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IndiaTV Business: Google News Feed: Digest for May 11, 2024

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Billionaire investor Warren Buffett, speaking at Berkshire Hathaway's annual meeting, expressed interest in exploring untapped opportunities in the Indian market. Responding to a query from Rajeev Agarwal of DoorDarshi Advisors about the possibility of Berkshire venturing into India, Buffett acknowledged the potential of the Indian economy as the world's fifth-largest.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 450 points to 74,081.79. Meanwhile, the Nifty was trading at over 22,550 points. 
In today's trading session, the stock market witnessed mixed movement, with the Sensex closing marginally up and the Nifty slipping. The Sensex, India's benchmark stock index, edged up by 17.39 points, closing at 73,895.54. Despite minor gains, the index managed to maintain its position above the 73,000 mark. On the other hand, the Nifty, representing the broader market sentiment, dipped by 33.15 points, closing at 22,442.70. The decline in the Nifty reflects a slight downturn in market performance.
Stock markets update: Equity benchmark indices opened with minor gains in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 77.76 points to 73,973.30 Meanwhile, the Nifty was also up by 47.10 points to 22,489.80 points.
Stock markets update: Equity benchmark indices opened in red in early trade on Wednesday amid weak global cues. In the early trade, the 30-share BSE Sensex declined 363.09 points to 73,148.76. Meanwhile, the Nifty dropped by 116.9 points to 22,185.60 points.
The Reserve Bank of India (RBI) has proposed stricter regulations regarding loans for under-construction projects. The central bank's draft regulations suggested classifying projects based on their stages and provisioning up to five per cent during construction. Previous project loans had increased pressure on bank balances due to Non-Performing Assets (NPA). Through this, RBI aims to reduce banks' Net Performing Assets (NPA).
Stock markets update: Equity benchmark indices opened in the red on the second consecutive day in early trade on Thursday amid weak global cues. In the early trade, the 30-share BSE Sensex declined 251.42 points to 73,214.97. Meanwhile, the Nifty dropped by 68.50 points to 22,231.50 points.
The Supreme Court has affirmed that the interest-free or concessional loans provided by banks to their employees are considered "fringe benefits" and are subject to taxation. A bench of Justices Sanjiv Khanna and Dipankar Datta emphasized that the loan privilege enjoyed by bank staff is distinct and constitutes a "perquisite," contrasting it with "profit in lieu salary," which serves as a form of reward or compensation for past or future services.
The Sensex and the Nifty 50, India's domestic equity benchmark indices, sustained their morning losses, slipping by over 1 percent during Thursday's trading session. Persistent worries surrounding the general elections fueled the market downturn, amplifying concerns among investors. As the weekly Nifty options expiry loomed, scheduled for the day, the headline indices experienced heightened volatility, exacerbating the market turmoil. Uncertainty prevailed, impacting trading sentiment and market dynamics.
In a major breakthrough, a section of Air India Express cabin crew withdrew their strike after getting assurance from the airlines on Thursday. The protesting crew members have decided to join back for duty after the airline assured to look into all the issues raised by them. The airline agreed to withdraw the termination letters issued to 25 cabin crew and the management will review the cases as per service regulations.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 450 points to 74,081.79. Meanwhile, the Nifty was trading at over 22,550 points. 
In today's trading session, the stock market witnessed mixed movement, with the Sensex closing marginally up and the Nifty slipping. The Sensex, India's benchmark stock index, edged up by 17.39 points, closing at 73,895.54. Despite minor gains, the index managed to maintain its position above the 73,000 mark. On the other hand, the Nifty, representing the broader market sentiment, dipped by 33.15 points, closing at 22,442.70. The decline in the Nifty reflects a slight downturn in market performance.
Stock markets update: Equity benchmark indices opened with minor gains in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 77.76 points to 73,973.30 Meanwhile, the Nifty was also up by 47.10 points to 22,489.80 points.
Stock markets update: Equity benchmark indices opened in red in early trade on Wednesday amid weak global cues. In the early trade, the 30-share BSE Sensex declined 363.09 points to 73,148.76. Meanwhile, the Nifty dropped by 116.9 points to 22,185.60 points.
The Reserve Bank of India (RBI) has proposed stricter regulations regarding loans for under-construction projects. The central bank's draft regulations suggested classifying projects based on their stages and provisioning up to five per cent during construction. Previous project loans had increased pressure on bank balances due to Non-Performing Assets (NPA). Through this, RBI aims to reduce banks' Net Performing Assets (NPA).
Stock markets update: Equity benchmark indices opened in the red on the second consecutive day in early trade on Thursday amid weak global cues. In the early trade, the 30-share BSE Sensex declined 251.42 points to 73,214.97. Meanwhile, the Nifty dropped by 68.50 points to 22,231.50 points.
The Supreme Court has affirmed that the interest-free or concessional loans provided by banks to their employees are considered "fringe benefits" and are subject to taxation. A bench of Justices Sanjiv Khanna and Dipankar Datta emphasized that the loan privilege enjoyed by bank staff is distinct and constitutes a "perquisite," contrasting it with "profit in lieu salary," which serves as a form of reward or compensation for past or future services.
The Sensex and the Nifty 50, India's domestic equity benchmark indices, sustained their morning losses, slipping by over 1 percent during Thursday's trading session. Persistent worries surrounding the general elections fueled the market downturn, amplifying concerns among investors. As the weekly Nifty options expiry loomed, scheduled for the day, the headline indices experienced heightened volatility, exacerbating the market turmoil. Uncertainty prevailed, impacting trading sentiment and market dynamics.
In a major breakthrough, a section of Air India Express cabin crew withdrew their strike after getting assurance from the airlines on Thursday. The protesting crew members have decided to join back for duty after the airline assured to look into all the issues raised by them. The airline agreed to withdraw the termination letters issued to 25 cabin crew and the management will review the cases as per service regulations.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 203.52 points to 72,607.69. Meanwhile, the Nifty declined was also up by 83.7 points to 22,041.20 points.
In today's trading session, the stock market witnessed mixed movement, with the Sensex closing marginally up and the Nifty slipping. The Sensex, India's benchmark stock index, edged up by 17.39 points, closing at 73,895.54. Despite minor gains, the index managed to maintain its position above the 73,000 mark. On the other hand, the Nifty, representing the broader market sentiment, dipped by 33.15 points, closing at 22,442.70. The decline in the Nifty reflects a slight downturn in market performance.
Stock markets update: Equity benchmark indices opened with minor gains in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 77.76 points to 73,973.30 Meanwhile, the Nifty was also up by 47.10 points to 22,489.80 points.
Stock markets update: Equity benchmark indices opened in red in early trade on Wednesday amid weak global cues. In the early trade, the 30-share BSE Sensex declined 363.09 points to 73,148.76. Meanwhile, the Nifty dropped by 116.9 points to 22,185.60 points.
The Reserve Bank of India (RBI) has proposed stricter regulations regarding loans for under-construction projects. The central bank's draft regulations suggested classifying projects based on their stages and provisioning up to five per cent during construction. Previous project loans had increased pressure on bank balances due to Non-Performing Assets (NPA). Through this, RBI aims to reduce banks' Net Performing Assets (NPA).
Stock markets update: Equity benchmark indices opened in the red on the second consecutive day in early trade on Thursday amid weak global cues. In the early trade, the 30-share BSE Sensex declined 251.42 points to 73,214.97. Meanwhile, the Nifty dropped by 68.50 points to 22,231.50 points.
The Supreme Court has affirmed that the interest-free or concessional loans provided by banks to their employees are considered "fringe benefits" and are subject to taxation. A bench of Justices Sanjiv Khanna and Dipankar Datta emphasized that the loan privilege enjoyed by bank staff is distinct and constitutes a "perquisite," contrasting it with "profit in lieu salary," which serves as a form of reward or compensation for past or future services.
The Sensex and the Nifty 50, India's domestic equity benchmark indices, sustained their morning losses, slipping by over 1 percent during Thursday's trading session. Persistent worries surrounding the general elections fueled the market downturn, amplifying concerns among investors. As the weekly Nifty options expiry loomed, scheduled for the day, the headline indices experienced heightened volatility, exacerbating the market turmoil. Uncertainty prevailed, impacting trading sentiment and market dynamics.
In a major breakthrough, a section of Air India Express cabin crew withdrew their strike after getting assurance from the airlines on Thursday. The protesting crew members have decided to join back for duty after the airline assured to look into all the issues raised by them. The airline agreed to withdraw the termination letters issued to 25 cabin crew and the management will review the cases as per service regulations.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 203.52 points to 72,607.69. Meanwhile, the Nifty declined was also up by 83.7 points to 22,041.20 points.
Akshaya Tritiya: Gold rates saw a slight increase across India on Friday, coinciding with the celebration of Akshaya Tritiya. In Delhi, the price for 10 grams of 24-carat gold stood at Rs Rs. 73,240 today. On the Multi Commodity Exchange (MCX), gold contracts for June delivery traded higher by Rs 93 at Rs 73,090 per 10 grams. Gold prices have surged by approximately 20% since last year's Akshaya Tritiya, soaring from around Rs 60,000 levels during 2023, according to the India Bullion and Jewellers Association.
Stock markets update: Equity benchmark indices opened with minor gains in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 77.76 points to 73,973.30 Meanwhile, the Nifty was also up by 47.10 points to 22,489.80 points.
Stock markets update: Equity benchmark indices opened in red in early trade on Wednesday amid weak global cues. In the early trade, the 30-share BSE Sensex declined 363.09 points to 73,148.76. Meanwhile, the Nifty dropped by 116.9 points to 22,185.60 points.
The Reserve Bank of India (RBI) has proposed stricter regulations regarding loans for under-construction projects. The central bank's draft regulations suggested classifying projects based on their stages and provisioning up to five per cent during construction. Previous project loans had increased pressure on bank balances due to Non-Performing Assets (NPA). Through this, RBI aims to reduce banks' Net Performing Assets (NPA).
Stock markets update: Equity benchmark indices opened in the red on the second consecutive day in early trade on Thursday amid weak global cues. In the early trade, the 30-share BSE Sensex declined 251.42 points to 73,214.97. Meanwhile, the Nifty dropped by 68.50 points to 22,231.50 points.
The Supreme Court has affirmed that the interest-free or concessional loans provided by banks to their employees are considered "fringe benefits" and are subject to taxation. A bench of Justices Sanjiv Khanna and Dipankar Datta emphasized that the loan privilege enjoyed by bank staff is distinct and constitutes a "perquisite," contrasting it with "profit in lieu salary," which serves as a form of reward or compensation for past or future services.
The Sensex and the Nifty 50, India's domestic equity benchmark indices, sustained their morning losses, slipping by over 1 percent during Thursday's trading session. Persistent worries surrounding the general elections fueled the market downturn, amplifying concerns among investors. As the weekly Nifty options expiry loomed, scheduled for the day, the headline indices experienced heightened volatility, exacerbating the market turmoil. Uncertainty prevailed, impacting trading sentiment and market dynamics.
In a major breakthrough, a section of Air India Express cabin crew withdrew their strike after getting assurance from the airlines on Thursday. The protesting crew members have decided to join back for duty after the airline assured to look into all the issues raised by them. The airline agreed to withdraw the termination letters issued to 25 cabin crew and the management will review the cases as per service regulations.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 203.52 points to 72,607.69. Meanwhile, the Nifty declined was also up by 83.7 points to 22,041.20 points.
Akshaya Tritiya: Gold rates saw a slight increase across India on Friday, coinciding with the celebration of Akshaya Tritiya. In Delhi, the price for 10 grams of 24-carat gold stood at Rs Rs. 73,240 today. On the Multi Commodity Exchange (MCX), gold contracts for June delivery traded higher by Rs 93 at Rs 73,090 per 10 grams. Gold prices have surged by approximately 20% since last year's Akshaya Tritiya, soaring from around Rs 60,000 levels during 2023, according to the India Bullion and Jewellers Association.
Industrial production grew by 5.8 per cent in Financial Year 2024 against 5.2 per cent expansion in 2022-23, the government data said on Friday. In March, the industrial production was at 4.9 per cent against 1.9 per cent a year ago, the data added.
Stock markets update: Equity benchmark indices opened with minor gains in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 77.76 points to 73,973.30 Meanwhile, the Nifty was also up by 47.10 points to 22,489.80 points.
Stock markets update: Equity benchmark indices opened in red in early trade on Wednesday amid weak global cues. In the early trade, the 30-share BSE Sensex declined 363.09 points to 73,148.76. Meanwhile, the Nifty dropped by 116.9 points to 22,185.60 points.
The Reserve Bank of India (RBI) has proposed stricter regulations regarding loans for under-construction projects. The central bank's draft regulations suggested classifying projects based on their stages and provisioning up to five per cent during construction. Previous project loans had increased pressure on bank balances due to Non-Performing Assets (NPA). Through this, RBI aims to reduce banks' Net Performing Assets (NPA).
Stock markets update: Equity benchmark indices opened in the red on the second consecutive day in early trade on Thursday amid weak global cues. In the early trade, the 30-share BSE Sensex declined 251.42 points to 73,214.97. Meanwhile, the Nifty dropped by 68.50 points to 22,231.50 points.
The Supreme Court has affirmed that the interest-free or concessional loans provided by banks to their employees are considered "fringe benefits" and are subject to taxation. A bench of Justices Sanjiv Khanna and Dipankar Datta emphasized that the loan privilege enjoyed by bank staff is distinct and constitutes a "perquisite," contrasting it with "profit in lieu salary," which serves as a form of reward or compensation for past or future services.
The Sensex and the Nifty 50, India's domestic equity benchmark indices, sustained their morning losses, slipping by over 1 percent during Thursday's trading session. Persistent worries surrounding the general elections fueled the market downturn, amplifying concerns among investors. As the weekly Nifty options expiry loomed, scheduled for the day, the headline indices experienced heightened volatility, exacerbating the market turmoil. Uncertainty prevailed, impacting trading sentiment and market dynamics.
In a major breakthrough, a section of Air India Express cabin crew withdrew their strike after getting assurance from the airlines on Thursday. The protesting crew members have decided to join back for duty after the airline assured to look into all the issues raised by them. The airline agreed to withdraw the termination letters issued to 25 cabin crew and the management will review the cases as per service regulations.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 203.52 points to 72,607.69. Meanwhile, the Nifty declined was also up by 83.7 points to 22,041.20 points.
Akshaya Tritiya: Gold rates saw a slight increase across India on Friday, coinciding with the celebration of Akshaya Tritiya. In Delhi, the price for 10 grams of 24-carat gold stood at Rs Rs. 73,240 today. On the Multi Commodity Exchange (MCX), gold contracts for June delivery traded higher by Rs 93 at Rs 73,090 per 10 grams. Gold prices have surged by approximately 20% since last year's Akshaya Tritiya, soaring from around Rs 60,000 levels during 2023, according to the India Bullion and Jewellers Association.
Industrial production grew by 5.8 per cent in Financial Year 2024 against 5.2 per cent expansion in 2022-23, the government data said on Friday. In March, the industrial production was at 4.9 per cent against 1.9 per cent a year ago, the data added.
Stock markets update: Equity benchmark indices opened with minor gains in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 77.76 points to 73,973.30 Meanwhile, the Nifty was also up by 47.10 points to 22,489.80 points.
Stock markets update: Equity benchmark indices opened in red in early trade on Wednesday amid weak global cues. In the early trade, the 30-share BSE Sensex declined 363.09 points to 73,148.76. Meanwhile, the Nifty dropped by 116.9 points to 22,185.60 points.
The Reserve Bank of India (RBI) has proposed stricter regulations regarding loans for under-construction projects. The central bank's draft regulations suggested classifying projects based on their stages and provisioning up to five per cent during construction. Previous project loans had increased pressure on bank balances due to Non-Performing Assets (NPA). Through this, RBI aims to reduce banks' Net Performing Assets (NPA).
Stock markets update: Equity benchmark indices opened in the red on the second consecutive day in early trade on Thursday amid weak global cues. In the early trade, the 30-share BSE Sensex declined 251.42 points to 73,214.97. Meanwhile, the Nifty dropped by 68.50 points to 22,231.50 points.
The Supreme Court has affirmed that the interest-free or concessional loans provided by banks to their employees are considered "fringe benefits" and are subject to taxation. A bench of Justices Sanjiv Khanna and Dipankar Datta emphasized that the loan privilege enjoyed by bank staff is distinct and constitutes a "perquisite," contrasting it with "profit in lieu salary," which serves as a form of reward or compensation for past or future services.
The Sensex and the Nifty 50, India's domestic equity benchmark indices, sustained their morning losses, slipping by over 1 percent during Thursday's trading session. Persistent worries surrounding the general elections fueled the market downturn, amplifying concerns among investors. As the weekly Nifty options expiry loomed, scheduled for the day, the headline indices experienced heightened volatility, exacerbating the market turmoil. Uncertainty prevailed, impacting trading sentiment and market dynamics.
In a major breakthrough, a section of Air India Express cabin crew withdrew their strike after getting assurance from the airlines on Thursday. The protesting crew members have decided to join back for duty after the airline assured to look into all the issues raised by them. The airline agreed to withdraw the termination letters issued to 25 cabin crew and the management will review the cases as per service regulations.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 203.52 points to 72,607.69. Meanwhile, the Nifty declined was also up by 83.7 points to 22,041.20 points.
Akshaya Tritiya: Gold rates saw a slight increase across India on Friday, coinciding with the celebration of Akshaya Tritiya. In Delhi, the price for 10 grams of 24-carat gold stood at Rs Rs. 73,240 today. On the Multi Commodity Exchange (MCX), gold contracts for June delivery traded higher by Rs 93 at Rs 73,090 per 10 grams. Gold prices have surged by approximately 20% since last year's Akshaya Tritiya, soaring from around Rs 60,000 levels during 2023, according to the India Bullion and Jewellers Association.
Industrial production grew by 5.8 per cent in Financial Year 2024 against 5.2 per cent expansion in 2022-23, the government data said on Friday. In March, the industrial production was at 4.9 per cent against 1.9 per cent a year ago, the data added.
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