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IndiaTV Business: Google News Feed: Digest for January 04, 2023

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The subsidiary of IRB Infrastructure Trust (sponsored by IRB Infrastructure Developers Limited) -- Udaipur Tollway Limited (UTL) has announced to allot unlisted, rated, redeemable nonconvertible debentures to investors. According to a release, the company has allotted debentures of Rs 700 crore. The allotment has been done on a private placement basis.
With resurge of Covid cases, China economy once again is staring at downfall trend. Three years of quarantines and strict curbs already damaged enough the roots of the economy as a whole. In the last one year, with the partially easing of Covid restrictions, the industries were back on the track to recovery but again it faced a big jolt. 
In what can be considered a new year gift, the Odisha government on Friday announced a hike in Dearness Allowance (DA) for all state government employees under the 7th Pay Commission. 
Interest rates hike: In accordance with firming interest rates in the economy, the Central government on Friday hiked the interest rates on small deposits by up to 1.1 percentage points from January 1.
LPG price hike: The Oil Marketing Companies on Sunday (January 1) raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 25 with immediate effect on the first day of the New Year 2023.
New Year 2023 celebrations: Food delivery app Swiggy delivered 3.50 lakh biryani orders on Saturday (December 31) and by 10.25 PM the app dispatched over 61,000 pizzas across the country, according to company sources.
GST: The collections from Goods and Services Tax (GST) grew by 15 per cent to over Rs 1.49 lakh crore in December 2022, indicating improved manufacturing output and consumption demand, besides better compliance.
Latest on world economy: A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down.

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
The subsidiary of IRB Infrastructure Trust (sponsored by IRB Infrastructure Developers Limited) -- Udaipur Tollway Limited (UTL) has announced to allot unlisted, rated, redeemable nonconvertible debentures to investors. According to a release, the company has allotted debentures of Rs 700 crore. The allotment has been done on a private placement basis.
With resurge of Covid cases, China economy once again is staring at downfall trend. Three years of quarantines and strict curbs already damaged enough the roots of the economy as a whole. In the last one year, with the partially easing of Covid restrictions, the industries were back on the track to recovery but again it faced a big jolt. 
In what can be considered a new year gift, the Odisha government on Friday announced a hike in Dearness Allowance (DA) for all state government employees under the 7th Pay Commission. 
Interest rates hike: In accordance with firming interest rates in the economy, the Central government on Friday hiked the interest rates on small deposits by up to 1.1 percentage points from January 1.
LPG price hike: The Oil Marketing Companies on Sunday (January 1) raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 25 with immediate effect on the first day of the New Year 2023.
New Year 2023 celebrations: Food delivery app Swiggy delivered 3.50 lakh biryani orders on Saturday (December 31) and by 10.25 PM the app dispatched over 61,000 pizzas across the country, according to company sources.
GST: The collections from Goods and Services Tax (GST) grew by 15 per cent to over Rs 1.49 lakh crore in December 2022, indicating improved manufacturing output and consumption demand, besides better compliance.
Latest on world economy: A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down.

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
The subsidiary of IRB Infrastructure Trust (sponsored by IRB Infrastructure Developers Limited) -- Udaipur Tollway Limited (UTL) has announced to allot unlisted, rated, redeemable nonconvertible debentures to investors. According to a release, the company has allotted debentures of Rs 700 crore. The allotment has been done on a private placement basis.
With resurge of Covid cases, China economy once again is staring at downfall trend. Three years of quarantines and strict curbs already damaged enough the roots of the economy as a whole. In the last one year, with the partially easing of Covid restrictions, the industries were back on the track to recovery but again it faced a big jolt. 
In what can be considered a new year gift, the Odisha government on Friday announced a hike in Dearness Allowance (DA) for all state government employees under the 7th Pay Commission. 
Interest rates hike: In accordance with firming interest rates in the economy, the Central government on Friday hiked the interest rates on small deposits by up to 1.1 percentage points from January 1.
LPG price hike: The Oil Marketing Companies on Sunday (January 1) raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 25 with immediate effect on the first day of the New Year 2023.
New Year 2023 celebrations: Food delivery app Swiggy delivered 3.50 lakh biryani orders on Saturday (December 31) and by 10.25 PM the app dispatched over 61,000 pizzas across the country, according to company sources.
GST: The collections from Goods and Services Tax (GST) grew by 15 per cent to over Rs 1.49 lakh crore in December 2022, indicating improved manufacturing output and consumption demand, besides better compliance.
Latest on world economy: A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down.

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
With resurge of Covid cases, China economy once again is staring at downfall trend. Three years of quarantines and strict curbs already damaged enough the roots of the economy as a whole. In the last one year, with the partially easing of Covid restrictions, the industries were back on the track to recovery but again it faced a big jolt. 
In what can be considered a new year gift, the Odisha government on Friday announced a hike in Dearness Allowance (DA) for all state government employees under the 7th Pay Commission. 
Interest rates hike: In accordance with firming interest rates in the economy, the Central government on Friday hiked the interest rates on small deposits by up to 1.1 percentage points from January 1.
LPG price hike: The Oil Marketing Companies on Sunday (January 1) raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 25 with immediate effect on the first day of the New Year 2023.
New Year 2023 celebrations: Food delivery app Swiggy delivered 3.50 lakh biryani orders on Saturday (December 31) and by 10.25 PM the app dispatched over 61,000 pizzas across the country, according to company sources.
GST: The collections from Goods and Services Tax (GST) grew by 15 per cent to over Rs 1.49 lakh crore in December 2022, indicating improved manufacturing output and consumption demand, besides better compliance.
Latest on world economy: A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down.

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
Orient Green Power Company announced it has plans to expand assets in the renewable energy segment. The Shriram Group Company informed it is also mulling growth possibilities in overseas markets.
In what can be considered a new year gift, the Odisha government on Friday announced a hike in Dearness Allowance (DA) for all state government employees under the 7th Pay Commission. 
Interest rates hike: In accordance with firming interest rates in the economy, the Central government on Friday hiked the interest rates on small deposits by up to 1.1 percentage points from January 1.
LPG price hike: The Oil Marketing Companies on Sunday (January 1) raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 25 with immediate effect on the first day of the New Year 2023.
New Year 2023 celebrations: Food delivery app Swiggy delivered 3.50 lakh biryani orders on Saturday (December 31) and by 10.25 PM the app dispatched over 61,000 pizzas across the country, according to company sources.
GST: The collections from Goods and Services Tax (GST) grew by 15 per cent to over Rs 1.49 lakh crore in December 2022, indicating improved manufacturing output and consumption demand, besides better compliance.
Latest on world economy: A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down.

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
Orient Green Power Company announced it has plans to expand assets in the renewable energy segment. The Shriram Group Company informed it is also mulling growth possibilities in overseas markets.
The Global Trade Research Initiative (GTRI) on Tuesday said the Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies. Economic think tank GTRI asserted India should aim at reducing energy import bill to improve its current account.
Interest rates hike: In accordance with firming interest rates in the economy, the Central government on Friday hiked the interest rates on small deposits by up to 1.1 percentage points from January 1.
LPG price hike: The Oil Marketing Companies on Sunday (January 1) raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 25 with immediate effect on the first day of the New Year 2023.
New Year 2023 celebrations: Food delivery app Swiggy delivered 3.50 lakh biryani orders on Saturday (December 31) and by 10.25 PM the app dispatched over 61,000 pizzas across the country, according to company sources.
GST: The collections from Goods and Services Tax (GST) grew by 15 per cent to over Rs 1.49 lakh crore in December 2022, indicating improved manufacturing output and consumption demand, besides better compliance.
Latest on world economy: A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down.

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
Orient Green Power Company announced it has plans to expand assets in the renewable energy segment. The Shriram Group Company informed it is also mulling growth possibilities in overseas markets.
The Global Trade Research Initiative (GTRI) on Tuesday said the Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies. Economic think tank GTRI asserted India should aim at reducing energy import bill to improve its current account.
BharatPe CEO quits: BharatPe's Chief Executive Officer (CEO) Suhail Sameer resigned from his post on Tuesday. According to reports, he also had an argument with ousted co-founder Ashneer Grover. "Sameer will transition from Chief Executive Officer to strategic advisor effective January 7, 2023," the company said in a statement without mentioning the reason behind his resignation.
Interest rates hike: In accordance with firming interest rates in the economy, the Central government on Friday hiked the interest rates on small deposits by up to 1.1 percentage points from January 1.
LPG price hike: The Oil Marketing Companies on Sunday (January 1) raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 25 with immediate effect on the first day of the New Year 2023.
New Year 2023 celebrations: Food delivery app Swiggy delivered 3.50 lakh biryani orders on Saturday (December 31) and by 10.25 PM the app dispatched over 61,000 pizzas across the country, according to company sources.
GST: The collections from Goods and Services Tax (GST) grew by 15 per cent to over Rs 1.49 lakh crore in December 2022, indicating improved manufacturing output and consumption demand, besides better compliance.
Latest on world economy: A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down.

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
Orient Green Power Company announced it has plans to expand assets in the renewable energy segment. The Shriram Group Company informed it is also mulling growth possibilities in overseas markets.
The Global Trade Research Initiative (GTRI) on Tuesday said the Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies. Economic think tank GTRI asserted India should aim at reducing energy import bill to improve its current account.
BharatPe CEO quits: BharatPe's Chief Executive Officer (CEO) Suhail Sameer resigned from his post on Tuesday. According to reports, he also had an argument with ousted co-founder Ashneer Grover. "Sameer will transition from Chief Executive Officer to strategic advisor effective January 7, 2023," the company said in a statement without mentioning the reason behind his resignation.
Interest rates hike: In accordance with firming interest rates in the economy, the Central government on Friday hiked the interest rates on small deposits by up to 1.1 percentage points from January 1.
LPG price hike: The Oil Marketing Companies on Sunday (January 1) raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 25 with immediate effect on the first day of the New Year 2023.
New Year 2023 celebrations: Food delivery app Swiggy delivered 3.50 lakh biryani orders on Saturday (December 31) and by 10.25 PM the app dispatched over 61,000 pizzas across the country, according to company sources.
GST: The collections from Goods and Services Tax (GST) grew by 15 per cent to over Rs 1.49 lakh crore in December 2022, indicating improved manufacturing output and consumption demand, besides better compliance.
Latest on world economy: A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down.

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
Orient Green Power Company announced it has plans to expand assets in the renewable energy segment. The Shriram Group Company informed it is also mulling growth possibilities in overseas markets.
The Global Trade Research Initiative (GTRI) on Tuesday said the Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies. Economic think tank GTRI asserted India should aim at reducing energy import bill to improve its current account.
BharatPe CEO quits: BharatPe's Chief Executive Officer (CEO) Suhail Sameer resigned from his post on Tuesday. According to reports, he also had an argument with ousted co-founder Ashneer Grover. "Sameer will transition from Chief Executive Officer to strategic advisor effective January 7, 2023," the company said in a statement without mentioning the reason behind his resignation.
LPG price hike: The Oil Marketing Companies on Sunday (January 1) raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 25 with immediate effect on the first day of the New Year 2023.
New Year 2023 celebrations: Food delivery app Swiggy delivered 3.50 lakh biryani orders on Saturday (December 31) and by 10.25 PM the app dispatched over 61,000 pizzas across the country, according to company sources.
GST: The collections from Goods and Services Tax (GST) grew by 15 per cent to over Rs 1.49 lakh crore in December 2022, indicating improved manufacturing output and consumption demand, besides better compliance.
Latest on world economy: A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down.

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
Orient Green Power Company announced it has plans to expand assets in the renewable energy segment. The Shriram Group Company informed it is also mulling growth possibilities in overseas markets.
The Global Trade Research Initiative (GTRI) on Tuesday said the Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies. Economic think tank GTRI asserted India should aim at reducing energy import bill to improve its current account.
BharatPe CEO quits: BharatPe's Chief Executive Officer (CEO) Suhail Sameer resigned from his post on Tuesday. According to reports, he also had an argument with ousted co-founder Ashneer Grover. "Sameer will transition from Chief Executive Officer to strategic advisor effective January 7, 2023," the company said in a statement without mentioning the reason behind his resignation.
Reliance Industries Ltd: Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance Industries Ltd, will acquire a 50 per cent stake in Gujarat-based carbonated soft drinks (CSD) and juices maker Sosyo Hajoori Beverages Pvt Ltd (SHBPL) for an undisclosed amount.
LPG price hike: The Oil Marketing Companies on Sunday (January 1) raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 25 with immediate effect on the first day of the New Year 2023.
New Year 2023 celebrations: Food delivery app Swiggy delivered 3.50 lakh biryani orders on Saturday (December 31) and by 10.25 PM the app dispatched over 61,000 pizzas across the country, according to company sources.
GST: The collections from Goods and Services Tax (GST) grew by 15 per cent to over Rs 1.49 lakh crore in December 2022, indicating improved manufacturing output and consumption demand, besides better compliance.
Latest on world economy: A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down.

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
Orient Green Power Company announced it has plans to expand assets in the renewable energy segment. The Shriram Group Company informed it is also mulling growth possibilities in overseas markets.
The Global Trade Research Initiative (GTRI) on Tuesday said the Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies. Economic think tank GTRI asserted India should aim at reducing energy import bill to improve its current account.
BharatPe CEO quits: BharatPe's Chief Executive Officer (CEO) Suhail Sameer resigned from his post on Tuesday. According to reports, he also had an argument with ousted co-founder Ashneer Grover. "Sameer will transition from Chief Executive Officer to strategic advisor effective January 7, 2023," the company said in a statement without mentioning the reason behind his resignation.
Reliance Industries Ltd: Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance Industries Ltd, will acquire a 50 per cent stake in Gujarat-based carbonated soft drinks (CSD) and juices maker Sosyo Hajoori Beverages Pvt Ltd (SHBPL) for an undisclosed amount.
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