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IndiaTV Business: Google News Feed: Digest for April 25, 2024

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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.
Smallcap speciality chemicals manufacturer Vikas Lifecare's subsidiary has clinched a significant order worth INR 500 million, signalling a strategic move to strengthen its foothold in the premium and organic rice segments. The agro-product division secured the order for rice, with INR 400 million allocated to premium rice varieties and INR 100 million for organic breeds.

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.
Smallcap speciality chemicals manufacturer Vikas Lifecare's subsidiary has clinched a significant order worth INR 500 million, signalling a strategic move to strengthen its foothold in the premium and organic rice segments. The agro-product division secured the order for rice, with INR 400 million allocated to premium rice varieties and INR 100 million for organic breeds.

Sensex rises over 200 points, Nifty tops 22,400

Wednesday 24 April 2024 03:57 AM UTC+00
Indian equity benchmark indices, BSE Sensex and Nifty50, began the trading session in green territory on Wednesday, with the BSE Sensex surging 200 points and briefly crossing the 74,000 mark, while Nifty50 remained above 22,400. At 9:28 AM, BSE Sensex was trading at 73,928.51, up by 190 points or 0.26%, while Nifty50 stood at 22,415.75, up 48 points or 0.21%. Despite concerns over valuations, Indian stock markets exhibited positive momentum on Tuesday, with the broader market performing well.

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.
Smallcap speciality chemicals manufacturer Vikas Lifecare's subsidiary has clinched a significant order worth INR 500 million, signalling a strategic move to strengthen its foothold in the premium and organic rice segments. The agro-product division secured the order for rice, with INR 400 million allocated to premium rice varieties and INR 100 million for organic breeds.

Sensex rises over 200 points, Nifty tops 22,400

Wednesday 24 April 2024 03:57 AM UTC+00
Indian equity benchmark indices, BSE Sensex and Nifty50, began the trading session in green territory on Wednesday, with the BSE Sensex surging 200 points and briefly crossing the 74,000 mark, while Nifty50 remained above 22,400. At 9:28 AM, BSE Sensex was trading at 73,928.51, up by 190 points or 0.26%, while Nifty50 stood at 22,415.75, up 48 points or 0.21%. Despite concerns over valuations, Indian stock markets exhibited positive momentum on Tuesday, with the broader market performing well.
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.
Smallcap speciality chemicals manufacturer Vikas Lifecare's subsidiary has clinched a significant order worth INR 500 million, signalling a strategic move to strengthen its foothold in the premium and organic rice segments. The agro-product division secured the order for rice, with INR 400 million allocated to premium rice varieties and INR 100 million for organic breeds.

Sensex rises over 200 points, Nifty tops 22,400

Wednesday 24 April 2024 03:57 AM UTC+00
Indian equity benchmark indices, BSE Sensex and Nifty50, began the trading session in green territory on Wednesday, with the BSE Sensex surging 200 points and briefly crossing the 74,000 mark, while Nifty50 remained above 22,400. At 9:28 AM, BSE Sensex was trading at 73,928.51, up by 190 points or 0.26%, while Nifty50 stood at 22,415.75, up 48 points or 0.21%. Despite concerns over valuations, Indian stock markets exhibited positive momentum on Tuesday, with the broader market performing well.
Mumbai: The Reserve Bank of India (RBI) on Wednesday barred Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect as the lender found deficient in its IT risk management. The bank shall, however, continue to provide services to its existing customers, including its credit card customers, the RBI said. 
PayU, a prominent digital financial services provider in India, on Wednesday revealed that it has received in-principle authorisation from the Reserve Bank of India (RBI) for its online payments aggregation (PA) business. Anirban Mukherjee, CEO of PayU, expressed gratitude to the RBI for granting the in-principle approval.
The Indian Railways has said that it is unable to assess the completion date of the highly awaited, country's first bullet train project because all work tenders have not been awarded yet. This was stated by the Indian Railways in an RTI reply. Chandra Shekhar Gaur from Madhya Pradesh sought the details from National High-Speed Rail Corporation Limited (NHSRCL) about the estimated date for the completion of the whole project through an application under the RTI Act.
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.
Smallcap speciality chemicals manufacturer Vikas Lifecare's subsidiary has clinched a significant order worth INR 500 million, signalling a strategic move to strengthen its foothold in the premium and organic rice segments. The agro-product division secured the order for rice, with INR 400 million allocated to premium rice varieties and INR 100 million for organic breeds.

Sensex rises over 200 points, Nifty tops 22,400

Wednesday 24 April 2024 03:57 AM UTC+00
Indian equity benchmark indices, BSE Sensex and Nifty50, began the trading session in green territory on Wednesday, with the BSE Sensex surging 200 points and briefly crossing the 74,000 mark, while Nifty50 remained above 22,400. At 9:28 AM, BSE Sensex was trading at 73,928.51, up by 190 points or 0.26%, while Nifty50 stood at 22,415.75, up 48 points or 0.21%. Despite concerns over valuations, Indian stock markets exhibited positive momentum on Tuesday, with the broader market performing well.
Mumbai: The Reserve Bank of India (RBI) on Wednesday barred Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect as the lender found deficient in its IT risk management. The bank shall, however, continue to provide services to its existing customers, including its credit card customers, the RBI said. 
PayU, a prominent digital financial services provider in India, on Wednesday revealed that it has received in-principle authorisation from the Reserve Bank of India (RBI) for its online payments aggregation (PA) business. Anirban Mukherjee, CEO of PayU, expressed gratitude to the RBI for granting the in-principle approval.
The Indian Railways has said that it is unable to assess the completion date of the highly awaited, country's first bullet train project because all work tenders have not been awarded yet. This was stated by the Indian Railways in an RTI reply. Chandra Shekhar Gaur from Madhya Pradesh sought the details from National High-Speed Rail Corporation Limited (NHSRCL) about the estimated date for the completion of the whole project through an application under the RTI Act.
New York: Jamie Dimon, the CEO of financial services company JPMorgan Chase, heaped praises on Prime Minister Narendra Modi for doing an "unbelievable job" in India by pursuing economic reforms and pulling 400 million people out of poverty through inclusive financial programmes. He also lauded PM Modi as "tough" for breaking old bureaucratic systems and saying his approach was needed in the US.
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.
Smallcap speciality chemicals manufacturer Vikas Lifecare's subsidiary has clinched a significant order worth INR 500 million, signalling a strategic move to strengthen its foothold in the premium and organic rice segments. The agro-product division secured the order for rice, with INR 400 million allocated to premium rice varieties and INR 100 million for organic breeds.

Sensex rises over 200 points, Nifty tops 22,400

Wednesday 24 April 2024 03:57 AM UTC+00
Indian equity benchmark indices, BSE Sensex and Nifty50, began the trading session in green territory on Wednesday, with the BSE Sensex surging 200 points and briefly crossing the 74,000 mark, while Nifty50 remained above 22,400. At 9:28 AM, BSE Sensex was trading at 73,928.51, up by 190 points or 0.26%, while Nifty50 stood at 22,415.75, up 48 points or 0.21%. Despite concerns over valuations, Indian stock markets exhibited positive momentum on Tuesday, with the broader market performing well.
Mumbai: The Reserve Bank of India (RBI) on Wednesday barred Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect as the lender found deficient in its IT risk management. The bank shall, however, continue to provide services to its existing customers, including its credit card customers, the RBI said. 
PayU, a prominent digital financial services provider in India, on Wednesday revealed that it has received in-principle authorisation from the Reserve Bank of India (RBI) for its online payments aggregation (PA) business. Anirban Mukherjee, CEO of PayU, expressed gratitude to the RBI for granting the in-principle approval.
The Indian Railways has said that it is unable to assess the completion date of the highly awaited, country's first bullet train project because all work tenders have not been awarded yet. This was stated by the Indian Railways in an RTI reply. Chandra Shekhar Gaur from Madhya Pradesh sought the details from National High-Speed Rail Corporation Limited (NHSRCL) about the estimated date for the completion of the whole project through an application under the RTI Act.
New York: Jamie Dimon, the CEO of financial services company JPMorgan Chase, heaped praises on Prime Minister Narendra Modi for doing an "unbelievable job" in India by pursuing economic reforms and pulling 400 million people out of poverty through inclusive financial programmes. He also lauded PM Modi as "tough" for breaking old bureaucratic systems and saying his approach was needed in the US.
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.
Smallcap speciality chemicals manufacturer Vikas Lifecare's subsidiary has clinched a significant order worth INR 500 million, signalling a strategic move to strengthen its foothold in the premium and organic rice segments. The agro-product division secured the order for rice, with INR 400 million allocated to premium rice varieties and INR 100 million for organic breeds.

Sensex rises over 200 points, Nifty tops 22,400

Wednesday 24 April 2024 03:57 AM UTC+00
Indian equity benchmark indices, BSE Sensex and Nifty50, began the trading session in green territory on Wednesday, with the BSE Sensex surging 200 points and briefly crossing the 74,000 mark, while Nifty50 remained above 22,400. At 9:28 AM, BSE Sensex was trading at 73,928.51, up by 190 points or 0.26%, while Nifty50 stood at 22,415.75, up 48 points or 0.21%. Despite concerns over valuations, Indian stock markets exhibited positive momentum on Tuesday, with the broader market performing well.
Mumbai: The Reserve Bank of India (RBI) on Wednesday barred Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect as the lender found deficient in its IT risk management. The bank shall, however, continue to provide services to its existing customers, including its credit card customers, the RBI said. 
PayU, a prominent digital financial services provider in India, on Wednesday revealed that it has received in-principle authorisation from the Reserve Bank of India (RBI) for its online payments aggregation (PA) business. Anirban Mukherjee, CEO of PayU, expressed gratitude to the RBI for granting the in-principle approval.
The Indian Railways has said that it is unable to assess the completion date of the highly awaited, country's first bullet train project because all work tenders have not been awarded yet. This was stated by the Indian Railways in an RTI reply. Chandra Shekhar Gaur from Madhya Pradesh sought the details from National High-Speed Rail Corporation Limited (NHSRCL) about the estimated date for the completion of the whole project through an application under the RTI Act.
New York: Jamie Dimon, the CEO of financial services company JPMorgan Chase, heaped praises on Prime Minister Narendra Modi for doing an "unbelievable job" in India by pursuing economic reforms and pulling 400 million people out of poverty through inclusive financial programmes. He also lauded PM Modi as "tough" for breaking old bureaucratic systems and saying his approach was needed in the US.
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