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IndiaTV Business: Google News Feed: Digest for May 24, 2024

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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.
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 212.21 points to 74,165.52. Meanwhile, the Nifty was also up by 48.35 points to 22,577.40.
Banks in several states will be closed on May 23 on the occasion of Buddha Purnima, as per the holiday list by the Reserve Bank of India. However, online banking services will continue to be accessible, which have come as a boon for the customers, more notably so on the bank holidays.
The two key equity benchmarks, Sensex and Nifty, closed positively amid volatility on Wednesday. The S&P BSE Sensex rose by 268 points to end the day at 74,221, while the NSE Nifty50 gained 69 points, settling at 22,598. On the 30-share Sensex platform, HUL emerged as the top gainer with a rise of 2.45%, followed by Reliance, Infosys, Asian Paints, ITC, and UltraTech Cement. Conversely, SBI, JSW Steel, Axis Bank, ICICI Bank, Tata Steel, and Tata Motors were among the laggards.
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.
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 212.21 points to 74,165.52. Meanwhile, the Nifty was also up by 48.35 points to 22,577.40.
Banks in several states will be closed on May 23 on the occasion of Buddha Purnima, as per the holiday list by the Reserve Bank of India. However, online banking services will continue to be accessible, which have come as a boon for the customers, more notably so on the bank holidays.
The two key equity benchmarks, Sensex and Nifty, closed positively amid volatility on Wednesday. The S&P BSE Sensex rose by 268 points to end the day at 74,221, while the NSE Nifty50 gained 69 points, settling at 22,598. On the 30-share Sensex platform, HUL emerged as the top gainer with a rise of 2.45%, followed by Reliance, Infosys, Asian Paints, ITC, and UltraTech Cement. Conversely, SBI, JSW Steel, Axis Bank, ICICI Bank, Tata Steel, and Tata Motors were among the laggards.
Mumbai: Adani Group's market capitalisation on Wednesday surpassed the USD 200 billion mark (Rs 16.9 lakh crore) as its listed firms saw an increase of Rs 11,300 crore. This rise occurred as investors showed renewed confidence in the company, which has denied any wrongdoing in the supply of coal to the Tamil Nadu power company.
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 41.65 points to 74,262.71. Meanwhile, the Nifty was also up by 20.1 points to 22,617.90. 

How to link Aadhaar with EPF account? A step-by-step guide

Thursday 23 May 2024 06:09 AM UTC+00
Link Aadhaar with EPF account: The government has made it mandatory to link the Universal Account Number (UAN) with Aadhaar. If you have not linked Aadhaar with your EPF account yet, you can easily do so. According to Section 142 of the Social Security Code 2020, it is compulsory for all employees and unorganised workers to link their Aadhaar card to their EPF account. Employees can link their Aadhaar number with their EPF accounts either online or offline. Here are the steps for both methods.
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.
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 212.21 points to 74,165.52. Meanwhile, the Nifty was also up by 48.35 points to 22,577.40.
Banks in several states will be closed on May 23 on the occasion of Buddha Purnima, as per the holiday list by the Reserve Bank of India. However, online banking services will continue to be accessible, which have come as a boon for the customers, more notably so on the bank holidays.
The two key equity benchmarks, Sensex and Nifty, closed positively amid volatility on Wednesday. The S&P BSE Sensex rose by 268 points to end the day at 74,221, while the NSE Nifty50 gained 69 points, settling at 22,598. On the 30-share Sensex platform, HUL emerged as the top gainer with a rise of 2.45%, followed by Reliance, Infosys, Asian Paints, ITC, and UltraTech Cement. Conversely, SBI, JSW Steel, Axis Bank, ICICI Bank, Tata Steel, and Tata Motors were among the laggards.
Mumbai: Adani Group's market capitalisation on Wednesday surpassed the USD 200 billion mark (Rs 16.9 lakh crore) as its listed firms saw an increase of Rs 11,300 crore. This rise occurred as investors showed renewed confidence in the company, which has denied any wrongdoing in the supply of coal to the Tamil Nadu power company.
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 41.65 points to 74,262.71. Meanwhile, the Nifty was also up by 20.1 points to 22,617.90. 

How to link Aadhaar with EPF account? A step-by-step guide

Thursday 23 May 2024 06:09 AM UTC+00
Link Aadhaar with EPF account: The government has made it mandatory to link the Universal Account Number (UAN) with Aadhaar. If you have not linked Aadhaar with your EPF account yet, you can easily do so. According to Section 142 of the Social Security Code 2020, it is compulsory for all employees and unorganised workers to link their Aadhaar card to their EPF account. Employees can link their Aadhaar number with their EPF accounts either online or offline. Here are the steps for both methods.
Benchmark equity indices surged on Thursday, with the Sensex and Nifty reaching their all-time highs. This rally followed the Reserve Bank of India's (RBI) approval of an unprecedented Rs 2.11 lakh crore dividend to the government, bolstered by strong buying in blue-chip stocks such as Reliance Industries and HDFC Bank. The 30-share index climbed 951.22 points, or 1.28%, to a record 75,172.28. The index rose by 308.45 points, or 1.36%, reaching an all-time high of 22,906.25.
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.
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 212.21 points to 74,165.52. Meanwhile, the Nifty was also up by 48.35 points to 22,577.40.
Banks in several states will be closed on May 23 on the occasion of Buddha Purnima, as per the holiday list by the Reserve Bank of India. However, online banking services will continue to be accessible, which have come as a boon for the customers, more notably so on the bank holidays.
The two key equity benchmarks, Sensex and Nifty, closed positively amid volatility on Wednesday. The S&P BSE Sensex rose by 268 points to end the day at 74,221, while the NSE Nifty50 gained 69 points, settling at 22,598. On the 30-share Sensex platform, HUL emerged as the top gainer with a rise of 2.45%, followed by Reliance, Infosys, Asian Paints, ITC, and UltraTech Cement. Conversely, SBI, JSW Steel, Axis Bank, ICICI Bank, Tata Steel, and Tata Motors were among the laggards.
Mumbai: Adani Group's market capitalisation on Wednesday surpassed the USD 200 billion mark (Rs 16.9 lakh crore) as its listed firms saw an increase of Rs 11,300 crore. This rise occurred as investors showed renewed confidence in the company, which has denied any wrongdoing in the supply of coal to the Tamil Nadu power company.
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 41.65 points to 74,262.71. Meanwhile, the Nifty was also up by 20.1 points to 22,617.90. 

How to link Aadhaar with EPF account? A step-by-step guide

Thursday 23 May 2024 06:09 AM UTC+00
Link Aadhaar with EPF account: The government has made it mandatory to link the Universal Account Number (UAN) with Aadhaar. If you have not linked Aadhaar with your EPF account yet, you can easily do so. According to Section 142 of the Social Security Code 2020, it is compulsory for all employees and unorganised workers to link their Aadhaar card to their EPF account. Employees can link their Aadhaar number with their EPF accounts either online or offline. Here are the steps for both methods.
Benchmark equity indices surged on Thursday, with the Sensex and Nifty reaching their all-time highs. This rally followed the Reserve Bank of India's (RBI) approval of an unprecedented Rs 2.11 lakh crore dividend to the government, bolstered by strong buying in blue-chip stocks such as Reliance Industries and HDFC Bank. The 30-share index climbed 951.22 points, or 1.28%, to a record 75,172.28. The index rose by 308.45 points, or 1.36%, reaching an all-time high of 22,906.25.
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.
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 212.21 points to 74,165.52. Meanwhile, the Nifty was also up by 48.35 points to 22,577.40.
Banks in several states will be closed on May 23 on the occasion of Buddha Purnima, as per the holiday list by the Reserve Bank of India. However, online banking services will continue to be accessible, which have come as a boon for the customers, more notably so on the bank holidays.
The two key equity benchmarks, Sensex and Nifty, closed positively amid volatility on Wednesday. The S&P BSE Sensex rose by 268 points to end the day at 74,221, while the NSE Nifty50 gained 69 points, settling at 22,598. On the 30-share Sensex platform, HUL emerged as the top gainer with a rise of 2.45%, followed by Reliance, Infosys, Asian Paints, ITC, and UltraTech Cement. Conversely, SBI, JSW Steel, Axis Bank, ICICI Bank, Tata Steel, and Tata Motors were among the laggards.
Mumbai: Adani Group's market capitalisation on Wednesday surpassed the USD 200 billion mark (Rs 16.9 lakh crore) as its listed firms saw an increase of Rs 11,300 crore. This rise occurred as investors showed renewed confidence in the company, which has denied any wrongdoing in the supply of coal to the Tamil Nadu power company.
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 41.65 points to 74,262.71. Meanwhile, the Nifty was also up by 20.1 points to 22,617.90. 

How to link Aadhaar with EPF account? A step-by-step guide

Thursday 23 May 2024 06:09 AM UTC+00
Link Aadhaar with EPF account: The government has made it mandatory to link the Universal Account Number (UAN) with Aadhaar. If you have not linked Aadhaar with your EPF account yet, you can easily do so. According to Section 142 of the Social Security Code 2020, it is compulsory for all employees and unorganised workers to link their Aadhaar card to their EPF account. Employees can link their Aadhaar number with their EPF accounts either online or offline. Here are the steps for both methods.
Benchmark equity indices surged on Thursday, with the Sensex and Nifty reaching their all-time highs. This rally followed the Reserve Bank of India's (RBI) approval of an unprecedented Rs 2.11 lakh crore dividend to the government, bolstered by strong buying in blue-chip stocks such as Reliance Industries and HDFC Bank. The 30-share index climbed 951.22 points, or 1.28%, to a record 75,172.28. The index rose by 308.45 points, or 1.36%, reaching an all-time high of 22,906.25.
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