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IndiaTV Business: Google News Feed: Digest for April 30, 2024

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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.
New Delhi: India and Oman are set to sign a trade deal in the coming months as New Delhi seeks to expand its ties in the Middle East where rising geopolitical tensions are putting major shipping routes at risk. "It will help India with a strategic partner and access to key trade routes in a volatile region," one official told Reuters.
ICICI Bank said its March quarter consolidated net profit grew 18.5 per cent to Rs 11,672 crore, helped by lower provisions. On a standalone basis, the second largest private sector lender showed a 17.4 per cent growth in its profit after tax at Rs 10,708 crore for the reporting quarter against Rs 9,122 crore in the year-ago period.
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.
New Delhi: India and Oman are set to sign a trade deal in the coming months as New Delhi seeks to expand its ties in the Middle East where rising geopolitical tensions are putting major shipping routes at risk. "It will help India with a strategic partner and access to key trade routes in a volatile region," one official told Reuters.
ICICI Bank said its March quarter consolidated net profit grew 18.5 per cent to Rs 11,672 crore, helped by lower provisions. On a standalone basis, the second largest private sector lender showed a 17.4 per cent growth in its profit after tax at Rs 10,708 crore for the reporting quarter against Rs 9,122 crore in the year-ago period.
In morning trade on Monday, the dollar surged past 160 yen for the first time since 1990, propelled by a US inflation reading that exceeded forecasts. The stronger-than-expected data dampened expectations for US interest rate cuts this year. The dollar reached 160.17 yen in morning trading, sparking speculation that Japanese authorities might intervene to stabilise their currency amidst the surge.
Indian stocks opened higher on Monday morning, buoyed by a robust performance in US markets on Friday. Improved investor sentiment, coupled with relative easing tensions in the Middle East and declining oil prices, provided further support to Indian stocks. At 9:47 am, the Sensex stood at 74,026.23 points, up 411 points or 0.40 per cent, while the Nifty reached 22,473.65 points, up 53.70 points or 0.24 per cent. Notably, sectors like Nifty Bank, Nifty Financial Services, and Nifty Media were among the top movers in early trade.
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.
New Delhi: India and Oman are set to sign a trade deal in the coming months as New Delhi seeks to expand its ties in the Middle East where rising geopolitical tensions are putting major shipping routes at risk. "It will help India with a strategic partner and access to key trade routes in a volatile region," one official told Reuters.
ICICI Bank said its March quarter consolidated net profit grew 18.5 per cent to Rs 11,672 crore, helped by lower provisions. On a standalone basis, the second largest private sector lender showed a 17.4 per cent growth in its profit after tax at Rs 10,708 crore for the reporting quarter against Rs 9,122 crore in the year-ago period.
In morning trade on Monday, the dollar surged past 160 yen for the first time since 1990, propelled by a US inflation reading that exceeded forecasts. The stronger-than-expected data dampened expectations for US interest rate cuts this year. The dollar reached 160.17 yen in morning trading, sparking speculation that Japanese authorities might intervene to stabilise their currency amidst the surge.
Indian stocks opened higher on Monday morning, buoyed by a robust performance in US markets on Friday. Improved investor sentiment, coupled with relative easing tensions in the Middle East and declining oil prices, provided further support to Indian stocks. At 9:47 am, the Sensex stood at 74,026.23 points, up 411 points or 0.40 per cent, while the Nifty reached 22,473.65 points, up 53.70 points or 0.24 per cent. Notably, sectors like Nifty Bank, Nifty Financial Services, and Nifty Media were among the top movers in early trade.
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.
New Delhi: India and Oman are set to sign a trade deal in the coming months as New Delhi seeks to expand its ties in the Middle East where rising geopolitical tensions are putting major shipping routes at risk. "It will help India with a strategic partner and access to key trade routes in a volatile region," one official told Reuters.
ICICI Bank said its March quarter consolidated net profit grew 18.5 per cent to Rs 11,672 crore, helped by lower provisions. On a standalone basis, the second largest private sector lender showed a 17.4 per cent growth in its profit after tax at Rs 10,708 crore for the reporting quarter against Rs 9,122 crore in the year-ago period.
In morning trade on Monday, the dollar surged past 160 yen for the first time since 1990, propelled by a US inflation reading that exceeded forecasts. The stronger-than-expected data dampened expectations for US interest rate cuts this year. The dollar reached 160.17 yen in morning trading, sparking speculation that Japanese authorities might intervene to stabilise their currency amidst the surge.
Indian stocks opened higher on Monday morning, buoyed by a robust performance in US markets on Friday. Improved investor sentiment, coupled with relative easing tensions in the Middle East and declining oil prices, provided further support to Indian stocks. At 9:47 am, the Sensex stood at 74,026.23 points, up 411 points or 0.40 per cent, while the Nifty reached 22,473.65 points, up 53.70 points or 0.24 per cent. Notably, sectors like Nifty Bank, Nifty Financial Services, and Nifty Media were among the top movers in early trade.
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.
New Delhi: India and Oman are set to sign a trade deal in the coming months as New Delhi seeks to expand its ties in the Middle East where rising geopolitical tensions are putting major shipping routes at risk. "It will help India with a strategic partner and access to key trade routes in a volatile region," one official told Reuters.
ICICI Bank said its March quarter consolidated net profit grew 18.5 per cent to Rs 11,672 crore, helped by lower provisions. On a standalone basis, the second largest private sector lender showed a 17.4 per cent growth in its profit after tax at Rs 10,708 crore for the reporting quarter against Rs 9,122 crore in the year-ago period.
In morning trade on Monday, the dollar surged past 160 yen for the first time since 1990, propelled by a US inflation reading that exceeded forecasts. The stronger-than-expected data dampened expectations for US interest rate cuts this year. The dollar reached 160.17 yen in morning trading, sparking speculation that Japanese authorities might intervene to stabilise their currency amidst the surge.
Indian stocks opened higher on Monday morning, buoyed by a robust performance in US markets on Friday. Improved investor sentiment, coupled with relative easing tensions in the Middle East and declining oil prices, provided further support to Indian stocks. At 9:47 am, the Sensex stood at 74,026.23 points, up 411 points or 0.40 per cent, while the Nifty reached 22,473.65 points, up 53.70 points or 0.24 per cent. Notably, sectors like Nifty Bank, Nifty Financial Services, and Nifty Media were among the top movers in early trade.
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.
New Delhi: India and Oman are set to sign a trade deal in the coming months as New Delhi seeks to expand its ties in the Middle East where rising geopolitical tensions are putting major shipping routes at risk. "It will help India with a strategic partner and access to key trade routes in a volatile region," one official told Reuters.
ICICI Bank said its March quarter consolidated net profit grew 18.5 per cent to Rs 11,672 crore, helped by lower provisions. On a standalone basis, the second largest private sector lender showed a 17.4 per cent growth in its profit after tax at Rs 10,708 crore for the reporting quarter against Rs 9,122 crore in the year-ago period.
In morning trade on Monday, the dollar surged past 160 yen for the first time since 1990, propelled by a US inflation reading that exceeded forecasts. The stronger-than-expected data dampened expectations for US interest rate cuts this year. The dollar reached 160.17 yen in morning trading, sparking speculation that Japanese authorities might intervene to stabilise their currency amidst the surge.
Indian stocks opened higher on Monday morning, buoyed by a robust performance in US markets on Friday. Improved investor sentiment, coupled with relative easing tensions in the Middle East and declining oil prices, provided further support to Indian stocks. At 9:47 am, the Sensex stood at 74,026.23 points, up 411 points or 0.40 per cent, while the Nifty reached 22,473.65 points, up 53.70 points or 0.24 per cent. Notably, sectors like Nifty Bank, Nifty Financial Services, and Nifty Media were among the top movers in early trade.
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