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IndiaTV Business: Google News Feed: Digest for April 15, 2024

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Bank customers across India will face disruptions in banking services as banks are set to remain closed for five consecutive days this week due to a series of religious holidays and the weekend. Additionally, in some states, the holiday period extends into the following week, with Monday and Tuesday also designated as non-working days.
In March, Systematic Investment Plan (SIP) inflows hit a record high, reaching Rs 19,271 crore, as per data from the Association of Mutual Funds in India (AMFI). This surge in investments signifies a significant shift in India's financial landscape, from a nation known for its saving habits to one embracing investment opportunities, signalling a transformative phase in the country's financial sector.
Wipro, an IT service company, named Malay Joshi as Chief Executive Officer (CEO) for 'Americas 1' strategic market unit, effective immediately, according to a company release. Joshi succeeds Srinivas Pallia, who was appointed Wipro CEO recently. 
Digi Yatra, a system utilizing Facial Recognition Technology (FRT) for contactless and seamless passenger movement at airports, is set to expand its reach to 14 additional airports by the end of this month. Efforts are underway to enhance user experience through architectural adjustments, as stated by a senior executive. Presently, the service caters to nearly 5 million users across 14 domestic airports.
While the Sensex and Nifty are touching new highs, several stocks, including those in the small-cap space, have scaled to new peaks, and it is now time for quarterly earnings. Multibagger smallcap stock Teamo Productions, which was rechristened from GI Engineering last year, has announced its earnings for the fourth quarter. This is the first earnings release after the stock split, which took place in the third quarter of the financial year 2023–24. According to stock exchange data, Teamo Productions split each share into 10 shares. The share traded ex-split on December 14.
Consumption is one of the biggest components of the economy. As the country's robust economic performance stands out, the consumption story is bound to get a facelift. With the fast-moving consumer goods (FMCG) sector demonstrating a healthy outlook, credit rating agency CRISIL Ratings has re-affirmed its stable outlook on newly listed smallcap food trade stock HMA Agro Industries.
In today's trading session, the Indian stock market witnessed a decline, with the Sensex plummeting by 250 points and the Nifty slipping below the crucial 22,700 level, reflecting ongoing volatility and investor caution amidst global economic uncertainties. Despite the overall market downturn, Computer Age Management Services (CAMS) emerged as a standout performer, registering a significant surge of 4% in its share price, possibly fueled by positive investor sentiment or company-specific developments.
India's forex reserves jumped USD 2.98 billion to hit a fresh peak of USD 648.56 billion, RBI said on Friday (April 12).
India's retail inflation eased to 5-month low of 4.85 per cent in March mainly due to cooling food prices, according to official data released on Friday (April 12).
The government is going to start an online portal from April 15 to monitor the availability of the stock of pulses. According to Ministry of Consumer Affairs, Food and Public Distribution, the importers and traders of pulses have been instructed to accurately declare their stocks of pulses, including imported Yellow Peas, every week.
Bank customers across India will face disruptions in banking services as banks are set to remain closed for five consecutive days this week due to a series of religious holidays and the weekend. Additionally, in some states, the holiday period extends into the following week, with Monday and Tuesday also designated as non-working days.
In March, Systematic Investment Plan (SIP) inflows hit a record high, reaching Rs 19,271 crore, as per data from the Association of Mutual Funds in India (AMFI). This surge in investments signifies a significant shift in India's financial landscape, from a nation known for its saving habits to one embracing investment opportunities, signalling a transformative phase in the country's financial sector.
Wipro, an IT service company, named Malay Joshi as Chief Executive Officer (CEO) for 'Americas 1' strategic market unit, effective immediately, according to a company release. Joshi succeeds Srinivas Pallia, who was appointed Wipro CEO recently. 
Digi Yatra, a system utilizing Facial Recognition Technology (FRT) for contactless and seamless passenger movement at airports, is set to expand its reach to 14 additional airports by the end of this month. Efforts are underway to enhance user experience through architectural adjustments, as stated by a senior executive. Presently, the service caters to nearly 5 million users across 14 domestic airports.
While the Sensex and Nifty are touching new highs, several stocks, including those in the small-cap space, have scaled to new peaks, and it is now time for quarterly earnings. Multibagger smallcap stock Teamo Productions, which was rechristened from GI Engineering last year, has announced its earnings for the fourth quarter. This is the first earnings release after the stock split, which took place in the third quarter of the financial year 2023–24. According to stock exchange data, Teamo Productions split each share into 10 shares. The share traded ex-split on December 14.
Consumption is one of the biggest components of the economy. As the country's robust economic performance stands out, the consumption story is bound to get a facelift. With the fast-moving consumer goods (FMCG) sector demonstrating a healthy outlook, credit rating agency CRISIL Ratings has re-affirmed its stable outlook on newly listed smallcap food trade stock HMA Agro Industries.
In today's trading session, the Indian stock market witnessed a decline, with the Sensex plummeting by 250 points and the Nifty slipping below the crucial 22,700 level, reflecting ongoing volatility and investor caution amidst global economic uncertainties. Despite the overall market downturn, Computer Age Management Services (CAMS) emerged as a standout performer, registering a significant surge of 4% in its share price, possibly fueled by positive investor sentiment or company-specific developments.
India's forex reserves jumped USD 2.98 billion to hit a fresh peak of USD 648.56 billion, RBI said on Friday (April 12).
India's retail inflation eased to 5-month low of 4.85 per cent in March mainly due to cooling food prices, according to official data released on Friday (April 12).
The government is going to start an online portal from April 15 to monitor the availability of the stock of pulses. According to Ministry of Consumer Affairs, Food and Public Distribution, the importers and traders of pulses have been instructed to accurately declare their stocks of pulses, including imported Yellow Peas, every week.
In March, Systematic Investment Plan (SIP) inflows hit a record high, reaching Rs 19,271 crore, as per data from the Association of Mutual Funds in India (AMFI). This surge in investments signifies a significant shift in India's financial landscape, from a nation known for its saving habits to one embracing investment opportunities, signalling a transformative phase in the country's financial sector.
Wipro, an IT service company, named Malay Joshi as Chief Executive Officer (CEO) for 'Americas 1' strategic market unit, effective immediately, according to a company release. Joshi succeeds Srinivas Pallia, who was appointed Wipro CEO recently. 
Digi Yatra, a system utilizing Facial Recognition Technology (FRT) for contactless and seamless passenger movement at airports, is set to expand its reach to 14 additional airports by the end of this month. Efforts are underway to enhance user experience through architectural adjustments, as stated by a senior executive. Presently, the service caters to nearly 5 million users across 14 domestic airports.
While the Sensex and Nifty are touching new highs, several stocks, including those in the small-cap space, have scaled to new peaks, and it is now time for quarterly earnings. Multibagger smallcap stock Teamo Productions, which was rechristened from GI Engineering last year, has announced its earnings for the fourth quarter. This is the first earnings release after the stock split, which took place in the third quarter of the financial year 2023–24. According to stock exchange data, Teamo Productions split each share into 10 shares. The share traded ex-split on December 14.
Consumption is one of the biggest components of the economy. As the country's robust economic performance stands out, the consumption story is bound to get a facelift. With the fast-moving consumer goods (FMCG) sector demonstrating a healthy outlook, credit rating agency CRISIL Ratings has re-affirmed its stable outlook on newly listed smallcap food trade stock HMA Agro Industries.
In today's trading session, the Indian stock market witnessed a decline, with the Sensex plummeting by 250 points and the Nifty slipping below the crucial 22,700 level, reflecting ongoing volatility and investor caution amidst global economic uncertainties. Despite the overall market downturn, Computer Age Management Services (CAMS) emerged as a standout performer, registering a significant surge of 4% in its share price, possibly fueled by positive investor sentiment or company-specific developments.
India's forex reserves jumped USD 2.98 billion to hit a fresh peak of USD 648.56 billion, RBI said on Friday (April 12).
India's retail inflation eased to 5-month low of 4.85 per cent in March mainly due to cooling food prices, according to official data released on Friday (April 12).
The government is going to start an online portal from April 15 to monitor the availability of the stock of pulses. According to Ministry of Consumer Affairs, Food and Public Distribution, the importers and traders of pulses have been instructed to accurately declare their stocks of pulses, including imported Yellow Peas, every week.

Automobile exports from India dip 5.5 per cent in FY24

Sunday 14 April 2024 06:35 AM UTC+00
Automobile exports from India declined 5.5 per cent in FY24 due to the monetary crisis in various overseas markets, according to the latest data shared by industry body SIAM. Overall exports stood at 45,00,492 units in the last fiscal compared to 47,61,299 units in FY23.
In March, Systematic Investment Plan (SIP) inflows hit a record high, reaching Rs 19,271 crore, as per data from the Association of Mutual Funds in India (AMFI). This surge in investments signifies a significant shift in India's financial landscape, from a nation known for its saving habits to one embracing investment opportunities, signalling a transformative phase in the country's financial sector.
Wipro, an IT service company, named Malay Joshi as Chief Executive Officer (CEO) for 'Americas 1' strategic market unit, effective immediately, according to a company release. Joshi succeeds Srinivas Pallia, who was appointed Wipro CEO recently. 
Digi Yatra, a system utilizing Facial Recognition Technology (FRT) for contactless and seamless passenger movement at airports, is set to expand its reach to 14 additional airports by the end of this month. Efforts are underway to enhance user experience through architectural adjustments, as stated by a senior executive. Presently, the service caters to nearly 5 million users across 14 domestic airports.
While the Sensex and Nifty are touching new highs, several stocks, including those in the small-cap space, have scaled to new peaks, and it is now time for quarterly earnings. Multibagger smallcap stock Teamo Productions, which was rechristened from GI Engineering last year, has announced its earnings for the fourth quarter. This is the first earnings release after the stock split, which took place in the third quarter of the financial year 2023–24. According to stock exchange data, Teamo Productions split each share into 10 shares. The share traded ex-split on December 14.
Consumption is one of the biggest components of the economy. As the country's robust economic performance stands out, the consumption story is bound to get a facelift. With the fast-moving consumer goods (FMCG) sector demonstrating a healthy outlook, credit rating agency CRISIL Ratings has re-affirmed its stable outlook on newly listed smallcap food trade stock HMA Agro Industries.
In today's trading session, the Indian stock market witnessed a decline, with the Sensex plummeting by 250 points and the Nifty slipping below the crucial 22,700 level, reflecting ongoing volatility and investor caution amidst global economic uncertainties. Despite the overall market downturn, Computer Age Management Services (CAMS) emerged as a standout performer, registering a significant surge of 4% in its share price, possibly fueled by positive investor sentiment or company-specific developments.
India's forex reserves jumped USD 2.98 billion to hit a fresh peak of USD 648.56 billion, RBI said on Friday (April 12).
India's retail inflation eased to 5-month low of 4.85 per cent in March mainly due to cooling food prices, according to official data released on Friday (April 12).
The government is going to start an online portal from April 15 to monitor the availability of the stock of pulses. According to Ministry of Consumer Affairs, Food and Public Distribution, the importers and traders of pulses have been instructed to accurately declare their stocks of pulses, including imported Yellow Peas, every week.

Automobile exports from India dip 5.5 per cent in FY24

Sunday 14 April 2024 06:35 AM UTC+00
Automobile exports from India declined 5.5 per cent in FY24 due to the monetary crisis in various overseas markets, according to the latest data shared by industry body SIAM. Overall exports stood at 45,00,492 units in the last fiscal compared to 47,61,299 units in FY23.
In March, Systematic Investment Plan (SIP) inflows hit a record high, reaching Rs 19,271 crore, as per data from the Association of Mutual Funds in India (AMFI). This surge in investments signifies a significant shift in India's financial landscape, from a nation known for its saving habits to one embracing investment opportunities, signalling a transformative phase in the country's financial sector.
Wipro, an IT service company, named Malay Joshi as Chief Executive Officer (CEO) for 'Americas 1' strategic market unit, effective immediately, according to a company release. Joshi succeeds Srinivas Pallia, who was appointed Wipro CEO recently. 
Digi Yatra, a system utilizing Facial Recognition Technology (FRT) for contactless and seamless passenger movement at airports, is set to expand its reach to 14 additional airports by the end of this month. Efforts are underway to enhance user experience through architectural adjustments, as stated by a senior executive. Presently, the service caters to nearly 5 million users across 14 domestic airports.
While the Sensex and Nifty are touching new highs, several stocks, including those in the small-cap space, have scaled to new peaks, and it is now time for quarterly earnings. Multibagger smallcap stock Teamo Productions, which was rechristened from GI Engineering last year, has announced its earnings for the fourth quarter. This is the first earnings release after the stock split, which took place in the third quarter of the financial year 2023–24. According to stock exchange data, Teamo Productions split each share into 10 shares. The share traded ex-split on December 14.
Consumption is one of the biggest components of the economy. As the country's robust economic performance stands out, the consumption story is bound to get a facelift. With the fast-moving consumer goods (FMCG) sector demonstrating a healthy outlook, credit rating agency CRISIL Ratings has re-affirmed its stable outlook on newly listed smallcap food trade stock HMA Agro Industries.
In today's trading session, the Indian stock market witnessed a decline, with the Sensex plummeting by 250 points and the Nifty slipping below the crucial 22,700 level, reflecting ongoing volatility and investor caution amidst global economic uncertainties. Despite the overall market downturn, Computer Age Management Services (CAMS) emerged as a standout performer, registering a significant surge of 4% in its share price, possibly fueled by positive investor sentiment or company-specific developments.
India's forex reserves jumped USD 2.98 billion to hit a fresh peak of USD 648.56 billion, RBI said on Friday (April 12).
India's retail inflation eased to 5-month low of 4.85 per cent in March mainly due to cooling food prices, according to official data released on Friday (April 12).
The government is going to start an online portal from April 15 to monitor the availability of the stock of pulses. According to Ministry of Consumer Affairs, Food and Public Distribution, the importers and traders of pulses have been instructed to accurately declare their stocks of pulses, including imported Yellow Peas, every week.

Automobile exports from India dip 5.5 per cent in FY24

Sunday 14 April 2024 06:35 AM UTC+00
Automobile exports from India declined 5.5 per cent in FY24 due to the monetary crisis in various overseas markets, according to the latest data shared by industry body SIAM. Overall exports stood at 45,00,492 units in the last fiscal compared to 47,61,299 units in FY23.
In March, Systematic Investment Plan (SIP) inflows hit a record high, reaching Rs 19,271 crore, as per data from the Association of Mutual Funds in India (AMFI). This surge in investments signifies a significant shift in India's financial landscape, from a nation known for its saving habits to one embracing investment opportunities, signalling a transformative phase in the country's financial sector.
Wipro, an IT service company, named Malay Joshi as Chief Executive Officer (CEO) for 'Americas 1' strategic market unit, effective immediately, according to a company release. Joshi succeeds Srinivas Pallia, who was appointed Wipro CEO recently. 
Digi Yatra, a system utilizing Facial Recognition Technology (FRT) for contactless and seamless passenger movement at airports, is set to expand its reach to 14 additional airports by the end of this month. Efforts are underway to enhance user experience through architectural adjustments, as stated by a senior executive. Presently, the service caters to nearly 5 million users across 14 domestic airports.
While the Sensex and Nifty are touching new highs, several stocks, including those in the small-cap space, have scaled to new peaks, and it is now time for quarterly earnings. Multibagger smallcap stock Teamo Productions, which was rechristened from GI Engineering last year, has announced its earnings for the fourth quarter. This is the first earnings release after the stock split, which took place in the third quarter of the financial year 2023–24. According to stock exchange data, Teamo Productions split each share into 10 shares. The share traded ex-split on December 14.
Consumption is one of the biggest components of the economy. As the country's robust economic performance stands out, the consumption story is bound to get a facelift. With the fast-moving consumer goods (FMCG) sector demonstrating a healthy outlook, credit rating agency CRISIL Ratings has re-affirmed its stable outlook on newly listed smallcap food trade stock HMA Agro Industries.
In today's trading session, the Indian stock market witnessed a decline, with the Sensex plummeting by 250 points and the Nifty slipping below the crucial 22,700 level, reflecting ongoing volatility and investor caution amidst global economic uncertainties. Despite the overall market downturn, Computer Age Management Services (CAMS) emerged as a standout performer, registering a significant surge of 4% in its share price, possibly fueled by positive investor sentiment or company-specific developments.
India's forex reserves jumped USD 2.98 billion to hit a fresh peak of USD 648.56 billion, RBI said on Friday (April 12).
India's retail inflation eased to 5-month low of 4.85 per cent in March mainly due to cooling food prices, according to official data released on Friday (April 12).
The government is going to start an online portal from April 15 to monitor the availability of the stock of pulses. According to Ministry of Consumer Affairs, Food and Public Distribution, the importers and traders of pulses have been instructed to accurately declare their stocks of pulses, including imported Yellow Peas, every week.

Automobile exports from India dip 5.5 per cent in FY24

Sunday 14 April 2024 06:35 AM UTC+00
Automobile exports from India declined 5.5 per cent in FY24 due to the monetary crisis in various overseas markets, according to the latest data shared by industry body SIAM. Overall exports stood at 45,00,492 units in the last fiscal compared to 47,61,299 units in FY23.
In March, Systematic Investment Plan (SIP) inflows hit a record high, reaching Rs 19,271 crore, as per data from the Association of Mutual Funds in India (AMFI). This surge in investments signifies a significant shift in India's financial landscape, from a nation known for its saving habits to one embracing investment opportunities, signalling a transformative phase in the country's financial sector.
Wipro, an IT service company, named Malay Joshi as Chief Executive Officer (CEO) for 'Americas 1' strategic market unit, effective immediately, according to a company release. Joshi succeeds Srinivas Pallia, who was appointed Wipro CEO recently. 
Digi Yatra, a system utilizing Facial Recognition Technology (FRT) for contactless and seamless passenger movement at airports, is set to expand its reach to 14 additional airports by the end of this month. Efforts are underway to enhance user experience through architectural adjustments, as stated by a senior executive. Presently, the service caters to nearly 5 million users across 14 domestic airports.
While the Sensex and Nifty are touching new highs, several stocks, including those in the small-cap space, have scaled to new peaks, and it is now time for quarterly earnings. Multibagger smallcap stock Teamo Productions, which was rechristened from GI Engineering last year, has announced its earnings for the fourth quarter. This is the first earnings release after the stock split, which took place in the third quarter of the financial year 2023–24. According to stock exchange data, Teamo Productions split each share into 10 shares. The share traded ex-split on December 14.
Consumption is one of the biggest components of the economy. As the country's robust economic performance stands out, the consumption story is bound to get a facelift. With the fast-moving consumer goods (FMCG) sector demonstrating a healthy outlook, credit rating agency CRISIL Ratings has re-affirmed its stable outlook on newly listed smallcap food trade stock HMA Agro Industries.
In today's trading session, the Indian stock market witnessed a decline, with the Sensex plummeting by 250 points and the Nifty slipping below the crucial 22,700 level, reflecting ongoing volatility and investor caution amidst global economic uncertainties. Despite the overall market downturn, Computer Age Management Services (CAMS) emerged as a standout performer, registering a significant surge of 4% in its share price, possibly fueled by positive investor sentiment or company-specific developments.
India's forex reserves jumped USD 2.98 billion to hit a fresh peak of USD 648.56 billion, RBI said on Friday (April 12).
India's retail inflation eased to 5-month low of 4.85 per cent in March mainly due to cooling food prices, according to official data released on Friday (April 12).
The government is going to start an online portal from April 15 to monitor the availability of the stock of pulses. According to Ministry of Consumer Affairs, Food and Public Distribution, the importers and traders of pulses have been instructed to accurately declare their stocks of pulses, including imported Yellow Peas, every week.

Automobile exports from India dip 5.5 per cent in FY24

Sunday 14 April 2024 06:35 AM UTC+00
Automobile exports from India declined 5.5 per cent in FY24 due to the monetary crisis in various overseas markets, according to the latest data shared by industry body SIAM. Overall exports stood at 45,00,492 units in the last fiscal compared to 47,61,299 units in FY23.
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