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IndiaTV Business: Google News Feed: Digest for March 23, 2024

IndiaTV Business: Google News Feed

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Business news: The net direct tax collection grew 19.88 per cent to over Rs 18.90 lakh crore till March 17 on higher advance tax mop-up. The Central Board of Direct Taxes (CBDT) said net direct tax collection of Rs 18,90,259 crore (as of March 17) includes Corporation Tax (CIT) at Rs 9,14,469 crore (net of refund) and Personal Income Tax (PIT), including Securities Transaction Tax (STT) at Rs 9,72,224 crore (net of refund).
Stock markets: The benchmark equity indices on Wednesday opened on a positive note amid positive global cues. The 30-share BSE Sensex rebounded 237.36 points to 72,249.41 in early trade. Meanwhile, the Nifty climbed 74.25 points to 21,891.70. 
EPF account: The Employees' Provident Fund Organisation (EPFO) has revised the standard operating procedure (SOP) for obtaining joint declarations (JD) in order to rectify errors in employers' and members' Universal Account Number (UAN) profiles. Additionally, the EPFO has outlined the process that field offices must follow when making adjustments.

Sensex rises ahead of Fed decision; Nifty holds above 21,800

Wednesday 20 March 2024 10:17 AM UTC+00
After experiencing volatility, the BSE Sensex bounced back by 89.64 points, settling at 72,101.69, fueled by buying interest in major index players like Reliance Industries, ITC, and SBI. The Nifty also registered a slight gain, climbing 21.65 points to close at 21,839.10.
The mining sector has the potential for a multiplier effect on economic growth. As the government focuses on self-reliance, multibagger stock Gujarat Toolroom which recently won a significant order from the country's most valuable listed company Reliance Industries has touched a topline of more than Rs 200 crore. Earlier in November and October last year, Gujarat Toolroom which is into in industrial activities including the development and operation of mines and minerals, had announced to foray into the Dubai market with a focus on precious diamonds, stones, gold bars and the jewellery industry.
Mumbai: The Reserve Bank of India (RBI) has asked all agency banks handling government transactions to ensure that their branches remain open on March 31, 2024. This decision comes as the last day of the current financial year (2023-24) falls on a Sunday.
Stock markets: Equity benchmark indices gained significantly in early trade on Thursday amid positive global market trends. The 30-share BSE Sensex surged 595.02 points to 72,696.71. Meanwhile, the NSE Nifty climbed 181.85 points to 22,020.95. 
Washington: The US Federal Reserve stayed on track for three interest rate cuts this year as chairman Jerome Powell on Wednesday affirmed that solid economic growth will continue despite signs that inflation remained elevated at the start of 2024. The Federal Reserve also left interest rates unchanged and released new quarterly economic projections that showed officials expecting the economy 2.1 per cent this year.
The Indian stock market witnessed a robust performance on Thursday as both the Sensex and Nifty soared following the US Federal Reserve's decision to maintain interest rates. The S&P BSE Sensex surged by 540 points to settle at 72,641, while the NSE Nifty50 closed above the 22,000-mark at 22,012, marking a gain of 173 points.
The Employees' Provident Fund (EPF) stands as a crucial retirement savings scheme facilitated by the Central government, catering to both salaried employees and private sector workers. With monthly contributions of 12 per cent from employees and a matching sum from employers, the EPF serves as a vital avenue for long-term savings.
Business news: The net direct tax collection grew 19.88 per cent to over Rs 18.90 lakh crore till March 17 on higher advance tax mop-up. The Central Board of Direct Taxes (CBDT) said net direct tax collection of Rs 18,90,259 crore (as of March 17) includes Corporation Tax (CIT) at Rs 9,14,469 crore (net of refund) and Personal Income Tax (PIT), including Securities Transaction Tax (STT) at Rs 9,72,224 crore (net of refund).
Stock markets: The benchmark equity indices on Wednesday opened on a positive note amid positive global cues. The 30-share BSE Sensex rebounded 237.36 points to 72,249.41 in early trade. Meanwhile, the Nifty climbed 74.25 points to 21,891.70. 
EPF account: The Employees' Provident Fund Organisation (EPFO) has revised the standard operating procedure (SOP) for obtaining joint declarations (JD) in order to rectify errors in employers' and members' Universal Account Number (UAN) profiles. Additionally, the EPFO has outlined the process that field offices must follow when making adjustments.

Sensex rises ahead of Fed decision; Nifty holds above 21,800

Wednesday 20 March 2024 10:17 AM UTC+00
After experiencing volatility, the BSE Sensex bounced back by 89.64 points, settling at 72,101.69, fueled by buying interest in major index players like Reliance Industries, ITC, and SBI. The Nifty also registered a slight gain, climbing 21.65 points to close at 21,839.10.
The mining sector has the potential for a multiplier effect on economic growth. As the government focuses on self-reliance, multibagger stock Gujarat Toolroom which recently won a significant order from the country's most valuable listed company Reliance Industries has touched a topline of more than Rs 200 crore. Earlier in November and October last year, Gujarat Toolroom which is into in industrial activities including the development and operation of mines and minerals, had announced to foray into the Dubai market with a focus on precious diamonds, stones, gold bars and the jewellery industry.
Mumbai: The Reserve Bank of India (RBI) has asked all agency banks handling government transactions to ensure that their branches remain open on March 31, 2024. This decision comes as the last day of the current financial year (2023-24) falls on a Sunday.
Stock markets: Equity benchmark indices gained significantly in early trade on Thursday amid positive global market trends. The 30-share BSE Sensex surged 595.02 points to 72,696.71. Meanwhile, the NSE Nifty climbed 181.85 points to 22,020.95. 
Washington: The US Federal Reserve stayed on track for three interest rate cuts this year as chairman Jerome Powell on Wednesday affirmed that solid economic growth will continue despite signs that inflation remained elevated at the start of 2024. The Federal Reserve also left interest rates unchanged and released new quarterly economic projections that showed officials expecting the economy 2.1 per cent this year.
The Indian stock market witnessed a robust performance on Thursday as both the Sensex and Nifty soared following the US Federal Reserve's decision to maintain interest rates. The S&P BSE Sensex surged by 540 points to settle at 72,641, while the NSE Nifty50 closed above the 22,000-mark at 22,012, marking a gain of 173 points.
The Employees' Provident Fund (EPF) stands as a crucial retirement savings scheme facilitated by the Central government, catering to both salaried employees and private sector workers. With monthly contributions of 12 per cent from employees and a matching sum from employers, the EPF serves as a vital avenue for long-term savings.
Stock markets: The benchmark equity indices on Wednesday opened on a positive note amid positive global cues. The 30-share BSE Sensex rebounded 237.36 points to 72,249.41 in early trade. Meanwhile, the Nifty climbed 74.25 points to 21,891.70. 
EPF account: The Employees' Provident Fund Organisation (EPFO) has revised the standard operating procedure (SOP) for obtaining joint declarations (JD) in order to rectify errors in employers' and members' Universal Account Number (UAN) profiles. Additionally, the EPFO has outlined the process that field offices must follow when making adjustments.

Sensex rises ahead of Fed decision; Nifty holds above 21,800

Wednesday 20 March 2024 10:17 AM UTC+00
After experiencing volatility, the BSE Sensex bounced back by 89.64 points, settling at 72,101.69, fueled by buying interest in major index players like Reliance Industries, ITC, and SBI. The Nifty also registered a slight gain, climbing 21.65 points to close at 21,839.10.
The mining sector has the potential for a multiplier effect on economic growth. As the government focuses on self-reliance, multibagger stock Gujarat Toolroom which recently won a significant order from the country's most valuable listed company Reliance Industries has touched a topline of more than Rs 200 crore. Earlier in November and October last year, Gujarat Toolroom which is into in industrial activities including the development and operation of mines and minerals, had announced to foray into the Dubai market with a focus on precious diamonds, stones, gold bars and the jewellery industry.
Mumbai: The Reserve Bank of India (RBI) has asked all agency banks handling government transactions to ensure that their branches remain open on March 31, 2024. This decision comes as the last day of the current financial year (2023-24) falls on a Sunday.
Stock markets: Equity benchmark indices gained significantly in early trade on Thursday amid positive global market trends. The 30-share BSE Sensex surged 595.02 points to 72,696.71. Meanwhile, the NSE Nifty climbed 181.85 points to 22,020.95. 
Washington: The US Federal Reserve stayed on track for three interest rate cuts this year as chairman Jerome Powell on Wednesday affirmed that solid economic growth will continue despite signs that inflation remained elevated at the start of 2024. The Federal Reserve also left interest rates unchanged and released new quarterly economic projections that showed officials expecting the economy 2.1 per cent this year.
The Indian stock market witnessed a robust performance on Thursday as both the Sensex and Nifty soared following the US Federal Reserve's decision to maintain interest rates. The S&P BSE Sensex surged by 540 points to settle at 72,641, while the NSE Nifty50 closed above the 22,000-mark at 22,012, marking a gain of 173 points.
The Employees' Provident Fund (EPF) stands as a crucial retirement savings scheme facilitated by the Central government, catering to both salaried employees and private sector workers. With monthly contributions of 12 per cent from employees and a matching sum from employers, the EPF serves as a vital avenue for long-term savings.
Benchmark equity indices tanked in early trade on Friday, surrendering their two days of rally, dragged down by IT stocks, weak trends from Asian markets and continuous foreign fund outflows. The 30-share BSE Sensex tanked 413.36 points to 72,227.83. The NSE Nifty skidded 86.8 points to 21,925.15.
EPF account: The Employees' Provident Fund Organisation (EPFO) has revised the standard operating procedure (SOP) for obtaining joint declarations (JD) in order to rectify errors in employers' and members' Universal Account Number (UAN) profiles. Additionally, the EPFO has outlined the process that field offices must follow when making adjustments.

Sensex rises ahead of Fed decision; Nifty holds above 21,800

Wednesday 20 March 2024 10:17 AM UTC+00
After experiencing volatility, the BSE Sensex bounced back by 89.64 points, settling at 72,101.69, fueled by buying interest in major index players like Reliance Industries, ITC, and SBI. The Nifty also registered a slight gain, climbing 21.65 points to close at 21,839.10.
The mining sector has the potential for a multiplier effect on economic growth. As the government focuses on self-reliance, multibagger stock Gujarat Toolroom which recently won a significant order from the country's most valuable listed company Reliance Industries has touched a topline of more than Rs 200 crore. Earlier in November and October last year, Gujarat Toolroom which is into in industrial activities including the development and operation of mines and minerals, had announced to foray into the Dubai market with a focus on precious diamonds, stones, gold bars and the jewellery industry.
Mumbai: The Reserve Bank of India (RBI) has asked all agency banks handling government transactions to ensure that their branches remain open on March 31, 2024. This decision comes as the last day of the current financial year (2023-24) falls on a Sunday.
Stock markets: Equity benchmark indices gained significantly in early trade on Thursday amid positive global market trends. The 30-share BSE Sensex surged 595.02 points to 72,696.71. Meanwhile, the NSE Nifty climbed 181.85 points to 22,020.95. 
Washington: The US Federal Reserve stayed on track for three interest rate cuts this year as chairman Jerome Powell on Wednesday affirmed that solid economic growth will continue despite signs that inflation remained elevated at the start of 2024. The Federal Reserve also left interest rates unchanged and released new quarterly economic projections that showed officials expecting the economy 2.1 per cent this year.
The Indian stock market witnessed a robust performance on Thursday as both the Sensex and Nifty soared following the US Federal Reserve's decision to maintain interest rates. The S&P BSE Sensex surged by 540 points to settle at 72,641, while the NSE Nifty50 closed above the 22,000-mark at 22,012, marking a gain of 173 points.
The Employees' Provident Fund (EPF) stands as a crucial retirement savings scheme facilitated by the Central government, catering to both salaried employees and private sector workers. With monthly contributions of 12 per cent from employees and a matching sum from employers, the EPF serves as a vital avenue for long-term savings.
Benchmark equity indices tanked in early trade on Friday, surrendering their two days of rally, dragged down by IT stocks, weak trends from Asian markets and continuous foreign fund outflows. The 30-share BSE Sensex tanked 413.36 points to 72,227.83. The NSE Nifty skidded 86.8 points to 21,925.15.
Zomato CEO Deepinder Goyal has reportedly married Mexican former model and entrepreneur Grecia Munoz and the wedding took place over a month ago, according to multiple media reports. The couple have also spent their honeymoon in an undisclosed location in February.

Sensex rises ahead of Fed decision; Nifty holds above 21,800

Wednesday 20 March 2024 10:17 AM UTC+00
After experiencing volatility, the BSE Sensex bounced back by 89.64 points, settling at 72,101.69, fueled by buying interest in major index players like Reliance Industries, ITC, and SBI. The Nifty also registered a slight gain, climbing 21.65 points to close at 21,839.10.
The mining sector has the potential for a multiplier effect on economic growth. As the government focuses on self-reliance, multibagger stock Gujarat Toolroom which recently won a significant order from the country's most valuable listed company Reliance Industries has touched a topline of more than Rs 200 crore. Earlier in November and October last year, Gujarat Toolroom which is into in industrial activities including the development and operation of mines and minerals, had announced to foray into the Dubai market with a focus on precious diamonds, stones, gold bars and the jewellery industry.
Mumbai: The Reserve Bank of India (RBI) has asked all agency banks handling government transactions to ensure that their branches remain open on March 31, 2024. This decision comes as the last day of the current financial year (2023-24) falls on a Sunday.
Stock markets: Equity benchmark indices gained significantly in early trade on Thursday amid positive global market trends. The 30-share BSE Sensex surged 595.02 points to 72,696.71. Meanwhile, the NSE Nifty climbed 181.85 points to 22,020.95. 
Washington: The US Federal Reserve stayed on track for three interest rate cuts this year as chairman Jerome Powell on Wednesday affirmed that solid economic growth will continue despite signs that inflation remained elevated at the start of 2024. The Federal Reserve also left interest rates unchanged and released new quarterly economic projections that showed officials expecting the economy 2.1 per cent this year.
The Indian stock market witnessed a robust performance on Thursday as both the Sensex and Nifty soared following the US Federal Reserve's decision to maintain interest rates. The S&P BSE Sensex surged by 540 points to settle at 72,641, while the NSE Nifty50 closed above the 22,000-mark at 22,012, marking a gain of 173 points.
The Employees' Provident Fund (EPF) stands as a crucial retirement savings scheme facilitated by the Central government, catering to both salaried employees and private sector workers. With monthly contributions of 12 per cent from employees and a matching sum from employers, the EPF serves as a vital avenue for long-term savings.
Benchmark equity indices tanked in early trade on Friday, surrendering their two days of rally, dragged down by IT stocks, weak trends from Asian markets and continuous foreign fund outflows. The 30-share BSE Sensex tanked 413.36 points to 72,227.83. The NSE Nifty skidded 86.8 points to 21,925.15.
Zomato CEO Deepinder Goyal has reportedly married Mexican former model and entrepreneur Grecia Munoz and the wedding took place over a month ago, according to multiple media reports. The couple have also spent their honeymoon in an undisclosed location in February.
The Directorate General of Civil Aviation (DGCA) on Friday imposed a fine of Rs 80 lakh on Air India Limited. The fine has been imposed for violation of regulations pertaining to Flight Duty Time Limitations (FDTL) and fatigue management system (FMS) of flight crew.

Sensex rises ahead of Fed decision; Nifty holds above 21,800

Wednesday 20 March 2024 10:17 AM UTC+00
After experiencing volatility, the BSE Sensex bounced back by 89.64 points, settling at 72,101.69, fueled by buying interest in major index players like Reliance Industries, ITC, and SBI. The Nifty also registered a slight gain, climbing 21.65 points to close at 21,839.10.
The mining sector has the potential for a multiplier effect on economic growth. As the government focuses on self-reliance, multibagger stock Gujarat Toolroom which recently won a significant order from the country's most valuable listed company Reliance Industries has touched a topline of more than Rs 200 crore. Earlier in November and October last year, Gujarat Toolroom which is into in industrial activities including the development and operation of mines and minerals, had announced to foray into the Dubai market with a focus on precious diamonds, stones, gold bars and the jewellery industry.
Mumbai: The Reserve Bank of India (RBI) has asked all agency banks handling government transactions to ensure that their branches remain open on March 31, 2024. This decision comes as the last day of the current financial year (2023-24) falls on a Sunday.
Stock markets: Equity benchmark indices gained significantly in early trade on Thursday amid positive global market trends. The 30-share BSE Sensex surged 595.02 points to 72,696.71. Meanwhile, the NSE Nifty climbed 181.85 points to 22,020.95. 
Washington: The US Federal Reserve stayed on track for three interest rate cuts this year as chairman Jerome Powell on Wednesday affirmed that solid economic growth will continue despite signs that inflation remained elevated at the start of 2024. The Federal Reserve also left interest rates unchanged and released new quarterly economic projections that showed officials expecting the economy 2.1 per cent this year.
The Indian stock market witnessed a robust performance on Thursday as both the Sensex and Nifty soared following the US Federal Reserve's decision to maintain interest rates. The S&P BSE Sensex surged by 540 points to settle at 72,641, while the NSE Nifty50 closed above the 22,000-mark at 22,012, marking a gain of 173 points.
The Employees' Provident Fund (EPF) stands as a crucial retirement savings scheme facilitated by the Central government, catering to both salaried employees and private sector workers. With monthly contributions of 12 per cent from employees and a matching sum from employers, the EPF serves as a vital avenue for long-term savings.
Benchmark equity indices tanked in early trade on Friday, surrendering their two days of rally, dragged down by IT stocks, weak trends from Asian markets and continuous foreign fund outflows. The 30-share BSE Sensex tanked 413.36 points to 72,227.83. The NSE Nifty skidded 86.8 points to 21,925.15.
Zomato CEO Deepinder Goyal has reportedly married Mexican former model and entrepreneur Grecia Munoz and the wedding took place over a month ago, according to multiple media reports. The couple have also spent their honeymoon in an undisclosed location in February.
The Directorate General of Civil Aviation (DGCA) on Friday imposed a fine of Rs 80 lakh on Air India Limited. The fine has been imposed for violation of regulations pertaining to Flight Duty Time Limitations (FDTL) and fatigue management system (FMS) of flight crew.

Sensex rises ahead of Fed decision; Nifty holds above 21,800

Wednesday 20 March 2024 10:17 AM UTC+00
After experiencing volatility, the BSE Sensex bounced back by 89.64 points, settling at 72,101.69, fueled by buying interest in major index players like Reliance Industries, ITC, and SBI. The Nifty also registered a slight gain, climbing 21.65 points to close at 21,839.10.
The mining sector has the potential for a multiplier effect on economic growth. As the government focuses on self-reliance, multibagger stock Gujarat Toolroom which recently won a significant order from the country's most valuable listed company Reliance Industries has touched a topline of more than Rs 200 crore. Earlier in November and October last year, Gujarat Toolroom which is into in industrial activities including the development and operation of mines and minerals, had announced to foray into the Dubai market with a focus on precious diamonds, stones, gold bars and the jewellery industry.
Mumbai: The Reserve Bank of India (RBI) has asked all agency banks handling government transactions to ensure that their branches remain open on March 31, 2024. This decision comes as the last day of the current financial year (2023-24) falls on a Sunday.
Stock markets: Equity benchmark indices gained significantly in early trade on Thursday amid positive global market trends. The 30-share BSE Sensex surged 595.02 points to 72,696.71. Meanwhile, the NSE Nifty climbed 181.85 points to 22,020.95. 
Washington: The US Federal Reserve stayed on track for three interest rate cuts this year as chairman Jerome Powell on Wednesday affirmed that solid economic growth will continue despite signs that inflation remained elevated at the start of 2024. The Federal Reserve also left interest rates unchanged and released new quarterly economic projections that showed officials expecting the economy 2.1 per cent this year.
The Indian stock market witnessed a robust performance on Thursday as both the Sensex and Nifty soared following the US Federal Reserve's decision to maintain interest rates. The S&P BSE Sensex surged by 540 points to settle at 72,641, while the NSE Nifty50 closed above the 22,000-mark at 22,012, marking a gain of 173 points.
The Employees' Provident Fund (EPF) stands as a crucial retirement savings scheme facilitated by the Central government, catering to both salaried employees and private sector workers. With monthly contributions of 12 per cent from employees and a matching sum from employers, the EPF serves as a vital avenue for long-term savings.
Benchmark equity indices tanked in early trade on Friday, surrendering their two days of rally, dragged down by IT stocks, weak trends from Asian markets and continuous foreign fund outflows. The 30-share BSE Sensex tanked 413.36 points to 72,227.83. The NSE Nifty skidded 86.8 points to 21,925.15.
Zomato CEO Deepinder Goyal has reportedly married Mexican former model and entrepreneur Grecia Munoz and the wedding took place over a month ago, according to multiple media reports. The couple have also spent their honeymoon in an undisclosed location in February.
The Directorate General of Civil Aviation (DGCA) on Friday imposed a fine of Rs 80 lakh on Air India Limited. The fine has been imposed for violation of regulations pertaining to Flight Duty Time Limitations (FDTL) and fatigue management system (FMS) of flight crew.
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