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IndiaTV Business: Google News Feed: Digest for May 20, 2024

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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.
Business news: The United Nations has revised India's upwards growth projections for 2024 and predicted that the country's economy will now expand by nearly seven per cent this year, "mainly driven by strong public investment and resilient private consumption". The data was out on Thursday (May 16) in the World Economic Situation and Prospects as of mid-2024.
The BSE Sensex rose by 253.31 points, closing at 73,917.03 on Friday. Meanwhile, the NSE Nifty advanced by 62.25 points to settle at 22,466.10. Both indices showed positive movement, with key sectors contributing to the gains. This rise follows a day of mixed trading, reflecting investor optimism in the market. Equity benchmarks Sensex and Nifty closed higher on Friday, rebounding from early lows. The 30-share BSE Sensex climbed 253.31 points, or 0.34%, to settle at 73,917.03. Meanwhile, the NSE Nifty advanced 62.25 points, or 0.28%, to 22,466.10.
The Hinduja family has once again emerged as the richest in the United Kingdom according to the Sunday Times Rich List after their fortune jumped by more than £2 billion. Gopi Hinduja and his family, who runs Indian conglomerate Hinduja Group, have been named Britain's richest for the third year in a row, according to the Sunday Times rich list. 
The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) conducted a special trading session in the equity and equity derivative segments today (May 18) to check their preparedness for handling major disruptions at the primary site.
The Delhi Police have registered an FIR against Hari Om Rai, the former Managing Director of Lava, for allegedly sending an imposter to AIIMS to undergo a heart test in his name to secure an extension of his interim bail on medical grounds.
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.
Business news: The United Nations has revised India's upwards growth projections for 2024 and predicted that the country's economy will now expand by nearly seven per cent this year, "mainly driven by strong public investment and resilient private consumption". The data was out on Thursday (May 16) in the World Economic Situation and Prospects as of mid-2024.
The BSE Sensex rose by 253.31 points, closing at 73,917.03 on Friday. Meanwhile, the NSE Nifty advanced by 62.25 points to settle at 22,466.10. Both indices showed positive movement, with key sectors contributing to the gains. This rise follows a day of mixed trading, reflecting investor optimism in the market. Equity benchmarks Sensex and Nifty closed higher on Friday, rebounding from early lows. The 30-share BSE Sensex climbed 253.31 points, or 0.34%, to settle at 73,917.03. Meanwhile, the NSE Nifty advanced 62.25 points, or 0.28%, to 22,466.10.
The Hinduja family has once again emerged as the richest in the United Kingdom according to the Sunday Times Rich List after their fortune jumped by more than £2 billion. Gopi Hinduja and his family, who runs Indian conglomerate Hinduja Group, have been named Britain's richest for the third year in a row, according to the Sunday Times rich list. 
The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) conducted a special trading session in the equity and equity derivative segments today (May 18) to check their preparedness for handling major disruptions at the primary site.
The Delhi Police have registered an FIR against Hari Om Rai, the former Managing Director of Lava, for allegedly sending an imposter to AIIMS to undergo a heart test in his name to secure an extension of his interim bail on medical grounds.
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.
Business news: The United Nations has revised India's upwards growth projections for 2024 and predicted that the country's economy will now expand by nearly seven per cent this year, "mainly driven by strong public investment and resilient private consumption". The data was out on Thursday (May 16) in the World Economic Situation and Prospects as of mid-2024.
The BSE Sensex rose by 253.31 points, closing at 73,917.03 on Friday. Meanwhile, the NSE Nifty advanced by 62.25 points to settle at 22,466.10. Both indices showed positive movement, with key sectors contributing to the gains. This rise follows a day of mixed trading, reflecting investor optimism in the market. Equity benchmarks Sensex and Nifty closed higher on Friday, rebounding from early lows. The 30-share BSE Sensex climbed 253.31 points, or 0.34%, to settle at 73,917.03. Meanwhile, the NSE Nifty advanced 62.25 points, or 0.28%, to 22,466.10.
The Hinduja family has once again emerged as the richest in the United Kingdom according to the Sunday Times Rich List after their fortune jumped by more than £2 billion. Gopi Hinduja and his family, who runs Indian conglomerate Hinduja Group, have been named Britain's richest for the third year in a row, according to the Sunday Times rich list. 
The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) conducted a special trading session in the equity and equity derivative segments today (May 18) to check their preparedness for handling major disruptions at the primary site.
The Delhi Police have registered an FIR against Hari Om Rai, the former Managing Director of Lava, for allegedly sending an imposter to AIIMS to undergo a heart test in his name to secure an extension of his interim bail on medical grounds.
Raghunandan Kamath, the founder of Naturals ice cream, passed away at the age of 75 at a hospital in Mumbai after a brief illness. Kamath died on Friday night. He was reportedly ill for the past several days and was admitted to the hospital. He is survived by his wife and sons.
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.
Business news: The United Nations has revised India's upwards growth projections for 2024 and predicted that the country's economy will now expand by nearly seven per cent this year, "mainly driven by strong public investment and resilient private consumption". The data was out on Thursday (May 16) in the World Economic Situation and Prospects as of mid-2024.
The BSE Sensex rose by 253.31 points, closing at 73,917.03 on Friday. Meanwhile, the NSE Nifty advanced by 62.25 points to settle at 22,466.10. Both indices showed positive movement, with key sectors contributing to the gains. This rise follows a day of mixed trading, reflecting investor optimism in the market. Equity benchmarks Sensex and Nifty closed higher on Friday, rebounding from early lows. The 30-share BSE Sensex climbed 253.31 points, or 0.34%, to settle at 73,917.03. Meanwhile, the NSE Nifty advanced 62.25 points, or 0.28%, to 22,466.10.
The Hinduja family has once again emerged as the richest in the United Kingdom according to the Sunday Times Rich List after their fortune jumped by more than £2 billion. Gopi Hinduja and his family, who runs Indian conglomerate Hinduja Group, have been named Britain's richest for the third year in a row, according to the Sunday Times rich list. 
The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) conducted a special trading session in the equity and equity derivative segments today (May 18) to check their preparedness for handling major disruptions at the primary site.
The Delhi Police have registered an FIR against Hari Om Rai, the former Managing Director of Lava, for allegedly sending an imposter to AIIMS to undergo a heart test in his name to secure an extension of his interim bail on medical grounds.
Raghunandan Kamath, the founder of Naturals ice cream, passed away at the age of 75 at a hospital in Mumbai after a brief illness. Kamath died on Friday night. He was reportedly ill for the past several days and was admitted to the hospital. He is survived by his wife and sons.
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.
Business news: The United Nations has revised India's upwards growth projections for 2024 and predicted that the country's economy will now expand by nearly seven per cent this year, "mainly driven by strong public investment and resilient private consumption". The data was out on Thursday (May 16) in the World Economic Situation and Prospects as of mid-2024.
The BSE Sensex rose by 253.31 points, closing at 73,917.03 on Friday. Meanwhile, the NSE Nifty advanced by 62.25 points to settle at 22,466.10. Both indices showed positive movement, with key sectors contributing to the gains. This rise follows a day of mixed trading, reflecting investor optimism in the market. Equity benchmarks Sensex and Nifty closed higher on Friday, rebounding from early lows. The 30-share BSE Sensex climbed 253.31 points, or 0.34%, to settle at 73,917.03. Meanwhile, the NSE Nifty advanced 62.25 points, or 0.28%, to 22,466.10.
The Hinduja family has once again emerged as the richest in the United Kingdom according to the Sunday Times Rich List after their fortune jumped by more than £2 billion. Gopi Hinduja and his family, who runs Indian conglomerate Hinduja Group, have been named Britain's richest for the third year in a row, according to the Sunday Times rich list. 
The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) conducted a special trading session in the equity and equity derivative segments today (May 18) to check their preparedness for handling major disruptions at the primary site.
The Delhi Police have registered an FIR against Hari Om Rai, the former Managing Director of Lava, for allegedly sending an imposter to AIIMS to undergo a heart test in his name to secure an extension of his interim bail on medical grounds.
Raghunandan Kamath, the founder of Naturals ice cream, passed away at the age of 75 at a hospital in Mumbai after a brief illness. Kamath died on Friday night. He was reportedly ill for the past several days and was admitted to the hospital. He is survived by his wife and sons.
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.
Business news: The United Nations has revised India's upwards growth projections for 2024 and predicted that the country's economy will now expand by nearly seven per cent this year, "mainly driven by strong public investment and resilient private consumption". The data was out on Thursday (May 16) in the World Economic Situation and Prospects as of mid-2024.
The BSE Sensex rose by 253.31 points, closing at 73,917.03 on Friday. Meanwhile, the NSE Nifty advanced by 62.25 points to settle at 22,466.10. Both indices showed positive movement, with key sectors contributing to the gains. This rise follows a day of mixed trading, reflecting investor optimism in the market. Equity benchmarks Sensex and Nifty closed higher on Friday, rebounding from early lows. The 30-share BSE Sensex climbed 253.31 points, or 0.34%, to settle at 73,917.03. Meanwhile, the NSE Nifty advanced 62.25 points, or 0.28%, to 22,466.10.
The Hinduja family has once again emerged as the richest in the United Kingdom according to the Sunday Times Rich List after their fortune jumped by more than £2 billion. Gopi Hinduja and his family, who runs Indian conglomerate Hinduja Group, have been named Britain's richest for the third year in a row, according to the Sunday Times rich list. 
The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) conducted a special trading session in the equity and equity derivative segments today (May 18) to check their preparedness for handling major disruptions at the primary site.
The Delhi Police have registered an FIR against Hari Om Rai, the former Managing Director of Lava, for allegedly sending an imposter to AIIMS to undergo a heart test in his name to secure an extension of his interim bail on medical grounds.
Raghunandan Kamath, the founder of Naturals ice cream, passed away at the age of 75 at a hospital in Mumbai after a brief illness. Kamath died on Friday night. He was reportedly ill for the past several days and was admitted to the hospital. He is survived by his wife and sons.
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