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IndiaTV Business: Google News Feed: Digest for August 30, 2024

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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.
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.
Shares of InterGlobe Aviation, the parent company of IndiGo, dropped nearly 3 per cent on Thursday during the trading session in the wake of the heavy trading volumes amid the reported block deal by the co-founder and promoter entities Rakesh Gangwal and Chinkerpoo Family Trust.
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.
Shares of InterGlobe Aviation, the parent company of IndiGo, dropped nearly 3 per cent on Thursday during the trading session in the wake of the heavy trading volumes amid the reported block deal by the co-founder and promoter entities Rakesh Gangwal and Chinkerpoo Family Trust.
Reliance AGM 2024: Reliance Industries Chairman Mukesh Ambani on Thursday addressed the shareholders at the RIL AGM 2024 and said Reliance is truly blessed to make humble but crucial contribution to India. He added that the all businesses continue to be key drivers of Indian economy. Mukesh Ambani said that the Reliance will be holding a board of directors meeting on September 5 to consider issuing bonus shares in the ratio of 1:1.
Reliance AGM 2024: Reliance chairman Ambani on Thursday made a big announcement and said the Reliance will be building Gigawatt-scale, AI-ready data centres in Gujarat's Jamnagar. While addressing the gathering of 3.5 million shareholders, he said, "We are laying the groundwork for a truly national AI infrastructure. We plan to establish gigawatt-scale AI-ready data centres in Jamnagar, powered entirely by Reliance's green energy, reflecting our commitment to sustainability and a greener future."
Isha Ambani, Director of Reliance Retail Ventures Limited (RRVL), on Monday addressed the Reliance AGM 2024 and announced that the company will foray into luxury jewellery business soon.
Bank Holidays September 2024: Banks in India will be closed for a total of 15 days in September 2024, including all Sundays and the second and fourth Saturdays along with the public holiday. Bank customers should note that the list of holidays varies by state, as different regions celebrate their own festivals. This September, banks will remain shut on occasions such as Ganesh Chaturthi, Sree Narayana Guru Samadhi Day, Maharaja Hari Singh Ji's birthday, and Pang-Lhabsol, among others listed by the Reserve Bank of India (RBI).
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.
Shares of InterGlobe Aviation, the parent company of IndiGo, dropped nearly 3 per cent on Thursday during the trading session in the wake of the heavy trading volumes amid the reported block deal by the co-founder and promoter entities Rakesh Gangwal and Chinkerpoo Family Trust.
Reliance AGM 2024: Reliance Industries Chairman Mukesh Ambani on Thursday addressed the shareholders at the RIL AGM 2024 and said Reliance is truly blessed to make humble but crucial contribution to India. He added that the all businesses continue to be key drivers of Indian economy. Mukesh Ambani said that the Reliance will be holding a board of directors meeting on September 5 to consider issuing bonus shares in the ratio of 1:1.
Reliance AGM 2024: Reliance chairman Ambani on Thursday made a big announcement and said the Reliance will be building Gigawatt-scale, AI-ready data centres in Gujarat's Jamnagar. While addressing the gathering of 3.5 million shareholders, he said, "We are laying the groundwork for a truly national AI infrastructure. We plan to establish gigawatt-scale AI-ready data centres in Jamnagar, powered entirely by Reliance's green energy, reflecting our commitment to sustainability and a greener future."
Isha Ambani, Director of Reliance Retail Ventures Limited (RRVL), on Monday addressed the Reliance AGM 2024 and announced that the company will foray into luxury jewellery business soon.
Bank Holidays September 2024: Banks in India will be closed for a total of 15 days in September 2024, including all Sundays and the second and fourth Saturdays along with the public holiday. Bank customers should note that the list of holidays varies by state, as different regions celebrate their own festivals. This September, banks will remain shut on occasions such as Ganesh Chaturthi, Sree Narayana Guru Samadhi Day, Maharaja Hari Singh Ji's birthday, and Pang-Lhabsol, among others listed by the Reserve Bank of India (RBI).
Hurun India Rich List 2024: The 2024 Hurun India Rich List showcases the remarkable achievements of India's young entrepreneurs, who are driving innovation and disrupting various industries. India's dollar billionaire count has reached 334, rising by 29 percent on year, as per the Hurun India Richlist released today (August 29),  with a new billionaire being added every five days last year.
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.
Shares of InterGlobe Aviation, the parent company of IndiGo, dropped nearly 3 per cent on Thursday during the trading session in the wake of the heavy trading volumes amid the reported block deal by the co-founder and promoter entities Rakesh Gangwal and Chinkerpoo Family Trust.
Reliance AGM 2024: Reliance Industries Chairman Mukesh Ambani on Thursday addressed the shareholders at the RIL AGM 2024 and said Reliance is truly blessed to make humble but crucial contribution to India. He added that the all businesses continue to be key drivers of Indian economy. Mukesh Ambani said that the Reliance will be holding a board of directors meeting on September 5 to consider issuing bonus shares in the ratio of 1:1.
Reliance AGM 2024: Reliance chairman Ambani on Thursday made a big announcement and said the Reliance will be building Gigawatt-scale, AI-ready data centres in Gujarat's Jamnagar. While addressing the gathering of 3.5 million shareholders, he said, "We are laying the groundwork for a truly national AI infrastructure. We plan to establish gigawatt-scale AI-ready data centres in Jamnagar, powered entirely by Reliance's green energy, reflecting our commitment to sustainability and a greener future."
Isha Ambani, Director of Reliance Retail Ventures Limited (RRVL), on Monday addressed the Reliance AGM 2024 and announced that the company will foray into luxury jewellery business soon.
Bank Holidays September 2024: Banks in India will be closed for a total of 15 days in September 2024, including all Sundays and the second and fourth Saturdays along with the public holiday. Bank customers should note that the list of holidays varies by state, as different regions celebrate their own festivals. This September, banks will remain shut on occasions such as Ganesh Chaturthi, Sree Narayana Guru Samadhi Day, Maharaja Hari Singh Ji's birthday, and Pang-Lhabsol, among others listed by the Reserve Bank of India (RBI).
Hurun India Rich List 2024: The 2024 Hurun India Rich List showcases the remarkable achievements of India's young entrepreneurs, who are driving innovation and disrupting various industries. India's dollar billionaire count has reached 334, rising by 29 percent on year, as per the Hurun India Richlist released today (August 29),  with a new billionaire being added every five days last year.
SpiceJet financial crisis: Crisis-hit budget carrier SpiceJet on Thursday announced that it will be placing 150 cabin crew members on furlough for a period of three months. This move has been taken in response to the current low travel season and reduced fleet size, keeping in mind the long-term sustainability of the organisation.
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.
Shares of InterGlobe Aviation, the parent company of IndiGo, dropped nearly 3 per cent on Thursday during the trading session in the wake of the heavy trading volumes amid the reported block deal by the co-founder and promoter entities Rakesh Gangwal and Chinkerpoo Family Trust.
Reliance AGM 2024: Reliance Industries Chairman Mukesh Ambani on Thursday addressed the shareholders at the RIL AGM 2024 and said Reliance is truly blessed to make humble but crucial contribution to India. He added that the all businesses continue to be key drivers of Indian economy. Mukesh Ambani said that the Reliance will be holding a board of directors meeting on September 5 to consider issuing bonus shares in the ratio of 1:1.
Reliance AGM 2024: Reliance chairman Ambani on Thursday made a big announcement and said the Reliance will be building Gigawatt-scale, AI-ready data centres in Gujarat's Jamnagar. While addressing the gathering of 3.5 million shareholders, he said, "We are laying the groundwork for a truly national AI infrastructure. We plan to establish gigawatt-scale AI-ready data centres in Jamnagar, powered entirely by Reliance's green energy, reflecting our commitment to sustainability and a greener future."
Isha Ambani, Director of Reliance Retail Ventures Limited (RRVL), on Monday addressed the Reliance AGM 2024 and announced that the company will foray into luxury jewellery business soon.
Bank Holidays September 2024: Banks in India will be closed for a total of 15 days in September 2024, including all Sundays and the second and fourth Saturdays along with the public holiday. Bank customers should note that the list of holidays varies by state, as different regions celebrate their own festivals. This September, banks will remain shut on occasions such as Ganesh Chaturthi, Sree Narayana Guru Samadhi Day, Maharaja Hari Singh Ji's birthday, and Pang-Lhabsol, among others listed by the Reserve Bank of India (RBI).
Hurun India Rich List 2024: The 2024 Hurun India Rich List showcases the remarkable achievements of India's young entrepreneurs, who are driving innovation and disrupting various industries. India's dollar billionaire count has reached 334, rising by 29 percent on year, as per the Hurun India Richlist released today (August 29),  with a new billionaire being added every five days last year.
SpiceJet financial crisis: Crisis-hit budget carrier SpiceJet on Thursday announced that it will be placing 150 cabin crew members on furlough for a period of three months. This move has been taken in response to the current low travel season and reduced fleet size, keeping in mind the long-term sustainability of the organisation.
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