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IndiaTV Business: Google News Feed: Digest for April 26, 2024

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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.
Infrastructure company Hazoor Multi Projects Ltd (HMPL), a microcap listed on the Bombay Stock Exchange (BSE), has announced its acquisition of Square Port Shipyard Private Limited, headquartered in Kolkata. The move revealed through an exchange filing on April 22, signifies Hazoor Multi Projects' strategic initiative to broaden its operations and diversify its business portfolio.
Foreign Institutional Investor (FII)-backed stock has unveiled its fourth-quarter financial results for the fiscal year 2023–24. The small-cap entity reported a substantial surge in total revenue, reaching Rs 56.7 crore for the quarter ending March 31, 2024. This marked a significant increase from the Rs 36.5 crore recorded in the corresponding period of the previous fiscal year.
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.
Infrastructure company Hazoor Multi Projects Ltd (HMPL), a microcap listed on the Bombay Stock Exchange (BSE), has announced its acquisition of Square Port Shipyard Private Limited, headquartered in Kolkata. The move revealed through an exchange filing on April 22, signifies Hazoor Multi Projects' strategic initiative to broaden its operations and diversify its business portfolio.
Foreign Institutional Investor (FII)-backed stock has unveiled its fourth-quarter financial results for the fiscal year 2023–24. The small-cap entity reported a substantial surge in total revenue, reaching Rs 56.7 crore for the quarter ending March 31, 2024. This marked a significant increase from the Rs 36.5 crore recorded in the corresponding period of the previous fiscal year.
Equity benchmark indices took a downturn in early trading on Thursday, relinquishing the gains accumulated over the past four days. The 30-share BSE Sensex plummeted by 296.79 points to reach 73,556.15, while the NSE Nifty witnessed a dip of 97.15 points, touching 22,305.25.
Whirlpool, the parent company of renowned appliance brands like Maytag and Amana, is slashing approximately 1,000 salaried positions globally in response to sluggish demand in the US home appliance market. The company has already executed the initial phase of layoffs among office staff and is preparing for further reductions, according to statements from chief financial officer Jim Peters. Whirlpool's total workforce stood at 59,000 employees worldwide at the close of 2023.
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.
Equity benchmark indices took a downturn in early trading on Thursday, relinquishing the gains accumulated over the past four days. The 30-share BSE Sensex plummeted by 296.79 points to reach 73,556.15, while the NSE Nifty witnessed a dip of 97.15 points, touching 22,305.25.
Whirlpool, the parent company of renowned appliance brands like Maytag and Amana, is slashing approximately 1,000 salaried positions globally in response to sluggish demand in the US home appliance market. The company has already executed the initial phase of layoffs among office staff and is preparing for further reductions, according to statements from chief financial officer Jim Peters. Whirlpool's total workforce stood at 59,000 employees worldwide at the close of 2023.
In a move welcomed by salaried workers, the Employees' Provident Fund Organisation (EPFO) raised the interest rate on provident fund deposits for the Financial Year 2023–24 (FY24) from 8.15% to 8.25%. This adjustment, announced in February, has left many eagerly awaiting the crediting of their interest.
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.
Equity benchmark indices took a downturn in early trading on Thursday, relinquishing the gains accumulated over the past four days. The 30-share BSE Sensex plummeted by 296.79 points to reach 73,556.15, while the NSE Nifty witnessed a dip of 97.15 points, touching 22,305.25.
Whirlpool, the parent company of renowned appliance brands like Maytag and Amana, is slashing approximately 1,000 salaried positions globally in response to sluggish demand in the US home appliance market. The company has already executed the initial phase of layoffs among office staff and is preparing for further reductions, according to statements from chief financial officer Jim Peters. Whirlpool's total workforce stood at 59,000 employees worldwide at the close of 2023.
In a move welcomed by salaried workers, the Employees' Provident Fund Organisation (EPFO) raised the interest rate on provident fund deposits for the Financial Year 2023–24 (FY24) from 8.15% to 8.25%. This adjustment, announced in February, has left many eagerly awaiting the crediting of their interest.
IndiGo, the nation's leading airline, revealed on Thursday its decision to purchase 30 A350-900 wide-body planes. This strategic move comes as the airline amplifies its global footprint. IndiGo has predominantly utilized narrow-body Airbus aircraft so far, with the exception of two Boeing 777 planes leased from Turkish Airlines, exclusively for its Istanbul route operations.
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.
Equity benchmark indices took a downturn in early trading on Thursday, relinquishing the gains accumulated over the past four days. The 30-share BSE Sensex plummeted by 296.79 points to reach 73,556.15, while the NSE Nifty witnessed a dip of 97.15 points, touching 22,305.25.
Whirlpool, the parent company of renowned appliance brands like Maytag and Amana, is slashing approximately 1,000 salaried positions globally in response to sluggish demand in the US home appliance market. The company has already executed the initial phase of layoffs among office staff and is preparing for further reductions, according to statements from chief financial officer Jim Peters. Whirlpool's total workforce stood at 59,000 employees worldwide at the close of 2023.
In a move welcomed by salaried workers, the Employees' Provident Fund Organisation (EPFO) raised the interest rate on provident fund deposits for the Financial Year 2023–24 (FY24) from 8.15% to 8.25%. This adjustment, announced in February, has left many eagerly awaiting the crediting of their interest.
IndiGo, the nation's leading airline, revealed on Thursday its decision to purchase 30 A350-900 wide-body planes. This strategic move comes as the airline amplifies its global footprint. IndiGo has predominantly utilized narrow-body Airbus aircraft so far, with the exception of two Boeing 777 planes leased from Turkish Airlines, exclusively for its Istanbul route operations.
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.
Equity benchmark indices took a downturn in early trading on Thursday, relinquishing the gains accumulated over the past four days. The 30-share BSE Sensex plummeted by 296.79 points to reach 73,556.15, while the NSE Nifty witnessed a dip of 97.15 points, touching 22,305.25.
Whirlpool, the parent company of renowned appliance brands like Maytag and Amana, is slashing approximately 1,000 salaried positions globally in response to sluggish demand in the US home appliance market. The company has already executed the initial phase of layoffs among office staff and is preparing for further reductions, according to statements from chief financial officer Jim Peters. Whirlpool's total workforce stood at 59,000 employees worldwide at the close of 2023.
In a move welcomed by salaried workers, the Employees' Provident Fund Organisation (EPFO) raised the interest rate on provident fund deposits for the Financial Year 2023–24 (FY24) from 8.15% to 8.25%. This adjustment, announced in February, has left many eagerly awaiting the crediting of their interest.
IndiGo, the nation's leading airline, revealed on Thursday its decision to purchase 30 A350-900 wide-body planes. This strategic move comes as the airline amplifies its global footprint. IndiGo has predominantly utilized narrow-body Airbus aircraft so far, with the exception of two Boeing 777 planes leased from Turkish Airlines, exclusively for its Istanbul route operations.
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