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

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The Noida International Airport has started calibrating the ground-based radio navigation system at the greenfield facility this week with a maiden turboprop aircraft flight. The airport, located at Jewar, around 75 km from Delhi, is scheduled to start commercial operations by the end of 2024.
New Delhi: Tesla CEO Elon Musk has postponed a planned trip to India where he was scheduled to meet Prime Minister Narendra Modi on Monday and announce plans to enter the South Asian market, three people familiar with the matter told Reuters on Saturday. It is unclear why Musk postponed the trip as Tesla and PMO did not immediately respond to requests for comment.
Hybrid mutual fund schemes have seen a resurgence in 2023-24, garnering Rs 1.45 lakh crore in investments, driven by substantial inflows into the arbitrage category, following withdrawals in the previous fiscal year. The surge in assets was complemented by an increase in the number of investors, with the number of folios reaching 1.35 crore in March 2024 from 1.21 crore a year earlier, adding an investor base of 14 lakh. This shows investors' inclination for hybrid funds.
Former Reserve Bank of India (RBI) Governor D Subbarao said the Modi government should come out with a 'White paper' to generate consensus among political parties on the issue of giveaways or freebies.
Smallcap speciality chemicals manufacturer Vikas Lifeacre has announced its foray into the UAE market by setting up a subsidiary.

Sensex surges by 639.85 points in early trading session

Monday 22 April 2024 04:25 AM UTC+00
In a positive start to the week, benchmark indices Sensex and Nifty witnessed a climb in early trade on Monday, buoyed by a rally in Asian markets, a decrease in Brent crude oil prices, and increased buying by foreign investors. The 30-share BSE Sensex surged by 639.85 points to 73,728.18, building on its previous day's rebound. Meanwhile, the NSE Nifty rose by 190.1 points to 22,337.10, extending its upward trajectory.
Mukesh Ambani-led Reliance Industries Ltd. is all set to announce its financial results for the fourth quarter ending March today. The declaration is expected post market hours, marking a significant event for investors and stakeholders. Reliance Industries shares have demonstrated an impressive growth trajectory, surging by 30% over the past six months and nearing their all-time high levels of Rs 3,024. This surge underscores the company's robust performance and investor confidence.
In a significant move aimed at expanding the health insurance market and providing greater financial security against healthcare expenses, the Insurance Regulatory and Development Authority of India (IRDAI) has eliminated the age limit of 65 years for individuals purchasing health insurance policies. This departure from conventional norms represented a fundamental shift in the insurance landscape, which previously restricted individuals from accessing comprehensive coverage beyond the age of 65.
India's net direct tax collections surged by a massive 17.7 per cent year-on-year to Rs 19.58 crore in the fiscal year ended March 2024, surpassing even revised estimates by a wide margin, the tax department said on Sunday. Net collections of income and corporate taxes, which make up for most of the direct taxes, in 2023-24 financial year exceeded the Budget estimates by Rs 1.35 lakh crore (7.40 per cent) and the revised estimates by Rs 13,000 crore.
Reliance Jio, India's leading telecom operator, reported a 13 per cent increase in standalone net profit for the March quarter, reaching Rs 5,337 crore. The company's revenue from operations for Q4FY24 also saw a significant rise, standing at Rs 25,959 crore, marking an 11 per cent increase compared to the same period last year. 
The Noida International Airport has started calibrating the ground-based radio navigation system at the greenfield facility this week with a maiden turboprop aircraft flight. The airport, located at Jewar, around 75 km from Delhi, is scheduled to start commercial operations by the end of 2024.
New Delhi: Tesla CEO Elon Musk has postponed a planned trip to India where he was scheduled to meet Prime Minister Narendra Modi on Monday and announce plans to enter the South Asian market, three people familiar with the matter told Reuters on Saturday. It is unclear why Musk postponed the trip as Tesla and PMO did not immediately respond to requests for comment.
Hybrid mutual fund schemes have seen a resurgence in 2023-24, garnering Rs 1.45 lakh crore in investments, driven by substantial inflows into the arbitrage category, following withdrawals in the previous fiscal year. The surge in assets was complemented by an increase in the number of investors, with the number of folios reaching 1.35 crore in March 2024 from 1.21 crore a year earlier, adding an investor base of 14 lakh. This shows investors' inclination for hybrid funds.
Former Reserve Bank of India (RBI) Governor D Subbarao said the Modi government should come out with a 'White paper' to generate consensus among political parties on the issue of giveaways or freebies.
Smallcap speciality chemicals manufacturer Vikas Lifeacre has announced its foray into the UAE market by setting up a subsidiary.

Sensex surges by 639.85 points in early trading session

Monday 22 April 2024 04:25 AM UTC+00
In a positive start to the week, benchmark indices Sensex and Nifty witnessed a climb in early trade on Monday, buoyed by a rally in Asian markets, a decrease in Brent crude oil prices, and increased buying by foreign investors. The 30-share BSE Sensex surged by 639.85 points to 73,728.18, building on its previous day's rebound. Meanwhile, the NSE Nifty rose by 190.1 points to 22,337.10, extending its upward trajectory.
Mukesh Ambani-led Reliance Industries Ltd. is all set to announce its financial results for the fourth quarter ending March today. The declaration is expected post market hours, marking a significant event for investors and stakeholders. Reliance Industries shares have demonstrated an impressive growth trajectory, surging by 30% over the past six months and nearing their all-time high levels of Rs 3,024. This surge underscores the company's robust performance and investor confidence.
In a significant move aimed at expanding the health insurance market and providing greater financial security against healthcare expenses, the Insurance Regulatory and Development Authority of India (IRDAI) has eliminated the age limit of 65 years for individuals purchasing health insurance policies. This departure from conventional norms represented a fundamental shift in the insurance landscape, which previously restricted individuals from accessing comprehensive coverage beyond the age of 65.
India's net direct tax collections surged by a massive 17.7 per cent year-on-year to Rs 19.58 crore in the fiscal year ended March 2024, surpassing even revised estimates by a wide margin, the tax department said on Sunday. Net collections of income and corporate taxes, which make up for most of the direct taxes, in 2023-24 financial year exceeded the Budget estimates by Rs 1.35 lakh crore (7.40 per cent) and the revised estimates by Rs 13,000 crore.
Reliance Jio, India's leading telecom operator, reported a 13 per cent increase in standalone net profit for the March quarter, reaching Rs 5,337 crore. The company's revenue from operations for Q4FY24 also saw a significant rise, standing at Rs 25,959 crore, marking an 11 per cent increase compared to the same period last year. 
The Noida International Airport has started calibrating the ground-based radio navigation system at the greenfield facility this week with a maiden turboprop aircraft flight. The airport, located at Jewar, around 75 km from Delhi, is scheduled to start commercial operations by the end of 2024.
New Delhi: Tesla CEO Elon Musk has postponed a planned trip to India where he was scheduled to meet Prime Minister Narendra Modi on Monday and announce plans to enter the South Asian market, three people familiar with the matter told Reuters on Saturday. It is unclear why Musk postponed the trip as Tesla and PMO did not immediately respond to requests for comment.
Hybrid mutual fund schemes have seen a resurgence in 2023-24, garnering Rs 1.45 lakh crore in investments, driven by substantial inflows into the arbitrage category, following withdrawals in the previous fiscal year. The surge in assets was complemented by an increase in the number of investors, with the number of folios reaching 1.35 crore in March 2024 from 1.21 crore a year earlier, adding an investor base of 14 lakh. This shows investors' inclination for hybrid funds.
Former Reserve Bank of India (RBI) Governor D Subbarao said the Modi government should come out with a 'White paper' to generate consensus among political parties on the issue of giveaways or freebies.
Smallcap speciality chemicals manufacturer Vikas Lifeacre has announced its foray into the UAE market by setting up a subsidiary.

Sensex surges by 639.85 points in early trading session

Monday 22 April 2024 04:25 AM UTC+00
In a positive start to the week, benchmark indices Sensex and Nifty witnessed a climb in early trade on Monday, buoyed by a rally in Asian markets, a decrease in Brent crude oil prices, and increased buying by foreign investors. The 30-share BSE Sensex surged by 639.85 points to 73,728.18, building on its previous day's rebound. Meanwhile, the NSE Nifty rose by 190.1 points to 22,337.10, extending its upward trajectory.
Mukesh Ambani-led Reliance Industries Ltd. is all set to announce its financial results for the fourth quarter ending March today. The declaration is expected post market hours, marking a significant event for investors and stakeholders. Reliance Industries shares have demonstrated an impressive growth trajectory, surging by 30% over the past six months and nearing their all-time high levels of Rs 3,024. This surge underscores the company's robust performance and investor confidence.
In a significant move aimed at expanding the health insurance market and providing greater financial security against healthcare expenses, the Insurance Regulatory and Development Authority of India (IRDAI) has eliminated the age limit of 65 years for individuals purchasing health insurance policies. This departure from conventional norms represented a fundamental shift in the insurance landscape, which previously restricted individuals from accessing comprehensive coverage beyond the age of 65.
India's net direct tax collections surged by a massive 17.7 per cent year-on-year to Rs 19.58 crore in the fiscal year ended March 2024, surpassing even revised estimates by a wide margin, the tax department said on Sunday. Net collections of income and corporate taxes, which make up for most of the direct taxes, in 2023-24 financial year exceeded the Budget estimates by Rs 1.35 lakh crore (7.40 per cent) and the revised estimates by Rs 13,000 crore.
Reliance Jio, India's leading telecom operator, reported a 13 per cent increase in standalone net profit for the March quarter, reaching Rs 5,337 crore. The company's revenue from operations for Q4FY24 also saw a significant rise, standing at Rs 25,959 crore, marking an 11 per cent increase compared to the same period last year. 
Hybrid mutual fund schemes have seen a resurgence in 2023-24, garnering Rs 1.45 lakh crore in investments, driven by substantial inflows into the arbitrage category, following withdrawals in the previous fiscal year. The surge in assets was complemented by an increase in the number of investors, with the number of folios reaching 1.35 crore in March 2024 from 1.21 crore a year earlier, adding an investor base of 14 lakh. This shows investors' inclination for hybrid funds.
Former Reserve Bank of India (RBI) Governor D Subbarao said the Modi government should come out with a 'White paper' to generate consensus among political parties on the issue of giveaways or freebies.
Smallcap speciality chemicals manufacturer Vikas Lifeacre has announced its foray into the UAE market by setting up a subsidiary.

Sensex surges by 639.85 points in early trading session

Monday 22 April 2024 04:25 AM UTC+00
In a positive start to the week, benchmark indices Sensex and Nifty witnessed a climb in early trade on Monday, buoyed by a rally in Asian markets, a decrease in Brent crude oil prices, and increased buying by foreign investors. The 30-share BSE Sensex surged by 639.85 points to 73,728.18, building on its previous day's rebound. Meanwhile, the NSE Nifty rose by 190.1 points to 22,337.10, extending its upward trajectory.
Mukesh Ambani-led Reliance Industries Ltd. is all set to announce its financial results for the fourth quarter ending March today. The declaration is expected post market hours, marking a significant event for investors and stakeholders. Reliance Industries shares have demonstrated an impressive growth trajectory, surging by 30% over the past six months and nearing their all-time high levels of Rs 3,024. This surge underscores the company's robust performance and investor confidence.
In a significant move aimed at expanding the health insurance market and providing greater financial security against healthcare expenses, the Insurance Regulatory and Development Authority of India (IRDAI) has eliminated the age limit of 65 years for individuals purchasing health insurance policies. This departure from conventional norms represented a fundamental shift in the insurance landscape, which previously restricted individuals from accessing comprehensive coverage beyond the age of 65.
India's net direct tax collections surged by a massive 17.7 per cent year-on-year to Rs 19.58 crore in the fiscal year ended March 2024, surpassing even revised estimates by a wide margin, the tax department said on Sunday. Net collections of income and corporate taxes, which make up for most of the direct taxes, in 2023-24 financial year exceeded the Budget estimates by Rs 1.35 lakh crore (7.40 per cent) and the revised estimates by Rs 13,000 crore.
Reliance Jio, India's leading telecom operator, reported a 13 per cent increase in standalone net profit for the March quarter, reaching Rs 5,337 crore. The company's revenue from operations for Q4FY24 also saw a significant rise, standing at Rs 25,959 crore, marking an 11 per cent increase compared to the same period last year. 

Quaker's heartfelt long-format Ad film strikes a chord

Tuesday 23 April 2024 08:40 AM UTC+00
Quaker, one of India's leading players in the oats segment, stands for nutrition. The brand, through its 'Bowl of Growth' initiative addresses the cause of child malnutrition through 3 key pillars — providing nutrition to children aged 3 to 5 years, educating parents/caregivers and spreading awareness in the community. This special nutrition-focused program was launched in pre-identified blocks of rural areas in Pune, Maharashtra to address the issue of malnutrition. 
New Delhi: Online food delivery platform Zomato has hiked its platform fee by 25 per cent to Rs 5 from the previous Rs 4 in specific markets. The food tech giant has attributed this adjustment to business decisions made within the company. According to company sources, the hike in platform fees applies to major cities like Delhi-NCR, Bengaluru, Mumbai and Hyderabad, among others.
Former Reserve Bank of India (RBI) Governor D Subbarao said the Modi government should come out with a 'White paper' to generate consensus among political parties on the issue of giveaways or freebies.
Smallcap speciality chemicals manufacturer Vikas Lifeacre has announced its foray into the UAE market by setting up a subsidiary.

Sensex surges by 639.85 points in early trading session

Monday 22 April 2024 04:25 AM UTC+00
In a positive start to the week, benchmark indices Sensex and Nifty witnessed a climb in early trade on Monday, buoyed by a rally in Asian markets, a decrease in Brent crude oil prices, and increased buying by foreign investors. The 30-share BSE Sensex surged by 639.85 points to 73,728.18, building on its previous day's rebound. Meanwhile, the NSE Nifty rose by 190.1 points to 22,337.10, extending its upward trajectory.
Mukesh Ambani-led Reliance Industries Ltd. is all set to announce its financial results for the fourth quarter ending March today. The declaration is expected post market hours, marking a significant event for investors and stakeholders. Reliance Industries shares have demonstrated an impressive growth trajectory, surging by 30% over the past six months and nearing their all-time high levels of Rs 3,024. This surge underscores the company's robust performance and investor confidence.
In a significant move aimed at expanding the health insurance market and providing greater financial security against healthcare expenses, the Insurance Regulatory and Development Authority of India (IRDAI) has eliminated the age limit of 65 years for individuals purchasing health insurance policies. This departure from conventional norms represented a fundamental shift in the insurance landscape, which previously restricted individuals from accessing comprehensive coverage beyond the age of 65.
India's net direct tax collections surged by a massive 17.7 per cent year-on-year to Rs 19.58 crore in the fiscal year ended March 2024, surpassing even revised estimates by a wide margin, the tax department said on Sunday. Net collections of income and corporate taxes, which make up for most of the direct taxes, in 2023-24 financial year exceeded the Budget estimates by Rs 1.35 lakh crore (7.40 per cent) and the revised estimates by Rs 13,000 crore.
Reliance Jio, India's leading telecom operator, reported a 13 per cent increase in standalone net profit for the March quarter, reaching Rs 5,337 crore. The company's revenue from operations for Q4FY24 also saw a significant rise, standing at Rs 25,959 crore, marking an 11 per cent increase compared to the same period last year. 

Quaker's heartfelt long-format Ad film strikes a chord

Tuesday 23 April 2024 08:40 AM UTC+00
Quaker, one of India's leading players in the oats segment, stands for nutrition. The brand, through its 'Bowl of Growth' initiative addresses the cause of child malnutrition through 3 key pillars — providing nutrition to children aged 3 to 5 years, educating parents/caregivers and spreading awareness in the community. This special nutrition-focused program was launched in pre-identified blocks of rural areas in Pune, Maharashtra to address the issue of malnutrition. 
New Delhi: Online food delivery platform Zomato has hiked its platform fee by 25 per cent to Rs 5 from the previous Rs 4 in specific markets. The food tech giant has attributed this adjustment to business decisions made within the company. According to company sources, the hike in platform fees applies to major cities like Delhi-NCR, Bengaluru, Mumbai and Hyderabad, among others.
In its April Bulletin, the Reserve Bank of India (RBI) on Tuesday stated extreme weather conditions could pose a threat to inflation, compounded by prolonged geopolitical tensions that may keep crude oil prices volatile. March saw a slight dip in retail inflation based on the Consumer Price Index (CPI), down to 4.9 per cent after averaging 5.1 per cent in the previous two months, it added.
Former Reserve Bank of India (RBI) Governor D Subbarao said the Modi government should come out with a 'White paper' to generate consensus among political parties on the issue of giveaways or freebies.
Smallcap speciality chemicals manufacturer Vikas Lifeacre has announced its foray into the UAE market by setting up a subsidiary.

Sensex surges by 639.85 points in early trading session

Monday 22 April 2024 04:25 AM UTC+00
In a positive start to the week, benchmark indices Sensex and Nifty witnessed a climb in early trade on Monday, buoyed by a rally in Asian markets, a decrease in Brent crude oil prices, and increased buying by foreign investors. The 30-share BSE Sensex surged by 639.85 points to 73,728.18, building on its previous day's rebound. Meanwhile, the NSE Nifty rose by 190.1 points to 22,337.10, extending its upward trajectory.
Mukesh Ambani-led Reliance Industries Ltd. is all set to announce its financial results for the fourth quarter ending March today. The declaration is expected post market hours, marking a significant event for investors and stakeholders. Reliance Industries shares have demonstrated an impressive growth trajectory, surging by 30% over the past six months and nearing their all-time high levels of Rs 3,024. This surge underscores the company's robust performance and investor confidence.
In a significant move aimed at expanding the health insurance market and providing greater financial security against healthcare expenses, the Insurance Regulatory and Development Authority of India (IRDAI) has eliminated the age limit of 65 years for individuals purchasing health insurance policies. This departure from conventional norms represented a fundamental shift in the insurance landscape, which previously restricted individuals from accessing comprehensive coverage beyond the age of 65.
India's net direct tax collections surged by a massive 17.7 per cent year-on-year to Rs 19.58 crore in the fiscal year ended March 2024, surpassing even revised estimates by a wide margin, the tax department said on Sunday. Net collections of income and corporate taxes, which make up for most of the direct taxes, in 2023-24 financial year exceeded the Budget estimates by Rs 1.35 lakh crore (7.40 per cent) and the revised estimates by Rs 13,000 crore.
Reliance Jio, India's leading telecom operator, reported a 13 per cent increase in standalone net profit for the March quarter, reaching Rs 5,337 crore. The company's revenue from operations for Q4FY24 also saw a significant rise, standing at Rs 25,959 crore, marking an 11 per cent increase compared to the same period last year. 

Quaker's heartfelt long-format Ad film strikes a chord

Tuesday 23 April 2024 08:40 AM UTC+00
Quaker, one of India's leading players in the oats segment, stands for nutrition. The brand, through its 'Bowl of Growth' initiative addresses the cause of child malnutrition through 3 key pillars — providing nutrition to children aged 3 to 5 years, educating parents/caregivers and spreading awareness in the community. This special nutrition-focused program was launched in pre-identified blocks of rural areas in Pune, Maharashtra to address the issue of malnutrition. 
New Delhi: Online food delivery platform Zomato has hiked its platform fee by 25 per cent to Rs 5 from the previous Rs 4 in specific markets. The food tech giant has attributed this adjustment to business decisions made within the company. According to company sources, the hike in platform fees applies to major cities like Delhi-NCR, Bengaluru, Mumbai and Hyderabad, among others.
In its April Bulletin, the Reserve Bank of India (RBI) on Tuesday stated extreme weather conditions could pose a threat to inflation, compounded by prolonged geopolitical tensions that may keep crude oil prices volatile. March saw a slight dip in retail inflation based on the Consumer Price Index (CPI), down to 4.9 per cent after averaging 5.1 per cent in the previous two months, it added.
Former Reserve Bank of India (RBI) Governor D Subbarao said the Modi government should come out with a 'White paper' to generate consensus among political parties on the issue of giveaways or freebies.
Smallcap speciality chemicals manufacturer Vikas Lifeacre has announced its foray into the UAE market by setting up a subsidiary.

Sensex surges by 639.85 points in early trading session

Monday 22 April 2024 04:25 AM UTC+00
In a positive start to the week, benchmark indices Sensex and Nifty witnessed a climb in early trade on Monday, buoyed by a rally in Asian markets, a decrease in Brent crude oil prices, and increased buying by foreign investors. The 30-share BSE Sensex surged by 639.85 points to 73,728.18, building on its previous day's rebound. Meanwhile, the NSE Nifty rose by 190.1 points to 22,337.10, extending its upward trajectory.
Mukesh Ambani-led Reliance Industries Ltd. is all set to announce its financial results for the fourth quarter ending March today. The declaration is expected post market hours, marking a significant event for investors and stakeholders. Reliance Industries shares have demonstrated an impressive growth trajectory, surging by 30% over the past six months and nearing their all-time high levels of Rs 3,024. This surge underscores the company's robust performance and investor confidence.
In a significant move aimed at expanding the health insurance market and providing greater financial security against healthcare expenses, the Insurance Regulatory and Development Authority of India (IRDAI) has eliminated the age limit of 65 years for individuals purchasing health insurance policies. This departure from conventional norms represented a fundamental shift in the insurance landscape, which previously restricted individuals from accessing comprehensive coverage beyond the age of 65.
India's net direct tax collections surged by a massive 17.7 per cent year-on-year to Rs 19.58 crore in the fiscal year ended March 2024, surpassing even revised estimates by a wide margin, the tax department said on Sunday. Net collections of income and corporate taxes, which make up for most of the direct taxes, in 2023-24 financial year exceeded the Budget estimates by Rs 1.35 lakh crore (7.40 per cent) and the revised estimates by Rs 13,000 crore.
Reliance Jio, India's leading telecom operator, reported a 13 per cent increase in standalone net profit for the March quarter, reaching Rs 5,337 crore. The company's revenue from operations for Q4FY24 also saw a significant rise, standing at Rs 25,959 crore, marking an 11 per cent increase compared to the same period last year. 

Quaker's heartfelt long-format Ad film strikes a chord

Tuesday 23 April 2024 08:40 AM UTC+00
Quaker, one of India's leading players in the oats segment, stands for nutrition. The brand, through its 'Bowl of Growth' initiative addresses the cause of child malnutrition through 3 key pillars — providing nutrition to children aged 3 to 5 years, educating parents/caregivers and spreading awareness in the community. This special nutrition-focused program was launched in pre-identified blocks of rural areas in Pune, Maharashtra to address the issue of malnutrition. 
New Delhi: Online food delivery platform Zomato has hiked its platform fee by 25 per cent to Rs 5 from the previous Rs 4 in specific markets. The food tech giant has attributed this adjustment to business decisions made within the company. According to company sources, the hike in platform fees applies to major cities like Delhi-NCR, Bengaluru, Mumbai and Hyderabad, among others.
In its April Bulletin, the Reserve Bank of India (RBI) on Tuesday stated extreme weather conditions could pose a threat to inflation, compounded by prolonged geopolitical tensions that may keep crude oil prices volatile. March saw a slight dip in retail inflation based on the Consumer Price Index (CPI), down to 4.9 per cent after averaging 5.1 per cent in the previous two months, it added.
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