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IndiaTV Business: Google News Feed: Digest for October 10, 2022

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Government plans to auction 22 mineral blocks in next two months

Wednesday 05 October 2022 09:19 AM UTC+00
Mineral blocks auction: The government plans to auction 22 mineral blocks in Maharashtra, Uttar Pradesh and Goa in November and December.

Sensex climbs 513 points in early trade

Thursday 06 October 2022 05:29 AM UTC+00
Equity benchmark indices began the trade on a positive note on Thursday amid fresh foreign capital inflows and mixed trends in Asian markets.
Service Sector Tumbling: The Indian services sector activity fell to a six-month low in September, as new business inflows rose at the slowest rates since March, amid inflationary pressures and competitive conditions, a monthly survey said.
Multinationals are starting to see India as a global manufacturing base, which will positively impact small- and mid-sized businesses, Citigroup Global Co-Head of Banking, Capital Markets & Advisory, Manolo Falco said.
Invest Rajasthan 2022 Summit: Adani Group chairman Gautam Adani addressed Invest Rajasthan 2022 Summit, in Jaipur on Friday (October 7). 
The rupee depreciated 15 paise to close at an all-time low of 82.32 (provisional) against the US dollar on Friday as a firm American currency and risk-averse sentiment among investors weighed on the local unit.

RBI to soon launch e-rupee on pilot basis for limited use

Friday 07 October 2022 12:23 PM UTC+00
Digital money: The Reserve Bank on Friday said it will soon commence the pilot launch of the e-rupee for specific use cases as it tests digital currency in India.
The government on Friday invited bids for privatising IDBI Bank and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution. The Department of Investment and Public Asset Management (DIPAM), while inviting Expressions of Interest (EoI), said that the potential investor should have a minimum net worth of Rs 22,500 crore, must report a net profit in three out of the past five years to be eligible for bidding for IDBI Bank. Also, a maximum of four members would be allowed in a consortium.
CNG price: Indraprastha Gas Limited (IGL) on Saturday increased the price of Compressed Natural Gas (CNG) by Rs 3 per kg across Delhi NCR. The revised rates across the region will be in effect from today.

Hackers steal over $100 mn from top crypto exchange Binance

Saturday 08 October 2022 06:25 AM UTC+00
Hackers have stolen more than $100 million from the world's largest cryptocurrency exchange Binance. The development was confirmed by The Binance Blockchain, also known as BNB Chain. 

Government plans to auction 22 mineral blocks in next two months

Wednesday 05 October 2022 09:19 AM UTC+00
Mineral blocks auction: The government plans to auction 22 mineral blocks in Maharashtra, Uttar Pradesh and Goa in November and December.

Sensex climbs 513 points in early trade

Thursday 06 October 2022 05:29 AM UTC+00
Equity benchmark indices began the trade on a positive note on Thursday amid fresh foreign capital inflows and mixed trends in Asian markets.
Service Sector Tumbling: The Indian services sector activity fell to a six-month low in September, as new business inflows rose at the slowest rates since March, amid inflationary pressures and competitive conditions, a monthly survey said.
Multinationals are starting to see India as a global manufacturing base, which will positively impact small- and mid-sized businesses, Citigroup Global Co-Head of Banking, Capital Markets & Advisory, Manolo Falco said.
Invest Rajasthan 2022 Summit: Adani Group chairman Gautam Adani addressed Invest Rajasthan 2022 Summit, in Jaipur on Friday (October 7). 
The rupee depreciated 15 paise to close at an all-time low of 82.32 (provisional) against the US dollar on Friday as a firm American currency and risk-averse sentiment among investors weighed on the local unit.

RBI to soon launch e-rupee on pilot basis for limited use

Friday 07 October 2022 12:23 PM UTC+00
Digital money: The Reserve Bank on Friday said it will soon commence the pilot launch of the e-rupee for specific use cases as it tests digital currency in India.
The government on Friday invited bids for privatising IDBI Bank and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution. The Department of Investment and Public Asset Management (DIPAM), while inviting Expressions of Interest (EoI), said that the potential investor should have a minimum net worth of Rs 22,500 crore, must report a net profit in three out of the past five years to be eligible for bidding for IDBI Bank. Also, a maximum of four members would be allowed in a consortium.
CNG price: Indraprastha Gas Limited (IGL) on Saturday increased the price of Compressed Natural Gas (CNG) by Rs 3 per kg across Delhi NCR. The revised rates across the region will be in effect from today.

Hackers steal over $100 mn from top crypto exchange Binance

Saturday 08 October 2022 06:25 AM UTC+00
Hackers have stolen more than $100 million from the world's largest cryptocurrency exchange Binance. The development was confirmed by The Binance Blockchain, also known as BNB Chain. 

Government plans to auction 22 mineral blocks in next two months

Wednesday 05 October 2022 09:19 AM UTC+00
Mineral blocks auction: The government plans to auction 22 mineral blocks in Maharashtra, Uttar Pradesh and Goa in November and December.

Sensex climbs 513 points in early trade

Thursday 06 October 2022 05:29 AM UTC+00
Equity benchmark indices began the trade on a positive note on Thursday amid fresh foreign capital inflows and mixed trends in Asian markets.
Service Sector Tumbling: The Indian services sector activity fell to a six-month low in September, as new business inflows rose at the slowest rates since March, amid inflationary pressures and competitive conditions, a monthly survey said.
Multinationals are starting to see India as a global manufacturing base, which will positively impact small- and mid-sized businesses, Citigroup Global Co-Head of Banking, Capital Markets & Advisory, Manolo Falco said.
Invest Rajasthan 2022 Summit: Adani Group chairman Gautam Adani addressed Invest Rajasthan 2022 Summit, in Jaipur on Friday (October 7). 
The rupee depreciated 15 paise to close at an all-time low of 82.32 (provisional) against the US dollar on Friday as a firm American currency and risk-averse sentiment among investors weighed on the local unit.

RBI to soon launch e-rupee on pilot basis for limited use

Friday 07 October 2022 12:23 PM UTC+00
Digital money: The Reserve Bank on Friday said it will soon commence the pilot launch of the e-rupee for specific use cases as it tests digital currency in India.
The government on Friday invited bids for privatising IDBI Bank and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution. The Department of Investment and Public Asset Management (DIPAM), while inviting Expressions of Interest (EoI), said that the potential investor should have a minimum net worth of Rs 22,500 crore, must report a net profit in three out of the past five years to be eligible for bidding for IDBI Bank. Also, a maximum of four members would be allowed in a consortium.
CNG price: Indraprastha Gas Limited (IGL) on Saturday increased the price of Compressed Natural Gas (CNG) by Rs 3 per kg across Delhi NCR. The revised rates across the region will be in effect from today.

Hackers steal over $100 mn from top crypto exchange Binance

Saturday 08 October 2022 06:25 AM UTC+00
Hackers have stolen more than $100 million from the world's largest cryptocurrency exchange Binance. The development was confirmed by The Binance Blockchain, also known as BNB Chain. 

Government plans to auction 22 mineral blocks in next two months

Wednesday 05 October 2022 09:19 AM UTC+00
Mineral blocks auction: The government plans to auction 22 mineral blocks in Maharashtra, Uttar Pradesh and Goa in November and December.

Sensex climbs 513 points in early trade

Thursday 06 October 2022 05:29 AM UTC+00
Equity benchmark indices began the trade on a positive note on Thursday amid fresh foreign capital inflows and mixed trends in Asian markets.
Service Sector Tumbling: The Indian services sector activity fell to a six-month low in September, as new business inflows rose at the slowest rates since March, amid inflationary pressures and competitive conditions, a monthly survey said.
Multinationals are starting to see India as a global manufacturing base, which will positively impact small- and mid-sized businesses, Citigroup Global Co-Head of Banking, Capital Markets & Advisory, Manolo Falco said.
Invest Rajasthan 2022 Summit: Adani Group chairman Gautam Adani addressed Invest Rajasthan 2022 Summit, in Jaipur on Friday (October 7). 
The rupee depreciated 15 paise to close at an all-time low of 82.32 (provisional) against the US dollar on Friday as a firm American currency and risk-averse sentiment among investors weighed on the local unit.

RBI to soon launch e-rupee on pilot basis for limited use

Friday 07 October 2022 12:23 PM UTC+00
Digital money: The Reserve Bank on Friday said it will soon commence the pilot launch of the e-rupee for specific use cases as it tests digital currency in India.
The government on Friday invited bids for privatising IDBI Bank and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution. The Department of Investment and Public Asset Management (DIPAM), while inviting Expressions of Interest (EoI), said that the potential investor should have a minimum net worth of Rs 22,500 crore, must report a net profit in three out of the past five years to be eligible for bidding for IDBI Bank. Also, a maximum of four members would be allowed in a consortium.
CNG price: Indraprastha Gas Limited (IGL) on Saturday increased the price of Compressed Natural Gas (CNG) by Rs 3 per kg across Delhi NCR. The revised rates across the region will be in effect from today.

Hackers steal over $100 mn from top crypto exchange Binance

Saturday 08 October 2022 06:25 AM UTC+00
Hackers have stolen more than $100 million from the world's largest cryptocurrency exchange Binance. The development was confirmed by The Binance Blockchain, also known as BNB Chain. 

Sensex climbs 513 points in early trade

Thursday 06 October 2022 05:29 AM UTC+00
Equity benchmark indices began the trade on a positive note on Thursday amid fresh foreign capital inflows and mixed trends in Asian markets.
Service Sector Tumbling: The Indian services sector activity fell to a six-month low in September, as new business inflows rose at the slowest rates since March, amid inflationary pressures and competitive conditions, a monthly survey said.
Multinationals are starting to see India as a global manufacturing base, which will positively impact small- and mid-sized businesses, Citigroup Global Co-Head of Banking, Capital Markets & Advisory, Manolo Falco said.
Invest Rajasthan 2022 Summit: Adani Group chairman Gautam Adani addressed Invest Rajasthan 2022 Summit, in Jaipur on Friday (October 7). 
The rupee depreciated 15 paise to close at an all-time low of 82.32 (provisional) against the US dollar on Friday as a firm American currency and risk-averse sentiment among investors weighed on the local unit.

RBI to soon launch e-rupee on pilot basis for limited use

Friday 07 October 2022 12:23 PM UTC+00
Digital money: The Reserve Bank on Friday said it will soon commence the pilot launch of the e-rupee for specific use cases as it tests digital currency in India.
The government on Friday invited bids for privatising IDBI Bank and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution. The Department of Investment and Public Asset Management (DIPAM), while inviting Expressions of Interest (EoI), said that the potential investor should have a minimum net worth of Rs 22,500 crore, must report a net profit in three out of the past five years to be eligible for bidding for IDBI Bank. Also, a maximum of four members would be allowed in a consortium.
CNG price: Indraprastha Gas Limited (IGL) on Saturday increased the price of Compressed Natural Gas (CNG) by Rs 3 per kg across Delhi NCR. The revised rates across the region will be in effect from today.

Hackers steal over $100 mn from top crypto exchange Binance

Saturday 08 October 2022 06:25 AM UTC+00
Hackers have stolen more than $100 million from the world's largest cryptocurrency exchange Binance. The development was confirmed by The Binance Blockchain, also known as BNB Chain. 

Direct tax collection jumps 24 pc in first half of FY23

Sunday 09 October 2022 08:17 AM UTC+00
Gross collection of tax on corporate and individual earnings jumped nearly 24 per cent so far in the current fiscal year that started on April 1, the tax department said on Sunday.

Sensex climbs 513 points in early trade

Thursday 06 October 2022 05:29 AM UTC+00
Equity benchmark indices began the trade on a positive note on Thursday amid fresh foreign capital inflows and mixed trends in Asian markets.
Service Sector Tumbling: The Indian services sector activity fell to a six-month low in September, as new business inflows rose at the slowest rates since March, amid inflationary pressures and competitive conditions, a monthly survey said.
Multinationals are starting to see India as a global manufacturing base, which will positively impact small- and mid-sized businesses, Citigroup Global Co-Head of Banking, Capital Markets & Advisory, Manolo Falco said.
Invest Rajasthan 2022 Summit: Adani Group chairman Gautam Adani addressed Invest Rajasthan 2022 Summit, in Jaipur on Friday (October 7). 
The rupee depreciated 15 paise to close at an all-time low of 82.32 (provisional) against the US dollar on Friday as a firm American currency and risk-averse sentiment among investors weighed on the local unit.

RBI to soon launch e-rupee on pilot basis for limited use

Friday 07 October 2022 12:23 PM UTC+00
Digital money: The Reserve Bank on Friday said it will soon commence the pilot launch of the e-rupee for specific use cases as it tests digital currency in India.
The government on Friday invited bids for privatising IDBI Bank and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution. The Department of Investment and Public Asset Management (DIPAM), while inviting Expressions of Interest (EoI), said that the potential investor should have a minimum net worth of Rs 22,500 crore, must report a net profit in three out of the past five years to be eligible for bidding for IDBI Bank. Also, a maximum of four members would be allowed in a consortium.
CNG price: Indraprastha Gas Limited (IGL) on Saturday increased the price of Compressed Natural Gas (CNG) by Rs 3 per kg across Delhi NCR. The revised rates across the region will be in effect from today.

Hackers steal over $100 mn from top crypto exchange Binance

Saturday 08 October 2022 06:25 AM UTC+00
Hackers have stolen more than $100 million from the world's largest cryptocurrency exchange Binance. The development was confirmed by The Binance Blockchain, also known as BNB Chain. 

Direct tax collection jumps 24 pc in first half of FY23

Sunday 09 October 2022 08:17 AM UTC+00
Gross collection of tax on corporate and individual earnings jumped nearly 24 per cent so far in the current fiscal year that started on April 1, the tax department said on Sunday.
Service Sector Tumbling: The Indian services sector activity fell to a six-month low in September, as new business inflows rose at the slowest rates since March, amid inflationary pressures and competitive conditions, a monthly survey said.
Multinationals are starting to see India as a global manufacturing base, which will positively impact small- and mid-sized businesses, Citigroup Global Co-Head of Banking, Capital Markets & Advisory, Manolo Falco said.
Invest Rajasthan 2022 Summit: Adani Group chairman Gautam Adani addressed Invest Rajasthan 2022 Summit, in Jaipur on Friday (October 7). 
The rupee depreciated 15 paise to close at an all-time low of 82.32 (provisional) against the US dollar on Friday as a firm American currency and risk-averse sentiment among investors weighed on the local unit.

RBI to soon launch e-rupee on pilot basis for limited use

Friday 07 October 2022 12:23 PM UTC+00
Digital money: The Reserve Bank on Friday said it will soon commence the pilot launch of the e-rupee for specific use cases as it tests digital currency in India.
The government on Friday invited bids for privatising IDBI Bank and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution. The Department of Investment and Public Asset Management (DIPAM), while inviting Expressions of Interest (EoI), said that the potential investor should have a minimum net worth of Rs 22,500 crore, must report a net profit in three out of the past five years to be eligible for bidding for IDBI Bank. Also, a maximum of four members would be allowed in a consortium.
CNG price: Indraprastha Gas Limited (IGL) on Saturday increased the price of Compressed Natural Gas (CNG) by Rs 3 per kg across Delhi NCR. The revised rates across the region will be in effect from today.

Hackers steal over $100 mn from top crypto exchange Binance

Saturday 08 October 2022 06:25 AM UTC+00
Hackers have stolen more than $100 million from the world's largest cryptocurrency exchange Binance. The development was confirmed by The Binance Blockchain, also known as BNB Chain. 

Direct tax collection jumps 24 pc in first half of FY23

Sunday 09 October 2022 08:17 AM UTC+00
Gross collection of tax on corporate and individual earnings jumped nearly 24 per cent so far in the current fiscal year that started on April 1, the tax department said on Sunday.
FMCG firms Hindustan Unilever Ltd and Godrej Consumer Products Ltd (GCPL) have cut prices of some soap brands by up to 15 per cent amid palm oil and other raw materials turning relatively cheaper.
Multinationals are starting to see India as a global manufacturing base, which will positively impact small- and mid-sized businesses, Citigroup Global Co-Head of Banking, Capital Markets & Advisory, Manolo Falco said.
Invest Rajasthan 2022 Summit: Adani Group chairman Gautam Adani addressed Invest Rajasthan 2022 Summit, in Jaipur on Friday (October 7). 
The rupee depreciated 15 paise to close at an all-time low of 82.32 (provisional) against the US dollar on Friday as a firm American currency and risk-averse sentiment among investors weighed on the local unit.

RBI to soon launch e-rupee on pilot basis for limited use

Friday 07 October 2022 12:23 PM UTC+00
Digital money: The Reserve Bank on Friday said it will soon commence the pilot launch of the e-rupee for specific use cases as it tests digital currency in India.
The government on Friday invited bids for privatising IDBI Bank and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution. The Department of Investment and Public Asset Management (DIPAM), while inviting Expressions of Interest (EoI), said that the potential investor should have a minimum net worth of Rs 22,500 crore, must report a net profit in three out of the past five years to be eligible for bidding for IDBI Bank. Also, a maximum of four members would be allowed in a consortium.
CNG price: Indraprastha Gas Limited (IGL) on Saturday increased the price of Compressed Natural Gas (CNG) by Rs 3 per kg across Delhi NCR. The revised rates across the region will be in effect from today.

Hackers steal over $100 mn from top crypto exchange Binance

Saturday 08 October 2022 06:25 AM UTC+00
Hackers have stolen more than $100 million from the world's largest cryptocurrency exchange Binance. The development was confirmed by The Binance Blockchain, also known as BNB Chain. 

Direct tax collection jumps 24 pc in first half of FY23

Sunday 09 October 2022 08:17 AM UTC+00
Gross collection of tax on corporate and individual earnings jumped nearly 24 per cent so far in the current fiscal year that started on April 1, the tax department said on Sunday.
FMCG firms Hindustan Unilever Ltd and Godrej Consumer Products Ltd (GCPL) have cut prices of some soap brands by up to 15 per cent amid palm oil and other raw materials turning relatively cheaper.
Data localization and UK companies being allowed to bid for Indian government contracts are among the issues causing a possible deadlock in the final stages of the India-UK free trade agreement (FTA) negotiations towards a Diwali draft completion deadline, according to a UK media report on Sunday. 'The Daily Telegraph' quoted a source close to the talks to say that data localisation rules that prevent foreign companies from taking data out of India and allowing UK firms to bid for public sector contracts are two key "sticking points" to a comprehensive deal.
Multinationals are starting to see India as a global manufacturing base, which will positively impact small- and mid-sized businesses, Citigroup Global Co-Head of Banking, Capital Markets & Advisory, Manolo Falco said.
Invest Rajasthan 2022 Summit: Adani Group chairman Gautam Adani addressed Invest Rajasthan 2022 Summit, in Jaipur on Friday (October 7). 
The rupee depreciated 15 paise to close at an all-time low of 82.32 (provisional) against the US dollar on Friday as a firm American currency and risk-averse sentiment among investors weighed on the local unit.

RBI to soon launch e-rupee on pilot basis for limited use

Friday 07 October 2022 12:23 PM UTC+00
Digital money: The Reserve Bank on Friday said it will soon commence the pilot launch of the e-rupee for specific use cases as it tests digital currency in India.
The government on Friday invited bids for privatising IDBI Bank and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution. The Department of Investment and Public Asset Management (DIPAM), while inviting Expressions of Interest (EoI), said that the potential investor should have a minimum net worth of Rs 22,500 crore, must report a net profit in three out of the past five years to be eligible for bidding for IDBI Bank. Also, a maximum of four members would be allowed in a consortium.
CNG price: Indraprastha Gas Limited (IGL) on Saturday increased the price of Compressed Natural Gas (CNG) by Rs 3 per kg across Delhi NCR. The revised rates across the region will be in effect from today.

Hackers steal over $100 mn from top crypto exchange Binance

Saturday 08 October 2022 06:25 AM UTC+00
Hackers have stolen more than $100 million from the world's largest cryptocurrency exchange Binance. The development was confirmed by The Binance Blockchain, also known as BNB Chain. 

Direct tax collection jumps 24 pc in first half of FY23

Sunday 09 October 2022 08:17 AM UTC+00
Gross collection of tax on corporate and individual earnings jumped nearly 24 per cent so far in the current fiscal year that started on April 1, the tax department said on Sunday.
FMCG firms Hindustan Unilever Ltd and Godrej Consumer Products Ltd (GCPL) have cut prices of some soap brands by up to 15 per cent amid palm oil and other raw materials turning relatively cheaper.
Data localization and UK companies being allowed to bid for Indian government contracts are among the issues causing a possible deadlock in the final stages of the India-UK free trade agreement (FTA) negotiations towards a Diwali draft completion deadline, according to a UK media report on Sunday. 'The Daily Telegraph' quoted a source close to the talks to say that data localisation rules that prevent foreign companies from taking data out of India and allowing UK firms to bid for public sector contracts are two key "sticking points" to a comprehensive deal.
Multinationals are starting to see India as a global manufacturing base, which will positively impact small- and mid-sized businesses, Citigroup Global Co-Head of Banking, Capital Markets & Advisory, Manolo Falco said.
Invest Rajasthan 2022 Summit: Adani Group chairman Gautam Adani addressed Invest Rajasthan 2022 Summit, in Jaipur on Friday (October 7). 
The rupee depreciated 15 paise to close at an all-time low of 82.32 (provisional) against the US dollar on Friday as a firm American currency and risk-averse sentiment among investors weighed on the local unit.

RBI to soon launch e-rupee on pilot basis for limited use

Friday 07 October 2022 12:23 PM UTC+00
Digital money: The Reserve Bank on Friday said it will soon commence the pilot launch of the e-rupee for specific use cases as it tests digital currency in India.
The government on Friday invited bids for privatising IDBI Bank and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution. The Department of Investment and Public Asset Management (DIPAM), while inviting Expressions of Interest (EoI), said that the potential investor should have a minimum net worth of Rs 22,500 crore, must report a net profit in three out of the past five years to be eligible for bidding for IDBI Bank. Also, a maximum of four members would be allowed in a consortium.
CNG price: Indraprastha Gas Limited (IGL) on Saturday increased the price of Compressed Natural Gas (CNG) by Rs 3 per kg across Delhi NCR. The revised rates across the region will be in effect from today.

Hackers steal over $100 mn from top crypto exchange Binance

Saturday 08 October 2022 06:25 AM UTC+00
Hackers have stolen more than $100 million from the world's largest cryptocurrency exchange Binance. The development was confirmed by The Binance Blockchain, also known as BNB Chain. 

Direct tax collection jumps 24 pc in first half of FY23

Sunday 09 October 2022 08:17 AM UTC+00
Gross collection of tax on corporate and individual earnings jumped nearly 24 per cent so far in the current fiscal year that started on April 1, the tax department said on Sunday.
FMCG firms Hindustan Unilever Ltd and Godrej Consumer Products Ltd (GCPL) have cut prices of some soap brands by up to 15 per cent amid palm oil and other raw materials turning relatively cheaper.
Data localization and UK companies being allowed to bid for Indian government contracts are among the issues causing a possible deadlock in the final stages of the India-UK free trade agreement (FTA) negotiations towards a Diwali draft completion deadline, according to a UK media report on Sunday. 'The Daily Telegraph' quoted a source close to the talks to say that data localisation rules that prevent foreign companies from taking data out of India and allowing UK firms to bid for public sector contracts are two key "sticking points" to a comprehensive deal.
Multinationals are starting to see India as a global manufacturing base, which will positively impact small- and mid-sized businesses, Citigroup Global Co-Head of Banking, Capital Markets & Advisory, Manolo Falco said.
Invest Rajasthan 2022 Summit: Adani Group chairman Gautam Adani addressed Invest Rajasthan 2022 Summit, in Jaipur on Friday (October 7). 
The rupee depreciated 15 paise to close at an all-time low of 82.32 (provisional) against the US dollar on Friday as a firm American currency and risk-averse sentiment among investors weighed on the local unit.

RBI to soon launch e-rupee on pilot basis for limited use

Friday 07 October 2022 12:23 PM UTC+00
Digital money: The Reserve Bank on Friday said it will soon commence the pilot launch of the e-rupee for specific use cases as it tests digital currency in India.
The government on Friday invited bids for privatising IDBI Bank and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution. The Department of Investment and Public Asset Management (DIPAM), while inviting Expressions of Interest (EoI), said that the potential investor should have a minimum net worth of Rs 22,500 crore, must report a net profit in three out of the past five years to be eligible for bidding for IDBI Bank. Also, a maximum of four members would be allowed in a consortium.
CNG price: Indraprastha Gas Limited (IGL) on Saturday increased the price of Compressed Natural Gas (CNG) by Rs 3 per kg across Delhi NCR. The revised rates across the region will be in effect from today.

Hackers steal over $100 mn from top crypto exchange Binance

Saturday 08 October 2022 06:25 AM UTC+00
Hackers have stolen more than $100 million from the world's largest cryptocurrency exchange Binance. The development was confirmed by The Binance Blockchain, also known as BNB Chain. 

Direct tax collection jumps 24 pc in first half of FY23

Sunday 09 October 2022 08:17 AM UTC+00
Gross collection of tax on corporate and individual earnings jumped nearly 24 per cent so far in the current fiscal year that started on April 1, the tax department said on Sunday.
FMCG firms Hindustan Unilever Ltd and Godrej Consumer Products Ltd (GCPL) have cut prices of some soap brands by up to 15 per cent amid palm oil and other raw materials turning relatively cheaper.
Data localization and UK companies being allowed to bid for Indian government contracts are among the issues causing a possible deadlock in the final stages of the India-UK free trade agreement (FTA) negotiations towards a Diwali draft completion deadline, according to a UK media report on Sunday. 'The Daily Telegraph' quoted a source close to the talks to say that data localisation rules that prevent foreign companies from taking data out of India and allowing UK firms to bid for public sector contracts are two key "sticking points" to a comprehensive deal.
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