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IndiaTV Business: Google News Feed: Digest for November 01, 2022

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Dabur takes over Badshah Masala: Home-grown FMCG firm Dabur India on Wednesday said it will acquire 51 per cent stake in Badshah Masala in a Rs 587.52-crore deal, marking its entry in the fast-growing spices and seasoning category.
The Central Board of Direct Taxes (CBDT) has extended the due date for filing of income tax audit report for Assessment Year 2022-23 from 31st September 2022 to 7th November 2022 for companies. 
With the increased representation of women in business and the growing fem-tech and women's wellness sector, the start-up segment is finally sitting up and recognizing the potential of its female entrepreneurs. A key example of the same is the launch of 'herSTART' by President Droupadi Murmu. 'herSTART' is a start-up platform for women entrepreneurs created by Gujarat University, Ahmedabad. Committed to helping female entrepreneurs in their innovations, dreams and efforts, the start-up platform will provide women entrepreneurs with the necessary tools to excel in their fields and level the playfield.
Inflation Issue: RBI Monetary Policy Committee (MPC) member Shashanka Bhide on Friday batted for coordinated policy efforts to address the issue of the high inflation rate.
BYJUs news: Edtech major BYJU's is taking an unsecured loan of Rs 300 crore from its subsidiary Aakash Educational Services, which it acquired for more than $950 million, to bolster its "principal business activities".
Chip-maker Intel will begin to lay off workers soon as the company plans to drive nearly $3 billion in annual savings in the near term and $8 billion to $10 billion by the end of 2025, and these savings will majorly come from "people costs" from both operations and sales departments.
Hardening its stance on Bishal Group of companies, capital markets regulator Sebi said that it will auction as many as 10 properties of the accused company on November 30 to recover money that was illegally raised by the firms from the public.
Forex reserves India: India's foreign exchange reserves during the week that ended on October 21 fell to a new over two-year low of USD 524.520 billion, a drop of USD 3.85 billion from the previous week.
A pension after retirement gives great relief to elders. Empowered with a pension, one can enjoy the post-retirement life without any stress on the monetary front. So, if you are an employee of a private company and think only a government employee gets a pension then you are wrong. Employee's Provident Fund Organization (EPFO) made provision of pension for private organization's employees under EPS (Employees' Pension Scheme).
Sugar exports: The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market.
Dabur takes over Badshah Masala: Home-grown FMCG firm Dabur India on Wednesday said it will acquire 51 per cent stake in Badshah Masala in a Rs 587.52-crore deal, marking its entry in the fast-growing spices and seasoning category.
The Central Board of Direct Taxes (CBDT) has extended the due date for filing of income tax audit report for Assessment Year 2022-23 from 31st September 2022 to 7th November 2022 for companies. 
With the increased representation of women in business and the growing fem-tech and women's wellness sector, the start-up segment is finally sitting up and recognizing the potential of its female entrepreneurs. A key example of the same is the launch of 'herSTART' by President Droupadi Murmu. 'herSTART' is a start-up platform for women entrepreneurs created by Gujarat University, Ahmedabad. Committed to helping female entrepreneurs in their innovations, dreams and efforts, the start-up platform will provide women entrepreneurs with the necessary tools to excel in their fields and level the playfield.
Inflation Issue: RBI Monetary Policy Committee (MPC) member Shashanka Bhide on Friday batted for coordinated policy efforts to address the issue of the high inflation rate.
BYJUs news: Edtech major BYJU's is taking an unsecured loan of Rs 300 crore from its subsidiary Aakash Educational Services, which it acquired for more than $950 million, to bolster its "principal business activities".
Chip-maker Intel will begin to lay off workers soon as the company plans to drive nearly $3 billion in annual savings in the near term and $8 billion to $10 billion by the end of 2025, and these savings will majorly come from "people costs" from both operations and sales departments.
Hardening its stance on Bishal Group of companies, capital markets regulator Sebi said that it will auction as many as 10 properties of the accused company on November 30 to recover money that was illegally raised by the firms from the public.
Forex reserves India: India's foreign exchange reserves during the week that ended on October 21 fell to a new over two-year low of USD 524.520 billion, a drop of USD 3.85 billion from the previous week.
A pension after retirement gives great relief to elders. Empowered with a pension, one can enjoy the post-retirement life without any stress on the monetary front. So, if you are an employee of a private company and think only a government employee gets a pension then you are wrong. Employee's Provident Fund Organization (EPFO) made provision of pension for private organization's employees under EPS (Employees' Pension Scheme).
Sugar exports: The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market.
Dabur takes over Badshah Masala: Home-grown FMCG firm Dabur India on Wednesday said it will acquire 51 per cent stake in Badshah Masala in a Rs 587.52-crore deal, marking its entry in the fast-growing spices and seasoning category.
The Central Board of Direct Taxes (CBDT) has extended the due date for filing of income tax audit report for Assessment Year 2022-23 from 31st September 2022 to 7th November 2022 for companies. 
With the increased representation of women in business and the growing fem-tech and women's wellness sector, the start-up segment is finally sitting up and recognizing the potential of its female entrepreneurs. A key example of the same is the launch of 'herSTART' by President Droupadi Murmu. 'herSTART' is a start-up platform for women entrepreneurs created by Gujarat University, Ahmedabad. Committed to helping female entrepreneurs in their innovations, dreams and efforts, the start-up platform will provide women entrepreneurs with the necessary tools to excel in their fields and level the playfield.
Inflation Issue: RBI Monetary Policy Committee (MPC) member Shashanka Bhide on Friday batted for coordinated policy efforts to address the issue of the high inflation rate.
BYJUs news: Edtech major BYJU's is taking an unsecured loan of Rs 300 crore from its subsidiary Aakash Educational Services, which it acquired for more than $950 million, to bolster its "principal business activities".
Chip-maker Intel will begin to lay off workers soon as the company plans to drive nearly $3 billion in annual savings in the near term and $8 billion to $10 billion by the end of 2025, and these savings will majorly come from "people costs" from both operations and sales departments.
Hardening its stance on Bishal Group of companies, capital markets regulator Sebi said that it will auction as many as 10 properties of the accused company on November 30 to recover money that was illegally raised by the firms from the public.
Forex reserves India: India's foreign exchange reserves during the week that ended on October 21 fell to a new over two-year low of USD 524.520 billion, a drop of USD 3.85 billion from the previous week.
A pension after retirement gives great relief to elders. Empowered with a pension, one can enjoy the post-retirement life without any stress on the monetary front. So, if you are an employee of a private company and think only a government employee gets a pension then you are wrong. Employee's Provident Fund Organization (EPFO) made provision of pension for private organization's employees under EPS (Employees' Pension Scheme).
Sugar exports: The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market.
Dabur takes over Badshah Masala: Home-grown FMCG firm Dabur India on Wednesday said it will acquire 51 per cent stake in Badshah Masala in a Rs 587.52-crore deal, marking its entry in the fast-growing spices and seasoning category.
The Central Board of Direct Taxes (CBDT) has extended the due date for filing of income tax audit report for Assessment Year 2022-23 from 31st September 2022 to 7th November 2022 for companies. 
With the increased representation of women in business and the growing fem-tech and women's wellness sector, the start-up segment is finally sitting up and recognizing the potential of its female entrepreneurs. A key example of the same is the launch of 'herSTART' by President Droupadi Murmu. 'herSTART' is a start-up platform for women entrepreneurs created by Gujarat University, Ahmedabad. Committed to helping female entrepreneurs in their innovations, dreams and efforts, the start-up platform will provide women entrepreneurs with the necessary tools to excel in their fields and level the playfield.
Inflation Issue: RBI Monetary Policy Committee (MPC) member Shashanka Bhide on Friday batted for coordinated policy efforts to address the issue of the high inflation rate.
BYJUs news: Edtech major BYJU's is taking an unsecured loan of Rs 300 crore from its subsidiary Aakash Educational Services, which it acquired for more than $950 million, to bolster its "principal business activities".
Chip-maker Intel will begin to lay off workers soon as the company plans to drive nearly $3 billion in annual savings in the near term and $8 billion to $10 billion by the end of 2025, and these savings will majorly come from "people costs" from both operations and sales departments.
Hardening its stance on Bishal Group of companies, capital markets regulator Sebi said that it will auction as many as 10 properties of the accused company on November 30 to recover money that was illegally raised by the firms from the public.
Forex reserves India: India's foreign exchange reserves during the week that ended on October 21 fell to a new over two-year low of USD 524.520 billion, a drop of USD 3.85 billion from the previous week.
A pension after retirement gives great relief to elders. Empowered with a pension, one can enjoy the post-retirement life without any stress on the monetary front. So, if you are an employee of a private company and think only a government employee gets a pension then you are wrong. Employee's Provident Fund Organization (EPFO) made provision of pension for private organization's employees under EPS (Employees' Pension Scheme).
Sugar exports: The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market.
Dabur takes over Badshah Masala: Home-grown FMCG firm Dabur India on Wednesday said it will acquire 51 per cent stake in Badshah Masala in a Rs 587.52-crore deal, marking its entry in the fast-growing spices and seasoning category.
The Central Board of Direct Taxes (CBDT) has extended the due date for filing of income tax audit report for Assessment Year 2022-23 from 31st September 2022 to 7th November 2022 for companies. 
With the increased representation of women in business and the growing fem-tech and women's wellness sector, the start-up segment is finally sitting up and recognizing the potential of its female entrepreneurs. A key example of the same is the launch of 'herSTART' by President Droupadi Murmu. 'herSTART' is a start-up platform for women entrepreneurs created by Gujarat University, Ahmedabad. Committed to helping female entrepreneurs in their innovations, dreams and efforts, the start-up platform will provide women entrepreneurs with the necessary tools to excel in their fields and level the playfield.
Inflation Issue: RBI Monetary Policy Committee (MPC) member Shashanka Bhide on Friday batted for coordinated policy efforts to address the issue of the high inflation rate.
BYJUs news: Edtech major BYJU's is taking an unsecured loan of Rs 300 crore from its subsidiary Aakash Educational Services, which it acquired for more than $950 million, to bolster its "principal business activities".
Chip-maker Intel will begin to lay off workers soon as the company plans to drive nearly $3 billion in annual savings in the near term and $8 billion to $10 billion by the end of 2025, and these savings will majorly come from "people costs" from both operations and sales departments.
Hardening its stance on Bishal Group of companies, capital markets regulator Sebi said that it will auction as many as 10 properties of the accused company on November 30 to recover money that was illegally raised by the firms from the public.
Forex reserves India: India's foreign exchange reserves during the week that ended on October 21 fell to a new over two-year low of USD 524.520 billion, a drop of USD 3.85 billion from the previous week.
A pension after retirement gives great relief to elders. Empowered with a pension, one can enjoy the post-retirement life without any stress on the monetary front. So, if you are an employee of a private company and think only a government employee gets a pension then you are wrong. Employee's Provident Fund Organization (EPFO) made provision of pension for private organization's employees under EPS (Employees' Pension Scheme).
Sugar exports: The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market.
Inflation Issue: RBI Monetary Policy Committee (MPC) member Shashanka Bhide on Friday batted for coordinated policy efforts to address the issue of the high inflation rate.
BYJUs news: Edtech major BYJU's is taking an unsecured loan of Rs 300 crore from its subsidiary Aakash Educational Services, which it acquired for more than $950 million, to bolster its "principal business activities".
Chip-maker Intel will begin to lay off workers soon as the company plans to drive nearly $3 billion in annual savings in the near term and $8 billion to $10 billion by the end of 2025, and these savings will majorly come from "people costs" from both operations and sales departments.
Hardening its stance on Bishal Group of companies, capital markets regulator Sebi said that it will auction as many as 10 properties of the accused company on November 30 to recover money that was illegally raised by the firms from the public.
Forex reserves India: India's foreign exchange reserves during the week that ended on October 21 fell to a new over two-year low of USD 524.520 billion, a drop of USD 3.85 billion from the previous week.
A pension after retirement gives great relief to elders. Empowered with a pension, one can enjoy the post-retirement life without any stress on the monetary front. So, if you are an employee of a private company and think only a government employee gets a pension then you are wrong. Employee's Provident Fund Organization (EPFO) made provision of pension for private organization's employees under EPS (Employees' Pension Scheme).
Sugar exports: The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market.
Sensex and Nifty ended 1 per cent higher on Monday after logging the third day of gains in global market trends and fresh foreign fund inflows.
Inflation hit a new record in the 19 countries that use the euro currency, fuelled by out-of-control prices for natural gas and electricity due to Russia's war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans' ability to spend.

RBI to launch first pilot of Digital Rupee on Tuesday

Monday 31 October 2022 12:11 PM UTC+00
RBI Digital Rupee: The Reserve Bank of India (RBI) will launch first pilot of Central Bank Digital Currency -- Digital Rupee (Wholesale segment) on November 1, 2022 (Tuesday) for transactions in government securities, a statement said on Monday.
Chip-maker Intel will begin to lay off workers soon as the company plans to drive nearly $3 billion in annual savings in the near term and $8 billion to $10 billion by the end of 2025, and these savings will majorly come from "people costs" from both operations and sales departments.
Hardening its stance on Bishal Group of companies, capital markets regulator Sebi said that it will auction as many as 10 properties of the accused company on November 30 to recover money that was illegally raised by the firms from the public.
Forex reserves India: India's foreign exchange reserves during the week that ended on October 21 fell to a new over two-year low of USD 524.520 billion, a drop of USD 3.85 billion from the previous week.
A pension after retirement gives great relief to elders. Empowered with a pension, one can enjoy the post-retirement life without any stress on the monetary front. So, if you are an employee of a private company and think only a government employee gets a pension then you are wrong. Employee's Provident Fund Organization (EPFO) made provision of pension for private organization's employees under EPS (Employees' Pension Scheme).
Sugar exports: The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market.
Sensex and Nifty ended 1 per cent higher on Monday after logging the third day of gains in global market trends and fresh foreign fund inflows.
Inflation hit a new record in the 19 countries that use the euro currency, fuelled by out-of-control prices for natural gas and electricity due to Russia's war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans' ability to spend.

RBI to launch first pilot of Digital Rupee on Tuesday

Monday 31 October 2022 12:11 PM UTC+00
RBI Digital Rupee: The Reserve Bank of India (RBI) will launch first pilot of Central Bank Digital Currency -- Digital Rupee (Wholesale segment) on November 1, 2022 (Tuesday) for transactions in government securities, a statement said on Monday.

Sebi issues guidelines to standardise CRAs' rating scales

Monday 31 October 2022 01:22 PM UTC+00
Capital markets regulator Sebi on Monday came out with fresh guidelines in order to standardise the usage of rating scales used by Credit Rating Agencies (CRAs). Issuer rating or corporate credit rating indicates the degree of safety of the issuer or the rated entity with regard to the timely servicing of all its debt obligations.
The Reserve Bank on Monday said it has imposed penalties on various financial entities, including Rs 1.76 crore on Vakrangee, for violating various norms. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,76,00,000 on Vakrangee Ltd for non-compliance with certain provisions of the White Label ATM (WLA) directions, the central bank said in a release.
Chip-maker Intel will begin to lay off workers soon as the company plans to drive nearly $3 billion in annual savings in the near term and $8 billion to $10 billion by the end of 2025, and these savings will majorly come from "people costs" from both operations and sales departments.
Hardening its stance on Bishal Group of companies, capital markets regulator Sebi said that it will auction as many as 10 properties of the accused company on November 30 to recover money that was illegally raised by the firms from the public.
Forex reserves India: India's foreign exchange reserves during the week that ended on October 21 fell to a new over two-year low of USD 524.520 billion, a drop of USD 3.85 billion from the previous week.
A pension after retirement gives great relief to elders. Empowered with a pension, one can enjoy the post-retirement life without any stress on the monetary front. So, if you are an employee of a private company and think only a government employee gets a pension then you are wrong. Employee's Provident Fund Organization (EPFO) made provision of pension for private organization's employees under EPS (Employees' Pension Scheme).
Sugar exports: The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market.
Sensex and Nifty ended 1 per cent higher on Monday after logging the third day of gains in global market trends and fresh foreign fund inflows.
Inflation hit a new record in the 19 countries that use the euro currency, fuelled by out-of-control prices for natural gas and electricity due to Russia's war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans' ability to spend.

RBI to launch first pilot of Digital Rupee on Tuesday

Monday 31 October 2022 12:11 PM UTC+00
RBI Digital Rupee: The Reserve Bank of India (RBI) will launch first pilot of Central Bank Digital Currency -- Digital Rupee (Wholesale segment) on November 1, 2022 (Tuesday) for transactions in government securities, a statement said on Monday.

Sebi issues guidelines to standardise CRAs' rating scales

Monday 31 October 2022 01:22 PM UTC+00
Capital markets regulator Sebi on Monday came out with fresh guidelines in order to standardise the usage of rating scales used by Credit Rating Agencies (CRAs). Issuer rating or corporate credit rating indicates the degree of safety of the issuer or the rated entity with regard to the timely servicing of all its debt obligations.
The Reserve Bank on Monday said it has imposed penalties on various financial entities, including Rs 1.76 crore on Vakrangee, for violating various norms. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,76,00,000 on Vakrangee Ltd for non-compliance with certain provisions of the White Label ATM (WLA) directions, the central bank said in a release.
Chip-maker Intel will begin to lay off workers soon as the company plans to drive nearly $3 billion in annual savings in the near term and $8 billion to $10 billion by the end of 2025, and these savings will majorly come from "people costs" from both operations and sales departments.
Hardening its stance on Bishal Group of companies, capital markets regulator Sebi said that it will auction as many as 10 properties of the accused company on November 30 to recover money that was illegally raised by the firms from the public.
Forex reserves India: India's foreign exchange reserves during the week that ended on October 21 fell to a new over two-year low of USD 524.520 billion, a drop of USD 3.85 billion from the previous week.
A pension after retirement gives great relief to elders. Empowered with a pension, one can enjoy the post-retirement life without any stress on the monetary front. So, if you are an employee of a private company and think only a government employee gets a pension then you are wrong. Employee's Provident Fund Organization (EPFO) made provision of pension for private organization's employees under EPS (Employees' Pension Scheme).
Sugar exports: The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market.
Sensex and Nifty ended 1 per cent higher on Monday after logging the third day of gains in global market trends and fresh foreign fund inflows.
Inflation hit a new record in the 19 countries that use the euro currency, fuelled by out-of-control prices for natural gas and electricity due to Russia's war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans' ability to spend.

RBI to launch first pilot of Digital Rupee today

Monday 31 October 2022 12:11 PM UTC+00
RBI Digital Rupee: The Reserve Bank of India (RBI) will launch first pilot of Central Bank Digital Currency -- Digital Rupee (Wholesale segment) on November 1, 2022 (Tuesday) for transactions in government securities, a statement said on Monday.

Sebi issues guidelines to standardise CRAs' rating scales

Monday 31 October 2022 01:22 PM UTC+00
Capital markets regulator Sebi on Monday came out with fresh guidelines in order to standardise the usage of rating scales used by Credit Rating Agencies (CRAs). Issuer rating or corporate credit rating indicates the degree of safety of the issuer or the rated entity with regard to the timely servicing of all its debt obligations.
The Reserve Bank on Monday said it has imposed penalties on various financial entities, including Rs 1.76 crore on Vakrangee, for violating various norms. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,76,00,000 on Vakrangee Ltd for non-compliance with certain provisions of the White Label ATM (WLA) directions, the central bank said in a release.
Chip-maker Intel will begin to lay off workers soon as the company plans to drive nearly $3 billion in annual savings in the near term and $8 billion to $10 billion by the end of 2025, and these savings will majorly come from "people costs" from both operations and sales departments.
Hardening its stance on Bishal Group of companies, capital markets regulator Sebi said that it will auction as many as 10 properties of the accused company on November 30 to recover money that was illegally raised by the firms from the public.
Forex reserves India: India's foreign exchange reserves during the week that ended on October 21 fell to a new over two-year low of USD 524.520 billion, a drop of USD 3.85 billion from the previous week.
A pension after retirement gives great relief to elders. Empowered with a pension, one can enjoy the post-retirement life without any stress on the monetary front. So, if you are an employee of a private company and think only a government employee gets a pension then you are wrong. Employee's Provident Fund Organization (EPFO) made provision of pension for private organization's employees under EPS (Employees' Pension Scheme).
Sugar exports: The government has extended restrictions on sugar exports till October 31 next year, a move aimed at increasing availability of the commodity in the domestic market.
Sensex and Nifty ended 1 per cent higher on Monday after logging the third day of gains in global market trends and fresh foreign fund inflows.
Inflation hit a new record in the 19 countries that use the euro currency, fuelled by out-of-control prices for natural gas and electricity due to Russia's war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans' ability to spend.

RBI to launch first pilot of Digital Rupee today

Monday 31 October 2022 12:11 PM UTC+00
RBI Digital Rupee: The Reserve Bank of India (RBI) will launch first pilot of Central Bank Digital Currency -- Digital Rupee (Wholesale segment) on November 1, 2022 (Tuesday) for transactions in government securities, a statement said on Monday.

Sebi issues guidelines to standardise CRAs' rating scales

Monday 31 October 2022 01:22 PM UTC+00
Capital markets regulator Sebi on Monday came out with fresh guidelines in order to standardise the usage of rating scales used by Credit Rating Agencies (CRAs). Issuer rating or corporate credit rating indicates the degree of safety of the issuer or the rated entity with regard to the timely servicing of all its debt obligations.
The Reserve Bank on Monday said it has imposed penalties on various financial entities, including Rs 1.76 crore on Vakrangee, for violating various norms. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,76,00,000 on Vakrangee Ltd for non-compliance with certain provisions of the White Label ATM (WLA) directions, the central bank said in a release.
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