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IndiaTV Business: Google News Feed: Digest for August 14, 2024

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Closing market news: Indian equity indices closed in the green today (August 9) following positive sentiment in the markets. At closing, Sensex closed 819 points or 1.04 per cent higher at 79,705 and Nifty closed 250 points or 1.04 per cent higher at 24,367.
Here comes a piece of good news for bank customers who have fixed deposits in the Union Bank of India. The bank revised its interest rates on fixed deposits and said it is offering a special interest rate of 7.4% to regular citizens for term deposits with a 333-day tenure. The bank also said it has increased fixed deposit (FD) interest rates for FDs of up to Rs 3 crore.
The Bank of Baroda on Friday announced hike in lending rates by 5 basis points (bps) on 3-month, 6-month, and 1-year tenures, with effect from August 12, 2024. As peer the regulatory filing by the bank on August 9, the bank said it has reviewed/ changed marginal cost of funds based lending rate (MCLR) with effect from August 12, 2024. With the latest hike in the marginal cost of funds-based lending rates (MCLR), the loan EMIs will increase for borrowers.
Union Finance Minister Nirmala Sitharaman has called on banks to concentrate on their core business activities, emphasising the importance of innovative products to increase deposits. She highlighted the need for stricter deposit collection and lending practices while addressing a press conference following a post-budget meeting with the RBI.
Adani Group on Sunday reacted to the allegations made by short seller Hindenburg against capital markets regulator Sebi chairman Madhabi Puri Buch and her husband Dhaval Buch, calling it 'a red herring'. 
Fixed deposits: In the past two months, several public sector banks (PSUs) have adjusted their fixed deposit (FD) interest rates. In August, banks such as Union Bank, Bank of India, and Punjab National Bank updated their FD rates. Currently, Union Bank of India offers the highest interest rate of up to 7.40 per cent per annum on FDs with a tenure of 333 days. Additionally, senior citizens (aged 60 and above) receive an extra 0.50 per cent interest, while super senior citizens (above 80 years) are granted an additional 0.75 per cent on their FDs.

Stock Market: Sensex down by 254, trading at 79,451

Monday 12 August 2024 04:04 AM UTC+00
Indian equity markets faced a sharp decline in early trade on Monday as investor sentiment soured following allegations by the Hindenburg Research against SEBI Chairperson Madhabi Puri Buch and her husband. The report, released on Saturday, accused Buch and her husband of having undisclosed investments in obscure offshore funds, raising concerns about potential regulatory and market implications.
New Delhi: Retail inflation fell to 3.54 per cent in July, dipping below the Reserve Bank's 4 per cent target for the first time in nearly five years, government data showed on Monday. This decline was driven by a cooling in food prices.
Income Tax Refund: The deadline to file income tax returns is over and the taxpayers are now waiting for their refund after filing their ITR. The due date for filing Income Tax Returns was on July 31, 2024 and the taxpayers who have successfully filed their ITRs by the deadline can expect the refund to be deposited into their bank accounts shortly.
India's net direct tax collection surged by 22.48 per cent, reaching approximately Rs 6.93 lakh crore as of August 11 for the current fiscal year, according to government data released on Monday. This significant increase is said to be the reflection of robust economic activity and improved tax compliance. The overall tax collection includes Rs 4.47 lakh crore from personal income tax, showcasing the strong contribution of individual taxpayers to the exchequer. Meanwhile, the corporate tax collection also showed a healthy performance, contributing Rs 2.22 lakh crore to the total.
Here comes a piece of good news for bank customers who have fixed deposits in the Union Bank of India. The bank revised its interest rates on fixed deposits and said it is offering a special interest rate of 7.4% to regular citizens for term deposits with a 333-day tenure. The bank also said it has increased fixed deposit (FD) interest rates for FDs of up to Rs 3 crore.
The Bank of Baroda on Friday announced hike in lending rates by 5 basis points (bps) on 3-month, 6-month, and 1-year tenures, with effect from August 12, 2024. As peer the regulatory filing by the bank on August 9, the bank said it has reviewed/ changed marginal cost of funds based lending rate (MCLR) with effect from August 12, 2024. With the latest hike in the marginal cost of funds-based lending rates (MCLR), the loan EMIs will increase for borrowers.
Union Finance Minister Nirmala Sitharaman has called on banks to concentrate on their core business activities, emphasising the importance of innovative products to increase deposits. She highlighted the need for stricter deposit collection and lending practices while addressing a press conference following a post-budget meeting with the RBI.
Adani Group on Sunday reacted to the allegations made by short seller Hindenburg against capital markets regulator Sebi chairman Madhabi Puri Buch and her husband Dhaval Buch, calling it 'a red herring'. 
Fixed deposits: In the past two months, several public sector banks (PSUs) have adjusted their fixed deposit (FD) interest rates. In August, banks such as Union Bank, Bank of India, and Punjab National Bank updated their FD rates. Currently, Union Bank of India offers the highest interest rate of up to 7.40 per cent per annum on FDs with a tenure of 333 days. Additionally, senior citizens (aged 60 and above) receive an extra 0.50 per cent interest, while super senior citizens (above 80 years) are granted an additional 0.75 per cent on their FDs.

Stock Market: Sensex down by 254, trading at 79,451

Monday 12 August 2024 04:04 AM UTC+00
Indian equity markets faced a sharp decline in early trade on Monday as investor sentiment soured following allegations by the Hindenburg Research against SEBI Chairperson Madhabi Puri Buch and her husband. The report, released on Saturday, accused Buch and her husband of having undisclosed investments in obscure offshore funds, raising concerns about potential regulatory and market implications.
New Delhi: Retail inflation fell to 3.54 per cent in July, dipping below the Reserve Bank's 4 per cent target for the first time in nearly five years, government data showed on Monday. This decline was driven by a cooling in food prices.
Income Tax Refund: The deadline to file income tax returns is over and the taxpayers are now waiting for their refund after filing their ITR. The due date for filing Income Tax Returns was on July 31, 2024 and the taxpayers who have successfully filed their ITRs by the deadline can expect the refund to be deposited into their bank accounts shortly.
India's net direct tax collection surged by 22.48 per cent, reaching approximately Rs 6.93 lakh crore as of August 11 for the current fiscal year, according to government data released on Monday. This significant increase is said to be the reflection of robust economic activity and improved tax compliance. The overall tax collection includes Rs 4.47 lakh crore from personal income tax, showcasing the strong contribution of individual taxpayers to the exchequer. Meanwhile, the corporate tax collection also showed a healthy performance, contributing Rs 2.22 lakh crore to the total.
Indian stock markets started on a cautious note on Tuesday, with the Sensex falling by 100 points and the Nifty slipping below 24,350. Notably, HDFC Bank shares saw a 2% decline. The broader markets, however, showed resilience with gains in the MidCap and SmallCap indices. Additionally, several stocks are set for inclusion in the MSCI India Index following the August review.
The Bank of Baroda on Friday announced hike in lending rates by 5 basis points (bps) on 3-month, 6-month, and 1-year tenures, with effect from August 12, 2024. As peer the regulatory filing by the bank on August 9, the bank said it has reviewed/ changed marginal cost of funds based lending rate (MCLR) with effect from August 12, 2024. With the latest hike in the marginal cost of funds-based lending rates (MCLR), the loan EMIs will increase for borrowers.
Union Finance Minister Nirmala Sitharaman has called on banks to concentrate on their core business activities, emphasising the importance of innovative products to increase deposits. She highlighted the need for stricter deposit collection and lending practices while addressing a press conference following a post-budget meeting with the RBI.
Adani Group on Sunday reacted to the allegations made by short seller Hindenburg against capital markets regulator Sebi chairman Madhabi Puri Buch and her husband Dhaval Buch, calling it 'a red herring'. 
Fixed deposits: In the past two months, several public sector banks (PSUs) have adjusted their fixed deposit (FD) interest rates. In August, banks such as Union Bank, Bank of India, and Punjab National Bank updated their FD rates. Currently, Union Bank of India offers the highest interest rate of up to 7.40 per cent per annum on FDs with a tenure of 333 days. Additionally, senior citizens (aged 60 and above) receive an extra 0.50 per cent interest, while super senior citizens (above 80 years) are granted an additional 0.75 per cent on their FDs.

Stock Market: Sensex down by 254, trading at 79,451

Monday 12 August 2024 04:04 AM UTC+00
Indian equity markets faced a sharp decline in early trade on Monday as investor sentiment soured following allegations by the Hindenburg Research against SEBI Chairperson Madhabi Puri Buch and her husband. The report, released on Saturday, accused Buch and her husband of having undisclosed investments in obscure offshore funds, raising concerns about potential regulatory and market implications.
New Delhi: Retail inflation fell to 3.54 per cent in July, dipping below the Reserve Bank's 4 per cent target for the first time in nearly five years, government data showed on Monday. This decline was driven by a cooling in food prices.
Income Tax Refund: The deadline to file income tax returns is over and the taxpayers are now waiting for their refund after filing their ITR. The due date for filing Income Tax Returns was on July 31, 2024 and the taxpayers who have successfully filed their ITRs by the deadline can expect the refund to be deposited into their bank accounts shortly.
India's net direct tax collection surged by 22.48 per cent, reaching approximately Rs 6.93 lakh crore as of August 11 for the current fiscal year, according to government data released on Monday. This significant increase is said to be the reflection of robust economic activity and improved tax compliance. The overall tax collection includes Rs 4.47 lakh crore from personal income tax, showcasing the strong contribution of individual taxpayers to the exchequer. Meanwhile, the corporate tax collection also showed a healthy performance, contributing Rs 2.22 lakh crore to the total.
Indian stock markets started on a cautious note on Tuesday, with the Sensex falling by 100 points and the Nifty slipping below 24,350. Notably, HDFC Bank shares saw a 2% decline. The broader markets, however, showed resilience with gains in the MidCap and SmallCap indices. Additionally, several stocks are set for inclusion in the MSCI India Index following the August review.
Here comes a piece of good news for the metro commuters. The Indian Railway and National Capital Region Transport Corporation (NCRTC) joined hands to promote the 'One India - One Ticket' initiative to enhance the travel experience for passengers on main line railway and Namo Bharat trains. The Indian Railways in a statement said the collaboration will provide a seamless travel solution, making it easier for passengers to book and travel using both the Indian Railways and the RRTS services.
Adani Group on Sunday reacted to the allegations made by short seller Hindenburg against capital markets regulator Sebi chairman Madhabi Puri Buch and her husband Dhaval Buch, calling it 'a red herring'. 
Fixed deposits: In the past two months, several public sector banks (PSUs) have adjusted their fixed deposit (FD) interest rates. In August, banks such as Union Bank, Bank of India, and Punjab National Bank updated their FD rates. Currently, Union Bank of India offers the highest interest rate of up to 7.40 per cent per annum on FDs with a tenure of 333 days. Additionally, senior citizens (aged 60 and above) receive an extra 0.50 per cent interest, while super senior citizens (above 80 years) are granted an additional 0.75 per cent on their FDs.

Stock Market: Sensex down by 254, trading at 79,451

Monday 12 August 2024 04:04 AM UTC+00
Indian equity markets faced a sharp decline in early trade on Monday as investor sentiment soured following allegations by the Hindenburg Research against SEBI Chairperson Madhabi Puri Buch and her husband. The report, released on Saturday, accused Buch and her husband of having undisclosed investments in obscure offshore funds, raising concerns about potential regulatory and market implications.
New Delhi: Retail inflation fell to 3.54 per cent in July, dipping below the Reserve Bank's 4 per cent target for the first time in nearly five years, government data showed on Monday. This decline was driven by a cooling in food prices.
Income Tax Refund: The deadline to file income tax returns is over and the taxpayers are now waiting for their refund after filing their ITR. The due date for filing Income Tax Returns was on July 31, 2024 and the taxpayers who have successfully filed their ITRs by the deadline can expect the refund to be deposited into their bank accounts shortly.
India's net direct tax collection surged by 22.48 per cent, reaching approximately Rs 6.93 lakh crore as of August 11 for the current fiscal year, according to government data released on Monday. This significant increase is said to be the reflection of robust economic activity and improved tax compliance. The overall tax collection includes Rs 4.47 lakh crore from personal income tax, showcasing the strong contribution of individual taxpayers to the exchequer. Meanwhile, the corporate tax collection also showed a healthy performance, contributing Rs 2.22 lakh crore to the total.
Indian stock markets started on a cautious note on Tuesday, with the Sensex falling by 100 points and the Nifty slipping below 24,350. Notably, HDFC Bank shares saw a 2% decline. The broader markets, however, showed resilience with gains in the MidCap and SmallCap indices. Additionally, several stocks are set for inclusion in the MSCI India Index following the August review.
Here comes a piece of good news for the metro commuters. The Indian Railway and National Capital Region Transport Corporation (NCRTC) joined hands to promote the 'One India - One Ticket' initiative to enhance the travel experience for passengers on main line railway and Namo Bharat trains. The Indian Railways in a statement said the collaboration will provide a seamless travel solution, making it easier for passengers to book and travel using both the Indian Railways and the RRTS services.
Bangladesh's inflation in July touched a 12-year high at 11.66 per cent as the country undergoes massive political turmoil due to violent student protests over a controversial job quota system, according to the nation's bureau of statistics. The inflation was 9.72 per cent in June, The Dhaka Tribune newspaper reported.
PM Kisan Samman Nidhi Yojana: After the recent release of the 17th installment, now the beneficiary farmers are waiting for the next installment of PM Kisan Sammn Nidhi Yojana. Various media reports claimed that the 18th installment of the PM-Kisan scheme is likely to be released in November 2024.
Adani Group on Sunday reacted to the allegations made by short seller Hindenburg against capital markets regulator Sebi chairman Madhabi Puri Buch and her husband Dhaval Buch, calling it 'a red herring'. 
Fixed deposits: In the past two months, several public sector banks (PSUs) have adjusted their fixed deposit (FD) interest rates. In August, banks such as Union Bank, Bank of India, and Punjab National Bank updated their FD rates. Currently, Union Bank of India offers the highest interest rate of up to 7.40 per cent per annum on FDs with a tenure of 333 days. Additionally, senior citizens (aged 60 and above) receive an extra 0.50 per cent interest, while super senior citizens (above 80 years) are granted an additional 0.75 per cent on their FDs.

Stock Market: Sensex down by 254, trading at 79,451

Monday 12 August 2024 04:04 AM UTC+00
Indian equity markets faced a sharp decline in early trade on Monday as investor sentiment soured following allegations by the Hindenburg Research against SEBI Chairperson Madhabi Puri Buch and her husband. The report, released on Saturday, accused Buch and her husband of having undisclosed investments in obscure offshore funds, raising concerns about potential regulatory and market implications.
New Delhi: Retail inflation fell to 3.54 per cent in July, dipping below the Reserve Bank's 4 per cent target for the first time in nearly five years, government data showed on Monday. This decline was driven by a cooling in food prices.
Income Tax Refund: The deadline to file income tax returns is over and the taxpayers are now waiting for their refund after filing their ITR. The due date for filing Income Tax Returns was on July 31, 2024 and the taxpayers who have successfully filed their ITRs by the deadline can expect the refund to be deposited into their bank accounts shortly.
India's net direct tax collection surged by 22.48 per cent, reaching approximately Rs 6.93 lakh crore as of August 11 for the current fiscal year, according to government data released on Monday. This significant increase is said to be the reflection of robust economic activity and improved tax compliance. The overall tax collection includes Rs 4.47 lakh crore from personal income tax, showcasing the strong contribution of individual taxpayers to the exchequer. Meanwhile, the corporate tax collection also showed a healthy performance, contributing Rs 2.22 lakh crore to the total.
Indian stock markets started on a cautious note on Tuesday, with the Sensex falling by 100 points and the Nifty slipping below 24,350. Notably, HDFC Bank shares saw a 2% decline. The broader markets, however, showed resilience with gains in the MidCap and SmallCap indices. Additionally, several stocks are set for inclusion in the MSCI India Index following the August review.
Here comes a piece of good news for the metro commuters. The Indian Railway and National Capital Region Transport Corporation (NCRTC) joined hands to promote the 'One India - One Ticket' initiative to enhance the travel experience for passengers on main line railway and Namo Bharat trains. The Indian Railways in a statement said the collaboration will provide a seamless travel solution, making it easier for passengers to book and travel using both the Indian Railways and the RRTS services.
Bangladesh's inflation in July touched a 12-year high at 11.66 per cent as the country undergoes massive political turmoil due to violent student protests over a controversial job quota system, according to the nation's bureau of statistics. The inflation was 9.72 per cent in June, The Dhaka Tribune newspaper reported.
PM Kisan Samman Nidhi Yojana: After the recent release of the 17th installment, now the beneficiary farmers are waiting for the next installment of PM Kisan Sammn Nidhi Yojana. Various media reports claimed that the 18th installment of the PM-Kisan scheme is likely to be released in November 2024.
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