-->

Ad Unit (Iklan) BIG

Home  ›  Uncategorized

IndiaTV Business: Google News Feed: Digest for June 08, 2024

IndiaTV Business: Google News Feed

IndiaTV: Business RSS Feed

Table of Contents

Billionaire Gautam Adani's net worth approached $100 billion on Monday as Indian stock markets rallied. Shares in his companies surged up to 18% after exit polls predicted a third term for Prime Minister Narendra Modi. The National Stock Exchange's Nifty 50 index rose over 3.1%, and the Bombay Stock Exchange's Sensex index surged 3.3% on Monday. Adani Enterprises, the flagship firm of Adani's conglomerate, saw its share price rise nearly 6.9% to Rs 3,645 ($44).
A steep selloff in the Indian stock market on Tuesday, June 4, led to a massive loss for investors, wiping out approximately Rs 20 lakh crore within the first 20 minutes of trading. By 9:35 am, the market capitalisation (mcap) of BSE-listed companies had plummeted to nearly ₹406 lakh crore from the previous session's close of nearly Rs 426 lakh crore.
Benchmark equity indices Sensex and Nifty showed a strong rebound in early trade on Wednesday after significant losses in the previous session. Value-buying at lower levels led to this uptrend, signalling investor confidence returning to the markets. The 30-share BSE Sensex surged 948.83 points, reaching 73,027.88 in early trade. Similarly, the NSE Nifty climbed 247.1 points, hitting 22,131.60.
Moody's Ratings on Wednesday suggested that the slim majority won by the BJP-led National Democratic Alliance's (NDA) in Lok Sabha will likely delay far-reaching economic and fiscal reforms that could impede progress on fiscal consolidation.
Free Aadhaar update: If you want to update your Aadhaar for free, you only have a few days left. You can update details such as ID proof and address proof at no cost until the deadline. After the deadline, a fee will be required for updates. Therefore, if you need to update any information on your Aadhaar, take advantage of this free service. Aadhaar is a 12-digit unique identification number issued to Indian citizens based on biometric and demographic information.
Following their worst single-day decline in four years, the benchmark stock indices Sensex and Nifty surged over 3 percent each on Wednesday. This recovery was driven by significant value buying from investors, spurred by the initiation of talks on government formation among NDA alliance partners. The 30-share BSE Sensex jumped 2,303.19 points or 3.20 per cent to settle at 74,382.24 on value buying in banking, auto and oil shares. All Sensex shares closed in the green. During the day, it zoomed 2,455.77 points or 3.40 per cent to 74,534.82.
In a groundbreaking move, NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) announced on Wednesday their collaboration to introduce a real-time payments system in Peru, modeled after India's Unified Payment Interface (UPI). This partnership makes Peru the first country in South America to adopt UPI technology, symbolising India's pioneering role in digital payments.
The stock market opened on a robust note Thursday, buoyed by the NDA's unanimous backing of PM Narendra Modi for a third term. The Sensex jumped 696.46 points to 75,078.70, while the Nifty climbed 179.15 points to 22,799.50. Among Nifty companies, 29 advanced while 21 declined. Leading the gainers were NTPC, SBI, ONGC, Coal India, and Power Grid. Conversely, the top losers included Britannia, Hindustan Unilever, Cipla, Hindalco, and Nestle India.
Nisaba Godrej, executive chairperson of Godrej Consumer, has resigned as an independent director from the board of VIP Industries, citing differences over leadership accountability and succession planning. The resignation was effective June 3, 2024, and was disclosed in a stock exchange filing on Tuesday.
Reserve Bank of India (RBI) Governor Shaktikanta Das will announce the next set of monetary policies on Friday morning. Market experts anticipate that the RBI will maintain the current benchmark interest rate at 6.5%, which has been unchanged since February 2023, due to ongoing concerns about inflation. Despite inflation worries, the European Central Bank and Bank of Canada have started to reduce their key rates. However, the RBI's Monetary Policy Committee (MPC) is expected to hold the interest rates steady. Das is set to announce the decision at 10 AM after the MPC concludes its deliberations, which began on Wednesday.
A steep selloff in the Indian stock market on Tuesday, June 4, led to a massive loss for investors, wiping out approximately Rs 20 lakh crore within the first 20 minutes of trading. By 9:35 am, the market capitalisation (mcap) of BSE-listed companies had plummeted to nearly ₹406 lakh crore from the previous session's close of nearly Rs 426 lakh crore.
Benchmark equity indices Sensex and Nifty showed a strong rebound in early trade on Wednesday after significant losses in the previous session. Value-buying at lower levels led to this uptrend, signalling investor confidence returning to the markets. The 30-share BSE Sensex surged 948.83 points, reaching 73,027.88 in early trade. Similarly, the NSE Nifty climbed 247.1 points, hitting 22,131.60.
Moody's Ratings on Wednesday suggested that the slim majority won by the BJP-led National Democratic Alliance's (NDA) in Lok Sabha will likely delay far-reaching economic and fiscal reforms that could impede progress on fiscal consolidation.
Free Aadhaar update: If you want to update your Aadhaar for free, you only have a few days left. You can update details such as ID proof and address proof at no cost until the deadline. After the deadline, a fee will be required for updates. Therefore, if you need to update any information on your Aadhaar, take advantage of this free service. Aadhaar is a 12-digit unique identification number issued to Indian citizens based on biometric and demographic information.
Following their worst single-day decline in four years, the benchmark stock indices Sensex and Nifty surged over 3 percent each on Wednesday. This recovery was driven by significant value buying from investors, spurred by the initiation of talks on government formation among NDA alliance partners. The 30-share BSE Sensex jumped 2,303.19 points or 3.20 per cent to settle at 74,382.24 on value buying in banking, auto and oil shares. All Sensex shares closed in the green. During the day, it zoomed 2,455.77 points or 3.40 per cent to 74,534.82.
In a groundbreaking move, NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) announced on Wednesday their collaboration to introduce a real-time payments system in Peru, modeled after India's Unified Payment Interface (UPI). This partnership makes Peru the first country in South America to adopt UPI technology, symbolising India's pioneering role in digital payments.
The stock market opened on a robust note Thursday, buoyed by the NDA's unanimous backing of PM Narendra Modi for a third term. The Sensex jumped 696.46 points to 75,078.70, while the Nifty climbed 179.15 points to 22,799.50. Among Nifty companies, 29 advanced while 21 declined. Leading the gainers were NTPC, SBI, ONGC, Coal India, and Power Grid. Conversely, the top losers included Britannia, Hindustan Unilever, Cipla, Hindalco, and Nestle India.
Nisaba Godrej, executive chairperson of Godrej Consumer, has resigned as an independent director from the board of VIP Industries, citing differences over leadership accountability and succession planning. The resignation was effective June 3, 2024, and was disclosed in a stock exchange filing on Tuesday.
The Reserve Bank of India (RBI)'s Monetary Policy Committee (MPC) opted to maintain the policy rate, the repo rate, at 6.5% on Friday, marking the eighth consecutive meeting without a change. This decision implies that interest rates will remain steady, delaying prospects for cheaper loans and lower EMIs. RBI Governor Shaktikanta Das announced the decision, stating, "GDP growth that we are now projecting for the current financial year 2024-25 is 7.2% with Q1 at 7.3%, Q2 at 7.2%, Q3 at 7.3%, and Q4 at 7.2%. The risks are evenly balanced."
The Indian stock market saw positive momentum in early trade on Thursday, with key indices showing significant gains. The BSE Sensex surged 254.53 points, reaching 75,329.04. This rise reflects growing investor confidence and favourable market conditions. Indian benchmark indices saw a slight decline of up to 0.15% on Friday as investors awaited the Reserve Bank of India's Monetary Policy Committee's (MPC's) decision on interest rates. In broader markets, the BSE MidCap dropped by 0.16%, while the BSE SmallCap edged 0.34% higher.
Moody's Ratings on Wednesday suggested that the slim majority won by the BJP-led National Democratic Alliance's (NDA) in Lok Sabha will likely delay far-reaching economic and fiscal reforms that could impede progress on fiscal consolidation.
Free Aadhaar update: If you want to update your Aadhaar for free, you only have a few days left. You can update details such as ID proof and address proof at no cost until the deadline. After the deadline, a fee will be required for updates. Therefore, if you need to update any information on your Aadhaar, take advantage of this free service. Aadhaar is a 12-digit unique identification number issued to Indian citizens based on biometric and demographic information.
Following their worst single-day decline in four years, the benchmark stock indices Sensex and Nifty surged over 3 percent each on Wednesday. This recovery was driven by significant value buying from investors, spurred by the initiation of talks on government formation among NDA alliance partners. The 30-share BSE Sensex jumped 2,303.19 points or 3.20 per cent to settle at 74,382.24 on value buying in banking, auto and oil shares. All Sensex shares closed in the green. During the day, it zoomed 2,455.77 points or 3.40 per cent to 74,534.82.
In a groundbreaking move, NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) announced on Wednesday their collaboration to introduce a real-time payments system in Peru, modeled after India's Unified Payment Interface (UPI). This partnership makes Peru the first country in South America to adopt UPI technology, symbolising India's pioneering role in digital payments.
The stock market opened on a robust note Thursday, buoyed by the NDA's unanimous backing of PM Narendra Modi for a third term. The Sensex jumped 696.46 points to 75,078.70, while the Nifty climbed 179.15 points to 22,799.50. Among Nifty companies, 29 advanced while 21 declined. Leading the gainers were NTPC, SBI, ONGC, Coal India, and Power Grid. Conversely, the top losers included Britannia, Hindustan Unilever, Cipla, Hindalco, and Nestle India.
Nisaba Godrej, executive chairperson of Godrej Consumer, has resigned as an independent director from the board of VIP Industries, citing differences over leadership accountability and succession planning. The resignation was effective June 3, 2024, and was disclosed in a stock exchange filing on Tuesday.
The Reserve Bank of India (RBI)'s Monetary Policy Committee (MPC) opted to maintain the policy rate, the repo rate, at 6.5% on Friday, marking the eighth consecutive meeting without a change. This decision implies that interest rates will remain steady, delaying prospects for cheaper loans and lower EMIs. RBI Governor Shaktikanta Das announced the decision, stating, "GDP growth that we are now projecting for the current financial year 2024–25 is 7.2% with Q1 at 7.3%, Q2 at 7.2%, Q3 at 7.3%, and Q4 at 7.2%. The risks are evenly balanced."
The Indian stock market saw positive momentum in early trade on Thursday, with key indices showing significant gains. The BSE Sensex surged 254.53 points, reaching 75,329.04. This rise reflects growing investor confidence and favourable market conditions. Indian benchmark indices saw a slight decline of up to 0.15% on Friday as investors awaited the Reserve Bank of India's Monetary Policy Committee's (MPC's) decision on interest rates. In broader markets, the BSE MidCap dropped by 0.16%, while the BSE SmallCap edged 0.34% higher.

RBI proposes automatic replenishment for UPI Lite wallet

Friday 07 June 2024 09:30 AM UTC+00
The Reserve Bank of India (RBI) on Friday proposed a facility to allow customers to automatically replenish their UPI Lite wallets. This initiative aims to promote small-value digital payments by simplifying the process for users. Currently, the UPI Lite wallet has a daily limit of Rs 2,000, with an upper limit of Rs 500 for a single payment. UPI Lite acts as an on-device wallet designed for small-value transactions, making digital payments quick and seamless. At present, the UPI Lite app can hold a maximum of Rs 2,000 at any given time.
Stock markets: The Indian stock markets experienced a significant surge, with both the Sensex and Nifty indices climbing over 2 per cent, driven by optimism as the formation of a new government approached, according to market experts. The Sensex reached a historic peak, hitting an all-time high of 76,787 points. Meanwhile, the Nifty 50 came tantalizingly close to its record high, missing it by just 25 points as it traded at 23,338 points in the afternoon session.
Free Aadhaar update: If you want to update your Aadhaar for free, you only have a few days left. You can update details such as ID proof and address proof at no cost until the deadline. After the deadline, a fee will be required for updates. Therefore, if you need to update any information on your Aadhaar, take advantage of this free service. Aadhaar is a 12-digit unique identification number issued to Indian citizens based on biometric and demographic information.
Following their worst single-day decline in four years, the benchmark stock indices Sensex and Nifty surged over 3 percent each on Wednesday. This recovery was driven by significant value buying from investors, spurred by the initiation of talks on government formation among NDA alliance partners. The 30-share BSE Sensex jumped 2,303.19 points or 3.20 per cent to settle at 74,382.24 on value buying in banking, auto and oil shares. All Sensex shares closed in the green. During the day, it zoomed 2,455.77 points or 3.40 per cent to 74,534.82.
In a groundbreaking move, NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) announced on Wednesday their collaboration to introduce a real-time payments system in Peru, modeled after India's Unified Payment Interface (UPI). This partnership makes Peru the first country in South America to adopt UPI technology, symbolising India's pioneering role in digital payments.
The stock market opened on a robust note Thursday, buoyed by the NDA's unanimous backing of PM Narendra Modi for a third term. The Sensex jumped 696.46 points to 75,078.70, while the Nifty climbed 179.15 points to 22,799.50. Among Nifty companies, 29 advanced while 21 declined. Leading the gainers were NTPC, SBI, ONGC, Coal India, and Power Grid. Conversely, the top losers included Britannia, Hindustan Unilever, Cipla, Hindalco, and Nestle India.
Nisaba Godrej, executive chairperson of Godrej Consumer, has resigned as an independent director from the board of VIP Industries, citing differences over leadership accountability and succession planning. The resignation was effective June 3, 2024, and was disclosed in a stock exchange filing on Tuesday.
The Reserve Bank of India (RBI)'s Monetary Policy Committee (MPC) opted to maintain the policy rate, the repo rate, at 6.5% on Friday, marking the eighth consecutive meeting without a change. This decision implies that interest rates will remain steady, delaying prospects for cheaper loans and lower EMIs. RBI Governor Shaktikanta Das announced the decision, stating, "GDP growth that we are now projecting for the current financial year 2024–25 is 7.2% with Q1 at 7.3%, Q2 at 7.2%, Q3 at 7.3%, and Q4 at 7.2%. The risks are evenly balanced."
The Indian stock market saw positive momentum in early trade on Thursday, with key indices showing significant gains. The BSE Sensex surged 254.53 points, reaching 75,329.04. This rise reflects growing investor confidence and favourable market conditions. Indian benchmark indices saw a slight decline of up to 0.15% on Friday as investors awaited the Reserve Bank of India's Monetary Policy Committee's (MPC's) decision on interest rates. In broader markets, the BSE MidCap dropped by 0.16%, while the BSE SmallCap edged 0.34% higher.

RBI proposes automatic replenishment for UPI Lite wallet

Friday 07 June 2024 09:30 AM UTC+00
The Reserve Bank of India (RBI) on Friday proposed a facility to allow customers to automatically replenish their UPI Lite wallets. This initiative aims to promote small-value digital payments by simplifying the process for users. Currently, the UPI Lite wallet has a daily limit of Rs 2,000, with an upper limit of Rs 500 for a single payment. UPI Lite acts as an on-device wallet designed for small-value transactions, making digital payments quick and seamless. At present, the UPI Lite app can hold a maximum of Rs 2,000 at any given time.
Stock markets: The Indian stock markets experienced a significant surge, with both the Sensex and Nifty indices climbing over 2 per cent, driven by optimism as the formation of a new government approached, according to market experts. The Sensex reached a historic peak, hitting an all-time high of 76,787 points. Meanwhile, the Nifty 50 came tantalizingly close to its record high, missing it by just 25 points as it traded at 23,338 points in the afternoon session.
In a major achievement for the Adani Group, its solar photovoltaic (PV) arm Adani Solar has been recognised as a top performer in the 10th Edition of Kiwa PVEL's PV Module Reliability Scorecard on Friday. This is the seventh time that the group has been ranked as the top performer by Kiwa PVEL.
Free Aadhaar update: If you want to update your Aadhaar for free, you only have a few days left. You can update details such as ID proof and address proof at no cost until the deadline. After the deadline, a fee will be required for updates. Therefore, if you need to update any information on your Aadhaar, take advantage of this free service. Aadhaar is a 12-digit unique identification number issued to Indian citizens based on biometric and demographic information.
Following their worst single-day decline in four years, the benchmark stock indices Sensex and Nifty surged over 3 percent each on Wednesday. This recovery was driven by significant value buying from investors, spurred by the initiation of talks on government formation among NDA alliance partners. The 30-share BSE Sensex jumped 2,303.19 points or 3.20 per cent to settle at 74,382.24 on value buying in banking, auto and oil shares. All Sensex shares closed in the green. During the day, it zoomed 2,455.77 points or 3.40 per cent to 74,534.82.
In a groundbreaking move, NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) announced on Wednesday their collaboration to introduce a real-time payments system in Peru, modeled after India's Unified Payment Interface (UPI). This partnership makes Peru the first country in South America to adopt UPI technology, symbolising India's pioneering role in digital payments.
The stock market opened on a robust note Thursday, buoyed by the NDA's unanimous backing of PM Narendra Modi for a third term. The Sensex jumped 696.46 points to 75,078.70, while the Nifty climbed 179.15 points to 22,799.50. Among Nifty companies, 29 advanced while 21 declined. Leading the gainers were NTPC, SBI, ONGC, Coal India, and Power Grid. Conversely, the top losers included Britannia, Hindustan Unilever, Cipla, Hindalco, and Nestle India.
Nisaba Godrej, executive chairperson of Godrej Consumer, has resigned as an independent director from the board of VIP Industries, citing differences over leadership accountability and succession planning. The resignation was effective June 3, 2024, and was disclosed in a stock exchange filing on Tuesday.
The Reserve Bank of India (RBI)'s Monetary Policy Committee (MPC) opted to maintain the policy rate, the repo rate, at 6.5% on Friday, marking the eighth consecutive meeting without a change. This decision implies that interest rates will remain steady, delaying prospects for cheaper loans and lower EMIs. RBI Governor Shaktikanta Das announced the decision, stating, "GDP growth that we are now projecting for the current financial year 2024–25 is 7.2% with Q1 at 7.3%, Q2 at 7.2%, Q3 at 7.3%, and Q4 at 7.2%. The risks are evenly balanced."
The Indian stock market saw positive momentum in early trade on Thursday, with key indices showing significant gains. The BSE Sensex surged 254.53 points, reaching 75,329.04. This rise reflects growing investor confidence and favourable market conditions. Indian benchmark indices saw a slight decline of up to 0.15% on Friday as investors awaited the Reserve Bank of India's Monetary Policy Committee's (MPC's) decision on interest rates. In broader markets, the BSE MidCap dropped by 0.16%, while the BSE SmallCap edged 0.34% higher.

RBI proposes automatic replenishment for UPI Lite wallet

Friday 07 June 2024 09:30 AM UTC+00
The Reserve Bank of India (RBI) on Friday proposed a facility to allow customers to automatically replenish their UPI Lite wallets. This initiative aims to promote small-value digital payments by simplifying the process for users. Currently, the UPI Lite wallet has a daily limit of Rs 2,000, with an upper limit of Rs 500 for a single payment. UPI Lite acts as an on-device wallet designed for small-value transactions, making digital payments quick and seamless. At present, the UPI Lite app can hold a maximum of Rs 2,000 at any given time.
Stock markets: The Indian stock markets experienced a significant surge, with both the Sensex and Nifty indices climbing over 2 per cent, driven by optimism as the formation of a new government approached, according to market experts. The Sensex reached a historic peak, hitting an all-time high of 76,787 points. Meanwhile, the Nifty 50 came tantalizingly close to its record high, missing it by just 25 points as it traded at 23,338 points in the afternoon session.
In a major achievement for the Adani Group, its solar photovoltaic (PV) arm Adani Solar has been recognised as a top performer in the 10th Edition of Kiwa PVEL's PV Module Reliability Scorecard on Friday. This is the seventh time that the group has been ranked as the top performer by Kiwa PVEL.
Free Aadhaar update: If you want to update your Aadhaar for free, you only have a few days left. You can update details such as ID proof and address proof at no cost until the deadline. After the deadline, a fee will be required for updates. Therefore, if you need to update any information on your Aadhaar, take advantage of this free service. Aadhaar is a 12-digit unique identification number issued to Indian citizens based on biometric and demographic information.
Following their worst single-day decline in four years, the benchmark stock indices Sensex and Nifty surged over 3 percent each on Wednesday. This recovery was driven by significant value buying from investors, spurred by the initiation of talks on government formation among NDA alliance partners. The 30-share BSE Sensex jumped 2,303.19 points or 3.20 per cent to settle at 74,382.24 on value buying in banking, auto and oil shares. All Sensex shares closed in the green. During the day, it zoomed 2,455.77 points or 3.40 per cent to 74,534.82.
In a groundbreaking move, NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) announced on Wednesday their collaboration to introduce a real-time payments system in Peru, modeled after India's Unified Payment Interface (UPI). This partnership makes Peru the first country in South America to adopt UPI technology, symbolising India's pioneering role in digital payments.
The stock market opened on a robust note Thursday, buoyed by the NDA's unanimous backing of PM Narendra Modi for a third term. The Sensex jumped 696.46 points to 75,078.70, while the Nifty climbed 179.15 points to 22,799.50. Among Nifty companies, 29 advanced while 21 declined. Leading the gainers were NTPC, SBI, ONGC, Coal India, and Power Grid. Conversely, the top losers included Britannia, Hindustan Unilever, Cipla, Hindalco, and Nestle India.
Nisaba Godrej, executive chairperson of Godrej Consumer, has resigned as an independent director from the board of VIP Industries, citing differences over leadership accountability and succession planning. The resignation was effective June 3, 2024, and was disclosed in a stock exchange filing on Tuesday.
The Reserve Bank of India (RBI)'s Monetary Policy Committee (MPC) opted to maintain the policy rate, the repo rate, at 6.5% on Friday, marking the eighth consecutive meeting without a change. This decision implies that interest rates will remain steady, delaying prospects for cheaper loans and lower EMIs. RBI Governor Shaktikanta Das announced the decision, stating, "GDP growth that we are now projecting for the current financial year 2024–25 is 7.2% with Q1 at 7.3%, Q2 at 7.2%, Q3 at 7.3%, and Q4 at 7.2%. The risks are evenly balanced."
The Indian stock market saw positive momentum in early trade on Thursday, with key indices showing significant gains. The BSE Sensex surged 254.53 points, reaching 75,329.04. This rise reflects growing investor confidence and favourable market conditions. Indian benchmark indices saw a slight decline of up to 0.15% on Friday as investors awaited the Reserve Bank of India's Monetary Policy Committee's (MPC's) decision on interest rates. In broader markets, the BSE MidCap dropped by 0.16%, while the BSE SmallCap edged 0.34% higher.

RBI proposes automatic replenishment for UPI Lite wallet

Friday 07 June 2024 09:30 AM UTC+00
The Reserve Bank of India (RBI) on Friday proposed a facility to allow customers to automatically replenish their UPI Lite wallets. This initiative aims to promote small-value digital payments by simplifying the process for users. Currently, the UPI Lite wallet has a daily limit of Rs 2,000, with an upper limit of Rs 500 for a single payment. UPI Lite acts as an on-device wallet designed for small-value transactions, making digital payments quick and seamless. At present, the UPI Lite app can hold a maximum of Rs 2,000 at any given time.
Stock markets: The Indian stock markets experienced a significant surge, with both the Sensex and Nifty indices climbing over 2 per cent, driven by optimism as the formation of a new government approached, according to market experts. The Sensex reached a historic peak, hitting an all-time high of 76,787 points. Meanwhile, the Nifty 50 came tantalizingly close to its record high, missing it by just 25 points as it traded at 23,338 points in the afternoon session.
In a major achievement for the Adani Group, its solar photovoltaic (PV) arm Adani Solar has been recognised as a top performer in the 10th Edition of Kiwa PVEL's PV Module Reliability Scorecard on Friday. This is the seventh time that the group has been ranked as the top performer by Kiwa PVEL.
You received this email because you set up a subscription at Feedrabbit. This email was sent to you at epaperindia10@gmail.com. Unsubscribe or change your subscription.

Related Posts

There is no other posts in this category.
Subscribe Our Newsletter