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IndiaTV Business: Google News Feed: Digest for April 08, 2024

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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 bilateral trade between Singapore and India rose to USD 35.6 billion in 2022-23, a growth of 18.2 per cent on the year, a senior diplomat at the Indian High Commission here said on Saturday. Singapore is India's eighth largest trade partner (2022-23), with a share of 3.1 per cent of India's overall trade, T Prabakar, the First Secretary (Commerce) at the high commission said.
The Chief Executive Officer (CEO) of Vistara, Vinod Kannan, said today (April 6) that the airline hopes to stabilise operations for the rest of April 2024 by this weekend, as 98 per cent of pilots have signed the new pay contract. The airline said it has been reaching out to all customers affected by the delays and cancellations to offer relevant refunds and compensation.
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 bilateral trade between Singapore and India rose to USD 35.6 billion in 2022-23, a growth of 18.2 per cent on the year, a senior diplomat at the Indian High Commission here said on Saturday. Singapore is India's eighth largest trade partner (2022-23), with a share of 3.1 per cent of India's overall trade, T Prabakar, the First Secretary (Commerce) at the high commission said.
The Chief Executive Officer (CEO) of Vistara, Vinod Kannan, said today (April 6) that the airline hopes to stabilise operations for the rest of April 2024 by this weekend, as 98 per cent of pilots have signed the new pay contract. The airline said it has been reaching out to all customers affected by the delays and cancellations to offer relevant refunds and compensation.
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 bilateral trade between Singapore and India rose to USD 35.6 billion in 2022-23, a growth of 18.2 per cent on the year, a senior diplomat at the Indian High Commission here said on Saturday. Singapore is India's eighth largest trade partner (2022-23), with a share of 3.1 per cent of India's overall trade, T Prabakar, the First Secretary (Commerce) at the high commission said.
The Chief Executive Officer (CEO) of Vistara, Vinod Kannan, said today (April 6) that the airline hopes to stabilise operations for the rest of April 2024 by this weekend, as 98 per cent of pilots have signed the new pay contract. The airline said it has been reaching out to all customers affected by the delays and cancellations to offer relevant refunds and compensation.
Debt-ridden telecom firm Vodafone Idea on Saturday said its board has approved raising Rs 2,075 crore from promoter Aditya Birla group and increasing its authorised share capital to Rs 1 lakh crore. The company will seek shareholders' approval at an extraordinary general meeting on May 8 on the proposals, it said in a regulatory filing.
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 bilateral trade between Singapore and India rose to USD 35.6 billion in 2022-23, a growth of 18.2 per cent on the year, a senior diplomat at the Indian High Commission here said on Saturday. Singapore is India's eighth largest trade partner (2022-23), with a share of 3.1 per cent of India's overall trade, T Prabakar, the First Secretary (Commerce) at the high commission said.
The Chief Executive Officer (CEO) of Vistara, Vinod Kannan, said today (April 6) that the airline hopes to stabilise operations for the rest of April 2024 by this weekend, as 98 per cent of pilots have signed the new pay contract. The airline said it has been reaching out to all customers affected by the delays and cancellations to offer relevant refunds and compensation.
Debt-ridden telecom firm Vodafone Idea on Saturday said its board has approved raising Rs 2,075 crore from promoter Aditya Birla group and increasing its authorised share capital to Rs 1 lakh crore. The company will seek shareholders' approval at an extraordinary general meeting on May 8 on the proposals, it said in a regulatory filing.
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 bilateral trade between Singapore and India rose to USD 35.6 billion in 2022-23, a growth of 18.2 per cent on the year, a senior diplomat at the Indian High Commission here said on Saturday. Singapore is India's eighth largest trade partner (2022-23), with a share of 3.1 per cent of India's overall trade, T Prabakar, the First Secretary (Commerce) at the high commission said.
The Chief Executive Officer (CEO) of Vistara, Vinod Kannan, said today (April 6) that the airline hopes to stabilise operations for the rest of April 2024 by this weekend, as 98 per cent of pilots have signed the new pay contract. The airline said it has been reaching out to all customers affected by the delays and cancellations to offer relevant refunds and compensation.
Debt-ridden telecom firm Vodafone Idea on Saturday said its board has approved raising Rs 2,075 crore from promoter Aditya Birla group and increasing its authorised share capital to Rs 1 lakh crore. The company will seek shareholders' approval at an extraordinary general meeting on May 8 on the proposals, it said in a regulatory filing.
Amid simmering discontent among Vistara pilots, its CEO Vinod Kannan said, concerns which were raised by the pilots have been taken into consideration and are being reviewed by the airline.  Citing the stretched roster for pilots as the significant reason for the operational disruption (causing a temporary reduction in flight operations), Kannan said the situation would be normalised by May as the airline carrier is looking to review the current rostering system. 
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 bilateral trade between Singapore and India rose to USD 35.6 billion in 2022-23, a growth of 18.2 per cent on the year, a senior diplomat at the Indian High Commission here said on Saturday. Singapore is India's eighth largest trade partner (2022-23), with a share of 3.1 per cent of India's overall trade, T Prabakar, the First Secretary (Commerce) at the high commission said.
The Chief Executive Officer (CEO) of Vistara, Vinod Kannan, said today (April 6) that the airline hopes to stabilise operations for the rest of April 2024 by this weekend, as 98 per cent of pilots have signed the new pay contract. The airline said it has been reaching out to all customers affected by the delays and cancellations to offer relevant refunds and compensation.
Debt-ridden telecom firm Vodafone Idea on Saturday said its board has approved raising Rs 2,075 crore from promoter Aditya Birla group and increasing its authorised share capital to Rs 1 lakh crore. The company will seek shareholders' approval at an extraordinary general meeting on May 8 on the proposals, it said in a regulatory filing.
Amid simmering discontent among Vistara pilots, its CEO Vinod Kannan said, concerns which were raised by the pilots have been taken into consideration and are being reviewed by the airline.  Citing the stretched roster for pilots as the significant reason for the operational disruption (causing a temporary reduction in flight operations), Kannan said the situation would be normalised by May as the airline carrier is looking to review the current rostering system. 
New Delhi: Vistara on Sunday said it is scaling back its operations by 25-30 flights per day to provide a 'much-needed buffer in the rosters' as the full-service carrier strives to stabilise operations amid pilot woes, the airline spokesperson said. The airline, scheduled to operate over 300 flights daily in the summer schedule commencing on March 31, aims for operational stability in April.
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 bilateral trade between Singapore and India rose to USD 35.6 billion in 2022-23, a growth of 18.2 per cent on the year, a senior diplomat at the Indian High Commission here said on Saturday. Singapore is India's eighth largest trade partner (2022-23), with a share of 3.1 per cent of India's overall trade, T Prabakar, the First Secretary (Commerce) at the high commission said.
The Chief Executive Officer (CEO) of Vistara, Vinod Kannan, said today (April 6) that the airline hopes to stabilise operations for the rest of April 2024 by this weekend, as 98 per cent of pilots have signed the new pay contract. The airline said it has been reaching out to all customers affected by the delays and cancellations to offer relevant refunds and compensation.
Debt-ridden telecom firm Vodafone Idea on Saturday said its board has approved raising Rs 2,075 crore from promoter Aditya Birla group and increasing its authorised share capital to Rs 1 lakh crore. The company will seek shareholders' approval at an extraordinary general meeting on May 8 on the proposals, it said in a regulatory filing.
Amid simmering discontent among Vistara pilots, its CEO Vinod Kannan said, concerns which were raised by the pilots have been taken into consideration and are being reviewed by the airline.  Citing the stretched roster for pilots as the significant reason for the operational disruption (causing a temporary reduction in flight operations), Kannan said the situation would be normalised by May as the airline carrier is looking to review the current rostering system. 
New Delhi: Vistara on Sunday said it is scaling back its operations by 25-30 flights per day to provide a 'much-needed buffer in the rosters' as the full-service carrier strives to stabilise operations amid pilot woes, the airline spokesperson said. The airline, scheduled to operate over 300 flights daily in the summer schedule commencing on March 31, aims for operational stability in April.
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