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IndiaTV Business: Google News Feed: Digest for June 20, 2024

IndiaTV Business: Google News Feed

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New Delhi: The GST Council, chaired by Finance Minister Nirmala Sitharaman, is scheduled to meet on June 22 in the national capital after a gap of eight months. The council is expected to review the implementation of the 28 per cent GST on the online gaming sector. The agenda for the 53rd meeting is yet to be circulated amongst the Council members.
New Delhi: Mumbai ranked third and Delhi fifth among the top 44 cities globally in terms of housing price increases during the January-March 2024 period, as per the London-based global property consultancy firm Knight Frank's recent report 'Prime Global Cities Index Q1 2024'. However, Bengaluru's ranking has also improved during this time.
Moody's latest Ratings revealed that India is poised to maintain its position as the Asia-Pacific region's top-performing economy in 2024, continuing the robust growth driven by domestic factors seen last year. According to its report titled "Credit Conditions – Asia-Pacific H2 2024 Credit Outlook," Indonesia, the Philippines, and India have shown strong growth in the first half of the year and are expected to surpass pre-Covid growth levels. This is supported by increasing exports, strong local demand, and substantial government investments in infrastructure, it added. 
The wholesale inflation rose for the third consecutive month in May at 2.61 per cent on account of rise in prices of food articles, especially vegetables, and manufactured items. "Positive rate of inflation in May, 2024 is primarily due to increase in prices of food articles, manufacture of food products, crude petroleum & natural gas, mineral oils, other manufacturing etc," the Ministry of Commerce & Industry said in a statement on Friday.
The Insurance Regulatory Development Authority of India (IRDAI) has introduced new customer-friendly measures for health insurance policies. According to the latest circular, if insurers fail to settle claims within three hours during discharge, they must cover any additional costs incurred due to the extended hospital stay from the shareholders' fund.
The petrol and diesel prices are likely to go up in Karnataka as the Congress-led state government revised sales tax by 29.84 per cent and 18.44 per cent. According to the Petroleum Dealers Association, petrol and diesel prices are likely to go up by Rs 3 and Rs 3.05 approximately in Karnataka.
Eid-al-Adha 2024: The stock market will be closed for trading on Monday (June 17) on the auspicious occasion of Bakri Eid. According to the National Stock Exchange's (NSE) official website, the trading is set to resume on Tuesday (June 18). 
The Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) Yojana, launched by the NDA government in 2018, aims to support landholding farmer families by providing financial assistance for agricultural and allied activities. Eligible farmers receive Rs 2,000 every four months, totalling Rs 6,000 annually. Prime Minister Narendra Modi announced the release of the 17th installment, amounting to around Rs 20,000 crore, which will benefit 9.3 crore farmers. This marks the government's continued commitment to farmer welfare.

Sensex, Nifty hit new all-time high levels in early trade

Tuesday 18 June 2024 04:08 AM UTC+00
The Indian stock markets witnessed a significant surge as the Sensex and Nifty reached new all-time high levels in early trading on Monday. The S&P BSE Sensex rose by 0.22% to 77,180.69 at 9:16 am, while the NSE Nifty50 gained 0.25%, trading at 23,523.30.

Sensex, Nifty reach new all-time highs in early trade

Wednesday 19 June 2024 04:01 AM UTC+00
The Sensex and Nifty indices soared to new all-time highs in early trading today. The surge reflected strong investor confidence and positive market sentiment. Key sectors driving the gains include technology, banking, and consumer goods.
New Delhi: Mumbai ranked third and Delhi fifth among the top 44 cities globally in terms of housing price increases during the January-March 2024 period, as per the London-based global property consultancy firm Knight Frank's recent report 'Prime Global Cities Index Q1 2024'. However, Bengaluru's ranking has also improved during this time.
Moody's latest Ratings revealed that India is poised to maintain its position as the Asia-Pacific region's top-performing economy in 2024, continuing the robust growth driven by domestic factors seen last year. According to its report titled "Credit Conditions – Asia-Pacific H2 2024 Credit Outlook," Indonesia, the Philippines, and India have shown strong growth in the first half of the year and are expected to surpass pre-Covid growth levels. This is supported by increasing exports, strong local demand, and substantial government investments in infrastructure, it added. 
The wholesale inflation rose for the third consecutive month in May at 2.61 per cent on account of rise in prices of food articles, especially vegetables, and manufactured items. "Positive rate of inflation in May, 2024 is primarily due to increase in prices of food articles, manufacture of food products, crude petroleum & natural gas, mineral oils, other manufacturing etc," the Ministry of Commerce & Industry said in a statement on Friday.
The Insurance Regulatory Development Authority of India (IRDAI) has introduced new customer-friendly measures for health insurance policies. According to the latest circular, if insurers fail to settle claims within three hours during discharge, they must cover any additional costs incurred due to the extended hospital stay from the shareholders' fund.
The petrol and diesel prices are likely to go up in Karnataka as the Congress-led state government revised sales tax by 29.84 per cent and 18.44 per cent. According to the Petroleum Dealers Association, petrol and diesel prices are likely to go up by Rs 3 and Rs 3.05 approximately in Karnataka.
Eid-al-Adha 2024: The stock market will be closed for trading on Monday (June 17) on the auspicious occasion of Bakri Eid. According to the National Stock Exchange's (NSE) official website, the trading is set to resume on Tuesday (June 18). 
The Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) Yojana, launched by the NDA government in 2018, aims to support landholding farmer families by providing financial assistance for agricultural and allied activities. Eligible farmers receive Rs 2,000 every four months, totalling Rs 6,000 annually. Prime Minister Narendra Modi announced the release of the 17th installment, amounting to around Rs 20,000 crore, which will benefit 9.3 crore farmers. This marks the government's continued commitment to farmer welfare.

Sensex, Nifty hit new all-time high levels in early trade

Tuesday 18 June 2024 04:08 AM UTC+00
The Indian stock markets witnessed a significant surge as the Sensex and Nifty reached new all-time high levels in early trading on Monday. The S&P BSE Sensex rose by 0.22% to 77,180.69 at 9:16 am, while the NSE Nifty50 gained 0.25%, trading at 23,523.30.

Sensex opens at record high, Nifty surpasses 23,500

Wednesday 19 June 2024 04:01 AM UTC+00
Indian shares surged to new record highs in early trading, tracking gains in global equities. The NSE Nifty 50 rose by 0.31% to 23,629.85, while the S&P BSE Sensex climbed 0.31% to 77,543.22. The rally was driven by expectations of an early rate cut by the Federal Reserve, following soft US retail sales data. Twelve of the 13 major sectors recorded gains, with 46 out of Nifty 50 companies advancing. 
Gautam Adani, Chairman of Adani Group, highlighted the crucial role of infrastructure in India's economy during the CRISIL-organised event "Infrastructure - Inspiration for India's Future" on Wednesday. He stressed that infrastructure plays a pivotal role in the country's economic framework and predicted it would play a significant role in shaping India's future. Adani noted, "The stories of tomorrow are said to be the ground of tomorrow." He emphasized that India's foundational framework is witnessing remarkable transformations, crucial for economic growth and development.
New Delhi: Mumbai ranked third and Delhi fifth among the top 44 cities globally in terms of housing price increases during the January-March 2024 period, as per the London-based global property consultancy firm Knight Frank's recent report 'Prime Global Cities Index Q1 2024'. However, Bengaluru's ranking has also improved during this time.
Moody's latest Ratings revealed that India is poised to maintain its position as the Asia-Pacific region's top-performing economy in 2024, continuing the robust growth driven by domestic factors seen last year. According to its report titled "Credit Conditions – Asia-Pacific H2 2024 Credit Outlook," Indonesia, the Philippines, and India have shown strong growth in the first half of the year and are expected to surpass pre-Covid growth levels. This is supported by increasing exports, strong local demand, and substantial government investments in infrastructure, it added. 
The wholesale inflation rose for the third consecutive month in May at 2.61 per cent on account of rise in prices of food articles, especially vegetables, and manufactured items. "Positive rate of inflation in May, 2024 is primarily due to increase in prices of food articles, manufacture of food products, crude petroleum & natural gas, mineral oils, other manufacturing etc," the Ministry of Commerce & Industry said in a statement on Friday.
The Insurance Regulatory Development Authority of India (IRDAI) has introduced new customer-friendly measures for health insurance policies. According to the latest circular, if insurers fail to settle claims within three hours during discharge, they must cover any additional costs incurred due to the extended hospital stay from the shareholders' fund.
The petrol and diesel prices are likely to go up in Karnataka as the Congress-led state government revised sales tax by 29.84 per cent and 18.44 per cent. According to the Petroleum Dealers Association, petrol and diesel prices are likely to go up by Rs 3 and Rs 3.05 approximately in Karnataka.
Eid-al-Adha 2024: The stock market will be closed for trading on Monday (June 17) on the auspicious occasion of Bakri Eid. According to the National Stock Exchange's (NSE) official website, the trading is set to resume on Tuesday (June 18). 
The Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) Yojana, launched by the NDA government in 2018, aims to support landholding farmer families by providing financial assistance for agricultural and allied activities. Eligible farmers receive Rs 2,000 every four months, totalling Rs 6,000 annually. Prime Minister Narendra Modi announced the release of the 17th installment, amounting to around Rs 20,000 crore, which will benefit 9.3 crore farmers. This marks the government's continued commitment to farmer welfare.

Sensex, Nifty hit new all-time high levels in early trade

Tuesday 18 June 2024 04:08 AM UTC+00
The Indian stock markets witnessed a significant surge as the Sensex and Nifty reached new all-time high levels in early trading on Monday. The S&P BSE Sensex rose by 0.22% to 77,180.69 at 9:16 am, while the NSE Nifty50 gained 0.25%, trading at 23,523.30.

Sensex opens at record high, Nifty surpasses 23,500

Wednesday 19 June 2024 04:01 AM UTC+00
Indian shares surged to new record highs in early trading, tracking gains in global equities. The NSE Nifty 50 rose by 0.31% to 23,629.85, while the S&P BSE Sensex climbed 0.31% to 77,543.22. The rally was driven by expectations of an early rate cut by the Federal Reserve, following soft US retail sales data. Twelve of the 13 major sectors recorded gains, with 46 out of Nifty 50 companies advancing. 
Gautam Adani, Chairman of Adani Group, highlighted the crucial role of infrastructure in India's economy during the CRISIL-organised event "Infrastructure - Inspiration for India's Future" on Wednesday. He stressed that infrastructure plays a pivotal role in the country's economic framework and predicted it would play a significant role in shaping India's future. Adani noted, "The stories of tomorrow are said to be the ground of tomorrow." He emphasized that India's foundational framework is witnessing remarkable transformations, crucial for economic growth and development.
New Delhi: Mumbai ranked third and Delhi fifth among the top 44 cities globally in terms of housing price increases during the January-March 2024 period, as per the London-based global property consultancy firm Knight Frank's recent report 'Prime Global Cities Index Q1 2024'. However, Bengaluru's ranking has also improved during this time.
Moody's latest Ratings revealed that India is poised to maintain its position as the Asia-Pacific region's top-performing economy in 2024, continuing the robust growth driven by domestic factors seen last year. According to its report titled "Credit Conditions – Asia-Pacific H2 2024 Credit Outlook," Indonesia, the Philippines, and India have shown strong growth in the first half of the year and are expected to surpass pre-Covid growth levels. This is supported by increasing exports, strong local demand, and substantial government investments in infrastructure, it added. 
The wholesale inflation rose for the third consecutive month in May at 2.61 per cent on account of rise in prices of food articles, especially vegetables, and manufactured items. "Positive rate of inflation in May, 2024 is primarily due to increase in prices of food articles, manufacture of food products, crude petroleum & natural gas, mineral oils, other manufacturing etc," the Ministry of Commerce & Industry said in a statement on Friday.
The Insurance Regulatory Development Authority of India (IRDAI) has introduced new customer-friendly measures for health insurance policies. According to the latest circular, if insurers fail to settle claims within three hours during discharge, they must cover any additional costs incurred due to the extended hospital stay from the shareholders' fund.
The petrol and diesel prices are likely to go up in Karnataka as the Congress-led state government revised sales tax by 29.84 per cent and 18.44 per cent. According to the Petroleum Dealers Association, petrol and diesel prices are likely to go up by Rs 3 and Rs 3.05 approximately in Karnataka.
Eid-al-Adha 2024: The stock market will be closed for trading on Monday (June 17) on the auspicious occasion of Bakri Eid. According to the National Stock Exchange's (NSE) official website, the trading is set to resume on Tuesday (June 18). 
The Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) Yojana, launched by the NDA government in 2018, aims to support landholding farmer families by providing financial assistance for agricultural and allied activities. Eligible farmers receive Rs 2,000 every four months, totalling Rs 6,000 annually. Prime Minister Narendra Modi announced the release of the 17th installment, amounting to around Rs 20,000 crore, which will benefit 9.3 crore farmers. This marks the government's continued commitment to farmer welfare.

Sensex, Nifty hit new all-time high levels in early trade

Tuesday 18 June 2024 04:08 AM UTC+00
The Indian stock markets witnessed a significant surge as the Sensex and Nifty reached new all-time high levels in early trading on Monday. The S&P BSE Sensex rose by 0.22% to 77,180.69 at 9:16 am, while the NSE Nifty50 gained 0.25%, trading at 23,523.30.

Sensex opens at record high, Nifty surpasses 23,500

Wednesday 19 June 2024 04:01 AM UTC+00
Indian shares surged to new record highs in early trading, tracking gains in global equities. The NSE Nifty 50 rose by 0.31% to 23,629.85, while the S&P BSE Sensex climbed 0.31% to 77,543.22. The rally was driven by expectations of an early rate cut by the Federal Reserve, following soft US retail sales data. Twelve of the 13 major sectors recorded gains, with 46 out of Nifty 50 companies advancing. 
Gautam Adani, Chairman of Adani Group, highlighted the crucial role of infrastructure in India's economy during the CRISIL-organised event "Infrastructure - Inspiration for India's Future" on Wednesday. He stressed that infrastructure plays a pivotal role in the country's economic framework and predicted it would play a significant role in shaping India's future. Adani noted, "The stories of tomorrow are said to be the ground of tomorrow." He emphasized that India's foundational framework is witnessing remarkable transformations, crucial for economic growth and development.
New Delhi: Mumbai ranked third and Delhi fifth among the top 44 cities globally in terms of housing price increases during the January-March 2024 period, as per the London-based global property consultancy firm Knight Frank's recent report 'Prime Global Cities Index Q1 2024'. However, Bengaluru's ranking has also improved during this time.
Moody's latest Ratings revealed that India is poised to maintain its position as the Asia-Pacific region's top-performing economy in 2024, continuing the robust growth driven by domestic factors seen last year. According to its report titled "Credit Conditions – Asia-Pacific H2 2024 Credit Outlook," Indonesia, the Philippines, and India have shown strong growth in the first half of the year and are expected to surpass pre-Covid growth levels. This is supported by increasing exports, strong local demand, and substantial government investments in infrastructure, it added. 
The wholesale inflation rose for the third consecutive month in May at 2.61 per cent on account of rise in prices of food articles, especially vegetables, and manufactured items. "Positive rate of inflation in May, 2024 is primarily due to increase in prices of food articles, manufacture of food products, crude petroleum & natural gas, mineral oils, other manufacturing etc," the Ministry of Commerce & Industry said in a statement on Friday.
The Insurance Regulatory Development Authority of India (IRDAI) has introduced new customer-friendly measures for health insurance policies. According to the latest circular, if insurers fail to settle claims within three hours during discharge, they must cover any additional costs incurred due to the extended hospital stay from the shareholders' fund.
The petrol and diesel prices are likely to go up in Karnataka as the Congress-led state government revised sales tax by 29.84 per cent and 18.44 per cent. According to the Petroleum Dealers Association, petrol and diesel prices are likely to go up by Rs 3 and Rs 3.05 approximately in Karnataka.
Eid-al-Adha 2024: The stock market will be closed for trading on Monday (June 17) on the auspicious occasion of Bakri Eid. According to the National Stock Exchange's (NSE) official website, the trading is set to resume on Tuesday (June 18). 
The Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) Yojana, launched by the NDA government in 2018, aims to support landholding farmer families by providing financial assistance for agricultural and allied activities. Eligible farmers receive Rs 2,000 every four months, totalling Rs 6,000 annually. Prime Minister Narendra Modi announced the release of the 17th installment, amounting to around Rs 20,000 crore, which will benefit 9.3 crore farmers. This marks the government's continued commitment to farmer welfare.

Sensex, Nifty hit new all-time high levels in early trade

Tuesday 18 June 2024 04:08 AM UTC+00
The Indian stock markets witnessed a significant surge as the Sensex and Nifty reached new all-time high levels in early trading on Monday. The S&P BSE Sensex rose by 0.22% to 77,180.69 at 9:16 am, while the NSE Nifty50 gained 0.25%, trading at 23,523.30.

Sensex opens at record high, Nifty surpasses 23,500

Wednesday 19 June 2024 04:01 AM UTC+00
Indian shares surged to new record highs in early trading, tracking gains in global equities. The NSE Nifty 50 rose by 0.31% to 23,629.85, while the S&P BSE Sensex climbed 0.31% to 77,543.22. The rally was driven by expectations of an early rate cut by the Federal Reserve, following soft US retail sales data. Twelve of the 13 major sectors recorded gains, with 46 out of Nifty 50 companies advancing. 
Gautam Adani, Chairman of Adani Group, highlighted the crucial role of infrastructure in India's economy during the CRISIL-organised event "Infrastructure - Inspiration for India's Future" on Wednesday. He stressed that infrastructure plays a pivotal role in the country's economic framework and predicted it would play a significant role in shaping India's future. Adani noted, "The stories of tomorrow are said to be the ground of tomorrow." He emphasized that India's foundational framework is witnessing remarkable transformations, crucial for economic growth and development.
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