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IndiaTV Business: Google News Feed: Digest for May 01, 2024

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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.
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.
In early trade today, the Sensex surged by 152.31 points, reaching 74,823.59. Simultaneously, the Nifty witnessed an upward trend, rising by 52.9 points to reach 22,696.30. The Sensex, representing the benchmark index of the Bombay Stock Exchange (BSE), displayed a notable climb, reflecting positive market sentiment and investor confidence in the early trading session.
Google has initiated another round of layoffs, affecting employees across various teams, including Python, Dart, and Flutter. The move comes as part of a broader reorganisation effort aimed at streamlining operations and focusing on key priorities within the company. Contrary to previous layoffs due to dissent and misconduct, Google cited reorganisation as the primary driver behind the recent layoffs. The company aims to enhance efficiency and align resources with its core product objectives.
Bank holidays May 2024: Bank customers should be prepared for several non-working days in May 2024 because of religious holidays, Lok Sabha Elections and weekend closures. According to the Reserve Bank of India holiday calendar schedule, the banks in the month of May will be  for up to 14 days, which includes Sundays and the second and fourth Saturdays. 
While May may not herald a flurry of financial changes akin to April or March, several significant shifts await individuals, especially mutual fund investors and banking customers. Certain banks are poised to adjust charges for savings account services, while others plan to unveil surcharges on utility payments made via credit cards. Additionally, some financial institutions may announce deadlines for senior citizen fixed deposits (FDs).
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.
In early trade today, the Sensex surged by 152.31 points, reaching 74,823.59. Simultaneously, the Nifty witnessed an upward trend, rising by 52.9 points to reach 22,696.30. The Sensex, representing the benchmark index of the Bombay Stock Exchange (BSE), displayed a notable climb, reflecting positive market sentiment and investor confidence in the early trading session. Similarly, the Nifty, which tracks the performance of the top 50 companies listed on the National Stock Exchange (NSE), experienced a significant uptick, indicating a bullish trend in the stock market.
Google has initiated another round of layoffs, affecting employees across various teams, including Python, Dart, and Flutter. The move comes as part of a broader reorganisation effort aimed at streamlining operations and focusing on key priorities within the company. Contrary to previous layoffs due to dissent and misconduct, Google cited reorganisation as the primary driver behind the recent layoffs. The company aims to enhance efficiency and align resources with its core product objectives.
Bank holidays May 2024: Bank customers should be prepared for several non-working days in May 2024 because of religious holidays, Lok Sabha Elections and weekend closures. According to the Reserve Bank of India holiday calendar schedule, the banks in the month of May will be  for up to 14 days, which includes Sundays and the second and fourth Saturdays. 
While May may not herald a flurry of financial changes akin to April or March, several significant shifts await individuals, especially mutual fund investors and banking customers. Certain banks are poised to adjust charges for savings account services, while others plan to unveil surcharges on utility payments made via credit cards. Additionally, some financial institutions may announce deadlines for senior citizen fixed deposits (FDs).
Stock market news: The NSE Nifty hit a fresh record all-time high level today (April 30) in line with optimism in global markets and fresh foreign fund inflows. The NSE Nifty went up by 136.35 points or 0.60 per cent to reach its lifetime peak of 22,779.75 in the late afternoon trade. Meanwhile, the 30-share BSE Sensex traded with a gain of 230.75 points or 0.31 per cent to 74,902.03.
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.
In early trade today, the Sensex surged by 152.31 points, reaching 74,823.59. Simultaneously, the Nifty witnessed an upward trend, rising by 52.9 points to reach 22,696.30. The Sensex, representing the benchmark index of the Bombay Stock Exchange (BSE), displayed a notable climb, reflecting positive market sentiment and investor confidence in the early trading session. Similarly, the Nifty, which tracks the performance of the top 50 companies listed on the National Stock Exchange (NSE), experienced a significant uptick, indicating a bullish trend in the stock market.
Google has initiated another round of layoffs, affecting employees across various teams, including Python, Dart, and Flutter. The move comes as part of a broader reorganisation effort aimed at streamlining operations and focusing on key priorities within the company. Contrary to previous layoffs due to dissent and misconduct, Google cited reorganisation as the primary driver behind the recent layoffs. The company aims to enhance efficiency and align resources with its core product objectives.
Bank holidays May 2024: Bank customers should be prepared for several non-working days in May 2024 because of religious holidays, Lok Sabha Elections and weekend closures. According to the Reserve Bank of India holiday calendar schedule, the banks in the month of May will be  for up to 14 days, which includes Sundays and the second and fourth Saturdays. 
While May may not herald a flurry of financial changes akin to April or March, several significant shifts await individuals, especially mutual fund investors and banking customers. Certain banks are poised to adjust charges for savings account services, while others plan to unveil surcharges on utility payments made via credit cards. Additionally, some financial institutions may announce deadlines for senior citizen fixed deposits (FDs).
Stock market news: The NSE Nifty hit a fresh record all-time high level today (April 30) in line with optimism in global markets and fresh foreign fund inflows. The NSE Nifty went up by 136.35 points or 0.60 per cent to reach its lifetime peak of 22,779.75 in the late afternoon trade. Meanwhile, the 30-share BSE Sensex traded with a gain of 230.75 points or 0.31 per cent to 74,902.03.
Aviation regulator Directorate General of Civil Aviation (DGCA) has suspended a senior Vistara official for lapses in conversion training of pilots, a source said on Tuesday. According to the sources, Vikram Mohan Dayal Vistara vice president of Training at the full-service carrier, has been removed from his post.
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.
In early trade today, the Sensex surged by 152.31 points, reaching 74,823.59. Simultaneously, the Nifty witnessed an upward trend, rising by 52.9 points to reach 22,696.30. The Sensex, representing the benchmark index of the Bombay Stock Exchange (BSE), displayed a notable climb, reflecting positive market sentiment and investor confidence in the early trading session. Similarly, the Nifty, which tracks the performance of the top 50 companies listed on the National Stock Exchange (NSE), experienced a significant uptick, indicating a bullish trend in the stock market.
Google has initiated another round of layoffs, affecting employees across various teams, including Python, Dart, and Flutter. The move comes as part of a broader reorganisation effort aimed at streamlining operations and focusing on key priorities within the company. Contrary to previous layoffs due to dissent and misconduct, Google cited reorganisation as the primary driver behind the recent layoffs. The company aims to enhance efficiency and align resources with its core product objectives.
Bank holidays May 2024: Bank customers should be prepared for several non-working days in May 2024 because of religious holidays, Lok Sabha Elections and weekend closures. According to the Reserve Bank of India holiday calendar schedule, the banks in the month of May will be  for up to 14 days, which includes Sundays and the second and fourth Saturdays. 
While May may not herald a flurry of financial changes akin to April or March, several significant shifts await individuals, especially mutual fund investors and banking customers. Certain banks are poised to adjust charges for savings account services, while others plan to unveil surcharges on utility payments made via credit cards. Additionally, some financial institutions may announce deadlines for senior citizen fixed deposits (FDs).
Stock market news: The NSE Nifty hit a fresh record all-time high level today (April 30) in line with optimism in global markets and fresh foreign fund inflows. The NSE Nifty went up by 136.35 points or 0.60 per cent to reach its lifetime peak of 22,779.75 in the late afternoon trade. Meanwhile, the 30-share BSE Sensex traded with a gain of 230.75 points or 0.31 per cent to 74,902.03.
Aviation regulator Directorate General of Civil Aviation (DGCA) has suspended a senior Vistara official for lapses in conversion training of pilots, a source said on Tuesday. According to the sources, Vikram Mohan Dayal Vistara vice president of Training at the full-service carrier, has been removed from his post.
 Air India on Tuesday said it has extended the suspension of flights to and from Tel Aviv till May 15 amid tensions in the Middle East. On April 19, the airline said Tel Aviv flights will remain suspended till April 30. It operates four weekly flights between the national capital and the Israeli city.
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.
In early trade today, the Sensex surged by 152.31 points, reaching 74,823.59. Simultaneously, the Nifty witnessed an upward trend, rising by 52.9 points to reach 22,696.30. The Sensex, representing the benchmark index of the Bombay Stock Exchange (BSE), displayed a notable climb, reflecting positive market sentiment and investor confidence in the early trading session. Similarly, the Nifty, which tracks the performance of the top 50 companies listed on the National Stock Exchange (NSE), experienced a significant uptick, indicating a bullish trend in the stock market.
Google has initiated another round of layoffs, affecting employees across various teams, including Python, Dart, and Flutter. The move comes as part of a broader reorganisation effort aimed at streamlining operations and focusing on key priorities within the company. Contrary to previous layoffs due to dissent and misconduct, Google cited reorganisation as the primary driver behind the recent layoffs. The company aims to enhance efficiency and align resources with its core product objectives.
Bank holidays May 2024: Bank customers should be prepared for several non-working days in May 2024 because of religious holidays, Lok Sabha Elections and weekend closures. According to the Reserve Bank of India holiday calendar schedule, the banks in the month of May will be  for up to 14 days, which includes Sundays and the second and fourth Saturdays. 
While May may not herald a flurry of financial changes akin to April or March, several significant shifts await individuals, especially mutual fund investors and banking customers. Certain banks are poised to adjust charges for savings account services, while others plan to unveil surcharges on utility payments made via credit cards. Additionally, some financial institutions may announce deadlines for senior citizen fixed deposits (FDs).
Stock market news: The NSE Nifty hit a fresh record all-time high level today (April 30) in line with optimism in global markets and fresh foreign fund inflows. The NSE Nifty went up by 136.35 points or 0.60 per cent to reach its lifetime peak of 22,779.75 in the late afternoon trade. Meanwhile, the 30-share BSE Sensex traded with a gain of 230.75 points or 0.31 per cent to 74,902.03.
Aviation regulator Directorate General of Civil Aviation (DGCA) has suspended a senior Vistara official for lapses in conversion training of pilots, a source said on Tuesday. According to the sources, Vikram Mohan Dayal Vistara vice president of Training at the full-service carrier, has been removed from his post.
 Air India on Tuesday said it has extended the suspension of flights to and from Tel Aviv till May 15 amid tensions in the Middle East. On April 19, the airline said Tel Aviv flights will remain suspended till April 30. It operates four weekly flights between the national capital and the Israeli city.
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