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IndiaTV Business: Google News Feed: Digest for May 22, 2024

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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.
Business news: Prime Minister Narendra Modi on Monday (May 20) said that India's banking sector net profit crossed Rs 3 lakh crore for the first time ever in FY 2024, and termed it a "remarkable turnaround in the last 10 years". The PM said that the improvement in the health of the banks will improve the availability of credit to the poor. His remarks came on a Times of India report which said that the banking sector's net profit crossed Rs 3 lakh crore in FY24 for the first time. It also reported that the net profit of listed public and private sector banks rose 39 per cent to Rs 3.1 lakh crore from Rs 2.2 lakh crore in FY23.
Uber has received an aggregator licence from the Delhi Transport Department to operate buses under the Delhi Premium Bus Scheme, making it the first state to award such a licence. The ride-hailing company is also the first aggregator to secure this licence. Amit Deshpande, Head of Uber Shuttle India, announced that the official launch of Uber Shuttle follows a successful pilot program which demonstrated significant demand for bus services in Delhi. Customers will now be able to pre-book seats on their preferred routes by selecting the 'Uber Shuttle' option on the Uber app.
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.
Business news: Prime Minister Narendra Modi on Monday (May 20) said that India's banking sector net profit crossed Rs 3 lakh crore for the first time ever in FY 2024, and termed it a "remarkable turnaround in the last 10 years". The PM said that the improvement in the health of the banks will improve the availability of credit to the poor. His remarks came on a Times of India report which said that the banking sector's net profit crossed Rs 3 lakh crore in FY24 for the first time. It also reported that the net profit of listed public and private sector banks rose 39 per cent to Rs 3.1 lakh crore from Rs 2.2 lakh crore in FY23.
Uber has received an aggregator licence from the Delhi Transport Department to operate buses under the Delhi Premium Bus Scheme, making it the first state to award such a licence. The ride-hailing company is also the first aggregator to secure this licence. Amit Deshpande, Head of Uber Shuttle India, announced that the official launch of Uber Shuttle follows a successful pilot program which demonstrated significant demand for bus services in Delhi. Customers will now be able to pre-book seats on their preferred routes by selecting the 'Uber Shuttle' option on the Uber app.
Stock markets update: Equity benchmark indices declined in early trade on Tuesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 218.11 points to  73,787.83 in early trade. The Nifty declined 97.45 points to 22,404.55. 
Tehran: Former Iranian President Ebrahim Raisi, a hardline ally of the Islamic cleric establishment and tipped to become the next Supreme Leader of the country, tragically died in a helicopter crash at 63, sending shockwaves across the Middle East and the world. Raisi's death, along with the foreign minister and other officials, comes as Iran faces domestic dissent and the world.
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.
Business news: Prime Minister Narendra Modi on Monday (May 20) said that India's banking sector net profit crossed Rs 3 lakh crore for the first time ever in FY 2024, and termed it a "remarkable turnaround in the last 10 years". The PM said that the improvement in the health of the banks will improve the availability of credit to the poor. His remarks came on a Times of India report which said that the banking sector's net profit crossed Rs 3 lakh crore in FY24 for the first time. It also reported that the net profit of listed public and private sector banks rose 39 per cent to Rs 3.1 lakh crore from Rs 2.2 lakh crore in FY23.
Uber has received an aggregator licence from the Delhi Transport Department to operate buses under the Delhi Premium Bus Scheme, making it the first state to award such a licence. The ride-hailing company is also the first aggregator to secure this licence. Amit Deshpande, Head of Uber Shuttle India, announced that the official launch of Uber Shuttle follows a successful pilot program which demonstrated significant demand for bus services in Delhi. Customers will now be able to pre-book seats on their preferred routes by selecting the 'Uber Shuttle' option on the Uber app.
Stock markets update: Equity benchmark indices declined in early trade on Tuesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 218.11 points to  73,787.83 in early trade. The Nifty declined 97.45 points to 22,404.55. 
Tehran: Former Iranian President Ebrahim Raisi, a hardline ally of the Islamic cleric establishment and tipped to become the next Supreme Leader of the country, tragically died in a helicopter crash at 63, sending shockwaves across the Middle East and the world. Raisi's death, along with the foreign minister and other officials, comes as Iran faces domestic dissent and the world.
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.
Business news: Prime Minister Narendra Modi on Monday (May 20) said that India's banking sector net profit crossed Rs 3 lakh crore for the first time ever in FY 2024, and termed it a "remarkable turnaround in the last 10 years". The PM said that the improvement in the health of the banks will improve the availability of credit to the poor. His remarks came on a Times of India report which said that the banking sector's net profit crossed Rs 3 lakh crore in FY24 for the first time. It also reported that the net profit of listed public and private sector banks rose 39 per cent to Rs 3.1 lakh crore from Rs 2.2 lakh crore in FY23.
Uber has received an aggregator licence from the Delhi Transport Department to operate buses under the Delhi Premium Bus Scheme, making it the first state to award such a licence. The ride-hailing company is also the first aggregator to secure this licence. Amit Deshpande, Head of Uber Shuttle India, announced that the official launch of Uber Shuttle follows a successful pilot program which demonstrated significant demand for bus services in Delhi. Customers will now be able to pre-book seats on their preferred routes by selecting the 'Uber Shuttle' option on the Uber app.
Stock markets update: Equity benchmark indices declined in early trade on Tuesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 218.11 points to  73,787.83 in early trade. The Nifty declined 97.45 points to 22,404.55. 
Tehran: Former Iranian President Ebrahim Raisi, a hardline ally of the Islamic cleric establishment and tipped to become the next Supreme Leader of the country, tragically died in a helicopter crash at 63, sending shockwaves across the Middle East and the world. Raisi's death, along with the foreign minister and other officials, comes as Iran faces domestic dissent and the world.
The Employees' Provident Fund Organisation (EPFO) has implemented a new rule to streamline the process of claiming EPF benefits after a member's death. The new rule aims to address difficulties faced by field offices in updating or rectifying Aadhaar details posthumously. The EPFO announced that claims can now be processed without Aadhaar seeding, facilitating easier access to EPF benefits for the families of deceased members. This relaxation is contingent upon approval from the Officer in Charge (OIC) via an e-office file, which must document the verification procedures undertaken.
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.
Business news: Prime Minister Narendra Modi on Monday (May 20) said that India's banking sector net profit crossed Rs 3 lakh crore for the first time ever in FY 2024, and termed it a "remarkable turnaround in the last 10 years". The PM said that the improvement in the health of the banks will improve the availability of credit to the poor. His remarks came on a Times of India report which said that the banking sector's net profit crossed Rs 3 lakh crore in FY24 for the first time. It also reported that the net profit of listed public and private sector banks rose 39 per cent to Rs 3.1 lakh crore from Rs 2.2 lakh crore in FY23.
Uber has received an aggregator licence from the Delhi Transport Department to operate buses under the Delhi Premium Bus Scheme, making it the first state to award such a licence. The ride-hailing company is also the first aggregator to secure this licence. Amit Deshpande, Head of Uber Shuttle India, announced that the official launch of Uber Shuttle follows a successful pilot program which demonstrated significant demand for bus services in Delhi. Customers will now be able to pre-book seats on their preferred routes by selecting the 'Uber Shuttle' option on the Uber app.
Stock markets update: Equity benchmark indices declined in early trade on Tuesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 218.11 points to  73,787.83 in early trade. The Nifty declined 97.45 points to 22,404.55. 
Tehran: Former Iranian President Ebrahim Raisi, a hardline ally of the Islamic cleric establishment and tipped to become the next Supreme Leader of the country, tragically died in a helicopter crash at 63, sending shockwaves across the Middle East and the world. Raisi's death, along with the foreign minister and other officials, comes as Iran faces domestic dissent and the world.
The Employees' Provident Fund Organisation (EPFO) has implemented a new rule to streamline the process of claiming EPF benefits after a member's death. The new rule aims to address difficulties faced by field offices in updating or rectifying Aadhaar details posthumously. The EPFO announced that claims can now be processed without Aadhaar seeding, facilitating easier access to EPF benefits for the families of deceased members. This relaxation is contingent upon approval from the Officer in Charge (OIC) via an e-office file, which must document the verification procedures undertaken.
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