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IndiaTV Business: Google News Feed: Digest for March 24, 2024

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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.
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.
Business news: India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.49 billion in the week ending on March 15, as per the latest data released by the Reserve Bank of India (RBI). During the week, the foreign exchange kitty rose by USD 6.396 billion. Before March 8 week, the reserves rose by USD 10.470 billion to USD 636.095 billion.
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.
Business news: India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.49 billion in the week ending on March 15, as per the latest data released by the Reserve Bank of India (RBI). During the week, the foreign exchange kitty rose by USD 6.396 billion. Before March 8 week, the reserves rose by USD 10.470 billion to USD 636.095 billion.
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.
Business news: India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.49 billion in the week ending on March 15, as per the latest data released by the Reserve Bank of India (RBI). During the week, the foreign exchange kitty rose by USD 6.396 billion. Before March 8 week, the reserves rose by USD 10.470 billion to USD 636.095 billion.
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.
Business news: India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.49 billion in the week ending on March 15, as per the latest data released by the Reserve Bank of India (RBI). During the week, the foreign exchange kitty rose by USD 6.396 billion. Before March 8 week, the reserves rose by USD 10.470 billion to USD 636.095 billion.
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.
Business news: India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.49 billion in the week ending on March 15, as per the latest data released by the Reserve Bank of India (RBI). During the week, the foreign exchange kitty rose by USD 6.396 billion. Before March 8 week, the reserves rose by USD 10.470 billion to USD 636.095 billion.
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.
Business news: India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.49 billion in the week ending on March 15, as per the latest data released by the Reserve Bank of India (RBI). During the week, the foreign exchange kitty rose by USD 6.396 billion. Before March 8 week, the reserves rose by USD 10.470 billion to USD 636.095 billion.
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.
Business news: India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.49 billion in the week ending on March 15, as per the latest data released by the Reserve Bank of India (RBI). During the week, the foreign exchange kitty rose by USD 6.396 billion. Before March 8 week, the reserves rose by USD 10.470 billion to USD 636.095 billion.
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