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IndiaTV Business: Google News Feed: Digest for June 26, 2024

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As the nation awaits the Union Budget for 2024-25, the government is making preparations in that direction. Union Finance Minister Nirmala Sitharaman on Saturday chaired a pre-budget meeting. She held the meeting with Finance Ministers of all the States and Union Territories.
CNG price hike: CNG price in the national capital and adjoining cities was hiked by Rs 1 per kg today (June 22) on the back of a reduction in domestic gas supplies. CNG price was hiked from Rs 74.09 to Rs 75.09 per kg, while in Noida, Greater Noida and Ghaziabad the rate went up from Rs 78.70 to Rs 79.70 per kg, according to information posted by IGL on its website.
Union Finance Minister Nirmala Sitharaman on Saturday (June 22) chaired the 53rd GST council meeting, and made several announcements ahead of the Budget. "There is going to be a rolling out of biometric-based Aadhaar authentication on an all-India basis. This will help us to combat fraudulent input tax credit claims made through fake invoices in the cases," she said.
GST council meeting: Union Finance Minister Nirmala Sitharaman today (June 22) said the intention of the central government has always been to bring petrol and diesel under Goods and Services Tax (GST), and it is now up to the states to come together and decide on the rate.
Canara Bank's official social media handle on X (formerly Twitter) has been hacked. The hacker changed the username of the handle to 'ether.fi'.  Currently, Canara Bank's official account (@canarabank) has 2.55 lakh followers. However, the bank has yet to take action in response.
Indian stock market indices BSE Sensex and Nifty50 opened lower on Monday, with Sensex falling 463.96 points to 76,745.94 and Nifty50 declining 149.6 points to 23,351.50. By 9:20 AM, Sensex was trading at 76,898.86, down 311 points or 0.40%, while Nifty50 was at 23,384.15, down 117 points or 0.50%. 
Quant Mutual Fund, a prominent player in India's financial landscape, is currently under investigation by the Securities and Exchange Board of India (Sebi) over allegations of engaging in front-running activities. Front-running is an illegal practice in the stock market where a trader executes orders on a security for their account while taking advantage of advanced, non-public information received from a broker or analyst before their clients. This practice undermines fair market principles by allowing the trader to benefit from information that is not yet available to the public.
Bank Holidays July 2024: The banks across the country will remain closed for 12 days in July this year due to regional holidays and weekend closures. The Reserve Bank of India (RBI) has issued the complete list of bank holidays for the year and as per the RBI's holiday list, banks across the country will be closed for a total of 12 days this month, including both the second and fourth Saturdays as well as Sundays. Banks operate on the first and third Saturdays of each month but remain closed on the second and fourth Saturdays. Despite the closures, online banking services will remain operational, allowing customers to conduct transactions through bank websites, mobile apps, or ATMs for urgent requirements. However, customers are urged to plan visits to bank branches carefully, considering the non-working dates.
Union Budget 2024: During a pre-budget meeting with Finance Minister Nirmala Sitharaman on Monday, trade union leaders put forth several key demands, emphasising the constitution of the 8th Pay Commission, an increase in tax rebates for the salaried class, and the restoration of the Old Pension Scheme. The union representatives stressed the necessity of stopping the government's ongoing privatisation efforts of Public Sector Undertakings (PSUs). In addition, they also called for the scrapping of the New Pension Scheme, advocating instead for a return to the Old Pension Scheme.
The Reserve Bank of India (RBI) on Monday stated that India recorded a current account surplus of USD 5.7 billion, equivalent to 0.6 per cent of Gross Domestic Product (GDP), for the March quarter. This marks a significant improvement from the same period last year, when the current account deficit was USD 1.3 billion or 0.2 per cent of GDP. Additionally, in the preceding quarter ending December 2023, the deficit stood at USD 8.7 billion or 1 per cent of GDP.
CNG price hike: CNG price in the national capital and adjoining cities was hiked by Rs 1 per kg today (June 22) on the back of a reduction in domestic gas supplies. CNG price was hiked from Rs 74.09 to Rs 75.09 per kg, while in Noida, Greater Noida and Ghaziabad the rate went up from Rs 78.70 to Rs 79.70 per kg, according to information posted by IGL on its website.
Union Finance Minister Nirmala Sitharaman on Saturday (June 22) chaired the 53rd GST council meeting, and made several announcements ahead of the Budget. "There is going to be a rolling out of biometric-based Aadhaar authentication on an all-India basis. This will help us to combat fraudulent input tax credit claims made through fake invoices in the cases," she said.
GST council meeting: Union Finance Minister Nirmala Sitharaman today (June 22) said the intention of the central government has always been to bring petrol and diesel under Goods and Services Tax (GST), and it is now up to the states to come together and decide on the rate.
Canara Bank's official social media handle on X (formerly Twitter) has been hacked. The hacker changed the username of the handle to 'ether.fi'.  Currently, Canara Bank's official account (@canarabank) has 2.55 lakh followers. However, the bank has yet to take action in response.
Indian stock market indices BSE Sensex and Nifty50 opened lower on Monday, with Sensex falling 463.96 points to 76,745.94 and Nifty50 declining 149.6 points to 23,351.50. By 9:20 AM, Sensex was trading at 76,898.86, down 311 points or 0.40%, while Nifty50 was at 23,384.15, down 117 points or 0.50%. 
Quant Mutual Fund, a prominent player in India's financial landscape, is currently under investigation by the Securities and Exchange Board of India (Sebi) over allegations of engaging in front-running activities. Front-running is an illegal practice in the stock market where a trader executes orders on a security for their account while taking advantage of advanced, non-public information received from a broker or analyst before their clients. This practice undermines fair market principles by allowing the trader to benefit from information that is not yet available to the public.
Bank Holidays July 2024: The banks across the country will remain closed for 12 days in July this year due to regional holidays and weekend closures. The Reserve Bank of India (RBI) has issued the complete list of bank holidays for the year and as per the RBI's holiday list, banks across the country will be closed for a total of 12 days this month, including both the second and fourth Saturdays as well as Sundays. Banks operate on the first and third Saturdays of each month but remain closed on the second and fourth Saturdays. Despite the closures, online banking services will remain operational, allowing customers to conduct transactions through bank websites, mobile apps, or ATMs for urgent requirements. However, customers are urged to plan visits to bank branches carefully, considering the non-working dates.
Union Budget 2024: During a pre-budget meeting with Finance Minister Nirmala Sitharaman on Monday, trade union leaders put forth several key demands, emphasising the constitution of the 8th Pay Commission, an increase in tax rebates for the salaried class, and the restoration of the Old Pension Scheme. The union representatives stressed the necessity of stopping the government's ongoing privatisation efforts of Public Sector Undertakings (PSUs). In addition, they also called for the scrapping of the New Pension Scheme, advocating instead for a return to the Old Pension Scheme.
The Reserve Bank of India (RBI) on Monday stated that India recorded a current account surplus of USD 5.7 billion, equivalent to 0.6 per cent of Gross Domestic Product (GDP), for the March quarter. This marks a significant improvement from the same period last year, when the current account deficit was USD 1.3 billion or 0.2 per cent of GDP. Additionally, in the preceding quarter ending December 2023, the deficit stood at USD 8.7 billion or 1 per cent of GDP.
After a bearish start on Monday influenced by global market weaknesses and significant foreign fund outflows, the Indian equity benchmarks witnessed a strong rebound on Tuesday. The 30-share BSE Sensex gained back 237.05 points, rising to 77,578.13 points in early trade today. Similarly, the broader Nifty index also exhibited positive momentum, climbing 65.8 points to touch 23,603.65 points. This recovery follows a dip of 463.96 points for the Sensex and 149.6 points for the Nifty in Monday's early trading session.
CNG price hike: CNG price in the national capital and adjoining cities was hiked by Rs 1 per kg today (June 22) on the back of a reduction in domestic gas supplies. CNG price was hiked from Rs 74.09 to Rs 75.09 per kg, while in Noida, Greater Noida and Ghaziabad the rate went up from Rs 78.70 to Rs 79.70 per kg, according to information posted by IGL on its website.
Union Finance Minister Nirmala Sitharaman on Saturday (June 22) chaired the 53rd GST council meeting, and made several announcements ahead of the Budget. "There is going to be a rolling out of biometric-based Aadhaar authentication on an all-India basis. This will help us to combat fraudulent input tax credit claims made through fake invoices in the cases," she said.
GST council meeting: Union Finance Minister Nirmala Sitharaman today (June 22) said the intention of the central government has always been to bring petrol and diesel under Goods and Services Tax (GST), and it is now up to the states to come together and decide on the rate.
Canara Bank's official social media handle on X (formerly Twitter) has been hacked. The hacker changed the username of the handle to 'ether.fi'.  Currently, Canara Bank's official account (@canarabank) has 2.55 lakh followers. However, the bank has yet to take action in response.
Indian stock market indices BSE Sensex and Nifty50 opened lower on Monday, with Sensex falling 463.96 points to 76,745.94 and Nifty50 declining 149.6 points to 23,351.50. By 9:20 AM, Sensex was trading at 76,898.86, down 311 points or 0.40%, while Nifty50 was at 23,384.15, down 117 points or 0.50%. 
Quant Mutual Fund, a prominent player in India's financial landscape, is currently under investigation by the Securities and Exchange Board of India (Sebi) over allegations of engaging in front-running activities. Front-running is an illegal practice in the stock market where a trader executes orders on a security for their account while taking advantage of advanced, non-public information received from a broker or analyst before their clients. This practice undermines fair market principles by allowing the trader to benefit from information that is not yet available to the public.
Bank Holidays July 2024: The banks across the country will remain closed for 12 days in July this year due to regional holidays and weekend closures. The Reserve Bank of India (RBI) has issued the complete list of bank holidays for the year and as per the RBI's holiday list, banks across the country will be closed for a total of 12 days this month, including both the second and fourth Saturdays as well as Sundays. Banks operate on the first and third Saturdays of each month but remain closed on the second and fourth Saturdays. Despite the closures, online banking services will remain operational, allowing customers to conduct transactions through bank websites, mobile apps, or ATMs for urgent requirements. However, customers are urged to plan visits to bank branches carefully, considering the non-working dates.
Union Budget 2024: During a pre-budget meeting with Finance Minister Nirmala Sitharaman on Monday, trade union leaders put forth several key demands, emphasising the constitution of the 8th Pay Commission, an increase in tax rebates for the salaried class, and the restoration of the Old Pension Scheme. The union representatives stressed the necessity of stopping the government's ongoing privatisation efforts of Public Sector Undertakings (PSUs). In addition, they also called for the scrapping of the New Pension Scheme, advocating instead for a return to the Old Pension Scheme.
The Reserve Bank of India (RBI) on Monday stated that India recorded a current account surplus of USD 5.7 billion, equivalent to 0.6 per cent of Gross Domestic Product (GDP), for the March quarter. This marks a significant improvement from the same period last year, when the current account deficit was USD 1.3 billion or 0.2 per cent of GDP. Additionally, in the preceding quarter ending December 2023, the deficit stood at USD 8.7 billion or 1 per cent of GDP.
After a bearish start on Monday, influenced by global market weaknesses and significant foreign fund outflows, the Indian equity benchmarks witnessed a strong rebound on Tuesday. The 30-share BSE Sensex gained back 541.25 points, rising to 77,882.33 points in early trade today. Similarly, the broader Nifty index also exhibited positive momentum, climbing 130.8 points to touch a record high of 23,668.65 points.      Top gainers and losers
CNG price hike: CNG price in the national capital and adjoining cities was hiked by Rs 1 per kg today (June 22) on the back of a reduction in domestic gas supplies. CNG price was hiked from Rs 74.09 to Rs 75.09 per kg, while in Noida, Greater Noida and Ghaziabad the rate went up from Rs 78.70 to Rs 79.70 per kg, according to information posted by IGL on its website.
Union Finance Minister Nirmala Sitharaman on Saturday (June 22) chaired the 53rd GST council meeting, and made several announcements ahead of the Budget. "There is going to be a rolling out of biometric-based Aadhaar authentication on an all-India basis. This will help us to combat fraudulent input tax credit claims made through fake invoices in the cases," she said.
GST council meeting: Union Finance Minister Nirmala Sitharaman today (June 22) said the intention of the central government has always been to bring petrol and diesel under Goods and Services Tax (GST), and it is now up to the states to come together and decide on the rate.
Canara Bank's official social media handle on X (formerly Twitter) has been hacked. The hacker changed the username of the handle to 'ether.fi'.  Currently, Canara Bank's official account (@canarabank) has 2.55 lakh followers. However, the bank has yet to take action in response.
Indian stock market indices BSE Sensex and Nifty50 opened lower on Monday, with Sensex falling 463.96 points to 76,745.94 and Nifty50 declining 149.6 points to 23,351.50. By 9:20 AM, Sensex was trading at 76,898.86, down 311 points or 0.40%, while Nifty50 was at 23,384.15, down 117 points or 0.50%. 
Quant Mutual Fund, a prominent player in India's financial landscape, is currently under investigation by the Securities and Exchange Board of India (Sebi) over allegations of engaging in front-running activities. Front-running is an illegal practice in the stock market where a trader executes orders on a security for their account while taking advantage of advanced, non-public information received from a broker or analyst before their clients. This practice undermines fair market principles by allowing the trader to benefit from information that is not yet available to the public.
Bank Holidays July 2024: The banks across the country will remain closed for 12 days in July this year due to regional holidays and weekend closures. The Reserve Bank of India (RBI) has issued the complete list of bank holidays for the year and as per the RBI's holiday list, banks across the country will be closed for a total of 12 days this month, including both the second and fourth Saturdays as well as Sundays. Banks operate on the first and third Saturdays of each month but remain closed on the second and fourth Saturdays. Despite the closures, online banking services will remain operational, allowing customers to conduct transactions through bank websites, mobile apps, or ATMs for urgent requirements. However, customers are urged to plan visits to bank branches carefully, considering the non-working dates.
Union Budget 2024: During a pre-budget meeting with Finance Minister Nirmala Sitharaman on Monday, trade union leaders put forth several key demands, emphasising the constitution of the 8th Pay Commission, an increase in tax rebates for the salaried class, and the restoration of the Old Pension Scheme. The union representatives stressed the necessity of stopping the government's ongoing privatisation efforts of Public Sector Undertakings (PSUs). In addition, they also called for the scrapping of the New Pension Scheme, advocating instead for a return to the Old Pension Scheme.
The Reserve Bank of India (RBI) on Monday stated that India recorded a current account surplus of USD 5.7 billion, equivalent to 0.6 per cent of Gross Domestic Product (GDP), for the March quarter. This marks a significant improvement from the same period last year, when the current account deficit was USD 1.3 billion or 0.2 per cent of GDP. Additionally, in the preceding quarter ending December 2023, the deficit stood at USD 8.7 billion or 1 per cent of GDP.
After a bearish start on Monday, influenced by global market weaknesses and significant foreign fund outflows, the Indian equity benchmarks witnessed a strong rebound on Tuesday. The 30-share BSE Sensex gained back 541.25 points, rising to 77,882.33 points in early trade today. Similarly, the broader Nifty index also exhibited positive momentum, climbing 130.8 points to touch a record high of 23,668.65 points.      Top gainers and losers
CNG price hike: CNG price in the national capital and adjoining cities was hiked by Rs 1 per kg today (June 22) on the back of a reduction in domestic gas supplies. CNG price was hiked from Rs 74.09 to Rs 75.09 per kg, while in Noida, Greater Noida and Ghaziabad the rate went up from Rs 78.70 to Rs 79.70 per kg, according to information posted by IGL on its website.
Union Finance Minister Nirmala Sitharaman on Saturday (June 22) chaired the 53rd GST council meeting, and made several announcements ahead of the Budget. "There is going to be a rolling out of biometric-based Aadhaar authentication on an all-India basis. This will help us to combat fraudulent input tax credit claims made through fake invoices in the cases," she said.
GST council meeting: Union Finance Minister Nirmala Sitharaman today (June 22) said the intention of the central government has always been to bring petrol and diesel under Goods and Services Tax (GST), and it is now up to the states to come together and decide on the rate.
Canara Bank's official social media handle on X (formerly Twitter) has been hacked. The hacker changed the username of the handle to 'ether.fi'.  Currently, Canara Bank's official account (@canarabank) has 2.55 lakh followers. However, the bank has yet to take action in response.
Indian stock market indices BSE Sensex and Nifty50 opened lower on Monday, with Sensex falling 463.96 points to 76,745.94 and Nifty50 declining 149.6 points to 23,351.50. By 9:20 AM, Sensex was trading at 76,898.86, down 311 points or 0.40%, while Nifty50 was at 23,384.15, down 117 points or 0.50%. 
Quant Mutual Fund, a prominent player in India's financial landscape, is currently under investigation by the Securities and Exchange Board of India (Sebi) over allegations of engaging in front-running activities. Front-running is an illegal practice in the stock market where a trader executes orders on a security for their account while taking advantage of advanced, non-public information received from a broker or analyst before their clients. This practice undermines fair market principles by allowing the trader to benefit from information that is not yet available to the public.
Bank Holidays July 2024: The banks across the country will remain closed for 12 days in July this year due to regional holidays and weekend closures. The Reserve Bank of India (RBI) has issued the complete list of bank holidays for the year and as per the RBI's holiday list, banks across the country will be closed for a total of 12 days this month, including both the second and fourth Saturdays as well as Sundays. Banks operate on the first and third Saturdays of each month but remain closed on the second and fourth Saturdays. Despite the closures, online banking services will remain operational, allowing customers to conduct transactions through bank websites, mobile apps, or ATMs for urgent requirements. However, customers are urged to plan visits to bank branches carefully, considering the non-working dates.
Union Budget 2024: During a pre-budget meeting with Finance Minister Nirmala Sitharaman on Monday, trade union leaders put forth several key demands, emphasising the constitution of the 8th Pay Commission, an increase in tax rebates for the salaried class, and the restoration of the Old Pension Scheme. The union representatives stressed the necessity of stopping the government's ongoing privatisation efforts of Public Sector Undertakings (PSUs). In addition, they also called for the scrapping of the New Pension Scheme, advocating instead for a return to the Old Pension Scheme.
The Reserve Bank of India (RBI) on Monday stated that India recorded a current account surplus of USD 5.7 billion, equivalent to 0.6 per cent of Gross Domestic Product (GDP), for the March quarter. This marks a significant improvement from the same period last year, when the current account deficit was USD 1.3 billion or 0.2 per cent of GDP. Additionally, in the preceding quarter ending December 2023, the deficit stood at USD 8.7 billion or 1 per cent of GDP.
After a bearish start on Monday, influenced by global market weaknesses and significant foreign fund outflows, the Indian equity benchmarks witnessed a strong rebound on Tuesday. The 30-share BSE Sensex gained back 541.25 points, rising to 77,882.33 points in early trade today. Similarly, the broader Nifty index also exhibited positive momentum, climbing 130.8 points to touch a record high of 23,668.65 points.      Top gainers and losers
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