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IndiaTV Business: Google News Feed: Digest for April 19, 2024

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Ed-tech giant BYJU's CEO Arjun Mohan resigned after a six-months stint at the company following which founder Byju Raveendran will take over the firm's day-to-day operations, the company said on Monday.
Delhi Airport: The Indira Gandhi International airport in New Delhi has been announced as amongst the top ten busiest airports in the world in 2023, according to Airports Council International (ACI). The Delhi airport was witness to nearly 7,22,14,841 passengers in 2023 and bagged the 10th spot in the world. The airport was ranked the 9th spot in 2022 and 17th in 2019, according to the data.
The demand for luxury properties has gone up significantly in recent years. According to a survey by CBRE, the sales of luxury homes in the country, priced at Rs 4 crore and above, surged by 75 per cent last year. The growth of affluent millennial buyers for living spaces that blend perfectly aesthetics, functionality, and sustainability is changing the market dynamics. This revolution, however, requires an innovative element for both construction and marketing.

Sensex plunges 550 points, Nifty dips below 22,150 mark

Tuesday 16 April 2024 03:58 AM UTC+00
In early trade on Tuesday, equity benchmark indices extended their decline, driven by concerns over escalating tensions in the Middle East and subdued global cues. Foreign fund outflows and a rise in Brent crude oil prices added to the apprehension among investors.
Business news: Zomato, online food delivery platform, on Tuesday (April 16) introduced India's first large order fleet, aiming to serve orders for a large gathering of up to 50 people for group events including parties. The announcement was made by the company's CEO Deepinder Goyal on X where he said that an "all-electric fleet" will be used to deliver the large orders. Such orders were earlier delivered by multiple regular fleet delivery partners, which led to a below ideal customer experience.
The International Monetary Fund (IMF) on Tuesday raised India's growth forecast to 6.8 per cent, up from its previous estimate of 6.5 per cent in January this year. The revision is attributed to strong domestic demand and a growing working-age population. India maintains its position as the world's fastest-growing economy, surpassing China's growth projection of 4.6 per cent for the same period. 
Aiming to boost the payment ecosystem, The Reserve Bank of India (RBI) on Tuesday issued draft guidelines to further strengthen regulations on payment aggregators. 
New Delhi: One97 Communications Limited (OCL), which owns the brand Paytm, has initiated the migration process of its customers to Payment System Provider (PSP) banks Axis Bank, HDFC Bank, SBI and Yes Bank, the company said in a statement on Wednesday. The migration process was initiated after receiving the nod from the National Payment Corporation of India (NPCI).
In an unusual incident, several passengers travelling with SpiceJet encountered difficulties at Bagdogra airport in West Bengal when they discovered that their luggage had been inadvertently left behind in Delhi. Following this, SpiceJet assured passengers that the offloaded baggage would be promptly connected to subsequent flights and expressed regret for any inconvenience caused.
New Delhi: Billionaire Gautam Adani and his family have infused an additional Rs 8,339 crore in Ambuja Cements, raising its stake in the company to 70.3 per cent, the company said in a statement. The Adani family previously invested Rs 5,000 crore in the company on October 18, 2022, and Rs 6,661 crore on March 28, 2024. With the latest investment, it has completed Rs 20,000 crore planned infusion.
The demand for luxury properties has gone up significantly in recent years. According to a survey by CBRE, the sales of luxury homes in the country, priced at Rs 4 crore and above, surged by 75 per cent last year. The growth of affluent millennial buyers for living spaces that blend perfectly aesthetics, functionality, and sustainability is changing the market dynamics. This revolution, however, requires an innovative element for both construction and marketing.

Sensex plunges 550 points, Nifty dips below 22,150 mark

Tuesday 16 April 2024 03:58 AM UTC+00
In early trade on Tuesday, equity benchmark indices extended their decline, driven by concerns over escalating tensions in the Middle East and subdued global cues. Foreign fund outflows and a rise in Brent crude oil prices added to the apprehension among investors.
Business news: Zomato, online food delivery platform, on Tuesday (April 16) introduced India's first large order fleet, aiming to serve orders for a large gathering of up to 50 people for group events including parties. The announcement was made by the company's CEO Deepinder Goyal on X where he said that an "all-electric fleet" will be used to deliver the large orders. Such orders were earlier delivered by multiple regular fleet delivery partners, which led to a below ideal customer experience.
The International Monetary Fund (IMF) on Tuesday raised India's growth forecast to 6.8 per cent, up from its previous estimate of 6.5 per cent in January this year. The revision is attributed to strong domestic demand and a growing working-age population. India maintains its position as the world's fastest-growing economy, surpassing China's growth projection of 4.6 per cent for the same period. 
Aiming to boost the payment ecosystem, The Reserve Bank of India (RBI) on Tuesday issued draft guidelines to further strengthen regulations on payment aggregators. 
New Delhi: One97 Communications Limited (OCL), which owns the brand Paytm, has initiated the migration process of its customers to Payment System Provider (PSP) banks Axis Bank, HDFC Bank, SBI and Yes Bank, the company said in a statement on Wednesday. The migration process was initiated after receiving the nod from the National Payment Corporation of India (NPCI).
In an unusual incident, several passengers travelling with SpiceJet encountered difficulties at Bagdogra airport in West Bengal when they discovered that their luggage had been inadvertently left behind in Delhi. Following this, SpiceJet assured passengers that the offloaded baggage would be promptly connected to subsequent flights and expressed regret for any inconvenience caused.
New Delhi: Billionaire Gautam Adani and his family have infused an additional Rs 8,339 crore in Ambuja Cements, raising its stake in the company to 70.3 per cent, the company said in a statement. The Adani family previously invested Rs 5,000 crore in the company on October 18, 2022, and Rs 6,661 crore on March 28, 2024. With the latest investment, it has completed Rs 20,000 crore planned infusion.
After bonus shares issuance in January this year, LIC-backed FMCG giant Integra Essentia has reported strong quarterly numbers in the fourth quarter (Q4) that ended on March 31, 2024.
The Indian stock market opened with a gap-up, indicating a rise. After remaining closed on the occasion of Ram Navami yesterday, the market saw a swift opening with gains following a day of holiday. The BSE Sensex commenced at 73,183 levels, marking a rise of 239.42 points or 0.33%. Similarly, the NSE Nifty opened at 22,212 levels, reflecting an increase of 64.45 points or 0.29%.
Business news: Zomato, online food delivery platform, on Tuesday (April 16) introduced India's first large order fleet, aiming to serve orders for a large gathering of up to 50 people for group events including parties. The announcement was made by the company's CEO Deepinder Goyal on X where he said that an "all-electric fleet" will be used to deliver the large orders. Such orders were earlier delivered by multiple regular fleet delivery partners, which led to a below ideal customer experience.
The International Monetary Fund (IMF) on Tuesday raised India's growth forecast to 6.8 per cent, up from its previous estimate of 6.5 per cent in January this year. The revision is attributed to strong domestic demand and a growing working-age population. India maintains its position as the world's fastest-growing economy, surpassing China's growth projection of 4.6 per cent for the same period. 
Aiming to boost the payment ecosystem, The Reserve Bank of India (RBI) on Tuesday issued draft guidelines to further strengthen regulations on payment aggregators. 
New Delhi: One97 Communications Limited (OCL), which owns the brand Paytm, has initiated the migration process of its customers to Payment System Provider (PSP) banks Axis Bank, HDFC Bank, SBI and Yes Bank, the company said in a statement on Wednesday. The migration process was initiated after receiving the nod from the National Payment Corporation of India (NPCI).
In an unusual incident, several passengers travelling with SpiceJet encountered difficulties at Bagdogra airport in West Bengal when they discovered that their luggage had been inadvertently left behind in Delhi. Following this, SpiceJet assured passengers that the offloaded baggage would be promptly connected to subsequent flights and expressed regret for any inconvenience caused.
New Delhi: Billionaire Gautam Adani and his family have infused an additional Rs 8,339 crore in Ambuja Cements, raising its stake in the company to 70.3 per cent, the company said in a statement. The Adani family previously invested Rs 5,000 crore in the company on October 18, 2022, and Rs 6,661 crore on March 28, 2024. With the latest investment, it has completed Rs 20,000 crore planned infusion.
After bonus shares issuance in January this year, LIC-backed FMCG giant Integra Essentia has reported strong quarterly numbers in the fourth quarter (Q4) that ended on March 31, 2024.
The Indian stock market opened with a gap-up, indicating a rise. After remaining closed on the occasion of Ram Navami yesterday, the market saw a swift opening with gains following a day of holiday. The BSE Sensex commenced at 73,183 levels, marking a rise of 239.42 points or 0.33%. Similarly, the NSE Nifty opened at 22,212 levels, reflecting an increase of 64.45 points or 0.29%.
In a significant move, tech giant Google has declared plans for major restructuring, potentially leading to employee layoffs. The company's chief financial officer, Ruth Porat, conveyed this message to employees via a memo, CNBC reported. According to the memo, Ruth Porat addressed the ongoing platform shift in the tech sector, particularly with the emergence of Artificial Intelligence (AI). She emphasised the opportunity to develop more helpful products for users and faster solutions for customers. However, Porat acknowledged the necessity for tough decisions, including adjustments in work locations to align with priority areas.
As the Lok Sabha Election 2024 is set to kick off on April 19 and culminate with results announced on June 4, 2024, several cities will witness bank closures on the first day of polling. Several cities across India will observe bank closures, in alignment with the Reserve Bank of India's (RBI) holiday calendar for the year. This measure is taken to ensure citizens' participation in the electoral process without disruption to essential services.
Business news: Zomato, online food delivery platform, on Tuesday (April 16) introduced India's first large order fleet, aiming to serve orders for a large gathering of up to 50 people for group events including parties. The announcement was made by the company's CEO Deepinder Goyal on X where he said that an "all-electric fleet" will be used to deliver the large orders. Such orders were earlier delivered by multiple regular fleet delivery partners, which led to a below ideal customer experience.
The International Monetary Fund (IMF) on Tuesday raised India's growth forecast to 6.8 per cent, up from its previous estimate of 6.5 per cent in January this year. The revision is attributed to strong domestic demand and a growing working-age population. India maintains its position as the world's fastest-growing economy, surpassing China's growth projection of 4.6 per cent for the same period. 
Aiming to boost the payment ecosystem, The Reserve Bank of India (RBI) on Tuesday issued draft guidelines to further strengthen regulations on payment aggregators. 
New Delhi: One97 Communications Limited (OCL), which owns the brand Paytm, has initiated the migration process of its customers to Payment System Provider (PSP) banks Axis Bank, HDFC Bank, SBI and Yes Bank, the company said in a statement on Wednesday. The migration process was initiated after receiving the nod from the National Payment Corporation of India (NPCI).
In an unusual incident, several passengers travelling with SpiceJet encountered difficulties at Bagdogra airport in West Bengal when they discovered that their luggage had been inadvertently left behind in Delhi. Following this, SpiceJet assured passengers that the offloaded baggage would be promptly connected to subsequent flights and expressed regret for any inconvenience caused.
New Delhi: Billionaire Gautam Adani and his family have infused an additional Rs 8,339 crore in Ambuja Cements, raising its stake in the company to 70.3 per cent, the company said in a statement. The Adani family previously invested Rs 5,000 crore in the company on October 18, 2022, and Rs 6,661 crore on March 28, 2024. With the latest investment, it has completed Rs 20,000 crore planned infusion.
After bonus shares issuance in January this year, LIC-backed FMCG giant Integra Essentia has reported strong quarterly numbers in the fourth quarter (Q4) that ended on March 31, 2024.
The Indian stock market opened with a gap-up, indicating a rise. After remaining closed on the occasion of Ram Navami yesterday, the market saw a swift opening with gains following a day of holiday. The BSE Sensex commenced at 73,183 levels, marking a rise of 239.42 points or 0.33%. Similarly, the NSE Nifty opened at 22,212 levels, reflecting an increase of 64.45 points or 0.29%.
In a significant move, tech giant Google has declared plans for major restructuring, potentially leading to employee layoffs. The company's chief financial officer, Ruth Porat, conveyed this message to employees via a memo, CNBC reported. According to the memo, Ruth Porat addressed the ongoing platform shift in the tech sector, particularly with the emergence of Artificial Intelligence (AI). She emphasised the opportunity to develop more helpful products for users and faster solutions for customers. However, Porat acknowledged the necessity for tough decisions, including adjustments in work locations to align with priority areas.
As the Lok Sabha Election 2024 is set to kick off on April 19 and culminate with results announced on June 4, 2024, several cities will witness bank closures on the first day of polling. Several cities across India will observe bank closures, in alignment with the Reserve Bank of India's (RBI) holiday calendar for the year. This measure is taken to ensure citizens' participation in the electoral process without disruption to essential services.
Aiming to boost the payment ecosystem, The Reserve Bank of India (RBI) on Tuesday issued draft guidelines to further strengthen regulations on payment aggregators. 
New Delhi: One97 Communications Limited (OCL), which owns the brand Paytm, has initiated the migration process of its customers to Payment System Provider (PSP) banks Axis Bank, HDFC Bank, SBI and Yes Bank, the company said in a statement on Wednesday. The migration process was initiated after receiving the nod from the National Payment Corporation of India (NPCI).
In an unusual incident, several passengers travelling with SpiceJet encountered difficulties at Bagdogra airport in West Bengal when they discovered that their luggage had been inadvertently left behind in Delhi. Following this, SpiceJet assured passengers that the offloaded baggage would be promptly connected to subsequent flights and expressed regret for any inconvenience caused.
New Delhi: Billionaire Gautam Adani and his family have infused an additional Rs 8,339 crore in Ambuja Cements, raising its stake in the company to 70.3 per cent, the company said in a statement. The Adani family previously invested Rs 5,000 crore in the company on October 18, 2022, and Rs 6,661 crore on March 28, 2024. With the latest investment, it has completed Rs 20,000 crore planned infusion.
After bonus shares issuance in January this year, LIC-backed FMCG giant Integra Essentia has reported strong quarterly numbers in the fourth quarter (Q4) that ended on March 31, 2024.
The Indian stock market opened with a gap-up, indicating a rise. After remaining closed on the occasion of Ram Navami yesterday, the market saw a swift opening with gains following a day of holiday. The BSE Sensex commenced at 73,183 levels, marking a rise of 239.42 points or 0.33%. Similarly, the NSE Nifty opened at 22,212 levels, reflecting an increase of 64.45 points or 0.29%.
In a significant move, tech giant Google has declared plans for major restructuring, potentially leading to employee layoffs. The company's chief financial officer, Ruth Porat, conveyed this message to employees via a memo, CNBC reported. According to the memo, Ruth Porat addressed the ongoing platform shift in the tech sector, particularly with the emergence of Artificial Intelligence (AI). She emphasised the opportunity to develop more helpful products for users and faster solutions for customers. However, Porat acknowledged the necessity for tough decisions, including adjustments in work locations to align with priority areas.
As the Lok Sabha Election 2024 is set to kick off on April 19 and culminate with results announced on June 4, 2024, several cities will witness bank closures on the first day of polling. Several cities across India will observe bank closures, in alignment with the Reserve Bank of India's (RBI) holiday calendar for the year. This measure is taken to ensure citizens' participation in the electoral process without disruption to essential services.
Equity benchmark indices Sensex and Nifty extended their losing streak to the fourth straight session and settled lower on Thursday amid heavy volatility triggered by selling in banking stocks and unabated outflow of foreign funds. Fading expectations of an immediate interest rate cut by the US Federal Reserve as well as escalating geopolitical tensions also dampened investors' sentiment.
In a significant development, Air India is set to introduce its A350 aircraft on the Delhi-Dubai route from May 1, signalling the Tata Group airline's debut of the wide-body plane for international flights. "Operating as AI995/996, the aircraft is scheduled to depart Delhi daily at 20:45 hours, arriving at 22:45 hours in Dubai," the airline said in a release on Thursday.
New Delhi: One97 Communications Limited (OCL), which owns the brand Paytm, has initiated the migration process of its customers to Payment System Provider (PSP) banks Axis Bank, HDFC Bank, SBI and Yes Bank, the company said in a statement on Wednesday. The migration process was initiated after receiving the nod from the National Payment Corporation of India (NPCI).
In an unusual incident, several passengers travelling with SpiceJet encountered difficulties at Bagdogra airport in West Bengal when they discovered that their luggage had been inadvertently left behind in Delhi. Following this, SpiceJet assured passengers that the offloaded baggage would be promptly connected to subsequent flights and expressed regret for any inconvenience caused.
New Delhi: Billionaire Gautam Adani and his family have infused an additional Rs 8,339 crore in Ambuja Cements, raising its stake in the company to 70.3 per cent, the company said in a statement. The Adani family previously invested Rs 5,000 crore in the company on October 18, 2022, and Rs 6,661 crore on March 28, 2024. With the latest investment, it has completed Rs 20,000 crore planned infusion.
After bonus shares issuance in January this year, LIC-backed FMCG giant Integra Essentia has reported strong quarterly numbers in the fourth quarter (Q4) that ended on March 31, 2024.
The Indian stock market opened with a gap-up, indicating a rise. After remaining closed on the occasion of Ram Navami yesterday, the market saw a swift opening with gains following a day of holiday. The BSE Sensex commenced at 73,183 levels, marking a rise of 239.42 points or 0.33%. Similarly, the NSE Nifty opened at 22,212 levels, reflecting an increase of 64.45 points or 0.29%.
In a significant move, tech giant Google has declared plans for major restructuring, potentially leading to employee layoffs. The company's chief financial officer, Ruth Porat, conveyed this message to employees via a memo, CNBC reported. According to the memo, Ruth Porat addressed the ongoing platform shift in the tech sector, particularly with the emergence of Artificial Intelligence (AI). She emphasised the opportunity to develop more helpful products for users and faster solutions for customers. However, Porat acknowledged the necessity for tough decisions, including adjustments in work locations to align with priority areas.
As the Lok Sabha Election 2024 is set to kick off on April 19 and culminate with results announced on June 4, 2024, several cities will witness bank closures on the first day of polling. Several cities across India will observe bank closures, in alignment with the Reserve Bank of India's (RBI) holiday calendar for the year. This measure is taken to ensure citizens' participation in the electoral process without disruption to essential services.
Equity benchmark indices Sensex and Nifty extended their losing streak to the fourth straight session and settled lower on Thursday amid heavy volatility triggered by selling in banking stocks and unabated outflow of foreign funds. Fading expectations of an immediate interest rate cut by the US Federal Reserve as well as escalating geopolitical tensions also dampened investors' sentiment.
In a significant development, Air India is set to introduce its A350 aircraft on the Delhi-Dubai route from May 1, signalling the Tata Group airline's debut of the wide-body plane for international flights. "Operating as AI995/996, the aircraft is scheduled to depart Delhi daily at 20:45 hours, arriving at 22:45 hours in Dubai," the airline said in a release on Thursday.
Elon Musk India visit: Days ahead of tech billionaire Elon Musk's India visit, an advisor representing Tesla, the electric car manufacturer, participated in a stakeholders' meeting focused on India's newly formulated Electric Vehicles policy on Thursday, sources said.
New Delhi: One97 Communications Limited (OCL), which owns the brand Paytm, has initiated the migration process of its customers to Payment System Provider (PSP) banks Axis Bank, HDFC Bank, SBI and Yes Bank, the company said in a statement on Wednesday. The migration process was initiated after receiving the nod from the National Payment Corporation of India (NPCI).
In an unusual incident, several passengers travelling with SpiceJet encountered difficulties at Bagdogra airport in West Bengal when they discovered that their luggage had been inadvertently left behind in Delhi. Following this, SpiceJet assured passengers that the offloaded baggage would be promptly connected to subsequent flights and expressed regret for any inconvenience caused.
New Delhi: Billionaire Gautam Adani and his family have infused an additional Rs 8,339 crore in Ambuja Cements, raising its stake in the company to 70.3 per cent, the company said in a statement. The Adani family previously invested Rs 5,000 crore in the company on October 18, 2022, and Rs 6,661 crore on March 28, 2024. With the latest investment, it has completed Rs 20,000 crore planned infusion.
After bonus shares issuance in January this year, LIC-backed FMCG giant Integra Essentia has reported strong quarterly numbers in the fourth quarter (Q4) that ended on March 31, 2024.
The Indian stock market opened with a gap-up, indicating a rise. After remaining closed on the occasion of Ram Navami yesterday, the market saw a swift opening with gains following a day of holiday. The BSE Sensex commenced at 73,183 levels, marking a rise of 239.42 points or 0.33%. Similarly, the NSE Nifty opened at 22,212 levels, reflecting an increase of 64.45 points or 0.29%.
In a significant move, tech giant Google has declared plans for major restructuring, potentially leading to employee layoffs. The company's chief financial officer, Ruth Porat, conveyed this message to employees via a memo, CNBC reported. According to the memo, Ruth Porat addressed the ongoing platform shift in the tech sector, particularly with the emergence of Artificial Intelligence (AI). She emphasised the opportunity to develop more helpful products for users and faster solutions for customers. However, Porat acknowledged the necessity for tough decisions, including adjustments in work locations to align with priority areas.
As the Lok Sabha Election 2024 is set to kick off on April 19 and culminate with results announced on June 4, 2024, several cities will witness bank closures on the first day of polling. Several cities across India will observe bank closures, in alignment with the Reserve Bank of India's (RBI) holiday calendar for the year. This measure is taken to ensure citizens' participation in the electoral process without disruption to essential services.
Equity benchmark indices Sensex and Nifty extended their losing streak to the fourth straight session and settled lower on Thursday amid heavy volatility triggered by selling in banking stocks and unabated outflow of foreign funds. Fading expectations of an immediate interest rate cut by the US Federal Reserve as well as escalating geopolitical tensions also dampened investors' sentiment.
In a significant development, Air India is set to introduce its A350 aircraft on the Delhi-Dubai route from May 1, signalling the Tata Group airline's debut of the wide-body plane for international flights. "Operating as AI995/996, the aircraft is scheduled to depart Delhi daily at 20:45 hours, arriving at 22:45 hours in Dubai," the airline said in a release on Thursday.
Elon Musk India visit: Days ahead of tech billionaire Elon Musk's India visit, an advisor representing Tesla, the electric car manufacturer, participated in a stakeholders' meeting focused on India's newly formulated Electric Vehicles policy on Thursday, sources said.
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