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IndiaTV Business: Google News Feed: Digest for August 29, 2024

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According to data with the depositories, Foreign Portfolio Investors (FPIs) injected Rs 11,366 crore in the debt market this month (till August 24). The foreign investors infused Rs 11,366 crore in the Indian debt market so far in August, pushing the net inflow count in the debt segment to over the Rs 1-lakh-crore mark.
Stock market benchmark indices Sensex and Nifty surged in early trade on Monday morning following a rally in the US stock markets and foreign fund inflows. The BSE Sensex climbed 312.33 points to reach 81,398.54 in early trade while the NSE Nifty rallied 94.15 points to 24,917.30.
State-owned engineering firm Bharat Heavy Electricals Limited (BHEL) on Monday said that it has secured an order worth over Rs 11,000 crore from Adani Power and its arm for setting up three thermal power projects. On August 25, BHEL signed a contract with Adani Power and its subsidiary Mahan Energen Ltd for the supply of equipment including, boiler, turbine and generator, along with the supervision of the erection and commissioning processes for the three power projects, a BSE filing stated.
If you are an investor, you need to be careful about how and where you are inevsting as making errors in investment can negatively affect your goals for wealth accumulation. It will also impact your financial resources and the duration needed to achieve those finacial goals. The most significant measure to minimise your investment errors is to recognise the most prevalent ones.
In a significant trend observed in the Indian real estate market, housing prices in Bengaluru's Bagaluru have surged by an astounding 90 per cent since 2020, marking the highest price appreciation among the major cities, as per a report by real estate consultant Anarock. The report focused on price trends across the top three micro-markets within the seven major cities, taking into account areas that have seen the maximum new supply over the past five years. The data reveals that Bagaluru in Bengaluru witnessed the most significant price appreciation, with prices escalating by 90 per cent from the end of 2019 to June 2024.
The Indian stock markets opened on a positive note with the Sensex climbing 117.63 points, reaching 81,815.74 in early trade on Friday. Meanwhile, the Nifty index also saw an uptick, rising by 27.1 points to stand at 25,037.70.
Here comes a piece of good news for the train passengers. You will not have to wait for long time to book your train ticket. The Indian Railway Catering and Tourism Corporation (IRCTC) said it will soon ramp up the ticketing capacity to ensure that the train passengers who book tickets don't have to suffer in the waiting period.
With the announcement of the unified pension scheme by the Centre for the government employees, now the private sector employees are also expected to receive good news, as there is a proposal to raise the wage ceiling for the calculation of provident fund and pension contributions under the Employees' Provident Fund Organisation (EPFO).
Ahead of the upcoming festive season, several passenger and commercial vehicle manufacturers have agreed to provide discounts ranging from 1.5 to 3 per cent on new vehicle purchases when customers trade in their old, scrapped vehicles. This decision was taken following a meeting with Union Road Transport and Highways Minister Nitin Gadkari. According to an official statement released on Tuesday, Mercedes Benz India has committed to offering a flat discount of Rs 25,000 on new vehicle purchases, in addition to all existing discounts. The announcement came after Gadkari chaired a meeting with the Society of Indian Automobile Manufacturers (SIAM) delegation at Bharat Mandapam, where he discussed key challenges facing the automobile industry.
Amid the ongoing high interest rate environment in the country, investors are capitalising on the opportunity to earn increased returns through Fixed Deposits (FDs). Traditionally favoured for their safety and reliability, FDs have remained a popular investment choice, particularly among senior citizens who benefit from additional interest rates. Several banks are now offering competitive FD rates, with some institutions providing up to 50 basis points (bps) extra for senior citizens. In this context, small finance banks are standing out by offering some of the highest FD rates available. 
According to data with the depositories, Foreign Portfolio Investors (FPIs) injected Rs 11,366 crore in the debt market this month (till August 24). The foreign investors infused Rs 11,366 crore in the Indian debt market so far in August, pushing the net inflow count in the debt segment to over the Rs 1-lakh-crore mark.
Stock market benchmark indices Sensex and Nifty surged in early trade on Monday morning following a rally in the US stock markets and foreign fund inflows. The BSE Sensex climbed 312.33 points to reach 81,398.54 in early trade while the NSE Nifty rallied 94.15 points to 24,917.30.
State-owned engineering firm Bharat Heavy Electricals Limited (BHEL) on Monday said that it has secured an order worth over Rs 11,000 crore from Adani Power and its arm for setting up three thermal power projects. On August 25, BHEL signed a contract with Adani Power and its subsidiary Mahan Energen Ltd for the supply of equipment including, boiler, turbine and generator, along with the supervision of the erection and commissioning processes for the three power projects, a BSE filing stated.
If you are an investor, you need to be careful about how and where you are inevsting as making errors in investment can negatively affect your goals for wealth accumulation. It will also impact your financial resources and the duration needed to achieve those finacial goals. The most significant measure to minimise your investment errors is to recognise the most prevalent ones.
In a significant trend observed in the Indian real estate market, housing prices in Bengaluru's Bagaluru have surged by an astounding 90 per cent since 2020, marking the highest price appreciation among the major cities, as per a report by real estate consultant Anarock. The report focused on price trends across the top three micro-markets within the seven major cities, taking into account areas that have seen the maximum new supply over the past five years. The data reveals that Bagaluru in Bengaluru witnessed the most significant price appreciation, with prices escalating by 90 per cent from the end of 2019 to June 2024.
The Indian stock markets opened on a positive note with the Sensex climbing 117.63 points, reaching 81,815.74 in early trade on Friday. Meanwhile, the Nifty index also saw an uptick, rising by 27.1 points to stand at 25,037.70.
Here comes a piece of good news for the train passengers. You will not have to wait for long time to book your train ticket. The Indian Railway Catering and Tourism Corporation (IRCTC) said it will soon ramp up the ticketing capacity to ensure that the train passengers who book tickets don't have to suffer in the waiting period.
With the announcement of the unified pension scheme by the Centre for the government employees, now the private sector employees are also expected to receive good news, as there is a proposal to raise the wage ceiling for the calculation of provident fund and pension contributions under the Employees' Provident Fund Organisation (EPFO).
Ahead of the upcoming festive season, several passenger and commercial vehicle manufacturers have agreed to provide discounts ranging from 1.5 to 3 per cent on new vehicle purchases when customers trade in their old, scrapped vehicles. This decision was taken following a meeting with Union Road Transport and Highways Minister Nitin Gadkari. According to an official statement released on Tuesday, Mercedes Benz India has committed to offering a flat discount of Rs 25,000 on new vehicle purchases, in addition to all existing discounts. The announcement came after Gadkari chaired a meeting with the Society of Indian Automobile Manufacturers (SIAM) delegation at Bharat Mandapam, where he discussed key challenges facing the automobile industry.
Amid the ongoing high interest rate environment in the country, investors are capitalising on the opportunity to earn increased returns through Fixed Deposits (FDs). Traditionally favoured for their safety and reliability, FDs have remained a popular investment choice, particularly among senior citizens who benefit from additional interest rates. Several banks are now offering competitive FD rates, with some institutions providing up to 50 basis points (bps) extra for senior citizens. In this context, small finance banks are standing out by offering some of the highest FD rates available. 
If you are an investor, you need to be careful about how and where you are inevsting as making errors in investment can negatively affect your goals for wealth accumulation. It will also impact your financial resources and the duration needed to achieve those finacial goals. The most significant measure to minimise your investment errors is to recognise the most prevalent ones.
In a significant trend observed in the Indian real estate market, housing prices in Bengaluru's Bagaluru have surged by an astounding 90 per cent since 2020, marking the highest price appreciation among the major cities, as per a report by real estate consultant Anarock. The report focused on price trends across the top three micro-markets within the seven major cities, taking into account areas that have seen the maximum new supply over the past five years. The data reveals that Bagaluru in Bengaluru witnessed the most significant price appreciation, with prices escalating by 90 per cent from the end of 2019 to June 2024.
The Indian stock markets opened on a positive note with the Sensex climbing 117.63 points, reaching 81,815.74 in early trade on Friday. Meanwhile, the Nifty index also saw an uptick, rising by 27.1 points to stand at 25,037.70.
Here comes a piece of good news for the train passengers. You will not have to wait for long time to book your train ticket. The Indian Railway Catering and Tourism Corporation (IRCTC) said it will soon ramp up the ticketing capacity to ensure that the train passengers who book tickets don't have to suffer in the waiting period.
With the announcement of the unified pension scheme by the Centre for the government employees, now the private sector employees are also expected to receive good news, as there is a proposal to raise the wage ceiling for the calculation of provident fund and pension contributions under the Employees' Provident Fund Organisation (EPFO).
Ahead of the upcoming festive season, several passenger and commercial vehicle manufacturers have agreed to provide discounts ranging from 1.5 to 3 per cent on new vehicle purchases when customers trade in their old, scrapped vehicles. This decision was taken following a meeting with Union Road Transport and Highways Minister Nitin Gadkari. According to an official statement released on Tuesday, Mercedes Benz India has committed to offering a flat discount of Rs 25,000 on new vehicle purchases, in addition to all existing discounts. The announcement came after Gadkari chaired a meeting with the Society of Indian Automobile Manufacturers (SIAM) delegation at Bharat Mandapam, where he discussed key challenges facing the automobile industry.
Amid the ongoing high interest rate environment in the country, investors are capitalising on the opportunity to earn increased returns through Fixed Deposits (FDs). Traditionally favoured for their safety and reliability, FDs have remained a popular investment choice, particularly among senior citizens who benefit from additional interest rates. Several banks are now offering competitive FD rates, with some institutions providing up to 50 basis points (bps) extra for senior citizens. In this context, small finance banks are standing out by offering some of the highest FD rates available. 
The revolutionary Pradhan Mantri Jan Dhan Yojna (PMJDY) launched by Prime Minister Narendra Modi in 2014, completed 10 years today (August 28). Boasting being the largest financial inclusion initiative in the world, the Jan Dhan Yojna has introduced a huge number of masses to the banking system, who have been alien to it for nearly the past seven decades. 
The All India Bank Employees Association (AIBEA) has called for a nationwide strike today, potentially disrupting banking services across the country. The strike comes in response to the Bank of India's decision to issue charge sheets against thirteen union leaders.
A bi-weekly train for Goa and Maharashtra's Konkan region from Bandra Terminus station will run by the Western Railway (WR). The inaugural journey of the train will take place on August 29 from Borivali, a major station on WR, instead of Bandra Terminus, officials told news agency PTI. Currently, all Konkan and Goa-bound trains from Mumbai operate from Central Railway's stations.
Amid the ongoing high interest rate environment in the country, investors are capitalising on the opportunity to earn increased returns through Fixed Deposits (FDs). Traditionally favoured for their safety and reliability, FDs have remained a popular investment choice, particularly among senior citizens who benefit from additional interest rates. Several banks are now offering competitive FD rates, with some institutions providing up to 50 basis points (bps) extra for senior citizens. In this context, small finance banks are standing out by offering some of the highest FD rates available. 
The revolutionary Pradhan Mantri Jan Dhan Yojna (PMJDY) launched by Prime Minister Narendra Modi in 2014, completed 10 years today (August 28). Boasting being the largest financial inclusion initiative in the world, the Jan Dhan Yojna has introduced a huge number of masses to the banking system, who have been alien to it for nearly the past seven decades. 
The All India Bank Employees Association (AIBEA) has called for a nationwide strike today, potentially disrupting banking services across the country. The strike comes in response to the Bank of India's decision to issue charge sheets against thirteen union leaders.
A bi-weekly train for Goa and Maharashtra's Konkan region from Bandra Terminus station will run by the Western Railway (WR). The inaugural journey of the train will take place on August 29 from Borivali, a major station on WR, instead of Bandra Terminus, officials told news agency PTI. Currently, all Konkan and Goa-bound trains from Mumbai operate from Central Railway's stations.
To further enhance its WhatsApp banking services, the Punjab National Bank (PNB) has introduced two new features which allow customers to download their account statements and interest certificates directly through WhatsApp. With the latest features, now the PNB customers can perform more tasks related to banking activities directly through WhatsApp.
The Union Cabinet on Wednesday approved 12 new industrial cities in 10 states to boost domestic manufacturing with an estimated investment of Rs 28,602 crore. Spanning across 10 states and strategically planned along six major corridors, these projects represent a significant leap forward in India's quest to enhance its manufacturing capabilities and economic growth.
Zomato for Enterprise: The food delivery giant Zomato launched a new platform, Zomato for Enterprise (ZFE), designed to help companies manage their food expenses more efficiently, announced CEO Deepinder Goyal on Wednesday. The introduction of Zomato for Enterprise (ZFE) comes nearly a week after the company discontinued its 'Intercity Legends' service.
India's first Vande Bharat Express sleeper train is expected to begin service by December end as the first set from Bengaluru's Bharat Earth Movers Limited (BEML) will be dispatched on September 20. Taking to social media, Bengaluru Central MP PC Mohan made the confirmation and said, "India's first Vande Bharat sleeper train is set to be dispatched from Bengaluru's BEML plant by September 20 and is expected to be operational by December."
The Competition Commission of India (CCI) today (August 28) said it has approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country's largest media empire.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday announced that the Fintech sector has attracted approximately USD 6 billion in investments over the past two years. Speaking at the Global Fintech Fest 2024, Das emphasised the rapid growth and evolving significance of the Fintech industry in India's financial ecosystem. Das highlighted how the substantial inflow of capital signifies the sector's potential and its pivotal role in driving innovation within the country's financial services. He noted that these investments reflect growing confidence in India's Fintech sector, which has seen remarkable advancements in areas such as digital payments, lending, and financial inclusion.
Amid the ongoing high interest rate environment in the country, investors are capitalising on the opportunity to earn increased returns through Fixed Deposits (FDs). Traditionally favoured for their safety and reliability, FDs have remained a popular investment choice, particularly among senior citizens who benefit from additional interest rates. Several banks are now offering competitive FD rates, with some institutions providing up to 50 basis points (bps) extra for senior citizens. In this context, small finance banks are standing out by offering some of the highest FD rates available. 
The revolutionary Pradhan Mantri Jan Dhan Yojna (PMJDY) launched by Prime Minister Narendra Modi in 2014, completed 10 years today (August 28). Boasting being the largest financial inclusion initiative in the world, the Jan Dhan Yojna has introduced a huge number of masses to the banking system, who have been alien to it for nearly the past seven decades. 
The All India Bank Employees Association (AIBEA) has called for a nationwide strike today, potentially disrupting banking services across the country. The strike comes in response to the Bank of India's decision to issue charge sheets against thirteen union leaders.
A bi-weekly train for Goa and Maharashtra's Konkan region from Bandra Terminus station will run by the Western Railway (WR). The inaugural journey of the train will take place on August 29 from Borivali, a major station on WR, instead of Bandra Terminus, officials told news agency PTI. Currently, all Konkan and Goa-bound trains from Mumbai operate from Central Railway's stations.
To further enhance its WhatsApp banking services, the Punjab National Bank (PNB) has introduced two new features which allow customers to download their account statements and interest certificates directly through WhatsApp. With the latest features, now the PNB customers can perform more tasks related to banking activities directly through WhatsApp.
The Union Cabinet on Wednesday approved 12 new industrial cities in 10 states to boost domestic manufacturing with an estimated investment of Rs 28,602 crore. Spanning across 10 states and strategically planned along six major corridors, these projects represent a significant leap forward in India's quest to enhance its manufacturing capabilities and economic growth.
Zomato for Enterprise: The food delivery giant Zomato launched a new platform, Zomato for Enterprise (ZFE), designed to help companies manage their food expenses more efficiently, announced CEO Deepinder Goyal on Wednesday. The introduction of Zomato for Enterprise (ZFE) comes nearly a week after the company discontinued its 'Intercity Legends' service.
India's first Vande Bharat Express sleeper train is expected to begin service by December end as the first set from Bengaluru's Bharat Earth Movers Limited (BEML) will be dispatched on September 20. Taking to social media, Bengaluru Central MP PC Mohan made the confirmation and said, "India's first Vande Bharat sleeper train is set to be dispatched from Bengaluru's BEML plant by September 20 and is expected to be operational by December."
The Competition Commission of India (CCI) today (August 28) said it has approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country's largest media empire.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday announced that the Fintech sector has attracted approximately USD 6 billion in investments over the past two years. Speaking at the Global Fintech Fest 2024, Das emphasised the rapid growth and evolving significance of the Fintech industry in India's financial ecosystem. Das highlighted how the substantial inflow of capital signifies the sector's potential and its pivotal role in driving innovation within the country's financial services. He noted that these investments reflect growing confidence in India's Fintech sector, which has seen remarkable advancements in areas such as digital payments, lending, and financial inclusion.
Amid the ongoing high interest rate environment in the country, investors are capitalising on the opportunity to earn increased returns through Fixed Deposits (FDs). Traditionally favoured for their safety and reliability, FDs have remained a popular investment choice, particularly among senior citizens who benefit from additional interest rates. Several banks are now offering competitive FD rates, with some institutions providing up to 50 basis points (bps) extra for senior citizens. In this context, small finance banks are standing out by offering some of the highest FD rates available. 
The revolutionary Pradhan Mantri Jan Dhan Yojna (PMJDY) launched by Prime Minister Narendra Modi in 2014, completed 10 years today (August 28). Boasting being the largest financial inclusion initiative in the world, the Jan Dhan Yojna has introduced a huge number of masses to the banking system, who have been alien to it for nearly the past seven decades. 
The All India Bank Employees Association (AIBEA) has called for a nationwide strike today, potentially disrupting banking services across the country. The strike comes in response to the Bank of India's decision to issue charge sheets against thirteen union leaders.
A bi-weekly train for Goa and Maharashtra's Konkan region from Bandra Terminus station will run by the Western Railway (WR). The inaugural journey of the train will take place on August 29 from Borivali, a major station on WR, instead of Bandra Terminus, officials told news agency PTI. Currently, all Konkan and Goa-bound trains from Mumbai operate from Central Railway's stations.
To further enhance its WhatsApp banking services, the Punjab National Bank (PNB) has introduced two new features which allow customers to download their account statements and interest certificates directly through WhatsApp. With the latest features, now the PNB customers can perform more tasks related to banking activities directly through WhatsApp.
The Union Cabinet on Wednesday approved 12 new industrial cities in 10 states to boost domestic manufacturing with an estimated investment of Rs 28,602 crore. Spanning across 10 states and strategically planned along six major corridors, these projects represent a significant leap forward in India's quest to enhance its manufacturing capabilities and economic growth.
Zomato for Enterprise: The food delivery giant Zomato launched a new platform, Zomato for Enterprise (ZFE), designed to help companies manage their food expenses more efficiently, announced CEO Deepinder Goyal on Wednesday. The introduction of Zomato for Enterprise (ZFE) comes nearly a week after the company discontinued its 'Intercity Legends' service.
India's first Vande Bharat Express sleeper train is expected to begin service by December end as the first set from Bengaluru's Bharat Earth Movers Limited (BEML) will be dispatched on September 20. Taking to social media, Bengaluru Central MP PC Mohan made the confirmation and said, "India's first Vande Bharat sleeper train is set to be dispatched from Bengaluru's BEML plant by September 20 and is expected to be operational by December."
The Competition Commission of India (CCI) today (August 28) said it has approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country's largest media empire.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday announced that the Fintech sector has attracted approximately USD 6 billion in investments over the past two years. Speaking at the Global Fintech Fest 2024, Das emphasised the rapid growth and evolving significance of the Fintech industry in India's financial ecosystem. Das highlighted how the substantial inflow of capital signifies the sector's potential and its pivotal role in driving innovation within the country's financial services. He noted that these investments reflect growing confidence in India's Fintech sector, which has seen remarkable advancements in areas such as digital payments, lending, and financial inclusion.
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