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IndiaTV Business: Google News Feed: Digest for June 01, 2024

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Stock markets update: Equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 416.1 points to 74,754.35. Meanwhile, the Nifty declined 125.9 points to 22,762.25. 
Gold and silver prices: The price of 24-carat gold went up by Rs 10, with 10 grams of the precious metal trading at Rs 72,940  on Wednesday. Similarly, the price of silver also rose by Rs 100, with 1 kilogram of the precious metal selling at Rs 96,600.
New Delhi: One97 Communications Limited, the parent company of Paytm, has denied being in discussions with the Adani Group about a potential stake sale, terming the report "speculative". This clarification comes in response to a report suggesting that billionaire Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in the digital payments company.
S&P Global Ratings on Wednesday upgraded India's sovereign rating outlook to positive from stable while retaining the rating at 'BBB-' on robust growth and improved quality of government expenditure.
Gold and silver prices: Both gold and silver prices recorded a dip on the Multi Commodity Exchange (MCX) on Thursday. The price of 24-carat gold decreased by Rs 380, with 10 grams of the precious metal trading at Rs 72,560  at 8 am on Thursday. Similarly, the price of silver also saw a dip by Rs 130, with 1 kilogram of the precious metal selling at Rs 96,470 in the country.
Stock markets update: Equity benchmark indices declined on second consecutive days in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 183.39 points to 74,319.51. Meanwhile, the Nifty declined 58.90 points to 22,645.80.  
S&P Global Ratings has upgraded India's sovereign rating outlook to 'positive' from 'stable', while maintaining the rating at 'BBB-'. Notably, the 'BBB' ratings indicate that expectations of default risk are currently low. The agency cited India's robust economic expansion as a key factor positively influencing its credit metrics. This development coincides with the final stages of India's extensive Lok Sabha elections, which have spanned six weeks, making it the largest democratic exercise in the world.
Benchmark equity indices Sensex and Nifty continued their downward trajectory on Thursday, marking a fifth consecutive day of declines. The downturn was driven by profit booking amid the monthly expiry in the derivatives segment. The 30-share BSE Sensex plunged by 617.30 points, or 0.83%, to settle at 73,885.60. During the day, it hit a low of 73,668.73 due to heavy selling in blue-chip stocks. Similarly, the NSE Nifty dropped by 216.05 points, or 0.95%, closing at 22,488.65.
S&P Global Ratings has upgraded India's credit rating outlook from stable to positive, citing policy stability, economic reforms, and high infrastructure investment as key factors driving sustained long-term growth prospects. The sovereign rating remains at 'BBB-', the lowest investment grade.
TIME magazine has unveiled its coveted list of 100 World's Most Influential Companies for 2024, featuring India's corporate powerhouses Reliance Industries and Tata Group, along with Serum Institute. Reliance Industries, headed by Mukesh Ambani, earned its spot for the second time, with TIME hailing it as 'India's Juggernaut'. The conglomerate's subsidiary, Jio Platforms, was previously honored in TIME's inaugural 100 Most Influential Companies List of 2021.
Stock markets update: Equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 416.1 points to 74,754.35. Meanwhile, the Nifty declined 125.9 points to 22,762.25. 
New Delhi: One97 Communications Limited, the parent company of Paytm, has denied being in discussions with the Adani Group about a potential stake sale, terming the report "speculative". This clarification comes in response to a report suggesting that billionaire Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in the digital payments company.
S&P Global Ratings on Wednesday upgraded India's sovereign rating outlook to positive from stable while retaining the rating at 'BBB-' on robust growth and improved quality of government expenditure.
Gold and silver prices: Both gold and silver prices recorded a dip on the Multi Commodity Exchange (MCX) on Thursday. The price of 24-carat gold decreased by Rs 380, with 10 grams of the precious metal trading at Rs 72,560  at 8 am on Thursday. Similarly, the price of silver also saw a dip by Rs 130, with 1 kilogram of the precious metal selling at Rs 96,470 in the country.
Stock markets update: Equity benchmark indices declined on second consecutive days in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 183.39 points to 74,319.51. Meanwhile, the Nifty declined 58.90 points to 22,645.80.  
S&P Global Ratings has upgraded India's sovereign rating outlook to 'positive' from 'stable', while maintaining the rating at 'BBB-'. Notably, the 'BBB' ratings indicate that expectations of default risk are currently low. The agency cited India's robust economic expansion as a key factor positively influencing its credit metrics. This development coincides with the final stages of India's extensive Lok Sabha elections, which have spanned six weeks, making it the largest democratic exercise in the world.
Benchmark equity indices Sensex and Nifty continued their downward trajectory on Thursday, marking a fifth consecutive day of declines. The downturn was driven by profit booking amid the monthly expiry in the derivatives segment. The 30-share BSE Sensex plunged by 617.30 points, or 0.83%, to settle at 73,885.60. During the day, it hit a low of 73,668.73 due to heavy selling in blue-chip stocks. Similarly, the NSE Nifty dropped by 216.05 points, or 0.95%, closing at 22,488.65.
S&P Global Ratings has upgraded India's credit rating outlook from stable to positive, citing policy stability, economic reforms, and high infrastructure investment as key factors driving sustained long-term growth prospects. The sovereign rating remains at 'BBB-', the lowest investment grade.
TIME magazine has unveiled its coveted list of 100 World's Most Influential Companies for 2024, featuring India's corporate powerhouses Reliance Industries and Tata Group, along with Serum Institute. Reliance Industries, headed by Mukesh Ambani, earned its spot for the second time, with TIME hailing it as 'India's Juggernaut'. The conglomerate's subsidiary, Jio Platforms, was previously honored in TIME's inaugural 100 Most Influential Companies List of 2021.
Equity benchmark indices rebounded in early trade on Friday (May 31), after witnessing a decline for the last five days, amid a rally in Asian markets along with buying in index majors Larsen & Toubro and Mahindra & Mahindra. The 30-share BSE Sensex climbed 550.22 points to 74,435.82 in early trade. The NSE Nifty went up by 147.15 points to 22,635.80. In the five days of fall, the BSE benchmark tanked 1,532 points or 2 per cent.
Stock markets update: Equity benchmark indices declined in early trade on Wednesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 416.1 points to 74,754.35. Meanwhile, the Nifty declined 125.9 points to 22,762.25. 
New Delhi: One97 Communications Limited, the parent company of Paytm, has denied being in discussions with the Adani Group about a potential stake sale, terming the report "speculative". This clarification comes in response to a report suggesting that billionaire Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in the digital payments company.
S&P Global Ratings on Wednesday upgraded India's sovereign rating outlook to positive from stable while retaining the rating at 'BBB-' on robust growth and improved quality of government expenditure.
Gold and silver prices: Both gold and silver prices recorded a dip on the Multi Commodity Exchange (MCX) on Thursday. The price of 24-carat gold decreased by Rs 380, with 10 grams of the precious metal trading at Rs 72,560  at 8 am on Thursday. Similarly, the price of silver also saw a dip by Rs 130, with 1 kilogram of the precious metal selling at Rs 96,470 in the country.
Stock markets update: Equity benchmark indices declined on second consecutive days in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 183.39 points to 74,319.51. Meanwhile, the Nifty declined 58.90 points to 22,645.80.  
S&P Global Ratings has upgraded India's sovereign rating outlook to 'positive' from 'stable', while maintaining the rating at 'BBB-'. Notably, the 'BBB' ratings indicate that expectations of default risk are currently low. The agency cited India's robust economic expansion as a key factor positively influencing its credit metrics. This development coincides with the final stages of India's extensive Lok Sabha elections, which have spanned six weeks, making it the largest democratic exercise in the world.
Benchmark equity indices Sensex and Nifty continued their downward trajectory on Thursday, marking a fifth consecutive day of declines. The downturn was driven by profit booking amid the monthly expiry in the derivatives segment. The 30-share BSE Sensex plunged by 617.30 points, or 0.83%, to settle at 73,885.60. During the day, it hit a low of 73,668.73 due to heavy selling in blue-chip stocks. Similarly, the NSE Nifty dropped by 216.05 points, or 0.95%, closing at 22,488.65.
S&P Global Ratings has upgraded India's credit rating outlook from stable to positive, citing policy stability, economic reforms, and high infrastructure investment as key factors driving sustained long-term growth prospects. The sovereign rating remains at 'BBB-', the lowest investment grade.
TIME magazine has unveiled its coveted list of 100 World's Most Influential Companies for 2024, featuring India's corporate powerhouses Reliance Industries and Tata Group, along with Serum Institute. Reliance Industries, headed by Mukesh Ambani, earned its spot for the second time, with TIME hailing it as 'India's Juggernaut'. The conglomerate's subsidiary, Jio Platforms, was previously honored in TIME's inaugural 100 Most Influential Companies List of 2021.
Equity benchmark indices rebounded in early trade on Friday (May 31), after witnessing a decline for the last five days, amid a rally in Asian markets along with buying in index majors Larsen & Toubro and Mahindra & Mahindra. The 30-share BSE Sensex climbed 550.22 points to 74,435.82 in early trade. The NSE Nifty went up by 147.15 points to 22,635.80. In the five days of fall, the BSE benchmark tanked 1,532 points or 2 per cent.
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