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Business News Highlights: Sensex Settles In Red, Nifty below 22,250

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Business News Highlights: Sensex Settles In Red, Nifty below 22,250

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18:35 PM (IST)  •  23 Feb 2024

Jio Fin Services Mcap Reaches Over Rs 2.2 Lakh Crore

Jio Financial Services shares surged nearly 15 per cent on Friday, propelling its market valuation beyond the Rs 2.2 lakh crore threshold. By closing the trading session, Reliance Industries' market capitalisation stood at Rs 20,20,470.88 crore. 

On the NSE, shares of Jio Financial Services climbed by 10.62 per cent to settle at Rs 335 each, while on the BSE, they rose by 10.18 per cent, closing at Rs 333.90 each. 

17:42 PM (IST)  •  23 Feb 2024

RBI Asks NPCI To Help In Paytm App Operations

The Reserve Bank of India (RBI) announced on Friday that the National Payments Corporation of India (NPCI) has been directed to explore the potential of becoming a third-party application provider for sustaining UPI operations on the Paytm app. This initiative aims to guarantee seamless services for Paytm app users. 

17:25 PM (IST)  •  23 Feb 2024

Odisha CM Announces Hike In Self-employed Mechanics' Pay By 62.5%

Chief Minister Naveen Patnaik increased the remuneration of self-employed mechanics in Odisha by 62.5 per cent on Friday. According to an official release from the Chief Minister's Office (CMO), the remuneration for mechanics operating in gram panchayats has been raised from Rs 4,000 to Rs 6,500. This adjustment is anticipated to benefit approximately 13,000 individuals.

16:30 PM (IST)  •  23 Feb 2024

Sensex Ends Flat, Nifty Above 22,200

After an all-time high of 22,297 during early trading, the Nifty encountered downward pressure due to weakness in banking stocks, ultimately closing at 22,212 on Friday. The Sensex also ended the day flat at 73,142. Conversely, the broader indices, Nifty Midcap 100 and Nifty Smallcap 100, each posted gains of 0.3 per cent, surpassing the performance of the benchmarks.

15:33 PM (IST)  •  23 Feb 2024

RBI Allows Banks, Non Banks To Issue PPIs For Making Payments In Public Transport

The Reserve Bank of India (RBI) on Friday granted authorisation for bank and non-bank managed prepaid payment instruments to facilitate payments across different public transport systems. This directive is issued under Section 18, in conjunction with Section 10(2) of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007). The instructions will be implemented with immediate effect.

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