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IndiaTV Business: Google News Feed: Digest for December 14, 2022

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Noida: Incidents of a fire breaking out have been increasing continuously and the fire department has been taking steps to prevent this.
Union Budget 2023-24: Top economists batted for an increment in social security pension and maternity benefits ahead of the Union Budget 2023-24. 51 eminent economists wrote to Finance Minister Nirmala Sitharaman and demanded an increase in social security pensions and an adequate provision for maternity benefits.
The World Bank on Tuesday revised upwards its GDP growth forecast for India to 6.9 per cent for 2022-23, saying the economy was showing higher resilience to global shocks. In October, it had cut India's GDP growth forecast to 6.5 per cent from 7.5 per cent earlier. Now, it has upgraded the projection to 6.9 per cent for 2022-23 (April 2022 -March 2023).
The Reserve Bank of India (RBI) on Wednesday raised the benchmark lending rate by 35 basis points to 6.25 per cent in a bid to tame inflation, which has remained above its tolerance level for the past 11 months.
On Wednesday, the RBI took a major decision to hike the key repo rate by 35 basis points. This will lead to a slight rise in the EMIs for home, auto and other loans. In today's meeting, RBI slowed the pace of the increase in borrowing costs. This may result in rates nearing the peak. RBI once again concerned about the battle against inflation that is discomforting for 10 straight months. The rise in repo rate is the fifth straight increase since May. 
The Government on Friday sought Parliament's nod for net additional spending of over Rs 3.25 lakh crore in the current fiscal, which includes over Rs 1.09 lakh crore towards fertiliser subsidy payout.
The Minister of State for Communications Devusinh Chauhan on Friday informed Parliament that the fifth-generation or 5G telecom services have started in 50 towns distributed over 14 states/union territories as of November 26. 
Communications Ltd, the operator of India's largest digital payments provider Paytm, cannot use proceeds of its mega initial public offering (IPO) for the proposed repurchase of its own shares, as rules prohibit such a move, sources said, adding the firm will use its strong liquidity for the purpose.
McDonalds news: Quick service restaurant McDonald's India (North and East) on Monday said it will hire around 5,000 people as it looks to double its outlets to cross 300 restaurants in the region over the next three year, its top official said on Monday.
Retail inflation declined to an 11-month low of 5.88 per cent in November 2022 as against 6.77 per cent in October 2022, mainly due to softening prices of food items, official data showed on Monday.
Noida: Incidents of a fire breaking out have been increasing continuously and the fire department has been taking steps to prevent this.
Union Budget 2023-24: Top economists batted for an increment in social security pension and maternity benefits ahead of the Union Budget 2023-24. 51 eminent economists wrote to Finance Minister Nirmala Sitharaman and demanded an increase in social security pensions and an adequate provision for maternity benefits.
The World Bank on Tuesday revised upwards its GDP growth forecast for India to 6.9 per cent for 2022-23, saying the economy was showing higher resilience to global shocks. In October, it had cut India's GDP growth forecast to 6.5 per cent from 7.5 per cent earlier. Now, it has upgraded the projection to 6.9 per cent for 2022-23 (April 2022 -March 2023).
The Reserve Bank of India (RBI) on Wednesday raised the benchmark lending rate by 35 basis points to 6.25 per cent in a bid to tame inflation, which has remained above its tolerance level for the past 11 months.
On Wednesday, the RBI took a major decision to hike the key repo rate by 35 basis points. This will lead to a slight rise in the EMIs for home, auto and other loans. In today's meeting, RBI slowed the pace of the increase in borrowing costs. This may result in rates nearing the peak. RBI once again concerned about the battle against inflation that is discomforting for 10 straight months. The rise in repo rate is the fifth straight increase since May. 
The Government on Friday sought Parliament's nod for net additional spending of over Rs 3.25 lakh crore in the current fiscal, which includes over Rs 1.09 lakh crore towards fertiliser subsidy payout.
The Minister of State for Communications Devusinh Chauhan on Friday informed Parliament that the fifth-generation or 5G telecom services have started in 50 towns distributed over 14 states/union territories as of November 26. 
Communications Ltd, the operator of India's largest digital payments provider Paytm, cannot use proceeds of its mega initial public offering (IPO) for the proposed repurchase of its own shares, as rules prohibit such a move, sources said, adding the firm will use its strong liquidity for the purpose.
McDonalds news: Quick service restaurant McDonald's India (North and East) on Monday said it will hire around 5,000 people as it looks to double its outlets to cross 300 restaurants in the region over the next three year, its top official said on Monday.
Retail inflation declined to an 11-month low of 5.88 per cent in November 2022 as against 6.77 per cent in October 2022, mainly due to softening prices of food items, official data showed on Monday.
Union Budget 2023-24: Top economists batted for an increment in social security pension and maternity benefits ahead of the Union Budget 2023-24. 51 eminent economists wrote to Finance Minister Nirmala Sitharaman and demanded an increase in social security pensions and an adequate provision for maternity benefits.
The World Bank on Tuesday revised upwards its GDP growth forecast for India to 6.9 per cent for 2022-23, saying the economy was showing higher resilience to global shocks. In October, it had cut India's GDP growth forecast to 6.5 per cent from 7.5 per cent earlier. Now, it has upgraded the projection to 6.9 per cent for 2022-23 (April 2022 -March 2023).
The Reserve Bank of India (RBI) on Wednesday raised the benchmark lending rate by 35 basis points to 6.25 per cent in a bid to tame inflation, which has remained above its tolerance level for the past 11 months.
On Wednesday, the RBI took a major decision to hike the key repo rate by 35 basis points. This will lead to a slight rise in the EMIs for home, auto and other loans. In today's meeting, RBI slowed the pace of the increase in borrowing costs. This may result in rates nearing the peak. RBI once again concerned about the battle against inflation that is discomforting for 10 straight months. The rise in repo rate is the fifth straight increase since May. 
The Government on Friday sought Parliament's nod for net additional spending of over Rs 3.25 lakh crore in the current fiscal, which includes over Rs 1.09 lakh crore towards fertiliser subsidy payout.
The Minister of State for Communications Devusinh Chauhan on Friday informed Parliament that the fifth-generation or 5G telecom services have started in 50 towns distributed over 14 states/union territories as of November 26. 
Communications Ltd, the operator of India's largest digital payments provider Paytm, cannot use proceeds of its mega initial public offering (IPO) for the proposed repurchase of its own shares, as rules prohibit such a move, sources said, adding the firm will use its strong liquidity for the purpose.
McDonalds news: Quick service restaurant McDonald's India (North and East) on Monday said it will hire around 5,000 people as it looks to double its outlets to cross 300 restaurants in the region over the next three year, its top official said on Monday.
Retail inflation declined to an 11-month low of 5.88 per cent in November 2022 as against 6.77 per cent in October 2022, mainly due to softening prices of food items, official data showed on Monday.
UP Global Investors Summit 2023: The Uttar Pradesh government, under the able leadership of Chief Minister Yogi Adityanath, is leaving no stone unturned to propel the state on to track of all round development. As Uttar Pradesh gears to host the Global Investors Summit 2023, some huge investment intent memorandum of understanding (MoUs) have already been inked.
Union Budget 2023-24: Top economists batted for an increment in social security pension and maternity benefits ahead of the Union Budget 2023-24. 51 eminent economists wrote to Finance Minister Nirmala Sitharaman and demanded an increase in social security pensions and an adequate provision for maternity benefits.
The World Bank on Tuesday revised upwards its GDP growth forecast for India to 6.9 per cent for 2022-23, saying the economy was showing higher resilience to global shocks. In October, it had cut India's GDP growth forecast to 6.5 per cent from 7.5 per cent earlier. Now, it has upgraded the projection to 6.9 per cent for 2022-23 (April 2022 -March 2023).
The Reserve Bank of India (RBI) on Wednesday raised the benchmark lending rate by 35 basis points to 6.25 per cent in a bid to tame inflation, which has remained above its tolerance level for the past 11 months.
On Wednesday, the RBI took a major decision to hike the key repo rate by 35 basis points. This will lead to a slight rise in the EMIs for home, auto and other loans. In today's meeting, RBI slowed the pace of the increase in borrowing costs. This may result in rates nearing the peak. RBI once again concerned about the battle against inflation that is discomforting for 10 straight months. The rise in repo rate is the fifth straight increase since May. 
The Government on Friday sought Parliament's nod for net additional spending of over Rs 3.25 lakh crore in the current fiscal, which includes over Rs 1.09 lakh crore towards fertiliser subsidy payout.
The Minister of State for Communications Devusinh Chauhan on Friday informed Parliament that the fifth-generation or 5G telecom services have started in 50 towns distributed over 14 states/union territories as of November 26. 
Communications Ltd, the operator of India's largest digital payments provider Paytm, cannot use proceeds of its mega initial public offering (IPO) for the proposed repurchase of its own shares, as rules prohibit such a move, sources said, adding the firm will use its strong liquidity for the purpose.
McDonalds news: Quick service restaurant McDonald's India (North and East) on Monday said it will hire around 5,000 people as it looks to double its outlets to cross 300 restaurants in the region over the next three year, its top official said on Monday.
Retail inflation declined to an 11-month low of 5.88 per cent in November 2022 as against 6.77 per cent in October 2022, mainly due to softening prices of food items, official data showed on Monday.
UP Global Investors Summit 2023: The Uttar Pradesh government, under the able leadership of Chief Minister Yogi Adityanath, is leaving no stone unturned to propel the state on to track of all round development. As Uttar Pradesh gears to host the Global Investors Summit 2023, some huge investment intent memorandum of understanding (MoUs) have already been inked.
Union Budget 2023-24: Top economists batted for an increment in social security pension and maternity benefits ahead of the Union Budget 2023-24. 51 eminent economists wrote to Finance Minister Nirmala Sitharaman and demanded an increase in social security pensions and an adequate provision for maternity benefits.
The World Bank on Tuesday revised upwards its GDP growth forecast for India to 6.9 per cent for 2022-23, saying the economy was showing higher resilience to global shocks. In October, it had cut India's GDP growth forecast to 6.5 per cent from 7.5 per cent earlier. Now, it has upgraded the projection to 6.9 per cent for 2022-23 (April 2022 -March 2023).
The Reserve Bank of India (RBI) on Wednesday raised the benchmark lending rate by 35 basis points to 6.25 per cent in a bid to tame inflation, which has remained above its tolerance level for the past 11 months.
On Wednesday, the RBI took a major decision to hike the key repo rate by 35 basis points. This will lead to a slight rise in the EMIs for home, auto and other loans. In today's meeting, RBI slowed the pace of the increase in borrowing costs. This may result in rates nearing the peak. RBI once again concerned about the battle against inflation that is discomforting for 10 straight months. The rise in repo rate is the fifth straight increase since May. 
The Government on Friday sought Parliament's nod for net additional spending of over Rs 3.25 lakh crore in the current fiscal, which includes over Rs 1.09 lakh crore towards fertiliser subsidy payout.
The Minister of State for Communications Devusinh Chauhan on Friday informed Parliament that the fifth-generation or 5G telecom services have started in 50 towns distributed over 14 states/union territories as of November 26. 
Communications Ltd, the operator of India's largest digital payments provider Paytm, cannot use proceeds of its mega initial public offering (IPO) for the proposed repurchase of its own shares, as rules prohibit such a move, sources said, adding the firm will use its strong liquidity for the purpose.
McDonalds news: Quick service restaurant McDonald's India (North and East) on Monday said it will hire around 5,000 people as it looks to double its outlets to cross 300 restaurants in the region over the next three year, its top official said on Monday.
Retail inflation declined to an 11-month low of 5.88 per cent in November 2022 as against 6.77 per cent in October 2022, mainly due to softening prices of food items, official data showed on Monday.
UP Global Investors Summit 2023: The Uttar Pradesh government, under the able leadership of Chief Minister Yogi Adityanath, is leaving no stone unturned to propel the state on to track of all round development. As Uttar Pradesh gears to host the Global Investors Summit 2023, some huge investment intent memorandum of understanding (MoUs) have already been inked.
On Wednesday, the RBI took a major decision to hike the key repo rate by 35 basis points. This will lead to a slight rise in the EMIs for home, auto and other loans. In today's meeting, RBI slowed the pace of the increase in borrowing costs. This may result in rates nearing the peak. RBI once again concerned about the battle against inflation that is discomforting for 10 straight months. The rise in repo rate is the fifth straight increase since May. 
The Government on Friday sought Parliament's nod for net additional spending of over Rs 3.25 lakh crore in the current fiscal, which includes over Rs 1.09 lakh crore towards fertiliser subsidy payout.
The Minister of State for Communications Devusinh Chauhan on Friday informed Parliament that the fifth-generation or 5G telecom services have started in 50 towns distributed over 14 states/union territories as of November 26. 
Communications Ltd, the operator of India's largest digital payments provider Paytm, cannot use proceeds of its mega initial public offering (IPO) for the proposed repurchase of its own shares, as rules prohibit such a move, sources said, adding the firm will use its strong liquidity for the purpose.
McDonalds news: Quick service restaurant McDonald's India (North and East) on Monday said it will hire around 5,000 people as it looks to double its outlets to cross 300 restaurants in the region over the next three year, its top official said on Monday.
Retail inflation declined to an 11-month low of 5.88 per cent in November 2022 as against 6.77 per cent in October 2022, mainly due to softening prices of food items, official data showed on Monday.
UP Global Investors Summit 2023: The Uttar Pradesh government, under the able leadership of Chief Minister Yogi Adityanath, is leaving no stone unturned to propel the state on to track of all round development. As Uttar Pradesh gears to host the Global Investors Summit 2023, some huge investment intent memorandum of understanding (MoUs) have already been inked.
Investment options in 2023: You could be counting your remaining years of employment and struggling to understand how you will oversee with a scanty retirement income once you turn 65, or perhaps you've lately begun working and desire to consider making big plans for years ahead. Whatever bracket you fall into, decision to invest is among the effective methods to support your income and achieve your financial and social objectives. Let us now look at a few of the ideal investment plans for 2023-24, taking into account market churn and trends from the previous fiscal year.

Goldman Sachs to lay off hundreds of employees: Report

Tuesday 13 December 2022 11:17 AM UTC+00
Global investment bank Goldman Sachs is reportedly planning to lay off hundreds of employees at its consumer business.
Proxy advisory firm IiAS has said that the One97 Communications share buyback plan is essentially a return of equity capital to its shareholders as the company has been reporting cash losses every year, while the digital financial services firm said that it remains focussed on building long-term value for stakeholders.
On Wednesday, the RBI took a major decision to hike the key repo rate by 35 basis points. This will lead to a slight rise in the EMIs for home, auto and other loans. In today's meeting, RBI slowed the pace of the increase in borrowing costs. This may result in rates nearing the peak. RBI once again concerned about the battle against inflation that is discomforting for 10 straight months. The rise in repo rate is the fifth straight increase since May. 
The Government on Friday sought Parliament's nod for net additional spending of over Rs 3.25 lakh crore in the current fiscal, which includes over Rs 1.09 lakh crore towards fertiliser subsidy payout.
The Minister of State for Communications Devusinh Chauhan on Friday informed Parliament that the fifth-generation or 5G telecom services have started in 50 towns distributed over 14 states/union territories as of November 26. 
Communications Ltd, the operator of India's largest digital payments provider Paytm, cannot use proceeds of its mega initial public offering (IPO) for the proposed repurchase of its own shares, as rules prohibit such a move, sources said, adding the firm will use its strong liquidity for the purpose.
McDonalds news: Quick service restaurant McDonald's India (North and East) on Monday said it will hire around 5,000 people as it looks to double its outlets to cross 300 restaurants in the region over the next three year, its top official said on Monday.
Retail inflation declined to an 11-month low of 5.88 per cent in November 2022 as against 6.77 per cent in October 2022, mainly due to softening prices of food items, official data showed on Monday.
UP Global Investors Summit 2023: The Uttar Pradesh government, under the able leadership of Chief Minister Yogi Adityanath, is leaving no stone unturned to propel the state on to track of all round development. As Uttar Pradesh gears to host the Global Investors Summit 2023, some huge investment intent memorandum of understanding (MoUs) have already been inked.
Investment options in 2023: You could be counting your remaining years of employment and struggling to understand how you will oversee with a scanty retirement income once you turn 65, or perhaps you've lately begun working and desire to consider making big plans for years ahead. Whatever bracket you fall into, decision to invest is among the effective methods to support your income and achieve your financial and social objectives. Let us now look at a few of the ideal investment plans for 2023-24, taking into account market churn and trends from the previous fiscal year.

Goldman Sachs to lay off hundreds of employees: Report

Tuesday 13 December 2022 11:17 AM UTC+00
Global investment bank Goldman Sachs is reportedly planning to lay off hundreds of employees at its consumer business.
Proxy advisory firm IiAS has said that the One97 Communications share buyback plan is essentially a return of equity capital to its shareholders as the company has been reporting cash losses every year, while the digital financial services firm said that it remains focussed on building long-term value for stakeholders.
The Government on Friday sought Parliament's nod for net additional spending of over Rs 3.25 lakh crore in the current fiscal, which includes over Rs 1.09 lakh crore towards fertiliser subsidy payout.
The Minister of State for Communications Devusinh Chauhan on Friday informed Parliament that the fifth-generation or 5G telecom services have started in 50 towns distributed over 14 states/union territories as of November 26. 
Communications Ltd, the operator of India's largest digital payments provider Paytm, cannot use proceeds of its mega initial public offering (IPO) for the proposed repurchase of its own shares, as rules prohibit such a move, sources said, adding the firm will use its strong liquidity for the purpose.
McDonalds news: Quick service restaurant McDonald's India (North and East) on Monday said it will hire around 5,000 people as it looks to double its outlets to cross 300 restaurants in the region over the next three year, its top official said on Monday.
Retail inflation declined to an 11-month low of 5.88 per cent in November 2022 as against 6.77 per cent in October 2022, mainly due to softening prices of food items, official data showed on Monday.
UP Global Investors Summit 2023: The Uttar Pradesh government, under the able leadership of Chief Minister Yogi Adityanath, is leaving no stone unturned to propel the state on to track of all round development. As Uttar Pradesh gears to host the Global Investors Summit 2023, some huge investment intent memorandum of understanding (MoUs) have already been inked.
Investment options in 2023: You could be counting your remaining years of employment and struggling to understand how you will oversee with a scanty retirement income once you turn 65, or perhaps you've lately begun working and desire to consider making big plans for years ahead. Whatever bracket you fall into, decision to invest is among the effective methods to support your income and achieve your financial and social objectives. Let us now look at a few of the ideal investment plans for 2023-24, taking into account market churn and trends from the previous fiscal year.

Goldman Sachs to lay off hundreds of employees: Report

Tuesday 13 December 2022 11:17 AM UTC+00
Global investment bank Goldman Sachs is reportedly planning to lay off hundreds of employees at its consumer business.
Proxy advisory firm IiAS has said that the One97 Communications share buyback plan is essentially a return of equity capital to its shareholders as the company has been reporting cash losses every year, while the digital financial services firm said that it remains focussed on building long-term value for stakeholders.
Cisco layoffs: Joining the Big Tech layoff season, networking major Cisco has reportedly started laying off 5 per cent of its workforce, or more than 4,000 employees.
The Government on Friday sought Parliament's nod for net additional spending of over Rs 3.25 lakh crore in the current fiscal, which includes over Rs 1.09 lakh crore towards fertiliser subsidy payout.
The Minister of State for Communications Devusinh Chauhan on Friday informed Parliament that the fifth-generation or 5G telecom services have started in 50 towns distributed over 14 states/union territories as of November 26. 
Communications Ltd, the operator of India's largest digital payments provider Paytm, cannot use proceeds of its mega initial public offering (IPO) for the proposed repurchase of its own shares, as rules prohibit such a move, sources said, adding the firm will use its strong liquidity for the purpose.
McDonalds news: Quick service restaurant McDonald's India (North and East) on Monday said it will hire around 5,000 people as it looks to double its outlets to cross 300 restaurants in the region over the next three year, its top official said on Monday.
Retail inflation declined to an 11-month low of 5.88 per cent in November 2022 as against 6.77 per cent in October 2022, mainly due to softening prices of food items, official data showed on Monday.
UP Global Investors Summit 2023: The Uttar Pradesh government, under the able leadership of Chief Minister Yogi Adityanath, is leaving no stone unturned to propel the state on to track of all round development. As Uttar Pradesh gears to host the Global Investors Summit 2023, some huge investment intent memorandum of understanding (MoUs) have already been inked.
Investment options in 2023: You could be counting your remaining years of employment and struggling to understand how you will oversee with a scanty retirement income once you turn 65, or perhaps you've lately begun working and desire to consider making big plans for years ahead. Whatever bracket you fall into, decision to invest is among the effective methods to support your income and achieve your financial and social objectives. Let us now look at a few of the ideal investment plans for 2023-24, taking into account market churn and trends from the previous fiscal year.

Goldman Sachs to lay off hundreds of employees: Report

Tuesday 13 December 2022 11:17 AM UTC+00
Global investment bank Goldman Sachs is reportedly planning to lay off hundreds of employees at its consumer business.
Proxy advisory firm IiAS has said that the One97 Communications share buyback plan is essentially a return of equity capital to its shareholders as the company has been reporting cash losses every year, while the digital financial services firm said that it remains focussed on building long-term value for stakeholders.
Cisco layoffs: Joining the Big Tech layoff season, networking major Cisco has reportedly started laying off 5 per cent of its workforce, or more than 4,000 employees.
The Government on Friday sought Parliament's nod for net additional spending of over Rs 3.25 lakh crore in the current fiscal, which includes over Rs 1.09 lakh crore towards fertiliser subsidy payout.
The Minister of State for Communications Devusinh Chauhan on Friday informed Parliament that the fifth-generation or 5G telecom services have started in 50 towns distributed over 14 states/union territories as of November 26. 
Communications Ltd, the operator of India's largest digital payments provider Paytm, cannot use proceeds of its mega initial public offering (IPO) for the proposed repurchase of its own shares, as rules prohibit such a move, sources said, adding the firm will use its strong liquidity for the purpose.
McDonalds news: Quick service restaurant McDonald's India (North and East) on Monday said it will hire around 5,000 people as it looks to double its outlets to cross 300 restaurants in the region over the next three year, its top official said on Monday.
Retail inflation declined to an 11-month low of 5.88 per cent in November 2022 as against 6.77 per cent in October 2022, mainly due to softening prices of food items, official data showed on Monday.
UP Global Investors Summit 2023: The Uttar Pradesh government, under the able leadership of Chief Minister Yogi Adityanath, is leaving no stone unturned to propel the state on to track of all round development. As Uttar Pradesh gears to host the Global Investors Summit 2023, some huge investment intent memorandum of understanding (MoUs) have already been inked.
Investment options in 2023: You could be counting your remaining years of employment and struggling to understand how you will oversee with a scanty retirement income once you turn 65, or perhaps you've lately begun working and desire to consider making big plans for years ahead. Whatever bracket you fall into, decision to invest is among the effective methods to support your income and achieve your financial and social objectives. Let us now look at a few of the ideal investment plans for 2023-24, taking into account market churn and trends from the previous fiscal year.

Goldman Sachs to lay off hundreds of employees: Report

Tuesday 13 December 2022 11:17 AM UTC+00
Global investment bank Goldman Sachs is reportedly planning to lay off hundreds of employees at its consumer business.
Proxy advisory firm IiAS has said that the One97 Communications share buyback plan is essentially a return of equity capital to its shareholders as the company has been reporting cash losses every year, while the digital financial services firm said that it remains focussed on building long-term value for stakeholders.
Cisco layoffs: Joining the Big Tech layoff season, networking major Cisco has reportedly started laying off 5 per cent of its workforce, or more than 4,000 employees.
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