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IndiaTV Business: Google News Feed: Digest for April 06, 2024

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Mumbai: The Reserve Bank of India (RBI) reported on Monday that nearly 97.69 percent of the Rs 2000 denomination banknotes have been returned to the banking system and only Rs 8,202 crore worth of the withdrawn notes are in public circulation.
Smallcap stock from the industrial sector, Gujarat Toolroom, has informed BSE about the next dividend payment. According to an exchange filing, the board is slated to meet next week to consider and approve a proposal for up to 165 per cent dividend payment.
Ministry of Civil Aviation (MoCA) sought a detailed report from Vistara regarding flight cancellations and major delays, with the airline having cancelled or delayed over 100 flights in the past week, news agency ANI reported quoting MoCA official on Tuesday. The airline may cancel 60 flights today, the sources said.
The Indian stock market saw little movement today as the Sensex and Nifty traded flat amidst fluctuations, following a lackluster opening in Asian markets. As of 10 am, the BSE Sensex slipped by 41 points to 73,973, while the NSE Nifty50 was marginally down by 8 points, trading at 22,454.
Vistara pilot crisis: Several scheduled Vistara flights were delayed and cancelled on Monday after pilots and many first officers reported sick to protest against a proposed new salary structure. The revised monthly emoluments issue has surfaced ahead of airline's decision to merge with Air India, reports said.
Adani Green Energy Ltd (AGEL) has achieved a significant milestone in India's renewable energy sector by surpassing 10,000 MW of renewable energy capacity. The company announced on Wednesday the commissioning of 2,000 MW of solar capacity at the Khavda solar park in Gujarat, solidifying its position as the first firm in India to achieve this feat.
The anticipation of India's upcoming assembly election, with Prime Minister Narendra Modi poised for a potential third term, has ignited a stock market frenzy, propelling a record-breaking 200 Indians onto Forbes' 2024 list of the World's Billionaires—up from 169 last year. Their collective wealth is nearing a trillion dollars, with a staggering total of $954 billion, marking a remarkable 41% surge from $675 billion last year.
The Indian economy will grow at 7.5 per cent in  2024, according to latest estimates by the World Bank. Earlier, the World Bank projected a growth of 6.3 per cent but has now revised its projections.
The Sensex and Nifty, key equity indices, experienced a notable surge, reaching new record highs on Thursday. This upswing was fueled by increased buying activity in IT, consumer durables, and financial sectors, driven by optimistic projections for strong corporate performance. Additionally, investors showed interest in specific banking stocks, anticipating that the RBI's monetary policy committee would maintain the current interest rates. The committee, consisting of six members, commenced discussions on Wednesday and is scheduled to reveal its decision on Friday.
Business news: Markets regulator the Securities and Exchange Board of India (SEBI) today (April 4) said it has received ISO certification for two of its information security systems and two operations controls. This certification highlights Sebi's commitment to upholding high standards of cybersecurity and ensuring the confidentiality, integrity and availability of its data and operations.
Smallcap stock from the industrial sector, Gujarat Toolroom, has informed BSE about the next dividend payment. According to an exchange filing, the board is slated to meet next week to consider and approve a proposal for up to 165 per cent dividend payment.
Ministry of Civil Aviation (MoCA) sought a detailed report from Vistara regarding flight cancellations and major delays, with the airline having cancelled or delayed over 100 flights in the past week, news agency ANI reported quoting MoCA official on Tuesday. The airline may cancel 60 flights today, the sources said.
The Indian stock market saw little movement today as the Sensex and Nifty traded flat amidst fluctuations, following a lackluster opening in Asian markets. As of 10 am, the BSE Sensex slipped by 41 points to 73,973, while the NSE Nifty50 was marginally down by 8 points, trading at 22,454.
Vistara pilot crisis: Several scheduled Vistara flights were delayed and cancelled on Monday after pilots and many first officers reported sick to protest against a proposed new salary structure. The revised monthly emoluments issue has surfaced ahead of airline's decision to merge with Air India, reports said.
Adani Green Energy Ltd (AGEL) has achieved a significant milestone in India's renewable energy sector by surpassing 10,000 MW of renewable energy capacity. The company announced on Wednesday the commissioning of 2,000 MW of solar capacity at the Khavda solar park in Gujarat, solidifying its position as the first firm in India to achieve this feat.
The anticipation of India's upcoming assembly election, with Prime Minister Narendra Modi poised for a potential third term, has ignited a stock market frenzy, propelling a record-breaking 200 Indians onto Forbes' 2024 list of the World's Billionaires—up from 169 last year. Their collective wealth is nearing a trillion dollars, with a staggering total of $954 billion, marking a remarkable 41% surge from $675 billion last year.
The Indian economy will grow at 7.5 per cent in  2024, according to latest estimates by the World Bank. Earlier, the World Bank projected a growth of 6.3 per cent but has now revised its projections.
The Sensex and Nifty, key equity indices, experienced a notable surge, reaching new record highs on Thursday. This upswing was fueled by increased buying activity in IT, consumer durables, and financial sectors, driven by optimistic projections for strong corporate performance. Additionally, investors showed interest in specific banking stocks, anticipating that the RBI's monetary policy committee would maintain the current interest rates. The committee, consisting of six members, commenced discussions on Wednesday and is scheduled to reveal its decision on Friday.
Business news: Markets regulator the Securities and Exchange Board of India (SEBI) today (April 4) said it has received ISO certification for two of its information security systems and two operations controls. This certification highlights Sebi's commitment to upholding high standards of cybersecurity and ensuring the confidentiality, integrity and availability of its data and operations.

RBI keeps policy repo rate unchanged at 6.5 per cent

Friday 05 April 2024 04:37 AM UTC+00
In a crucial announcement, the Reserve Bank of India (RBI), under the leadership of Governor Shaktikanta Das, declared that the Policy Repo Rate remains steady at 6.5%. Here's a breakdown of the decision:
Smallcap stock from the industrial sector, Gujarat Toolroom, has informed BSE about the next dividend payment. According to an exchange filing, the board is slated to meet next week to consider and approve a proposal for up to 165 per cent dividend payment.
Ministry of Civil Aviation (MoCA) sought a detailed report from Vistara regarding flight cancellations and major delays, with the airline having cancelled or delayed over 100 flights in the past week, news agency ANI reported quoting MoCA official on Tuesday. The airline may cancel 60 flights today, the sources said.
The Indian stock market saw little movement today as the Sensex and Nifty traded flat amidst fluctuations, following a lackluster opening in Asian markets. As of 10 am, the BSE Sensex slipped by 41 points to 73,973, while the NSE Nifty50 was marginally down by 8 points, trading at 22,454.
Vistara pilot crisis: Several scheduled Vistara flights were delayed and cancelled on Monday after pilots and many first officers reported sick to protest against a proposed new salary structure. The revised monthly emoluments issue has surfaced ahead of airline's decision to merge with Air India, reports said.
Adani Green Energy Ltd (AGEL) has achieved a significant milestone in India's renewable energy sector by surpassing 10,000 MW of renewable energy capacity. The company announced on Wednesday the commissioning of 2,000 MW of solar capacity at the Khavda solar park in Gujarat, solidifying its position as the first firm in India to achieve this feat.
The anticipation of India's upcoming assembly election, with Prime Minister Narendra Modi poised for a potential third term, has ignited a stock market frenzy, propelling a record-breaking 200 Indians onto Forbes' 2024 list of the World's Billionaires—up from 169 last year. Their collective wealth is nearing a trillion dollars, with a staggering total of $954 billion, marking a remarkable 41% surge from $675 billion last year.
The Indian economy will grow at 7.5 per cent in  2024, according to latest estimates by the World Bank. Earlier, the World Bank projected a growth of 6.3 per cent but has now revised its projections.
The Sensex and Nifty, key equity indices, experienced a notable surge, reaching new record highs on Thursday. This upswing was fueled by increased buying activity in IT, consumer durables, and financial sectors, driven by optimistic projections for strong corporate performance. Additionally, investors showed interest in specific banking stocks, anticipating that the RBI's monetary policy committee would maintain the current interest rates. The committee, consisting of six members, commenced discussions on Wednesday and is scheduled to reveal its decision on Friday.
Business news: Markets regulator the Securities and Exchange Board of India (SEBI) today (April 4) said it has received ISO certification for two of its information security systems and two operations controls. This certification highlights Sebi's commitment to upholding high standards of cybersecurity and ensuring the confidentiality, integrity and availability of its data and operations.
In the latest update from the Reserve Bank of India (RBI), the Monetary Policy Committee (MPC) has decided to keep the repo rate steady at 6.5% for the seventh consecutive time. Governor Shaktikanta Das, during the announcement of the bi-monthly policy meeting, highlighted the committee's majority decision of 5:1 to maintain the current stance, focusing on liquidity management to curb inflation. The Standing Deposit Facility (SDF) rate remains at 6.25%, while the Marginal Standing Facility (MSF) rate and Bank Rate stand at 6.75%.
Smallcap stock from the industrial sector, Gujarat Toolroom, has informed BSE about the next dividend payment. According to an exchange filing, the board is slated to meet next week to consider and approve a proposal for up to 165 per cent dividend payment.
Ministry of Civil Aviation (MoCA) sought a detailed report from Vistara regarding flight cancellations and major delays, with the airline having cancelled or delayed over 100 flights in the past week, news agency ANI reported quoting MoCA official on Tuesday. The airline may cancel 60 flights today, the sources said.
The Indian stock market saw little movement today as the Sensex and Nifty traded flat amidst fluctuations, following a lackluster opening in Asian markets. As of 10 am, the BSE Sensex slipped by 41 points to 73,973, while the NSE Nifty50 was marginally down by 8 points, trading at 22,454.
Vistara pilot crisis: Several scheduled Vistara flights were delayed and cancelled on Monday after pilots and many first officers reported sick to protest against a proposed new salary structure. The revised monthly emoluments issue has surfaced ahead of airline's decision to merge with Air India, reports said.
Adani Green Energy Ltd (AGEL) has achieved a significant milestone in India's renewable energy sector by surpassing 10,000 MW of renewable energy capacity. The company announced on Wednesday the commissioning of 2,000 MW of solar capacity at the Khavda solar park in Gujarat, solidifying its position as the first firm in India to achieve this feat.
The anticipation of India's upcoming assembly election, with Prime Minister Narendra Modi poised for a potential third term, has ignited a stock market frenzy, propelling a record-breaking 200 Indians onto Forbes' 2024 list of the World's Billionaires—up from 169 last year. Their collective wealth is nearing a trillion dollars, with a staggering total of $954 billion, marking a remarkable 41% surge from $675 billion last year.
The Indian economy will grow at 7.5 per cent in  2024, according to latest estimates by the World Bank. Earlier, the World Bank projected a growth of 6.3 per cent but has now revised its projections.
The Sensex and Nifty, key equity indices, experienced a notable surge, reaching new record highs on Thursday. This upswing was fueled by increased buying activity in IT, consumer durables, and financial sectors, driven by optimistic projections for strong corporate performance. Additionally, investors showed interest in specific banking stocks, anticipating that the RBI's monetary policy committee would maintain the current interest rates. The committee, consisting of six members, commenced discussions on Wednesday and is scheduled to reveal its decision on Friday.
Business news: Markets regulator the Securities and Exchange Board of India (SEBI) today (April 4) said it has received ISO certification for two of its information security systems and two operations controls. This certification highlights Sebi's commitment to upholding high standards of cybersecurity and ensuring the confidentiality, integrity and availability of its data and operations.
In the latest update from the Reserve Bank of India (RBI), the Monetary Policy Committee (MPC) has decided to keep the repo rate steady at 6.5% for the seventh consecutive time. Governor Shaktikanta Das, during the announcement of the bi-monthly policy meeting, highlighted the committee's majority decision of 5:1 to maintain the current stance, focusing on liquidity management to curb inflation. The Standing Deposit Facility (SDF) rate remains at 6.25%, while the Marginal Standing Facility (MSF) rate and Bank Rate stand at 6.75%.
The Indian stock market saw little movement today as the Sensex and Nifty traded flat amidst fluctuations, following a lackluster opening in Asian markets. As of 10 am, the BSE Sensex slipped by 41 points to 73,973, while the NSE Nifty50 was marginally down by 8 points, trading at 22,454.
Vistara pilot crisis: Several scheduled Vistara flights were delayed and cancelled on Monday after pilots and many first officers reported sick to protest against a proposed new salary structure. The revised monthly emoluments issue has surfaced ahead of airline's decision to merge with Air India, reports said.
Adani Green Energy Ltd (AGEL) has achieved a significant milestone in India's renewable energy sector by surpassing 10,000 MW of renewable energy capacity. The company announced on Wednesday the commissioning of 2,000 MW of solar capacity at the Khavda solar park in Gujarat, solidifying its position as the first firm in India to achieve this feat.
The anticipation of India's upcoming assembly election, with Prime Minister Narendra Modi poised for a potential third term, has ignited a stock market frenzy, propelling a record-breaking 200 Indians onto Forbes' 2024 list of the World's Billionaires—up from 169 last year. Their collective wealth is nearing a trillion dollars, with a staggering total of $954 billion, marking a remarkable 41% surge from $675 billion last year.
The Indian economy will grow at 7.5 per cent in  2024, according to latest estimates by the World Bank. Earlier, the World Bank projected a growth of 6.3 per cent but has now revised its projections.
The Sensex and Nifty, key equity indices, experienced a notable surge, reaching new record highs on Thursday. This upswing was fueled by increased buying activity in IT, consumer durables, and financial sectors, driven by optimistic projections for strong corporate performance. Additionally, investors showed interest in specific banking stocks, anticipating that the RBI's monetary policy committee would maintain the current interest rates. The committee, consisting of six members, commenced discussions on Wednesday and is scheduled to reveal its decision on Friday.
Business news: Markets regulator the Securities and Exchange Board of India (SEBI) today (April 4) said it has received ISO certification for two of its information security systems and two operations controls. This certification highlights Sebi's commitment to upholding high standards of cybersecurity and ensuring the confidentiality, integrity and availability of its data and operations.
In the latest update from the Reserve Bank of India (RBI), the Monetary Policy Committee (MPC) has decided to keep the repo rate steady at 6.5% for the seventh consecutive time. Governor Shaktikanta Das, during the announcement of the bi-monthly policy meeting, highlighted the committee's majority decision of 5:1 to maintain the current stance, focusing on liquidity management to curb inflation. The Standing Deposit Facility (SDF) rate remains at 6.25%, while the Marginal Standing Facility (MSF) rate and Bank Rate stand at 6.75%.
Business news: India's foreign exchange reserves increased USD 2.951 billion to USD 645.583 billion for the week ended March 29, the Reserve Bank of India (RBI) said today (April 5). This is the sixth consecutive week of a jump in overall reserves. The kitty had increased USD 140 million to USD 642.631 billion in the previous reporting week.
Vistara, the full-service carrier, anticipates that operations will return to normal by May as it addresses flight disruptions primarily stemming from a stretched pilot roster. CEO Vinod Kannan also highlighted that the concerns raised by pilots are currently under review and discussion within the airline. 
The Indian stock market saw little movement today as the Sensex and Nifty traded flat amidst fluctuations, following a lackluster opening in Asian markets. As of 10 am, the BSE Sensex slipped by 41 points to 73,973, while the NSE Nifty50 was marginally down by 8 points, trading at 22,454.
Vistara pilot crisis: Several scheduled Vistara flights were delayed and cancelled on Monday after pilots and many first officers reported sick to protest against a proposed new salary structure. The revised monthly emoluments issue has surfaced ahead of airline's decision to merge with Air India, reports said.
Adani Green Energy Ltd (AGEL) has achieved a significant milestone in India's renewable energy sector by surpassing 10,000 MW of renewable energy capacity. The company announced on Wednesday the commissioning of 2,000 MW of solar capacity at the Khavda solar park in Gujarat, solidifying its position as the first firm in India to achieve this feat.
The anticipation of India's upcoming assembly election, with Prime Minister Narendra Modi poised for a potential third term, has ignited a stock market frenzy, propelling a record-breaking 200 Indians onto Forbes' 2024 list of the World's Billionaires—up from 169 last year. Their collective wealth is nearing a trillion dollars, with a staggering total of $954 billion, marking a remarkable 41% surge from $675 billion last year.
The Indian economy will grow at 7.5 per cent in  2024, according to latest estimates by the World Bank. Earlier, the World Bank projected a growth of 6.3 per cent but has now revised its projections.
The Sensex and Nifty, key equity indices, experienced a notable surge, reaching new record highs on Thursday. This upswing was fueled by increased buying activity in IT, consumer durables, and financial sectors, driven by optimistic projections for strong corporate performance. Additionally, investors showed interest in specific banking stocks, anticipating that the RBI's monetary policy committee would maintain the current interest rates. The committee, consisting of six members, commenced discussions on Wednesday and is scheduled to reveal its decision on Friday.
Business news: Markets regulator the Securities and Exchange Board of India (SEBI) today (April 4) said it has received ISO certification for two of its information security systems and two operations controls. This certification highlights Sebi's commitment to upholding high standards of cybersecurity and ensuring the confidentiality, integrity and availability of its data and operations.
In the latest update from the Reserve Bank of India (RBI), the Monetary Policy Committee (MPC) has decided to keep the repo rate steady at 6.5% for the seventh consecutive time. Governor Shaktikanta Das, during the announcement of the bi-monthly policy meeting, highlighted the committee's majority decision of 5:1 to maintain the current stance, focusing on liquidity management to curb inflation. The Standing Deposit Facility (SDF) rate remains at 6.25%, while the Marginal Standing Facility (MSF) rate and Bank Rate stand at 6.75%.
Business news: India's foreign exchange reserves increased USD 2.951 billion to USD 645.583 billion for the week ended March 29, the Reserve Bank of India (RBI) said today (April 5). This is the sixth consecutive week of a jump in overall reserves. The kitty had increased USD 140 million to USD 642.631 billion in the previous reporting week.
Vistara, the full-service carrier, anticipates that operations will return to normal by May as it addresses flight disruptions primarily stemming from a stretched pilot roster. CEO Vinod Kannan also highlighted that the concerns raised by pilots are currently under review and discussion within the airline. 
The Indian stock market saw little movement today as the Sensex and Nifty traded flat amidst fluctuations, following a lackluster opening in Asian markets. As of 10 am, the BSE Sensex slipped by 41 points to 73,973, while the NSE Nifty50 was marginally down by 8 points, trading at 22,454.
Vistara pilot crisis: Several scheduled Vistara flights were delayed and cancelled on Monday after pilots and many first officers reported sick to protest against a proposed new salary structure. The revised monthly emoluments issue has surfaced ahead of airline's decision to merge with Air India, reports said.
Adani Green Energy Ltd (AGEL) has achieved a significant milestone in India's renewable energy sector by surpassing 10,000 MW of renewable energy capacity. The company announced on Wednesday the commissioning of 2,000 MW of solar capacity at the Khavda solar park in Gujarat, solidifying its position as the first firm in India to achieve this feat.
The anticipation of India's upcoming assembly election, with Prime Minister Narendra Modi poised for a potential third term, has ignited a stock market frenzy, propelling a record-breaking 200 Indians onto Forbes' 2024 list of the World's Billionaires—up from 169 last year. Their collective wealth is nearing a trillion dollars, with a staggering total of $954 billion, marking a remarkable 41% surge from $675 billion last year.
The Indian economy will grow at 7.5 per cent in  2024, according to latest estimates by the World Bank. Earlier, the World Bank projected a growth of 6.3 per cent but has now revised its projections.
The Sensex and Nifty, key equity indices, experienced a notable surge, reaching new record highs on Thursday. This upswing was fueled by increased buying activity in IT, consumer durables, and financial sectors, driven by optimistic projections for strong corporate performance. Additionally, investors showed interest in specific banking stocks, anticipating that the RBI's monetary policy committee would maintain the current interest rates. The committee, consisting of six members, commenced discussions on Wednesday and is scheduled to reveal its decision on Friday.
Business news: Markets regulator the Securities and Exchange Board of India (SEBI) today (April 4) said it has received ISO certification for two of its information security systems and two operations controls. This certification highlights Sebi's commitment to upholding high standards of cybersecurity and ensuring the confidentiality, integrity and availability of its data and operations.
In the latest update from the Reserve Bank of India (RBI), the Monetary Policy Committee (MPC) has decided to keep the repo rate steady at 6.5% for the seventh consecutive time. Governor Shaktikanta Das, during the announcement of the bi-monthly policy meeting, highlighted the committee's majority decision of 5:1 to maintain the current stance, focusing on liquidity management to curb inflation. The Standing Deposit Facility (SDF) rate remains at 6.25%, while the Marginal Standing Facility (MSF) rate and Bank Rate stand at 6.75%.
Business news: India's foreign exchange reserves increased USD 2.951 billion to USD 645.583 billion for the week ended March 29, the Reserve Bank of India (RBI) said today (April 5). This is the sixth consecutive week of a jump in overall reserves. The kitty had increased USD 140 million to USD 642.631 billion in the previous reporting week.
Vistara, the full-service carrier, anticipates that operations will return to normal by May as it addresses flight disruptions primarily stemming from a stretched pilot roster. CEO Vinod Kannan also highlighted that the concerns raised by pilots are currently under review and discussion within the airline. 
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