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IndiaTV Business: Google News Feed: Digest for December 03, 2022

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Co-working firm Avanta India plans to expand its portfolio to tap a rising demand for flexible workspace and will open more facilities covering around 50,000 square feet area over the next six months. Avanta India, part of the UK-based Avanta group, currently has five co-working centres, comprising 1.5 lakh square feet area and 3,000 desks, in the national capital (Nehru Place, Connaught Place, KG Marg, Saket) and Gurugram.
Amid an exercise to wind up certain verticals as part of global exercise to cut costs, Amazon on Monday announced to shut down its wholesale distribution business in India.
Singapore Airlines on Tuesday announces the merger of Vistara and Air India by March 2024. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines (SIA).

RBI announces launch of first pilot for retail digital rupee

Tuesday 29 November 2022 11:12 AM UTC+00
The Reserve Bank on Tuesday said it will launch the first pilot for retail digital rupee (e₹-R) on December 1, 2022, in which four banks including SBI and ICICI Bank will initially participate. On November 1, the RBI launched the first pilot in the digital rupee - wholesale segment. Announcing the operationalisation of the Central Bank Digital Currency – Retail (e₹-R) Pilot, the RBI said the pilot would cover select locations in closed user groups (CUG) comprising participating customers and merchants.
Vikram Kirloskar dies: Toyota Kirloskar Motor Vice Chairperson Vikram S Kirloskar has died due to a heart attack, the automaker said on Wednesday. He was 64.
The free trade agreement between India and Australia will come into force from December 29, a move which will help in almost doubling the bilateral commerce to USD 45-50 billion in around five years.
India GDP: India's economic growth slowed down to 6.3 per cent in the July-September quarter of this fiscal, dragged down mainly by the poor performance of manufacturing and mining sectors, official data showed on Wednesday.
Indicating sustained economic recovery, the government data showed India's power consumption logged a double-digit growth of 13.6 per cent to 112.81 billion units in November 2022 compared to the year-ago period. 
Bharat Bond ETF: The Union government is set to launch the fourth tranche of Bharat Bond ETF on Friday, December 2. Notably, it is India's first corporate bond exchange-traded fund. 
Noida news: Representatives of realtors' bodies CREDAI and NAREDCO met Ritu Maheshwari, the CEO of Noida and Greater Noida development authorities and demanded a one-time settlement scheme to clear their land dues citing liquidity crunch.
Co-working firm Avanta India plans to expand its portfolio to tap a rising demand for flexible workspace and will open more facilities covering around 50,000 square feet area over the next six months. Avanta India, part of the UK-based Avanta group, currently has five co-working centres, comprising 1.5 lakh square feet area and 3,000 desks, in the national capital (Nehru Place, Connaught Place, KG Marg, Saket) and Gurugram.
Amid an exercise to wind up certain verticals as part of global exercise to cut costs, Amazon on Monday announced to shut down its wholesale distribution business in India.
Singapore Airlines on Tuesday announces the merger of Vistara and Air India by March 2024. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines (SIA).

RBI announces launch of first pilot for retail digital rupee

Tuesday 29 November 2022 11:12 AM UTC+00
The Reserve Bank on Tuesday said it will launch the first pilot for retail digital rupee (e₹-R) on December 1, 2022, in which four banks including SBI and ICICI Bank will initially participate. On November 1, the RBI launched the first pilot in the digital rupee - wholesale segment. Announcing the operationalisation of the Central Bank Digital Currency – Retail (e₹-R) Pilot, the RBI said the pilot would cover select locations in closed user groups (CUG) comprising participating customers and merchants.
Vikram Kirloskar dies: Toyota Kirloskar Motor Vice Chairperson Vikram S Kirloskar has died due to a heart attack, the automaker said on Wednesday. He was 64.
The free trade agreement between India and Australia will come into force from December 29, a move which will help in almost doubling the bilateral commerce to USD 45-50 billion in around five years.
India GDP: India's economic growth slowed down to 6.3 per cent in the July-September quarter of this fiscal, dragged down mainly by the poor performance of manufacturing and mining sectors, official data showed on Wednesday.
Indicating sustained economic recovery, the government data showed India's power consumption logged a double-digit growth of 13.6 per cent to 112.81 billion units in November 2022 compared to the year-ago period. 
Bharat Bond ETF: The Union government is set to launch the fourth tranche of Bharat Bond ETF on Friday, December 2. Notably, it is India's first corporate bond exchange-traded fund. 
Noida news: Representatives of realtors' bodies CREDAI and NAREDCO met Ritu Maheshwari, the CEO of Noida and Greater Noida development authorities and demanded a one-time settlement scheme to clear their land dues citing liquidity crunch.
Co-working firm Avanta India plans to expand its portfolio to tap a rising demand for flexible workspace and will open more facilities covering around 50,000 square feet area over the next six months. Avanta India, part of the UK-based Avanta group, currently has five co-working centres, comprising 1.5 lakh square feet area and 3,000 desks, in the national capital (Nehru Place, Connaught Place, KG Marg, Saket) and Gurugram.
Amid an exercise to wind up certain verticals as part of global exercise to cut costs, Amazon on Monday announced to shut down its wholesale distribution business in India.
Singapore Airlines on Tuesday announces the merger of Vistara and Air India by March 2024. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines (SIA).

RBI announces launch of first pilot for retail digital rupee

Tuesday 29 November 2022 11:12 AM UTC+00
The Reserve Bank on Tuesday said it will launch the first pilot for retail digital rupee (e₹-R) on December 1, 2022, in which four banks including SBI and ICICI Bank will initially participate. On November 1, the RBI launched the first pilot in the digital rupee - wholesale segment. Announcing the operationalisation of the Central Bank Digital Currency – Retail (e₹-R) Pilot, the RBI said the pilot would cover select locations in closed user groups (CUG) comprising participating customers and merchants.
Vikram Kirloskar dies: Toyota Kirloskar Motor Vice Chairperson Vikram S Kirloskar has died due to a heart attack, the automaker said on Wednesday. He was 64.
The free trade agreement between India and Australia will come into force from December 29, a move which will help in almost doubling the bilateral commerce to USD 45-50 billion in around five years.
India GDP: India's economic growth slowed down to 6.3 per cent in the July-September quarter of this fiscal, dragged down mainly by the poor performance of manufacturing and mining sectors, official data showed on Wednesday.
Indicating sustained economic recovery, the government data showed India's power consumption logged a double-digit growth of 13.6 per cent to 112.81 billion units in November 2022 compared to the year-ago period. 
Bharat Bond ETF: The Union government is set to launch the fourth tranche of Bharat Bond ETF on Friday, December 2. Notably, it is India's first corporate bond exchange-traded fund. 
Noida news: Representatives of realtors' bodies CREDAI and NAREDCO met Ritu Maheshwari, the CEO of Noida and Greater Noida development authorities and demanded a one-time settlement scheme to clear their land dues citing liquidity crunch.
Co-working firm Avanta India plans to expand its portfolio to tap a rising demand for flexible workspace and will open more facilities covering around 50,000 square feet area over the next six months. Avanta India, part of the UK-based Avanta group, currently has five co-working centres, comprising 1.5 lakh square feet area and 3,000 desks, in the national capital (Nehru Place, Connaught Place, KG Marg, Saket) and Gurugram.
Amid an exercise to wind up certain verticals as part of global exercise to cut costs, Amazon on Monday announced to shut down its wholesale distribution business in India.
Singapore Airlines on Tuesday announces the merger of Vistara and Air India by March 2024. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines (SIA).

RBI announces launch of first pilot for retail digital rupee

Tuesday 29 November 2022 11:12 AM UTC+00
The Reserve Bank on Tuesday said it will launch the first pilot for retail digital rupee (e₹-R) on December 1, 2022, in which four banks including SBI and ICICI Bank will initially participate. On November 1, the RBI launched the first pilot in the digital rupee - wholesale segment. Announcing the operationalisation of the Central Bank Digital Currency – Retail (e₹-R) Pilot, the RBI said the pilot would cover select locations in closed user groups (CUG) comprising participating customers and merchants.
Vikram Kirloskar dies: Toyota Kirloskar Motor Vice Chairperson Vikram S Kirloskar has died due to a heart attack, the automaker said on Wednesday. He was 64.
The free trade agreement between India and Australia will come into force from December 29, a move which will help in almost doubling the bilateral commerce to USD 45-50 billion in around five years.
India GDP: India's economic growth slowed down to 6.3 per cent in the July-September quarter of this fiscal, dragged down mainly by the poor performance of manufacturing and mining sectors, official data showed on Wednesday.
Indicating sustained economic recovery, the government data showed India's power consumption logged a double-digit growth of 13.6 per cent to 112.81 billion units in November 2022 compared to the year-ago period. 
Bharat Bond ETF: The Union government is set to launch the fourth tranche of Bharat Bond ETF on Friday, December 2. Notably, it is India's first corporate bond exchange-traded fund. 
Noida news: Representatives of realtors' bodies CREDAI and NAREDCO met Ritu Maheshwari, the CEO of Noida and Greater Noida development authorities and demanded a one-time settlement scheme to clear their land dues citing liquidity crunch.
Co-working firm Avanta India plans to expand its portfolio to tap a rising demand for flexible workspace and will open more facilities covering around 50,000 square feet area over the next six months. Avanta India, part of the UK-based Avanta group, currently has five co-working centres, comprising 1.5 lakh square feet area and 3,000 desks, in the national capital (Nehru Place, Connaught Place, KG Marg, Saket) and Gurugram.
Amid an exercise to wind up certain verticals as part of global exercise to cut costs, Amazon on Monday announced to shut down its wholesale distribution business in India.
Singapore Airlines on Tuesday announces the merger of Vistara and Air India by March 2024. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines (SIA).

RBI announces launch of first pilot for retail digital rupee

Tuesday 29 November 2022 11:12 AM UTC+00
The Reserve Bank on Tuesday said it will launch the first pilot for retail digital rupee (e₹-R) on December 1, 2022, in which four banks including SBI and ICICI Bank will initially participate. On November 1, the RBI launched the first pilot in the digital rupee - wholesale segment. Announcing the operationalisation of the Central Bank Digital Currency – Retail (e₹-R) Pilot, the RBI said the pilot would cover select locations in closed user groups (CUG) comprising participating customers and merchants.
Vikram Kirloskar dies: Toyota Kirloskar Motor Vice Chairperson Vikram S Kirloskar has died due to a heart attack, the automaker said on Wednesday. He was 64.
The free trade agreement between India and Australia will come into force from December 29, a move which will help in almost doubling the bilateral commerce to USD 45-50 billion in around five years.
India GDP: India's economic growth slowed down to 6.3 per cent in the July-September quarter of this fiscal, dragged down mainly by the poor performance of manufacturing and mining sectors, official data showed on Wednesday.
Indicating sustained economic recovery, the government data showed India's power consumption logged a double-digit growth of 13.6 per cent to 112.81 billion units in November 2022 compared to the year-ago period. 
Bharat Bond ETF: The Union government is set to launch the fourth tranche of Bharat Bond ETF on Friday, December 2. Notably, it is India's first corporate bond exchange-traded fund. 
Noida news: Representatives of realtors' bodies CREDAI and NAREDCO met Ritu Maheshwari, the CEO of Noida and Greater Noida development authorities and demanded a one-time settlement scheme to clear their land dues citing liquidity crunch.
Co-working firm Avanta India plans to expand its portfolio to tap a rising demand for flexible workspace and will open more facilities covering around 50,000 square feet area over the next six months. Avanta India, part of the UK-based Avanta group, currently has five co-working centres, comprising 1.5 lakh square feet area and 3,000 desks, in the national capital (Nehru Place, Connaught Place, KG Marg, Saket) and Gurugram.
Amid an exercise to wind up certain verticals as part of global exercise to cut costs, Amazon on Monday announced to shut down its wholesale distribution business in India.
Singapore Airlines on Tuesday announces the merger of Vistara and Air India by March 2024. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines (SIA).

RBI announces launch of first pilot for retail digital rupee

Tuesday 29 November 2022 11:12 AM UTC+00
The Reserve Bank on Tuesday said it will launch the first pilot for retail digital rupee (e₹-R) on December 1, 2022, in which four banks including SBI and ICICI Bank will initially participate. On November 1, the RBI launched the first pilot in the digital rupee - wholesale segment. Announcing the operationalisation of the Central Bank Digital Currency – Retail (e₹-R) Pilot, the RBI said the pilot would cover select locations in closed user groups (CUG) comprising participating customers and merchants.
Vikram Kirloskar dies: Toyota Kirloskar Motor Vice Chairperson Vikram S Kirloskar has died due to a heart attack, the automaker said on Wednesday. He was 64.
The free trade agreement between India and Australia will come into force from December 29, a move which will help in almost doubling the bilateral commerce to USD 45-50 billion in around five years.
India GDP: India's economic growth slowed down to 6.3 per cent in the July-September quarter of this fiscal, dragged down mainly by the poor performance of manufacturing and mining sectors, official data showed on Wednesday.
Indicating sustained economic recovery, the government data showed India's power consumption logged a double-digit growth of 13.6 per cent to 112.81 billion units in November 2022 compared to the year-ago period. 
Bharat Bond ETF: The Union government is set to launch the fourth tranche of Bharat Bond ETF on Friday, December 2. Notably, it is India's first corporate bond exchange-traded fund. 
Noida news: Representatives of realtors' bodies CREDAI and NAREDCO met Ritu Maheshwari, the CEO of Noida and Greater Noida development authorities and demanded a one-time settlement scheme to clear their land dues citing liquidity crunch.
Co-working firm Avanta India plans to expand its portfolio to tap a rising demand for flexible workspace and will open more facilities covering around 50,000 square feet area over the next six months. Avanta India, part of the UK-based Avanta group, currently has five co-working centres, comprising 1.5 lakh square feet area and 3,000 desks, in the national capital (Nehru Place, Connaught Place, KG Marg, Saket) and Gurugram.
Amid an exercise to wind up certain verticals as part of global exercise to cut costs, Amazon on Monday announced to shut down its wholesale distribution business in India.
Singapore Airlines on Tuesday announces the merger of Vistara and Air India by March 2024. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines (SIA).

RBI announces launch of first pilot for retail digital rupee

Tuesday 29 November 2022 11:12 AM UTC+00
The Reserve Bank on Tuesday said it will launch the first pilot for retail digital rupee (e₹-R) on December 1, 2022, in which four banks including SBI and ICICI Bank will initially participate. On November 1, the RBI launched the first pilot in the digital rupee - wholesale segment. Announcing the operationalisation of the Central Bank Digital Currency – Retail (e₹-R) Pilot, the RBI said the pilot would cover select locations in closed user groups (CUG) comprising participating customers and merchants.
Vikram Kirloskar dies: Toyota Kirloskar Motor Vice Chairperson Vikram S Kirloskar has died due to a heart attack, the automaker said on Wednesday. He was 64.
The free trade agreement between India and Australia will come into force from December 29, a move which will help in almost doubling the bilateral commerce to USD 45-50 billion in around five years.
India GDP: India's economic growth slowed down to 6.3 per cent in the July-September quarter of this fiscal, dragged down mainly by the poor performance of manufacturing and mining sectors, official data showed on Wednesday.
Indicating sustained economic recovery, the government data showed India's power consumption logged a double-digit growth of 13.6 per cent to 112.81 billion units in November 2022 compared to the year-ago period. 
Bharat Bond ETF: The Union government is set to launch the fourth tranche of Bharat Bond ETF on Friday, December 2. Notably, it is India's first corporate bond exchange-traded fund. 
Noida news: Representatives of realtors' bodies CREDAI and NAREDCO met Ritu Maheshwari, the CEO of Noida and Greater Noida development authorities and demanded a one-time settlement scheme to clear their land dues citing liquidity crunch.
Amid an exercise to wind up certain verticals as part of global exercise to cut costs, Amazon on Monday announced to shut down its wholesale distribution business in India.
Singapore Airlines on Tuesday announces the merger of Vistara and Air India by March 2024. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines (SIA).

RBI announces launch of first pilot for retail digital rupee

Tuesday 29 November 2022 11:12 AM UTC+00
The Reserve Bank on Tuesday said it will launch the first pilot for retail digital rupee (e₹-R) on December 1, 2022, in which four banks including SBI and ICICI Bank will initially participate. On November 1, the RBI launched the first pilot in the digital rupee - wholesale segment. Announcing the operationalisation of the Central Bank Digital Currency – Retail (e₹-R) Pilot, the RBI said the pilot would cover select locations in closed user groups (CUG) comprising participating customers and merchants.
Vikram Kirloskar dies: Toyota Kirloskar Motor Vice Chairperson Vikram S Kirloskar has died due to a heart attack, the automaker said on Wednesday. He was 64.
The free trade agreement between India and Australia will come into force from December 29, a move which will help in almost doubling the bilateral commerce to USD 45-50 billion in around five years.
India GDP: India's economic growth slowed down to 6.3 per cent in the July-September quarter of this fiscal, dragged down mainly by the poor performance of manufacturing and mining sectors, official data showed on Wednesday.
Indicating sustained economic recovery, the government data showed India's power consumption logged a double-digit growth of 13.6 per cent to 112.81 billion units in November 2022 compared to the year-ago period. 
Bharat Bond ETF: The Union government is set to launch the fourth tranche of Bharat Bond ETF on Friday, December 2. Notably, it is India's first corporate bond exchange-traded fund. 
Noida news: Representatives of realtors' bodies CREDAI and NAREDCO met Ritu Maheshwari, the CEO of Noida and Greater Noida development authorities and demanded a one-time settlement scheme to clear their land dues citing liquidity crunch.

Digital rupee a 'game changer', says SBI Chairman Dinesh Khara

Friday 02 December 2022 04:02 PM UTC+00
Digital rupee: SBI Chairman Dinesh Khara today (December 2) said the Reserve Bank's first pilot project for retail digital rupee is a game changer with durable effects that should ensure better monetary transmission at much lesser costs.
Amid an exercise to wind up certain verticals as part of global exercise to cut costs, Amazon on Monday announced to shut down its wholesale distribution business in India.
Singapore Airlines on Tuesday announces the merger of Vistara and Air India by March 2024. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines (SIA).

RBI announces launch of first pilot for retail digital rupee

Tuesday 29 November 2022 11:12 AM UTC+00
The Reserve Bank on Tuesday said it will launch the first pilot for retail digital rupee (e₹-R) on December 1, 2022, in which four banks including SBI and ICICI Bank will initially participate. On November 1, the RBI launched the first pilot in the digital rupee - wholesale segment. Announcing the operationalisation of the Central Bank Digital Currency – Retail (e₹-R) Pilot, the RBI said the pilot would cover select locations in closed user groups (CUG) comprising participating customers and merchants.
Vikram Kirloskar dies: Toyota Kirloskar Motor Vice Chairperson Vikram S Kirloskar has died due to a heart attack, the automaker said on Wednesday. He was 64.
The free trade agreement between India and Australia will come into force from December 29, a move which will help in almost doubling the bilateral commerce to USD 45-50 billion in around five years.
India GDP: India's economic growth slowed down to 6.3 per cent in the July-September quarter of this fiscal, dragged down mainly by the poor performance of manufacturing and mining sectors, official data showed on Wednesday.
Indicating sustained economic recovery, the government data showed India's power consumption logged a double-digit growth of 13.6 per cent to 112.81 billion units in November 2022 compared to the year-ago period. 
Bharat Bond ETF: The Union government is set to launch the fourth tranche of Bharat Bond ETF on Friday, December 2. Notably, it is India's first corporate bond exchange-traded fund. 
Noida news: Representatives of realtors' bodies CREDAI and NAREDCO met Ritu Maheshwari, the CEO of Noida and Greater Noida development authorities and demanded a one-time settlement scheme to clear their land dues citing liquidity crunch.

Digital rupee a 'game changer', says SBI Chairman Dinesh Khara

Friday 02 December 2022 04:02 PM UTC+00
Digital rupee: SBI Chairman Dinesh Khara today (December 2) said the Reserve Bank's first pilot project for retail digital rupee is a game changer with durable effects that should ensure better monetary transmission at much lesser costs.
Amid an exercise to wind up certain verticals as part of global exercise to cut costs, Amazon on Monday announced to shut down its wholesale distribution business in India.
Singapore Airlines on Tuesday announces the merger of Vistara and Air India by March 2024. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines (SIA).

RBI announces launch of first pilot for retail digital rupee

Tuesday 29 November 2022 11:12 AM UTC+00
The Reserve Bank on Tuesday said it will launch the first pilot for retail digital rupee (e₹-R) on December 1, 2022, in which four banks including SBI and ICICI Bank will initially participate. On November 1, the RBI launched the first pilot in the digital rupee - wholesale segment. Announcing the operationalisation of the Central Bank Digital Currency – Retail (e₹-R) Pilot, the RBI said the pilot would cover select locations in closed user groups (CUG) comprising participating customers and merchants.
Vikram Kirloskar dies: Toyota Kirloskar Motor Vice Chairperson Vikram S Kirloskar has died due to a heart attack, the automaker said on Wednesday. He was 64.
The free trade agreement between India and Australia will come into force from December 29, a move which will help in almost doubling the bilateral commerce to USD 45-50 billion in around five years.
India GDP: India's economic growth slowed down to 6.3 per cent in the July-September quarter of this fiscal, dragged down mainly by the poor performance of manufacturing and mining sectors, official data showed on Wednesday.
Indicating sustained economic recovery, the government data showed India's power consumption logged a double-digit growth of 13.6 per cent to 112.81 billion units in November 2022 compared to the year-ago period. 
Bharat Bond ETF: The Union government is set to launch the fourth tranche of Bharat Bond ETF on Friday, December 2. Notably, it is India's first corporate bond exchange-traded fund. 
Noida news: Representatives of realtors' bodies CREDAI and NAREDCO met Ritu Maheshwari, the CEO of Noida and Greater Noida development authorities and demanded a one-time settlement scheme to clear their land dues citing liquidity crunch.

Digital rupee a 'game changer', says SBI Chairman Dinesh Khara

Friday 02 December 2022 04:02 PM UTC+00
Digital rupee: SBI Chairman Dinesh Khara today (December 2) said the Reserve Bank's first pilot project for retail digital rupee is a game changer with durable effects that should ensure better monetary transmission at much lesser costs.
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