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IndiaTV Business: Google News Feed: Digest for April 27, 2024

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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.

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.
In the early hours of trading on Friday, stock markets witnessed a significant uptick, marking the sixth consecutive day of gains, driven by robust buying in Tech Mahindra and positive trends in Asian markets. The 30-share BSE Sensex soared by 176.47 points to reach 74,515.91, while the NSE Nifty climbed 50.05 points to stand at 22,620.40.

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.
In the early hours of trading on Friday, stock markets witnessed a significant uptick, marking the sixth consecutive day of gains, driven by robust buying in Tech Mahindra and positive trends in Asian markets. The 30-share BSE Sensex soared by 176.47 points to reach 74,515.91, while the NSE Nifty climbed 50.05 points to stand at 22,620.40.
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.
In the early hours of trading on Friday, stock markets witnessed a significant uptick, marking the sixth consecutive day of gains, driven by robust buying in Tech Mahindra and positive trends in Asian markets. The 30-share BSE Sensex soared by 176.47 points to reach 74,515.91, while the NSE Nifty climbed 50.05 points to stand at 22,620.40.
Go First case: The Delhi High Court today (April 26) directed the Directorate General of Civil Aviation (DGCA) to forthwith process the applications filed by several lessors for deregistration of their 54 planes so that they could take them back from the crisis-hit Go First airline. The high court said the process shall be done in not later than five working days.
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.
In the early hours of trading on Friday, stock markets witnessed a significant uptick, marking the sixth consecutive day of gains, driven by robust buying in Tech Mahindra and positive trends in Asian markets. The 30-share BSE Sensex soared by 176.47 points to reach 74,515.91, while the NSE Nifty climbed 50.05 points to stand at 22,620.40.
Go First case: The Delhi High Court today (April 26) directed the Directorate General of Civil Aviation (DGCA) to forthwith process the applications filed by several lessors for deregistration of their 54 planes so that they could take them back from the crisis-hit Go First airline. The high court said the process shall be done in not later than five working days.
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.
In the early hours of trading on Friday, stock markets witnessed a significant uptick, marking the sixth consecutive day of gains, driven by robust buying in Tech Mahindra and positive trends in Asian markets. The 30-share BSE Sensex soared by 176.47 points to reach 74,515.91, while the NSE Nifty climbed 50.05 points to stand at 22,620.40.
Go First case: The Delhi High Court today (April 26) directed the Directorate General of Civil Aviation (DGCA) to forthwith process the applications filed by several lessors for deregistration of their 54 planes so that they could take them back from the crisis-hit Go First airline. The high court said the process shall be done in not later than five working days.
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