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IndiaTV Business: Google News Feed: Digest for March 05, 2024

IndiaTV Business: Google News Feed

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Directorate General of Civil Aviation (DGCA) has imposed a financial penalty of Rs 30 lakhs on Air India after an incident of non-availability of a wheelchair to an 80-year-old passenger who collapsed and died after walking from the aircraft to the airport terminal at Mumbai, said the official on Thursday. The development comes days after reports surfaced that an elderly man died at the Mumbai airport after he was refused a wheelchair despite prior request to an airline and forced to walk.
Knight Frank Wealth Report 2024: The number of Indian ultra-high-net-worth individuals is expected to increase to as high as 19,908 by 2028 from 13,263 in 2023, leading to a 50.1 per cent growth in their numbers. Individuals with a net worth of USD 30 million and above are considered ultra-high-net-worth individuals.
Business news: Some major changes are set to come into effect starting March 1, 2024, that are likely to have an impact on the daily operations of the people. March will also have two long weekends, presenting an opportunity for the travellers to hit the road on trips, thus providing a cue for FASTag update. There are several bank holidays in March, besides stock market holidays. March 31 would mark the closing date for financial year 2023-24.
Indian GDP growth: India's economic growth accelerated to 8.4 per cent in the third quarter of 2023-24, mainly due to good performance by the manufacturing, mining and quarrying and construction sectors. The Indian economy recorded a growth of 8.4 per cent in the third quarter of this fiscal (October-December 2023), according to data released by the National Statistical Office (NSO) today (February 29).
Oil marketing companies (OMCs) have announced a significant revision in the prices of commercial LPG gas cylinders, effective today, March 1, 2024. The price hike of Rs 25.50 for 19 KG of commercial LPG gas cylinders brings retail rates to a new high.
In response to regulatory actions from the Reserve Bank of India (RBI), One 97 Communications, the parent company of Paytm, has announced plans to discontinue inter-company agreements with its associate entity, Paytm Payments Bank Limited (PPBL). The move aimed to lessen dependencies and strengthen the independent operations of PPBL, which has come under scrutiny for non-compliance and supervisory concerns.
Delhi's Finance Minister Atishi Marlena on Friday said that the per capita income of Delhi rose 22 percent in two years at Rs 4,61,910 in 2023-24 from Rs 3,76,217 in 2021-22.
RBI business news: The Reserve Bank of India (RBI) today (March 1) said nearly 97.62 per cent of the Rs 2,000 bank notes have returned to the banking system, and only about Rs 8,470 crore worth of the withdrawn notes are still with the public. On May 19, 2023 (last year), the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation.
Paytm Payments Bank has been imposed a penalty of Rs 5.49 crore by the Financial Intelligence Unit of India for violations under the money laundering act.
Foreign investors made a significant turnaround and injected over Rs 1,500 crore into Indian equities in February, reversing the massive outflows seen in the preceding month, primarily due to robust corporate earnings and positive economic growth. Additionally, Foreign Portfolio Investors (FPIs) continued to be bullish on the debt markets as they put in over Rs 22,419 crore during the month under review, data with the depositories showed.
Directorate General of Civil Aviation (DGCA) has imposed a financial penalty of Rs 30 lakhs on Air India after an incident of non-availability of a wheelchair to an 80-year-old passenger who collapsed and died after walking from the aircraft to the airport terminal at Mumbai, said the official on Thursday. The development comes days after reports surfaced that an elderly man died at the Mumbai airport after he was refused a wheelchair despite prior request to an airline and forced to walk.
Knight Frank Wealth Report 2024: The number of Indian ultra-high-net-worth individuals is expected to increase to as high as 19,908 by 2028 from 13,263 in 2023, leading to a 50.1 per cent growth in their numbers. Individuals with a net worth of USD 30 million and above are considered ultra-high-net-worth individuals.
Business news: Some major changes are set to come into effect starting March 1, 2024, that are likely to have an impact on the daily operations of the people. March will also have two long weekends, presenting an opportunity for the travellers to hit the road on trips, thus providing a cue for FASTag update. There are several bank holidays in March, besides stock market holidays. March 31 would mark the closing date for financial year 2023-24.
Indian GDP growth: India's economic growth accelerated to 8.4 per cent in the third quarter of 2023-24, mainly due to good performance by the manufacturing, mining and quarrying and construction sectors. The Indian economy recorded a growth of 8.4 per cent in the third quarter of this fiscal (October-December 2023), according to data released by the National Statistical Office (NSO) today (February 29).
Oil marketing companies (OMCs) have announced a significant revision in the prices of commercial LPG gas cylinders, effective today, March 1, 2024. The price hike of Rs 25.50 for 19 KG of commercial LPG gas cylinders brings retail rates to a new high.
In response to regulatory actions from the Reserve Bank of India (RBI), One 97 Communications, the parent company of Paytm, has announced plans to discontinue inter-company agreements with its associate entity, Paytm Payments Bank Limited (PPBL). The move aimed to lessen dependencies and strengthen the independent operations of PPBL, which has come under scrutiny for non-compliance and supervisory concerns.
Delhi's Finance Minister Atishi Marlena on Friday said that the per capita income of Delhi rose 22 percent in two years at Rs 4,61,910 in 2023-24 from Rs 3,76,217 in 2021-22.
RBI business news: The Reserve Bank of India (RBI) today (March 1) said nearly 97.62 per cent of the Rs 2,000 bank notes have returned to the banking system, and only about Rs 8,470 crore worth of the withdrawn notes are still with the public. On May 19, 2023 (last year), the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation.
Paytm Payments Bank has been imposed a penalty of Rs 5.49 crore by the Financial Intelligence Unit of India for violations under the money laundering act.
Foreign investors made a significant turnaround and injected over Rs 1,500 crore into Indian equities in February, reversing the massive outflows seen in the preceding month, primarily due to robust corporate earnings and positive economic growth. Additionally, Foreign Portfolio Investors (FPIs) continued to be bullish on the debt markets as they put in over Rs 22,419 crore during the month under review, data with the depositories showed.
Business news: Some major changes are set to come into effect starting March 1, 2024, that are likely to have an impact on the daily operations of the people. March will also have two long weekends, presenting an opportunity for the travellers to hit the road on trips, thus providing a cue for FASTag update. There are several bank holidays in March, besides stock market holidays. March 31 would mark the closing date for financial year 2023-24.
Indian GDP growth: India's economic growth accelerated to 8.4 per cent in the third quarter of 2023-24, mainly due to good performance by the manufacturing, mining and quarrying and construction sectors. The Indian economy recorded a growth of 8.4 per cent in the third quarter of this fiscal (October-December 2023), according to data released by the National Statistical Office (NSO) today (February 29).
Oil marketing companies (OMCs) have announced a significant revision in the prices of commercial LPG gas cylinders, effective today, March 1, 2024. The price hike of Rs 25.50 for 19 KG of commercial LPG gas cylinders brings retail rates to a new high.
In response to regulatory actions from the Reserve Bank of India (RBI), One 97 Communications, the parent company of Paytm, has announced plans to discontinue inter-company agreements with its associate entity, Paytm Payments Bank Limited (PPBL). The move aimed to lessen dependencies and strengthen the independent operations of PPBL, which has come under scrutiny for non-compliance and supervisory concerns.
Delhi's Finance Minister Atishi Marlena on Friday said that the per capita income of Delhi rose 22 percent in two years at Rs 4,61,910 in 2023-24 from Rs 3,76,217 in 2021-22.
RBI business news: The Reserve Bank of India (RBI) today (March 1) said nearly 97.62 per cent of the Rs 2,000 bank notes have returned to the banking system, and only about Rs 8,470 crore worth of the withdrawn notes are still with the public. On May 19, 2023 (last year), the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation.
Paytm Payments Bank has been imposed a penalty of Rs 5.49 crore by the Financial Intelligence Unit of India for violations under the money laundering act.
Foreign investors made a significant turnaround and injected over Rs 1,500 crore into Indian equities in February, reversing the massive outflows seen in the preceding month, primarily due to robust corporate earnings and positive economic growth. Additionally, Foreign Portfolio Investors (FPIs) continued to be bullish on the debt markets as they put in over Rs 22,419 crore during the month under review, data with the depositories showed.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 177.73 points to 73,983.88. Meanwhile, the Nifty hit an all-time high level of 22,440.90. 
Japan's main stock index, the Nikkei 225, has achieved a historic milestone by surpassing the 40,000 mark for the first time on Monday, continuing a rapid rise to new peaks this year that has been spurred by corporate governance reform and cheap valuations.
Oil marketing companies (OMCs) have announced a significant revision in the prices of commercial LPG gas cylinders, effective today, March 1, 2024. The price hike of Rs 25.50 for 19 KG of commercial LPG gas cylinders brings retail rates to a new high.
In response to regulatory actions from the Reserve Bank of India (RBI), One 97 Communications, the parent company of Paytm, has announced plans to discontinue inter-company agreements with its associate entity, Paytm Payments Bank Limited (PPBL). The move aimed to lessen dependencies and strengthen the independent operations of PPBL, which has come under scrutiny for non-compliance and supervisory concerns.
Delhi's Finance Minister Atishi Marlena on Friday said that the per capita income of Delhi rose 22 percent in two years at Rs 4,61,910 in 2023-24 from Rs 3,76,217 in 2021-22.
RBI business news: The Reserve Bank of India (RBI) today (March 1) said nearly 97.62 per cent of the Rs 2,000 bank notes have returned to the banking system, and only about Rs 8,470 crore worth of the withdrawn notes are still with the public. On May 19, 2023 (last year), the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation.
Paytm Payments Bank has been imposed a penalty of Rs 5.49 crore by the Financial Intelligence Unit of India for violations under the money laundering act.
Foreign investors made a significant turnaround and injected over Rs 1,500 crore into Indian equities in February, reversing the massive outflows seen in the preceding month, primarily due to robust corporate earnings and positive economic growth. Additionally, Foreign Portfolio Investors (FPIs) continued to be bullish on the debt markets as they put in over Rs 22,419 crore during the month under review, data with the depositories showed.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 177.73 points to 73,983.88. Meanwhile, the Nifty hit an all-time high level of 22,440.90. 
Japan's main stock index, the Nikkei 225, has achieved a historic milestone by surpassing the 40,000 mark for the first time on Monday, continuing a rapid rise to new peaks this year that has been spurred by corporate governance reform and cheap valuations.
Central government pensioners encountering persistent issues with their pension, despite repeated complaints to both the bank and relevant government departments, can also lodge their complaints through www.pensionersportal.gov.in. This platform enables pensioners to escalate their grievances to senior officials within the respective department, particularly when responses so far have been unsatisfactory or when they are unsure whom to approach regarding pension-related concerns.
The Indian stock market witnessed another day of gains as the Sensex and the Nifty 50 closed higher for the fourth consecutive session, reaching new closing highs on Monday. Experts suggest that the market is currently operating within a range due to the absence of new triggers. Taher Badshah, Chief Investment Officer at Invesco Mutual Fund, highlights the dearth of actionable events, except for global policy rates, monsoon developments, and domestic election results. With robust economic growth and political stability already factored in, the market awaits key events to drive future movements.
Oil marketing companies (OMCs) have announced a significant revision in the prices of commercial LPG gas cylinders, effective today, March 1, 2024. The price hike of Rs 25.50 for 19 KG of commercial LPG gas cylinders brings retail rates to a new high.
In response to regulatory actions from the Reserve Bank of India (RBI), One 97 Communications, the parent company of Paytm, has announced plans to discontinue inter-company agreements with its associate entity, Paytm Payments Bank Limited (PPBL). The move aimed to lessen dependencies and strengthen the independent operations of PPBL, which has come under scrutiny for non-compliance and supervisory concerns.
Delhi's Finance Minister Atishi Marlena on Friday said that the per capita income of Delhi rose 22 percent in two years at Rs 4,61,910 in 2023-24 from Rs 3,76,217 in 2021-22.
RBI business news: The Reserve Bank of India (RBI) today (March 1) said nearly 97.62 per cent of the Rs 2,000 bank notes have returned to the banking system, and only about Rs 8,470 crore worth of the withdrawn notes are still with the public. On May 19, 2023 (last year), the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation.
Paytm Payments Bank has been imposed a penalty of Rs 5.49 crore by the Financial Intelligence Unit of India for violations under the money laundering act.
Foreign investors made a significant turnaround and injected over Rs 1,500 crore into Indian equities in February, reversing the massive outflows seen in the preceding month, primarily due to robust corporate earnings and positive economic growth. Additionally, Foreign Portfolio Investors (FPIs) continued to be bullish on the debt markets as they put in over Rs 22,419 crore during the month under review, data with the depositories showed.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 177.73 points to 73,983.88. Meanwhile, the Nifty hit an all-time high level of 22,440.90. 
Japan's main stock index, the Nikkei 225, has achieved a historic milestone by surpassing the 40,000 mark for the first time on Monday, continuing a rapid rise to new peaks this year that has been spurred by corporate governance reform and cheap valuations.
Central government pensioners encountering persistent issues with their pension, despite repeated complaints to both the bank and relevant government departments, can also lodge their complaints through www.pensionersportal.gov.in. This platform enables pensioners to escalate their grievances to senior officials within the respective department, particularly when responses so far have been unsatisfactory or when they are unsure whom to approach regarding pension-related concerns.
The Indian stock market witnessed another day of gains as the Sensex and the Nifty 50 closed higher for the fourth consecutive session, reaching new closing highs on Monday. Experts suggest that the market is currently operating within a range due to the absence of new triggers. Taher Badshah, Chief Investment Officer at Invesco Mutual Fund, highlights the dearth of actionable events, except for global policy rates, monsoon developments, and domestic election results. With robust economic growth and political stability already factored in, the market awaits key events to drive future movements.
In response to regulatory actions from the Reserve Bank of India (RBI), One 97 Communications, the parent company of Paytm, has announced plans to discontinue inter-company agreements with its associate entity, Paytm Payments Bank Limited (PPBL). The move aimed to lessen dependencies and strengthen the independent operations of PPBL, which has come under scrutiny for non-compliance and supervisory concerns.
Delhi's Finance Minister Atishi Marlena on Friday said that the per capita income of Delhi rose 22 percent in two years at Rs 4,61,910 in 2023-24 from Rs 3,76,217 in 2021-22.
RBI business news: The Reserve Bank of India (RBI) today (March 1) said nearly 97.62 per cent of the Rs 2,000 bank notes have returned to the banking system, and only about Rs 8,470 crore worth of the withdrawn notes are still with the public. On May 19, 2023 (last year), the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation.
Paytm Payments Bank has been imposed a penalty of Rs 5.49 crore by the Financial Intelligence Unit of India for violations under the money laundering act.
Foreign investors made a significant turnaround and injected over Rs 1,500 crore into Indian equities in February, reversing the massive outflows seen in the preceding month, primarily due to robust corporate earnings and positive economic growth. Additionally, Foreign Portfolio Investors (FPIs) continued to be bullish on the debt markets as they put in over Rs 22,419 crore during the month under review, data with the depositories showed.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 177.73 points to 73,983.88. Meanwhile, the Nifty hit an all-time high level of 22,440.90. 
Japan's main stock index, the Nikkei 225, has achieved a historic milestone by surpassing the 40,000 mark for the first time on Monday, continuing a rapid rise to new peaks this year that has been spurred by corporate governance reform and cheap valuations.
Central government pensioners encountering persistent issues with their pension, despite repeated complaints to both the bank and relevant government departments, can also lodge their complaints through www.pensionersportal.gov.in. This platform enables pensioners to escalate their grievances to senior officials within the respective department, particularly when responses so far have been unsatisfactory or when they are unsure whom to approach regarding pension-related concerns.
The Indian stock market witnessed another day of gains as the Sensex and the Nifty 50 closed higher for the fourth consecutive session, reaching new closing highs on Monday. Experts suggest that the market is currently operating within a range due to the absence of new triggers. Taher Badshah, Chief Investment Officer at Invesco Mutual Fund, highlights the dearth of actionable events, except for global policy rates, monsoon developments, and domestic election results. With robust economic growth and political stability already factored in, the market awaits key events to drive future movements.
Business news: The Reserve Bank of India on Monday (March 4) directed IIFL Finance Ltd to cease and desist, with immediate effect, from sanctioning or disbursing gold loans or assigning or selling any of its gold loans. The company can, however, continue to service its existing gold loan portfolio through usual collection and recovery processes, the RBI said.
In response to regulatory actions from the Reserve Bank of India (RBI), One 97 Communications, the parent company of Paytm, has announced plans to discontinue inter-company agreements with its associate entity, Paytm Payments Bank Limited (PPBL). The move aimed to lessen dependencies and strengthen the independent operations of PPBL, which has come under scrutiny for non-compliance and supervisory concerns.
Delhi's Finance Minister Atishi Marlena on Friday said that the per capita income of Delhi rose 22 percent in two years at Rs 4,61,910 in 2023-24 from Rs 3,76,217 in 2021-22.
RBI business news: The Reserve Bank of India (RBI) today (March 1) said nearly 97.62 per cent of the Rs 2,000 bank notes have returned to the banking system, and only about Rs 8,470 crore worth of the withdrawn notes are still with the public. On May 19, 2023 (last year), the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation.
Paytm Payments Bank has been imposed a penalty of Rs 5.49 crore by the Financial Intelligence Unit of India for violations under the money laundering act.
Foreign investors made a significant turnaround and injected over Rs 1,500 crore into Indian equities in February, reversing the massive outflows seen in the preceding month, primarily due to robust corporate earnings and positive economic growth. Additionally, Foreign Portfolio Investors (FPIs) continued to be bullish on the debt markets as they put in over Rs 22,419 crore during the month under review, data with the depositories showed.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 177.73 points to 73,983.88. Meanwhile, the Nifty hit an all-time high level of 22,440.90. 
Japan's main stock index, the Nikkei 225, has achieved a historic milestone by surpassing the 40,000 mark for the first time on Monday, continuing a rapid rise to new peaks this year that has been spurred by corporate governance reform and cheap valuations.
Central government pensioners encountering persistent issues with their pension, despite repeated complaints to both the bank and relevant government departments, can also lodge their complaints through www.pensionersportal.gov.in. This platform enables pensioners to escalate their grievances to senior officials within the respective department, particularly when responses so far have been unsatisfactory or when they are unsure whom to approach regarding pension-related concerns.
The Indian stock market witnessed another day of gains as the Sensex and the Nifty 50 closed higher for the fourth consecutive session, reaching new closing highs on Monday. Experts suggest that the market is currently operating within a range due to the absence of new triggers. Taher Badshah, Chief Investment Officer at Invesco Mutual Fund, highlights the dearth of actionable events, except for global policy rates, monsoon developments, and domestic election results. With robust economic growth and political stability already factored in, the market awaits key events to drive future movements.
Business news: The Reserve Bank of India on Monday (March 4) directed IIFL Finance Ltd to cease and desist, with immediate effect, from sanctioning or disbursing gold loans or assigning or selling any of its gold loans. The company can, however, continue to service its existing gold loan portfolio through usual collection and recovery processes, the RBI said.
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