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IndiaTV Business: Google News Feed: Digest for May 02, 2024

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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.
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.
Stock market update: Stock exchanges will remain shut today (May 1) on account of Maharashtra Day, and normal trading will resume on Thursday (May 2). The next market holiday is on May 20 (Monday) for Lok Sabha Elections 2024.

127-year-old Godrej Group splits conglomerate between family

Wednesday 01 May 2024 04:11 AM UTC+00
Godrej Group splits: The founding family of the 127-year-old Godrej Group, which deals in locks to soaps to aerospace to real estate, has reached an agreement to split the conglomerate, as per a joint announcement. On Tuesday (April 30), the Godrej family announced an ownership realignment of their shareholdings in the Godrej Companies.
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.
Stock market update: Stock exchanges will remain shut today (May 1) on account of Maharashtra Day, and normal trading will resume on Thursday (May 2). The next market holiday is on May 20 (Monday) for Lok Sabha Elections 2024.

127-year-old Godrej Group splits conglomerate between family

Wednesday 01 May 2024 04:11 AM UTC+00
Godrej Group splits: The founding family of the 127-year-old Godrej Group, which deals in locks to soaps to aerospace to real estate, has reached an agreement to split the conglomerate, as per a joint announcement. On Tuesday (April 30), the Godrej family announced an ownership realignment of their shareholdings in the Godrej Companies.
New Delhi: The Gross Goods and Services Tax (GST) collections hit a record high at Rs 2.10 lakh crore in April, growing 12.4 per cent on year-on-year basis, the Finance Ministry said in a statement on Wednesday. GST collection in March reached Rs 1.78 lakh crore. It's notable that the highest-ever GST collection was recorded at Rs 1.87 lakh crore in April 2023.
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.
Stock market update: Stock exchanges will remain shut today (May 1) on account of Maharashtra Day, and normal trading will resume on Thursday (May 2). The next market holiday is on May 20 (Monday) for Lok Sabha Elections 2024.

127-year-old Godrej Group splits conglomerate between family

Wednesday 01 May 2024 04:11 AM UTC+00
Godrej Group splits: The founding family of the 127-year-old Godrej Group, which deals in locks to soaps to aerospace to real estate, has reached an agreement to split the conglomerate, as per a joint announcement. On Tuesday (April 30), the Godrej family announced an ownership realignment of their shareholdings in the Godrej Companies.
New Delhi: The Gross Goods and Services Tax (GST) collections hit a record high at Rs 2.10 lakh crore in April, growing 12.4 per cent on year-on-year basis, the Finance Ministry said in a statement on Wednesday. GST collection in March reached Rs 1.78 lakh crore. It's notable that the highest-ever GST collection was recorded at Rs 1.87 lakh crore in April 2023.
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.
Stock market update: Stock exchanges will remain shut today (May 1) on account of Maharashtra Day, and normal trading will resume on Thursday (May 2). The next market holiday is on May 20 (Monday) for Lok Sabha Elections 2024.

127-year-old Godrej Group splits conglomerate between family

Wednesday 01 May 2024 04:11 AM UTC+00
Godrej Group splits: The founding family of the 127-year-old Godrej Group, which deals in locks to soaps to aerospace to real estate, has reached an agreement to split the conglomerate, as per a joint announcement. On Tuesday (April 30), the Godrej family announced an ownership realignment of their shareholdings in the Godrej Companies.
New Delhi: The Gross Goods and Services Tax (GST) collections hit a record high at Rs 2.10 lakh crore in April, growing 12.4 per cent on year-on-year basis, the Finance Ministry said in a statement on Wednesday. GST collection in March reached Rs 1.78 lakh crore. It's notable that the highest-ever GST collection was recorded at Rs 1.87 lakh crore in April 2023.
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.
Stock market update: Stock exchanges will remain shut today (May 1) on account of Maharashtra Day, and normal trading will resume on Thursday (May 2). The next market holiday is on May 20 (Monday) for Lok Sabha Elections 2024.

127-year-old Godrej Group splits conglomerate between family

Wednesday 01 May 2024 04:11 AM UTC+00
Godrej Group splits: The founding family of the 127-year-old Godrej Group, which deals in locks to soaps to aerospace to real estate, has reached an agreement to split the conglomerate, as per a joint announcement. On Tuesday (April 30), the Godrej family announced an ownership realignment of their shareholdings in the Godrej Companies.
New Delhi: The Gross Goods and Services Tax (GST) collections hit a record high at Rs 2.10 lakh crore in April, growing 12.4 per cent on year-on-year basis, the Finance Ministry said in a statement on Wednesday. GST collection in March reached Rs 1.78 lakh crore. It's notable that the highest-ever GST collection was recorded at Rs 1.87 lakh crore in April 2023.
Despite the rising cost, the demand for gold is rising in India. According to a World Gold Council report titled 'Gold Demand Trends Q1 2024', India has registered a growth in gold demand in the quarter of March compared to the same period last year. 
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.
Stock market update: Stock exchanges will remain shut today (May 1) on account of Maharashtra Day, and normal trading will resume on Thursday (May 2). The next market holiday is on May 20 (Monday) for Lok Sabha Elections 2024.

127-year-old Godrej Group splits conglomerate between family

Wednesday 01 May 2024 04:11 AM UTC+00
Godrej Group splits: The founding family of the 127-year-old Godrej Group, which deals in locks to soaps to aerospace to real estate, has reached an agreement to split the conglomerate, as per a joint announcement. On Tuesday (April 30), the Godrej family announced an ownership realignment of their shareholdings in the Godrej Companies.
New Delhi: The Gross Goods and Services Tax (GST) collections hit a record high at Rs 2.10 lakh crore in April, growing 12.4 per cent on year-on-year basis, the Finance Ministry said in a statement on Wednesday. GST collection in March reached Rs 1.78 lakh crore. It's notable that the highest-ever GST collection was recorded at Rs 1.87 lakh crore in April 2023.
Despite the rising cost, the demand for gold is rising in India. According to a World Gold Council report titled 'Gold Demand Trends Q1 2024', India has registered a growth in gold demand in the quarter of March compared to the same period last year. 
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