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IndiaTV Business: Google News Feed: Digest for May 17, 2024

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The government is set to take strict action to deal with fake reviews of products being sold on e-commerce websites/apps. The government is likely to make it mandatory for e-commerce companies to comply with quality norms for consumer reviews. The development comes after a voluntary push failed to effectively curb fake reviews.
Stock markets update: Equity benchmark indices opened higher in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 225.92 points to 73,002.05. Meanwhile, the Nifty declined was also up by 78.65 points to 22,182.70 points.
Wholesale inflation: India's wholesale inflation in India, based on the Wholesale Price Index (WPI), surged to 1.26 per cent in April on an annual basis, marking a notable increase from the 0.53 per cent recorded in March and reaching a 13-month high, data from the Commerce Ministry on Tuesday showed.
The Indian stock market witnessed a bullish trend on Tuesday, with the Sensex and Nifty extending their gains for the third consecutive day. Strong performances in the auto, metal, and banking sectors primarily fueled the rally. The Sensex closed 328 points higher at 73,105, while the Nifty settled at 22,218, marking an increase of 114 points.
Walmart on Tuesday (May 14) announced layoffs affecting several hundred jobs at the retail giant's campus offices. It also said that it will require most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to its primary offices in Bentonville, Arkansas, Hoboken, New Jersey, and the San Francisco Bay Area.
Stock markets update: Equity benchmark indices opened higher in early trade on Wednesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 138.53 points to 73,243.14. Meanwhile, the Nifty was also up by 60.7 points to 22,278.55. 
Money transfer: Credit cards can be incredibly useful in times of urgent need when funds are unavailable. However, it's crucial to use them wisely and ensure that bills are paid on time to avoid falling into debt. While credit cards offer convenience, they may not be accepted for certain transactions such as mortgages, purchasing stocks, or sending money orders. In such cases, transferring money from your credit card to your bank account provides an alternative means of accessing funds. This process allows you to utilise funds when credit card payments are not accepted.
In the latest trading session, the benchmark indices, Sensex and Nifty, experienced marginal declines. The Sensex slipped by 117.58 points, settling at 72,987.03, while the Nifty recorded a dip of 17.30 points, closing at 22,200.55. The Sensex, representing the top 30 companies listed on the Bombay Stock Exchange (BSE), witnessed a modest decline of 117.58 points, marking a marginal decrease in its value. It concluded the trading session at 72,987.03, reflecting a cautious sentiment among investors.
India unemployment rate: The unemployment rate in the urban areas decreased to 6.7 per cent during the January-March period from 6.8 per cent a year ago for people aged 15 years and above, according to the National Sample Survey Survey (NSSO). It is pertinent to mention that joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force.
India achieved record exports in the recently concluded financial year 2023-24, reaching USD 778 billion, news agency ANI reported citing sources in the commerce ministry. This marks a significant increase from the USD 776.3 billion in combined goods and services exports recorded in 2022-23. Notably, services exports saw a notable uptick from USD 325.3 billion to USD 341.1 billion in 2023-24, while merchandise exports experienced a slight decline from USD 451.1 billion to USD 437.1 billion.
Wholesale inflation: India's wholesale inflation in India, based on the Wholesale Price Index (WPI), surged to 1.26 per cent in April on an annual basis, marking a notable increase from the 0.53 per cent recorded in March and reaching a 13-month high, data from the Commerce Ministry on Tuesday showed.
The Indian stock market witnessed a bullish trend on Tuesday, with the Sensex and Nifty extending their gains for the third consecutive day. Strong performances in the auto, metal, and banking sectors primarily fueled the rally. The Sensex closed 328 points higher at 73,105, while the Nifty settled at 22,218, marking an increase of 114 points.
Walmart on Tuesday (May 14) announced layoffs affecting several hundred jobs at the retail giant's campus offices. It also said that it will require most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to its primary offices in Bentonville, Arkansas, Hoboken, New Jersey, and the San Francisco Bay Area.
Stock markets update: Equity benchmark indices opened higher in early trade on Wednesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 138.53 points to 73,243.14. Meanwhile, the Nifty was also up by 60.7 points to 22,278.55. 
Money transfer: Credit cards can be incredibly useful in times of urgent need when funds are unavailable. However, it's crucial to use them wisely and ensure that bills are paid on time to avoid falling into debt. While credit cards offer convenience, they may not be accepted for certain transactions such as mortgages, purchasing stocks, or sending money orders. In such cases, transferring money from your credit card to your bank account provides an alternative means of accessing funds. This process allows you to utilise funds when credit card payments are not accepted.
In the latest trading session, the benchmark indices, Sensex and Nifty, experienced marginal declines. The Sensex slipped by 117.58 points, settling at 72,987.03, while the Nifty recorded a dip of 17.30 points, closing at 22,200.55. The Sensex, representing the top 30 companies listed on the Bombay Stock Exchange (BSE), witnessed a modest decline of 117.58 points, marking a marginal decrease in its value. It concluded the trading session at 72,987.03, reflecting a cautious sentiment among investors.
India unemployment rate: The unemployment rate in the urban areas decreased to 6.7 per cent during the January-March period from 6.8 per cent a year ago for people aged 15 years and above, according to the National Sample Survey Office (NSSO). It is pertinent to mention that joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force.
India achieved record exports in the recently concluded financial year 2023-24, reaching USD 778 billion, news agency ANI reported citing sources in the commerce ministry. This marks a significant increase from the USD 776.3 billion in combined goods and services exports recorded in 2022-23. Notably, services exports saw a notable uptick from USD 325.3 billion to USD 341.1 billion in 2023-24, while merchandise exports experienced a slight decline from USD 451.1 billion to USD 437.1 billion.
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 351.21 points to 73338.20. Meanwhile, the Nifty was also up by 118.70 points to 22,310.20. 
SBI fixed deposit rates: The State Bank of India (SBI) has hiked fixed deposit rates on select short-term maturity up to 25-75 basis points, a move likely to be followed by other lenders. SBI has implemented rate adjustments focusing on deposits below Rs 2 crore. The country's biggest lender has raised rates across different tenures, including fixed deposits maturing within 46 days to 179 days, 180 days to 210 days, and 211 days to less than 1 year.
The Indian stock market witnessed a bullish trend on Tuesday, with the Sensex and Nifty extending their gains for the third consecutive day. Strong performances in the auto, metal, and banking sectors primarily fueled the rally. The Sensex closed 328 points higher at 73,105, while the Nifty settled at 22,218, marking an increase of 114 points.
Walmart on Tuesday (May 14) announced layoffs affecting several hundred jobs at the retail giant's campus offices. It also said that it will require most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to its primary offices in Bentonville, Arkansas, Hoboken, New Jersey, and the San Francisco Bay Area.
Stock markets update: Equity benchmark indices opened higher in early trade on Wednesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 138.53 points to 73,243.14. Meanwhile, the Nifty was also up by 60.7 points to 22,278.55. 
Money transfer: Credit cards can be incredibly useful in times of urgent need when funds are unavailable. However, it's crucial to use them wisely and ensure that bills are paid on time to avoid falling into debt. While credit cards offer convenience, they may not be accepted for certain transactions such as mortgages, purchasing stocks, or sending money orders. In such cases, transferring money from your credit card to your bank account provides an alternative means of accessing funds. This process allows you to utilise funds when credit card payments are not accepted.
In the latest trading session, the benchmark indices, Sensex and Nifty, experienced marginal declines. The Sensex slipped by 117.58 points, settling at 72,987.03, while the Nifty recorded a dip of 17.30 points, closing at 22,200.55. The Sensex, representing the top 30 companies listed on the Bombay Stock Exchange (BSE), witnessed a modest decline of 117.58 points, marking a marginal decrease in its value. It concluded the trading session at 72,987.03, reflecting a cautious sentiment among investors.
India unemployment rate: The unemployment rate in the urban areas decreased to 6.7 per cent during the January-March period from 6.8 per cent a year ago for people aged 15 years and above, according to the National Sample Survey Office (NSSO). It is pertinent to mention that joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force.
India achieved record exports in the recently concluded financial year 2023-24, reaching USD 778 billion, news agency ANI reported citing sources in the commerce ministry. This marks a significant increase from the USD 776.3 billion in combined goods and services exports recorded in 2022-23. Notably, services exports saw a notable uptick from USD 325.3 billion to USD 341.1 billion in 2023-24, while merchandise exports experienced a slight decline from USD 451.1 billion to USD 437.1 billion.
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 351.21 points to 73338.20. Meanwhile, the Nifty was also up by 118.70 points to 22,310.20. 
SBI fixed deposit rates: The State Bank of India (SBI) has hiked fixed deposit rates on select short-term maturity up to 25-75 basis points, a move likely to be followed by other lenders. SBI has implemented rate adjustments focusing on deposits below Rs 2 crore. The country's biggest lender has raised rates across different tenures, including fixed deposits maturing within 46 days to 179 days, 180 days to 210 days, and 211 days to less than 1 year.

Sensex surges 676 points, Nifty climbs 203 points

Thursday 16 May 2024 10:14 AM UTC+00
In a bullish session, the Sensex surged by 676.69 points, settling at 73,663.72, while the Nifty climbed 203.30 points, reaching 22,403.85. Mahindra & Mahindra emerged as the top gainer on the Sensex, soaring by 3.93% to Rs 2,393, following its better-than-expected Q4 results.
The Indian stock market witnessed a bullish trend on Tuesday, with the Sensex and Nifty extending their gains for the third consecutive day. Strong performances in the auto, metal, and banking sectors primarily fueled the rally. The Sensex closed 328 points higher at 73,105, while the Nifty settled at 22,218, marking an increase of 114 points.
Walmart on Tuesday (May 14) announced layoffs affecting several hundred jobs at the retail giant's campus offices. It also said that it will require most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to its primary offices in Bentonville, Arkansas, Hoboken, New Jersey, and the San Francisco Bay Area.
Stock markets update: Equity benchmark indices opened higher in early trade on Wednesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 138.53 points to 73,243.14. Meanwhile, the Nifty was also up by 60.7 points to 22,278.55. 
Money transfer: Credit cards can be incredibly useful in times of urgent need when funds are unavailable. However, it's crucial to use them wisely and ensure that bills are paid on time to avoid falling into debt. While credit cards offer convenience, they may not be accepted for certain transactions such as mortgages, purchasing stocks, or sending money orders. In such cases, transferring money from your credit card to your bank account provides an alternative means of accessing funds. This process allows you to utilise funds when credit card payments are not accepted.
In the latest trading session, the benchmark indices, Sensex and Nifty, experienced marginal declines. The Sensex slipped by 117.58 points, settling at 72,987.03, while the Nifty recorded a dip of 17.30 points, closing at 22,200.55. The Sensex, representing the top 30 companies listed on the Bombay Stock Exchange (BSE), witnessed a modest decline of 117.58 points, marking a marginal decrease in its value. It concluded the trading session at 72,987.03, reflecting a cautious sentiment among investors.
India unemployment rate: The unemployment rate in the urban areas decreased to 6.7 per cent during the January-March period from 6.8 per cent a year ago for people aged 15 years and above, according to the National Sample Survey Office (NSSO). It is pertinent to mention that joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force.
India achieved record exports in the recently concluded financial year 2023-24, reaching USD 778 billion, news agency ANI reported citing sources in the commerce ministry. This marks a significant increase from the USD 776.3 billion in combined goods and services exports recorded in 2022-23. Notably, services exports saw a notable uptick from USD 325.3 billion to USD 341.1 billion in 2023-24, while merchandise exports experienced a slight decline from USD 451.1 billion to USD 437.1 billion.
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 351.21 points to 73338.20. Meanwhile, the Nifty was also up by 118.70 points to 22,310.20. 
SBI fixed deposit rates: The State Bank of India (SBI) has hiked fixed deposit rates on select short-term maturity up to 25-75 basis points, a move likely to be followed by other lenders. SBI has implemented rate adjustments focusing on deposits below Rs 2 crore. The country's biggest lender has raised rates across different tenures, including fixed deposits maturing within 46 days to 179 days, 180 days to 210 days, and 211 days to less than 1 year.

Sensex surges 676 points, Nifty climbs 203 points

Thursday 16 May 2024 10:14 AM UTC+00
In a bullish session, the Sensex surged by 676.69 points, settling at 73,663.72, while the Nifty climbed 203.30 points, reaching 22,403.85. Mahindra & Mahindra emerged as the top gainer on the Sensex, soaring by 3.93% to Rs 2,393, following its better-than-expected Q4 results.
The Indian stock market witnessed a bullish trend on Tuesday, with the Sensex and Nifty extending their gains for the third consecutive day. Strong performances in the auto, metal, and banking sectors primarily fueled the rally. The Sensex closed 328 points higher at 73,105, while the Nifty settled at 22,218, marking an increase of 114 points.
Walmart on Tuesday (May 14) announced layoffs affecting several hundred jobs at the retail giant's campus offices. It also said that it will require most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to its primary offices in Bentonville, Arkansas, Hoboken, New Jersey, and the San Francisco Bay Area.
Stock markets update: Equity benchmark indices opened higher in early trade on Wednesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 138.53 points to 73,243.14. Meanwhile, the Nifty was also up by 60.7 points to 22,278.55. 
Money transfer: Credit cards can be incredibly useful in times of urgent need when funds are unavailable. However, it's crucial to use them wisely and ensure that bills are paid on time to avoid falling into debt. While credit cards offer convenience, they may not be accepted for certain transactions such as mortgages, purchasing stocks, or sending money orders. In such cases, transferring money from your credit card to your bank account provides an alternative means of accessing funds. This process allows you to utilise funds when credit card payments are not accepted.
In the latest trading session, the benchmark indices, Sensex and Nifty, experienced marginal declines. The Sensex slipped by 117.58 points, settling at 72,987.03, while the Nifty recorded a dip of 17.30 points, closing at 22,200.55. The Sensex, representing the top 30 companies listed on the Bombay Stock Exchange (BSE), witnessed a modest decline of 117.58 points, marking a marginal decrease in its value. It concluded the trading session at 72,987.03, reflecting a cautious sentiment among investors.
India unemployment rate: The unemployment rate in the urban areas decreased to 6.7 per cent during the January-March period from 6.8 per cent a year ago for people aged 15 years and above, according to the National Sample Survey Office (NSSO). It is pertinent to mention that joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force.
India achieved record exports in the recently concluded financial year 2023-24, reaching USD 778 billion, news agency ANI reported citing sources in the commerce ministry. This marks a significant increase from the USD 776.3 billion in combined goods and services exports recorded in 2022-23. Notably, services exports saw a notable uptick from USD 325.3 billion to USD 341.1 billion in 2023-24, while merchandise exports experienced a slight decline from USD 451.1 billion to USD 437.1 billion.
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 351.21 points to 73338.20. Meanwhile, the Nifty was also up by 118.70 points to 22,310.20. 
SBI fixed deposit rates: The State Bank of India (SBI) has hiked fixed deposit rates on select short-term maturity up to 25-75 basis points, a move likely to be followed by other lenders. SBI has implemented rate adjustments focusing on deposits below Rs 2 crore. The country's biggest lender has raised rates across different tenures, including fixed deposits maturing within 46 days to 179 days, 180 days to 210 days, and 211 days to less than 1 year.

Sensex surges 676 points, Nifty climbs 203 points

Thursday 16 May 2024 10:14 AM UTC+00
In a bullish session, the Sensex surged by 676.69 points, settling at 73,663.72, while the Nifty climbed 203.30 points, reaching 22,403.85. Mahindra & Mahindra emerged as the top gainer on the Sensex, soaring by 3.93% to Rs 2,393, following its better-than-expected Q4 results.
The Indian stock market witnessed a bullish trend on Tuesday, with the Sensex and Nifty extending their gains for the third consecutive day. Strong performances in the auto, metal, and banking sectors primarily fueled the rally. The Sensex closed 328 points higher at 73,105, while the Nifty settled at 22,218, marking an increase of 114 points.
Walmart on Tuesday (May 14) announced layoffs affecting several hundred jobs at the retail giant's campus offices. It also said that it will require most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to its primary offices in Bentonville, Arkansas, Hoboken, New Jersey, and the San Francisco Bay Area.
Stock markets update: Equity benchmark indices opened higher in early trade on Wednesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 138.53 points to 73,243.14. Meanwhile, the Nifty was also up by 60.7 points to 22,278.55. 
Money transfer: Credit cards can be incredibly useful in times of urgent need when funds are unavailable. However, it's crucial to use them wisely and ensure that bills are paid on time to avoid falling into debt. While credit cards offer convenience, they may not be accepted for certain transactions such as mortgages, purchasing stocks, or sending money orders. In such cases, transferring money from your credit card to your bank account provides an alternative means of accessing funds. This process allows you to utilise funds when credit card payments are not accepted.
In the latest trading session, the benchmark indices, Sensex and Nifty, experienced marginal declines. The Sensex slipped by 117.58 points, settling at 72,987.03, while the Nifty recorded a dip of 17.30 points, closing at 22,200.55. The Sensex, representing the top 30 companies listed on the Bombay Stock Exchange (BSE), witnessed a modest decline of 117.58 points, marking a marginal decrease in its value. It concluded the trading session at 72,987.03, reflecting a cautious sentiment among investors.
India unemployment rate: The unemployment rate in the urban areas decreased to 6.7 per cent during the January-March period from 6.8 per cent a year ago for people aged 15 years and above, according to the National Sample Survey Office (NSSO). It is pertinent to mention that joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force.
India achieved record exports in the recently concluded financial year 2023-24, reaching USD 778 billion, news agency ANI reported citing sources in the commerce ministry. This marks a significant increase from the USD 776.3 billion in combined goods and services exports recorded in 2022-23. Notably, services exports saw a notable uptick from USD 325.3 billion to USD 341.1 billion in 2023-24, while merchandise exports experienced a slight decline from USD 451.1 billion to USD 437.1 billion.
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 351.21 points to 73338.20. Meanwhile, the Nifty was also up by 118.70 points to 22,310.20. 
SBI fixed deposit rates: The State Bank of India (SBI) has hiked fixed deposit rates on select short-term maturity up to 25-75 basis points, a move likely to be followed by other lenders. SBI has implemented rate adjustments focusing on deposits below Rs 2 crore. The country's biggest lender has raised rates across different tenures, including fixed deposits maturing within 46 days to 179 days, 180 days to 210 days, and 211 days to less than 1 year.

Sensex surges 676 points, Nifty climbs 203 points

Thursday 16 May 2024 10:14 AM UTC+00
In a bullish session, the Sensex surged by 676.69 points, settling at 73,663.72, while the Nifty climbed 203.30 points, reaching 22,403.85. Mahindra & Mahindra emerged as the top gainer on the Sensex, soaring by 3.93% to Rs 2,393, following its better-than-expected Q4 results.
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