose by 45.45 points to 21,763.40.
Shares of Life Insurance Corporation of India (LIC) rose by over 6.30 per cent to a 52-week high after the company reported a 49 per cent surge in net profit for the quarter ending December. The stock has surged over 11 per cent in the last four trading sessions. 

Parliament approves interim Budget 2024-25

Thursday 08 February 2024 04:26 PM UTC+00
Parliament today (February 8) completed the exercise of passing the interim Budget for 2024-25, with Rajya Sabha returning the Finance Bill 2024 and the relevant appropriation bills. The Upper House also returned the appropriation bills related to the Union Territory of Jammu and Kashmir.
New Delhi: Paytm Payments Bank independent director Manju Agarwal has reportedly resigned from the board following an RBI order that imposed restrictions on the bank's operations. According to a source, Agarwal resigned with effect from February 1.
Paytm Payments Bank's independent director, Manju Agarwal, resigned from the board after an RBI order imposed restrictions on the bank's operations.
The Union Cabinet on Thursday approved auctions in eight spectrum bands for mobile phone services at a base price of Rs 96,317.65 crore, said information and broadcasting minister Anurag Thakur.
Equity benchmark indices staged a rebound during early trade on Friday, supported by gains in heavyweight stocks such as Reliance Industries, Tata Consultancy Services, and ICICI Bank, alongside a broadly positive trend in Asian markets.
Shares of Life Insurance Corporation of India (LIC) rose by over 6.30 per cent to a 52-week high after the company reported a 49 per cent surge in net profit for the quarter ending December. The stock has surged over 11 per cent in the last four trading sessions. 
A parliamentary panel has proposed the implementation of route-specific capping of airfares and the establishment of a distinct regulatory entity to oversee ticket pricing, aiming to address concerns over escalating fares in the aviation sector.
Shares of online food delivery firm Zomato Ltd surged over 5 per cent on Friday following the company's announcement of a consolidated net profit of Rs 138 crore for the third quarter ended December 31, 2023.
Personal loans are invaluable in emergencies, offering crucial financial assistance. They have become readily available for individuals facing sudden monetary needs.
Market regulator Sebi has issued an interim order directing several guest experts who appeared on a media channel to pay up to Rs 7.41 crore, deemed an "unlawful gain" that they acquired by taking positions opposite to the ones they advised on air.
New Delhi: Paytm Payments Bank independent director Manju Agarwal has reportedly resigned from the board following an RBI order that imposed restrictions on the bank's operations. According to a source, Agarwal resigned with effect from February 1.
Paytm Payments Bank's independent director, Manju Agarwal, resigned from the board after an RBI order imposed restrictions on the bank's operations.
The Union Cabinet on Thursday approved auctions in eight spectrum bands for mobile phone services at a base price of Rs 96,317.65 crore, said information and broadcasting minister Anurag Thakur.
Equity benchmark indices staged a rebound during early trade on Friday, supported by gains in heavyweight stocks such as Reliance Industries, Tata Consultancy Services, and ICICI Bank, alongside a broadly positive trend in Asian markets.
Shares of Life Insurance Corporation of India (LIC) rose by over 6.30 per cent to a 52-week high after the company reported a 49 per cent surge in net profit for the quarter ending December. The stock has surged over 11 per cent in the last four trading sessions. 
A parliamentary panel has proposed the implementation of route-specific capping of airfares and the establishment of a distinct regulatory entity to oversee ticket pricing, aiming to address concerns over escalating fares in the aviation sector.
Shares of online food delivery firm Zomato Ltd surged over 5 per cent on Friday following the company's announcement of a consolidated net profit of Rs 138 crore for the third quarter ended December 31, 2023.
Personal loans are invaluable in emergencies, offering crucial financial assistance. They have become readily available for individuals facing sudden monetary needs.
Market regulator Sebi has issued an interim order directing several guest experts who appeared on a media channel to pay up to Rs 7.41 crore, deemed an "unlawful gain" that they acquired by taking positions opposite to the ones they advised on air.
Benchmark Sensex rebounded by 167 points in a volatile trade on Friday amid buying in ICICI Bank, State Bank of India and Reliance Industries. The 30-share BSE Sensex climbed 167.06 points or 0.23 per cent to settle at 71,595.49. During the day, it hit a high of 71,676.49 and a low of 71,200.31.
Paytm Payments Bank's independent director, Manju Agarwal, resigned from the board after an RBI order imposed restrictions on the bank's operations.
The Union Cabinet on Thursday approved auctions in eight spectrum bands for mobile phone services at a base price of Rs 96,317.65 crore, said information and broadcasting minister Anurag Thakur.
Equity benchmark indices staged a rebound during early trade on Friday, supported by gains in heavyweight stocks such as Reliance Industries, Tata Consultancy Services, and ICICI Bank, alongside a broadly positive trend in Asian markets.
Shares of Life Insurance Corporation of India (LIC) rose by over 6.30 per cent to a 52-week high after the company reported a 49 per cent surge in net profit for the quarter ending December. The stock has surged over 11 per cent in the last four trading sessions. 
A parliamentary panel has proposed the implementation of route-specific capping of airfares and the establishment of a distinct regulatory entity to oversee ticket pricing, aiming to address concerns over escalating fares in the aviation sector.
Shares of online food delivery firm Zomato Ltd surged over 5 per cent on Friday following the company's announcement of a consolidated net profit of Rs 138 crore for the third quarter ended December 31, 2023.
Personal loans are invaluable in emergencies, offering crucial financial assistance. They have become readily available for individuals facing sudden monetary needs.
Market regulator Sebi has issued an interim order directing several guest experts who appeared on a media channel to pay up to Rs 7.41 crore, deemed an "unlawful gain" that they acquired by taking positions opposite to the ones they advised on air.
Benchmark Sensex rebounded by 167 points in a volatile trade on Friday amid buying in ICICI Bank, State Bank of India and Reliance Industries. The 30-share BSE Sensex climbed 167.06 points or 0.23 per cent to settle at 71,595.49. During the day, it hit a high of 71,676.49 and a low of 71,200.31.
Amidst mounting challenges, Paytm Payments Bank finds itself embroiled in yet another setback as the Employees' Provident Fund Organization (EPFO) has issued a directive instructing its officers to exercise caution when handling claims linked to the Paytm subsidiary.
Paytm Payments Bank's independent director, Manju Agarwal, resigned from the board after an RBI order imposed restrictions on the bank's operations.
The Union Cabinet on Thursday approved auctions in eight spectrum bands for mobile phone services at a base price of Rs 96,317.65 crore, said information and broadcasting minister Anurag Thakur.
Equity benchmark indices staged a rebound during early trade on Friday, supported by gains in heavyweight stocks such as Reliance Industries, Tata Consultancy Services, and ICICI Bank, alongside a broadly positive trend in Asian markets.
Shares of Life Insurance Corporation of India (LIC) rose by over 6.30 per cent to a 52-week high after the company reported a 49 per cent surge in net profit for the quarter ending December. The stock has surged over 11 per cent in the last four trading sessions. 
A parliamentary panel has proposed the implementation of route-specific capping of airfares and the establishment of a distinct regulatory entity to oversee ticket pricing, aiming to address concerns over escalating fares in the aviation sector.
Shares of online food delivery firm Zomato Ltd surged over 5 per cent on Friday following the company's announcement of a consolidated net profit of Rs 138 crore for the third quarter ended December 31, 2023.
Personal loans are invaluable in emergencies, offering crucial financial assistance. They have become readily available for individuals facing sudden monetary needs.
Market regulator Sebi has issued an interim order directing several guest experts who appeared on a media channel to pay up to Rs 7.41 crore, deemed an "unlawful gain" that they acquired by taking positions opposite to the ones they advised on air.
Benchmark Sensex rebounded by 167 points in a volatile trade on Friday amid buying in ICICI Bank, State Bank of India and Reliance Industries. The 30-share BSE Sensex climbed 167.06 points or 0.23 per cent to settle at 71,595.49. During the day, it hit a high of 71,676.49 and a low of 71,200.31.
Amidst mounting challenges, Paytm Payments Bank finds itself embroiled in yet another setback as the Employees' Provident Fund Organization (EPFO) has issued a directive instructing its officers to exercise caution when handling claims linked to the Paytm subsidiary.
Paytm Payments Bank's independent director, Manju Agarwal, resigned from the board after an RBI order imposed restrictions on the bank's operations.
The Union Cabinet on Thursday approved auctions in eight spectrum bands for mobile phone services at a base price of Rs 96,317.65 crore, said information and broadcasting minister Anurag Thakur.
Equity benchmark indices staged a rebound during early trade on Friday, supported by gains in heavyweight stocks such as Reliance Industries, Tata Consultancy Services, and ICICI Bank, alongside a broadly positive trend in Asian markets.
Shares of Life Insurance Corporation of India (LIC) rose by over 6.30 per cent to a 52-week high after the company reported a 49 per cent surge in net profit for the quarter ending December. The stock has surged over 11 per cent in the last four trading sessions. 
A parliamentary panel has proposed the implementation of route-specific capping of airfares and the establishment of a distinct regulatory entity to oversee ticket pricing, aiming to address concerns over escalating fares in the aviation sector.
Shares of online food delivery firm Zomato Ltd surged over 5 per cent on Friday following the company's announcement of a consolidated net profit of Rs 138 crore for the third quarter ended December 31, 2023.
Personal loans are invaluable in emergencies, offering crucial financial assistance. They have become readily available for individuals facing sudden monetary needs.
Market regulator Sebi has issued an interim order directing several guest experts who appeared on a media channel to pay up to Rs 7.41 crore, deemed an "unlawful gain" that they acquired by taking positions opposite to the ones they advised on air.
Benchmark Sensex rebounded by 167 points in a volatile trade on Friday amid buying in ICICI Bank, State Bank of India and Reliance Industries. The 30-share BSE Sensex climbed 167.06 points or 0.23 per cent to settle at 71,595.49. During the day, it hit a high of 71,676.49 and a low of 71,200.31.
Amidst mounting challenges, Paytm Payments Bank finds itself embroiled in yet another setback as the Employees' Provident Fund Organization (EPFO) has issued a directive instructing its officers to exercise caution when handling claims linked to the Paytm subsidiary.
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