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IndiaTV Business: Google News Feed: Digest for May 07, 2024

IndiaTV Business: Google News Feed

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As India grapples with scorching heatwaves, concerns rise over a potential spike in food inflation, particularly impacting vegetable and mango prices, which are already soaring. Following a prolonged surge in cereal and pulse prices, experts questioned whether this marks a new volatile front in the battle against inflation. The Indian Meteorological Department (IMD) painted a grim picture, predicting no immediate relief from the intense heatwaves as April temperatures surpass normal levels.
The Reserve Bank of India (RBI) revealed that as of May 2, 97.76% of the Rs 2,000 currency notes in circulation since May 19, 2023, have been reintegrated into the banking system. The total value of Rs 2,000 banknotes dropped significantly from Rs 3.56 lakh crore in May 2023 to just Rs 7,961 crore by April 30, 2024, marking a substantial decline, according to RBI statements.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 470.92 points to 75,082.03. Meanwhile, the Nifty was also up by 139.5 points to 22,787.70 points.
Business news: Apple, the iPhone maker, unveiled a record share buyback program, sending its stock up 6 per cent in extended trade as the company's quarterly results and forecast beat modest expectations on Thursday. Apple increased its cash dividend by 4 per cent and authorised an additional program to buy back USD 110 billion of stock, which is the largest in the company's history. Apple's quarterly revenue fell and CEO Tim Cook said revenue growth would return to the current quarter.
The Central government is planning to revolutionise intercity domestic transport with the introduction of Air Taxi. The Ministry of Civil Aviation in a joint effort with the Ministry of Home Affairs, Directorate General of Civil Aviation (DGCA), Airport Authority of India (AAI), Digital Sky is planning to launch Air Taxi on Public Private Partnership in Delhi NCR.
The government today (May 4) lifted the ban on onion exports but imposed a minimum export price (MEP) of USD 550 per tonne. The decision assumes significance as the commodity is politically sensitive and general elections are going on in the country.
With effect from May 2, the free cabin baggage allowance for the 'Comfort' and 'Comfort Plus' categories has been reduced to 15 kg from 20 kg and 25 kg, respectively. The changes have been made in the menu-based pricing model fare families that were introduced by the Tata Group-owned Air India last August, with the airline saying that a one-size-fits-all approach is no longer ideal.
Paytm's parent company One97 Communications president and chief operating officer Bhavesh Gupta has resigned from the company, an official statement said on Saturday. As part of a change in leadership structure, fintech firm Paytm has appointed Rakesh Singh as chief executive officer of Paytm Money.
Foreign portfolio investors (FPIs) have again returned as net buyers in the Indian stock market in the month of May. Till May 3 (Friday), they bought equities worth Rs 1,156 crore in India, data from National Securities Depository Limited (NSDL) showed. In April, FPIs turned net sellers in Indian stocks, as the ongoing geopolitical crisis in the Middle East then likely pushed investors to take money off their portfolios.
Billionaire investor Warren Buffett, speaking at Berkshire Hathaway's annual meeting, expressed interest in exploring untapped opportunities in the Indian market. Responding to a query from Rajeev Agarwal of DoorDarshi Advisors about the possibility of Berkshire venturing into India, Buffett acknowledged the potential of the Indian economy as the world's fifth-largest.
The Reserve Bank of India (RBI) revealed that as of May 2, 97.76% of the Rs 2,000 currency notes in circulation since May 19, 2023, have been reintegrated into the banking system. The total value of Rs 2,000 banknotes dropped significantly from Rs 3.56 lakh crore in May 2023 to just Rs 7,961 crore by April 30, 2024, marking a substantial decline, according to RBI statements.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 470.92 points to 75,082.03. Meanwhile, the Nifty was also up by 139.5 points to 22,787.70 points.
Business news: Apple, the iPhone maker, unveiled a record share buyback program, sending its stock up 6 per cent in extended trade as the company's quarterly results and forecast beat modest expectations on Thursday. Apple increased its cash dividend by 4 per cent and authorised an additional program to buy back USD 110 billion of stock, which is the largest in the company's history. Apple's quarterly revenue fell and CEO Tim Cook said revenue growth would return to the current quarter.
The Central government is planning to revolutionise intercity domestic transport with the introduction of Air Taxi. The Ministry of Civil Aviation in a joint effort with the Ministry of Home Affairs, Directorate General of Civil Aviation (DGCA), Airport Authority of India (AAI), Digital Sky is planning to launch Air Taxi on Public Private Partnership in Delhi NCR.
The government today (May 4) lifted the ban on onion exports but imposed a minimum export price (MEP) of USD 550 per tonne. The decision assumes significance as the commodity is politically sensitive and general elections are going on in the country.
With effect from May 2, the free cabin baggage allowance for the 'Comfort' and 'Comfort Plus' categories has been reduced to 15 kg from 20 kg and 25 kg, respectively. The changes have been made in the menu-based pricing model fare families that were introduced by the Tata Group-owned Air India last August, with the airline saying that a one-size-fits-all approach is no longer ideal.
Paytm's parent company One97 Communications president and chief operating officer Bhavesh Gupta has resigned from the company, an official statement said on Saturday. As part of a change in leadership structure, fintech firm Paytm has appointed Rakesh Singh as chief executive officer of Paytm Money.
Foreign portfolio investors (FPIs) have again returned as net buyers in the Indian stock market in the month of May. Till May 3 (Friday), they bought equities worth Rs 1,156 crore in India, data from National Securities Depository Limited (NSDL) showed. In April, FPIs turned net sellers in Indian stocks, as the ongoing geopolitical crisis in the Middle East then likely pushed investors to take money off their portfolios.
Billionaire investor Warren Buffett, speaking at Berkshire Hathaway's annual meeting, expressed interest in exploring untapped opportunities in the Indian market. Responding to a query from Rajeev Agarwal of DoorDarshi Advisors about the possibility of Berkshire venturing into India, Buffett acknowledged the potential of the Indian economy as the world's fifth-largest.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 450 points to 74,081.79. Meanwhile, the Nifty was trading at over 22,550 points. 
The Reserve Bank of India (RBI) revealed that as of May 2, 97.76% of the Rs 2,000 currency notes in circulation since May 19, 2023, have been reintegrated into the banking system. The total value of Rs 2,000 banknotes dropped significantly from Rs 3.56 lakh crore in May 2023 to just Rs 7,961 crore by April 30, 2024, marking a substantial decline, according to RBI statements.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 470.92 points to 75,082.03. Meanwhile, the Nifty was also up by 139.5 points to 22,787.70 points.
Business news: Apple, the iPhone maker, unveiled a record share buyback program, sending its stock up 6 per cent in extended trade as the company's quarterly results and forecast beat modest expectations on Thursday. Apple increased its cash dividend by 4 per cent and authorised an additional program to buy back USD 110 billion of stock, which is the largest in the company's history. Apple's quarterly revenue fell and CEO Tim Cook said revenue growth would return to the current quarter.
The Central government is planning to revolutionise intercity domestic transport with the introduction of Air Taxi. The Ministry of Civil Aviation in a joint effort with the Ministry of Home Affairs, Directorate General of Civil Aviation (DGCA), Airport Authority of India (AAI), Digital Sky is planning to launch Air Taxi on Public Private Partnership in Delhi NCR.
The government today (May 4) lifted the ban on onion exports but imposed a minimum export price (MEP) of USD 550 per tonne. The decision assumes significance as the commodity is politically sensitive and general elections are going on in the country.
With effect from May 2, the free cabin baggage allowance for the 'Comfort' and 'Comfort Plus' categories has been reduced to 15 kg from 20 kg and 25 kg, respectively. The changes have been made in the menu-based pricing model fare families that were introduced by the Tata Group-owned Air India last August, with the airline saying that a one-size-fits-all approach is no longer ideal.
Paytm's parent company One97 Communications president and chief operating officer Bhavesh Gupta has resigned from the company, an official statement said on Saturday. As part of a change in leadership structure, fintech firm Paytm has appointed Rakesh Singh as chief executive officer of Paytm Money.
Foreign portfolio investors (FPIs) have again returned as net buyers in the Indian stock market in the month of May. Till May 3 (Friday), they bought equities worth Rs 1,156 crore in India, data from National Securities Depository Limited (NSDL) showed. In April, FPIs turned net sellers in Indian stocks, as the ongoing geopolitical crisis in the Middle East then likely pushed investors to take money off their portfolios.
Billionaire investor Warren Buffett, speaking at Berkshire Hathaway's annual meeting, expressed interest in exploring untapped opportunities in the Indian market. Responding to a query from Rajeev Agarwal of DoorDarshi Advisors about the possibility of Berkshire venturing into India, Buffett acknowledged the potential of the Indian economy as the world's fifth-largest.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 450 points to 74,081.79. Meanwhile, the Nifty was trading at over 22,550 points. 
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 470.92 points to 75,082.03. Meanwhile, the Nifty was also up by 139.5 points to 22,787.70 points.
Business news: Apple, the iPhone maker, unveiled a record share buyback program, sending its stock up 6 per cent in extended trade as the company's quarterly results and forecast beat modest expectations on Thursday. Apple increased its cash dividend by 4 per cent and authorised an additional program to buy back USD 110 billion of stock, which is the largest in the company's history. Apple's quarterly revenue fell and CEO Tim Cook said revenue growth would return to the current quarter.
The Central government is planning to revolutionise intercity domestic transport with the introduction of Air Taxi. The Ministry of Civil Aviation in a joint effort with the Ministry of Home Affairs, Directorate General of Civil Aviation (DGCA), Airport Authority of India (AAI), Digital Sky is planning to launch Air Taxi on Public Private Partnership in Delhi NCR.
The government today (May 4) lifted the ban on onion exports but imposed a minimum export price (MEP) of USD 550 per tonne. The decision assumes significance as the commodity is politically sensitive and general elections are going on in the country.
With effect from May 2, the free cabin baggage allowance for the 'Comfort' and 'Comfort Plus' categories has been reduced to 15 kg from 20 kg and 25 kg, respectively. The changes have been made in the menu-based pricing model fare families that were introduced by the Tata Group-owned Air India last August, with the airline saying that a one-size-fits-all approach is no longer ideal.
Paytm's parent company One97 Communications president and chief operating officer Bhavesh Gupta has resigned from the company, an official statement said on Saturday. As part of a change in leadership structure, fintech firm Paytm has appointed Rakesh Singh as chief executive officer of Paytm Money.
Foreign portfolio investors (FPIs) have again returned as net buyers in the Indian stock market in the month of May. Till May 3 (Friday), they bought equities worth Rs 1,156 crore in India, data from National Securities Depository Limited (NSDL) showed. In April, FPIs turned net sellers in Indian stocks, as the ongoing geopolitical crisis in the Middle East then likely pushed investors to take money off their portfolios.
Billionaire investor Warren Buffett, speaking at Berkshire Hathaway's annual meeting, expressed interest in exploring untapped opportunities in the Indian market. Responding to a query from Rajeev Agarwal of DoorDarshi Advisors about the possibility of Berkshire venturing into India, Buffett acknowledged the potential of the Indian economy as the world's fifth-largest.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 450 points to 74,081.79. Meanwhile, the Nifty was trading at over 22,550 points. 
In today's trading session, the stock market witnessed mixed movement, with the Sensex closing marginally up and the Nifty slipping. The Sensex, India's benchmark stock index, edged up by 17.39 points, closing at 73,895.54. Despite minor gains, the index managed to maintain its position above the 73,000 mark. On the other hand, the Nifty, representing the broader market sentiment, dipped by 33.15 points, closing at 22,442.70. The decline in the Nifty reflects a slight downturn in market performance.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 470.92 points to 75,082.03. Meanwhile, the Nifty was also up by 139.5 points to 22,787.70 points.
Business news: Apple, the iPhone maker, unveiled a record share buyback program, sending its stock up 6 per cent in extended trade as the company's quarterly results and forecast beat modest expectations on Thursday. Apple increased its cash dividend by 4 per cent and authorised an additional program to buy back USD 110 billion of stock, which is the largest in the company's history. Apple's quarterly revenue fell and CEO Tim Cook said revenue growth would return to the current quarter.
The Central government is planning to revolutionise intercity domestic transport with the introduction of Air Taxi. The Ministry of Civil Aviation in a joint effort with the Ministry of Home Affairs, Directorate General of Civil Aviation (DGCA), Airport Authority of India (AAI), Digital Sky is planning to launch Air Taxi on Public Private Partnership in Delhi NCR.
The government today (May 4) lifted the ban on onion exports but imposed a minimum export price (MEP) of USD 550 per tonne. The decision assumes significance as the commodity is politically sensitive and general elections are going on in the country.
With effect from May 2, the free cabin baggage allowance for the 'Comfort' and 'Comfort Plus' categories has been reduced to 15 kg from 20 kg and 25 kg, respectively. The changes have been made in the menu-based pricing model fare families that were introduced by the Tata Group-owned Air India last August, with the airline saying that a one-size-fits-all approach is no longer ideal.
Paytm's parent company One97 Communications president and chief operating officer Bhavesh Gupta has resigned from the company, an official statement said on Saturday. As part of a change in leadership structure, fintech firm Paytm has appointed Rakesh Singh as chief executive officer of Paytm Money.
Foreign portfolio investors (FPIs) have again returned as net buyers in the Indian stock market in the month of May. Till May 3 (Friday), they bought equities worth Rs 1,156 crore in India, data from National Securities Depository Limited (NSDL) showed. In April, FPIs turned net sellers in Indian stocks, as the ongoing geopolitical crisis in the Middle East then likely pushed investors to take money off their portfolios.
Billionaire investor Warren Buffett, speaking at Berkshire Hathaway's annual meeting, expressed interest in exploring untapped opportunities in the Indian market. Responding to a query from Rajeev Agarwal of DoorDarshi Advisors about the possibility of Berkshire venturing into India, Buffett acknowledged the potential of the Indian economy as the world's fifth-largest.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 450 points to 74,081.79. Meanwhile, the Nifty was trading at over 22,550 points. 
In today's trading session, the stock market witnessed mixed movement, with the Sensex closing marginally up and the Nifty slipping. The Sensex, India's benchmark stock index, edged up by 17.39 points, closing at 73,895.54. Despite minor gains, the index managed to maintain its position above the 73,000 mark. On the other hand, the Nifty, representing the broader market sentiment, dipped by 33.15 points, closing at 22,442.70. The decline in the Nifty reflects a slight downturn in market performance.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 470.92 points to 75,082.03. Meanwhile, the Nifty was also up by 139.5 points to 22,787.70 points.
Business news: Apple, the iPhone maker, unveiled a record share buyback program, sending its stock up 6 per cent in extended trade as the company's quarterly results and forecast beat modest expectations on Thursday. Apple increased its cash dividend by 4 per cent and authorised an additional program to buy back USD 110 billion of stock, which is the largest in the company's history. Apple's quarterly revenue fell and CEO Tim Cook said revenue growth would return to the current quarter.
The Central government is planning to revolutionise intercity domestic transport with the introduction of Air Taxi. The Ministry of Civil Aviation in a joint effort with the Ministry of Home Affairs, Directorate General of Civil Aviation (DGCA), Airport Authority of India (AAI), Digital Sky is planning to launch Air Taxi on Public Private Partnership in Delhi NCR.
The government today (May 4) lifted the ban on onion exports but imposed a minimum export price (MEP) of USD 550 per tonne. The decision assumes significance as the commodity is politically sensitive and general elections are going on in the country.
With effect from May 2, the free cabin baggage allowance for the 'Comfort' and 'Comfort Plus' categories has been reduced to 15 kg from 20 kg and 25 kg, respectively. The changes have been made in the menu-based pricing model fare families that were introduced by the Tata Group-owned Air India last August, with the airline saying that a one-size-fits-all approach is no longer ideal.
Paytm's parent company One97 Communications president and chief operating officer Bhavesh Gupta has resigned from the company, an official statement said on Saturday. As part of a change in leadership structure, fintech firm Paytm has appointed Rakesh Singh as chief executive officer of Paytm Money.
Foreign portfolio investors (FPIs) have again returned as net buyers in the Indian stock market in the month of May. Till May 3 (Friday), they bought equities worth Rs 1,156 crore in India, data from National Securities Depository Limited (NSDL) showed. In April, FPIs turned net sellers in Indian stocks, as the ongoing geopolitical crisis in the Middle East then likely pushed investors to take money off their portfolios.
Billionaire investor Warren Buffett, speaking at Berkshire Hathaway's annual meeting, expressed interest in exploring untapped opportunities in the Indian market. Responding to a query from Rajeev Agarwal of DoorDarshi Advisors about the possibility of Berkshire venturing into India, Buffett acknowledged the potential of the Indian economy as the world's fifth-largest.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 450 points to 74,081.79. Meanwhile, the Nifty was trading at over 22,550 points. 
In today's trading session, the stock market witnessed mixed movement, with the Sensex closing marginally up and the Nifty slipping. The Sensex, India's benchmark stock index, edged up by 17.39 points, closing at 73,895.54. Despite minor gains, the index managed to maintain its position above the 73,000 mark. On the other hand, the Nifty, representing the broader market sentiment, dipped by 33.15 points, closing at 22,442.70. The decline in the Nifty reflects a slight downturn in market performance.
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