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IndiaTV Business: Google News Feed: Digest for March 18, 2024

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In a dramatic turn of events, the Indian stock market witnessed a significant plunge on Wednesday, with the Sensex plummeting by 906 points and the Nifty dipping below the crucial 22,000 mark. The sharp decline in the indices resulted in investors suffering losses amounting to a staggering Rs 21 trillion over just three days.
The Hyderabad data centre of AdaniConneX – the joint venture between the Adani Group, India's largest private infrastructure and energy provider, and EdgeConneX, one of the world's largest private data centre operators – has received a Five-Star grade in the Occupational Health and Safety Audit conducted by the British Safety Council. This global recognition makes AdaniConneX's Hyderabad site the first data centre in India to receive such an honour and demonstrates its commitment to the continual improvement of health and safety management systems and associated arrangements.
Stock markets update: For the second consecutive day, equity benchmark indices declined in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 264.7 points to 72,497.19. Meanwhile, the Nifty declined 80.2 points to 21,917.50. 
In a significant turnaround, the Indian stock market witnessed a notable rebound on Thursday, with the benchmark Sensex climbing 335 points and the Nifty breaching the 22,100 level. The recovery was primarily driven by increased buying activity in IT and metal shares, marking a resurgence after the previous day's sharp declines.
A report published by the 2023 Global Risk Management Survey showed that cyber attacks and data breaches are the top business risks for organisations in India.  
Paytm, the leading digital payments platform in India, has been granted a third-party application provider license by the country's payments authority. This development comes as Paytm's banking unit faces regulatory action, compelling the company to explore alternative avenues to continue its operations.
Paytm Fastag: The Paytm Payments Bank (PPBL) is barred from accepting new clients and services such as deposits, credit transactions, and FASTag recharges from March 15 will stop, in line with the guidelines issued by the Reserve Bank of India (RBI). With this, the Paytm FASTags users will also not be able to recharge or top-up the balance post-March 15. However, as per the RBI, existing FASTags can still be used for toll payments until the available balance is utilized.
Stock markets: Equity benchmark indices declined in early trade on Friday amid weak global market trends and foreign fund outflows. The 30-share BSE Sensex declined 314.56 points to 72,782.72 after a weak beginning. The NSE Nifty dropped 101.65 points to 22,045.
Advance tax payment: The deadline to pay the fourth installment of advance tax is March 15. Failing to do so may result in substantial penalties, so it's advisable to settle the payment today if you haven't already. Advance tax is not paid at the end of the year but in installments throughout the year. Individuals whose tax liability exceeds Rs 10,000 are required to pay advance tax in installments as per the schedule set by the Income Tax Department.
Business news: Regulator Securities and Exchange Board of India (SEBI) on Friday (March 15) approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market. Also, the board of Securities and Exchange Board of India (Sebi) gave its nod for a uniform approach for verification of market rumours by entities that have listed their equities.
In a dramatic turn of events, the Indian stock market witnessed a significant plunge on Wednesday, with the Sensex plummeting by 906 points and the Nifty dipping below the crucial 22,000 mark. The sharp decline in the indices resulted in investors suffering losses amounting to a staggering Rs 21 trillion over just three days.
The Hyderabad data centre of AdaniConneX – the joint venture between the Adani Group, India's largest private infrastructure and energy provider, and EdgeConneX, one of the world's largest private data centre operators – has received a Five-Star grade in the Occupational Health and Safety Audit conducted by the British Safety Council. This global recognition makes AdaniConneX's Hyderabad site the first data centre in India to receive such an honour and demonstrates its commitment to the continual improvement of health and safety management systems and associated arrangements.
Stock markets update: For the second consecutive day, equity benchmark indices declined in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 264.7 points to 72,497.19. Meanwhile, the Nifty declined 80.2 points to 21,917.50. 
In a significant turnaround, the Indian stock market witnessed a notable rebound on Thursday, with the benchmark Sensex climbing 335 points and the Nifty breaching the 22,100 level. The recovery was primarily driven by increased buying activity in IT and metal shares, marking a resurgence after the previous day's sharp declines.
A report published by the 2023 Global Risk Management Survey showed that cyber attacks and data breaches are the top business risks for organisations in India.  
Paytm, the leading digital payments platform in India, has been granted a third-party application provider license by the country's payments authority. This development comes as Paytm's banking unit faces regulatory action, compelling the company to explore alternative avenues to continue its operations.
Paytm Fastag: The Paytm Payments Bank (PPBL) is barred from accepting new clients and services such as deposits, credit transactions, and FASTag recharges from March 15 will stop, in line with the guidelines issued by the Reserve Bank of India (RBI). With this, the Paytm FASTags users will also not be able to recharge or top-up the balance post-March 15. However, as per the RBI, existing FASTags can still be used for toll payments until the available balance is utilized.
Stock markets: Equity benchmark indices declined in early trade on Friday amid weak global market trends and foreign fund outflows. The 30-share BSE Sensex declined 314.56 points to 72,782.72 after a weak beginning. The NSE Nifty dropped 101.65 points to 22,045.
Advance tax payment: The deadline to pay the fourth installment of advance tax is March 15. Failing to do so may result in substantial penalties, so it's advisable to settle the payment today if you haven't already. Advance tax is not paid at the end of the year but in installments throughout the year. Individuals whose tax liability exceeds Rs 10,000 are required to pay advance tax in installments as per the schedule set by the Income Tax Department.
Business news: Regulator Securities and Exchange Board of India (SEBI) on Friday (March 15) approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market. Also, the board of Securities and Exchange Board of India (Sebi) gave its nod for a uniform approach for verification of market rumours by entities that have listed their equities.
In a dramatic turn of events, the Indian stock market witnessed a significant plunge on Wednesday, with the Sensex plummeting by 906 points and the Nifty dipping below the crucial 22,000 mark. The sharp decline in the indices resulted in investors suffering losses amounting to a staggering Rs 21 trillion over just three days.
The Hyderabad data centre of AdaniConneX – the joint venture between the Adani Group, India's largest private infrastructure and energy provider, and EdgeConneX, one of the world's largest private data centre operators – has received a Five-Star grade in the Occupational Health and Safety Audit conducted by the British Safety Council. This global recognition makes AdaniConneX's Hyderabad site the first data centre in India to receive such an honour and demonstrates its commitment to the continual improvement of health and safety management systems and associated arrangements.
Stock markets update: For the second consecutive day, equity benchmark indices declined in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 264.7 points to 72,497.19. Meanwhile, the Nifty declined 80.2 points to 21,917.50. 
In a significant turnaround, the Indian stock market witnessed a notable rebound on Thursday, with the benchmark Sensex climbing 335 points and the Nifty breaching the 22,100 level. The recovery was primarily driven by increased buying activity in IT and metal shares, marking a resurgence after the previous day's sharp declines.
A report published by the 2023 Global Risk Management Survey showed that cyber attacks and data breaches are the top business risks for organisations in India.  
Paytm, the leading digital payments platform in India, has been granted a third-party application provider license by the country's payments authority. This development comes as Paytm's banking unit faces regulatory action, compelling the company to explore alternative avenues to continue its operations.
Paytm Fastag: The Paytm Payments Bank (PPBL) is barred from accepting new clients and services such as deposits, credit transactions, and FASTag recharges from March 15 will stop, in line with the guidelines issued by the Reserve Bank of India (RBI). With this, the Paytm FASTags users will also not be able to recharge or top-up the balance post-March 15. However, as per the RBI, existing FASTags can still be used for toll payments until the available balance is utilized.
Stock markets: Equity benchmark indices declined in early trade on Friday amid weak global market trends and foreign fund outflows. The 30-share BSE Sensex declined 314.56 points to 72,782.72 after a weak beginning. The NSE Nifty dropped 101.65 points to 22,045.
Advance tax payment: The deadline to pay the fourth installment of advance tax is March 15. Failing to do so may result in substantial penalties, so it's advisable to settle the payment today if you haven't already. Advance tax is not paid at the end of the year but in installments throughout the year. Individuals whose tax liability exceeds Rs 10,000 are required to pay advance tax in installments as per the schedule set by the Income Tax Department.
Business news: Regulator Securities and Exchange Board of India (SEBI) on Friday (March 15) approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market. Also, the board of Securities and Exchange Board of India (Sebi) gave its nod for a uniform approach for verification of market rumours by entities that have listed their equities.
The Hyderabad data centre of AdaniConneX – the joint venture between the Adani Group, India's largest private infrastructure and energy provider, and EdgeConneX, one of the world's largest private data centre operators – has received a Five-Star grade in the Occupational Health and Safety Audit conducted by the British Safety Council. This global recognition makes AdaniConneX's Hyderabad site the first data centre in India to receive such an honour and demonstrates its commitment to the continual improvement of health and safety management systems and associated arrangements.
Stock markets update: For the second consecutive day, equity benchmark indices declined in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 264.7 points to 72,497.19. Meanwhile, the Nifty declined 80.2 points to 21,917.50. 
In a significant turnaround, the Indian stock market witnessed a notable rebound on Thursday, with the benchmark Sensex climbing 335 points and the Nifty breaching the 22,100 level. The recovery was primarily driven by increased buying activity in IT and metal shares, marking a resurgence after the previous day's sharp declines.
A report published by the 2023 Global Risk Management Survey showed that cyber attacks and data breaches are the top business risks for organisations in India.  
Paytm, the leading digital payments platform in India, has been granted a third-party application provider license by the country's payments authority. This development comes as Paytm's banking unit faces regulatory action, compelling the company to explore alternative avenues to continue its operations.
Paytm Fastag: The Paytm Payments Bank (PPBL) is barred from accepting new clients and services such as deposits, credit transactions, and FASTag recharges from March 15 will stop, in line with the guidelines issued by the Reserve Bank of India (RBI). With this, the Paytm FASTags users will also not be able to recharge or top-up the balance post-March 15. However, as per the RBI, existing FASTags can still be used for toll payments until the available balance is utilized.
Stock markets: Equity benchmark indices declined in early trade on Friday amid weak global market trends and foreign fund outflows. The 30-share BSE Sensex declined 314.56 points to 72,782.72 after a weak beginning. The NSE Nifty dropped 101.65 points to 22,045.
Advance tax payment: The deadline to pay the fourth installment of advance tax is March 15. Failing to do so may result in substantial penalties, so it's advisable to settle the payment today if you haven't already. Advance tax is not paid at the end of the year but in installments throughout the year. Individuals whose tax liability exceeds Rs 10,000 are required to pay advance tax in installments as per the schedule set by the Income Tax Department.
Business news: Regulator Securities and Exchange Board of India (SEBI) on Friday (March 15) approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market. Also, the board of Securities and Exchange Board of India (Sebi) gave its nod for a uniform approach for verification of market rumours by entities that have listed their equities.
The Ministry of Commerce and Industry said on Saturday (March 16) that the Patent Office has granted an unprecedented one lakh patents within a single year. As per an official release, in the fiscal year 2023-24 alone, the Patent Office received an all-time high of 90,300 patent applications.
The Hyderabad data centre of AdaniConneX – the joint venture between the Adani Group, India's largest private infrastructure and energy provider, and EdgeConneX, one of the world's largest private data centre operators – has received a Five-Star grade in the Occupational Health and Safety Audit conducted by the British Safety Council. This global recognition makes AdaniConneX's Hyderabad site the first data centre in India to receive such an honour and demonstrates its commitment to the continual improvement of health and safety management systems and associated arrangements.
Stock markets update: For the second consecutive day, equity benchmark indices declined in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 264.7 points to 72,497.19. Meanwhile, the Nifty declined 80.2 points to 21,917.50. 
In a significant turnaround, the Indian stock market witnessed a notable rebound on Thursday, with the benchmark Sensex climbing 335 points and the Nifty breaching the 22,100 level. The recovery was primarily driven by increased buying activity in IT and metal shares, marking a resurgence after the previous day's sharp declines.
A report published by the 2023 Global Risk Management Survey showed that cyber attacks and data breaches are the top business risks for organisations in India.  
Paytm, the leading digital payments platform in India, has been granted a third-party application provider license by the country's payments authority. This development comes as Paytm's banking unit faces regulatory action, compelling the company to explore alternative avenues to continue its operations.
Paytm Fastag: The Paytm Payments Bank (PPBL) is barred from accepting new clients and services such as deposits, credit transactions, and FASTag recharges from March 15 will stop, in line with the guidelines issued by the Reserve Bank of India (RBI). With this, the Paytm FASTags users will also not be able to recharge or top-up the balance post-March 15. However, as per the RBI, existing FASTags can still be used for toll payments until the available balance is utilized.
Stock markets: Equity benchmark indices declined in early trade on Friday amid weak global market trends and foreign fund outflows. The 30-share BSE Sensex declined 314.56 points to 72,782.72 after a weak beginning. The NSE Nifty dropped 101.65 points to 22,045.
Advance tax payment: The deadline to pay the fourth installment of advance tax is March 15. Failing to do so may result in substantial penalties, so it's advisable to settle the payment today if you haven't already. Advance tax is not paid at the end of the year but in installments throughout the year. Individuals whose tax liability exceeds Rs 10,000 are required to pay advance tax in installments as per the schedule set by the Income Tax Department.
Business news: Regulator Securities and Exchange Board of India (SEBI) on Friday (March 15) approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market. Also, the board of Securities and Exchange Board of India (Sebi) gave its nod for a uniform approach for verification of market rumours by entities that have listed their equities.
The Ministry of Commerce and Industry said on Saturday (March 16) that the Patent Office has granted an unprecedented one lakh patents within a single year. As per an official release, in the fiscal year 2023-24 alone, the Patent Office received an all-time high of 90,300 patent applications.
Stock markets update: For the second consecutive day, equity benchmark indices declined in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 264.7 points to 72,497.19. Meanwhile, the Nifty declined 80.2 points to 21,917.50. 
In a significant turnaround, the Indian stock market witnessed a notable rebound on Thursday, with the benchmark Sensex climbing 335 points and the Nifty breaching the 22,100 level. The recovery was primarily driven by increased buying activity in IT and metal shares, marking a resurgence after the previous day's sharp declines.
A report published by the 2023 Global Risk Management Survey showed that cyber attacks and data breaches are the top business risks for organisations in India.  
Paytm, the leading digital payments platform in India, has been granted a third-party application provider license by the country's payments authority. This development comes as Paytm's banking unit faces regulatory action, compelling the company to explore alternative avenues to continue its operations.
Paytm Fastag: The Paytm Payments Bank (PPBL) is barred from accepting new clients and services such as deposits, credit transactions, and FASTag recharges from March 15 will stop, in line with the guidelines issued by the Reserve Bank of India (RBI). With this, the Paytm FASTags users will also not be able to recharge or top-up the balance post-March 15. However, as per the RBI, existing FASTags can still be used for toll payments until the available balance is utilized.
Stock markets: Equity benchmark indices declined in early trade on Friday amid weak global market trends and foreign fund outflows. The 30-share BSE Sensex declined 314.56 points to 72,782.72 after a weak beginning. The NSE Nifty dropped 101.65 points to 22,045.
Advance tax payment: The deadline to pay the fourth installment of advance tax is March 15. Failing to do so may result in substantial penalties, so it's advisable to settle the payment today if you haven't already. Advance tax is not paid at the end of the year but in installments throughout the year. Individuals whose tax liability exceeds Rs 10,000 are required to pay advance tax in installments as per the schedule set by the Income Tax Department.
Business news: Regulator Securities and Exchange Board of India (SEBI) on Friday (March 15) approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market. Also, the board of Securities and Exchange Board of India (Sebi) gave its nod for a uniform approach for verification of market rumours by entities that have listed their equities.
The Ministry of Commerce and Industry said on Saturday (March 16) that the Patent Office has granted an unprecedented one lakh patents within a single year. As per an official release, in the fiscal year 2023-24 alone, the Patent Office received an all-time high of 90,300 patent applications.
Flipkart was ordered to pay Rs 10,000 as redressal for mental harassment to a customer as he after the company cancelled his iPhone order. The cancellation was intentional to make extra profit, which amounts to a deficiency in service and unfair and restrictive trade practice adopted by the online platform, said the District Consumer Disputes Redressal Commission, Central Mumbai, in the order passed last month.
Stock markets update: For the second consecutive day, equity benchmark indices declined in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 264.7 points to 72,497.19. Meanwhile, the Nifty declined 80.2 points to 21,917.50. 
In a significant turnaround, the Indian stock market witnessed a notable rebound on Thursday, with the benchmark Sensex climbing 335 points and the Nifty breaching the 22,100 level. The recovery was primarily driven by increased buying activity in IT and metal shares, marking a resurgence after the previous day's sharp declines.
A report published by the 2023 Global Risk Management Survey showed that cyber attacks and data breaches are the top business risks for organisations in India.  
Paytm, the leading digital payments platform in India, has been granted a third-party application provider license by the country's payments authority. This development comes as Paytm's banking unit faces regulatory action, compelling the company to explore alternative avenues to continue its operations.
Paytm Fastag: The Paytm Payments Bank (PPBL) is barred from accepting new clients and services such as deposits, credit transactions, and FASTag recharges from March 15 will stop, in line with the guidelines issued by the Reserve Bank of India (RBI). With this, the Paytm FASTags users will also not be able to recharge or top-up the balance post-March 15. However, as per the RBI, existing FASTags can still be used for toll payments until the available balance is utilized.
Stock markets: Equity benchmark indices declined in early trade on Friday amid weak global market trends and foreign fund outflows. The 30-share BSE Sensex declined 314.56 points to 72,782.72 after a weak beginning. The NSE Nifty dropped 101.65 points to 22,045.
Advance tax payment: The deadline to pay the fourth installment of advance tax is March 15. Failing to do so may result in substantial penalties, so it's advisable to settle the payment today if you haven't already. Advance tax is not paid at the end of the year but in installments throughout the year. Individuals whose tax liability exceeds Rs 10,000 are required to pay advance tax in installments as per the schedule set by the Income Tax Department.
Business news: Regulator Securities and Exchange Board of India (SEBI) on Friday (March 15) approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market. Also, the board of Securities and Exchange Board of India (Sebi) gave its nod for a uniform approach for verification of market rumours by entities that have listed their equities.
The Ministry of Commerce and Industry said on Saturday (March 16) that the Patent Office has granted an unprecedented one lakh patents within a single year. As per an official release, in the fiscal year 2023-24 alone, the Patent Office received an all-time high of 90,300 patent applications.
Flipkart was ordered to pay Rs 10,000 as redressal for mental harassment to a customer as he after the company cancelled his iPhone order. The cancellation was intentional to make extra profit, which amounts to a deficiency in service and unfair and restrictive trade practice adopted by the online platform, said the District Consumer Disputes Redressal Commission, Central Mumbai, in the order passed last month.
Stock markets update: For the second consecutive day, equity benchmark indices declined in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 264.7 points to 72,497.19. Meanwhile, the Nifty declined 80.2 points to 21,917.50. 
In a significant turnaround, the Indian stock market witnessed a notable rebound on Thursday, with the benchmark Sensex climbing 335 points and the Nifty breaching the 22,100 level. The recovery was primarily driven by increased buying activity in IT and metal shares, marking a resurgence after the previous day's sharp declines.
A report published by the 2023 Global Risk Management Survey showed that cyber attacks and data breaches are the top business risks for organisations in India.  
Paytm, the leading digital payments platform in India, has been granted a third-party application provider license by the country's payments authority. This development comes as Paytm's banking unit faces regulatory action, compelling the company to explore alternative avenues to continue its operations.
Paytm Fastag: The Paytm Payments Bank (PPBL) is barred from accepting new clients and services such as deposits, credit transactions, and FASTag recharges from March 15 will stop, in line with the guidelines issued by the Reserve Bank of India (RBI). With this, the Paytm FASTags users will also not be able to recharge or top-up the balance post-March 15. However, as per the RBI, existing FASTags can still be used for toll payments until the available balance is utilized.
Stock markets: Equity benchmark indices declined in early trade on Friday amid weak global market trends and foreign fund outflows. The 30-share BSE Sensex declined 314.56 points to 72,782.72 after a weak beginning. The NSE Nifty dropped 101.65 points to 22,045.
Advance tax payment: The deadline to pay the fourth installment of advance tax is March 15. Failing to do so may result in substantial penalties, so it's advisable to settle the payment today if you haven't already. Advance tax is not paid at the end of the year but in installments throughout the year. Individuals whose tax liability exceeds Rs 10,000 are required to pay advance tax in installments as per the schedule set by the Income Tax Department.
Business news: Regulator Securities and Exchange Board of India (SEBI) on Friday (March 15) approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market. Also, the board of Securities and Exchange Board of India (Sebi) gave its nod for a uniform approach for verification of market rumours by entities that have listed their equities.
The Ministry of Commerce and Industry said on Saturday (March 16) that the Patent Office has granted an unprecedented one lakh patents within a single year. As per an official release, in the fiscal year 2023-24 alone, the Patent Office received an all-time high of 90,300 patent applications.
Flipkart was ordered to pay Rs 10,000 as redressal for mental harassment to a customer as he after the company cancelled his iPhone order. The cancellation was intentional to make extra profit, which amounts to a deficiency in service and unfair and restrictive trade practice adopted by the online platform, said the District Consumer Disputes Redressal Commission, Central Mumbai, in the order passed last month.
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