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IndiaTV Business: Google News Feed: Digest for March 08, 2024

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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.
Stock markets update: Equity benchmark indices declined in early trade on Tuesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 297.97 points to 73,574.32. Meanwhile, the Nifty declined 86.05 points to 22,319.55 points.
New Delhi: Go Digit General Insurance Ltd, a company backed by Canada-based Fairfax Group, has been granted approval by the Securities and Exchange Board of India (SEBI) to raise capital through an initial public offering (IPO), according to an update from the regulator on Monday. The approval came after the company's preliminary IPO papers were first filed in August 2022.
The Reserve Bank of India (RBI) has issued a directive to JM Financial Products Limited (JMFPL) to immediately cease all forms of financing against shares and debentures. This included the sanction and disbursal of loans against Initial Public Offering (IPO) shares and subscriptions to debentures. However, the company is permitted to continue servicing its existing loan accounts through regular collection and recovery procedures.
Bitcoin, the world's most popular cryptocurrency, soared to a new all-time high on Tuesday, reaching a staggering price of $69,202. This milestone surpassed the previous peak of $68,999.99 recorded in November 2021, marking a significant uptrend in the cryptocurrency's value.
Gujarat: Reliance Industries Chairman and MD Mukesh Ambani on Tuesday offered prayers at the Dwarkadhish temple in Gujarat.
Stock markets update: For the second consecutive day, equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 229.04 points to 73,448.09. Meanwhile, the Nifty declined 63.15 points to 22,293.15. 
RBI guidelines: The Reserve Bank of India (RBI) on Wednesday issued new guidelines aimed at providing more options and flexibility for credit card customers. The central bank said card issuers must allow provide an option to their eligible customers to choose from multiple card networks at the time of issue.
A new airline 'Fly 91' on Wednesday received the Air Operator's Certificate (AOC) from the Directorate General of Civil Aviation (DGCA).
Indian stock indices soared to new heights on Wednesday, propelled by strong performances from banking stocks and stable macro-economic indicators. The Sensex achieved a historic milestone by crossing the 74,000 mark for the first time, settling at 74,085.99 points, marking a gain of 408.86 points, or 0.55 percent. Meanwhile, the Nifty closed at 22,474.05 points, rising by 117.75 points, or 0.53 percent. Notably, Nifty Bank and Nifty Private Bank emerged as the top gainers, witnessing increases ranging from 0.8 to 0.9 percent at the close.
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.
Stock markets update: Equity benchmark indices declined in early trade on Tuesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 297.97 points to 73,574.32. Meanwhile, the Nifty declined 86.05 points to 22,319.55 points.
New Delhi: Go Digit General Insurance Ltd, a company backed by Canada-based Fairfax Group, has been granted approval by the Securities and Exchange Board of India (SEBI) to raise capital through an initial public offering (IPO), according to an update from the regulator on Monday. The approval came after the company's preliminary IPO papers were first filed in August 2022.
The Reserve Bank of India (RBI) has issued a directive to JM Financial Products Limited (JMFPL) to immediately cease all forms of financing against shares and debentures. This included the sanction and disbursal of loans against Initial Public Offering (IPO) shares and subscriptions to debentures. However, the company is permitted to continue servicing its existing loan accounts through regular collection and recovery procedures.
Bitcoin, the world's most popular cryptocurrency, soared to a new all-time high on Tuesday, reaching a staggering price of $69,202. This milestone surpassed the previous peak of $68,999.99 recorded in November 2021, marking a significant uptrend in the cryptocurrency's value.
Gujarat: Reliance Industries Chairman and MD Mukesh Ambani on Tuesday offered prayers at the Dwarkadhish temple in Gujarat.
Stock markets update: For the second consecutive day, equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 229.04 points to 73,448.09. Meanwhile, the Nifty declined 63.15 points to 22,293.15. 
RBI guidelines: The Reserve Bank of India (RBI) on Wednesday issued new guidelines aimed at providing more options and flexibility for credit card customers. The central bank said card issuers must allow provide an option to their eligible customers to choose from multiple card networks at the time of issue.
A new airline 'Fly 91' on Wednesday received the Air Operator's Certificate (AOC) from the Directorate General of Civil Aviation (DGCA).
Indian stock indices soared to new heights on Wednesday, propelled by strong performances from banking stocks and stable macro-economic indicators. The Sensex achieved a historic milestone by crossing the 74,000 mark for the first time, settling at 74,085.99 points, marking a gain of 408.86 points, or 0.55 percent. Meanwhile, the Nifty closed at 22,474.05 points, rising by 117.75 points, or 0.53 percent. Notably, Nifty Bank and Nifty Private Bank emerged as the top gainers, witnessing increases ranging from 0.8 to 0.9 percent at the close.
Stock markets update: Equity benchmark indices declined in early trade on Tuesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 297.97 points to 73,574.32. Meanwhile, the Nifty declined 86.05 points to 22,319.55 points.
New Delhi: Go Digit General Insurance Ltd, a company backed by Canada-based Fairfax Group, has been granted approval by the Securities and Exchange Board of India (SEBI) to raise capital through an initial public offering (IPO), according to an update from the regulator on Monday. The approval came after the company's preliminary IPO papers were first filed in August 2022.
The Reserve Bank of India (RBI) has issued a directive to JM Financial Products Limited (JMFPL) to immediately cease all forms of financing against shares and debentures. This included the sanction and disbursal of loans against Initial Public Offering (IPO) shares and subscriptions to debentures. However, the company is permitted to continue servicing its existing loan accounts through regular collection and recovery procedures.
Bitcoin, the world's most popular cryptocurrency, soared to a new all-time high on Tuesday, reaching a staggering price of $69,202. This milestone surpassed the previous peak of $68,999.99 recorded in November 2021, marking a significant uptrend in the cryptocurrency's value.
Gujarat: Reliance Industries Chairman and MD Mukesh Ambani on Tuesday offered prayers at the Dwarkadhish temple in Gujarat.
Stock markets update: For the second consecutive day, equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 229.04 points to 73,448.09. Meanwhile, the Nifty declined 63.15 points to 22,293.15. 
RBI guidelines: The Reserve Bank of India (RBI) on Wednesday issued new guidelines aimed at providing more options and flexibility for credit card customers. The central bank said card issuers must allow provide an option to their eligible customers to choose from multiple card networks at the time of issue.
A new airline 'Fly 91' on Wednesday received the Air Operator's Certificate (AOC) from the Directorate General of Civil Aviation (DGCA).
Indian stock indices soared to new heights on Wednesday, propelled by strong performances from banking stocks and stable macro-economic indicators. The Sensex achieved a historic milestone by crossing the 74,000 mark for the first time, settling at 74,085.99 points, marking a gain of 408.86 points, or 0.55 percent. Meanwhile, the Nifty closed at 22,474.05 points, rising by 117.75 points, or 0.53 percent. Notably, Nifty Bank and Nifty Private Bank emerged as the top gainers, witnessing increases ranging from 0.8 to 0.9 percent at the close.
Stock markets: Equity benchmark indices Sensex and Nifty hit fresh record highs on Thursday amid strong global cues. The 30-share BSE Sensex climbed 159.18 points to reach an all-time peak of 74,245.17 in early trade. The Nifty went up by 49.6 points to 22,523.65.
Stock markets update: Equity benchmark indices declined in early trade on Tuesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 297.97 points to 73,574.32. Meanwhile, the Nifty declined 86.05 points to 22,319.55 points.
New Delhi: Go Digit General Insurance Ltd, a company backed by Canada-based Fairfax Group, has been granted approval by the Securities and Exchange Board of India (SEBI) to raise capital through an initial public offering (IPO), according to an update from the regulator on Monday. The approval came after the company's preliminary IPO papers were first filed in August 2022.
The Reserve Bank of India (RBI) has issued a directive to JM Financial Products Limited (JMFPL) to immediately cease all forms of financing against shares and debentures. This included the sanction and disbursal of loans against Initial Public Offering (IPO) shares and subscriptions to debentures. However, the company is permitted to continue servicing its existing loan accounts through regular collection and recovery procedures.
Bitcoin, the world's most popular cryptocurrency, soared to a new all-time high on Tuesday, reaching a staggering price of $69,202. This milestone surpassed the previous peak of $68,999.99 recorded in November 2021, marking a significant uptrend in the cryptocurrency's value.
Gujarat: Reliance Industries Chairman and MD Mukesh Ambani on Tuesday offered prayers at the Dwarkadhish temple in Gujarat.
Stock markets update: For the second consecutive day, equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 229.04 points to 73,448.09. Meanwhile, the Nifty declined 63.15 points to 22,293.15. 
RBI guidelines: The Reserve Bank of India (RBI) on Wednesday issued new guidelines aimed at providing more options and flexibility for credit card customers. The central bank said card issuers must allow provide an option to their eligible customers to choose from multiple card networks at the time of issue.
A new airline 'Fly 91' on Wednesday received the Air Operator's Certificate (AOC) from the Directorate General of Civil Aviation (DGCA).
Indian stock indices soared to new heights on Wednesday, propelled by strong performances from banking stocks and stable macro-economic indicators. The Sensex achieved a historic milestone by crossing the 74,000 mark for the first time, settling at 74,085.99 points, marking a gain of 408.86 points, or 0.55 percent. Meanwhile, the Nifty closed at 22,474.05 points, rising by 117.75 points, or 0.53 percent. Notably, Nifty Bank and Nifty Private Bank emerged as the top gainers, witnessing increases ranging from 0.8 to 0.9 percent at the close.
Stock markets: Equity benchmark indices Sensex and Nifty hit fresh record highs on Thursday amid strong global cues. The 30-share BSE Sensex climbed 159.18 points to reach an all-time peak of 74,245.17 in early trade. The Nifty went up by 49.6 points to 22,523.65.
Stock markets update: Equity benchmark indices declined in early trade on Tuesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 297.97 points to 73,574.32. Meanwhile, the Nifty declined 86.05 points to 22,319.55 points.
New Delhi: Go Digit General Insurance Ltd, a company backed by Canada-based Fairfax Group, has been granted approval by the Securities and Exchange Board of India (SEBI) to raise capital through an initial public offering (IPO), according to an update from the regulator on Monday. The approval came after the company's preliminary IPO papers were first filed in August 2022.
The Reserve Bank of India (RBI) has issued a directive to JM Financial Products Limited (JMFPL) to immediately cease all forms of financing against shares and debentures. This included the sanction and disbursal of loans against Initial Public Offering (IPO) shares and subscriptions to debentures. However, the company is permitted to continue servicing its existing loan accounts through regular collection and recovery procedures.
Bitcoin, the world's most popular cryptocurrency, soared to a new all-time high on Tuesday, reaching a staggering price of $69,202. This milestone surpassed the previous peak of $68,999.99 recorded in November 2021, marking a significant uptrend in the cryptocurrency's value.
Gujarat: Reliance Industries Chairman and MD Mukesh Ambani on Tuesday offered prayers at the Dwarkadhish temple in Gujarat.
Stock markets update: For the second consecutive day, equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 229.04 points to 73,448.09. Meanwhile, the Nifty declined 63.15 points to 22,293.15. 
RBI guidelines: The Reserve Bank of India (RBI) on Wednesday issued new guidelines aimed at providing more options and flexibility for credit card customers. The central bank said card issuers must allow provide an option to their eligible customers to choose from multiple card networks at the time of issue.
A new airline 'Fly 91' on Wednesday received the Air Operator's Certificate (AOC) from the Directorate General of Civil Aviation (DGCA).
Indian stock indices soared to new heights on Wednesday, propelled by strong performances from banking stocks and stable macro-economic indicators. The Sensex achieved a historic milestone by crossing the 74,000 mark for the first time, settling at 74,085.99 points, marking a gain of 408.86 points, or 0.55 percent. Meanwhile, the Nifty closed at 22,474.05 points, rising by 117.75 points, or 0.53 percent. Notably, Nifty Bank and Nifty Private Bank emerged as the top gainers, witnessing increases ranging from 0.8 to 0.9 percent at the close.
Stock markets: Equity benchmark indices Sensex and Nifty hit fresh record highs on Thursday amid strong global cues. The 30-share BSE Sensex climbed 159.18 points to reach an all-time peak of 74,245.17 in early trade. The Nifty went up by 49.6 points to 22,523.65.
The Reserve Bank of India (RBI) has issued a directive to JM Financial Products Limited (JMFPL) to immediately cease all forms of financing against shares and debentures. This included the sanction and disbursal of loans against Initial Public Offering (IPO) shares and subscriptions to debentures. However, the company is permitted to continue servicing its existing loan accounts through regular collection and recovery procedures.
Bitcoin, the world's most popular cryptocurrency, soared to a new all-time high on Tuesday, reaching a staggering price of $69,202. This milestone surpassed the previous peak of $68,999.99 recorded in November 2021, marking a significant uptrend in the cryptocurrency's value.
Gujarat: Reliance Industries Chairman and MD Mukesh Ambani on Tuesday offered prayers at the Dwarkadhish temple in Gujarat.
Stock markets update: For the second consecutive day, equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 229.04 points to 73,448.09. Meanwhile, the Nifty declined 63.15 points to 22,293.15. 
RBI guidelines: The Reserve Bank of India (RBI) on Wednesday issued new guidelines aimed at providing more options and flexibility for credit card customers. The central bank said card issuers must allow provide an option to their eligible customers to choose from multiple card networks at the time of issue.
A new airline 'Fly 91' on Wednesday received the Air Operator's Certificate (AOC) from the Directorate General of Civil Aviation (DGCA).
Indian stock indices soared to new heights on Wednesday, propelled by strong performances from banking stocks and stable macro-economic indicators. The Sensex achieved a historic milestone by crossing the 74,000 mark for the first time, settling at 74,085.99 points, marking a gain of 408.86 points, or 0.55 percent. Meanwhile, the Nifty closed at 22,474.05 points, rising by 117.75 points, or 0.53 percent. Notably, Nifty Bank and Nifty Private Bank emerged as the top gainers, witnessing increases ranging from 0.8 to 0.9 percent at the close.
Stock markets: Equity benchmark indices Sensex and Nifty hit fresh record highs on Thursday amid strong global cues. The 30-share BSE Sensex climbed 159.18 points to reach an all-time peak of 74,245.17 in early trade. The Nifty went up by 49.6 points to 22,523.65.
The Modi Cabinet on Thursday announced an increase in Dearness Allowance (DA) of Central government employees by four per cent to 50 per cent. The increased DA will be effective from January 1, 2024.
As Mahashivratri approaches on March 8th, several states across India have announced bank closures in observance of the festival. The decision to close banks during this period is determined by state governments in conjunction with the Reserve Bank of India (RBI). According to the RBI's holiday list for March, banks will be closed for a total of 14 days across various states.
The Reserve Bank of India (RBI) has issued a directive to JM Financial Products Limited (JMFPL) to immediately cease all forms of financing against shares and debentures. This included the sanction and disbursal of loans against Initial Public Offering (IPO) shares and subscriptions to debentures. However, the company is permitted to continue servicing its existing loan accounts through regular collection and recovery procedures.
Bitcoin, the world's most popular cryptocurrency, soared to a new all-time high on Tuesday, reaching a staggering price of $69,202. This milestone surpassed the previous peak of $68,999.99 recorded in November 2021, marking a significant uptrend in the cryptocurrency's value.
Gujarat: Reliance Industries Chairman and MD Mukesh Ambani on Tuesday offered prayers at the Dwarkadhish temple in Gujarat.
Stock markets update: For the second consecutive day, equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 229.04 points to 73,448.09. Meanwhile, the Nifty declined 63.15 points to 22,293.15. 
RBI guidelines: The Reserve Bank of India (RBI) on Wednesday issued new guidelines aimed at providing more options and flexibility for credit card customers. The central bank said card issuers must allow provide an option to their eligible customers to choose from multiple card networks at the time of issue.
A new airline 'Fly 91' on Wednesday received the Air Operator's Certificate (AOC) from the Directorate General of Civil Aviation (DGCA).
Indian stock indices soared to new heights on Wednesday, propelled by strong performances from banking stocks and stable macro-economic indicators. The Sensex achieved a historic milestone by crossing the 74,000 mark for the first time, settling at 74,085.99 points, marking a gain of 408.86 points, or 0.55 percent. Meanwhile, the Nifty closed at 22,474.05 points, rising by 117.75 points, or 0.53 percent. Notably, Nifty Bank and Nifty Private Bank emerged as the top gainers, witnessing increases ranging from 0.8 to 0.9 percent at the close.
Stock markets: Equity benchmark indices Sensex and Nifty hit fresh record highs on Thursday amid strong global cues. The 30-share BSE Sensex climbed 159.18 points to reach an all-time peak of 74,245.17 in early trade. The Nifty went up by 49.6 points to 22,523.65.
The Modi Cabinet on Thursday announced an increase in Dearness Allowance (DA) of Central government employees by four per cent to 50 per cent. The increased DA will be effective from January 1, 2024.
As Mahashivratri approaches on March 8th, several states across India have announced bank closures in observance of the festival. The decision to close banks during this period is determined by state governments in conjunction with the Reserve Bank of India (RBI). According to the RBI's holiday list for March, banks will be closed for a total of 14 days across various states.
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