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IndiaTV Business: Google News Feed: Digest for May 09, 2024

IndiaTV Business: Google News Feed

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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 with minor gains in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 77.76 points to 73,973.30 Meanwhile, the Nifty was also up by 47.10 points to 22,489.80 points.
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 with minor gains in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 77.76 points to 73,973.30 Meanwhile, the Nifty was also up by 47.10 points to 22,489.80 points.
Stock markets update: Equity benchmark indices opened in red in early trade on Wednesday amid weak global cues. In the early trade, the 30-share BSE Sensex declined 363.09 points to 73,148.76. Meanwhile, the Nifty dropped by 116.9 points to 22,185.60 points.
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 with minor gains in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 77.76 points to 73,973.30 Meanwhile, the Nifty was also up by 47.10 points to 22,489.80 points.
Stock markets update: Equity benchmark indices opened in red in early trade on Wednesday amid weak global cues. In the early trade, the 30-share BSE Sensex declined 363.09 points to 73,148.76. Meanwhile, the Nifty dropped by 116.9 points to 22,185.60 points.
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 with minor gains in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 77.76 points to 73,973.30 Meanwhile, the Nifty was also up by 47.10 points to 22,489.80 points.
Stock markets update: Equity benchmark indices opened in red in early trade on Wednesday amid weak global cues. In the early trade, the 30-share BSE Sensex declined 363.09 points to 73,148.76. Meanwhile, the Nifty dropped by 116.9 points to 22,185.60 points.
The Reserve Bank of India (RBI) has proposed stricter regulations regarding loans for under-construction projects. The central bank's draft regulations suggested classifying projects based on their stages and provisioning up to five per cent during construction. Previous project loans had increased pressure on bank balances due to Non-Performing Assets (NPA). Through this, RBI aims to reduce banks' Net Performing Assets (NPA).
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 with minor gains in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 77.76 points to 73,973.30 Meanwhile, the Nifty was also up by 47.10 points to 22,489.80 points.
Stock markets update: Equity benchmark indices opened in red in early trade on Wednesday amid weak global cues. In the early trade, the 30-share BSE Sensex declined 363.09 points to 73,148.76. Meanwhile, the Nifty dropped by 116.9 points to 22,185.60 points.
The Reserve Bank of India (RBI) has proposed stricter regulations regarding loans for under-construction projects. The central bank's draft regulations suggested classifying projects based on their stages and provisioning up to five per cent during construction. Previous project loans had increased pressure on bank balances due to Non-Performing Assets (NPA). Through this, RBI aims to reduce banks' Net Performing Assets (NPA).
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 with minor gains in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 77.76 points to 73,973.30 Meanwhile, the Nifty was also up by 47.10 points to 22,489.80 points.
Stock markets update: Equity benchmark indices opened in red in early trade on Wednesday amid weak global cues. In the early trade, the 30-share BSE Sensex declined 363.09 points to 73,148.76. Meanwhile, the Nifty dropped by 116.9 points to 22,185.60 points.
The Reserve Bank of India (RBI) has proposed stricter regulations regarding loans for under-construction projects. The central bank's draft regulations suggested classifying projects based on their stages and provisioning up to five per cent during construction. Previous project loans had increased pressure on bank balances due to Non-Performing Assets (NPA). Through this, RBI aims to reduce banks' Net Performing Assets (NPA).
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